U.S. stocks opened lower on Monday as Treasury yields continued to rise on expectations of a tighter monetary policy, while Bank of America wrapped up earnings from Wall Street lenders with a better-than-expected quarterly profit. The Dow Jones Industrial Average fell 39.74 points, or 0.12 percent, at the open to 34,411.49. The S&P 500 opened…
Samsung Heavy Industries Partners With Denmark’s Seaborg to Develop Floating Nuclear Power Plants
South Korea’s shipbuilder Samsung Heavy Industries has signed a memorandum of understanding with Seaborg, a Denmark-based nuclear reactor developer, to develop floating nuclear power plants. Samsung Heavy said on April 12 that the floating power plants will be integrated with Seaborg’s compact molten salt reactor (CSMR) technology, a next-generation carbon-free energy source. The agreement also covers…
Major US Retailers Accused of Profiteering, Raising Consumer Prices Amid Soaring Inflation
Some of the United States’ biggest retailers have been accused by a nonpartisan watchdog organization of profiteering from rising inflation levels across the nation. In the new report (pdf) by Accountable.US, companies including Costco Wholesale Corp., Walmart Inc., Target Corp., CVS Health Corp., Kroger Co., and T.J. Maxx parent company TJX Companies Inc. are among those accused…
Japan’s Yen Bounces Briefly After Kuroda Comments
SINGAPORE—The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister…
Oil Slips on China Demand Fears, Supply Worries Limit Losses
TOKYO/LONDON—Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel. China’s economy slowed in March as consumption, real estate, and exports were hit, taking the shine off faster-than-expected first-quarter growth numbers and worsening an…
Asian Shares Sink as China Says First Quarter Growth at 4.8 Percent
BANGKOK—Shares were mostly lower in Asia and U.S. futures fell after China reported Monday that its economy expanded at a 4.8 percent annual pace in January-March. Benchmarks fell in Tokyo, Seoul, Taipei, and Shanghai. Seoul edged higher. Markets in Europe and in Hong Kong and Sydney were closed for holidays. Wall Street benchmarks declined last…
AMC’s Mobile App Now Lets You Buy Tickets Using Dogecoin And Shiba Inu
AMC Entertainment Holdings Inc’s (NYSE:AMC) mobile app has started accepting payments in Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), and other cryptocurrencies for their movie tickets. What Happened In a recent tweet, AMC CEO Adam Aron announced that crypto payments are now accepted on the company’s smartphone app. Customers can use crypto payments provider BitPay,…
Ethereum Founder Vitalik Buterin Has This to Say About Elon Musk’s Hostile Twitter Bid
Market chatter over the past few days is about Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk’s $54.20 per share offer to take Twitter, Inc. (NYSE:TWRT) private. Several high-profile investors and corporate CEOs have had thoughts on the development, and the latest to join the discussion is Ethereum (CRYPTO: ETH) founder Vitalik Buterin. Don’t Oppose, But… Buterin…
New Zealand PM Goes on First Post-COVID Overseas Trip to Promote Tourism
April 18, 2022
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New Zealand Prime Minister Jacinda Ardern departed on Monday for a six-day trade mission to Singapore and Japan, her first overseas trip since COVID-19 began. Ardern is hoping to promote New Zealand tourism and education in the two Asian nations and support local businesses rebuild and grow connections in both markets. “This is a chance…
LIVE UPDATES: Russia–Ukraine War (April 18)
The latest on the Russia–Ukraine crisis, April 18. Click here for updates from April 17. Ukraine Completes Questionnaire for EU Membership: Official Ukraine has completed a questionnaire which will form a starting point for the European Union to decide on membership for Kyiv, Ihor Zhovkva, deputy head of President Volodymyr Zelenskiy’s office, said. European Commission President…
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