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Nissan unit scraps plan to make EV powertrains in UK, Nikkei says Source link
Stay informed with free updatesSimply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox.Investors will be watching the Federal Reserve’s preferred inflation gauge for clues about whether price rises are accelerating in the world’s biggest economy.Next week’s PCE, or personal consumption expenditures price index, is expected to echo recent measures that have signalled higher inflation in April, as the war in Iran drove up energy prices. Core prices, which exclude the volatile food and energy sectors and are the Fed’s preferred measure of underlying price pressures, will be most crucial to the central bank’s thinking.…
General view of lava surfacing on the Halema’uma’u crater of Kilauea volcano in Kilauea, Hawaii, U.S. September 29, 2021, in this still image provided by the USGS surveillance camera.USGS | via ReutersAn earthquake of magnitude 6.0 struck near Honaunau-Napoopoo on the Big Island of Hawaii late on Friday and the state’s volcano observatory was assessing the Kilauea volcano, the United States Geological Survey (USGS) said.Kilauea, one of the world’s most active volcanoes, is located on Hawaii’s Big Island.The volcano has been erupting episodically since Dec. 23, 2024.In an update earlier on Friday, the USGS’ Hawaiian Volcano Observatory said the next…
Miodrag Ignjatovic | E+ | David Paul Morris | Bloomberg | Getty ImagesU.S. consumers will shell out more for everything from fuel to hot dogs and hamburgers heading into Memorial Day weekend as the Iran War reignites inflation.Total inflation for shoppers rose 3.8% in April from the same month a year ago, the highest annual rate since 2023, according to federal government data released this month. Prices for travel, recreation and food saw especially sharp increases, draining Americans’ wallets as they ring in the unofficial start of summer.”They’re not going to be happy about what they see,” said Stephen Juneau,…
While the market has posted solid double-digit returns over the past three years, investors shouldn’t get their hopes up that the trend will continue, if history is any guide. According to SimCorp’s Melissa Brown, who cited data from Stocks, Bonds, Bills and Inflation (SBBI), the market may not see another strong year following three prior ones, as instances of four stellar consecutive years of more than 15% returns have been “rare” at only three since 1926. In 2023, 2024 and 2025, the market saw annualized returns of 26%, 25% and about 18%, respectively. With those gains, it is likely to…
With June rapidly approaching, analysts at Bank of America said there is a slew of top stock-buying opportunities. The firm said that companies like Visa have plenty more room to run. Other buy-rated stocks Bank of America analysts are bullish on include Zeta Global , Sprouts Farmers Market, United Rentals and Citigroup. Sprouts Farmers Market The grocery store chain is firing on all cylinders, the firm said. Analyst Robert Ohmes recently came away from investor meetings convinced that the company is on the right track as sales and margins remain robust. “We believe SFM’s targeted approach to price and promotions,…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Lingering mysteries from Berkshire’s portfolio updateThe large reduction in the number of stocks in Berkshire Hathaway’s equity portfolio that was revealed in last Friday’s first quarter 13F SEC filing was perhaps bigger than expected but it wasn’t a total surprise.The Wall Street Journal had reported new CEO Greg Abel would be selling many or all of the stocks formerly managed by Todd Combs, who left for a job at JPMorgan late last year.It’s harder to explain how the two new…
Natalie Bouriche, of Anaheim, sits on a cot where she spent the night, along with her son, Abde Atti, 16, seated behind her having evacuated to Freedom Hall, due to the chemical leak, on Saturday, May 23, 2026, in Fountain Valley, CA. Tens of thousands told to evacuate after a 34,000-gallon tank of methyl methacrylate leaked at an aerospace plastics facility, sending potentially toxic vapors into the air.Allen J. Schaben | Los Angeles Times | Getty ImagesAuthorities are bracing for the possibility that a damaged chemical tank in Southern California could leak or explode as an evacuation order continued into…
Construction cranes and an American flag outside of the White House in Washington, DC, US, on Thursday, April 16, 2026. Graeme Sloan | Bloomberg | Getty ImagesLaw enforcement authorities are responding to shots that were fired near the White House grounds, FBI Director Kash Patel said.Journalists working there Saturday reported hearing a series of gunshots and were told to seek shelter inside the press briefing room, where U.S. Secret Service officers prevented them from leaving.There were no immediate reports of any injuries. On X, Secret Service said it was “aware of reports of shots fired near 17th Street and Pennsylvania…
Why airlines look set for winter capacity cuts Source link