Wall Street recorded its worst day in almost a month on Tuesday as investors ditched equities following a stock sell-off in China and weak US retail sales data. The blue-chip S&P 500 closed down 0.7 per cent, its steepest fall since mid-July. The tech-focused Nasdaq Composite was 0.9 per cent lower at the bell, its
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Key Takeaways U.S. comparable sales, excluding fuel, rose at a faster pace than analysts expected. U.S. comparable sales indicate the sales generated by the company’s U.S. stores and clubs that have been open for at least one year, including e-commerce sales. Walmart expects U.S. comparable sales, excluding fuel, to rise between 6% and 7% year
European allies had hoped Joe Biden’s election to the US presidency would bolster Nato’s relevance after Donald Trump’s acrimonious years. Washington’s messy withdrawal from Afghanistan is prompting a rethink. After the fall of Kabul, EU defence and security officials have been strikingly critical of the US decision to send home its troops, arguing it has
Cathie Wood Source: CNBC Cathie Wood called out Michael Burry on social media after ‘The Big Short’ investor placed a bet against her flagship ARK Innovation exchange-traded fund. “To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he
Walmart raised its full-year outlook for the second time in three months, after a strong start to the back-to-school shopping season gave sales a boost even as the spread of the Covid-19 Delta variant weighed on consumer confidence. Market share gains in groceries and a rebound in demand for travel-related products also helped the company
Many seasoned investors can tell the difference between an amateur investor and a professional one just by talking to them. It’s the language that matters. The following are some common investing statements that you should try to avoid using, as well as some helpful alternatives that will not only make you sound more knowledgeable and wise
In this article CYXT A data center. Erik Isakson | DigitalVision | Getty Images Company: Cyxtera Technologies Inc. (CYXT) Business: Cyxtera is a global leader in the data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises
For the past few years, Pedro Coelho has been periodically sending £400-£500 at a time home to Portugal. “My grandparents needed surgery so I got together with family to fund it,” he says of one payment. The entrepreneur, who lives in London, is among 170m expatriate workers around the world. Their cash pulses through the
The District of Columbia will require all healthcare workers to be at least partially vaccinated against Covid-19 by the end of September, Washington mayor Muriel Bowser announced on Monday. Earlier on Monday, New York governor Andrew Cuomo announced a similar requirement for healthcare workers in the state. More than 1m Israelis have now received the
India exchange-traded funds (ETFs) offer a way for investors to geographically diversify their global portfolios by owning a range of companies in the world’s second-most populous nation and one of the world’s largest emerging markets. India ETFs track the performance of a basket of equities trading on the National Stock Exchange of India (NSE). Some
Joe Biden put the blame for the chaos engulfing Kabul on the shoulders of the deposed Afghan government and its ineffectual security forces, saying the inability of US-backed authorities to fend off the Taliban proved he was right to withdraw American forces. The US president, speaking as the Pentagon struggled to restart flights from Kabul’s
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ space company Blue Origin filed a complaint in federal court
US stocks have doubled from a closing low hit during the depths of the pandemic last year, underscoring the resilience of a market that has repeatedly blown past expectations as the country’s economy has rebounded. The benchmark S&P 500 — the closely followed barometer of the $51tn US stock market — rose 0.3 per cent on Monday,
Back in 1871, if you wanted to transfer money from one person to another, you used Western Union’s telegraph (the original text messaging service). Today, you just touch your cell phone. New P2P mobile applications and plain old text messages eliminate the need to travel to a physical location to move cash. Key Takeaways Almost
Shortly after her 12th birthday, Ameneh — not her real name — was forced to get engaged to her adult, bearded cousin and move into the house of her uncle, a businessman who traded with the Taliban. That was two decades ago. Back then, the Islamist movement was at the height of its power, controlling
In this article POSH VRRM PLUG TTD SQSP Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Finding fresh investment opportunities in the current financial environment isn’t easy, to say the least. However, following the recommendations of analysts who consistently get it right is one way to find compelling plays that may be
Magazine publisher Future is eyeing plans to better “monetise” personal finance content from MoneyWeek and Kiplinger and take news title The Week into new markets after striking a deal to purchase a portfolio of publications for £300m. Shares in the UK-listed group hit a 21-year high on Monday, rallying 7 per cent to give a
A central tenet of cryptocurrencies is the importance of decentralization. For proof-of-work blockchains like bitcoin and ethereum, anyone with a computer and an internet connection is theoretically free to mine cryptocurrency in exchange for supporting the network. However, as the popularity and market for cryptocurrencies have evolved, that idea seems to have fallen by the
Taliban fighters reached the outskirts of Kabul, as the US scrambled to evacuate personnel from its embassy amid fears of an imminent assault on the capital. The Islamist group released a statement saying its fighters would not “enter the city by force,” and that talks were under way on a transition “in a secure environment
Personal finance experts are always telling you that you must have health insurance to avoid a financial catastrophe. And we’re not wrong: Health insurance does keep more money in your pocket and get you access to better care, compared with going uninsured. But our simple advice ignores a terrible problem: Many people who do have
In this article VGII SPCE Sir Richard Branson waves out the window of spacecraft VSS Unity before launching on July 11, 2021. Virgin Galactic Virgin Galactic founder Sir Richard Branson sold more of his ownership of the space tourism company this week, dumping another huge stake to fund his other ventures. Branson, through his Virgin
The $3.5tn price tag on the Biden administration’s budget plan has ignited fresh debate in Washington about the potential inflationary effects of increased public spending at a time when US consumer prices are rising rapidly. The US Senate on Wednesday passed a budget resolution that will form the basis of a sweeping bill that would
The writer is the director of the consultancy Mayak Intelligence and an honorary professor at UCL What’s interesting about the news of the security guard at the British Embassy in Berlin caught passing classified documents to a Russian handler, is that it is so banal. As such, it reminds us that modern espionage is still
A popular strategy among options investors is covered call writing: the investor buys 100 shares of stock and sells one call option, granting someone else the right to buy that stock at a specific price, known as the strike price, for a limited time. Often, the option expires worthless and the investor keeps both the
In this article MNTS The company’s latest-generation Microwave Electrothermal Thruster (MET) undergoes testing in a vacuum chamber at its facility in Santa Clara, California. Momentus Space company Momentus debuted on the Nasdaq on Friday, completing a nearly year-long and turbulent merger process that resulted in a new CEO and the departure of its founders. “In
US health officials are campaigning to vaccinate more children as coronavirus threatens to disrupt the autumn return to classrooms after a school year scarred by the pandemic. Doctors across the country are seeing increasing numbers of children in hospital due to Covid-19. Many say that adolescents, like adults infected by the highly transmissible Delta variant,
Joe Biden campaigned on a promise to end America’s longest war, but his presidency risks being remembered instead for presiding over the violent overthrow of Afghanistan’s government by the Taliban. Republicans have sought to capitalise on what is emerging as the biggest setback of Biden’s presidency with an eye on elections next year in which
For homeowners who want basic protection, an H03 policy will suffice. But for homeowners looking for the most protection and the highest coverage limits, a premium H05 policy is the best bet. With most home insurance, such as an H03 policy, you are required to prove that your personal property claim happened due to one
Chime CEO Chris Britt Source: Chime Chime said Friday it raised $750 million in a Series G funding round that values the fintech company at $25 billion. That’s $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data. Chime — a so-called challenger bank known for fee-free banking,
If you have browsed the internet for a new swimsuit this summer, you might have come across the latest sustainable fashion trend — bikinis and trunks made from plastic bottles, ostensibly diverted from the ocean. Across US and UK online retailers, swim-and activewear described as containing recycled synthetics more than doubled in volume in the