United States
GM’s quarterly sales fall but show improvement from beginning of year
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15% in the second quarter from a year ago as the automaker continues to battle supply chain issues, but showed improvement from […]
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Massive pile-up of cars, auto parts, Ikea exports bound for U.S. due to European port labor strife
Labor slowdowns and strikes at the German and Netherland ports are creating a massive pile-up of export containers bound for the U.S. that will take months to clear out. According to the bills of lading found through ImportGenius, some of the items that are exported out of these ports are critical components to the auto […]
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The S&P 500 just had its worst first half in more than 50 years, which ‘stressed’ this classic investment strategy
Stock trader on the floor of the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images The S&P 500 Index, a barometer of U.S. stocks, just had its worst first half of the year going back over 50 years. The index fell 20.6% in the past six months, from its high-water […]
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Russia says iron curtain is ‘already descending’; Biden pledges to stick with Ukraine for ‘as long as it takes’
Russian trial for American basketball player Brittney Griner begins American basketball player Brittney Griner (pictured here at the Tokyo 2020 Olympic Games) was accused by Russian authorities of having cannabis oil in her luggage and smuggling the narcotic material, a crime that could draw a 10-year jail sentence. Jean Catuffe | Getty Images American basketball […]
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Forget rate hikes, these analysts are predicting interest rate cuts next year
Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path of aggressive rate hikes — but not everyone is expecting this approach to last. The […]
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Morgan Stanley loves these 9 global stocks trading at ‘significant’ lows
Analysts at Morgan Stanley have identified several global stocks they say are trading at prices significantly lower than their 12-month highs. Source
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Former top Apple lawyer pleads guilty to insider trading
Gene Daniel Levoff, a former lawyer in charge of Apple Inc.’s insider trading policy, exits from federal court in Newark, New Jersey, U.S., on Wednesday, Feb. 20, 2019. Natan Dvir | Bloomberg | Getty Images The former top corporate lawyer at Apple pleaded guilty on Thursday to insider trading charges, for what prosecutors called a five-year […]
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Natural gas drops 16%, posts worst month in more than three years
A liquid natural gas (LNG) tank. Artinun Prekmoung / Eyeem | Eyeem | Getty Images U.S. natural gas futures plunged below $6 per million British thermal units on Thursday, after an inventory report showed a larger-than-expected storage build, sparking fears of an oversupplied market. Henry Hub futures declined 16.53% to settle at $5.42 per million […]
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GM, Ford rising, Tesla falling in EV ‘car wars’ in U.S., Bank of America analyst says
DETROIT – It’s the beginning of the end for Tesla’s dominance of the U.S. electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla’s domestic share of the EV market is expected to decrease from 70% or more in recent years to […]
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U.S. takes enforcement action against trust over interest held by Russian oligarch
Russian billionaire, businessman and Council of the Federation Member Suleyman Kerimov attends a meeting on April 14, 2021 in Russia. Mikhail Svetlov | Getty Images The United States on Thursday took enforcement action imposing restrictions against Delaware-based Heritage Trust on the grounds that sanctioned Russian oligarch Suleiman Kerimov holds a property interest, the Treasury Department […]
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