Jan 17 (Reuters) – Microsoft Corp (MSFT.O) plans to cut thousands of jobs and some positions are expected to be cut in the human resources and engineering divisions, media reports said on Tuesday. The expected layoffs would be the latest in the US tech sector, where companies like Amazon.com Inc (AMZN.O) and Meta Platforms Inc … Read more
Euro STOXX 600 down 0.2% China’s growth in 2022 is one of the worst in nearly 50 years Asian stocks slip 0.4% Yen close to 7-month highs LONDON, Jan 17 (Reuters) – Shares tumbled on Tuesday after China’s 2022 growth slump, halting their New Year’s rally and keeping investors on edge for the risk of … Read more
Jan 17 (Reuters) – Bitcoin is in charge in 2023, dragging the crypto market to the ground and electrifying bonk, a new meme coin. The No. 1 cryptocurrency posted a 26% gain in January, surging 22% in the past week alone, climbing back above the $20,000 level and setting itself on course for its best … Read more
BOJ under heavy pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More profits to come, many central bank speakers Britain’s FTSE flirts with a record SYDNEY/LONDON, Jan 16 (Reuters) – Stocks firmed on Monday as optimism over corporate earnings and the reopening of China feared the Bank of … Read more
JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of … Read more
WASHINGTON, Jan 13 (Reuters) – The U.S. Department of Energy said on Friday it would lend ioneer Ltd (INR.AX) up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden’s plan. develop a domestic supply chain of electric vehicles. Shares of Ioneer rose 16.3% … Read more
Tesla cuts prices in the US and Europe by up to 20% Steady cost inflation behind German cuts – spokesperson Stocks fall in pre-market US trading The move follows price cuts in Asia last week. Some models now benefit from US credits, French subsidy Jan 13 (Reuters) – Tesla (TSLA.O) has cut prices for its … Read more
Peak of the COVID wave observed for 2 to 3 months – epidemiologist Older people in rural areas particularly at risk People’s mobility indicators are picking up, but not yet fully recovering BEIJING, Jan 13 (Reuters) – The peak of the COVID-19 wave in China is expected to last two to three months and will … Read more
Two billion trips expected for Lunar New Year The virus is spreading from cities to vulnerable villages WHO says China’s response challenged by lack of data China’s grand reopening spoiled by Japan and Korea spat BEIJING, Jan 12 (Reuters) – People in China on Thursday worried about the spread of COVID-19 to elderly relatives as … Read more
Jan 11 (Reuters) – Shares of Bed Bath & Beyond (BBBY.O) surged on Wednesday as individual investors crowded in, extending the stock’s rebound from the multi-decade lows hit last week and reigniting a rally in other meme actions. Among the top three companies listed on Fidelity’s retail platform, Bed Bath & Beyond jumped 69% during … Read more
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