Rio Tinto says the global economy is resilient, and inflation is falling despite instability in China – Business News (Trending Perfect)

[ad_1] Rio Tinto says the global economy is resilient and inflation is trending down despite an unstable recovery in China, energy prices and shipping costs remaining volatile, and iron ore shipments falling over the past three months due to bad weather that has disrupted its ports. The mining giant says iron ore depletion at its … Read more

Dow futures rise after stocks shrug off Powell; Super micro flashes buy signal – Business News (Trending Perfect)

[ad_1] Dow futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures. Chip equipment giant ASML (ASML) reports before opening on Wednesday. X The weak rally in the stock market was relatively quiet on Tuesday. Major indices closed narrowly mixed. Federal Reserve Chairman Jerome Powell said Tuesday afternoon that recent data shows … Read more

United Airlines (UAL) Q1 2024 earnings – Business News (Trending Perfect)

[ad_1] A United Airlines Boeing 737 MAX 9 landed at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines The company on Tuesday lowered its forecast for aircraft deliveries for this year as it faces delays Boeingthe latest airline to face growth challenges due to the plane manufacturer's safety crisis. United expects to … Read more

Yen falls to 155 against the US dollar Currency collapse in action, -32% against the US dollar since 2021, -50% since 2012 – Business News (Trending Perfect)

[ad_1] The currency collapse has turned out to be the price Japan is now paying for years of insane monetary policies. Written by Wolf Richter for WOLF STREET. Today, the yen fell to 154.7 yen to the US dollar, its lowest level in 34 years, despite endless copy-and-paste operations by Japanese authorities and some market … Read more

Stocks sway as earnings roll in – Business News (Trending Perfect)

[ad_1] New residential construction, including single-family and multi-family homes, fell by the most in four years as higher mortgage rates dampened housing activity. The number of home starts fell 14.7% month-over-month in March, falling from an annual pace of 1.55 million units to 1.32 million units annually, according to Census Bureau data released Tuesday. Single-family … Read more

The boom in manufacturing and technology is driving demand for industrial property – Business News (Trending Perfect)

[ad_1] β€œIn the past few decades, the nature of manufacturing has shifted from heavy industry to high-tech production, especially consumer goods and food/pharmaceutical products. With the advent of e-commerce, supply chain reliability continues to be a key focus for businesses as consumers expect quick delivery of products. Curtis said the desire for a quick and … Read more

Bank of America (BAC) Q1 2024 earnings – Business News (Trending Perfect)

[ad_1] Bank of America Chairman and CEO Brian Thomas Moynihan testifies during a Wall Street oversight hearing by the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, D.C., December 6, 2023. Saul Loeb | AFP | Getty Images American bank On Tuesday, it reported first-quarter earnings that beat analysts' estimates for … Read more

Star proposed burying $3.2 million in cash losses: ex-CFO claims – Business News (Trending Perfect)

[ad_1] The former chief financial officer of Star Entertainment Group has accused the company of conspiring to misunderstand the group's financial statements and called out chief executive Robbie Cook for allegedly concealing the extent of its debt struggles from the wider executive team. Christina Katsipuba, who abruptly announced her resignation late last month, told the … Read more

China's GDP in the first quarter grows 5.3% thanks to strong manufacturing – Business News (Trending Perfect)

[ad_1] Editor's note: Subscribe to CNN's Meanwhile in China Newsletter Which explores what you need to know about the country's rise and how it is affecting the world. Hong Kong CNN β€” China's economy grew stronger than expected at the beginning of this year, mainly due to strong growth in high-tech manufacturing. Gross Domestic Production … Read more

The Senate turns CEO flogging into an Olympic sport – Business News (Trending Perfect)

[ad_1] Instead, the Woolworths boss repeated the mantra (at least ten times) that this was not the metric the company was focusing on – and that it preferred to use return on investment, or total return to shareholders. download The controversy reached farcical levels when McKim threatened to hold Banducci in contempt of court and … Read more