Chinese shares erased their gains for the year and metals prices fell amid mounting concerns over the outlook for the country’s economy and the possibility of an unprecedented US debt default. China’s benchmark CSI 300 index of Shanghai- and Shenzhen-listed stocks fell as much as 1.1 per cent on Wednesday, pushing the index’s year-to-date losses
UK inflation dropped to 8.7 per cent in April, a smaller fall than the Bank of England expected, raising pressure on the central bank to keep increasing interest rates. The figure will come as a blow to ministers and the central bank because the fall in consumer price inflation from 10.1 per cent in March
The chief executive of Nvidia, the world’s most valuable semiconductor company, has warned that the US tech industry is at risk of “enormous damage” from the escalating battle over chips between Washington and Beijing. Speaking to the Financial Times, Jensen Huang said US export controls introduced by the Biden administration to slow Chinese semiconductor manufacturing
Technologists used to be cheery types — often boosterish to the point of annoying. So it has been a little disorientating lately to watch a parade of tech leaders issue public warnings about the dire potential consequences of their own inventions. Mustafa Suleyman, one of the co-founders of AI lab DeepMind, told an event in
In a high-security vault in London’s Mayfair, where the glass is thick enough to resist automatic gunfire and four control rooms keep watch around the clock, some of the world’s wealthiest individuals have been rushing to store gold. The small safes inside, which cost as much as £12,000 annually, are set to be full by
In Douglas Stuart’s Booker Prize-winning novel Shuggie Bain, the main character relocates in the early 1980s to a bleak former mining community on the outskirts of Glasgow. Stuart’s description of the local miners’ “pink hands that looked free of work” recalls the real-life fate of many British workers when big industries shrank or disappeared completely.
A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions. In a May 22 filing in a Texas Bankruptcy Court, Core Scientific’s lawyers said its liquidity position has improved considerably since it filed
Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission has claimed. Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission, said that it’s
A major activist investor is betting stalled return-to-office plans will stir up more trouble in commercial real estate. Land and Buildings’ Jonathan Litt has been shorting REITs with high office space exposure for three years, and he has no plans to shift gears. “If you have no rent growth and your vacancies are going up
Dividends issued in the first quarter by the world’s largest listed companies hit a record this year, even as prominent investors and asset managers warn of a coming global economic slowdown. The world’s 1,200 biggest public companies collectively issued $326.7bn in dividends in the first quarter of 2023, a rise of 12 per cent on
Italy has announced a €2.2bn relief package for the flood-hit its Emilia-Romagna region, where an estimated 23,000 people have lost their homes and thousands of hectares of fertile farmlands were damaged after the region received more than half of its annual average rainfall in the space of just 36 hours. At least 15 people are
In this article INTU TOL VFC A PANW URBN Follow your favorite stocksCREATE FREE ACCOUNT Construction workers build a Toll Brothers home in Boca Raton, Florida. Joe Raedle | Getty Images Check out the companies making headlines in extended trading. Palo Alto Networks — Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue
In today’s episode of let’s talk stocks, we are going to take a look at how to read stock charts for beginners. We’ll cover the basics of chart reading, different types of stock charts and the one I recommend, different time frames when looking at stock charts, also you’ll see me evaluate a few stock
Shadow chancellor Rachel Reeves will on Wednesday embrace “Bidenomics” as a template for a Labour government, saying Britain risks being “sidelined” unless it accepts that the rules of the global economy have changed. In a speech in Washington, Reeves will back an “emergent global consensus” on the economy, involving an active state, muscular industrial policy,
Ether’s price has been stuck below $1,920 for the past 16 days, which is especially concerning since the latest breakout attempt on May 6 lasted less than 24 hours. Excluding this brief price pump, Ether’s (ETH) journey below $1,920 was initiated on April 21, over 30 days ago. One can likely blame the Ethereum network’s $8.80
Municipals resumed their selloff Tuesday, while U.S. Treasuries were slightly weaker and equities ended down as debt ceiling negotiations and Fed policy uncertainties hang over financial markets. Triple-A yields rose from two to five basis points on the one-year and up to 10 basis points across the rest of the curve. Municipal to UST ratios
A ruling by federal officials that could make or break New Jersey’s first major offshore wind farm project is expected this summer. On Monday, the U.S. Department of Environmental Protection’s Bureau of Ocean Energy Management released its Final Environmental Impact Statement for the $1.6 billion Ocean Wind 1 project, a state-supported plan by Danish energy
Ron DeSantis will announce he is running for president in a conversation with Elon Musk on Twitter, ending months of speculation about the Republican governor of Florida’s 2024 ambitions and placing the billionaire Twitter owner front and centre in the race for the White House. DeSantis, 44, will launch his campaign on Wednesday evening with
Boris Johnson has been referred to the police by the Cabinet Office over further potential breaches of coronavirus regulations during his time as UK prime minister. Civil servants passed information to the Metropolitan Police and Thames Valley Police last week that had been discovered by lawyers working for the government on evidence for submission to
The latest battle between the Puerto Rico Oversight Board and Puerto Rico Electric Power Authority bondholders came in filings this week in which the bondholders said the board’s stated “obstacles” to collections have nothing to do with what they are owed. The board, in turn, said the bondholders’ arguments are “erroneous.” In filings late Monday,
A Food Stock Poised to Benefit From Robust Comps Growth & More and Another with Strong Momentum Characteristics. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE