Hong Kong rose strongly as Chinese technology shares advanced. Tokyo, Seoul, and Sydney all saw increases in benchmarks. The Japanese economy shrank by 0.5 percent year on year in the first quarter due to a coronavirus outbreak, according to the Cabinet Office. Stocks in the United States rose on Tuesday as Treasury yields fell. BANGKOK: On … Read more
The losses come after a string of rocky days for markets, with key indexes frequently lurching between gains and losses by the hour. Investors are still trying to figure out how rising interest rates and inflation will affect the economy. The S&P 500 index fell 44.91 points, or 1.1%, to 4,115.77. It has notched losses … Read more
This year, caramel and salt have been a popular taste combination for snack manufacturers, with several brands introducing snacks with such flavor combinations. Companies like Prevail Jerky are taking salty snacks in a new way, focusing on capturing umami in their goods. At the exhibition, Prevail Jerky debuted its Umami Beef Jerky. CHICAGO: Many exhibitors launched … Read more
The 30-year fixed-rate mortgage average contract interest rate for conforming loan sums of $647,200 or less jumped to 5.40 percent from 5.33 percent. Mortgage applications for house purchases declined 7% for the week and were 21% lower than the same week last year. Refinance demand decreased 6% for the week and was down 75% year … Read more
Jim Cramer explained why the increasing price of oil has Wall Street scared about a recession, pointing to a drop in energy stocks on Wednesday despite crude hitting a record high. “As long as oil prices keep climbing, it’s hard to make the case for a soft landing. Oil’s a nightmare for the Fed. It … Read more
Volkswagen of America CEO Scott Keogh told on Wednesday that the company is “actively” looking to develop additional assembly and battery plants in the United States. Keogh refused to comment on probable locations for such activities. Currently, the German carmaker operates North American assembly operations in Tennessee and Mexico. CHATTANOOGA, TENNESSEE — Volkswagen of America … Read more
Jim Cramer warned investors on Wednesday not to invest in digitization stocks while the potential of a recession looming. “You can’t rationalize owning them unless you believe the [Federal Reserve] will rapidly beat inflation without doing much more to harm the economy,” the “Mad Money” host added. Jim Cramer warned investors on Wednesday not to … Read more
Mohnish Pabrai, a disciple of Warren Buffett, names his 2 favorite investing books Are you looking for stocks with long-term value? Mohnish Pabrai, a seasoned investor, recommends two books. Pabrai, a value investor and disciple of billionaire Warren Buffett, told CNBC Pro Talks that “100 to 1 in the Stock Market” is an “extremely well-written” … Read more
Spirit Airlines has postponed its shareholder meeting, which was originally scheduled for Friday, until June 30. The carrier will continue discussions with Frontier Airlines and JetBlue Airways about competing offers. Frontier and JetBlue both increased their promotions in the last week. Spirit Airlines has postponed its shareholder meeting, which was scheduled for Friday, until June … Read more
China is one of Nike’s most important markets. China is also a key manufacturing hub for the brand, producing roughly one-fifth of Nike’s footwear and apparel. Nike Run Club, which allows users to track their runs and participate in challenges with friends, has more than 8 million users in China who have collectively covered more … Read more
According to reports, Elon Musk will be granted access to Twitter’s “firehose” of proprietary data. According to the Washington Post, Musk could get access to internal data as soon as this week. This is just the latest twist in Musk’s tumultuous proposed takeover of Twitter. According to the Washington Post, Twitter has agreed to Elon … Read more
Microsoft is the most recent company to cut ties with Russia. Microsoft has announced that it is “significantly” reducing its operations in Russia, more than three months after Russia invaded Ukraine. Amy Hood, CFO of Microsoft, revealed earlier this year that Russia accounts for less than 1% of Microsoft’s revenue. Microsoft has announced that it … Read more
According to James Kavanaugh, IBM senior vice president and chief financial officer, Russia generated approximately $300 million in revenue. Approximately $200 million in profit and cash in fiscal 2021.officer, at IBM’s first fiscal quarter 2022 financial analyst conference call on April 19. The shutdown process began on May 30, and it will result in the … Read more
The majority of the new hires will be based in Hong Kong and Singapore. Citi’s sales in the region exceeded $10 billion last year. Citigroup Inc. intends to hire approximately 3,000 additional employees for its institutional business in Asia as it expands its footprint in the area. According to Citi spokesman James Griffiths, the new … Read more
NBA Hall-of-Famer Gary Payton has joined forces with Hennessy, the NBA’s Official Spirit, to assist the brand’s Unfinished Business programme. Hennessy has collaborated with the NBA to expand the scope and effect of their Unfinished Business initiative. Donating $2.5 million to minority-owned small businesses in communities around the country. Unfinished Business is a long-term Hennessy … Read more
Joanna Gaines purchase price for the home in 2019 was not disclosed, but it was marketed at $425,000 and had a tax evaluation of $350,700 at the time. Tickets are $50, with no tickets required for children under the age of seven, and are exclusively available online. Magnolia will donate 20% of tour proceeds to … Read more
Russia-US dialogue unheard-of low level, as per Ambassador Antonov. Trust is dissolving, and cooperation is breaking down even on matters of mutual interest, according to Russian Ambassador to the United States Anatoly Antonov. “Russian-American political dialogue is at an unprecedented low level. Ambassador Anatoly Antonov, The US State Department restated its position that the crisis … Read more
Songtradr, a German AI metadata and music search startup with access to more than 50 million song titles, for an undisclosed sum. The acquisition comes more than a year after the Australian-owned, Los Angeles-based company purchased online music “Musicube is an AI solution founded in 2019 by David Hoga and Agnes Chung that allows users … Read more
