EU Energy Shock: Soaring Energy Prices Provoke Growing Anger across Europe
The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official.
Starbucks Stock Shows Relative Strength To S&P 500
Starbucks was working to print a bullish kicker candlestick, which could indicate higher prices.
Scholz Promises 65B Euros to Shield Germans Through Tough Winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
U.S. Officials Order Nvidia to Halt Sales of Top AI Chips to China
Bellwether semiconductor bluechip Nvidia Corp (NVDA) said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in the country.
JinkoSolar Shines In Latest Polysilicon Tie-Up, Brightening Industry Trends
JinkoSolar’s shares rise 5% after announcement of a new $70 million investment in domestic polysilicon maker Tongwei.
Student Loan Forgiveness in Hands of "Understaffed and Overcommitted" Agency
The implementation of President Biden's widespread, income-targeted student loan forgiveness is shaping up to be a bureaucratic challenge for the U.S. Department of Education.
Once High-Flying Chinese Tech Giants Now Look to Scale Back Costs
Alibaba and Tencent executives have been focusing on cutting costs across the business from headcount to exiting non-core businesses.
Fed Minutes Show More Rate Hikes Coming, but Pace Could Slow
According to the minutes of their July 26-27 policy meeting
Tesla Brisk At Giga Shanghai, Musk Offloads More Shares
Notwithstanding the broader market rally, electric vehicle stocks closed the week ending Aug. 12 on a mixed note.
Drought Threatens 60% Of Eu And U.K. As Europe Faces "Critical Situation"
Drought conditions are affecting about 60% of the EU and the U.K., exacerbated by climate-change driven record heat across Europe this summer, according to new research from the European Drought Observatory.
Elon Musk Predicts 'Mild Recession' For 18 Months, Says U.S. Economy Is 'Past Peak Inflation'
CEO Elon Musk has said that the U.S. recession is inevitable and will last for the next year and a half.
Japan’s Inflation Stays Above Central Bank Target for 3rd Month
Japan’s core consumer inflation remained above the central bank’s 2% target for a 3rd straight month in June
IBM's Cloud Strategy May Remind Investors of Microsoft's Comeback, but Cloud Industry Changed During That Time
International Business Machines (IBM) has redefined itself primarily as a cloud company.
Here's What Federal Reserve's Back-to-Back 75-basis point Interest Rate Hikes Mean in Practice
As we know, The Federal Reserve raised yesterday