Browsing Category
USA
Taiwan Reprimands Elon Musk After Controversial Statement About China
A statement by Tesla and X CEO Elon Musk about Taiwan has caused bad blood among the authorities of the island state.
In a podcast, the multi-billionaire had compared Taiwan to the US state of Hawaii, saying the former is "an…
Read More...
Read More...
Strict EU Rules for Six Inevitable Big Tech Companies
Alphabet (Google), Apple, Amazon, Facebook owner Meta, Microsoft and TikTok parent ByteDance are subject to strict European Union rules.
Six big tech companies are so big and powerful that they serve as gatekeepers for services…
Read More...
Read More...
Idalia Weakened to Category 2 Hurricane, More Than 230,000 People in Florida are Without Power
Idalia landed on the west coast of Florida around 8 a.m. on Wednesday as a Category 3 hurricane. The hurricane has now weakened to category II, with wind speeds up to 180 kilometres per hour.
According to CNN, Idalia is the most…
Read More...
Read More...
US Trade Minister Points to the Importance of Predictable Rules in China
US companies need more predictable regulation in China. That's what US Secretary of Commerce Gina Raimondo said at the end of her three-day visit to the country. The minister spoke with political and business leaders in China to improve…
Read More...
Read More...
Relief Dominates New York Stock Exchanges After Powell’s Speech
The stock exchanges in New York ended with gains on Friday. Investors reacted with relief to the long-awaited speech by Fed boss Jerome Powell.
In that speech, he emphasized that inflation is still too high and that the Federal…
Read More...
Read More...
Foot Locker Fell Sharply on the Stock Exchanges in New York
Foot Locker fell sharply on the stock exchanges in New York on Wednesday. The American sports shoe chain saw sales decline in the past quarter. The company also lowered its full-year profit forecast again.
Due to the high inflation…
Read More...
Read More...
Wall Street Bounces Back From Worst Trading Week Since March
Stock markets in New York rebounded somewhat on Monday after last week's price losses. The leading Dow-Jones index even had its worst stock market week since March this year. The new week started quietly on Wall Street.
Investors…
Read More...
Read More...
Walmart Rises Slightly on Recovering Wall Street After Numbers
After its quarterly results, Walmart, one of the world's largest supermarket groups, has risen slightly on the New York stock exchange. The retail company posted more turnover and profit last quarter than analysts and investors expected.…
Read More...
Read More...