China has set out a five-year strategy to overhaul its retail sector as part of broader efforts to strengthen domestic demand and generate employment. Under the new guideline, authorities aim to build a modern retail system and develop several globally competitive retail enterprises by 2030. The envisaged system is expected to combine quality goods, better…
September S&P 500 E-Mini futures (ESU26) are down -0.11%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.41% this morning, taking a breather after a chip-led rally in the prior session, with all eyes on the U.S. trading debut of SK Hynix. Chip and AI infrastructure stocks slipped in pre-market trading as investors turned cautious…
By Anna Szymanski July 10 (Reuters) – From the Editor Hello Morning Bid readers! The Strait of Hormuz briefly faded from the spotlight in recent weeks amid chip stock ructions, World Cup drama, and heat waves, but another round of tit-for-tat strikes between the U.S. and Iran this week put the narrow waterway back at…
Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday. Oil prices have plunged since the…
Every great economic era has been defined by a fight over a single resource. In the 19th century, it was coal, and the British Empire was built on top of it. In the 20th century, it was oil, and the modern Middle East and American postwar dominance were both shaped by who controlled the flow….
July 9 (Reuters) – OpenAI’s CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and pivot to a part-time advisory position at the ChatGPT maker, following an extended medical leave for a neuroimmune condition. “Three months ago, I had to go on medical leave after a severe…
By Libby George LONDON, July 10 (Reuters) – Shifting geopolitical alliances are pushing sovereign wealth funds to place greater emphasis on strategic national priorities — from resilient infrastructure to key domestic industries — alongside investment returns, a study released on Friday showed. The study by Spain-based IE University found sovereign wealth funds managing more than…
Key Points Interested in WD-40 Company? Here are five stocks we like better. WD-40 posted strong Q3 results, with consolidated net sales up 24% year over year to $195.1 million and non-GAAP diluted EPS rising to $2.33 from $1.54. Operating income climbed 47%, showing significant operating leverage. Growth was broad-based across regions and product lines,…
While financial desks obsess over paper structures and Brent crude briefly flirted with contango, the broader market is missing the forest for the trees. Brent crude‘s recent rebound from $71 to $79 a barrel is not merely a brief short-covering bounce; it is the first tremor of an underlying structural deficit. The financial side of…
January 20, 2025. Donald Trump walks back into the White House. Bitcoin is touching $109,000. Gold is steady at $2,697 an ounce. And a meme coin bearing the president’s name is a few days old and trading around $35, already down sharply from its launch peak of $74. Six months on, those three assets have…
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