Business

European markets rise as positive global momentum continues

European markets rise as positive global momentum continues

LONDON – European equities rose on Monday, continuing a positive trend seen in late last week’s trading. The pan-European Stoxx 600 index added 0.7% in early trading, with basic resources jumping 2.9% to lead the gains as all sectors and major exchanges entered positive territory. Monday’s higher open comes after the European blue chip index …

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Kraft Macaroni & Cheese changes its name to Kraft Mac & Cheese

Kraft Macaroni & Cheese changes its name to Kraft Mac & Cheese

Kraft Macaroni & Cheese is taking three syllables from its name. The world-famous instant noodle company has announced that it has shortened the brand name to Kraft Mac & Cheese after 85 years in business. The macaroni and cheese giant revealed in a press release released on Wednesday, June 22, that the name change is …

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Ethereum Rival Falls As Hackers Drain Around $100,000,000 From Its Crypto Bridge - The Daily Hodl

Ethereum Rival Falls As Hackers Drain Around $100,000,000 From Its Crypto Bridge – The Daily Hodl

An Ethereum (ETH) competitor is taking a huge hit after hackers drained approximately $100 million worth of cryptocurrencies from its cross-chain bridge. The Harmony Team (ONE) it says The breach took place on the morning of June 24 at the Horizon bridge, which allows users to move crypto between Ethereum, Binance Smart Chain and Harmony. …

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“Inflation forecasts aren't worth the paper they're written on”: This is the Bank of Canada's reaction to inflation, but it's the same in the US and elsewhere

“Inflation forecasts aren’t worth the paper they’re written on”: This is the Bank of Canada’s reaction to inflation, but it’s the same in the US and elsewhere

“Why the current tightening cycle is unlike anything we’ve seen in the past.” By Wolf Richter for WOLF STREET. When the Canadian Consumer Price Index for May was released a few days ago, it was – “as expected”, I would say – much worse than expected and once again outperformed the Bank of Canada’s inflation …

“Inflation forecasts aren’t worth the paper they’re written on”: This is the Bank of Canada’s reaction to inflation, but it’s the same in the US and elsewhere Read More »

Exclusive Nike will leave Russia entirely

Exclusive Nike will leave Russia entirely

People walk past a closed store of sporting goods retailer Nike at a shopping mall in Saint Petersburg, Russia May 25, 2022 REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Record PARIS/COPENHAGEN/LONDON, June 23 (Reuters) – Nike (NKE.N) is leaving Russia three months after suspending its operations there, the U.S. sportswear maker told …

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Elon Musk Says Tesla's New Factories Are "Money Furnaces" That Are "Losing Billions of Dollars"

Elon Musk Says Tesla’s New Factories Are “Money Furnaces” That Are “Losing Billions of Dollars”

Tesla’s new factories in Texas and Germany are “losing billions of dollars” as the electric car maker struggles with production due to supply chain disruptions and battery shortages, Elon Musk said in an interview released on Wednesday. What is he saying: “The factories in Berlin and Austin are giant money furnaces now,” said Musk in …

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UK inflation hits new 40-year high of 9.1% as food and energy price increases persist

UK inflation hits new 40-year high of 9.1% as food and energy price increases persist

More than four in five people in the UK are worried about the rising cost of living and their ability to pay for basic necessities like food and energy in the coming months, according to new research. Tolga Akmen | afp | Getty Images LONDON – UK inflation hit 9.1% in May from a year …

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