Politics not a factor in rate decisions, Powell emphasizes Federal Reserve Chair Jerome Powell said regardless of the upcoming U.S. presidential election this year, the central bank continues […]
Shell Quits China’s Power Markets
Shell exited the Chinese power generation and trading markets effective end-2023, as it scales back its power business globally to focus on more profitable operations, the UK-based supermajor […]
Shell to close Chinese power generation business
Shell is to close its power generation business in China amid a wider Western exodus from the country. The company – which employed almost 2,000 people across the nation […]
Stocks end mixed in volatile session after Fed decision, Powell comments
I have always been hypercritical of Starbucks (SBUX). I remember covering the company as a stock analyst and spending weeks inside its stores studying the workflows of each […]
Hang Seng Index, Nikkei 225, ASX 200: Futures Flash Red on Fed Jitters
According to the preliminary surveys, the Australian Judo Bank Manufacturing PMI increased from 47.3 to 49.9 in April. Upward revisions could fuel speculation about an RBA rate hike. […]
Nasdaq Index, Dow Jones, S&P 500 News: Futures Rally Ahead of Labor Market Data
Corporate Earnings Highlights The post-market scene was vibrant with notable movements in several major companies. Qualcomm’s stock rose over 3% following the announcement of better-than-expected adjusted earnings and […]
Did Google really lose search market share to Microsoft Bing in April?
Statcounter has updated its search engine market share stats for April – and the results are shocking. If they’re true. I’m doubtful – but hoping Statcounter will confirm whether […]
Yen swings stir talk that Japan is in the FX market once again
A yen surge in New York late Wednesday fueled speculation that Japanese authorities intervened for a second time this week, before the currency began to weaken again in […]
Asian markets track Wall St down as Fed looms
Hong Kong – Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal […]
US stock futures rise; Powell boosts sentiment ahead of Apple results By Investing.com
Investing.com– U.S. stock index futures rose Thursday as investors digested comments from Federal Reserve Chair Jerome Powell ahead of earnings from tech giant Apple. At 06:30 ET (10:30 […]