Shell said last month that windfall taxes imposed by the European Union and the United Kingdom following the profit hike would cost the group around $2 billion. Paul Ellis | AFP | Getty Images British oil giant Shell posted its highest-ever annual profit on Thursday, buoyed by soaring fossil fuel prices and robust demand since …
US President Joe Biden, front, and Ursula von der Leyen, President of the European Commission. Bloomberg | Bloomberg | Getty Images The European Union is working against time to create a program that can compete with President Joe Biden’s unprecedented climate subsidies. But he will face two key problems in the process. The EU had …
Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes Read More »
S&P 500 futures advanced late Wednesday as investors looked past the latest interest rate hike and comments from the Federal Reserve. Broad index futures added 0.4%. Nasdaq 100 futures gained 1%, helped by Meta stocks. Dow Jones Industrial Average futures were down 9 points, almost flat. Meta jumped more than 19% in extended trading after …
Nasdaq 100 futures rise, propelled by Meta stocks Read More »
Bitcoin and other cryptocurrencies were paused on Wednesday as traders awaited a key interest rate decision from the Federal Reserve. After the best January for Bitcoin in a decade, bad news from the central bank has the potential to start February on a bad note. The price of Bitcoin has risen less than 1% in …
Bitcoin pauses as crypto traders await Fed decision. Prepare for volatility. Read More »
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michel Loccisano | Getty Images Section said Wednesday its net loss was down year-over-year and for the third straight quarter, subscription revenue exceeded sales of the company’s connected fitness products. CEO Barry McCarthy called the results a possible …
Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the …
Gold demand hits 11-year high on ‘colossal’ central bank buying Read More »
A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy …
Central banks set to signal path of sliding interest rates in crucial week Read More »
Most dollar bonds issued by the Adani Group of companies gained for a second day on Wednesday after its flagship sold $2.5 billion worth of shares in a fully subscribed follow-on offering.The 2024 ratings of Adani green energy ltd. gained nearly 5 cents on the dollar to 80.9 cents as of 9:35 a.m. in Hong …
Most Adani bonds rebound after group shares sold for $2.5 billion Read More »
Traders on the NYSE floor Source: NYSE Stock futures fell Tuesday night as investors anticipated Wednesday’s Federal Reserve meeting. Futures contracts linked to the Dow Jones Industrial Average lost 48 points or 0.14%. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. The moves come after stocks surged to end January …
Stock futures fall as traders await latest Federal Reserve rate hike decision Read More »
Amazon’s corporate headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon has recommended that all employees in its Seattle office work from home, leaving much of downtown nearly empty of people. John Moore | Getty Images from Amazon More than 18,000 job cuts announced this …
Amazon layoffs hit workers in robotics, grocery, healthcare and AWS units Read More »