(Bloomberg) — Saudi Aramco cut prices for all of its oil grades to Asia for a second month in a sign that the world’s biggest crude exporter sees continued demand weakness in its main market. Most Read from Bloomberg Oil prices have risen over the past month as Aramco crimped exports, with June shipments to […]
Biden’s support among swing-state Black voters has cooled considerably compared to 2020. Still, he’s kept majorities of Black support in must-win Michigan and Pennsylvania, per new polling. Trump is hoping to win over more Black voters, but he’s not benefiting from Biden’s weaker numbers. Former President Donald Trump is trying to cut into President Joe […]
By Colleen Howe and Mohi Narayan NEW DELHI -Oil prices slipped in Asian trading on Monday after a survey on Friday showed weaker U.S. consumer demand and as May crude production rose in China, the world’s biggest crude importer. Global benchmark Brent crude futures for August delivery were down 29 cents, or 0.4%, at $82.33 […]
More homes on languishing on the market without any buyers, setting up prices to start falling as soon as this summer, according to Brian Nick, senior investment strategist at Macro Institute. In fact, the year-over-year percentage increase in unsold existing homes for sale is the highest since the Great Financial Crisis, he told Bloomberg TV […]
After the market closes, Cava is expected to report lower 1Q year-over-year traffic but healthy gains in average ticket after prices increased 2.5% to 3% in January and customers started buying more premium bowls and bowl add-ons, William Blair analysts Sharon Zackfia and Matthew Curtis say in a research note. They are modeling a low […]
By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Vacation rental company Airbnb reported a higher quarterly profit on Wednesday but forecast second-quarter revenue below Wall Street expectations, sending shares of the company down 7% after the bell. Accommodation companies in the first quarter have seen the demand for travel in regions outside of North America boost […]
(Reuters) – U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday. Fed officials had the survey results in hand last week when they decided to keep […]
(Adds details and background on Eylea in paragraphs 5 and 7, sales of other drugs in paragraphs 8 and 9) May 2 (Reuters) – U.S. drugmaker Regeneron Pharmaceuticals Inc missed Wall Street estimates for first-quarter profit on Thursday, due to softer sales of its blockbuster eye drug Eylea and its eczema treatment Dupixent. The company […]
Economists were thrown for a loop on Thursday after new data revealed evidence of persistent inflation and a growth downshift in the U.S. Real gross domestic product (GDP) rose just 1.6% from a year ago in the first quarter, the Bureau of Economic Analysis reported Thursday. That was well below economists’ consensus forecast for 2.5% […]
The current “standard model” of the cosmos, its history, and its evolution is called the Lambda Cold Dark Matter (LCDM) model — but the supremacy of this model, in which lambda represents the cosmological constant and dark energy, may now be under serious threat. In short, that is because new observations of the cosmos have suggested […]
(Bloomberg) — Rio Tinto Group’s underlying profit fell 12% last year on weaker commodities prices and rising costs, but the company still managed to pay a higher dividend. Most Read from Bloomberg The world’s biggest iron ore miner posted an underlying profit of $11.8 billion, largely in line with analyst estimates. It will pay a […]
On Sept. 12, 2001, 24 hours after the 9/11 attacks, representatives of the then-19-member NATO convened to invoke Article 5 of the organization’s charter, which holds that an “armed attack” on one member “shall be considered an attack against them all.” This was the first and only time Article 5 has been put into effect. […]