Asian stocks mostly edged higher on Thursday, tracking gains on Wall Street as markets adjusted following a rout this week on higher-than-expected US inflation data.. On Wednesday, Wall Street stocks rose as investors prepared for next week's Fed decision, with the Dow rising 0.1 percent and the S&P 500 gaining 0.3 percent.
British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan.. Van Beurden, who will have been at the helm for nine years, will be succeeded by the head of integrated gas, renewables and energy solutions, Shell said in a statement.
A company controlled by Malaysian tycoon and Genting chairman Lim Kok Thay has put in a bid for a casino licence in Macau, a surprise challenge to the decades-long oligopoly of the six incumbent operators.. The six operators all submitted bids by Wednesday to renew their licences but the spotlight was stolen by newcomer GMM. A GMM representative told reporters that the bid was submitted on behalf of leisure and entertainment firm Genting, according to Macao Daily.
Fuel prices in Kenya surged to record highs on Thursday after the new government slashed subsidies, piling on misery for a population already facing deep economic hardship. . Kenya is the most dynamic economy in East Africa but many are suffering financial hardship with about a third of the population living in poverty.
Ford unveiled Wednesday its seventh-generation Mustang in a brash and boisterous launch event in downtown Detroit that pointed to the staying power of gasoline-powered vehicles. . Ford, which has dived into EV investment as much as any company in recent years, had refrained ahead of Wednesday from saying whether the new Mustang would be electric or gasoline-powered.
Asian stocks edged higher at the open on Thursday, tracking gains on Wall Street as markets adjusted following a rout this week on higher-than-expected US inflation data.. On Wednesday, Wall Street stocks rose as investors prepared for next week's Fed decision, with the Dow rising 0.1 percent and the S&P 500 gaining 0.3 percent.
California filed a lawsuit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law.. Seattle-based Amazon is also likely concerned that the California lawsuit is a prelude to federal antitrust action, Saunders said.
TikTok is serving up misinformation to users searching for news about politics, climate change, Covid-19, the war in Ukraine and more, according to a report released Wednesday.. Researchers said that they compared TikTok and Google results from searches for information about school shootings, abortion, Covid-19, US elections, Russia's war on the Ukraine and other news.
California filed a suit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law.. "Many of the products we buy online would be cheaper if market forces were left unconstrained."
The Biden administration was still working Wednesday to avoid a major strike by US freight railroad workers this weekend, which threatens to disrupt travel and supply chains two months before crucial midterm elections.. Any strike would be bad news for Biden, who regularly expresses strong support for workers but is also struggling to avoid further economic damage ahead of key midterm congressional elections in early November.
