An Italian train makes its way at the north entrance of the new Gotthard Base Tunnel, the world’s longest train tunnel, on the eve of its opening ceremony on May 31, 2016 in Erstfeld. Fabrice Coffrini | Afp | Getty Images Swiss rail authorities said repairs to the Gotthard Base Tunnel, the world’s deepest traffic … Read more
Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending. The big-box retailer beat Wall … Read more
Bank of America thinks software giant Adobe can build on this year’s strong gains as it continues its push into artificial intelligence The firm upgraded the stock to buy from neutral in a Thursday note and raised its price target to $630 per share from $575. BofA’s new forecast implies more than 22% upside from … Read more
China property investment slid nearly 8% in the first half of the year, official data showed Monday, pointing to a deepening decline in investment for a sector that accounts for about a quarter of the world’s second-largest economy. Future Publishing | Future Publishing | Getty Images Zhongzhi Enterprise Group on Wednesday told investors it is facing … Read more
Russia’s President Vladimir Putin (L) and Russian Central Bank Governor Elvira Nabiullina Alexei NikolskyTASS via Getty Images Russia’s rising inflation and plunging currency have spotlighted an emerging discord between the Kremlin and the country’s central bank. The Central Bank of Russia (CBR) at an emergency meeting on Tuesday jacked up interest rates by 350 basis … Read more
North Korea and Russia to team up on ‘military cooperation plan,’ state media reports North Korean state media site Yunhap reported that Russian Defense Minister Sergei Shoigu reached an agreement with Kim Jong Un on a “large-scale military cooperation plan” during his time in North Korea last month, according to a Google translation of the … Read more
High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto | Nurphoto | Getty Images Asia is promoting crypto clarity amid regulatory uncertainty in the U.S., and this could make the region more attractive to investors, according to industry observers. “Cryptocurrency regulations in Asia … Read more
Containers in a shipping terminal at the Honmoku pier in Yokohama, Japan, on Monday, June 19, 2023. Bloomberg | Bloomberg | Getty Images Japan posted its first monthly decline in exports in more than 2 years, as weaker demand in its biggest trading partners in China and the rest of Asia dimmed prospects for growth … Read more
Ark Invest’s Renato Leggi says the firm wants to invest in software names related to artificial intelligence. While investors have been very much focused on Nvidia, which makes advanced graphics processing units (GPUs) used for AI processes, Ark Invest wants to “focus on that piece that no one’s really paying attention to,” said Leggi, client … Read more
Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated. That discussion during a two-day July meeting resulted in a quarter percentage point rate hike that markets generally expect … Read more