Oil held near a 10-month high as OPEC+ supply cuts tightened the market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address a conference on the kingdom’s crude policy and view on net zero.
Arms shares jumped 10% right as trading began and climbed over 20% to above $61 in the first 30 minutes of trading. The stock closed up nearly 25%. Going into the IPO, shares were priced at $51 each.
China’s central bank ramped up efforts to accelerate an economic recovery, releasing more cash into markets as data show fresh encouraging signs for the country’s growth momentum.
union has been locked in difficult negotiations with Americas Big Three for some time. The automakers have thus far declined to meet the unions demands for pay increases and improved conditions for workers. As the unions deadline approaches, it has ann
China’s economic activity likely improved in August, adding to a steady drip of clues that suggest the worst of this year’s downturn may be starting to pass.
Oil steadied after rallying to a 10-month high on forecasts by OPEC and the US that output cuts will tighten the market in the months ahead.
On Wednesday, investors will watch closely for one of the most important data points the Federal Reserve will consider in its next interest rate decision: Augusts Consumer Price Index (CPI).
Arm Holdings Ltd.’s initial public offering is already oversubscribed by 10 times and bankers plan to stop taking orders by Tuesday afternoon, according to people familiar with the matter.
After months of bad news, Apple is finally ready to hit back. On Tuesday morning, Apple is set to unveil its new line of iPhones, as well as new Apple Watches and other products.
Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy system, as extreme heat becomes a threat to fuel supply.
After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey.
Apple Inc. is looking to stave off a crisis in China just days before the launch of its next iPhone, an already high-stakes event that will test whether new features can shake the smartphone industry out of the doldrums.
Japan’s economy expanded at a slower pace than initially estimated as businesses and consumers spent less, an outcome that points to the fragility of the growth achieved last quarter as Prime Minister Fumio Kishida mulls further support measures.
South Korea priced its first yen bond in Japan in a move that highlights warming ties between two neighbors whose relations are scarred by history.
India’s new rules for environmental, social and governance investments and ratings are likely to attract more investors to the nation’s $1.4 billion market and serve as a model for other countries, according to JPMorgan Chase & Co.
