Posts with tag: travel
Investors are bracing for a weaker pound as the Bank of England's policy decision highlights concerns about UK economic growth. Despite a slight recovery, sterling remains the weakest among G-10 currencies, with experts predicting further interest rate cuts and a potential drop to $1.19.
Published on: February 07, 2025, 01:04 PM UTC
Skyworks Solutions (SWKS) stock plunged 25% after Apple shifted some orders to Broadcom (AVGO), reducing demand for Skyworks' iPhone chips.
Published on: February 07, 2025, 01:03 PM UTC
Markets swing on Trump's unpredictable tariff threats, with currencies of Canada, Mexico, and the Eurozone taking a hit. China remains relatively unaffected.
Published on: February 07, 2025, 12:04 PM UTC
Elon Musk's elevated status in Washington is boosting Wall Street's confidence in him and his social media platform, X. Banks recently sold $5.5 billion in debt tied to Musk's 2022 Twitter buyout at a higher-than-expected price. This signals an improved view of X and represents a fortunate turn of events for banks holding the debt.
Published on: February 07, 2025, 12:03 PM UTC
VW's SEAT faces output cuts and layoffs if EU doesn't lower China-made EV tariff by March. The additional 20.7% duty is costing the company hundreds of millions of euros and jeopardizing its financial targets.
Published on: February 07, 2025, 12:00 PM UTC
Dow Jones, S&P 500 and Nasdaq futures were subdued Friday as investors awaited key January jobs report and Amazon shares fell on weak forecasts and cloud computing unit.
Published on: February 07, 2025, 11:01 AM UTC
Tesla's China-made EV sales fell 11.5% in January, while rival BYD surged 47.5% year-over-year despite a monthly decline.
Published on: February 07, 2025, 10:00 AM UTC
January's jobs report is expected to show hiring slowed to start 2025 while the unemployment rate remained flat at 4.1%. Economists expect non-farm payrolls to have risen by 170,000, below December's 256,000 gain. Despite the slowdown, the labor market remains strong with job openings still high and layoffs low.
Published on: February 07, 2025, 09:02 AM UTC
Elon Musk's position in the Trump administration has led to declining public support, with a significant drop among Republicans. Despite this, Musk's disruptive approach to government efficiency has made him both supporters and detractors, with legal challenges mounting against his actions.
Published on: February 07, 2025, 09:01 AM UTC
Norinchukin Bank increases investments in risky loans and seeks additional capital after wrong-way bets on low-yielding foreign bonds lead to wider losses.
Published on: February 07, 2025, 09:01 AM UTC