Tommy R

Huawei, ZTE Suffer U.S. Sales Ban

Chinese smartphone manufacturers Huawei Technologies and ZTE have suffered a major sales setback following the U.S. Government's decision to ban the approvals of new telecommunications equipment from the two companies. According to the Biden administration, this equipment poses "an...

Saudi Arabia’s Dar Al Arkan Signs Deal With Trump Brand for $4 Billion Project in Oman

Saudi Arabian real estate developer Dar Al Arkan announced that it had reached an agreement with former U.S. President Donald Trump's company to use the Trump Brand for a project that it plans to launch in Oman. The $4...

Futures Decline Ahead of Retail Earnings Announcements

U.S. stock futures started the week lower as investors await the release of earnings from the retail sector. Futures on the S&P 500 fell by 0.3% while futures on the Dow Jones Industrial Average and Nasdaq Composite declined by...

U.S. Futures Recover as Focus Turns to Midterm Elections

Futures listed on the S&P 500 and Nasdaq 100 indexes recovered from previous losses on Monday as U.S. stocks posted a second-day rally. This comes as investors turn their focus to Tuesday's midterm elections. While gold continued to trade lower,...

U.S. Natural Gas Futures Surge Amid Rising LNG Exports

U.S. natural gas futures surged 10% on Monday, reaching a two-week high. This comes after a higher-than-expected demand for LNG exports for the week was forecast. This rise in demand is largely attributed to the return of Berkshire Hathaway...

Boeing Announces $2.8 Billion Hit in Defence Business

Shares in Boeing Co. fell by 4% on Wednesday after the company recorded a $2.8 billion charge in its defense business. The U.S. plane manufacturer is experiencing rising costs as a result of the inflationary pressures that have been...
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