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South Korea’s Consumer Prices Rise Rapidly

South Korea’s Consumer Prices Rise Rapidly

56
Economy news
03.05.2022

South Korea, Asia’s fourth-largest economy, saw its consumer price index rise to 4.8% in April from 4.1% in March. The country’s consumer prices rose in April at their fastest pace in nearly 14 years due to red-hot food and energy pric...

Bonds Getting Attention from Investors Expecting a Recession

Bonds Getting Attention from Investors Expecting a Recession

127
Stocks news
02.05.2022

US bond yields are at their highest level in years. With the US Fed aggressively raising interest rates in the face of surging inflation, cash is flowing back into bonds as investors seek insurance from a possible recession. This flight toward bon...

World Bracing for Palm Oil Shortage

World Bracing for Palm Oil Shortage

143
Commodities news
29.04.2022

Indonesia, which is responsible for producing 60% of the world’s palm oil, has banned exports of the product due to inflation and supply concerns. The export ban has ratcheted up the pressure on worldwide prices of food and cooking oil, whic...

Samsung Profits Soar on Chip Sales

Samsung Profits Soar on Chip Sales

138
Stocks news
28.04.2022

Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the same time a year ago. The South Korean tech giant’s solid earnings were powered by strong sales of its memory chips, which...

Robinhood Shares Nosedive as Company Announces Layoffs

Robinhood Shares Nosedive as Company Announces Layoffs

147
FOREX news
27.04.2022

Robinhood announced Tuesday that the online broker will lay off 9% of its staff, causing shares of the company's stock to hit a new low. The company defended its actions by claiming its financial position was strong, but it had too many duplic...

Elon Musk to Buy Twitter

Elon Musk to Buy Twitter

143
Stocks news
26.04.2022

Twitter’s board has unanimously agreed to accept Elon Musk’s purchase offer of around $44 billion, the company said Monday. The deal is expected to close later this year. It has led employees to question the billionaire’s plans f...

Nestle Hikes Food Prices By 5%

Nestle Hikes Food Prices By 5%

147
Stocks news
25.04.2022

Nestlé, the world's biggest food and drinks company, increased prices by more than 5% in the first quarter of 2022 as it passed on rising costs to consumers. North American shoppers were worst affected, facing an 8.5% rise in prices. La...

Tesla Record Profit Surpasses Estimates

Tesla Record Profit Surpasses Estimates

155
Stocks news
20.04.2022

Tesla has posted record profits, overcoming supply chain issues that have troubled the auto industry to blow away Wall Street's company forecast for the first quarter of 2022. The company earned adjusted income of $3.7 billion, much higher tha...

Netflix Stock Plunges after Subscriber Losses

Netflix Stock Plunges after Subscriber Losses

147
Stocks news
20.04.2022

Netflix lost 200,000 subscribers in the first quarter of 2022, sending its stock down as much as 25% in after-hours trading. The company's share price has fallen more than 40% year to date. The bad news did not end there. During its quarterly...

Corn Futures Hit Decade-High on Fears of Shortages

Corn Futures Hit Decade-High on Fears of Shortages

157
Commodities news
19.04.2022

War in Ukraine and freezing temperatures in the US have led to forecasts of a lower corn supply, driving grain prices higher.  Chicago Board of Trade (CBOT) corn futures topped $8 a bushel and reached their highest price in nearly a decade on...

Bank Earnings Signal Tough Times Ahead

Bank Earnings Signal Tough Times Ahead

168
Stocks news
14.04.2022

Some of the biggest US banks saw reduced profits in the first quarter of 2022. Prominent names, like Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase and Wells Fargo, all announced significant year-on-year profit declines in earnings reports this...

Honda Joins Global Electric Vehicle Race

Honda Joins Global Electric Vehicle Race

169
Stocks news
13.04.2022

Honda is joining the global race for electric vehicle (EV) dominance by announcing an investment of almost $40 billion to electrify its fleet of cars in the next decade. The Japanese automaker’s stock price was unchanged on the Tuesday annou...

Oil Prices Fall as Economies Struggle

Oil Prices Fall as Economies Struggle

162
Commodities news
12.04.2022

Crude futures have fallen nearly 3% after nearing $140 a barrel in early March and hitting $120 as recently as two weeks ago. Rather than skyrocket after Russia’s invasion of Ukraine, oil prices are falling. With Shanghai and other Chinese c...

Rising Interest Rates Complicating Financial Picture

Rising Interest Rates Complicating Financial Picture

160
Stocks news
11.04.2022

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms in the US. Blue chip banks, like JPMorgan Chase, Wells Fargo and Citigroup, are expected to report first-quarter earnings this week. Investors are...

Shell Takes Major Loss from Russia Exit

Shell Takes Major Loss from Russia Exit

162
Commodities news
07.04.2022

Shell will write down as much as $5 billion following its decision to exit Russia, more than previously disclosed. After revealing post-tax impairments of between $4 billion and $5 billion, the company’s shares fell 1.2% in London trading th...