Stock Market & Investment News

PITCHING Cazoo Group Ltd as the “Carvana of Europe” seemed a shrewd move when serial entrepreneur Alex Chesterman was shopping his online used-car dealer to investors last year. Read full story

LONG-stalled legislation to boost the United States semiconductor manufacturing and strengthen competitiveness against China risks collapsing in Congress, with Republicans growing skeptical of the measure as mid-term elections near and Democrats focusing instead on gun violence. Read full story

ONCE again, the debate on goods and services tax (GST) was reignited when the prime minister said that the government is studying the possibility of reintroducing the targeted consumption tax. Read full story

MCDONALD’S diners have said goodbye to salads. Stock investors should be glad they’re gone. Read full story

NEW YORK: U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve. Read full story

NEW YORK: Blistering inflation is threatening to reignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Federal Reserve that appears headed for its most aggressive policy tightening in decades. Read full story

NEW YORK: Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months. Read full story

The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. Read full story

WASHINGTON: The U.S. Treasury Department on Friday said Switzerland continued to exceed its thresholds for possible currency manipulation under a 2015 U.S. trade law, but refrained from branding it – or any other country – a currency manipulator. Read full story

Iran and Venezuela signed a 20-year cooperation plan in Tehran on Saturday as the two countries, among the world’s top oil producers, grapple with U.S. sanctions that are crippling their exports. Read full story