5 things to know before the stock market opens Wednesday, December 7

Traders on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks get over the hump? US equity markets entered Wednesday in a deep funk. After big losses Monday, stocks tumbled again Tuesday: The Nasdaq lost 2%, the S&P 500 … Read more

Musk says Twitter lawyer fired amid Hunter Biden laptop dispute | Business and Economy News

Elon Musk said he “exited” Twitter’s deputy general counsel over concerns the high-ranking executive tried to suppress information about the social media platform’s handling of the Hunter Biden laptop controversy. Musk, who bought Twitter last month for $44bn, said in a tweet on Tuesday he pushed out James Baker, the FBI’s top lawyer before joining … Read more

Economic growth misses expectations as GDP increases by 0.6 percent in the September quarter

Australia’s economic growth has come in slightly below expectations, with GDP growing by 0.6 percent in the September quarter and 5.9 percent throughout the year. Key points: Australia’s economic growth slowed down from a large 0.9 percent increase in the previous quarter GDP growth came in slightly below the typical economist forecast of 0.7 percent … Read more

Canada’s gas prices have fallen — but it may not last long, analysts warn – National

Gas prices in Canada are currently on the decline, but uncertain geopolitical forces could see the relative relief at the short-lived pumps, according to experts. Gas price tracking website GasBuddy.com is reporting that prices are down more than 25 cents as of Dec. 6 compared with November’s monthly average, currently sitting at an average of … Read more

Walmart, JPMorgan, GM CEOs talk about a possible slowdown

General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in … Read more

What is an inverted yield curve? Here’s why it could mean a ‘bad recession’ for Canada – National

As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market’s clearest signal yet that recession and lower inflation lie ahead. Canada’s central bank says that the economy needs to slow down from overheated levels in order to … Read more

Oil tankers en route to Russia as price cap on exports starts

Two tankers were heading to Russia on Monday expecting to be filled with Russian crude as a price cap on its oil exports from a coalition of Western countries went into effect. On Friday, the European Union agreed to cap Russian seaborne oil prices at $60 a barrelaiming to limit Moscow’s revenues and curb its … Read more

5 things to know before the stock market opens Monday, December 5

Traders work on the floor of the New York Stock Exchange during morning trading on December 2, 2022 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Waiting on the Fed The Federal Reserve’s policy makers don’t hold … Read more

Carl Pei’s Nothing plans to launch a smartphone in the US to take on the iPhone

The Nothing Phone (1). Nothing UK-based consumer tech company Nothing is setting its sights on the US, with ambitions of taking on Apple’s iPhone. The startup, the hardware venture of Carl Pei — co-founder of Chinese mobile phone maker OnePlus — is in early talks with American carriers about launching a new smartphone in the … Read more

Carl Pei’s Nothing plans to launch a smartphone in the US to take on the iPhone

The Nothing Phone (1). Nothing UK-based consumer tech company Nothing is setting its sights on the US, with ambitions of taking on Apple’s iPhone. The startup, the hardware venture of Carl Pei — co-founder of Chinese mobile phone maker OnePlus — is in early talks with American carriers about launching a new smartphone in the … Read more