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Business

Markets Post Worst First Half of a Year in Decades

July 1, 2022 - by adminaws - Leave a Comment

Global markets closed out their most bruising first half of a year in decades, leaving investors bracing for the prospect of further losses. Accelerating inflation and rising interest rates fueled …

Markets Post Worst First Half of a Year in Decades Read More
Business

Dow down more than 500 points as brutal first half comes to close

June 30, 2022 - by adminaws - Leave a Comment

US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than …

Dow down more than 500 points as brutal first half comes to close Read More
Business

Stock Futures Drop on Final Trading Day of Grueling Quarter

June 30, 2022 - by adminaws - Leave a Comment

US stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and considered updated readings on consumer spending and inflation. Futures tied to the …

Stock Futures Drop on Final Trading Day of Grueling Quarter Read More
Business

NIO Stock Slumps, Short-Seller Questions Battery Sales, Management Strikes Back.

June 30, 2022 - by adminaws - Leave a Comment

Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen / Bloomberg Shares of Chinese electric-vehicle maker NIO dropped more than 11% in Hong Kong …

NIO Stock Slumps, Short-Seller Questions Battery Sales, Management Strikes Back. Read More
Business

Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation

June 29, 2022 - by adminaws - Leave a Comment

Federal Reserve Chairman Jerome Powell said he was more concerned about the risk of failing to stamp out high inflation than about the possibility of raising interest rates too high …

Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation Read More
Business

Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate

June 29, 2022 - by adminaws - Leave a Comment

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at …

Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate Read More
Business

US Stocks Waver as Central Bankers Hold Panel

June 29, 2022 - by adminaws - Leave a Comment

US stocks were mixed on Wednesday as investors digested comments from central bankers at a panel in Europe and looked towards another round of quarterly earnings reports. The S&P 500 …

US Stocks Waver as Central Bankers Hold Panel Read More
Business

Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge

June 29, 2022 - by adminaws - Leave a Comment

When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods chain by cleaning up crowded aisles, scaling back coupons and …

Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge Read More
Business

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

June 29, 2022 - by adminaws - Leave a Comment

US stock indices pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers …

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market Read More
World News

An Oil Price Cap for Russia?

June 29, 2022 - by adminaws - Leave a Comment

Oil tanks at Volodarskaya LPDS production facility in the village of Konstantinovo in the Moscow region on June 8. Photo: MAXIM SHEMETOV / REUTERS The US and Europe have been …

An Oil Price Cap for Russia? Read More

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