Analysis: U.S. trucking downturn foreshadows possible economic gloom
Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing.
Analysis: Yen’s past points to more pain ahead
The yen has tumbled 10% to a two-decade low to the dollar in a matter of weeks. But history suggests that still isn’t cheap, and investors are betting that it’s going to fall even further.
Netflix feels the heat as pandemic boom fizzles
Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue.
Analysis: Wealth shock – property bust in small Chinese cities rattles households
Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in the world’s second-largest economy.
African startups drew record $5.2 billion in venture capital last year, industry group says
African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday.
European shares fall as Ukraine crisis, Fed tightening worries weigh
European shares were set for their worst day in nearly two weeks on Tuesday as worries about the war in Ukraine, aggressive monetary policy tightening by the U.S. Federal Reserve and a batch of upcoming earnings kept investors on edge.
Cryptoverse: Gold coins glimmer amid the global gloom
A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation.
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency’s slump to two-decade lows versus the dollar would damage the economy by pushing up living costs at a time wage growth remains slow.
Benettons, Blackstone to launch bid for Atlantia this week – sources
The Benettons and U.S. investment fund Blackstone (BX.N) are aiming to launch a takeover offer for Italy’s Atlantia (ATL.MI)this week without involving directly other partners for now, two sources close to the matter said on Monday.
Global growth optimism at all-time low, fund manager survey finds
Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, a monthly survey by investment bank BoFA Securities showed on Tuesday.
