Great Barrier Reef areas show highest coral cover seen in 36 years

Great Barrier Reef areas show highest coral cover seen in 36 years

In this photo provided by the Great Barrier Reef Marine Park Authority the Hardy Reef is viewed from the air near the Whitsunday Islands, Australia Jumbo Aerial Photography | Great Barrier Reef Marine Park Authority via AP Two-thirds of the Great Barrier Reef in Australia recorded the highest amount of coral cover in nearly four … Read more

Apple, Google, Amazon set to launch new gadgets: What to expect

Apple, Google, Amazon set to launch new gadgets: What to expect

Apple launches the iPhone 13 in the UK Ming Yeung | Getty Images Apple, Google, AmazonSamsung and other firms are teeing up for a busy fall filled with lots of new gadget launches. It’s like clockwork. Big tech companies launch the latest products, like phones, watches, or even robots and flying security dronesbeginning in August … Read more

Lordstown Motors (RIDE) Q2 2022 earnings and production

Lordstown Motors (RIDE) Q2 2022 earnings and production

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first … Read more

Nikola NKLA Q2 2022 earnings

Nikola NKLA Q2 2022 earnings

Nikola Motor Company Source: Nikola Motor Company Nikola on Thursday reported revenue for the second quarter that beat Wall Street expectations as it delivered 48 of its electric heavy trucks. The company also reported a smaller-than-expected loss for the period. Here’s what the company reported compared with what Wall Street was expecting, based on a … Read more

Bank of England launches biggest interest rate hike in 27 years

Bank of England launches biggest interest rate hike in 27 years

LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, and projected the UK’s longest recession since the global financial crisis. The sixth consecutive increase takes borrowing costs to 1.75% and marks the first half-point hike since the bank was made independent from the … Read more

US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the US labor market. The total for the week ended July 30 was in line with the Dow Jones estimate but a gain of 6,000 from the previous week’s downwardly revised level, the Labor Department reported … Read more

5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: 1. Stock futures are flat Traders on the floor of the NYSE, August 1, 2022. Source: NYSE 2. Walmart lays off corporate employees A shopping cart outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart … Read more

Restaurant Brands International (QSR) Q2 2022 earnings

Restaurant Brands International (QSR) Q2 2022 earnings

A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by international sales growth at Burger King and the recovery of Tim Hortons’ Canadian locations. … Read more

Stock futures are flat as Wall Street takes a breather after Dow’s 400-point rally

Stock futures are flat as Wall Street takes a breather after Dow's 400-point rally

Bank of England announces largest interest rate hike in 27 years The Bank of England on Thursday hiked interest rates by half of a percentage point, the sixth consecutive increase and first bump of this size since 1997, in an effort to cool off inflation. Inflation in the UK is also at a 40-year high, … Read more

How to position as bull market beckons

How to position as bull market beckons

Asset manager Dan Veru believes US stocks could go through a sustained dip, before embarking on a “powerful rally” by the end of the year. A broad-based rally in US stocks in July had raised hopes of a sustained rebound for equity markets. Speaking on CNBC “Squawk Box Europe” ahead of the start of Monday’s … Read more