Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales
Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency." The parent of Instagram and Facebook (NASDAQ:META), which has fallen on hard times amid...
Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery
Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing steep weekly losses on fears of tighter U.S. monetary policy. International Energy Agency head Fatih Birol reiterated the agency’s...
Fully vaccinated people can travel on local trains from Aug 15
Maharashtra Chief Minister Uddhav Thackeray announced that fully vaccinated citizens of Mumbai can travel in local trains from August 15
Speaking in a live webcast, he said that those who have completed 14 days after their second dose of COVID-19 vaccine, can apply on a...
Global Food Security on The Edge as Russia Exits Grain Deal
How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a...
Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to...
Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook
Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude.
London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at...
Oil Heads For Fourth Straight Monthly Loss as OPEC Meeting Looms
Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with focus now turning to a potential supply cut by the OPEC next week.
London-traded Brent oil futures, the global benchmark, were flat...
Flu, Colds Increasing as COVID-19 Restrictions Are Eased: Here Are the Symptoms for Each Illness
Many health officials expect influenza and cold cases to increase this fall and winter as COVID-19 safety protocols are eased.Experts note many symptoms for the flu and COVID-19 are similar, including fever and body aches. However, breathing difficulty is more common with COVID-19.Health officials...
China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing...
Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap
Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data...