Spain’s leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused a sharp drop in the country’s olive harvest. Socialist Prime Minister Pedro Sanchez’s government will from July “permanently” include olive oil in the […]
US stock indexes were set for gains early Thursday as Nvidia’s (NVDA) record-breaking surge, which catapulted it to the title of world’s most valuable public company, was set to continue. Futures tied to the S&P 500 (^GSPC) pointed up around 0.4%, after the index closed Tuesday’s session by securing its 31st record close of the […]
Beijing WeLion New Energy Technology, a maker of semi-solid-state batteries for electric vehicles (EVs), reported a jump in delivery volume last month, the latest sign that Chinese EV builders are incorporating advanced technology to extend the driving range of their premium models. The company, backed by Shanghai-based EV producer Nio, supplied 482.9 megawatt hours (MWh) […]
Palantir Technologies (PLTR) stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 88 to 91. X This exclusive rating from Investor’s Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks compares to […]
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(Reuters) — Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. Shares of the San Jose, California-based company jumped around 15% in premarket trading on Friday. The company now expects revenue of between $21.40 […]
Consumer price index data for May showed that core inflation cooled more than expected last month. S&P 500 futures moved higher in Wednesday stock market action after the CPI inflation data, as markets turned their focus to the rate-cut outlook that the Federal Reserve will update at 2 p.m. ET.
Jun. 10—Gas prices went up throughout the state last week, and they went up the most in the Santa Fe area. That’s according to AAA New Mexico Weekend Gas Watch, which said the average price for a gallon of gas in the Santa Fe area increased 12 cents to $3.24. Statewide, the average jumped 2 […]
Semiconductor equipment manufacturing is a notoriously lumpy business. The companies in this line of business, such as ASML (NASDAQ: ASML), make the intricate (and expensive) machinery that creates various semiconductor chips, such as Nvidia’s graphic processing units (GPUs). The demand for their services varies from year to year, making investing a bit of a cyclical […]
KUALA LUMPUR, Malaysia (AP) — Diesel price in Malaysia jumped by more than 50% on Monday as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgits annually. The restructuring eliminates blanket energy subsidies and redirects them to the needy. They’re part of economic reforms pledged by Prime […]
People walk past a “now hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022.Olivier Douliery/AFP/Getty Images US stocks moved lower on Friday after a hotter-than-expected May jobs report sent bond yields surging. 272,000 jobs were added to the economy in May, well ahead of economist estimates of about 180,000, while […]