Recent Posts

US stocks, dollar drop as traders sift earnings news

Bloomberg US stocks slumped as investors sifted through the latest batch of corporate earnings, while the dollar fell with Treasuries amid speculation recent moves had gone too far too quickly. The S&P 500 Index fell from near a record high, with weak results hammering shares in Chipotle Mexican Grill Inc. and Advanced Micro Devices Inc. Ten-year Treasury yields retreated after ...

Read More »

Zain holds back Saudi stock index, offsets strong oil prices

Reuters Saudi Arabia’s stock market posted a small gain on Wednesday on the back of firm oil prices, seemingly little impressed by heavy investment plans showcased at a major conference in Riyadh. The Saudi index gained 0.3 percent, supported by Saudi Electricity Co (SEC), whose shares rose 4.4 percent after the utility said the Saudi government is considering selling a ...

Read More »

Amazon video push aims to attract shoppers

Bloomberg Amazon.com Inc. wants to prevent holiday shoppers from straying to Google’s YouTube and Facebook Inc.’s social-media sites in search of product videos, so the e-commerce giant is working with merchants to match the effort on its website. Pet supplies, baby products, housewares and electronics are the focus of the new push for promotional and instructional videos. Amazon this year ...

Read More »
Send this to a friend