business news

Elon Musk joins the growing chorus fearing a US recession.  But there are stocks for that.

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall …

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Elon Musk says 3 issues need to be resolved before Twitter deal closes

Elon Musk says 3 issues need to be resolved before Twitter deal closes

In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | light rocket | Getty Images Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter. Musk is seeking to buy Twitter for $44 …

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Europe turns to coal as Russia squeezes gas supplies

Europe turns to coal as Russia squeezes gas supplies

German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | dpa | Getty Images Reduced flows of Russian gas and the spectrum of a full supply disruption have prompted some European governments to reconsider coal, one …

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Fed's Bullard says US economy should continue to grow in coming quarters

Fed’s Bullard says US economy should continue to grow in coming quarters

The US economy should continue to grow in the coming several months, said St. Louis Fed President James Bullard on Monday, playing down fear of a severe recession that some economists and market pros view as inevitable in the face of the central bank’s war against too -hot inflation. “On GDP growth, I think that …

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Australia's leading wine authority to close office in China as exports plunge

Australia’s leading wine authority to close office in China as exports plunge

Lin Tiangui, a representative of Winston Wine, looks at a bottles of wine produced from Winston Wine’s own Australian winery at one of its stores in Shanghai, China on October 18, 2011. Qilai Shen | Bloomberg | In Pictures | Corbis Historical | Getty Images Australia’s leading wine industry body Wine Australia will be closing …

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Australia RBA meeting minutes, oil and currencies

Australia RBA meeting minutes, oil and currencies

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 2.42% higher as shares of conglomerate SoftBank Group surged more than 3% while the …

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Stocks with strong balance sheets and attractive returns

Stocks with strong balance sheets and attractive returns

European companies have never been richer, according to Morgan Stanley, and are ready to splash the cash — including distributing part of it to shareholders. The Wall Street bank has named a raft of stocks that have strong balance sheets and resilient cash flows and are set to return excess cash to shareholders through buybacks …

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Tech stock picks for the electric vehicle boom: UBS on EV-related stocks

Tech stock picks for the electric vehicle boom: UBS on EV-related stocks

UBS has named its top technology stock picks to ride the electric vehicle revolution. “As EV penetration grows and autonomous driving emerges, we see exponential growth within tech supply chains,” UBS’ analysts, led by Grace Chen, said on June 17. They expect 2026 to be an “inflection point” for electric vehicles, when the global EV …

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