Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level … Read more

Nasdaq closes lower as chipmaker Micron renews warning to beat tech

Micron falls on low revenue expectations Semiconductor stocks fall for the third session Novavax collapses after slashing revenue offer by half NEW YORK (Reuters) – The Nasdaq closed lower on Tuesday after a dismal outlook from Micron Technology Inc sent chip makers and tech stocks lower as investors await US inflation data that could prompt … Read more

Cryptoverse: Blockchain Bridges Fall into Troubled Water

Representations of cryptocurrency Bitcoin, Ethereum and Dash sinking into water in this illustration taken on May 23, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register August 9 (Reuters) – Another day, another hack and another blockchain bridge burns out. When thieves stole an estimated $190 million … Read more

Wall Street mixed amid fears of Fed tightening, Nvidia weighs

US Senate approves bill on climate change and drug costs Nvidia slipped as demand for games slipped into second-quarter revenue Tyson Foods retreated from a quarterly profit loss Palantir decreases due to the expected reduction Indices mixed: Dow Jones rose 0.14%, Standard & Poor’s, Nasdaq slip (Reuters) – U.S. stock indexes were mixed on Monday … Read more

SoftBank plans to cut jobs at Vision Fund after record net loss

SoftBank was in a bubble over ratings- son No Sacred Areas to Cut Costs – Brown SoftBank has exited its stake in Uber Announcing a share buyback of 400 billion yen TOKYO, Aug 8 (Reuters) – SoftBank Group Corp. (9984.T) On Monday, Chief Executive Masayoshi Son said the company was planning to cut staff at … Read more

China’s exports gain momentum but outlook is cloudy as global growth slows

China’s exports in July grow faster, beating expectations Imports are again disappointing, highlighting weak domestic demand The trade balance hit a record high in July Weak external demand is adding pressure to the economic and trade outlook BEIJING (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy as … Read more

Berkshire Hathaway lost $43.8 billion. Operating results improve

Berkshire Hathaway Chairman Warren Buffett walks into the exhibition hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan // File Photo Register now to get free unlimited access to Reuters.com Register Aug 6 (Reuters) – A slump in … Read more

US labor market defies recession fears as job growth picks up in July

Nonfarm payrolls increased 528,000 in July The unemployment rate fell to 3.5% from 3.6% in June Average hourly earnings are up 0.5%; 5.2% increase year over year Participation rate fell to 62.1% from 62.2% in June WASHINGTON (Reuters) – U.S. job growth unexpectedly accelerated in July, raising employment above its pre-pandemic level and pouring cold … Read more

Oil falls with dollar on recession fears; Wall Street ends mixed

Oil hits lowest level before Ukraine as demand outlook deteriorates The Bank of England predicts a recession throughout 2023 Treasury yield curve inversion deepened The dollar falls, the pound falls against the euro OTTAWA (Reuters) – Crude oil fell along with Treasury yields and the dollar on Thursday as recession fears escalated after the Bank … Read more

Wall Street closed mixed as investors eye jobs data

Indices: Dow Jones shed 0.26%, Standard & Poor’s shed 0.08%, Nasdaq shed 0.41%. Energy stocks fall as oil drops to pre-war level in Ukraine Eyes on Friday’s Non-Farm Payrolls Report (Reuters) – Wall Street’s main indexes closed mixed in a dull session on Thursday as gains in high-growth stocks offset losses in energy stocks, as … Read more