adminRussian economy shows solid growth despite Ukraine war sanctions
MOSCOW (Reuters) – The Russian economy has shown solid growth in many sectors while unemployment remains at a record low, new data showed on Wednesday, prompting officials to hint at…
Best Buy expected to post sluggish sales as consumers hold out for AI-enabled products
Best Buy (BBY) is expected to post another quarter of sluggish sales as consumers push off big-ticket purchases. On Thursday before the market open, the company is expected to post…
Russian Steel Bucks Global Downturn as War Economy Drives Demand
(Bloomberg) — Weak Chinese demand is depressing the global steel market, but Vladimir Putin’s war economy has made Russia a striking exception. Most Read from Bloomberg The Kremlin’s invasion of…
Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy
Days after being elected as Thailand’s youngest-ever prime minister, Paetongtarn Shinawatra threw cold water on a policy question that had been simmering for months. At a press conference soon after…
Houthi-Hit Oil Tanker in Red Sea Appears to be Leaking: Pentagon
(Bloomberg) — An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. Most…
Kroger Hiked Milk, Egg Prices Above Inflation, Merger Judge Told
(Bloomberg) — Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US…
Oil Edges Up After Technical Drop as US Stockpiles Seen Falling
(Bloomberg) — Oil gained in Asia after dropping more than 2% on Tuesday, as an industry report pointed to a further decline in US crude stockpiles. Most Read from Bloomberg…
Stock market today: US stocks tread water with Nvidia, rate cuts in focus
US stocks saw choppy trading action on Tuesday as investors tread carefully on the eve of Nvidia's (NVDA) potentially market-moving earnings report. The Dow Jones Industrial Average (^DJI) dropped about…
Chicago and NY Fed directors favored discount rate cut in July
By Michael S. Derby (Reuters) -Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point…
Futures little changed on caution ahead of Nvidia results, economic data
By Johann M Cherian and Purvi Agarwal (Reuters) -U.S. stock index futures were muted on Tuesday ahead of highly anticipated results from Nvidia and crucial economic data expected later in…
