Tesla Shares Skid After Musk Flags Recession In China, Europe
At least six brokerages lowered their price targets on the stock, with Tesla bull Wedbush Securities making the biggest cut of $60 to bring its target to $300. Tesla's third-quarter revenue on Wednesday missed analysts' estimates.
Google Fined $162 Million By India Antitrust Watchdog For Abuse Of Android Platform
The Competition Commission of India (CCI) said Google leveraged its dominant position in markets such as online search and app store for Android, to protect the position of its apps like Chrome and YouTube in mobile Web browsers and online video hosting.
U.N. Says Guterres' Comments On Russia Have Not Harmed Communication With Moscow
Dujarric declined to comment directly on Polyanskiy's remarks.
Iranians In Crimea Helped Russia Target Ukraine With Drones - White House
"We assess that Iranian military personnel were on the ground in Crimea and assisted Russia in these operations," Kirby said.
Mexico Refinancing Debt To Help Next Government, Official Says
President Andres Manuel Lopez Obrador had asked the ministry to refinance as much debt as possible, as well as to lower costs and extend maturities, Yorio said.
Sierra EV Joins General Motors' Electric Truck Family In Early 2024
The first version, due in early 2024, is the fully loaded Sierra EV Denali Edition 1, which will be built in limited numbers and priced from $107,000.
Texas City Stops Migrant Busing As Venezuelans Pushed Back To Mexico
A spokesperson for El Paso said the busing program, which coordinated with Democratic mayors in receiving cities, is no longer needed as U.S. border authorities have stopped sending migrants to the city following the new expulsion policy.
St. Louis Fed To 'Think Differently' About Private Events After Citi Forum
The New York Times first reported Bullard's appearance at the event, which it noted was unpaid but might conflict with Fed communications rules that discourage Fed involvement in events that offer a "prestige advantage" to profit-making enterprises.
SoftBank Creates Committee To Oversee Vision Fund 2 - Memo
Alex Clavel will oversee investing teams in the United States and Latin America, Greg Moon will manage teams in Europe and Asia and Navneet Govil, Vision Fund's chief financial officer, will oversee other functional teams, Son wrote.
Meta, Alphabet, Pinterest Shares Shudder On Snap Warning
Snap was the first major social media company to release its September-quarter earnings, and its stock tumbled 25% following the disappointing results after the bell. Snap warned that it would see no revenue growth in the normally busy holiday quarter.
Repatriation Of Venezuelan Migrants From Mexico By Air To Begin Soon -sources
Mexico is grappling with a sharp increase in Venezuelans, both from those arriving on its southern border and due to thousands of expulsions from the United States following a deal last week aimed at curbing the flow of people.
Japan's Inflation Hits 8-year High In Test Of BOJ's Dovish Policy
The inflation data highlights the dilemma the Bank of Japan faces as it tries to underpin a weak economy by maintaining ultra-low interest rates, which in turn are fuelling an unwelcome slide in the yen.
Oil Steady As Rate Hike Talk Counters China Demand Hopes
Brent crude futures lost 12 cents to trade at $92.26 a barrel by 0219 GMT. U.S. West Texas Intermediate futures fell 4 cents to $84.47 a barrel.
The Big Reveal: Xi Set To Introduce China's Next Standing Committee
Xi's break with precedent to rule beyond a decade was set in motion when he abandoned presidential term limits in 2018.
Australia Aims For 'Responsible' Budget After UK Mayhem
Keen to avoid any echo of the mayhem caused by Britain's recent mini-budget, Treasurer Jim Chalmers has put the accent on "responsible" for his effort, foreshadowing restraint on spending to support the Reserve Bank of Australia's (RBA) struggle against runaway inflation.
Australia Pledges Millions For Police Deployments In Solomon Islands
China's increasing presence in the Pacific, including entering a security pact with Solomon Islands in April, has raised concerns for the United States and ally Australia.
Asian Shares Lower, Yields Rise On Aggressive Rate Hike Jitters
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.55% but above the two-and-a-half year low it touched on Thursday.
As Intervention Threat Grows, Japan Says FX Speculators Dealt With 'Strictly'
Suzuki was speaking as the dollar strengthened to 150.29 yen overnight, the highest since August 1990, after breaking the key psychological level of 150 on Thursday.
Instacart Pulls IPO On Volatile Market Conditions - Sources
Instacart has not completely ruled out the option to go public, a source said, but added that the plans to list the company in 2022 looks extremely unlikely.
BOJ, Battling Rising Yields, Will Conduct Emergency Bond Buying For 2nd Day
In its latest move to curb elevated yields, the BOJ said it would conduct an emergency operations, offering to buy 100 billion yen ($665.56 million) of bonds with maturities between 10 and 25 years.
Fed's Harker Says High Inflation Calls For More Rate Hikes
Fed officials have penciled in around a 4.6% stopping point for rate rises by next year, but some policy makers and outside forecasters believe a higher rate will be needed given the persistence of inflation.
Kevin Spacey Wins In Civil Sexual-abuse Case Brought By Actor Rapp
The verdict followed a three-week trial in Manhattan federal court and came roughly two hours after jurors began deliberating.
Analysis-Method Or Madness? Berlusconi's Russia Stance Hurts Meloni And Italy
Berlusconi is a long-time friend of Russian President Vladimir Putin and this week reiterated his sympathy for him, accusing Ukrainian President Volodymyr Zelenskiy of triggering the war.
Explainer-Yen Is Past Key 150 Threshold. What's Next?
Japan spent roughly 2.8 trillion yen ($18.6 billion) in dollar-selling, yen-buying intervention last month, when authorities acted in the markets to prop up the yen for the first time since 1998.
Russian Oligarch's Luxury Yacht Departs Hong Kong Port
Mordashov, a billionaire close to President Vladimir Putin, was among a number of Russians sanctioned by the U.S. and European Union - but not the United Nations - after Russia's invasion of Ukraine for their links to Putin.
Ukraine Insurance Costs Surpass Iraq War Levels, Industry Sources Say
A typical policy covers accidental death and dismemberment, emergency evacuation, repatriation and out of country medical benefits.
Child Sex Abuse In Britain Is Epidemic, UK Inquiry Says
The Independent Inquiry into Child Sexual Abuse (IICSA), one of the largest and most expensive investigations of its kind ever undertaken in Britain, said it was a global crisis, where children would be at risk unless urgent action was taken.
Blackstone's Earnings Fall 16% On Sharp Drop In Asset Sales
Financial markets have been rocked by geopolitical unrest from the Russia-Ukraine conflict and rising interest rates by central banks, which have prevented private equity firms like Blackstone from cashing out their investments for top dollar.
Philip Morris Sweetens Buyout Bid For Swedish Match
Philip Morris increased its bid by more than 9% to 116 Swedish crowns per share and said that the offer was its "best and final price".
Analysis-Falling Demand For COVID Boosters Puts Price Hikes On The Table
A recent poll by Kaiser Family Foundation found that two-thirds of American adults do not plan on getting a COVID vaccine soon