United States
Oil slides more than 8% as Shanghai lockdown prompts demand fears
Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 8% at the lows of the day on Monday as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the U.S. oil benchmark, slipped 8.25% to trade at $104.50 per barrel. International benchmark […]
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XPeng shares jump after the Chinese EV automaker posts narrower-than-expected quarterly loss
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. XPeng said that it lost $202 million in the quarter, or $0.22 on an […]
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How this risky strategy can leave retail investors vulnerable
“The idea that I used social media to promote GameStop stock to unwitting investors and influence the market is preposterous,” Keith Gill told Congress. Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — testified in front of the U.S. House of Representatives’ Committee on Financial Services in February 2021. He […]
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Elon Musk says he’s considering building a new social media platform
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Elon Musk said he is giving “serious thought” to building a new social media platform in a Tweet on Saturday. […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei’s annual report released Monday is the first high-profile corporate event CFO Meng Wanzhou has led since returning to China from Canada after a nearly three-year extradition battle with the U.S. David Ramos | Getty Images News | Getty Images Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued […]
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Biden’s job approval rating hits lowest point of his presidency as most Americans think the U.S. headed in the wrong direction
U.S. President Joe Biden reacts at the House Democratic Caucus Issues Conference in Philadelphia, Pennsylvania, March 11, 2022. Jonathan Ernst | Reuters President Joe Biden’s job approval ratings keep falling in his second year in the White House, with just 40% of Americans approving of the job that he is doing, a new NBC News […]
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Xi’s gamble on Putin may be the most dangerous and short-sighted of his nine years in power
It becomes clearer every day that Chinese President Xi Jinping’s decision to double-down on his “no limits” strategic bromance with Russian President Vladimir Putin, just days before the Russian dictator launched his war in Ukraine, marks the most dangerous and short-sighted gamble of his nine years in power. If Europe’s bloodiest conflict since World War II […]
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U.S. envoy not confident Iran nuclear deal is imminent
A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility. ATTA KENARE | AFP via Getty Images U.S. Special Envoy for Iran Robert Malley said on Sunday he was not confident that a nuclear […]
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Blinken says U.S. is not seeking regime change; Russia may be trying to encircle troops in east Ukraine
Blinken: U.S. does not have a strategy of regime change in Russia US Secretary of State Antony Blinken speaks after viewing the “Burma’s Path To Genocide” exhibit at the United States Holocaust Memorial Museum in Washington, DC, March 21, 2022. Kevin Lamarque | AFP | Getty Images U.S. Secretary of State Antony Blinken says the U.S. has […]
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