economic news

Asia-Pacific markets mostly mixed oil pops on possible OPEC+ supply cut

Australia’s central bank is expected to hike rates by 50 basis points: Reuters poll A Reuters survey of economists expects the Reserve Bank of Australia to raise its benchmark interest rate by 50 basis points to 2.85%. RBA board members said the case for a slower pace of rate hikes was building, according to minutes …

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Stock futures mixed after Dow, S&P 500 cap worst month since March 2020

Traders on the floor of the NYSE, September 7, 2022. Source: NYSE Stock futures were mixed in overnight trading on Sunday after Wall Street wrapped up another negative quarter and the S&P 500 and Dow Jones Industrial Average ended its worst month since March 2020. Nasdaq 100 futures fell 0.43% while S&P 500 futures fell …

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Asia-Pacific markets fall; oil up 2% on possible OPEC+ supply cut

CNBC Pro: Investment Professional Claims ETFs Are a $10 Trillion Opportunity — and Reveals Areas of “Huge” Value Exchange-traded funds offer the benefit of diversification, says Jon Maier, chief investment officer at Global X ETFs. He said the ETF market is “growing exponentially” and estimates it is worth $10 trillion. He names several opportunities for …

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Stock futures turn slightly positive after Dow, S&P 500 cap worst month since March 2020

Traders on the floor of the NYSE, September 7, 2022. Source: NYSE Stock futures rose slightly in overnight trading on Sunday after Wall Street wrapped up another negative quarter and the S&P 500 and Dow Jones Industrial Average ended its worst month since March 2020. Futures linked to the Dow Jones Industrial Average gained 100 …

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Tesla (TSLA) Q3 2022 vehicle delivery and production numbers

A Tesla Model Y on display at a Tesla store in the Westfield Culver City mall in Culver City, California, U.S., Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images Electric vehicle manufacturers You’re here just released third quarter vehicle production and delivery numbers for 2022. Here are the numbers: Total Q3 2022 …

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Walmart bets inflation will push customers to join subscription service

Walmart launched its subscription service, Walmart+ in 2020. It added perks including deeper gas discounts and free access to Paramount+. walmart Americans have tons of subscriptions. Even with inflation, walmart think they are willing to pay for one more. Walmart’s subscription service is Walmart+. The program includes benefits such as free shipping for online purchases, …

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Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy

Toyota CEO Akio Toyoda speaks during a small media roundtable on September 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota engine Last week, CEO Akio Toyoda simply said what he would like his legacy to be: “I love cars.” How well the 66-year-old racer, car enthusiast and business scion will be remembered when …

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Charts suggest it’s ‘way too early’ for the market to rebound

On Friday, CNBC’s Jim Cramer warned investors that the stock market is unlikely to rally anytime soon. “The charts, as interpreted by Mark Sebastian…suggest this market has more downside, and it’s way too early to turn truly bullish,” he said. “Unlike him, I also think we could get a big raise, but, for our Charitable …

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Disney reaches deal with Third Point, will add former Meta exec to its board

The Disney+ website on a laptop in the Brooklyn borough of New York, U.S. on Monday, July 18, 2022. Gaby Jones | Bloomberg | Getty Images disney reached a deal with activist investor Dan Loeb’s Third Point, which includes the addition of former Meta executive Carolyn Everson to its board of directors, the the companies …

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