As energy is drained, someone told me this week how tech is now the long trade. Where have I heard that before? Also, let's look at the risks of the tech comeback.
India's newest budget carrier Akasa Air, which is backed by billionaire Rakesh Jhunjhunwala, began commercial operations on Sunday with a maiden flight from the financial capital of Mumbai to the city of Ahmedabad. Starting from Sunday, Akasa Air will operate weekly flights from Mumbai to Ahmedabad, a commercial hub in the neighbouring state of Gujarat, the company said in a statement. "We want to serve our country by creating strong transportation links which are the underpinning of any economic growth engine" Vinay Dube, founder and CEO of the airline said in the statement.
- Business Insider
This map shows where Europe gets its natural gas - and why economic disaster is looming if Russia cuts off its fuel supply
Russia has stoked up an energy crisis in Europe by cutting the capacity of the Nord Stream 1 pipeline. Here's where the continent gets its natural gas.
The popularity of Wendy's Biggie Bag is rising as are prices on everything -- except the Biggie Bag. The choices to toss in the bag are a Jr. Cheeseburger, Crispy Chicken BLT, or a Double Stack. The Biggie Bag still includes a 4-piece chicken nugget, small fries, and a small drink.
Several states have seen gasoline prices drop to three bucks or lower as crude oil prices have continued to decline.
- Insider Monkey
This is the second part of our article titled 10 Best Technology Stocks to Buy Now. We discussed why technology sector is the best place to look for long-term winners as well as how we determined the best stocks within this sector in the first part. You can read the first part of this article […]
- Motley Fool
The rebound in Ford's U.S. deliveries should give investors more confidence in the underlying demand environment.
The American motor industry giant announced last year that it would close its Indian car factories.
From long lines to delays and cancellations, airports around the world have been trying to manage a post-pandemic travel surge with a shortage of staff. WSJ follows an American Airlines pilot through the disruptions to unpack how airlines are trying to fix it. Photo Composite: Emily Siu
Oil futures fall Monday as worries over crude supply appeared to fade and demand worries remain in place.
- USA TODAY
Lead analyst for GasBuddy, Patrick De Haan says gas prices are going down but that drop is being held by a string and it won't take much to break it.
- Business Insider
"We forecast that US retail fuel prices will rally into year-end," Goldman Sachs analysts said, in unwelcome news for American drivers.
LONDON (Reuters) -Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China and the United States. Erasing earlier gains, Brent crude futures were down $1.54, or 1.6%, at $93.38 a barrel by 1128 GMT. Both contracts recouped some losses on Friday after jobs growth in the United States, the world's top oil consumer, unexpectedly accelerated in July.
BEIJING (Reuters) -China's export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could start to drag on shipments in coming months. Exports rose 18.0% in July from a year earlier, the fastest pace this year, official customs data showed on Sunday, compared with a 17.9% increase in June and beating analysts' expectations for a 15.0% gain.
(Bloomberg) -- Investors are turning to some thematic exchange-traded funds to hedge against inflation and take advantage of the renewed performance of value stocks this year, according to Jay Jacobs, US head of thematics and active equity ETFs at BlackRock Inc. Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedWinners and L
Apple has reportedly warned Taiwanese suppliers to ensure shipments to China comply with a longstanding labeling regulation following House Speaker Nancy Pelosi’s recent visit to Taipei.
- Washington Post
Despite support from seven Senate Republicans, an amendment to include a $35 insulin price cap in the Inflation Reduction Act failed to reach the 60-vote threshold on Aug. 7.
(Bloomberg) -- Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit still frequently rattle the main street.Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump t
The state average has now declined a total of $1.10 per gallon since setting a new record high of $4.89 on June 13th.
(Bloomberg) -- Baidu Inc. has won approval to deploy the first fully autonomous self-driving taxis on China’s roads, giving it an edge over rivals like Pony.ai Inc. and XPeng Inc.Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedWinners and Losers in Democrats’ Signature Tax and Energy BillUS Inflation Peak in Sight But Deba
India could scrap a 40% duty on wheat imports and cap the amount of stocks traders can hold to try to dampen record high domestic prices in the world's second biggest producer, government and trade officials told Reuters on Monday. The South Asian country barred wheat exports in May after the crop suffered a heatwave, but domestic prices still rose to a record high. If the government does remove the duty, and international prices also fall, then traders say they could start importing, especially during the upcoming festival season, when higher demand typically drives domestic prices higher.