The dollar climbed to as high as 137.28 yen in morning trading. It then pared those gains slightly and was last up 0.6% at 136.93. The euro fell back towards a 20-year intraday low hit on Friday. The euro is struggling against more than just the dollar this week. The Rampant dollar reaches a new … Read more
Britain still retained the top spot in European rankings – attracting 63 projects in 2021. But the gap with second-placed France narrowed, with its neighbor recording 60 projects. Both nations enticed a higher number of projects than in the previous year. Britain and France bucked the trend for a contraction in Europe overall. Paris made … Read more
The benchmark S&P 500 index fell nearly 3% on Friday. Yields on the benchmark 10-year Treasury hit their highest level since early May. Stronger-than-expected inflation data ramped up forecasts for more aggressive Fed rate hikes later this year. Rankling expansion is taking steps to reignite twin decreases in U.S. stocks and bonds, passing on financial … Read more
Hedge funds posted negative performance in May, accentuating their losses this year to almost 3%. The fund-weighted composite index went down 0.58% amid volatility in equities, bonds, and commodities. Still, 40% of the hedge funds compiled posted gains. Mutual funds posted negative execution in May, emphasizing their misfortunes this year to practically 3%, as financial … Read more
Elon Musk warned Twitter Inc (TWTR.N) on Monday that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks. The warning was delivered in a letter from Musk’s lawyers to Twitter’s chief legal officer, Vijaya … Read more
Shares of Amazon.com were up more than 2%, giving the S&P 500 and Nasdaq their biggest boosts in the stock’s first day of trading. A solid jobs report on Friday lowered hopes of a pause in the Federal Reserve’s aggressive policy-tightening plan. U.S. stocks were for the most part higher on Monday, drove by gains … Read more
Lawyers will file a case against the fund’s administrators Link Fund Solutions. They claim they failed to properly supervise the investments made by Woodford and other fund managers. In any case, Link says it acted inside the guidelines and will “overwhelmingly shield itself”. Mr Woodford was one of the UK’s most high profile stockpickers and … Read more
