Tesla Megapack Caught Fire At Victorian Big Battery Site In Australia
A fire occurred within a Tesla Megapack at one of the largest batteries in the world in Australia’s Victoria state…
Category: World
Investors Bought Chinese Stocks In The Last Week, Despite Regulatory Concerns
Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation, according to fund research firm…
Amazon Sales Growth Slows In Tame Start To Jassy’s Tenure As CEO
Amazon.com Inc (AMZN.O) on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home,…
SoftBank Q1 Performance Seen Buoyed By China IPOs; Crackdown Clouds Outlook
SoftBank Group Corp (9984.T) is set to report a boost to Vision Fund returns when it posts quarterly earnings due to the…
Robinhood Closes At $34.82 In Grim Stock Market Debut
Robinhood Markets Inc’s shares (HOOD.O) closed more than 8% lower at $34.82 per share on their first day of trading, as many…
Uber Delays Office Return, Makes Vaccination Mandatory For U.S. Employees
Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will…
Explainer: Major Ethereum Upgrade Set To Alter Supply, Fix Transaction Fees
Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are…
Central Bank Chief Says Canadians Should Not ‘Overreact’ To Temporary Inflation
Bank of Canada Governor Tiff Macklem, writing in a column for the Financial Post newspaper on Thursday, said Canadians can…
Canadian Dollar Hits 2-Week High As Fed Stance Bolsters Sentiment
The Canadian dollar touched a two-week high against its broadly weaker U.S. counterpart on Thursday, as the Federal Reserve remained…
IMF Retains 2.5% Growth Estimate For Nigeria
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 per cent economic growth forecast for 2021. The institution said this…
Analysis: As Fed Tiptoes Around Tapering, Investors Look To Jackson Hole Meeting For Clarity
Investors looking for clear guidelines on when the Federal Reserve will begin tapering its massive bond purchases were left waiting…
Comcast’s Quarterly Revenue Tops Estimates, Lifted By Cable Growth
Comcast Corp’s (CMCSA.O) second-quarter revenue beat Wall Street estimates on Thursday, benefiting from higher advertising sales, theme parks reopening, and record broadband…
From Facebook To Twitter, Big Tech Sees Social Commerce Driving Sales Growth
Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc (SNAP.N) and Twitter (TWTR.N) are investing heavily in shopping features to drive…
Merck Revenue Beats Estimates On Keytruda Demand
Merck & Co Inc (MRK.N) reported quarterly revenue on Thursday ahead of analysts’ estimates, as a recovery in demand for its cancer…
S&P 500, Dow Set To Rise As Economic Growth Heats Up
The S&P 500 and the Dow indexes were set to rise on Thursday as a slate of strong corporate earnings…
China Buyers Re-emerge, Patient Fed Saps Dollar
World share markets were back on the climb on Thursday as the U.S. Federal Reserve signalled it was in no…
U.S. Economy Contracted 19.2% During COVID-19 Pandemic Recession
The U.S. economy contracted at a record average annualized rate of 19.2% from its peak in the fourth quarter of…
Carlyle’s Second-Quarter Earnings Double On Asset Sales
U.S. buyout firm Carlyle Group Inc (CG.O) said on Thursday its second-quarter distributable earnings nearly doubled following a sharp rise in asset…
Oil Prices Slip But Remain Near $75 After Large Inventory Drawdown
Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer,…
Canadian Pipeline Operator TC Energy To Switch To Green Power To Run North American Energy Pipelines
Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by…
Samsung Electronics Sees Strong Chip Demand, Mobile Recovery As Q2 Profit Jumps
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery…
Sydney Posts Record Daily Rise In COVID-19 Cases, Seeks Military Help
Australia’s biggest city Sydney posted a record one-day rise in local COVID-19 cases on Thursday and warned the outbreak would…
Oil Rises On United State Fuel Drawdowns Despite Surging Coronavirus Cases
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week,…
UK Poised To End Amber List Quarantine For People Vaccinated In US And EU
Ministers to discuss plans, with talks also to determine if they will apply to England only or all UK nations…
Biden Plans To Speed Up Asylum Processing And Deportations At The Border
The Biden administration announced on Tuesday that it will speed up asylum claim processing for migrants at the U.S.-Mexico border…
Two dead, Several Injured In Acid Leak At LyondellBasell Plant In Texas
Two people were killed and several others injured following a leak of acetic acid at a LyondellBasell (LYB.N) chemical plant in La…
United States White House Wants Broadband Funding In Infrastructure Bill
A bipartisan group of senators and the White House are debating extending a program started early in the COVID-19 pandemic…
German Insurers Expect Up To $6.5 Billion In Storm Claims
German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in claims from…
North, South Korea In Talks Over Summit, Reopening Liaison Office
North and South Korea are in talks to reopen a joint liaison office that Pyongyang demolished last year and hold…
Microsoft Set To Report Earnings After The Bell
Microsoft will release its fiscal fourth-quarter earnings report after market close Tuesday. Here’s what analysts are expecting: Earnings: $1.92 per…