In a sign the global chip shortage is easing, chip delivery times dropped in August, however some chips still remain scarce on the market. Lead times, defined as the time between an order for a […]
Homebuyer demand suffered a cataclysmic blow this week as mortgage rates hit a high not seen since 2008. A 30-year fixed mortgage rate rose to 5.89% from 5.66% one week ago, according to data from […]
EU leadership is examining the possibility of imposing a price ceiling on all gas imported into the EU, including US LNG, according to European Commission President Ursula von der Leyen on Wednesday. She told reporters […]
Canada Goose CEO Dani Reiss struck a bullish tone at the 29th annual Goldman Sachs retail conference on Wednesday, noting, “I think it’s going to be a strong holiday season, actually.” The commentary was noteworthy […]
As Tesla stock closes out a great summer run, Goldman Sachs analysts are saying the great run may not be over yet. In the last three months, Tesla shares have risen 12%, as the S&P […]
On Wednesday oil prices plummeted, as global benchmark Brent crude fell below $90 per barrel, and American benchmark West Texas Intermediate (WTI) landed at around $85 per barrel. According to data from London’s Intercontinental Exchange, […]
Cryptocurrencies, including Bitcoin BTCUSD –0.91%, were falling on Monday. The price of bitcoin dropped 0.91% to $19,700, after climbing above $20,300 on Friday, before pulling back along with the broader stock market. As it dropped […]
VTB, a top Russian bank, has begun to make money transfers to China in yuan, bypassing the SWIFT global financial messaging system. VTB CEO Andrey Kostin said in a statement, “The new reality is leading […]
Over 4,800 Chinese companies have released earnings for the first half, and analysts are calling it a bloodbath. Roughly 53% posted declines in net profits, a number almost as bad as when the entire nation […]
Bloomberg reported on Monday that analysts believe a €65-billion financial aid package passed by Berlin, attempting to ease inflationary pressures produced by the energy crisis, will not stop a looming recession in the European nation. […]
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