Cryptocurrencies may be down more this year, but stocks still look like safer bets over the long haul.
Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced results for the First Half of 2022 and select results for the Second Quarter of 2022. Swvl's condensed unaudited interim financial statements for the six-month periods ended June 30, 2022 and 2021, and supplementary information are available on Swvl's website here.
These two Canadian energy stocks look really attractive to buy amid the ongoing oil and gas sector-wide correction. The post 2 Hot Canadian Energy Stocks to Buy Amid the Ongoing Correction appeared first on The Motley Fool Canada.
Shares in the U.S. department store chain slumped 7% in premarket trading, as it joined a host of retailers including Target Corp and Best Buy Co to warn of a profit squeeze for the year. Decades-high inflation, although now easing, has made Americans more wary of opening their wallets to clothing, shoes and other non-essentials, pressuring demand at retailers and leaving them with bloated inventories. Excess stocks have forced retailers to offload inventories through steep discounts and clearance sales heading into the key back-to-school season, with Kohl's offering up to 80% discounts on its website, setting up for more margin pain in the next few months.
Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest. It is December 1973 and the finance minister has privately warned the cabinet of Edward Heath that the country faces its gravest economic crisis since World War Two, according to classified records that are now publicly available. The papers shed light on the debate at the heart of government during a crisis that bears similarities to that facing current Prime Minister Boris Johnson's cabinet.
Musk has a history of being unconventional, posting irreverent tweets. Below are some other tweets by Musk - who has more than 103 million followers - which have taken investors, Twitter users, Twitter's board and the rest of his audience by surprise. May 13, 2022: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering.
British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of next year unless there are government measures to lower prices, economists at U.S. bank Citi forecast on Wednesday. Earlier on Wednesday, official figures showed CPI hit 10.1% in July, above all economists' predictions in a Reuters poll. Citi had previously forecast CPI inflation would peak at just below 12%.
NEW YORK (AP) — Veteran CNBC chief Mark Hoffman is leaving the network after 28 years, with London-based executive KC Sullivan replacing him early next month, the network said on Tuesday. Hoffman was named president of the financial news network in 2005 and elevated to chairman in 2015. “During his tenure, CNBC became a world leader and every year it has grown better and stronger,” said Cesar Conde, chairman of the NBCUniversal News Group. Sullivan, who begins as CNBC president on Sept. 12, is c
From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering.
A major Japanese auto lobby said it was concerned about a new U.S. law that restricts tax credits for electric vehicles to those assembled in North America. The Biden administration said on Tuesday about 20 models still qualify for tax credits of up to $7,500. Credits end immediately for about 70% of the 72 models that were previously eligible, according to the Alliance for Automotive Innovation, an industry trade group.
When making your travel budget, don’t assume that lodging and airfare will be your biggest expense. Now, more than ever, rental cars are shaping up to be one of the biggest — and stubbornly high — aspects of people’s vacation budgets. While airfare and lodging prices are certainly near all-time highs, rental cars are among the biggest price increases of all travel expenses. When comparing prices for July 2022 versus July 2019 (the last normal summer pre-pandemic), hotel prices are up 7% , accord
425 million grams of unpackaged dried cannabis destroyed, highlighting industry's issue of producing more than it can sell
Gender wage gap claims are constantly used to try to justify sundry misguided government regulations
BELGRADE, Serbia (AP) — Wartime rivals Serbia and Kosovo are holding high-level crisis talks on Thursday which European Union mediators hope will de-escalate growing tensions in the Balkans, where Russia has tried to further increase its influence amid the war in Ukraine. Hopes that the rare face-to-face meeting between Serbian President Aleksandar Vucic and Kosovo Prime Minister Albin Kurti, to be held in Brussels, could produce a major breakthrough are slim. But Western officials overseeing th
Kronos Bio, Inc. (Nasdaq: KRON), a company dedicated to transforming the lives of those affected by cancer, and Invivoscribe, a global provider of diagnostic kits and services for oncology, today announced their agreement to develop a companion diagnostic (CDx) for use with Kronos Bio's investigational therapy, entospletinib. Entospletinib is Kronos Bio's lead clinical compound, currently in the ongoing Phase 3 registrational AGILITY study for the treatment of newly diagnosed NPM1-mutated acute
NEW YORK (AP) — Amazon is raising charges on third-party sellers again — this time adding a holiday fee for merchants who use the company’s fulfillment services to pack and ship items to customers. From Oct. 15 to Jan. 14, sellers will be hit with an average fee of $0.35 per item sold using Amazon's fulfillment services in the U.S. and Canada, according to a notice the company sent to merchants Tuesday. It’s the second fee hike imposed on merchants this year by the online retail behemoth. In Apr
(Reuters) -Shares of Bed Bath & Beyond Inc surged 60% to a near five-month high in volatile trading on Tuesday, as retail investors flocked to the stock after a filing revealed activist investor Ryan Cohen's latest bet on the home goods retailer. The stock rose as much as 78.8% to $28.60 during the session and trading was halted multiple times for volatility. Cohen's investment vehicle RC Ventures, which is the second largest investor in the company and has added three independent directors to its board, bought call options expiring in January 2023 on 1.67 million shares with a strike price ranging from $60 to $80.
Quebecor (TSX:QBR.B) is a telecom underdog that could prove disruptive over the next few years, as it looks to invest and raise its dividend payout. The post Passive Income: Dividends and Deep Value Together in This 1 TSX Stock appeared first on The Motley Fool Canada.
Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCMKTS: SUPGF) announces financial results for the second quarter of 2022 for the Company's 100%-owned Plutonic Gold Operations, located in Western Australia.
CALGARY — Canadian Pacific Railway Ltd. is one step closer to receiving the regulatory go-ahead for its acquisition of Kansas City Southern. The Calgary-based railway said Tuesday its purchase of KCS has received the required clearance from the U.S. Committee on Foreign Investment. However, the deal — which would create the only single-line railroad linking the United States, Mexico and Canada — still requires approval by the U.S. Surface Transportation Board, which is currently reviewing the tr
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