Tuesday saw both the Japanese yen and sterling fall, reflecting increased investor concern regarding government finances. This enabled the dollar to recover some ground after five days of decline, Reuters said in a report.Mounting concerns in the global financial landscape led to renewed pressure on bond markets, particularly evident in…
Euro-area inflation edged higher in August, reinforcing expectations that the European Central Bank (ECB) will keep interest rates unchanged at its meeting next week.Data released Tuesday showed consumer prices rose 2.1% year-on-year, up slightly from 2% in July, according to Eurostat. As per a Reuters poll, economists expected the rate…
More American workers are testing positive for fentanyl in randomised workplace drug screenings, a report by The Wall Street Journal said, which brings to the fore the persistent challenges the opioid epidemic poses for employers.The rate of positive urine tests for fentanyl reached 1.13% in 2024, up from 0.91% in…
Nestle’s shares dropped nearly 3% as the markets opened on Tuesday after the Swiss food and beverage giant dismissed its chief executive, Laurent Freixe, following an internal probe into an undisclosed relationship with a subordinate.However, the stock was able to recover some losses by 10 am, and was down by…
The Nio stock price rebounded in Hong Kong and in the premarket after the company published strong delivery numbers. It jumped to a high of $6.50, up by 120% from its lowest level in April this year, making it one of the best-performing companies in the EV space.Nio deliveries are…
Tesla Inc.’s entry into India, one of the world’s fastest-growing auto markets, has turned out to be slower than anticipated. Since opening sales in mid-July, the electric vehicle maker has received just over 600 confirmed orders, according to people familiar with the matter. The number, which falls far below Tesla’s…
Opendoor stock price has surged in the past few months, moving from the year-to-date low of $0.5035 in July to $4.45 today. This surge has transformed its market capitalization from over $350 million in June to $3.27 billion today. Why the Opendoor stock price has surgedThere are three primary reasons why…
Great Britain’s pub industry is facing a severe crisis, with an estimated 378 pubs projected to close in 2025 across England, Wales, and Scotland, leading to over 5,600 direct job losses, according to the British Beer and Pub Association (BBPA).Great Britain is projected to see a pub closure every day…
More American workers are testing positive for fentanyl in randomised workplace drug screenings, a report by The Wall Street Journal said, which brings to the fore the persistent challenges the opioid epidemic poses for employers.The rate of positive urine tests for fentanyl reached 1.13% in 2024, up from 0.91% in…
Nio Inc. posted some solid earnings in the second quarter in fiscal year 2025, with vehicle sales and revenue soaring well, in a good sign for the company.Making steady profits is still tough, though, even if losses have come down a bit from before.Analysts are happy to see more cars…