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Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Asian markets fluctuated Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling. While on edge for any further escalation, trading floors are relatively calm Wednesday, with oil prices edging down despite the crises in the Middle East, Ukraine and OPEC output cuts.
Boeing safety in spotlight at US Senate hearing
Boeing is expected to face a bruising once-over Wednesday as company critics testify at a US Senate hearing, including an employee who has characterized the top-selling 787 as prone to disaster. Boeing representatives will not testify at the hearing, but the company said it is cooperating with the inquiry.
'GTA' video game publisher Take-Two cuts workforce
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
Tennessee VW workers hold key unionization vote
Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.
Digital 'sleuths' fuel misinformation after Iran strikes
Terrified onlookers crouch behind a wall as lights streak across the night sky in what self-proclaimed digital investigators claimed was footage of Iranian drones over Israel.
KZN South Coast community rallies for massive Margate clean up following devastating floods
Community members and Tidy Town volunteers have come together to clean up Margate Beach on the South Coast in KwaZulu-Natal following the devastating storm.
Tech venture capital titan Andreessen Horowitz raises $7.2 bn
Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more. Other "strategies" targeted for investment were apps, games, "American Dynamism," and tech "infrastructure" including artificial intelligence (AI).
'We are not Fed-dependent,' ECB chief says on rate cuts
European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent." "It's on that basis that we have to make our decision and not on the basis of any central bank in the world, be it the Fed."
Canada budget woos young voters, asks rich to pay more
The government of Canadian Prime Minister Justin Trudeau on Tuesday unveiled a federal budget that seeks to woo young voters while asking the wealthy to pay higher taxes. "Today, it is possible for a carpenter or a nurse to pay tax at a higher marginal rate than a multi-millionaire," Freeland told lawmakers.
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