Stocks firm, dollar on edge ahead of Fed decision

Stocks firm, dollar on edge ahead of Fed decision

US wage growth slows, Wall Street recovers MSCI AxJ index up 0.6%; flat dollar All eyes on Fed announcement at 7:00 p.m. GMT SINGAPORE, Feb 1 (Reuters) – Asian stock markets stabilized on Wednesday as signs of a slowdown in U.S. wages bolstered hopes the Federal Reserve could hint at an end to interest rate … Read more

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net income of $56 billion for 2022, the company announced Tuesday, bringing in about $6.3 million per hour last year and setting not only a record for the company, but also an all-time high for the western oil industry. The oil majors are expected to … Read more

Goldilocks is back! Markets start 2023 in hot form

Goldilocks is back!  Markets start 2023 in hot form

LONDON, Jan 31 (Reuters) – From equities to government bonds, markets had one of their best starts to the year in decades, but how long the run hinges on a Goldilocks scenario of a slowing economy inflation, maintaining economic growth and lower borrowing costs. After $14 trillion was wiped from global shares in 2022, $4 … Read more

Column: Thermal coal prices in Asia fall as China and India buy less: Russell

Column: Thermal coal prices in Asia fall as China and India buy less: Russell

LAUNCESTON, Australia, Jan 30 (Reuters) – Asian marine thermal coal markets are losing steam, with prices and volumes falling as winter demand passes and the energy crisis in Europe eases. Prices for major traded grades of coal used in power stations fell to their lowest in months last week, and to their lowest in a … Read more

Asian stocks turn wary as rates rise and earnings loom

Asian stocks turn wary as rates rise and earnings loom

https://tmsnrt.rs/2zpUAr4 The Fed increased by 25 basis points this week, the ECB and the BOE by 50 basis points Tech giants top the list of results China shares share as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian stocks turned wary on Monday ahead of a week that is certain to see interest rates … Read more

Stocks, dollar gain on the pace of a Fed soft landing

Stocks, dollar gain on the pace of a Fed soft landing

Investors eye major central bank meetings next week Wall Street and major European stock markets end higher Dollar holds gains after US economic data Oil prices stabilize lower on stronger supply outlook NEW YORK, Jan 27 (Reuters) – Global stocks rallied and the dollar edged higher from an eight-month low on Friday as softer inflation … Read more

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Jan 25 (Reuters) – Tesla Inc. (TSLA.O) Aggressive price cuts have boosted demand for its electric vehicles, chief executive Elon Musk said Wednesday, downplaying fears that a weak economy could strangle buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit margins, … Read more

S&P 500 closes slightly in the red as weak business forecasts fuel recession fears

S&P 500 closes slightly in the red as weak business forecasts fuel recession fears

AT&T wins on subscriber additions General Dynamics slips after weak outlook Tesla and IBM release results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 closed nominally lower on Wednesday as a streak of corporate earnings stretched from bearish to dismal, reigniting concerns over … Read more

Morning auction: technological tonic, rethinking the recession

Morning auction: technological tonic, rethinking the recession

A look at the day ahead in the US and global markets from Mike Dolan. Inflated hopes for U.S. tech sector earnings in a busy week for corporate updates have generally paired with the latest sign that Europe may have dodged a winter recession. With Microsoft (MSFT.O) at the top of the reports of the … Read more

Lab-grown meat is getting closer to American plates

Lab-grown meat is getting closer to American plates

WASHINGTON, Jan 23 (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Cultured meat company executives are optimistic that meat cultured in huge steel tanks could be on the menu within months of a company getting the green light … Read more