Limor Suss attends the 2022 Amazon Accelerate conference in Seattle. #PaidForContent
(Bloomberg) -- Pakistan’s small textile mills, which make products ranging from bedsheets to towels mainly for consumers in the US and Europe, are starting to shut after devastating floods wiped out its cotton crop.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansGet Ready for Anoth
- Los Angeles Times Opinion
Readers are fed up with relentless increases in gas prices in California, and the explanations that are used to justify them.
MOSCOW (Reuters) -Russian manufacturing activity grew at its fastest rate in 3-1/2 years in September, driven by rises in production, new orders and client demand, a business survey showed on Monday, though Western sanctions continued to weigh on export business. The S&P Global Purchasing Managers' Index (PMI) rose in September to 52.0 from 51.7 in the previous month, climbing higher above the 50.0 mark that separates expansion from contraction to its highest point since March 2019. "Client demand was focused on domestic customers, however, as new export orders declined steeply," S&P Global said in a monthly survey.
Oil prices were up in morning trading on Monday as expectations mounted for a hefty oil-production cut from the Organization of Petroleum Exporting Countries and its allies at their October meeting. West Texas Intermediate the U.S. standard, was up 6% at $84.27 a barrel. OPEC is considering reducing production by more than one million barrels a day, The Wall Street Journal reported on Sunday.
Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting agency, the Enforcement Directorate, to seize 55.51 billion rupees, saying a probe found Xiaomi had made illegal remittances to foreign entities by passing them off as royalty payments.
Jeff Bezos, the former richest man in the world, on Sept. 16 lost his title as the second richest man in the world to Indian businessman Gautam Adani. The duo formed by Elon Musk, the richest man in the world, and Bezos at the top of these rankings has become a form of routine for those who love them. The founder and executive chairman of tech and online-retail giant Amazon on Sept. 16 had dropped to No. 3, according to the Bloomberg Billionaires Index.
The Organization of the Petroleum Exporting Countries (OPEC), a cartel of 23 oil-producing countries, will discuss reining back output by more than 1 million barrels per day (bpd) at its Oct. 5 meeting in Vienna.
- Business Insider
Donald Trump sued CNN, accusing the network of using its 'massive influence' to defame him 'for the purpose of defeating him politically'
Former President Donald Trump threatened to sue CNN earlier this year and is seeking at least $475 million in damages.
A closely-watched case where business titan Richard Liu was accused of rape was settled hours before trial.
California has pretty much always paid much more than the nation for gasoline at the pump, in part due to higher taxes and a more expensive blend of fuel, but an average price that's nearly 70% more than just about everyone else in the U.S. is a bit extreme.
(Bloomberg) -- The European market for Russia’s seaborne crude is drying up as sanctions draw nearer, and the country’s Asian customers aren’t picking up the slack like they once were. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsCredit Suisse Market Turmoil Heightens After Memo BackfiresS&P 500 Jumps 3% After Washout as Bond Yields Sink: Markets WrapTesla Falls Most Since June as Quarterly Deliveries DisappointKim Kardashian to Pay $1.3 Million to SEC for C
U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation. The Institute for Supply Management (ISM) survey on Monday also showed a measure of manufacturing employment contracted last month for the fourth time this year. ISM Manufacturing Business Survey Committee chair Timothy Fiore said "companies are now managing head counts through hiring freezes and attrition to lower levels, with medium- and long-term demand more uncertain."
Ford's (F) recent announcement of a whopping $700 million investment in Kentucky will boost employment and new vehicle upgrades. The new '23 F-Series Pickup Truck will be built at its Kentucky plant.
(Bloomberg) -- Donald Trump asked a judge to put a defamation lawsuit by New York columnist E. Jean Carroll on hold -- and delay his deposition -- after a federal appeals court issued a preliminary ruling that could derail the case.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsStocks Rise From the Ashes in Best Day Since July: Markets WrapTrump Asks to Push Special Master Appeal Hearing to JanuaryCredit Suisse Market Turmoil Heightens After Memo BackfiresElon
HOUSTON (Reuters) -Oil prices jumped nearly $4 a barrel on Monday as OPEC+ considered reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures for December delivery rose $3.72 to $88.86 a barrel, a 4.4% gain. Oil prices have declined for four straight months since June, as COVID-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging U.S. dollar weighed on global financial markets.
It's taken a while for the Food and Nutrition Service's (FNS) SNAP Online Purchasing Pilot to make its presence known throughout all U.S. states. But, as Forage noted, with online grocery shopping...
The average American is saving less for retirement than you might think. A recent GOBankingRates survey found that 38% of Americans think they will need less than $500,000 to retire -- a far cry from...
U.S. natural gas prices have quadrupled in the last two years, a price spike that is, in part, due to the country’s booming LNG industry
- Motley Fool
Wealthcare Financial recently did an analysis, and it found that won't be enough. When Gen Z and millennials reach retirement age, they're going to need $3 million in retirement savings. After years of hearing that $1 million was a good goal for retirement, $3 million is a huge, scary jump.
(Bloomberg) -- China has curbed exports of corn starch in a signal that the world’s biggest corn importer is likely worried about local supplies. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Falls Most Since June as Quarterly Deliveries DisappointCredit Suisse Market Turmoil Deepens After Memo BackfiresStocks Stage Oversold Comeback as ISM Sinks Yields: Markets WrapOPEC+ Set to Discuss 1 Million-Barrel Output Cut as Demand SlowsThe government has asked