Author: franperez66q@protonmail.com
Volkswagen CEO flags 50,000 extra job cuts to staff as costs squeezed Source link
One reason SpaceX isn’t attempting an orbital flight this week is Starship’s failure to complete one of its test objectives on the last launch, when the spacecraft was supposed to ignite one of its six Raptor engines for a brief burn in space. The spacecraft skipped the burn after a Raptor engine shut down prematurely during the launch sequence. The rest of the ship’s flight went according to plan, culminating in a pinpoint splashdown in the Indian Ocean. It was the first flight of SpaceX’s Starship V3 debuting new, more powerful Raptor engines. But officials need confidence in the Raptor…
This frame grab taken from AFPTV video footage on July 12, 2026 shows a cargo ship anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan. – | Afp | Getty ImagesThe U.S. launched strikes against Iran for a third consecutive night on President Donald Trump’s orders, while Iranian missiles hit two Emirati oil tankers in the Strait of Hormuz and triggered air-raid warnings across the Gulf. U.S. Central Command said the strikes would continue “imposing a heavy cost on Iranian forces” and degrade Tehran’s capacity to attack shipping in the Strait…
APA Corporation’s Beryl Alpha oil platform in the North Sea.Courtesy: APA CorporationOil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies. U.S. West Texas Intermediate futures for August delivery rose 2.27% to $79.91 per barrel. International benchmark Brent crude futures for September delivery climbed 2.14% to $85.11, extending gains after advancing 9.6% in the previous session.Trump said Monday that the U.S. will levy fees on ships transiting the Strait of Hormuz, charging “at the…
California-led states sue to block Paramount’s $110 billion Warner Bros Discovery deal Source link
CNBC’s Jim Cramer said Monday that tech stocks remain the market’s best hunting ground for investors looking for outsized gains.”The tech companies, especially big tech, just have so much more to offer than the rest of the market,” the “Mad Money” host said.As oil prices climbed Monday after President Donald Trump announced he was reinstating a blockade on Iran in the Strait of Hormuz, investors rotated into sectors that typically benefit from higher energy prices. Cramer argued companies in those industries are unlikely to produce the kind of long-term returns that technology companies can generate through new products, strategic initiatives…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Monday and what’s on the radar for Tuesday’s session. The banks start reporting live on ‘Squawk Box’ Bank of America is up 11.5% in the three months since last reporting. The stock is 2% from its July high. Citigroup is up 11% in three months, and is 5% from its June 18 high. Goldman Sachs is up 17% in…
US states tap private law firm Milbank to fight Paramount-Warner Bros deal Source link
A US citizen doing humanitarian work in the Democratic Republic of Congo has tested positive for Ebola, marking the second American infected amid the DRC’s explosive Ebola outbreak—and the second to be sent for care in Germany rather than the US. The Ebola outbreak, which was first declared on May 15, is already the third largest on record and still growing. As of July 12, the DRC has reported 1,926 cases and 702 deaths in the outbreak, which is caused by the lesser-known Bundibugyo strain of Ebolavirus. Under the Trump administration, the US has adopted a seemingly isolationist approach, implementing…
A Japanese 10,000-yen banknote arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. Bloomberg | Bloomberg | Getty ImagesJapanese government bond yields have been hitting multi-decade highs, with benchmark 10-year reaching levels not seen since 1996 last week. While Japanese bonds have been selling off amid policy normalization by the Bank of Japan and concerns over Japanese Prime Minister Sanae Takaichi’s spending plans, experts say that the asset class deserves another look from investors. “JGBs are increasingly moving from “uninvestable” to “investable” for global bond investors,” according to Masahiko Loo, senior fixed income strategist at State Street Investment Management. Loo said…