Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” JimWatson | AFP | Getty Images Tesla CEO Elon […]
The UK economy shrank by 0.1% in March and the situation is expected to worsen as the country’s cost-of-living crisis escalates. Tim Ireland | Xinhua News Agency | Getty Images LONDON — A growth slowdown is underway in the UK after the economy shrank by 0.1% in March, with economists expecting further contractions this year. […]
Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will likely go up more (see the lowest mortgage rates you can qualify for here). But some markets are now a lot […]
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Ching | Bloomberg | Getty Images BlackRock, the largest asset manager in the world, said it will likely vote to support fewer climate proposals from companies in its investment […]
US stock futures declined, pointing to a second day of turbulence in markets driven by stronger-than-expected US inflation. Futures tied to the S&P 500 fell 0.6% after the broad-market index closed down 1.7% on Wednesday. Nasdaq-100 futures retreated 1%, suggesting more losses for technology stocks after the opening bell. Stocks are coming under pressure due […]
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged […]
May 12, 2022 3:40 a.m. ET US stock futures slipped ahead of producer-price figures, a day after consumer-inflation data showed signs of moderating but still came in ahead of economists’ expectations. Futures on the S&P 500 were down 0.5% and futures on the Dow Jones Industrial Average slipped 0.4%. The contracts don’t necessarily predict market […]
LONDON — European stocks are expected to fall sharply at the open as global markets digest the latest inflation reading out of the United States. The reading has sparked concerns that a path of aggressive rate hiking lies ahead. The UK’s FTSE index is seen opening 88 points lower at 7,251, Germany’s DAX 216 points […]
LONDON — European stocks are expected to fall sharply at the open as global markets digest the latest inflation reading out of the United States. The reading has sparked concerns that a path of aggressive rate hiking lies ahead. The UK’s FTSE index is seen opening 88 points lower at 7,251, Germany’s DAX 216 points […]
Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty ImagesNews | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. The […]