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The U.S. economy added fewer jobs than expected in July, data on Friday showed, resulting in the dollar falling to a one-week low against a basket of currencies. However, the jobs report also showed solid wage gains and a decline in the unemployment rate, indicating that the labor market remains tight and inflationary pressures remain. With the Federal Reserve clearly looking at […]
(Reuters) – Berkshire Hathaway (NYSE:BRKa) on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Rising interest rates, and better results at the Geico car insurer, allowed Berkshire’s insurance businesses to generate more money in […]
The controversial Worldcoin project had a serious security vulnerability, CertiK has disclosed on X (formerly known as Twitter). Worldcoin pays people to become part of its World ID ecosystem by submitting scans of their irises through a device World coin calls an Orb. According to security platform CertiK, the vulnerability in the vetting process for […]
Investing.com– Oil prices rose slightly on Thursday after steep losses in the prior session, with a recovery in the dollar largely offsetting optimism over data showing a substantial drop in U.S. oil inventories over the past week. Increased risk aversion, after ratings agency Fitch downgraded the U.S. sovereign rating, also spurred oil traders to take […]
HONG KONG (Reuters) -Shares of Ever-grande Property Services Group shed 50% of their value on Thursday when trading resumed after 16 months, following the release of its financial results and the end of an investigation into misused funds involving its parent. The property services firm was dragged into financial troubles after its parent, China Evergrande […]
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it points to labor market resilience. Private payrolls rose by 324,000 jobs last month, the ADP National […]
Merck (NYSE:MRK) shares are moving higher in early Tuesday trading after the company reported a better-than-expected set of second quarter results and full-year guidance. Merck reported a loss per share of $2.06 on revenue of $15 billion, while the Street was looking for a loss per share of $2.18 on revenue of $14.43B. Revenue rose 3% year-over-year […]
Investing.com — Gold prices edged lower on Tuesday, although futures remained largely ahead of spot rates, while copper prices were underpinned by growing expectations of more stimulus measures in China. December futures for the yellow metal cleared the closely-watched $2,000 an ounce level on Monday, amid increasing bets that the Federal Reserve will wind down […]
The full launch of the Japanese division of major cryptocurrency exchange Binance will take place in August. It has become known that at launch the platform will provide the opportunity to trade 34 tokens. It is not yet known which tokens will be available to Japanese customers. But it is already clear that Binance will […]
Meta shares are surging after the social media giant posted third quarter revenue projections that beat expectations and the release of the U.S. GDP is expected to show the economy remained steady in the second quarter. Here’s what investors need to know today. Meta Shares Pop After Strong Earnings, Forward Guidance Meta (META) shares surged more […]