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July 1, 2022

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RH shares slide after company lowers its outlook for the year

CNBC
CNBC – For more and to sign up click here Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year. The company......

Indian shares hit over two-week high on oil slide, tech boost

Reuters
A man looks at a screen displaying budget news, on a facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, February 1, 2022. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 27 (Reuters) – Indian shares touched a more than two-week high on......

Stocks up as commodity slide offers a salve for inflation fears

Reuters
Men wearing protective masks amid the coronavirus disease (COVID-19) outbreak, use mobile phones in front of an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan June 16, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 24 (Reuters) – Stocks and......

U.S. home sales slide as prices break above $400,000 for first time

Reuters
Existing home sales fall 3.4% in May Median house price surges 14.8% to $407,600 from year ago Housing inventory falls 4.1% from year ago Chicago Fed National Activity Index falls to 0.01 in May WASHINGTON, June 21 (Reuters) – U.S. existing home sales tumbled to a two-year low in May......

China’s May gasoline exports plunge, LNG imports slide

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7%......

Asian stocks slide as Wall Street tips into bear market

Reuters
HONG KONG, June 14 (Reuters) – Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears aggressive U.S. interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan......

Oil prices slide on Beijing COVID warning, inflation concerns

Reuters
Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 13 (Reuters) – Oil prices slipped more than $2 on Monday as a flare-up......

Stocks slide, short-end yields jump on hot CPI print

Reuters
NEW YORK, June 10 (Reuters) – U.S. stock futures turned negative and European shares fell further on Friday after higher-than-expected U.S. consumer price data for May fueled inflation concerns and likely kept the Federal Reserve on track to aggressively hike interest rates. The consumer price index increased 1.0% last month......

Bonds slide, yen dumped as interest rate hikes loom

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Johnson survives, but gilt selloff hits mood......

Bodies of two workers found buried under 60 feet of coal after slide at Colorado power plant

CBS News
CBS News – For more and to sign up click here A slide on an 80-foot-high coal pile killed two workers Thursday at a southern Colorado coal-fired electricity generating plant, authorities said after a day-long search for the victims. Rescuers found the bodies of the two men buried beneath about......

Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions

CNBC
CNBC – For more and to sign up click here All eyes are on whether Saudi Arabia will raise crude production if Russia’s output significantly falls following European Union oil sanctions. Andrey Rudakov | Bloomberg | Getty Images Oil prices dropped more than 2% following a report that Saudi Arabia......

TSX gives back monthly gain as resource shares slide

Reuters
TSX ends down 190.06 points, or 0.9%, at 20,729.34 For the month, the index falls 0.2% Energy sector pulls back 2.8%; oil settles 0.4% lower Materials group loses 1.4% TORONTO, May 31 (Reuters) – Canada’s main stock snapped its recent winning streak on Tuesday, pressured by a drop in resource......

Jamie Dimon’s JPMorgan says bitcoin’s slide has created ‘significant upside’ for crypto investors

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CNBC – For more and to sign up click here Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its price......

A major slide in this tech stock allows us to be buyers again

CNBC
CNBC – For more and to sign up click here We’re making a few trades in the portfolio Friday, selling a less favored name to buy higher quality stocks. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Royal Mail’s profit outlook shaky on labour dispute; shares slide

Reuters
Shares hit near one-and-a-half-year low 2021-22 adjusted operating profit misses market expectations Royal Mail says CWU dispute a ‘key uncertainty’ this year May 19 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal......

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Reuters
Bitcoin hits intra-day high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called......

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