SYDNEY (Reuters) – U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession. The outlook darkened further when a key measure of Chinese manufacturing activity disappointed for May, questioning the […]
SAN FRANCISCO/BENGALURU (Reuters) – Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company. Revenue of $3.1 billion matched the high end of the range Uber forecast […]
SAN FRANCISCO/BENGALURU (Reuters) – Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service’s forecasts. Revenue of $3.1 billion matched the high end of the range Uber forecast for the quarter and the loss […]
(Reuters) – NBCUniversal and WarnerMedia on Thursday joined a wave of U.S. media companies, including Walt Disney Co, saying they will reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect. Georgia is one of nine U.S. states that have passed strict new limits on abortion […]
(Reuters) – General Motors Co said on Thursday it would invest $24 million to increase truck production at its assembly plant in Fort Wayne, Indiana, which makes Chevrolet Silverado and GMC Sierra models. “We are building Chevrolet and GMC crew cab pickups at record volume and mix levels to meet customer demand and the $24 […]
(Reuters) – Wall Street opened slightly higher on Thursday, taking a breather from a trade tension-driven selloff that has knocked more than 5% off the value of major stock indexes since the start of May. The Dow Jones Industrial Average rose 13.53 points, or 0.05%, at the open to 25,139.94. The S&P 500 opened higher […]
Once retirement was something to look forward to. But now it seems the dreams of long holidays, taking up golf or just relaxing could become a thing of the past. A shocking three-quarters of us expect to continue working beyond the age of 65, a fifth think we will not retire until we hit 75. […]
Let’s face it: Bonds are boring. Usually, stock markets are the source of hyperventilation and headlines. But right now, all the action is in the bond market. It is sending powerful signals that there’s economic trouble ahead for the United States economy. They’re powerful enough, in fact, that they’re even rattling the parts of Wall […]
A number of commentators, this one included, have begun to fret about the apparent repetition of the behaviour which led to the Great Recession; in particular the cycle of public spending, but also the rapid rise in property prices. All very unscientific of course, but the pattern of boom and bust is well-established and, on […]
For the fourth straight year, American Express topped up an industry-leading survey on credit card satisfaction among consumers in Singapore, reinforcing the brand’s commitment to delivering world-class service to its cardholders. The J.D. Power Singapore Credit Card Satisfaction Study – is an industry benchmark that measures customer satisfaction with the products and services provided by […]