Bank of England sells £750 million worth of bonds at first QE unwind auction
The Bank of England received solid demand from investors on Tuesday at its first auction to sell government bonds from its 838 billion pound ($961 billion) quantitative easing stockpile.
Leon Cooperman still sees a recession coming, but he is finding stocks to buy
The chair and CEO of the Omega Family Office said the market has not hit its final bottom yet as a recession is still looming in 2023.
British online furniture seller Made.com suspends trading amid last-ditch rescue talks
The company, which listed in 2021, has suffered from consumers cutting back on big ticket items.
U.S. and UAE sign strategic partnership deal to spur $100 billion in clean energy investment
The White House described the partnership, named PACE, as a major achievement for President Joe Biden’s climate agenda.
Uber stock pops 11% on revenue beat, strong guidance
Uber reported a third-quarter loss but beat analysts’ estimates for revenue.
Apple iPhone maker Foxconn slams ‘maliciously edited’ video that claims Covid deaths at China plant
Foxconn said on Tuesday that there have been no deaths at its Zhengzhou, China factory, the biggest Apple iPhone production facility in the world.
European stocks climb as global markets focus on the Fed; Ocado shares up 32%
European markets have a positive start to the trading session on Tuesday with global investors focusing on the U.S. Federal Reserve’s policy meeting.
BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings
The world’s largest oil and gas majors have reported bumper earnings in recent months, leading to renewed calls for higher taxes on oil company profits.
Britain’s new PM is a fan of crypto. There are hopes he’ll give the industry a boost
As finance minister, Rishi Sunak was a vocal advocate of crypto and blockchain technology. Now he’s prime minister.
Oil CEOs warn this winter’s energy crisis will be nothing compared to the next
“It’s the next winter I think many of us worry, in Europe, could be even more challenging,” BP CEO Bernard Looney told CNBC.
