Numbers: U.S. job openings soared in April to a three-month high of 10.1 million, another sign the economy hasn’t cooled enough to prevent further interest rate hikes by the Federal Reserve. Economists polled by The Wall Street Journal predicted a total of 9.5 million job openings. The number of job openings is seen as a … Read more
My top 10 things to watch Wednesday, May 31 1. Last day of the month. The Republican-controlled House vote on the debt ceiling deal scheduled for Wednesday night, a day after the Rules Committee approved it. Senate controlled by upcoming Democrats. Default time of Monday. 2. Wall Street is expected to open lower after the … Read more
In its May Financial Stability Review released on Wednesday, the European Central Bank said the outlook for eurozone stability remained fragile following recent turmoil in the banking sector, which saw several U.S. regional banks fail. and the emergency takeover of Credit Suisse by UBS. The ECB report noted that the potential for “disorderly adjustments” in … Read more
Musk’s visit isn’t just about Tesla, but it’s a “political statement” calling for stability on both sides of the Pacific, an analyst says. Although Tesla’s strategy of cutting prices may attract grouse from some shareholders and investors, it’s the only way to survive in China’s “hypercompetitive” electric vehicle market. An aerial view of the Tesla … Read more
According to a Nomura report, less than 6% of US flights to and from mainland China that existed in 2019 have resumed. By contrast, flights between mainland China and Egypt, Saudi Arabia and Italy are almost back to pre-pandemic frequency or higher, the report showed, citing May 22 data from VariFlight. Last weekend, an Air … Read more
North Korea said its satellite slated for launch in June is “indispensable for tracking, monitoring, discriminating, controlling and responding in real time to dangerous US military acts”. Shares of South Korean defense firms Firstec and Victek rose 3.8% and 3.3% respectively on Tuesday afternoon, coming off a Monday holiday. Korea Aerospace Industries also edged up … Read more
The Turkish lira fell to new all-time lows on Tuesday, extending its slide. The currency last traded at 8:15 p.m. against the greenback. Previously, it touched 20.2 levels per dollar. People walking next to a Turkish national flag at the historic Grand Bazaar in Istanbul. Ozan Kose | AFP | Getty Images The Turkish lira … Read more
An hour ago Softbank shares slide nearly 4%, lead to losses on Topix Shares of Softbank Group fell nearly 4% on Tuesday, leading to losses on Japan’s Topix index. It comes after Softbank-owned chip designer Arm announced the rollout of new technology for mobile devices and Taiwanese smartphone chipmaker MediaTek Inc said it would use … Read more
Restaurants are expecting a sales boom this summer, but consumers are still concerned about inflation. Last year, restaurant sales in May, June and July were tepid as rising gas prices and worries about the economy weighed on consumers. About a third of consumers surveyed by Datassential plan to dine out less in the next month, … Read more
13 minutes ago Stocks in motion: CFF up 4.5%, Embracer Group down 7.3% Swedish real estate group SBB climbed to the top of the Stoxx 600 in afternoon trading, up 4.5%, after announcing it was exploring strategic options including a sale of the business or specific assets and segments. Shares of the company have fallen … Read more
