Samsung Electronics Co.Ltd. on Wednesday unveiled three new smartphones with advanced cameras, improved productivity, and more powerful batteries and storage — at prices comparable to a year ago. The new Galaxy S23 series costs from $799 to $1,199, the same range as the S22 range launched last year, and has a 200-megapixel camera for better … Read more
The OPEC logo is pictured at OPEC headquarters on October 4, 2022. Joe Clamar | AFP | Getty Images A technical committee of the influential coalition of oil producers OPEC+ made no recommendations to change the group’s existing production policy at its last meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, which … Read more
Gautam Adani, billionaire and chairman of the Adani Group, during an event at the Port of Haifa in Haifa, Israel, Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire has been rocked by allegations of fraud by the short seller Hindenburg Research, said his company would make more investments in Israel. Bloomberg | … Read more
Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University on January 30, 2023. Oli Scarf | Swimming pool Wpa | Getty Images The UK has formally outlined plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged over … Read more
A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and bank of england are all expected to raise interest rates again this week as they make their first policy … Read more
Here are Tuesday’s biggest calls on Wall Street: Barclays reiterates Apple as equal weight Barclays said it sees failure when Apple reports earnings on Thursday. “What started as production-driven cuts has turned into weak demand across all product categories. We are also concerned about slowing growth in services. With a 20% premium over at the … Read more
My top 10 things to watch Tuesday, January 31 1. Will the outperformance of speculative stocks continue? The worst market performers in 2022 – including crypto, SPAC and cloud software stocks – are among the biggest gainers in this year’s rally. Stay away. As I wrote on Sunday, I see this as a time to … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
Apple Inc. was saved in its latest earnings report by an unlikely hero, and the same dynamic could show up in the tech giant’s holiday earnings. mac posted record revenue of $11.5 billion it was more than $2 billion ahead of expectations in the September quarter, making up for a shortfall in Apple’s AAPL, -2.01% … Read more
