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Browsing Category
Economy
Stocks making the biggest moves midday: AMC, GameStop, Sony, Planet Fitness and more
Check out the companies making headlines in midday trading. Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. The…
Georgia passes ‘Russia-style’ law on foreign influence despite U.S. warnings and mass protests
Georgian demonstrators protesting the controversial "foreign influence" bill stand in front of law enforcement officers blocking an area near the parliament building in Tbilisi on…
Wholesale prices rose 0.5% in April, more than expected
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.The producer price index, a measure of what producers…
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot on Tuesday posted quarterly revenue below Wall Street's expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of…
‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC."It is gambling," he said Tuesday on CNBC's…
Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more
U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders' summit in Bali, Indonesia, on Nov. 14, 2022.Kevin Lamarque | ReutersThe Biden…
Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent beat analyst…
Genius or madness? Why Putin wants an economist to be Russia’s new defense minister at a key point in the war
Russian President Vladimir Putin walks past an honour guard as he attends a meeting with Cuban President Miguel Diaz-Canel in Moscow, Russia, May 9, 2024.Maxim Shemetov | ReutersA…
Malaysia won’t use interest rates to prop up the ringgit, says central bank deputy chief
Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank's deputy governor.Bank Negara's Adnan Zaylani Mohamad Zahid said the…
NRF rejects Shein membership as retailer pursues U.S. IPO
Chinese-founded fast fashion behemoth Shein isn't just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it's also trying to win over the…