Tag: travel

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Oil Seesaws as Iran Supply Worries Clash With Trade War Threat

Oil prices swing amid US-Iran tensions and trade war concerns. WTI and Brent futures settle in negative territory as worries about demand weigh.

Consumers Cut Spending in January, Signaling Potential Economic Weakness

Retail sales decreased in January 2024, indicating a potential slowdown in economic growth. Online outlets, sporting goods stores, and book stores experienced declines, while gas stations and food establishments saw gains. Despite inflation rising above the Fed's target, the producer price index showed some easing, and import and export prices increased.

Trump's Interest Rate Nightmare

President Trump's plans to lower interest rates hit a roadblock as long-term rates rise despite the Fed's cuts. This could worsen inflation and hurt consumers and businesses, testing Trump's authority and possibly leading to government intervention in rate-setting.

Tesla Stock Rallies Above 100-Day Moving Average, Buoyed by Positive Sentiment

Tesla's stock has rebounded above its 100-day moving average after a brutal stretch, but challenges remain amid declining sales in China, falling used car prices, and new tariffs.

Crypto Scam Revenues Hit Record High in 2024, Fueled by 'Pig Butchering' and AI

Crypto scam revenues surge to record high in 2023, fueled by 'pig butchering' scams and generative AI

GameStop Explores Cryptocurrency Investments Following CEO Tweet

GameStop explores crypto investments; stock rises on speculation

GameStop Stock Jumps on Crypto Rumors

GameStop explores crypto investments, sending shares soaring premarket

Saudi Crown Prince at Heart of Trump's Ukraine and Middle East Plans

Saudi Arabia's Crown Prince Mohammed bin Salman is at the center of US President Donald Trump's initiatives to end the Ukraine war and upend the Middle East order, hosting a potential Trump-Putin summit and navigating a controversial Gaza plan.

US Stocks Higher After Trump Reciprocal Tariffs Delay

US stocks rose on Thursday as investors digested a hotter-than-expected report on inflation and news that President Donald Trump plans to introduce reciprocal tariffs. The Dow Jones Industrial Average gained more than 0.7%, the S&P 500 added over 1%, and the tech-heavy Nasdaq Composite rose more than 1.5%.

Italy Pushes for Poste-Telecom Italia Deal to Counter Foreign Interest

Italy weighs domestic Telecom Italia alternative to counter foreign interest from CVC and Iliad