Updated at 11:25 AM EST Global oil prices extended the falls on Wednesday as investors placed bets on crude oil and commodity demand amid rising signs of recession in the world’s largest economy. Price action was also affected by the news that Mohammad Barkindo, OPEC Secretary-General, has died at the age of 63 just hours …
Oil dives while recession fears rise: Gas prices are about to fall Read More »
Few would have foreseen the huge losses in the stock markets this year, after such a solid 2021. But the first half of 2022 has proved to be something of a nightmare for many investors. MSCI World had its worst start to the year ever. while the S&P 500 ended the first six months with …
Wall Street believes these global stocks are set for a recovery Read More »
The latest tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns that the market is far from bottom – and this is a concept that investors do not understand, especially when it comes to growth, technology and innovation names. “The two securities in this world of uncertainty today are that …
Walmart Inc. said it would charge some of its suppliers a new fee for transporting goods to its warehouses and stores, according to a memo seen by The Wall Street Journal, the latest example of how companies seek to compensate for rising costs for things like transportation and fuel. Companies using Walmart to transport goods …
Walmart tells suppliers that there will be new fuel and pickup fees Read More »
The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now that the economy is entering another tumultuous phase, Amazon.com Microsoft and Google seems ready to expand their strength. According to Synergy Research Group, the three companies accounted for 65% of the $ 53 billion in global cloud service …
Amazon, Microsoft, Google Strengthen the grip on the cloud Read More »
The bond market is flashing with a warning that the economy may fall or has already fallen into recession, according to a closely monitored target. Market professionals see the spread on the Treasury’s yield curve or the difference between government interest rates with a longer duration and returns with a shorter duration. Usually, returns with …
Bonds flash a warning light for recession when the key part of the yield curve returns Read More »
Ford Motor reported a nearly 32% increase in U.S. sales in June, knocking out a large portion of the industry as it improved truck and SUV supplies and took advantage of the rollout of a new all-electric pickup. Overall, sales in the U.S. auto industry fell by 11% in June, according to Ford, reflecting continued …
Ford’s sales in the United States rose 32% in June, surpassing the broader industry Read More »
The smooth acceleration shown by Tesla in the past two years faltered in the second quarter. CEO Elon Musk has given hints that the problems go deeper than lockdowns in Shanghai. On Saturday, Tesla reported quarterly deliveries of 254,695, down from 310,048 in the first three months of the year. The news came as no …
Tesla’s uneven neighborhood may be about more than shutdowns in China Read More »
PARIS – Shares in French music streaming service Deezer fell on their first trading day, a fresh sign of the difficult environment facing startups and loss-making companies. The Paris-based competitor to music streaming services, including Spotify technology SA saw its shares fall by more than a quarter on Tuesday, the company’s first day on the …
Spotify competitor Deezer’s shares fall in trading debut Read More »
PARIS – Shares in French music streaming service Deezer fell on their first trading day, a fresh sign of the difficult environment facing startups and loss-making companies. The Paris-based competitor to music streaming services, including Spotify technology SA saw its shares fall by more than a quarter on Tuesday, the company’s first day on the …
Spotify competitor Deezer’s shares fall in trading debut Read More »