Result Page 15 for Latest Economy & Markets News & Archive

Shoppers exit a Target store during Black Friday sales in Brooklyn, New York

Target's Plan For Holidays: Lots Of Gifts Under $25 As Consumers Are Cautions

The company's third-quarter results beat its own forecasts and analysts' estimates.

Indians Overtake Britons To Become Biggest Real Estate Investors In Dubai; Russians Out Of Top 3

Dubai will host the COP28 UN climate talks aimed at reducing the effects of climate change

Indians make up the largest expat group in Dubai at 27.49%. They have consistently been among the top 3 nationalities to buy properties in Dubai since 2004 and play an important role in shaping its real estate market.

ExxonMobil Expands Guyana Oil Production Ahead Of Schedule, Increasing Output By 50%

Reaching first oil and gas production from a federal offshore lease typically takes at least one or two years of drilling and other work

Exxon opened a third offshore development in Guyana on Tuesday, accelerating the small South American country's rapid rise in oil production.

Disney announced it is canceling a new campus for employees near Orlando's Disney World

Disney Has $40 Billion Economic Impact On Florida, Study Says

The study, commissioned by Disney, shows how the company contributes with jobs, taxes and businesses in the state.

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An Indian national flag flutters on top of the Indian parliament building in New Delhi December 1, 2010.

India-UK Trade Talks: Indian Foreign Minister Hopes To Find 'Landing Point' That Benefits Both Sides

India's External Affairs Minister S Jaishankar is currently on a five-day official visit to the UK to hold talks with his British counterpart, newly-appointed UK Foreign Secretary David Cameron.

US Treasury Secretary Janet Yellen is seen on a screen as she speaks during a press conference in the Moscone Convention Center at the APEC summit in San Francisco

US Postpones Asia Trade Deal Rollout After Domestic Fire

President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.

An Emirates Airlines Boing 777 plane unloads a coronavirus vaccine shipment at Dubai International Airport in this picture taken on February 1, 2021

Emirates Orders 95 Boeing Airplanes For $52 Billion

Emirates says the expanded fleet will support Dubai's economic agenda.

Stocks Roar Back Led By Technology Shares – Will Moody's And Inflation Spoil The Rally?

The S&P 500 closed at 4,415.25, up 1.1 % for the week; the Dow Jones at 34,283.10, up 0.53%, and the tech-heavy Nasdaq at 13,798.1, up 2.07%.

US President Joe Biden and China's President Xi Jinping last met in Bali in November 2022

In Focus This Week: Biden-Xi Meeting, Inflation Data, Retail Earnings

Retail sales, industrial production will also be released; Congress needs to reach an agreement to avert a government shutdown by the end of the week.

A CH-47 Chinook helicopter carries a Taiwan flag during national day celebrations in Taipei on October 10, 2021

Taiwan Plans To Hire Around 100,000 Indians To Address Manpower Shortage

The India-Taiwan jobs pact could irk neighboring China, which opposes any official exchange between Taipei and other nations.

Rate hikes have worsened Britain's cost-of-living squeeze because retail lenders follow suit by hiking the cost of repayments on mortgages and other loans

British Economy Stalls In Third Quarter

Britain's economy stagnated in the third quarter, official data showed Friday, weighed down by elevated inflation and interest-rate hikes.

Jerome Powell said it may still be "appropriate" to raise rates further

US Fed Could Hike Rates Again If 'Appropriate': Powell

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

Fed boss Jerome Powell's speech at Jackson Hole will be closely followed by investors

Powell Says Fed Isn't Convinced Rates Have Increased Enough

In a more hawkish speech, the Fed chair warned against "head fakes" from inflation.

A floating production storage and offloading vessel operated by Energean Plc and set to produce gas for Israel passes through Egypt's Suez Canal in a picture dated June 5, 2022

Israel-Hamas Conflict Threatens EU-Egypt LNG Deal, Oxford Energy Institute Says

War in the Middle East has shaken up regional energy markets, as Israel's natural gas facilities hang in limbo and Egypt's energy grid struggles to stay online.

The US Federal Reserve is widely expected to hold interest rates steady at the end of its two-day gathering starting Tuesday

Fed Officials See 'Progress' On Slowing Inflation, More Data Needed

Tom Barkin said the economy is still to show impacts of higher rates, while Michelle Bowman said the current rate appears to be "restrictive."

Colombo Port now hopes to double its annual handling capacity of 7.2 million containers in four years

Washington's Funding Of Sri Lankan Port Terminal 'Brings The US And China Competition Closer To India'

The port will partly be owned by India's Adani Ports & Special Economic Zones Limited (APSEZ).

With the labour market still tight, investors are keeping a wary eye on US jobs data with a strong reading likely putting pressure on the Federal Reserve to hike interest rates further

Jobless Claims Fall Again After Two Weeks Of Increases

The four-week average rose to the highest level since mid-September.

Russia has warned that it would stop supplying oil to countries that impose restrictions

India Saves $2.7 Billion Importing Oil From Russia

India is the third-biggest oil importer and consumer in the world. More than 85% of its requirement is dependent on imports, and crude oil makes up about one-third of the country's overall imports by value.

Less than six months into his term, Brazilian President Lula has already met more foreign leaders than his predecessor, far-right ex-president Jair Bolsonaro, did in four years

Brazil Hedges Bets On Energy As Social Agenda Tops Lula's Priorities

Brazil has quickly emerged as Latin America's leading source of renewable energy—as well as its largest fossil fuel producer.

Fed Chair Jerome Powell will speak to reporters after the Fed's decision is announced

Powell Asks For 'Flexibility And Agility' From Fed Economists

The Federal Reserve chair didn't discuss the economy or interest rates in his speech.

The US housing sector became a popular place despite the overall economic downturn caused by the Covid-19 pandemic, as cheap mortgage rates and the disruptions caused by the virus spurred people to shop for homes

Mortgage Rates See Biggest Drop In More Than A Year

Applications for mortgages rose as lenders tried to take advantage of lower rates.

Stocks And Bonds Rally On Hopes Of The Fed Engineering A 'Golden Path' For The US Economy

The new narrative that renewed the interest of traders and investors on both debt and equities was floated by Chicago Fed President Austan Goolsbee in a CNBC interview on Tuesday morning.

Credit cards are pictured in a wallet in Washington, February 21, 2010.

Americans' Credit Card Debt And Delinquencies Jump Led By Millennials

A New York Fed study showed that the annual gain in credit card debt reached a record.

A lithium battery is seen at a store that collects electronic waste in Santiago

Lithium-ion Explosions Present Challenges To The Future Of Battery Technology

A viral video of a JetBlue passenger's mobile device spontaneously combusting made headlines last week. This may still be just the beginning of lithium-related explosions.

WeWork is back with a public share listing, two years after the high-flying office-sharing firm went into a tailspin that led to the cancelling of a planned share offering

WeWork Files For Bankruptcy With Almost $19 Billion In Debt

The company, which has locations in 37 countries, said the process only involves U.S. and Canada units.

Uber and Lyft agreed to pay $328 million to settle a New York probe that accused the companies of wrongfully deducting fees from drivers' pay

Uber Says Demand Is 'Stronger Than Ever' For Holiday Season

The company's forecast for bookings and adjusted Ebtida in the fourth quarter is above analysts' estimates.

Apple shares fell for a second straight day following reports of Chinese bans on use of iPhones at government buildings

Apple And Microsoft: Overvalued Or Undervalued?

Both companies are undervalued when the EVA growth of the two companies is compared to the growth in their market capitalization.

People walk past a CitiBank branch on Avenue of the Americas, in New York

Citigroup Considers Cutting At Least 10% Of Jobs: Report

The cuts are part of the bank's reorganization plan, CNBC said.

The 1929 Wall Street Crash marked the start of the Great Depression in the United States

Stocks And Bonds Surge As The Tone Changes On Wall Street – Will The Rally Last?

The S&P 500 ended at 4,358, up 4.8 % for the week; the Dow Jones at 34,061, up 4% and the tech-heavy Nasdaq at 13,478, up 5.1%.

The US government is notifying federal employees of an impending shutdown as Congress remains in deadlock

In Focus This Week: Israel Aid, Powell Speech, Uber, Disney Earnings

In politics, there will be a new debate of Republican presidential candidates; Donald Trump takes the stand in the civil trial against his family and company.