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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…
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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…
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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…
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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.…
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X, Formerly Known as Twitter, Plans to Add Video Calling as a Feature
X, the messaging app formerly known as Twitter, plans to add video calling as a feature in the future, says new CEO Linda Yaccarino. It's the first step in owner Elon Musk's well-known strategy to transform X into an app for everything.…
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Janet Yellen: China’s Slower Economic Growth Will Also Hit US
Slower economic growth in China will also affect the United States economy. That is what US Treasury Secretary Janet Yellen said. According to her, neighbouring countries of China will be most affected by the ailing recovery of the Chinese…
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iPhone Maker Foxconn Expects to Sell Less This Year
Foxconn, one of the world's largest electronics manufacturers and the maker of Apple's iPhones, expects sales to be lower this year than last year. The Taiwanese company, formally Hon Hai Precision Industry, previously counted on the same…
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US Regulator Investigates Deadly Tesla Accident in Virginia
The US traffic regulator will investigate a fatal accident with a Tesla last month in Virginia. It is suspected that the driver used technology to assist in driving.
The accident caused a Tesla Model Y to collide with the trailer…
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