Newsfeeds Archive - Page 79 of 97

2 minute read

US Said To Be Nudging OPEC+ To Avoid Big Output Cuts: Why It Matters For Biden And Democrats

October 4, 10:29 PM

The United States is nudging the Organization of the Petroleum Exporting Countries and its allies, known as the OPEC+ nations, to avoid significant oil output cuts when President Joe Bid

BNO

2 minute read

This Chipmaker Plans To Invest $100B In New York To Create Cutting Edge Memory Tech — And 50,000 Jobs

By Bhavik Nair

October 4, 9:35 PM

U.S.-based chip-manufacturer Micron Technology, Inc. (NASDAQ: MU) has plans to invest up to $100 billion over the next 20 years to construct a new mega fab in Clay, New York, with the first phase investment of $20 billion planned by the end of this decade.

INTC

1 minute read

Have Bonds Turned Attractive? This Canadian Pension Fund Giant Certainly Thinks So

By Bhavik Nair

October 4, 4:26 AM

The Ontario Teachers’ Pension Plan, one of Canada’s largest pension funds, is reportedly increasing its exposure to bonds, citing yields that have turned attractive following the

AMZN

2 minute read

Russia-Owned Energy Giant Strikes Natural Gas Deal With Pro-Putin Hungary After Stopping Supply To Italy

By Bhavik Nair

October 4, 12:47 AM

Russian energy giant Gazprom PJSC (OTC: OGZPY) will reportedly permit Hungary to delay payments for natural g

FCG

2 minute read

Ray Dalio No Longer Believes Cash Is Trash: ‘When Facts Change, I Change My Mind’

By Bhavik Nair

October 3, 10:33 PM

Ray Dalio, billionaire investor and founder of Bridgewater Associates, has quoted legendary economist John Maynard Keynes to express what he feels about cash as an asset in the current econ

TFLO

2 minute read

Cathie Wood Keeps Faith In Tesla With $32M Stake Buy As Shares Drop Nearly 40% This Year

By Bhavik Nair

October 3, 9:02 PM

Cathie Wood-led ARK Investment Management has bought over 132,000 shares of Tesla Inc.

ARKK

1 minute read

British Pound Sees Relief Rally As PM Truss Ditches Tax Cuts For Super-Rich

By Bhavik Nair

October 3, 4:17 AM

The United Kingdom Prime Minister Liz Truss has dropped a plan to reduce taxes for the highest earners, giving some much-needed respite for the battered pound.

FXB

2 minute read

‘Big Short’ Investor Michael Burry On How Current Market Differs From Dot-Com Bubble Burst: ‘Only Way Out Is By Trampling Each Other’

By Bhavik Nair

October 3, 1:31 AM

Legendary investor Michael Burry, who famously bet against the housing market in the run-up to the 2008 financial crisis, is known to be skeptical about passive investing.

SPY

2 minute read

Alibaba, JD Fall: No Respite For Hang Seng As Pessimism Continues On Wall Street

By Bhavik Nair

October 2, 11:02 PM

Hong Kong shares opened in the red on Monday morning, taking cues from Friday’s Wall Street decline where major indices fell 1.5%. The benchmark Hang Seng fell 1% in opening trade.

BABA

2 minute read

Oil Jumps Over 3% As OPEC+ Meet Eyed: Analysts Say This Is The Bare Minimum Supply Cut For Markets To Care

By Bhavik Nair

October 2, 10:02 PM

Oil prices soared over 3% on Monday morning in Asian trade after reports indicated the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are likely to consider an output cut of over a million barrel

BNO