Bhavin Bhagalia from London has just bought his first electric car. “I didn’t just want something that could get me from A to B, I wanted the entire travelling experience to be better,” he says. With that in mind he bought a Tesla Model 3. As well as its performance, Mr Bhagalia was attracted by […]
New York, NY — JPMorgan Chase has reportedly committed to push its clients to align with the goals of the Paris Agreement and work towards global net-zero emissions by 2050. Chase is by far the world’s biggest banker of fossil fuels, pouring more than $268 billion into the fossil fuel industry from 2016 to 2019. Today’s announcement did […]
Google will defend itself against Oracle’s charge that it stole code to build its Android operating system before the Supreme Court on Wednesday — and Ruth Bader Ginsburg’s absence may be pivotal in a ruling that could shake up Silicon Valley’s business model. The case is one of the first to be heard by the […]
Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize an economy recovery that was moving faster than expected, according to minutes released Wednesday from the central bank’s September meeting. The Federal Open Market Committee on Wednesday released minutes from its Sept. 15-16 meeting. The Fed’s policymaking arm held interest rates steady […]
Investor Peter Boockvar believes Wall Street is on the cusp of taking inflation more seriously. With the 10-year and 30-year Treasury Note yields trading around four-month highs, the Bleakley Advisory Group chief investment officer warns high inflation paired with slower economic growth, otherwise known as stagflation, is becoming a major risk. “A stagflationary-type environment, if […]
A long-awaited report from top Democratic Congressional lawmakers about the dominance of the four biggest tech giants had a clear message on Tuesday: Amazon, Apple, Facebook, and Google engage in a range of anti-competitive behavior, and US antitrust laws need an overhaul to allow for more competition in the US internet economy. “To put it […]
General Electric (NYSE:GE) said Tuesday it has been advised the Securities and Exchange Commission (SEC) is considering bringing a civil injunctive action against it for possible violations of security law. The SEC has been investigating GE’s accounting practices since the company’s January 2018 announcement that it was taking a massive charge following a review of […]
Investor Peter Boockvar believes Wall Street is on the cusp of taking inflation more seriously. With the 10-year and 30-year Treasury Note yields trading around four-month highs, the Bleakley Advisory Group chief investment officer warns high inflation paired with slower economic growth, otherwise known as stagflation, is becoming a major risk. “A stagflationary-type environment, if […]
The U.S. trade deficit surged in August to the largest in 14 years with imports climbing again, suggesting that trade could be a drag on economic growth in the third quarter. The Commerce Department said on Tuesday the trade deficit jumped 5.9% to $67.1 billion, the widest since August 2006. Economists polled by Reuters had […]
The U.S. Dollar often follows an interesting sequence in historical election years. Yet the question with this cycle is with so much going on due to the coronavirus, will the markets resort to similar tendencies this time around? As far as monetary and fiscal policies are concerned, the novel virus has made this a novel […]
SINGAPORE — Stocks in Asia-Pacific were higher on Tuesday as the Reserve Bank of Australia (RBA) kept its current policy settings on hold. Hong Kong’s Hang Seng index advanced 0.9% on the day to 23,980.65. In Japan, the Nikkei 225 rose 0.52% to close at 23,433.73 as shares of conglomerate Softbank Group jumped 2.41%. The […]
Oil prices surged more than 5% on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent crude rose $2.30, or 5.9%, to $41.57 a barrel. […]
