World
Australian markets set to fall ahead of closely watched interest rate decision
SINGAPORE — Stocks in Australia were poised to fall Tuesday ahead of a rate decision by the country’s central bank. Futures pointed to a lower open for Australian stocks. The SPI futures contract was at 7,299, as compared to the S&P/ASX 200’s last close at 7,347. Economic data in the day ahead includes Australia’s interest […]
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Atlassian co-CEO invests in Australian energy company to force it to go greener
Atlassian Co-CEO Mike Cannon-Brookes poses for a photo with Utah Jazz co-owners, Dwyane Wade and Ryan Smith during Round 1 Game 3 of the NBA Playoffs on April 21, 2022 at vivint.SmartHome Arena in Salt Lake City, Utah. Melissa Majchrzak | National Basketball Association | Getty Images Atlassian Co-CEO Mike Cannon-Brookes has taken an 11% […]
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Prime Minister Boris Johnson says the UK will build one new nuclear plant a year
As Europe looks to move away from dependence on Russian energy, U.K. Prime Minister Boris Johnson said nuclear power needs to play a larger role. Nuclear power is “absolutely crucial to weaning us off fossil fuels, including Russian oil and gas,” Johnson said during a visit to England’s Hartlepool nuclear power station on Monday. “Instead […]
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Warren Buffett’s energy bet tops $40 billion, a record for Berkshire Hathaway
Warren Buffett piled into the energy sector as he took advantage of “gambling in the market” to pick up established oil and gas players at attractive prices. Source
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10-year Treasury yield tops 3% for first time since 2018
U.S. Treasury yields continued their push higher on Monday, with the 10-year Treasury yield capturing a new milestone in its rapid climb in 2022. The yield on the benchmark 10-year Treasury note rose about 11 basis points to 2.994%, and hit a high of 3.01% during the session. The yield on the 30-year Treasury bond […]
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10-year yield punches through key 3%, but there’s a level that could be even scarier for stocks
The 10-year Treasury yield pushed through the 3% level, but strategists say there’s another slightly higher level that could be an even bigger test for stocks. Source
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Citi behind trade that caused brief European share plunge
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images The sudden fall in […]
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Warren Buffett wouldn’t buy ‘all of the bitcoin in the world’ for $25: ‘It doesn’t produce anything’
It doesn’t look like legendary investor Warren Buffett will be adding bitcoin to his portfolio any time soon. Asked Saturday at the annual Berkshire Hathaway shareholders meeting if he had changed his famously negative views on bitcoin or crypto, the 91-year-old investor didn’t mince his words. Buffett began his answer by saying that if all […]
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Here’s how you can prepare if there’s a half point rate hike from the Fed
Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]
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Shanghai’s Covid battle faces setback as Beijing focuses on mass testing
China’s commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new Covid-19 cases outside areas under lockdown, while Beijing pressed on with testing millions of people on a May Day holiday few were celebrating. Tough coronavirus measures in Shanghai have stirred rare public anger, with millions of the city’s 25 […]
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