Morning Bid: Dovish Fed eyed, China’s deflationary forces intensify
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in…
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Microsoft approves new $60 billion share buyback program
(Reuters) -Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion. The tech giant declared a quarterly dividend of $0.83 per…
Cuba slashes size of daily bread ration as ingredients run thin
HAVANA (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme…
Argentina economy forecast to extend recession in second quarter
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline…
White House’s Brainard says US inflation at turning point, focus should shift to jobs
(Reuters) – Top White House economic adviser Lael Brainard on Monday declared that the U.S. economy had turned the corner in bringing down inflation and it was now time to…
Fed rate cuts will not be as deep as the market expects, says BlackRock
NEW YORK (Reuters) – The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market expects due to a resilient economy and inflation remaining sticky,…
Nikola stock: potential millionaire maker or another Fisker?
Nikola Corp (NASDAQ: NKLA) has investors wondering if it could follow Tesla Inc (NASDAQ: TSLA) in creating substantial wealth or if it’s on a path similar to Fisker Inc, which…
Direct tumor radiation: can pharma’s $10 billion bet transform cancer treatment?
Pharmaceutical heavyweights like Bristol Myers Squibb, AstraZeneca, and Eli Lilly are betting big on radiopharmaceuticals, investing over $10 billion in the hope that these advanced radiation therapies will redefine cancer…
Intel’s $30 billion PlayStation 6 chip loss to AMD: what’s next for INTC stock?
Intel’s ambitious attempt to secure the contract for Sony’s PlayStation 6 chip design and manufacturing has ended in disappointment. The lucrative deal, which could have generated around $30 billion for…
Bill Gates urges young entrepreneurs to dive into AI: here’s why
Bill Gates recently shared his thoughts on the current artificial intelligence (AI) boom, revealing that if he were a 20-year-old entrepreneur today, he would immerse himself in the AI gold…