World
Morgan Stanley cuts oil forecast, says traders are pricing in a demand slowdown similar to mild recession
After last week’s steep sell-off, oil prices suggest traders are pricing in a demand slowdown that is similar to a mild recession, according to a Morgan Stanley analysis. To be clear, Morgan Stanley’s economists anticipate a “soft landing” for the U.S. economy, saying it will exit 2024 “on fundamentally sound footing.” But there are some […]
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Oracle reports better-than-expected quarterly results; shares rise
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares rose 8% in extended trading on Monday after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates. Here’s how […]
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The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
As November’s Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, according to Bernstein. The flagship cryptocurrency has been stuck between $55,000 and $70,000 for most of the year — after reaching its all-time high in March — and is likely to remain in limbo until the U.S. determines […]
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Apple iPhone 16 event updates: Apple Watch Series 10, black Apple Watch Ultra 2, AirPods 4 announced
Updated AirPods Max announced with new colors, USB-C Apple announced updated AirPods Max with USB-C charging and three new colors, like orange, purple, and starlight. They’re still $549 and are available to order beginning Monday before they launch on Sept. 20. — Todd Haselton AirPods 4 announced Apple just announced the AirPods 4. Apple said […]
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Princess Kate says she’s completed chemotherapy treatment for ‘tough’ cancer journey
Catherine, Princess of Wales during the trophy ceremony for the Mens Singles Final at The Wimbledon Lawn Tennis Championship at the All England Lawn and Tennis Club at Wimbledon on July 14th, 2024 in London, England. Simon M Bruty | Getty Images Sport | Getty Images LONDON — Kate, the Princess of Wales, announced Monday […]
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Germany to work closely with neighbours in new controls, minister says
A policewoman from the Bavarian border police stops a vehicle at a checkpoint during a press event. Matthias Balk | Picture Alliance | Getty Images Germany will work closely with neighbouring countries in implementing temporary border controls, Interior Minister Nancy Faeser said on Monday, adding that it would keep the impact on border regions as […]
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The EU is a ‘monster,’ Dutch nationalist leader says, and it mustn’t have more power
The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Afp | Getty Images Dutch populist leader Geert Wilders has described the European Union as a “monster” that must not be given any more […]
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Battery maker Northvolt to cut costs, explore strategic partnerships
A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Swedish battery maker Northvolt said on Monday it would cut costs and look for strategic partners while focusing on its large-scale cell manufacturing as the company seeks to curb its rapid expansion. The announcement follows a major review of […]
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Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says
Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images The U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank’s forthcoming meeting remains hotly divided. Michael Yoshikami, CEO of Destination Wealth Management, said Monday that […]
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A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their […]
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