Text size Some US companies with overseas sales are already warning about the impact of foreign exchange as the dollar strengthens. Mark Wilson / Getty Images The dollar continues to strengthen as the Federal Reserve’s inflation fight leads to higher US interest rates and as geopolitical tensions drive investors to the paradise currency. Add it …
Estee Lauder, Nvidia and 6 stocks more vulnerable to a strong dollar Read More »
US stock futures rose, indicating that large indices are opening with gentle gains after the Independence Day holiday. Futures on the S&P 500 rose 0.3% and futures on the Dow Jones Industrial Average rose 0.3%. Changes in stock futures do not necessarily predict movements after markets open.
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An energy-hungry world is turning to coal as a shortage of natural gas and oil, exacerbated by Russia’s war on Ukraine, leads countries back to the dirtiest fossil fuels. From the US to Europe to China, many of the world’s largest economies are increasing short – term coal purchases to ensure adequate supplies of electricity, …
Coal is making a comeback as the world thirsts for energy Read More »
HONG KONG — While smartphone makers are embarking on developing the next generation of smart electric vehicles, one of China’s largest automakers is going against the flow by making a comeback in the smartphone market. A subsidiary of Zhejiang Geely Holding Group said on Monday that it completed the acquisition of a 79% stake in …
Chinese carmaker Geely is venturing into smartphones Read More »
Travelers faced a busy and at times aggravating July-4 weekend at U.S. airports with a shortage of staff and other congestion, but flight disruptions subsided Sunday and Monday. The cancellations increased as bad weather hit parts of the country on Friday and Saturday. Airlines canceled more than 1,200 U.S. flights during those two days, about …
Air travelers manage busy fourth of July holiday weekend Read More »
BUENOS AIRES — Argentine President Alberto Fernandez appointed a little-known public servant as finance minister as his administration faced rising inflation and a weakening currency that risks boosting social unrest. Silvina Batakis, an economist in line with the ruling left-wing Peronist coalition, took over the government’s top economic post on Monday, two days after the …
Argentina appoints new economy minister as inflation crisis intensifies Read More »
President Biden last week called on the US Senate to abolish the filibuster so that Congress can “codify Roe v. Wade. “ But the filibuster’s demand for 60 votes is not the most serious obstacle to the Women’s Health Protection Act, a Democratic bill passed by Parliament, or for that matter to Republican Senator Susan …
We live in a time of poor gender understanding, and British Prime Minister Boris Johnson has contributed to the confusion. Speaking to German media between the group of seven and the NATO summits at the end of last month, he offered the following wisdom: “If Putin was a woman, which he obviously is not, but …
President Biden’s ambition to phase out fossil fuels runs counter to his human rights goals in China. Last month, the United States began enforcing the Uyghur Forced Labor Prevention Act, “which ensures that goods produced by forced labor in the Xinjiang Uyghur Autonomous Region of the People’s Republic of China do not enter the US …
Biden must choose: Climate change or human rights in China Read More »