2/2 © Reuters. FILE PHOTO: The Maersk Line container ship Maersk Batam sails in the Bosphorus, on its way to the Mediterranean Sea, in Istanbul, Turkey August 10, 2018. REUTERS/Murad Sezer 2/2 By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022,…
Amazon’s 20-for-1 stock split was executed June 6, and the stock is trading higher as a result. But why? Aren’t stock splits meaningless? The answer is more complicated than you may think — especially if you’re an options trader. Let’s look at the different ways Amazon’s split will affect the options market. Cheaper to Hedge…
Navigating the Las Vegas Strip is a challenge for people trying to get from place to place. At times, traffic on The Strip and adjacent roads is gridlocked with vehicles trying to go in all directions. When not trying to travel in a vehicle, crowds of people are walking on Las Vegas Boulevard between casinos…
© Reuters. US Inflation Nearer 1980 Peak Than Thought, Summers Group Says (Bloomberg) — US inflation is running even closer today to its 1980 peak, fresh analysis of historical price data shows, suggesting that the Federal Reserve’s task of bringing price gains back to its target is tougher than previously thought. A group of economists…
After having to miss the past few days of her Platinum Jubilee due to health issues, Queen Elizabeth appeared on the balcony of Buckingham Palace on the last day of the celebration. Holly Williams has more from London.
Elon Musk is almost everywhere. Not a day goes by that he doesn’t tweet. When it’s not news about one of his multiple companies — Tesla (TSLA) – Get Tesla Inc Report, SpaceX, The Boring Company, Neuralink — he posts about politics, geopolitical affairs, or engages with his millions of followers on a variety of topics,…
Elon Musk took out his firefighter costume. Tesla (TSLA) – Get Tesla Inc Report CEO tries to put out the fire he himself started about the manufacturer of high-end electric vehicles. The billionaire entrepreneur sent an email on June 3 to Tesla employees in which he told them about cost-cutting measures in the face of the…
© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo By Kanishka Singh WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some…
© Reuters. Australia Inflation Accelerated Further From 5.1%, Chalmers Says (Bloomberg) — Australian consumer prices have accelerated from the 5.1% recorded in the first three months, Treasurer Jim Chalmers said, intensifying pressure on households and suggesting further interest-rate increases ahead. “It’s now really clear that the inflation challenge that Australians are facing is worse,” Chalmers…
© Reuters Treasury Yields Staring Down 3% Threshold Await CPI for Next Cue (Bloomberg) — The fate of the world’s biggest bond market is hanging largely on a single question: Has inflation in the US already peaked? Treasury yields have swung back at forth since last month as traders try to game out whether the…
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