LONDON/NEW YORK—The dollar rose against major peers on Wednesday, snapping three days of weakness, after U.S. consumer prices surged at their highest rate since 1990 and fuelled fears inflation could prove stickier than Federal Reserve expectations. The consumer price index rose 0.9 percent last month after gaining 0.4 percent in September and in the 12…
Dollar Climbs as US Inflation Rises Beyond Expectations
November 10, 2021
admin
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CompaniesDollareconomic policiesEconomieseconomyEuropeGold & CommoditiesinflationInternationalInvestmentMarket WatchMarketsMiddle EastUKUSUS NewsWorld
0 Comment
Stocks Slide, Dollar Gains as US CPI Sparks Tightening Fears
November 10, 2021
admin
Asia & PacificBusiness & EconomyBusinesses in COVID-19CompaniesCPIDollareconomic policiesEconomieseconomyEuropefearsGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsRegional-Local NewsstocksUKUSUS NewsWorld
0 Comment
NEW YORK/LONDON—A gauge of global stock markets edged lower and the dollar built on earlier gains on Wednesday after U.S. consumer inflation surged to its highest since 1990, raising concern the Federal Reserve will tighten monetary policy sooner than expected. Real yields on U.S. Treasuries slid to record lows and gold prices reversed course to…
Goldman Sachs Buys Troubled Chinese Real Estate Debt
November 10, 2021
admin
Business & EconomyChinaChina Business & EconomyEconomiesFinance & Business TiesGoldman SachsMarket WatchSpecial TopicsWall Street
0 Comment
Goldman Sachs is investing in Chinese real estate debt, despite being one of the most battered assets in the global financial markets today. The debt crisis and escalating default risks threatening China Evergrande Group, China Properties Group, and Sinic Holdings are creating enormous problems for the nation’s real estate sector. But the investment titan believes…
China’s Tech Crackdown Is Affecting Its Biggest Shopping Extravaganza
November 10, 2021
admin
Alibaba Group Holding LtdBusiness & EconomyChinaChina Business & EconomyEconomiesMarket WatchMarkets
0 Comment
China’s yearlong crackdown on the tech industry has turned Alibaba Group Holding Ltd.’s (NYSE: BABA) global shopping extravaganza Singles’ Day into a more low-key affair, Bloomberg reports. Alibaba now seeks to shift focus from increasing sales towards sustainability and philanthropy, the key pillars of Chinese leader Xi Jinping’s drive to reshape China’s economy. What Happened…
Stocks Stalled as Oil Fuels Inflation Nerves
November 10, 2021
admin
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksUKUSUS NewsWorld
0 Comment
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomiesEconomyEuropeGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksUKUSUS NewsWorld
SYDNEY—Asian stockmarkets were tugged lower by fresh concern about the solvency of China’s property developers on Wednesday, while a surging oil price added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift rates. Brent and U.S. crude futures extended gains into a fourth session, hitting two-week highs around $85…
Blue Apron Stock Falls on Q3 Miss, Gloomy Outlook
Blue Apron Holdings Inc (APRN) reported a third-quarter FY21 net revenue decline of 2 percent year-on-year to $109.65 million, missing the consensus of $120.40 million. Average Order Value rose 6 percent Y/Y to $62.30. Orders per Customer, and Average Revenue per Customer all showed strong growth compared to the pre-pandemic Q3 of 2019, despite modest…
CEVA Beats Q3 Backed by Edge Tech, Intrinsix Chip Design
CEVA Inc (CEVA) reported third-quarter FY21 revenue growth of 31 percent year-on-year to $32.8 million, beating the consensus of $31.2 million. Segments Licensing, non-recurring engineering (NRE), and related revenue increased 74 percent Y/Y to $21.6 million. Royalty revenue declined 11 percent Y/Y to $11.2 million. The Q3 saw 25 license agreements, including 13 with first-time…
AMC Entertainment Holdings Q3 Earnings Takeaways: 40 Million Moviegoers, Revenue Beat, and More
Movie theatre operator and popular retail stock AMC Entertainment Holdings Inc. reported third quarter financial results after market close Monday. Here are the key highlights for investors. What Happened AMC reported third quarter revenue of $755.6 million, beating a street consensus of $708.3 million. Revenue was significantly higher than the $119.5 million reported in the…
Tesla Shares Skid Again as Investors Brace for Possible Musk Stock Sale
Tesla Inc shares fell for a second straight day on Tuesday, as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk. The electric-car maker’s shares were recently down 11.6 percent at $1,026. They were on track to shed some $133 billion in market capitalization, far more than the…
AMD Wins Meta, Microsoft as Clients, Targets Nvidia With Processors
Meta Platforms Inc. (FB), or former Facebook, has chosen Advanced Micro Devices Inc.’s (AMD) EPYC chips, the chipmaker declared during its Accelerated Data Center Premiere event. The companies collaborated to develop a high-performance, power-efficient processor based on the company’s 3rd Generation EPYC processor. AMD also announced upcoming EPYC processors codenamed “Genoa” and “Bergamo,” taking at…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`