A look at the day ahead in U.S. and global markets from Mike Dolan The end of a hair-raising week for the stock market has left more questions than answers, with Thursday’s bumper U.S. growth data goosing a blistering rotation to small cap stocks as traders brace for three major central bank decisions next week. […]
By Stefanie Eschenbacher, Shariq Khan and Trixie Yap MEXICO CITY/NEW YORK/SINGAPORE (Reuters) – Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery, half a dozen traders said, marking an about-turn by state energy company Pemex. The […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: As I write this, Elon Musk is grinning up at me from the Yahoo Finance homepage. He and his companies — mostly Tesla, but also SpaceX and xAI and X (formerly Twitter) — […]
(Bloomberg) — The Chinese-owned social media platform TikTok is battling a potential US ban with the signature tools of American democracy — lawyers, lobbyists and money. Most Read from Bloomberg TikTok has deployed Washington power brokers and $1,500-an-hour attorneys to fend off a new law barring the app unless its Beijing-based parent, ByteDance Ltd., divests. […]
(Bloomberg) — Apple Inc. lost ground in China’s smartphone market in the June quarter after local companies like Huawei Technologies Co. surged ahead. Most Read from Bloomberg IPhone shipments there slid 3.1% during the period, compared with an 11% year-on-year rise among Android-powered competitors, according to market tracker IDC. That squeezed Apple out of the […]
(Bloomberg) — JPMorgan Chase & Co. has launched a generative artificial intelligence tool and told employees to think of it as a research analyst that can offer information, solutions and advice, according to an internal memo viewed by Bloomberg. Most Read from Bloomberg The bank is giving “many” employees in the asset and wealth-management division […]
By Fransiska Nangoy JAKARTA (Reuters) – Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for U.S. electric vehicle tax credits, an Indonesian official said on Friday. Under the U.S. Inflation Reduction Act, to be eligible for an electric vehicle (EV) […]
(Bloomberg) — European stocks were set for a tepid start after Asian shares were mostly higher as traders weighed the firming expectations of Federal Reserve interest rate cuts against continued weakness in technology shares. Most Read from Bloomberg The Euro Stoxx 50 futures was little changed, while the contracts for US stocks advanced following a […]
(Bloomberg) — Apple Inc. lost ground in China’s smartphone market in the June quarter after local companies like Huawei Technologies Co. surged ahead. Most Read from Bloomberg IPhone shipments there slid 3.1% during the period, compared with an 11% year-on-year rise among Android-powered competitors, according to market tracker IDC. That squeezed Apple out of the […]
(Bloomberg) — Asian equities were mixed as traders weighed the firming expectations of Federal Reserve interest rate cuts against continued weakness in technology shares. Most Read from Bloomberg Stocks in Australia, Japan and South Korea climbed along with futures contracts for US equities on Friday. Chinese shares in Hong Kong and mainland fell, while the […]
(Reuters) – SpaceX’s Falcon 9 has received approval from the U.S. Federal Aviation Administration (FAA) to return to flight operations following a failure mid-flight on July 11 that grounded the rocket, the FAA said on Thursday. (Reporting by Chandni Shah in Bengaluru; Editing by Jacqueline Wong) View comments EMEA Tribune is not involved in this […]
(Bloomberg) — CrowdStrike Holdings Inc. Chief Executive Officer George Kurtz said in a Thursday LinkedIn post that more than 97% of the company’s Falcon agent sensors that use Windows are now back online. Most Read from Bloomberg CrowdStrike sent out a botched software update that crashed millions of computers on July 19, triggering a global […]
