BANGKOK (AP) — Asian shares were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street. Hong Kong jumped 2.6% after reopening from Lunar New Year holidays. Shanghai remained closed. Tokyo and Seoul advanced while Sydney was lower. Other regional markets…
By Davide Barbuscia and David Randall NEW YORK (Reuters) – The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion. The shape of the yield curve is a key metric investors watch as…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher, lifted by a hawkish Federal Reserve and rising real yields. The U.S. dollar index is flat on the year, masking a volatile ride in…
San Francisco (Reuters) – The U.S. safety regulator said on Wednesday that it is reviewing consumer complaints that Tesla vehicles are activating the brakes unnecessarily, in the latest regulatory scrutiny of Tesla’s vehicle safety. In May, Tesla chief executive Elon Musk said dropping a radar sensor from its partially automated driving system would address the…
By Roslan Khasawneh SINGAPORE (Reuters) -Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 17 cents, or 0.2%, to $89.30 a barrel by 0420 GMT, after rising 31 cents on Wednesday. U.S….
BERLIN (Reuters) – Opel plans on hiring several hundred temporary workers to help deliver its new Astra model, a spokesperson told German paper Wirtschaftswoche on Thursday, in part to compensate for workers off sick with COVID-19 amid the spread of the Omicron variant. The carmaker, which is owned by Stellantis and operates three plants in…
By Elizabeth Culliford and Nivedita Balu (Reuters) – Facebook owner Meta Platforms Inc’s shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple’s privacy changes and increased competition for users from rivals like TikTok. Facebook’s global daily active users declined from the previous quarter for the…
By Roslan Khasawneh SINGAPORE (Reuters) – Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday….
By Akash Sriram and Subrat Patnaik (Reuters) – Google parent company Alphabet Inc advanced nearer to joining peers Apple Inc and Microsoft Corp in the elite $2 trillion market valuation club on Wednesday as the search giant’s shares surged more than 8% following a blowout quarterly report. Last trading at about $2,975, Alphabet’s stock was…
By Katanga Johnson WASHINGTON (Reuters) -Global stocks rallied on Wednesday to close higher as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. Investors also shrugged off the pace of central banks’ interest rate hikes. The STOXX index of 600 European companies rose…
