Stitch Fix shares tumbled in extended trading Tuesday after the online styling service offered a weak outlook for its fiscal third quarter and slashed its forecast for the full year, as it struggles to grow its subscriber base. In its latest quarter, the company said it experienced challenges with onboarding new customers and converting clients. Stitch […]
Mohammad Barkindo, secretary general of OPEC, said Monday that in the face of skyrocketing energy prices the group’s mission remains to act as a reliable supplier. He said the oil-producing alliance has “no control over current events” and that geopolitics have now taken over and are “dictating the pace of the market.” Barkindo’s comments, made […]
The average price for a gallon of gasoline in the U.S. hit a new record high of $4.104 on Monday, surpassing the previous record of $4.103 set in 2008 according to data from GasBuddy. “Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious,” GasBuddy […]
There is a strong argument to be had regarding the future of blockchain technology, with the impact already rather clear to see in regard to cryptocurrency in general. Of course, one of the major selling points for many in regard to virtual currency is because of the various benefits that blockchain technology provides, however it […]
U.S. consumer borrowing saw an uptick in January, though at the slowest pace in a year, with households paying down credit card balances after the holiday shopping season, Bloomberg wrote Monday (March 7). Total credit increased by $6.8 billion from December, after a $22.4 billion revised gain then, according to Federal Reserve figures released Monday. […]
The national average price for gas has topped $4 a gallon for the first time in over a decade as gas costs continue to soar in the wake of Russia’s invasion of Ukraine. As of Sunday afternoon, the national average of a regular gallon of gas was $4.009, according to AAA. That’s up 8 cents […]
Oil prices continued to surge in Monday morning trade as the market reacted to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas. West Texas Intermediate crude futures, the U.S. oil benchmark, spiked nearly 9% higher to $126.05 per barrel. At one point […]
Rupee hits lifetime-low, tracking soaring oil prices and weak domestic equities The energy-sensitive rupee hit a lifetime low in early trading on Monday as a sharp surge in global crude oil prices to above $130 threatened to push up imported inflation and widen the country’s trade and current account deficits. The rupee was trading nearly […]
Tesla co-founder and CEO Elon Musk on Sunday said Europe must reboot its nuclear power stations for the sake of national and international security. “Hopefully, it is now extremely obvious that Europe should restart dormant nuclear power stations and increase power output of existing ones,” Musk tweeted. “This is *critical* to national and international security.” […]
Gas prices rose by an average of 15.8 cents a gallon on Friday across the U.S. and were up another 8 cents on Saturday – as the cost at the pump increased 33 cents over the last week. It was the second highest spike in gasoline prices ever recorded and beaten only by the 18.1-cent […]
Kyiv: Following Russia’s escalated bombardment of its neighbour Ukraine, President Volodymyr Zelensky today said he spoke to billionaire Elon Musk concerning the war, announcing that Ukraine will be receiving another batch of Starlink satellite broadband systems “for destroying cities” from Musk’s company SpaceX. The Ukrainian President also alluded to other potential space projects that could […]
The world’s two largest credit card and digital payment processors both announced Saturday (March 5) that they were suspending operations in Russia in response to its unprovoked attack on Ukraine. In separate but similar statements issued within minutes of each other by Visa and Mastercard, the two financial services giants both escalated original steps taken […]
