Article content (Bloomberg) — Argentina’s state-run energy company Enarsa has cancelled another shipment of liquefied natural gas, according to a person familiar with the matter. This cancellation was because of low demand resulting from warmer-than-usual winter temperatures in the South American country, said the person who asked not to be named because the information is […]
Article content (Bloomberg) — Bill Gross, the one-time bond king, said stock and bond bulls are wrong, as both markets are “overvalued.” The former chief investment officer of Pacific Investment Management Co., speaking in an interview on Bloomberg Television, said the fair value of the 10-year Treasury yield is about 4.5%, compared with the current […]
Breadcrumb Trail Links PMN Business Walt Disney Co.’s ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment Inc., licensing its brand for sports betting and deepening the media giant’s ties to the growing online gambling business. Author of the article: Bloomberg News Gerry Smith Published Aug 08, 2023 • 3 minute read […]
Breadcrumb Trail Links PMN Business A Chinese maker of long-range electric vehicle batteries — including one capable of going 1,000 kilometers (620 miles) on a single charge — plans to go public as soon as 2025 as it banks on automakers embracing next-generation cells in the race to overcome range anxiety. Author of the article: […]
Article content (Bloomberg) — The US government lab that last year reached a long-sought milestone in nuclear fusion — achieving a controlled reaction that yielded more energy than it took to produce — has repeated the achievement, after months of near-misses. Being able to reproduce the Dec. 5 breakthrough may bring the world one step […]
Breadcrumb Trail Links PMN Business Australia’s central bank will raise interest rates one more time in its current tightening cycle, economists say, and then shift to policy easing next year as inflation cools and economic growth slows to a crawl. Author of the article: Bloomberg News Swati Pandey and Tomoko Sato Published Aug 06, 2023 […]
Article content (Bloomberg) — Barbie, Warner Bros.’ hit movie based on the popular doll, crossed $1 billion in global box-office sales in its third week in release, becoming only the second picture to hit that mark this year. Warner Bros. said on Sunday the movie took in $53 million in the US and Canada in […]
Breadcrumb Trail Links PMN Business A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Aug 05, 2023 • 5 minute read Join the conversation o(csbnmme7j90pi][6ow4o}v_media_dl_1.png Source: Data compiled […]
Breadcrumb Trail Links PMN Business With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease. Author of the article: Bloomberg News Jessica Menton Published Aug 05, 2023 • 3 minute […]
Article content (Bloomberg) — South African business leaders told President Cyril Ramaphosa that the jobless rate could rise to 38.1% by 2030 without urgent action to solve the country’s energy, logistics and crime crises. Article content The forecast, which compares with a current unemployment rate of 32.9%, was included in a presentation made by business […]