Economists expect inflation in May to continue to burn white, with rising costs for energy, food, rent and health care. According to Dow Jones, economists expect the consumer price index to rise 0.7% from 0.3% in April. On an annual basis, this would equate to a rate of 8.3%, the same rate as in April. …
Consumer price inflation in May is expected to be searing as energy, food and rents rise Read More »
Numbers: The United States added 390,000 stronger-than-expected new jobs in May, signaling that the job market and the economy in general are still strong despite some fraying around the edges. Economists polled by The Wall Street Journal had forecast a smaller increase of 328,000 new jobs after reports leading to the government jobs survey hinted …
Departure of Sheryl Sandberg Meta as one of the most prominent and successful women in tech – and after more than $1.7 billion in stock sales. Sandberg announced Wednesday that she was resigns from his role as chief operating officer after 14 years at Meta, formerly known as Facebook. Sandberg will remain on the social …
Sheryl Sandberg has sold $1.7 billion worth of Facebook stock over the past decade Read More »
Stocks rose on Thursday, with all three major U.S. indexes in the green after shaking off earlier losses. The S&P 500 gained 1.4%, while the technology-focused Nasdaq Composite gained 2.4%. The Dow Jones Industrial Average rose about 0.9%. Major stock indexes fell on Wednesday in a volatile trading session to start the month. Investors have …
A WeRide robotaxi with medical supplies heads towards Liwan District on June 4, 2021, in southern China’s Guangzhou city. Daily of the Southern Metropolis | Visual Group China | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology and companies want to cash in. It’s a …
Self-driving automakers’ first step to making money isn’t robotaxis Read More »
The stock market fell on Wednesday after continued strong economic data and the start of “quantitative tightening” from the Federal Reserve. The Dow Jones Industrial Average fell by 177 points, or 0.5%, while S&P500 fell 0.8%, and the Nasdaq Compound decreased by 0.7%. The shares attempted to rally in the afternoon but eventually stumbled at …
The last trading day of May is marked by weak stocks and soaring crude prices, climbing after the EU imposed a partial ban on imports of Russian oil following the country’s invasion of Ukraine. four months ago. This brings us to our call of the day from Goldman Sachs, which sees a nascent “there is …
Here’s what Goldman Sachs sees as the next big trade with no alternative Read More »
In the first four months of the year, investments in real estate development fell by 2.7% compared to a year ago. Pictured is a project in Qingzhou, Shandong province on May 15, 2022. CFOTO | Edition of the future | Getty Images BEIJING — The Chinese government is facing a growing cash crunch, analysts say, …
China faces a financing gap of nearly $1 trillion. He will need more debt to fill it. Read More »
In the first four months of the year, investments in real estate development fell by 2.7% compared to a year ago. Pictured is a project in Qingzhou, Shandong province on May 15, 2022. CFOTO | Edition of the future | Getty Images BEIJING — The Chinese government is facing a growing cash crunch, analysts say, …
China faces a financing gap of nearly $1 trillion. He will need more debt to fill it. Read More »
Nima Ghamsari, co-founder and CEO of Blend, speaks at the Sooner Than You Think conference in New York City on October 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief last week as the Nasdaq snapped a seven-week losing streak, its worst streak since the dot-com meltdown in 2001. …
Investors fearing recession continue to cut fastest growing cloud stocks Read More »
