Fed warns about potential for 'significant declines' in asset prices as valuations climb

Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Fed warned in a report Thursday.

Siemens ups profit and sales guidance again citing 'good momentum'

Siemens CEO Roland Busch told CNBC Friday that the company has "good momentum" going into the second half of the fiscal year.

Why some tech workers are turning down jobs at TikTok

Negative reviews of TikTok on Glassdoor are putting some people off joining the company.

Adidas upgrades outlook for 2021 with sales expected to grow almost 20%

Adidas is more confident about sales this year as it notes stronger-than-expected demand for its products and a "healthy brand momentum."

France's debt pile is surprisingly high ? but experts aren't worried

The second largest euro area economy predicts that its public debt ratio is likely to stand at 117.8% in 2021, and to fall only slightly to 116.3% in 2022.

'No prospects' for China-Australia relations to get back on track soon, political analyst says

Beijing moved to "indefinitely" suspend all high-level economic dialogue with Canberra on Thursday.

Moderna CEO expects more Covid variants to emerge in coming months: 'This virus is not going away'

Moderna CEO Stephane Bancel said Thursday the company expects more variants of the coronavirus will emerge in the coming months.

India's rich are not the only ones fleeing the Covid crisis on private jets, says CEO

The situation in India has become so dire that even upper-middle class families are pooling their resources to escape, says private jet charter company JetSetGo.

Will summer see a ?travel window? before fall infections rise? Here's what medical experts say

India?s worsening Covid crisis could spiral into a problem for the world

The South Asian country accounted for 46% of new coronavirus cases globally and one in every four deaths in the past week, said the World Health Organization.

China's trade with the U.S. and Australia grew in April despite tensions

U.S. dollar-denominated exports rose 32.3% in April from a year ago, beating an estimate of 24.1% growth from analysts polled by Reuters.

China's greenhouse gas emissions exceed those of U.S. and developed countries combined, report says

China is responsible for more than 27% of total global emissions, a new study says. The U.S. accounts for 11% of the global total.

The Macao investors in that mysterious $100 million New Jersey deli sure are hard to find

Questions about $100 million New Jersey deli company Hometown International are growing, as investors in Macao were not found in offices where they get mail.

Chinese travel bookings triple during 'hottest' public holiday since the pandemic

The surge in domestic travel comes as the coronavirus pandemic keeps Chinese from venturing overseas.

Nio plans to start delivering cars to Norway in September

Chinese electric car start-up Nio announced it plans to begin deliveries in Norway in September, for the company's first entry into a market outside China.

Russia authorizes use of 'Sputnik Light,' a one-shot Covid vaccine it says is 79% effective

The Russian Direct Investment Fund said the one-shot "Sputnik Light" Covid vaccine had an efficacy rate of 79.4% and would cost less than $10 a dose.

Amazon delays Prime Day in India and Canada as Covid ravages both countries

Prime Day, which typically takes place in July, was postponed to mid-October last year in the U.S. and elsewhere due to the pandemic.

The world needs to dramatically cut methane emissions to avoid worst of climate change, UN says

The world could slash human-caused methane emissions by up to 45% this decade, according to the U.N.'s Global Methane Assessment.

Retail investors are using a slew of digital platforms to cash in on the IPO boom

In Britain, some investment platforms are lobbying for the government to let retail investors take part in IPOs.

Square gets a bitcoin boost with revenue up 266%

Square's bet on bitcoin is paying off.

China 'indefinitely' suspends economic dialogue with Australia

Beijing said some Australian officials recently launched unspecified measures "out of a Cold War mindset" to disrupt cooperation with China.

India reports over 412,000 new Covid cases as court demands plan to tackle oxygen shortage in Delhi

India's Supreme Court ordered the central government to present a comprehensive plan by Thursday outlining steps to meet medical oxygen requirements for Delhi.

Facebook and Signal are fighting over an ad campaign. Here?s why

Facebook, the world's largest social media platform, found itself in a public dispute with communications app Signal this week over an ad campaign.

Covid vaccine makers' shares seesaw after Biden administration says it will back patent waivers

Pfizer fell Thursday by as much as 5% from Wednesday's close while Moderna dipped by almost 12% before both stocks recovered most of those losses.

Copper is ?the new oil? and low inventories could push it to $20,000 per ton, analysts say

The world risks "running out of copper" amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025.

U.S. sends more firepower to Middle East as troops withdraw from Afghanistan

Pentagon spokesman John Kirby has previously said that Defense Department leadership will continue to assess security threats in Afghanistan against troops.

Peloton reports sales up 141% as cycle demand remains strong, says it's working to quickly fix treadmills

Peloton said Thursday it expects its fiscal fourth-quarter sales to take a $165 million hit due to a treadmill recall.

Dow jumps 300 points to hit another record close ahead of key April jobs report

The gains in the stock market came after a better-than-expected reading on jobless claims.

France and Britain deploy navy patrol boats to Jersey in dispute over fishing rights

Tensions between France and the U.K. are growing over fishing rights.

EU is 'ready' to talk about waiving patent protections on Covid vaccines, after U.S. backs move

The EU is ready to discuss the waiving of intellectual property rights for Covid-19 vaccines, after the US said it supports the initiative.


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