Tesla stock opens down after Musk debuts new model FOX Business’ Stuart Varney and Susan Li break down Friday’s market open. Tesla shares have shrugged off concerns surrounding a class-action shareholder lawsuit against CEO Elon Musk, rising nearly 4% in Monday's trading session. The suit alleges the billionaire pressured Tesla's board to approve the $2.6 billion acquisition of Solar City […]
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Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell more than 40% in June, according to CryptoCompare In June the price of bitcoin hit a monthly low of $28,908; a daily volume maximum of $138.2 billionwas down 42.3% from the intra-month high in May. Cryptocurrencies are in a summer slump as they navigate a two-month correction […]
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BEIJING (Reuters) – China’s iron ore imports fell to their lowest in 13 months in June as shipments declined, and analysts expect demand could continue to ease in the second half.FILE PHOTO: A man walks by an iron ore blending site at Dalian Port, Liaoning province, China September 21, 2018. REUTERS/Muyu XuThe world’s top iron ore consumer imported 89.42 million […]
Read more(Updates with chart, detail on 1H imports) SHANGHAI, July 13 (Reuters) – China imported 743,000 tonnes of meat in June, down 17% from the same month a year earlier, customs data showed on Tuesday, as weak domestic pork prices hit demand for imports. June meat imports were also down 5.8% from 789,000 tonnes in May. Meat imports in the first […]
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FILE PHOTO: The logo of Tsinghua Unigroup is seen in its office in Beijing, China, November 15, 2015. REUTERS/Kim Kyung-HoonHONG KONG/SHANGHAI (Reuters) – Alibaba Group Holding Ltd and Chinese state-backed firms are exploring bids for a stake in Unisplendour Corp, a cloud computing infrastructure firm, that could fetch as much as $7.7 billion, people familiar with the matter said. Chip […]
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Before the coronavirus pandemic reached Australia in March last year, 25-year-old Jakeb Fair loved his job as a creative at digital content production start-up Engage Digital. His day-to-day duties involved interviewing athletes to create engaging videos and graphics for online audiences. The University of Melbourne master’s graduate enjoyed the buzz of the company’s Collingwood office and thrived when bouncing ideas […]
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FRANKFURT (Reuters) -The European Central Bank will chart a new policy path at its next meeting to reflect its change of strategy and show it is serious about reviving inflation, ECB policymakers said on Monday.FILE PHOTO: The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, July 8, 2020. REUTERS/Ralph Orlowski/File PhotoAnnounced last week, the ECB’s new […]
Read more(Reuters) – European stocks fell slightly on Monday as investors sold economically sensitive sectors on worries that the spread of new coronavirus variants was stalling a global economic recovery.FILE PHOTO: The bull, symbol for successful trading, is seen in front of the German stock exchange in Frankfurt, Germany, February 12, 2019. REUTERS/Kai PfaffenbachThe pan-European STOXX 600 index slipped 0.1% after […]
Read moreKeystone Pipeline suing Biden admin, asking for $15B in damages Former White House International Economics Adviser Clete Willems breaks down the damage the company has endured – maintaining, regardless of the lawsuit’s outcome, that it will not be able to restore the pipeline. Dominion Energy and Warren Buffett's Berkshire Hathaway Energy have agreed to terminate a planned sale of Questar […]
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