Netflix has for years ignored the fact that many of us are mooching off our friends’ and families’ accounts. But the streaming king now appears to be reconsidering its look-the-other-way policy, a shift that comes as Netflix’s growth slows and its annual production budget for churning out new hits creeps ever higher. In other words, […]
As we first noted on Monday in “Hedge Funds Liquidate Oil Positions At A Near-Record Pace Amid Extreme Volatility”, and as Bloomberg writes today, “fund managers have shown signs of being cautious when it comes to energy stocks, the only major industry group in the S&P 500 with a positive return so far this year” […]
Steam rises from chimneys of a heating power plan over the skyline of central Moscow, Russia November 23, 2020. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register Russia temporarily stopped foreigners selling assets Foreigners now need to provide details before trading Applications for permits must be made in Russian language LONDON/NEW […]
Text size Alibaba stock notched its best-ever one-day gains on Wednesday. Qilai Shen/Bloomberg Investors in Chinese stocks, long-accustomed to pain, have just seen an astonishing turnaround. What comes next? Shares in Chinese tech giants Ali Baba (ticker: BABA) and JD.com (JD) both notched eye-watering gains on Wednesday, climbing 37% and 39%, respectively. It was, by […]
CHICAGO (WLS) — Millionaire businessman and ex-mayoral candidate Willie Wilson is donating $200,000 worth of free gas Thursday across Chicago. Starting at 7 am, each vehicle at participating gas stations can get $50 in gas pumped by volunteers until $200,000 is exhausted, as residents struggle with high gas prices. About 4,000 vehicles were expected to […]
Text size Alibaba stock notched its best-ever one-day gains on Wednesday. Qilai Shen/Bloomberg Investors in Chinese stocks, long-accustomed to pain, have just seen an astonishing turnaround. What comes next? Shares in Chinese tech giants Ali Baba (ticker: BABA) and JD.com (JD) both notched eye-watering gains on Wednesday, climbing 37% and 39%, respectively. It was, by […]
Photo: Toyota Toyota will slow production a little, Lamborghini is making 15 more Aventadors, and Ford. All that and more in The Morning Shift for March 17, 2022. 1st Gear: Toyota’s ‘Intentional Break’ Toyota released a statement on Thursday outlining its production plans for the next three months, and what it amounts to is more […]
China has locked down another major city in response to a spike in COVID infections. The entire world could be impacted by this one in a big way. That’s because Shenzhen, a city of 12.6 million that’s adjacent to Hong Kong in southeastern China, is a major hub for electronics manufacturing. Factories in Shenzhen produce […]
In US stocks pulled back one day after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries. Ticker Security Last Exchange Change % I: DJI DOW JONES AVERAGES 34088.79 +25.69 +0.08% SP500 S&P500 4364.47 +6.61 +0.15% I:COMP NASDAQ COMPOSITE INDEX 13444.173132 +7.62 […]
US stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war. The S&P 500 declined 0.4% in early trading, after the broad-market index closed more than 2% higher on the past two consecutive […]
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