(Bloomberg) — Samsung Electronics Co. reported a better-than-anticipated 21% jump in revenue, assuaging investors’ worst fears about the impact of weakening consumer demand and soaring materials costs on the $550…
Category: Breaking News
S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation
U.S. stocks end higher Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic…
Euro Sinks to Edge of Dollar Parity as Pros Call It ‘Unbuyable’
(Bloomberg) — With the European economy lurching toward a recession, traders are growing more convinced that the euro breaking parity with the dollar is imminent. Most Read from Bloomberg Shorting…
Analysts Say Buy These 3 Beaten-Down Stocks Before They Rebound
Now that we’re into the second half of 2022, with the Independence Day holiday behind us, we can take stock of the changes that the last six months have brought.…
Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state
Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state Bill Gates made…
Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone
(Bloomberg) — Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of…
US Futures Advance Amid China Tariff Speculation: Markets Wrap
(Bloomberg) — Asian stocks look set for a steady start Tuesday as investors evaluate the possible scrapping of some US tariffs on Chinese consumer goods. Most Read from Bloomberg Futures…
Russia’s Crude Oil Shipments to Crucial Asian Markets Falter
(Bloomberg) — Russia’s seaborne crude exports in the seven days to July 1 rebounded from the previous week’s plunge, but shipments to Asia are slipping, even as flows are diverted…
Iran Slashes Cost of Its Oil to Compete With Russia in China
(Bloomberg) — Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. Most Read from…
Home sellers are realizing it’s no longer their housing market
The housing market has rapidly changed. Sellers, once in the driver’s seat at the start of the year, are much more accommodating to complete a home sale as borrowing costs…