Employees at billionaire Chris Ellison’s mining company have already been banned from working from home, and going outside for coffee could be the next privilege at risk. “I want to keep them locked up all day,” Ellison, CEO of Mineral Resources Ltd., said Thursday. “I don’t want them to leave the building. I don’t want […]
(Bloomberg) — Technology stocks rebounded from Nvidia Corp.’s hasty selling after traders said the company’s results, which showed revenue doubled in the quarter, underscored the profitability of artificial intelligence. Most read by Bloomberg Nasdaq 100 index futures rose 0.3 percent after previously falling as much as 1.4 percent. S&P 500 contracts also rose and Germany’s […]
(Bloomberg) — Fermat Capital Management, one of the world’s largest investors in catastrophe bonds, says fears about this year’s hurricane season have already significantly dented returns. Most read by Bloomberg “Returns in May were low and even negative for many funds,” said Brett Houghton, managing director at Fermat, in an interview. “Widespread fears of a […]
(Bloomberg) — Ahead of highly anticipated results from Nvidia Corp., the last of the Magnificent Seven, renewed volatility gripped stock prices. Most read by Bloomberg Losses led the tech sector in another low-volume session that saw the S&P 500 headed – at times – for its biggest drop since the Aug. 5 collapse. The index […]
(Bloomberg) — Cody Chiverton has spent the last decade setting fires. A former U.S. Forest Service firefighter, he’s been involved in dozens of controlled fires across the American West in which fire crews use drip torches to ignite dry vegetation, leaving behind flames and smoke. Most read by Bloomberg But in June, Chiverton conducted a […]
China’s top-selling automaker BYD Co. expects overseas shipments to account for nearly half of total sales in the future, suggesting the company will continue to build global manufacturing centers to avoid high tariffs. “Our foreign market will account for a relatively large proportion of our global sales in the future,” Executive Vice President Stella Li […]
(Bloomberg) — The average Chinese person can expect to live two years longer thanks to the country’s efforts to clean skies, according to a University of Chicago study. Most read by Bloomberg China has reduced air pollution by 41 percent in the decade to 2022 thanks to stricter government measures, the university’s Energy Policy Institute […]
(Bloomberg) — Oil prices have stabilized after a three-day rally, with the threat of a supply freeze from Libya weighing on the still uncertain demand forecast. Most read by Bloomberg Brent oil traded above $81 a barrel, having gained about 7 percent since Wednesday, its biggest three-day winning streak since April last year. West Texas […]
(Bloomberg) — After a rapid rally that brought the market close to its all-time highs, stocks have struggled to recover. Most read by Bloomberg A drop in prices interrupted the S&P 500’s longest winning streak in 20 years. In contrast to the “extremely negative momentum” during the panic selling in early August, “euphoria” has taken […]
(Bloomberg) — The world’s hottest gambling stock is benefiting from strong demand for online betting in the Philippines, even as the industry faces increasing global scrutiny. Most read by Bloomberg DigiPlus Interactive Corp. shares have risen 145% so far this year, more than any other casino stock with a market value of over $1 billion. […]
