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Monthly Archives: July 2023

Yen and JGB yields rise amid reports possible policy ‘tweaking’ by BOJ

The Japanese yen rose on Friday morning in Asia, on the back of a report that the Bank of Japan could potentially “discuss tweaking” its yield curve control policy at today’s policy meeting. The yen was hovering around the 139.13 mark against the U.S. dollar at about 11:25 a.m. Hong …

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Bud Light maker Anheuser-Busch announces layoffs

An employee adjusts bottles of Bud Light beer at an Anheuser-Busch InBev facility in Virginia, Aug. 8, 2018. Andrew Harrer | Bloomberg | Getty Images Beverage giant Anheuser-Busch InBev announced it will lay off hundreds of corporate employees as sales of its flagship lager Bud Light falter. In a statement …

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Shein says it is profitable as IPO rumors swirl

Customers hold shopping bags outside the Shein Tokyo showroom in Tokyo, Nov. 13, 2022. Noriko Hayashi | Bloomberg | Getty Images Shein notched its highest profit ever during the first half of this year, the company told investors in a letter, as rumors swirl over whether the fast-fashion juggernaut will …

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Ford pushes back EV target, warns of wider losses

Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday pushed back production targets for its electric …

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What Qin Gang’s disappearance means for U.S.-China relations

U.S. officials greet Qin Gang, then China’s foreign minister, ahead of a meeting with U.S. Secretary of State Antony Blinken (not pictured) in Beijing on June 18, 2023. Leah Millis | Afp | Getty Images BEIJING — The flurry over Qin Gang’s disappearance and removal from the position of foreign …

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Despite a down day for the Dow, Cramer sees a change in the market

CNBC’s Jim Cramer on Thursday told investors he sees a lasting change in the market, not just an ephemeral rally. Despite a down day for the Dow, Cramer said he sees more fun on Wall Street. Cramer knows the market can’t be positive every day, adding that “the fun and …

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Science and Nature studies on Facebook show algorithm not only problem

For all the blame Facebook has received for fostering extreme political polarization on its ubiquitous apps, new research suggests that the problem may not strictly be a function of the algorithm. In four studies published Thursday in the academic publications Science and Nature, researchers from several institutions including Princeton University, …

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How the world went from a semiconductor shortage to a major glut

Wong Yu Liang | Moment | Getty Images The semiconductor shortage that affected everything from cars to games consoles during the height of the Covid-19 pandemic has turned into a chip glut — and some of the world’s biggest chipmakers are taking a hit. Semiconductors are tiny components that are …

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Stocks making the biggest moves after hours: INTC, F, ROKU, ENPH

3,760 Enphase microinverters will power the drying and storage of more than 50,000 tons of California rice at Strain Ranches in Arbuckle, California, Feb. 19, 2013. Alison Yin | AP Check out the companies making headlines in extended trading. Intel — The technology stock jumped nearly 6% as investors cheered …

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American Airlines pilots’ union accepts sweetened labor deal

American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines pilots’ union said Thursday that they agreed to a sweetened offer for a new labor contract, less than two weeks after a richer deal at rival United Airlines derailed voting at American. The new preliminary agreement includes …

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