February 7, 2024
Via: Sky NewsOrsted, the company developing the Norfolk coast windfarm, Hornsea 3, also suspended shareholder payments in an effort to strengthen its balance sheet. In common with the industry more broadly, Orsted has been hit by high inflation, raised interest rates, project […]
February 6, 2024
Via: The Wall Street JournalChinese shares notched their best day in years after Beijing signaled its intent to prop up the battered equities market, including by directing a trillion-dollar sovereign-wealth fund to boost holdings. The benchmark Shanghai Composite Index gained 3.2% Tuesday, snapping a […]
February 6, 2024
Via: Investing.comInfineon (OTC:IFNNY) Technologies AG (IFX) has reported a decline in revenues and adjusted its forecast for the fiscal year 2024, citing a challenging market environment and inventory adjustments. During its recent earnings call, the semiconductor manufacturer detailed a quarter-over-quarter revenue […]
February 5, 2024
Via: Investing.comEuropean shares closed lower on Monday, as government bond yields across the continent jumped on lower expectations about imminent interest rate cuts by major central banks, eclipsing gains brought by some upbeat corporate reports. The pan-European STOXX 600 index ended […]
February 5, 2024
Via: DailyFXThe U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging U.S. Treasury yields in the wake of strong economic numbers and hawkish Federal Reserve rhetoric in recent trading sessions. […]
February 5, 2024
Via: Investing.comAsian shares edged up on Tuesday thanks to a bounce in battered Chinese markets, although investors were cautious after a slide on Wall Street amid diminishing expectations of a near-term Federal Reserve rate cut, which in turn underpinned the dollar. […]
February 2, 2024
Via: DailyFXThe latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure was also revised higher to 333k from 216k. The closely watched […]
February 2, 2024
Via: Investing.comU.Today – As the new bull market is gaining traction, Netflix (NASDAQ:NFLX) alum and seasoned crypto VC Vance Spencer indicates a number of milestones the blockchain segment could reach in the coming two years. While his forecast sounds optimistic, he […]
February 1, 2024
Via: DailyFXThe Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]
January 31, 2024
Via: CNBCThe U.S. and China had a “productive” first day of talks in Beijing about the fentanyl crisis, Jennifer Daskal, a deputy homeland security advisor, told NBC News’ Janis Mackey Frayer in an exclusive interview Tuesday. “We’re looking for results and […]
January 31, 2024
Via: Investing.comRegional U.S. bank stocks sank on Wednesday, dragged by a 38% plunge in the shares of New York Community Bancorp (NYSE:NYCB) after it cut its dividend and posted a surprise loss, renewing fears over the health of similar lenders. The […]
January 31, 2024
Via: DailyFXThe tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. The surge in Meta’s […]
January 30, 2024
Via: DailyFXBrent crude oil was making a marvelous recovery since it consolidated in the early days of 2024 but such upward momentum has not only stalled, but cut back somewhat. After breaching the $83.50 mark, UK oil trade softened, closing around […]
Industries, Retail & Wholesale
January 30, 2024
Via: MoneyWeekShop prices rose at their slowest rate in more than 18 months in January, according to the British Retail Consortium (BRC). Discounts and lower prices for milk and tea saw shop price inflation fall to 2.9%, from 4.3% in December. […]
January 29, 2024
Via: CNBCWorkers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index in January fell to its lowest level since 2016, when the career site began tracking the metric, it said Monday. […]
January 29, 2024
Via: MoneyWeekHouseholds will be cheering that inflation has more than halved over the past year, and is set to fall further in 2024. But as the price of goods and services tumbles, analysts are now starting to worry about the risk […]
January 26, 2024
Via: DailyFXUS core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2% target however, is attached to the PCE Price Index which revealed the difficulty […]
January 26, 2024
Via: Sky NewsSky News understands that the International Legal Finance Association (ILFA) wants ministers to use the Horizon Bill to reverse a Supreme Court ruling which has cast a pall across the litigation funding sector. Litigation funding sources argue that the ruling […]
January 25, 2024
Via: Investing.comBoeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals as U.S. regulators froze production of the best-selling jets. The FAA ramped up scrutiny of Boeing (NYSE:BA) after a frightening […]
January 25, 2024
Via: NBC NewsThe economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, […]