What happened Shares of rental car company Avis Budget Group (NASDAQ: CAR) revved 6.5% higher Wednesday afternoon. As of 1 p.m. ET, Avis stock was up a healthy 6.5%. You can thank JPMorgan for that. Image source: Getty Images.
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NEW YORK (Reuters) -After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies. Prices also fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation. Brent crude fell $2.31, or 2%, to settle at $111.93 a barrel, and U.S. West Texas Intermediate (WTI) crude fell $1.8, or 1.6%, to settle at $112.40 a barrel.
Russia's invasion of Ukraine in February has supercharged already rising commodity and fuel prices and kept global policymakers busy trying to contain red-hot inflationary pressures. Fuel prices, a big component of the increase, jumped 38.66% on the year versus 34.52% in March. Wholesale manufactured product prices rose 10.85%, against 10.71% in the prior month, while food prices accelerated at an 8.88% pace, versus 8.71% the previous month, data showed.
Just a few months ago, Forrest Li, founder of Sea Ltd, had a US$22 billion fortune and was the richest person in Singapore. He lost US$17 billion in one of tech's biggest wipeouts.
Turned over a new page of partnership with the largest online shopping mall in Hong Kong to jointly protect the new retail experience HONG KONG SAR - Media OutReach - 16 May 2022 - Reckitt and HKTVmall, the largest online shopping mall in Hong Kong that connects online and offline, have turned over a new page of partnership to set up Dettol Disinfection Zone for online purchases pickup in nearly 90% of HKTVmall O2O shops and three HKTVmall supermarkets[1]. It allows consumers to disinfect their
Singapore to restart work on 5th airport terminal as passengers return.
Although the CPF provides a steady return, there are four REITs with distribution yields that exceed the CPF's interest rate. The post 4 REITs with Dividend Yields Better Than Your CPF appeared first on The Smart Investor.
Five Grand Awards at the "Ear Up Music Festival" 13 New Voices of Hong Kong that Must Be Heard HONG KONG SAR - Media OutReach - 16 May 2022 - Now in its fifth year, the "Ear Up Incubation" music mentorship programme reached another milestone for the local music industry when 14 Hong Kong based groups were chosen as finalists in the long-awaited Ear Up Music Festival in April 2022. Credit: Ear Up Music Along with local rock band, Kolor and independent singer-song writer, Kendy Suen, the 13 rising
The UOB Preferred Platinum Card is a very unglam credit card. But underneath that boring-ass navy blue exterior is a pretty good rewards card that lets you earn 4 miles... The post UOB Preferred Platinum Visa Card – MoneySmart Review 2022 appeared first on MoneySmart.sg.
Gone are the days when you’d have to sign up with one of the big 3 telcos — Singtel, Starhub and M1 — just for mobile data. With one of... The post 12 Best SIM-Only Mobile Plans in Singapore: Singtel vs StarHub vs M1 appeared first on MoneySmart.sg.
Facebook boss Mark Zuckerberg rang the opening bell remotely to cheers 10 years ago as the beloved social network made its stock market debut, culminating an all-night hackathon that included street hockey, costumes and music.The Silicon Valley tech colossus rebranded as Meta has since seen its image tainted by accusations it has become a tech tyrant, putting profit over user privacy and even the good of society.
Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production.
SINGAPORE - Media OutReach - 16 May 2022 - Capturing socio-cultural trends nestled in childhood experiences, MINT Museum of Toys Singapore will narrate influential stories that defined playtime in its latest exhibition, UNBOX Presents: Toy Figurines. Open to the public from 28 May to 28 November 2022, the exhibition will unveil the various toy figurines that underpinned and sparked generational shifts, from the evolution of gender norms portrayed by Barbie, G.I. Joe and Bratz to the epitome of t
The U.S. dollar index was lower on Monday after hitting a 20-year peak last week, with the global economy in focus after weak economic data from China highlighted worries about the prospects for a global slowdown. Creating a risk-off mood on Monday, China's retail and factory activity fell sharply in April as extensive COVID-19 lockdowns confined workers and consumers to their homes. Following the release of China's data, Bipan Rai, North America head of FX Strategy at CIBC Capital Markets, said trading was focused on macro economic data on Monday.
Nothing gets Singaporeans going like a hotel buffet. After all, eating is our national hobby. They’re pretty expensive at full price. In the past, thanks to competitive credit card promotions,... The post Best Buffets Singapore – Carousel, Colony, Edge, Peppermint, The Line Buffet Prices (2022) appeared first on MoneySmart.sg.
IREIT Global's manager secures 6 year extension for least at Bonn Campus to unit of Deutsche Telekom
Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the country's coronavirus pandemic was receding in the hardest-hit areas. Brent crude futures for July delivery rose $2.69 to settle at $114.24 a barrel, a 2.4% gain, while U.S. West Texas Intermediate (WTI) crude rose $3.71, or 3.4%, to $114.20 a barrel. However, it is estimated that 46 cities in China are under lockdowns, hitting shopping, factory output and energy usage.
Analysts' price targets range from US$250 to US$1,620
In recent months, the interest rate and therefore returns of the Singapore Savings Bond (SSB) have been rising steadily. Should you buy the...
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