Friday, November 22, 2024
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Financial Markets

McDonald’s shares tumble on E coli even as US head vows to improve safety

McDonald’s shares were on track for their worst day since March 2020 on Wednesday, as the fast-food giant scrambled to limit the damage from...

Tesla’s robotaxi event was long on Musk promises, short on details

For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of...

US judge orders Google to open up app store to competition

A US judge said that for three years, Google must allow users to download competing third-party Android app platforms or stores.A United States judge...

US Fed cuts rates by larger than usual half-percentage point

Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this yearThe United States Federal Reserve...

Ratings agencies warn of downgrade if Boeing strike prolonged

Boeing’s management will likely need to access new sources of liquidity in the event of a prolonged strike.Fitch Ratings and Moody’s have joined S&P...

Boeing workers ‘ready to go on strike’ if demands unmet

Boeing’s United States West Coast factory workers stood in long lines to vote on Thursday on a much-criticised new contract, some loudly calling for...

Apple launches AI iPhone as Huawei casts shadow with tri-fold phone

Apple has unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The...

Cathay Pacific halts flights on Airbus jets over engine component failure

Shares in engine maker Rolls-Royce fall nearly 9 percent after airline identifies the problem.Hong Kong’s Cathay Pacific Airways has started a fleet-wide inspection of...

Canada follows US, imposes 100% tariff on EVs imported from China

Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM...

US inflation slows in July, clearing way for a cut in interest rates

Year-over-year inflation has reached its lowest level in more than three years in July, the latest sign that the worst price spike in four...

Japan’s stock market plunges over US economy fears

Benchmark Nikkei 225 index closes 5.81 percent lower after tumble in Wall Street shares.Japanese stocks have taken a dramatic plunge after Wall Street shares...

Meta shares surge after tech giant reports $13.5bn profit

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end.Meta, the parent company...

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