European markets slide defence stocks lead losses
European markets experienced a downturn on Wednesday, reversing recent gains and leaving investors wary as a confluence of geopolitical developments and sector-specific concerns weighed on sentiment. The broad-based retreat was…
U.S. manufacturing sector shows unexpected weakness as tariffs impact supply chains
The U.S. manufacturing sector is facing a new period of contraction, according to data released this month, as the ripple effects of escalating tariffs on imports disrupt supply chains and…
Fintech’s quiet takeover of global settlement infrastructure
Fintech has long been associated with the “retail revolution”—the world of sleek digital wallets and frictionless peer-to-peer apps. However, the industry’s focus has moved past the user interface. Today, the…
Zoom gambles billions on home working continuing
Video Conferencing giant announces $14.7 billion takeover of Five9 In the same week as Apple announced it was delaying the return to office working of much of its workforce, Zoom…
United Airlines places largest ever order
United plans post-Covid recovery plan with an order for 270 Boeing and Airbus airliners Signs of a travel industry recovery were boosted this week when the US airline giant announced…
US consumer-price index soars 5% from a year ago
US records highest annual inflation rate for almost 13 years The month of May saw consumer prices continuing to rise steeply with a surge of 5% over last year. On…
3 hot stocks surfing a momentum wave
Many experienced investors will seek out stocks that have shown strong recent gains and are primed to keep going. These stocks have gained an “inertia” that is likely to keep…
Covid economy – forecasts vs reality
In an uncertain year, how did economists’ predictions fare? At the beginning of the pandemic, economists were asked how the U.S. economy would fare in the unprecedented wake of global…
Luxury shares soar in a sign of pandemic recovery
Shares in Europe’s luxury goods sector reached record levels on Wednesday after Moët Hennessy Louis Vuitton SE (LVMH) bucked the pandemic’s effects and reported strong sales figures for the first…
Ford posts strongest first quarter in years, despite chip shortage
Automobile giant Ford has turned a $2 billion loss from last year’s corresponding quarter into a pretax profit of $4.8 billion for this year’s first quarter. For shareholders, this equates…