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Tesla Is Lapping Germany’s Automakers in the Global EV Race

Jennifer DuBois -
(Bloomberg) -- Germany’s automakers announced bold plans the last several years to shift to electric cars and challenge Tesla Inc.’s dominance. Instead, they’re...
Business

Posco Stock Jumps Most Ever on Bumper Profit and EV Battery Bets

Jennifer DuBois -
(Bloomberg) -- Posco Holdings Inc. shares jumped as much as 24% on Monday, the most on record, extending a July rally on strong...
Business

Asian Stocks Mixed in Big Week for Central Banks: Markets Wrap

Jennifer DuBois -
(Bloomberg) -- Stocks in Asia were mixed at the start of a week filled with central bank policy decisions, while Chinese investors continued...
Business

Hedge Funds Brawl Over Battered Commercial Real Estate

Jennifer DuBois -
Hedge Funds Brawl Over Battered Commercial Real Estate Source link
Business

Oil Drops as Likely Fed Hike Weighed Against Tightening Market

Jennifer DuBois -
(Bloomberg) -- Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a...
Business

China’s Top Leaders Likely to Disappoint on Big Bang Stimulus

Jennifer DuBois -
(Bloomberg) -- China’s top leaders will fail to deliver big-bang stimulus for the weakening economy this week, economists say, disappointing financial markets seeking...
Business

Chevron Waives Retirement Age for CEO Mike Wirth

Jennifer DuBois -
Chevron Waives Retirement Age for CEO Mike Wirth Source link
Business

Bitcoin reclaims US$30,000, Ether gains, Cardano leads winners as top 10 crypto rise

Jennifer DuBois -
Bitcoin rose in early Monday morning trading in Asia to reclaim the US$30,000 support level, but later retreated. Ether moved higher to near...
Business

The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff

Jennifer DuBois -
Commodity and energy trader Vitol Group made net profits of $15.1 billion in 2022, per Bloomberg.Its 3,300 employees were paid an average of...
Business

Chevron’s $6 billion second-quarter profit tops analysts’ outlook

Jennifer DuBois -
By Sabrina ValleHOUSTON (Reuters) - Chevron Corp's second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth...
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