The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Reality destroys some of the Qataris’ dreams of renting out the World Cup

The agency says the Qatari hotel group has requested new payments Some prices have been lowered, but many properties are empty The broker says some landlords have sought unrealistic rents DOHA (Reuters) – Qatar has found itself with an unexpected glut of rooms in the packed World Cup group stage, with online portals listing rooms … Read more

First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Exclusive: Tesla considering exporting Chinese-made electric cars to US sources

SHANGHAI, November 11 (Reuters) – TESLA (TSLA.O) Two people familiar with the planning are considering exporting electric cars made in China to the United States, a reversal that would reflect the automaker’s deep cost advantage at its Shanghai plant and sluggish demand from Chinese consumers. Tesla is studying whether parts made by its suppliers in … Read more

Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from the US privacy regulator and the exit of the company’s trust and safety leader. In his first conference call with employees, the billionaire said he couldn’t rule out … Read more

As the yen drops, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Volkswagen says supplies are dwindling here to stay as profits stagnate

Luxury carmakers are in a better position to face the slowdown Shares are down 2.7%, lower than the DAX Anticipates deliveries in line with 2021, maintains margin forecast Inventories rise as supply chains falter BERLIN, October 28 (Reuters) – Volkswagen (VOWG_p.DE) He said supply chain problems were the new norm as it reported stagnant earnings … Read more

Texture deepens rush to China, undeterred by stagnation of luxury goods market

SHANGHAI (Reuters) – Baoji, a northwestern Chinese industrial city of 3 million people, doesn’t fit most people’s idea of ​​a luxury market. However, sometime soon, it will be home to US brand Coach store. The store is one of 30 stores in China that train Tapestry Inc (TPR.N) Jan Buzek, president of the company in … Read more

Bad report cards in US companies raise recession fears

Oct 25 (Reuters) – US technology giants Alphabet (GOOGL.O) and Microsoft (MSFT.O) for General Electric (GE.N) and game maker Mattel (MAT.O) On Tuesday, it reported a significant slowdown in growth or warned that things were only going to get worse, sparking recession fears and sending stocks lower. The series of disappointing results point to a … Read more