Tag: Markets

German Gloom Dampens Stocks as Fed, ECB Meetings Beckon

April 28, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
0 Comment

LONDON—A stagnant German economy and sliding yen overshadowed buoyant tech earnings to send shares lower on Friday, with investors betting that next week’s batch of central bank meetings will point towards a levelling off in interest rates. Oil headed for a second week of declines after data on Thursday showing the U.S. economy slowing more…

Read More

Microsoft Reports Boost in Profits, Revenue, as It Pushes AI

April 27, 2023
AIBusiness & MarketsCompaniesMarketsMedia & Big TechmicrosoftrevenuestocksTechTech NewsUS
0 Comment

REDMOND, Wash.—Microsoft on Tuesday reported a 9 percent increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share. The…

Read More

Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 27)

April 27, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment

Benchmark U.S. crude oil for June delivery rose 46 cents to $74.76 a barrel Thursday. Brent crude for June delivery rose 68 cents to $78.37 a barrel. Wholesale gasoline for May delivery fell 2 cents $2.53 a gallon. May heating oil fell 2 cents $2.35 a gallon. June natural gas rose 5 cents to $2.36…

Read More

Amazon to Shut Down Halo Division, Lays Off Some Staff

April 27, 2023
AmazonBusiness & MarketsCompaniesdivisioneconomyHalolayoffsMarketsMedia & Big TechUSUS News
0 Comment

Amazon.com Inc. said on Wednesday it was shutting down its Halo division that sells health and sleep trackers as the technology giant kicks off wider company layoffs. The company said it will stop supporting Halo services from July 31, and will fully refund Halo devices purchases made in the preceding 12 months. “We notified impacted…

Read More

Jobless Claims Fall Again With Labor Market Churning Along

April 27, 2023
benefitsBusiness & Marketseconomic policieseconomyinflationMarketsrecessionunemploymentUSUS News
0 Comment

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. The number of Americans filing for jobless claims for the week ending April 22 fell by 16,000 to 230,000, the Labor Department reported Thursday. The four-week moving average…

Read More

Deutsche Bank to Cut 800 Jobs After Strong 1st Quarter

April 27, 2023
Business & MarketsCompaniesDeutsche Bankeconomic policieseconomyEuropeinflationInternationallayoffsMarketsrecessionresultsstocksWorld
0 Comment

FRANKFURT—Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The…

Read More

Oil Prices Stabilize After Hefty Losses

April 27, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04 percent, by 1033 GMT, while U.S. West Texas Intermediate crude rose 1 cent or 0.01 percent…

Read More

Stock Market Today: Global Shares up Ahead of US GDP Update

April 27, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
0 Comment

TOKYO—Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world’s biggest economy slowing in the first quarter of the year. Shares rose in Paris, Frankfurt, Tokyo, Hong Kong, and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher. The U.S. economy…

Read More

House Panel Debates Whether Biden-Era Energy Policies Benefit China

April 26, 2023
bidenBusiness & MarketsChinaChina Business & EconomyChina Human RightsClimate Policiescongresscritical mineralsDemocratseconomic policieseconomyenergyExecutive BranchFinance & Business TiesGlobal ExpansionhouseInfiltrating the WestInvestmentMarketsNational SecurityPolicies & ImpactsPoliticsRepublicansSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS NewsUS-China relations
0 Comment

China’s gains and losses from energy policies during Joe Biden’s presidency were a contested topic during an April 26 hearing of the House Energy & Commerce Committee’s Environment, Manufacturing, and Critical Materials Subcommittee. “Until we increase U.S. capacity for critical mineral extraction and refining, increasing our reliance on renewable energy and EVs [electric vehicles] will…

Read More

Business Investment Slumps as Orders for Capital Good Falls

April 26, 2023
Business & Marketscore capital goodseconomyinflationInvestmentMarketsUSUS ManufacturingUS News
0 Comment

Orders for American-made durable goods has fallen as business investments slump—a sign of an economic slowdown. The U.S. industrial sector has been falling into a slump after several years of rapid growth, with many economists viewing it as a prelude to a broader recession. Durable goods orders jumped by 3.2 percent in March but only by…

Read More