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NASA: Bezos rocket damage could take until 2028 to repair
World News

NASA: Bezos rocket damage could take until 2028 to repair

It could take until 2028 for the damage to be repaired after the explosion of Blue Origin's New Glenn lunar rocket last week, NASA Administrator Jared Isaacman told CNBC.
Dell exceeded expectations, stock surges in after-hours trading
Business News

Dell exceeded expectations, stock surges in after-hours trading

Computer manufacturer Dell beat market expectations in its quarterly report on Thursday. The stock is surging in after-hours trading on the New York Stock Exchange
Broad declines in Asia as oil rises after reports of attacks near the Strait of Hormuz
Business News

Broad declines in Asia as oil rises after reports of attacks near the Strait of Hormuz

Several of Asia's leading indices are falling on Thursday, while crude oil prices are rising. The market reaction follows reports of new attacks near the Strait of Hormuz
WTI oil plunges despite new US attacks on Iran
Business News

WTI oil plunges despite new US attacks on Iran

The July WTI crude oil futures contract fell by just over 5 percent overnight Tuesday, despite new US attacks on Iran.
Oil prices fall at opening as US and Iran deal talks weigh on futures
Business News

Oil prices fall at opening as US and Iran deal talks weigh on futures

Crude oil prices are clearly falling as futures trading opens after the weekend.
Pretty happy weekend on Wall Street as US and Iran agreement remains unclear
Business News

Pretty happy weekend on Wall Street as US and Iran agreement remains unclear

New York's stock exchanges ended the trading week in the red.
More than 47,000 Samsung employees to begin 18-day strike
Business News

More than 47,000 Samsung employees to begin 18-day strike

More than 47,000 employees at South Korean electronics giant Samsung will go on strike on Thursday, Yonhap reports.
Germany to sell Swedish-linked energy company Uniper
Business News

Germany to sell Swedish-linked energy company Uniper

The German government plans to reprivatize the energy group Uniper, which is a co-owner of the Swedish nuclear power plants Oskarshamn, Ringhals, and Forsmark.
Foreign countries dumped US government securities after the war in Iran broke out in March
Business News

Foreign countries dumped US government securities after the war in Iran broke out in March

When the war in Iran broke out in March, other countries dumped assets into US government bonds.
EU lowers growth forecast, Iran war causes friction
Business News

EU lowers growth forecast, Iran war causes friction

The EU will lower its growth forecast this week and simultaneously raise its inflation forecast. The reason is the ongoing war involving Iran
Musk backs away from OpenAI founders after federal jury rules 2024 suit time-barred
Business News

Musk backs away from OpenAI founders after federal jury rules 2024 suit time-barred

The world's richest man, Elon Musk, appears to be backing away from his highly publicized stance toward OpenAI and its founders, Sam Altman and Greg Brockman.
Crude oil prices rise after trading opens
Business News

Crude oil prices rise after trading opens

Crude oil prices are starting the week higher. Both WTI and North Sea crude are up around 2 percent in early trading
Volatile stock markets in Asia as Seoul rises while Hong Kong and Tokyo fall
Business News

Volatile stock markets in Asia as Seoul rises while Hong Kong and Tokyo fall

Up in South Korea, down in Hong Kong. The trading week on Asian stock exchanges begins in opposite directions
Analysts: Interest rate hikes could end in a stock market crash
Business News

Analysts: Interest rate hikes could end in a stock market crash

Analysts are warning of a stock market crash if the global wave of rapidly rising market interest rates does not subside. Higher market rates are also putting upward pressure on fixed-rate mortgages
Oil prices rise after Trump speech on China energy deals
Business News

Oil prices rise after Trump speech on China energy deals

Oil prices climbed again overnight Friday, amid claims by US President Donald Trump about energy deals with China.
Tech stocks lift Wall Street despite rising inflation concerns
Business News

Tech stocks lift Wall Street despite rising inflation concerns

Most stocks fell as inflation concerns spread to New York stock exchanges on Wednesday. However, the indices mostly ended higher, driven by gains in the tech sector
US inflation rises to 3.8% - highest in three years
Business News

US inflation rises to 3.8% - highest in three years

Inflation in the United States rose to 3. 8 percent in April, the highest level since May 2023
Nintendo stock plunges after Switch 2 price hike
Business News

Nintendo stock plunges after Switch 2 price hike

Japanese gaming giant Nintendo continues to decline on the Tokyo Stock Exchange, with the stock now at its lowest level since August 2024, CNBC reports.
Interest rate cut increasingly distant in the US
Business News

Interest rate cut increasingly distant in the US

Stubborn inflationary pressures and now strong job figures seem to be reducing the chance that Kevin Warsh - the new head of the Federal Reserve (Fed) - can lower the key interest rate in the United States. That raises the risk of a clash with President Donald Trump
From Taco to Nacho on Wall Street amid Iran war
Business News

From Taco to Nacho on Wall Street amid Iran war

A new mantra - Nacho - has begun to take hold among traders and analysts on Wall Street in the wake of the Iran war, CNBC reports.
Falling kilos lift the hair industry as weight-loss drug side effects increase demand for hair products
Business News

Falling kilos lift the hair industry as weight-loss drug side effects increase demand for hair products

When the pounds fall off, so does the hair. The rush for popular weight-loss drugs has had a side effect - the demand for hair products is also increasing
New records on Wall Street as Apple rises after its quarterly report
Business News

New records on Wall Street as Apple rises after its quarterly report

After hitting a record the previous day, the New York Stock Exchange set two new records on Friday. Technology giant Apple rose after its quarterly report
Apple reports quarterly results better than expected
Business News

Apple reports quarterly results better than expected

Technology giant Apple - the world's third-most valuable publicly listed company - reported quarterly results on Thursday evening that were better than expected.
Saudi Arabia stops supporting the LIV Golf tour after this year
Sports NewsTop News

Saudi Arabia stops supporting the LIV Golf tour after this year

Saudi Arabia's sovereign wealth fund (PIF) will stop funding the controversial LIV Golf tour after this year. The tour is now looking for new investors to continue operating
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