business news
U.S., Japan agree to address currency, economic impact of Ukraine war
Japanese Finance Minister Shunichi Suzuki shaking hands with US Treasury Secretary Janet Yellen at the latter’ office in Tokyo on July 12, 2022. U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address rising food and energy prices exacerbated by Russia’s […]
Read More
Singapore’s state-owned investor Temasek reports record portfolio value
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE — Temasek Holdings reported Tuesday that the net value of its portfolio grew to $286.48 billion (403 billion Singapore dollars) at the end […]
Read More
Chinese EV maker XPeng’s robotics arm raises $100 million to bring robots to households in 2 years
XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics. Qilai Shen | Bloomberg | Getty Images XPeng Robotics, the affiliate company of Chinese electric carmaker XPeng, on Tuesday said it raised $100 million as part of its […]
Read More
With tanks and artillery, Russia intensifies attacks on east Ukraine; gas supply concerns deepen as pipeline is shut down
Russian forces are making incremental gains in Donetsk as they regroup, UK says Russian troops continue to make small, incremental territorial gains in the Donetsk region of the Donbas, with Russia claiming to have seized control of the town of Hryhorivka, Britain’s Ministry of Defense said Tuesday. Russian forces also continue their assault along the […]
Read More
Elon Musk says it’s time for Trump to ‘sail into the sunset’
President Donald Trump talks with Tesla and SpaceX CEO Elon Musk at Trump Tower last February. Evan Vucci | AP Tesla and SpaceX CEO Elon Musk said Monday that he thinks former President Donald Trump should, “hang up his hat & sail into the sunset.” Writing on Twitter, where Musk has more than 100 million […]
Read More
UN expects India to surpass China as the world’s most populous country in 2023
A photo shows a view from Chhatrapati Shivaji Maharaj Terminus as Indian people waiting for local trains, in Mumbai, India, Tuesday, July 09, 2022. Anadolu Agency | Getty Images UNITED NATIONS — The U.N. projects in a new report that India will replace China as the world’s most populous country next year. According to the […]
Read More
Charts suggest the market is poised for an August rebound, Jim Cramer says
CNBC’s Jim Cramer on Monday said that the market could have a strong rally through late August, pointing to analysis from legendary market technician Larry Williams. “The last time we spoke to him about the broader averages in late May, he predicted that after some choppy trading the market would have a strong rally through […]
Read More
Cramer’s lightning round: I can’t approve Bath & Body Works if it’s in the mall
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
Read More
Jim Cramer says the market could see ‘pleasant surprises’ going forward
CNBC’s Jim Cramer on Monday said that most of the sellers have already left the market, meaning that the turbulence in stocks could ease up. “To me, this mad scramble to get out ahead of the negativity is a sign that the bad news … is mostly baked in,” he said. “Everybody’s scrambling to get […]
Read More
Gap CEO Sonia Syngal is stepping down, effective immediately
Sonia Syngal, president and chief executive officer of Old Navy Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., on Tuesday, Oct. 22, 2019. Sarah Silbiger | Bloomberg | Getty Images Gap CEO Sonia Syngal is stepping down, effective immediately, the company announced on Monday, as the apparel retailer battles supply chain […]
Read More