McDonald’s accuses former CEO Steve Easterbrook in a lawsuit of having sexual relationships with employees and destroying nude videos and photos. …read more […]
(Bloomberg) — Oil advanced ahead of this week’s meeting of the OPEC+ producer bloc, following recent signals that supply and demand are returning to balance.Futures in New York were up 0.7%, after dipping 0.5% on Friday. The U.S. benchmark has rallied more 4% in the past two weeks, with American crude stockpiles declining after imports from Saudi Arabia dropped and gasoline consumption rose. Adding to support, some data points show bright spots in the economic outlook, with U.S. industrial production increasing for a third straight month in July.Oil retreated on Friday after the U.S. and China postponed talks planned for …read more […]
Contracts on the three major indices rose, teeing up the S&P 500 to approach record levels again. …read more […]
Bitcoin returns are beating crypto hedge funds, but other recent developments point to more favorable tailwinds for those funds in the long term. …read more […]
Journal Editorial Report: Education Secretary Betsy DeVos says unions are blocking a return to classroom instruction. Image: Reuters/Brendan McDermid …read more […]
(Bloomberg) — The emerging-market rally that has all but wiped out the losses since the start of the coronavirus pandemic looks headed for a late-August reappraisal amid a resurgence of trade tensions and delays to a U.S. stimulus.Indexes of stocks, currencies and domestic bonds rose in tandem last week, with the MSCI equity gauge clocking up its longest sequence of weekly gains since January, even as idiosyncratic risks across developing nations mounted. China’s retail sales and industrial production data missed estimates, Malaysia’s economy shrank the most since the Asian financial crisis, Brazil suffered a fresh bout of political turmoil and …read more […]
Journal Editorial Report: Bill McGurn and Jillian Melchior on why Beijing is targeting the pro-democracy publisher who refuses to flee the city. Image: May James/Zuma Wire …read more […]
Stock prices have marched relentlessly higher in recent months, even as the former vice president maintains a lead over President Trump in the polls. …read more […]
US chipmaker Intel Corp. last week revealed a new technology for making transistors which is said to improve the performance of its next round of processors by as much as 20%.Intel (INTC) disclosed the so-called SuperFin technology for its existing 10-nanometer (nm) chip process node, describing it as its largest single, intra-node enhancement in the company’s history, which promises to deliver performance improvement comparable to a full-node transition. The 10nm SuperFin technology combines Intel’s FinFET transistors with Super metal insulator metal capacitor, the company said.“It is 20%, the largest intra-node jump ever in our history,” Raja Koduri, Intel’s chief architect, …read more […]
The U.S. shale industry has been one of the hardest-hit sectors in oil, leaving many drillers struggling to keep their heads above water …read more […]
Second-quarter corporate earnings season is beginning to wind down, but a host of retailers’ earnings results is still set to be a key focus this week. A slew of US housing reports will also be released, including data on housing starts, building permits and existing home sales. …read more […]
(Bloomberg) — Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property and banking empires that stretch back decades.That was until Covid-19, when the country’s low-key rubber industry — or more precisely, glove making — became one of the hottest on the planet.Wong Teek Son, who co-founded Riverstone Holdings Ltd. in the 1980s after working as a research chemist, last month became the fifth billionaire in the country from manufacturing gloves. He’s now worth $1.2 billion as shares of his company rallied almost sixfold from …read more […]
‘I can tell you that the data are remarkably clear that, on average, the stock markets, on average, corporate profits, do better during Democratic administrations than they do during Republican administrations,’ says Summers. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
