NEW YORK—The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. The greenback hit a one-year high against a basket of other currencies last week as market participants ramped up…
Dollar Dips as Risk Sentiment Improves, Bitcoin Hits Record High
October 20, 2021
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Bitcoin Tops $60,000, Nears Record High, on Growing US ETF Hopes
October 15, 2021
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LONDON/HONG KONG—Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts. Cryptocurrency investors have been waiting for approval of the first U.S. ETF for bitcoin, whose recent rally…
Tesla Delivers Record 241,300 Vehicles in Q3, Beats Analysts’ Estimates
October 2, 2021
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Tesla Inc. said on Saturday it had delivered a record 241,300 electric cars in the third quarter, beating Wall Street estimates after Chief Executive Elon Musk asked staff to “go super hardcore” to meet targets. Analysts had expected the electric-car maker to deliver 229,242 vehicles, according to Refinitiv data. Tesla has weathered the chip crisis…
German Inflation Accelerates at Record Pace in September
BERLIN—German inflation accelerated at a record pace in September, data showed on Thursday, highlighting growing price pressures as Europe’s largest economy recovers from the pandemic and its companies grapple with supply shortages. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 4.1 percent year-on-year compared with 3.4…
Investors Watch US Companies’ Record Profit Margins as Costs Rise Further
September 23, 2021
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NEW YORK—U.S. companies have retained strong profit margins through the pandemic because they have cut costs and passed along high prices to customers. The question is: How long can this go on? With inflation still strong, the ability for companies to keep margins at record levels is being closely watched by some investors and strategists…
Australian Home Prices Jump Record 6.7 Percent in Q2
SYDNEY—Prices for Australian residential properties in the major cities climbed a record 6.7 percent in the June quarter versus the previous quarter amid super-low borrowing costs and strong demand for work-at-home property. Data out on Tuesday from the Australian Bureau of Statistics showed gains across the country, led by an 8.2 percent jump in Canberra…
Labor Day Weekend Helps AMC Outpace 2019 for First Time Amid Pandemic
By Entrepreneur Staff AMC announced Tuesday that Labor Day weekend gave the theater chain a much-needed bump: More people went to movies at AMC over the weekend this year than the same weekend in 2019. Labor Day weekend marked the first time AMC outpaced 2019 since the beginning of the COVID-19 pandemic. Notably, this year…
S&P 500, Nasdaq Hit Record Highs on Boost From Tech, Oil Stocks
The S&P 500 and Nasdaq hit record highs on Thursday on gains in heavyweight technology and energy companies, as well as hopes that the Federal Reserve will maintain an accommodative policy amid signs that an economic recovery was slowing. The energy sector rose 3.1 percent, with oil majors Exxon Mobil, Chevron Corp, Schlumberger NV, and…
Record 828 Illegally Cross English Channel in Single Day
A record number of people illegally crossed the English Channel on Saturday, according to Home Office figures, with at least 828 making the journey from France across the busy shipping lane in 30 small boats. Despite government promises to stem the flow of boats, which are often overloaded semi-rigid inflatables, this summer the numbers continue…
Belgium: Teenager Seeks to Break Women’s Solo Flight Record
KORTRIJK, Belgium—A Belgian-British teenager took to the skies Wednesday in her quest to become the youngest woman to fly around the world solo. With her parents looking on, 19-year-old Zara Rutherford took off from an airstrip in Kortrijk, western Belgium in gusty, overcast conditions. Rutherford is aiming to break the record set by American aviator…
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