It's been a tumultuous few weeks in the stock market with fears about the pandemic and economy sending prices down across various sectors. Many companies were overvalued to begin with, making it difficult to find great buying opportunities even among the stocks experiencing steep losses.
The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2% in coming years, signalling its readiness to hike borrowing costs later this year. The central bank also stuck to its guidance made in March to keep buying government bonds around the current pace, dashing hopes by some traders that it could soon taper purchases partly to slow the yen's declines.
French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX family of jets and competes with Pratt & Whitney on the Airbus A320neo series.
A Ukrainian court ordered on Friday for Agriculture Minister Mykola Solsky to be taken into custody over allegations of his involvement in an illegal acquisition of state-owned land worth about $7 million. Solsky denies the allegations, which relate to events in 2017-2021, before he started as agriculture minister in March 2022. The judge set bail at 75.7 million hryvnias ($1.9 million).Solsky tendered his resignation letter on Thursday but technically remains in his post until parliament consid
The whispers around Adrian Newey being unsettled are nothing new. As soon as the Christian Horner controversy first erupted back in early February, there was speculation regarding Formula One’s pre-eminent designer and specifically on which side of the fence he stood.
Q1 2024 O'Reilly Automotive Inc Earnings Call
Gary Roden quits days after he was criticised for telling BBC some grassroots music venues are "poorly run".
Commuters on the Tube are suffering serious morning rush-hour disruption as emergency workers respond to a casuality on the track. The incident has closed the District line between Tower Hill and Upminster with severe delays on the rest of the line. There is also now service on the Hammersmith & City line between Liverpool Street and Barking.
Protests against the Gaza war grip dozens of campuses across America, with hundreds of arrests.
Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into AI was not immediately paying off. Shares in Google-parent Alphabet were up over 11% in Frankfurt on Friday, while Microsoft shares rose nearly 5%. Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services.
The New York multi-instrumentalist, who has played with Philip Glass and Steve Reich, shows great flair for making minimalism rich and harmonically complex
A social and economic revolution observed through the lives of four women in their 30s
My Lexus IS200 will be 25 next year. It has done almost 96,000 miles, travelled in France, charged up and down the M40 and never let me down. I now live in a city and do not need a car with such a large engine, but a smallish reliable runabout to carry two adults and two grandchildren under 12. What do you suggest?
A selection of the week's best photos from across the continent and beyond.
Poisoned books include volumes of Edward Hayes’s ’The Ballads of Ireland’ from 1855
Aaron Donald replacement? Not quite. But the Los Angeles Rams fill a positional need with Florida State defensive end Jared Verse.
Prestigious literary prize is named after George and Josias Booker who enslaved 200 people on a cotton plantation in 1800s
Consumer confidence is improving after the headline score on GfK’s long-running index rose two points to minus 19 in April, compared with minus 30 a year earlier. GfK’s client strategy director Joe Staton said the improvements reflect the impact on household budgets of lower inflation and the anticipation of further tax cuts. “But Spring has arrived and maybe consumer confidence is, at last, slowly becoming brighter and heading in the right direction.”
James Ballengee, CEO and 10% Owner of Vivakor Inc (NASDAQ:VIVK), has recently increased his stake in the company.
Spain will send a small number of Patriot missiles to Ukraine, El Pais newspaper reported on Friday, quoting unidentified sources. Spain ruled out delivering anti-aircraft launchers, but will give Kiev shells, the paper said. The defence ministry did not immediately reply to a request for comment.
Elevance Health Inc (NYSE:ELV), formerly known as Anthem Inc, is a health benefits company that is committed to improving lives and communities, and making healthcare simpler.
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