(Kitco News) Tesla and SpaceX CEO Elon Musk asked Twitter where inflation will be in a few years and advised how to invest when inflation is red-hot. Here’s his take. “What are your thoughts about probable inflation rate over next few years?” Musk asked the Twitterverse on Sunday. A very timely […]
Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan’s SoftBank and Singapore’s Temasek also joining as new investors in […]
A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images Shell’s board is being sued for […]
Intel processor chip for Samsung is seen in this illustration photo in Antalya, Turkey on December 06, 2019 Getty Images Intel announced Tuesday that it plans to invest over 33 billion euros ($36 billion) into boosting chipmaking across the European Union as the bloc looks to become more self-reliant when it comes to semiconductors. The […]
The Dow Jones Industrial Average rallied Tuesday ahead of the Federal Reserve’s two-day meeting. The Russia-Ukraine war, a steep market sell-off in China, and the probability of a Fed rate hike this week remain key focal points in the stock market today. Treasury yields held at their highest level since July 2019, while US oil […]
Oil prices and Chinese stocks slumped after Beijing imposed sweeping Covid-19 lockdowns, while US stock indexes opened higher ahead of the start of a cycle of interest-rate rises from the Federal Reserve. The S&P 500 rose 0.7% in early trading Tuesday, while the blue-chip Dow Jones Industrial Average was ahead 0.6%. The technology-heavy Nasdaq Composite […]
“Our cup is ubiquitous, and we love that,” said Michael Kobori, Starbucks chief sustainability officer. “But it is also this ubiquitous symbol of a throwaway society.” That’s because the cups are disposable. When they are thrown away, the cups end up in landfills or as litter in streets and waterways. Some might be recycled, but […]
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three weeks ago. For Tuesday, China’s COVID-19 worries and tensions with the US are adding to the mix, with equities wobbling, and […]
Wall Street’s main benchmarks were near breakeven in pre-market trading Tuesday after stocks closed mostly lower to start the week. Investors continued to monitor the Russia-Ukraine war and braced for a key monetary policy decision due out of the Federal Reserve Wednesday that could place short-term interest rates above near-zero levels for the first time […]
Here are your FOX Business Flash top headlines for March 14. Foxconn Technology Group, the biggest assembler of Apple Inc. iPhones, is in talks with Saudi Arabia about jointly building a $9 billion multipurpose facility that could make microchips, electric-vehicle components and other electronics like displays, according to people familiar with the matter. The Saudi […]
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