British Pound Plummets to Record Low against the U.S. Dollar
The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances.
No Relief for Bruised Markets as Fed Signals Higher Rates for Longer
A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises faster and higher than many investors were expecting.
Disney Vs. Comcast: Tight Competition Demands Best Value for Impending Acquisition of Hulu
Interesting event developments may become very beneficial for shareholders, who can expect significant boosts of market value of their respective holdings.
Ray Dalio Foresees Persistent Inflation, Higher Rates, Slower Growth
Ray Dalio has little positive to say about what’s happening in the US economy, and what that means for the outlook for equities, given that inflation is running well above what most people and central bankers want.
EU Energy Shock: Soaring Energy Prices Provoke Growing Anger across Europe
The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official.
Starbucks Stock Shows Relative Strength To S&P 500
Starbucks was working to print a bullish kicker candlestick, which could indicate higher prices.
Scholz Promises 65B Euros to Shield Germans Through Tough Winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
U.S. Officials Order Nvidia to Halt Sales of Top AI Chips to China
Bellwether semiconductor bluechip Nvidia Corp (NVDA) said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in the country.
JinkoSolar Shines In Latest Polysilicon Tie-Up, Brightening Industry Trends
JinkoSolar’s shares rise 5% after announcement of a new $70 million investment in domestic polysilicon maker Tongwei.
Student Loan Forgiveness in Hands of "Understaffed and Overcommitted" Agency
The implementation of President Biden's widespread, income-targeted student loan forgiveness is shaping up to be a bureaucratic challenge for the U.S. Department of Education.
Once High-Flying Chinese Tech Giants Now Look to Scale Back Costs
Alibaba and Tencent executives have been focusing on cutting costs across the business from headcount to exiting non-core businesses.
Fed Minutes Show More Rate Hikes Coming, but Pace Could Slow
According to the minutes of their July 26-27 policy meeting
Tesla Brisk At Giga Shanghai, Musk Offloads More Shares
Notwithstanding the broader market rally, electric vehicle stocks closed the week ending Aug. 12 on a mixed note.
Drought Threatens 60% Of Eu And U.K. As Europe Faces "Critical Situation"
Drought conditions are affecting about 60% of the EU and the U.K., exacerbated by climate-change driven record heat across Europe this summer, according to new research from the European Drought Observatory.