[ad_1] (Kitco News) – The World Bank is stepping up growing fears of recession after the international institution lowered its global growth outlook. In a report released on Tuesday, World Bank economists said the global economy was expanding 2.6 percent this year, up from 2.9 percent previously. Economists' estimates are down since the middle of … Read more
[ad_1] Feds Lael Brainard Talks with Yahoo Finance Trade is a downside risk for the US economy We will be ready to adapt our policy to support growth Our job is to support the expansion The international economy is a delicate place The US economy is currently experiencing a very long expansion, with confident consumers … Read more
[ad_1] TO CLOSE The Michelin Uptis prototype is being tested on a Chevrolet Bolt EV on Wednesday, May 29, 2019 at the General Motors Milford Test Ground in Milford, Michigan. GM intends to develop this airless wheel set with Michelin and introduce it on passenger cars as early as 2024. (Photo: Steve Fecht for General … Read more
[ad_1] Shares climbed Wednesday, adding to the gains that had been triggered in the previous session, suggesting that the Federal Reserve could cut interest rates to revive the economy. The Dow Jones Industrial Average index gained 134 points, or 0.5%, while the S & P 500 index rose 0.4% and the Nasdaq Composite, by 0.3%. … Read more
[ad_1] Photography by RawPixel Text size Investors take their time to buy the huge pharmaceutical behemoth born from the merger of Bristol-Myers Squibb (ticker: BMY) and Celgene (CELG) Swiss credit analyst Vamil Divan wrote Tuesday, after long conversations with investors. Divan wrote that investors see a benefit in combination, but still have too many questions. … Read more
[ad_1] The company's sales in the first quarter fell by 13% and GameStop announced Tuesday night to no longer pay a quarterly dividend to investors. GameStop (GME) stock fell 36% on Wednesday. GameStop has experienced a slump of several years. The company's shares have lost two-thirds of its value over the last two years as … Read more
[ad_1] Interactive Platoon, the on-demand fitness company best known for its connected indoor cycling bike, has officially announced its intention to go public after CEO John Foley announced for several months that an IPO in 2019 "would make a lot of sense". interviewed banks for its IPO. In a press release, Peloton announced today in … Read more
[ad_1] Shares of Pivotal Software Inc. are down 42% on Wednesday after the software company released disappointing results for the first quarter. Wedbush analyst, Daniel Ives, called the train wreck district and dubbed Pivotal's PVTL, -43.61% Deferred revenue and billing figures are "disastrous" in the deterioration of share values on Wednesday morning. See more: Pivotal … Read more
[ad_1] Crude oil prices tended to fall after the Energy Information Administration announced a weekly increase in its inventories, with a considerable volume of 6.8 million barrels. This compares to a draw of 4 million barrels for the previous week. A day earlier, the American Petroleum Institute estimated that inventories rose by 3.545 million barrels … Read more
[ad_1] BMW and Jaguar Land Rover announce today a partnership in the field of electric cars and will work together to develop the next generation of electric powertrains. Both manufacturers made this announcement in a joint press release: "The BMW Group and Jaguar Land Rover confirmed today that they are joining forces to develop next-generation … Read more