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Stocks advance with all eyes on Fed chair's speech

Stocks rose on Friday ahead of a keenly awaited speech by US Federal Reserve Chair Kevin Warsh as investors seek clues about the outlook for interest rates amid stubbornly high inflation in the world's biggest economy.

MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster

MEXC, a pioneer in 0-fee digital asset trading, has launched Earn Plus, a new flexible savings product, and introduced a limited-time event that offers eligible users an APR boost of up to 800%.

Last news

India and Sri Lanka to consider land link

India and Sri Lanka agreed Friday to consider building a land link between them, they said during President Ranil Wickremesinghe's first visit to the regional powerhouse, as Chinese influence grows on his island.

Stocks mixed after tech drubbing

Global stock markets wavered on Friday, a day after shares in major tech firms took a beating and as investors brace for a week of interest rate decisions.

Synthetic drug 'kush' ravages Sierra Leone's young

Their lives are mired in poverty and despair.

McDonald's opens misconduct unit after UK allegations

McDonald's UK has opened a specialist unit to investigate allegations of racial and sexual misconduct exposed by the BBC, its boss announced Friday.

Stocks mixed as markets eye more US rate hikes

Asian and European stock markets traded mixed Friday as a drop in US jobsless claims revived expectations of two more interest-rate hikes from the Federal Reserve, adding to worries about China's economy.

Top rice supplier India bans some exports

The world's biggest rice exporter India has banned some overseas sales of the grain "with immediate effect", the government said, in a move that could drive international prices even higher.

Markets fluctuate as US jobs data knocks rate hopes

Asian equities wobbled again Friday at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China's economy.

Opposites attract: 'Barbenheimer' double debut to rock US, Canada

An iconic doll ready to paint the world pink and the scientist who helped invent the atomic bomb -- an unlikely pair and apparently a match made in box office heaven.

Growing climate risks fuel surge in US home insurance costs

When Jack Hierholzer moved back to Pensacola in the Florida panhandle, it felt like a homecoming.

Brazil's Embraer to build flying taxis in Sao Paulo

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture electric flying taxis that could take off as soon as 2026.

Uncertain outlook weighs on American Airlines shares despite blowout Q2

American Airlines reported blowout second-quarter earnings on Thursday on strong demand and lower jet fuel prices, but shares still tumbled on disappointment with the company's outlook.

Brazil's Embraer to start building flying taxis

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paolo to manufacture flying taxis that could take off as soon as 2026.

After Hollywood strike, Broadway staves off industrial action

A tentative agreement was reached in New York Thursday to avert a strike that threatened to shut most Broadway shows, as Hollywood remains on hold over historic industrial action.

Biden promises 'American dream' in shipyard speech on economy

President Joe Biden on Thursday visited a shipyard symbolizing the industrial boom he hopes will put wind in his re-election campaign's sails, even if polls show most Americans cool on him continuing as their economic captain.

Amazon expands pay-by-palm service in US grocery stores

Customers shopping at Amazon's US-based Whole Foods grocery stores will be able to pay for items by hovering their palm over a scanner, much like shoppers already do with smartphones or credit cards.

Under Texas abortion ban, a mother watches her baby die

A scan revealed that Samantha Casiano's unborn child had serious health detects and would not survive outside the womb for more than a few hours.

Russian bombs target frontline Ukraine chemical plant

The Russian high-explosive bombs started falling around the frontline Ukrainian chemical plant about three months ago.

Stock markets mixed as corporate results flood in

Wall Street indices wavered on Thursday as investors tracked a slew of corporate earnings including disappointing results for Tesla and Netflix.

'No way out': Ukraine farmers lament collapse of grain deal

Vitaliy Bylenko looked ruefully at the mountains of grain in his barn, contemplating the growing obstacles to shifting the stockpiles after Russia this week exited a deal allowing Black Sea exports.

Stock markets mixed as rate hopes play against China fears

Stock markets traded mixed Thursday as hopes that central banks are close to ending their interest rate hikes were offset by worries about a lack of action by Chinese leaders to kickstart the country's stuttering economy.

Chip giant AMD says AI to be 'mega-trend' for computing world

AI will be the "defining mega-trend" for the global computing industry, the head of chip giant AMD said Thursday in Taiwan, where the majority of the world's semiconductors powering the technology is produced.

EasyJet says to land record profits despite disruption

British airline EasyJet on Thursday said it expected record pre-tax profits during the current peak summer season despite strike action by air traffic controllers and other disruptions.

Markets mixed as rate hopes play against China fears

Markets were mixed Thursday as hopes that central banks are close to ending their interest rate hikes were offset by worries about a lack of action by Chinese leaders to kickstart the country's stuttering economy.

Deals on wheels: Housing prices drive young Chinese into RV living

With its open kitchen, bathtub and electric piano, Chinese e-commerce worker Twiggy He's home is the envy of her colleagues -- even if it is located in their office carpark.

Chinese ghost town of mansions reclaimed by farmers

Cattle wander between the concrete shells of half-finished mansions in northeastern China, some of the only occupants of a luxury complex whose crumbling verandas and overgrown arches are stark symbols of a housing market crippled by its own excess.

Young homebuyers take refuge in China's rust-belt towns

Fontana Fang has dived into China's cutthroat real estate market and emerged victorious, shaking off soaring prices to snap up a handsome property for next to nothing -- a distant dream for many.

Chinese mortgage strikers despair as unfinished homes stay stalled

Gao Zhuang says he has refused to pay his mortgage for months, a desperate protest against the Chinese property developer he blames for endless delays on the unfinished apartment he bought years ago for his son.

Markets mostly rise on rate hopes but China fears weigh

Markets mostly rose Thursday on signs that more than a year of interest rate hikes around the world was subduing inflation, giving central banks room to take a softer approach to monetary policy.

Gullah Geechee, descendants of enslaved, fight to protect US island

Ed Atkins holds a basket filled with small, wriggling shrimp, fresh examples of the catch that the African-American fisherman has drawn from the waters off South Carolina's Saint Helena Island for more than 60 years.

United Airlines triples Q2 profits on strong demand

United Airlines reported on Wednesday that second-quarter profits more than tripled, benefitting from robust travel demand and a surge in international capacity.

Tesla earnings rise to $2.7 bn on increased sales, lower prices

Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales.

Two killed, hundreds arrested in Kenya protests

Two people were killed on Wednesday following anti-government protests in Kenya, a hospital official said, as the interior ministry announced the arrest of over 300 others in connection with the demonstrations.

Portugal Colonial - Economy (English)