Oct 18, 2024 | Markets
Deficit exceeds 6% of GDP for a second straight year Debt interest costs, Social Security, defense spending climb The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social...
Oct 18, 2024 | Markets
Israel’s killing of Hamas leader sees traders flock to safety Investors are repositioning portfolios ahead of US election Gold topped $2,700 an ounce for the first time as concerns over escalating conflicts in the Middle East and a tight US election race prompt...
Oct 18, 2024 | Markets
Stock down 7.5% since unveiling of self-driving taxi last week Event was long on vision, short on revenue drivers: Bernstein Tesla Inc.’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also...
Oct 18, 2024 | Markets
China and the Middle East dragged on performance, CFO says Company maintained its sales outlook for current fiscal year Procter & Gamble Co. posted a second straight quarter of sluggish sales growth, dragged down by minimal price increases and weakness in key...
Oct 18, 2024 | Markets
Unions stage protest in Rome over declining production Stellantis has been shuttering plants due to poor demand Italy’s car industry faces an existential threat if manufacturers led by Stellantis NV don’t reverse a trend of declining production in the country,...
Oct 17, 2024 | Markets
Wood Mackenzie says some regions face up to 15% growth by 2029 Rise in electricity demand will be major challenge for sector Electricity demand in the US is set to soar for the first time in decades, with growth as high as 15% in some regions over the next five years,...
