business news

Shell to build ‘Europe’s largest renewable hydrogen plant’

On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will …

Shell to build ‘Europe’s largest renewable hydrogen plant’ Read More »

US bonds continue to flash recession warning signal

Market pros track the spread between longer-duration Treasury yields and shorter-duration yields, with the former typically higher. However, the 2-year Treasury yield climbed three basis points to 2.998% on Wednesday, holding above the 10-year. That so-called inversion, particularly if sustained, is often interpreted as a warning sign that the economy may be weakening, and a …

US bonds continue to flash recession warning signal Read More »

Samsung’s Q2 earnings ‘better than feared’ and spur chip stock rally

Samsung shares rose on Thursday, dragging Asian chipmakers higher after the South Korean technology giant posted “better than feared” earnings guidance for the second quarter. The numbers assuaged investors’ concerns about rising inflation, deteriorating consumer demand and higher material costs for semiconductor firms, though analysts cautioned that demand weakness may not have fully run its …

Samsung’s Q2 earnings ‘better than feared’ and spur chip stock rally Read More »

Euro continues to slide toward dollar parity — and could fall even further

A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $1.02 this week, continuing its slide to new 20-year lows and potential parity with the US dollar. The euro traded as low as $1,0165 on …

Euro continues to slide toward dollar parity — and could fall even further Read More »

Buy the dip in China markets despite Covid concerns: BOFA Securities

Short-term corrections in the Chinese stock markets can be a buying opportunity for investors, says a strategist from Bank of America Securities. Winnie Wu, a China strategist at the investment bank, acknowledged that there’s still a potential volatility from China’s evolving Covid situation, and there could be more bad news ahead if Covid cases rebound …

Buy the dip in China markets despite Covid concerns: BOFA Securities Read More »

Video game industry not ‘recession proof,’ sales set to fall in 2022

The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract …

Video game industry not ‘recession proof,’ sales set to fall in 2022 Read More »

European markets open to close, Fed minutes, data and earnings

LONDON — European stocks are expected to open higher on Thursday, building on gains in the previous session. The UK’s FTSE index is seen opening 71 points higher at 7,166, Germany’s DAX 91 points higher at 12,683, France’s CAC 40 up 51 points at 5,956, and Italy’s FTSE MIB 137 points higher at 20,955, according …

European markets open to close, Fed minutes, data and earnings Read More »

Indexes trade higher as investors react to Fed minutes

SINGAPORE — Asia-Pacific markets were mostly higher on Thursday as investors watch for market reaction to the latest Fed minutes. In South Korea, the Kospi advanced 1.83% after closing more than 2% lower on Wednesday, and the Kosdaq climbed around 1.43%. Samsung Electronics shares rose 3.19% after the company released earnings guidance for the second …

Indexes trade higher as investors react to Fed minutes Read More »

GameStop jumps in extended trading after announcing 4-for-1 stock split

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the …

GameStop jumps in extended trading after announcing 4-for-1 stock split Read More »