NEWSROOM

Our newsroom is your go-to for market news, analysis, mini-courses and a variety of articles designed to make you a well-informed, well-rounded trader.

White House targets 20% lower aviation emissions by 2030 By Fitrex

(Fitrex) – The White House on Thursday said it is targeting 20% lower aviation emissions by 2030, as airlines facing pressure to lower their carbon footprint promised to use more sustainable aviation fuel. The push to accelerate carbon cutting is part of President Joe Biden’s target of making the United States net carbon neutral by …

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Tesla’s Musk asks staff to ‘go super hardcore’ to ensure decent Q3 delivery number By Fitrex

SAN FRANCISCO (Fitrex) -Tesla Chief Executive Elon Musk has asked employees to “go super hardcore” to make up for production challenges early in the third quarter and “ensure a decent Q3 delivery number,” according to an internal email seen by Fitrex. “The end of quarter delivery wave is unusually high this time, as we suffered …

Tesla’s Musk asks staff to ‘go super hardcore’ to ensure decent Q3 delivery number By Fitrex Read More »

GameStop shares drop as executives mum on turnaround plan details By Fitrex

(In paragraph 11 of Sept. 8 story, corrects to show stock closed at $198.80, not $199.16, and YTD gain was 955%, not 1,052.46%) By Svea Herbst-Bayliss and Akanksha Rana BOSTON (Fitrex) -GameStop Corp, at the center of this year’s “meme stock” trading frenzy, on Wednesday reported a 25% jump in quarterly sales but failed to …

GameStop shares drop as executives mum on turnaround plan details By Fitrex Read More »

European bonds rally as ECB keeps stimulus cut to a minimum By Fitrex

By Marc Jones LONDON (Fitrex) – Euro zone bonds were on course for their best day in months on Thursday as the European Central Bank took its first tentative step in withdrawing COVID-era stimulus, though stocks were kept back after Beijing took another swipe at its tech giants. Europe’s was still in the red after …

European bonds rally as ECB keeps stimulus cut to a minimum By Fitrex Read More »

EU wants world-first carbon border levy to hit more sectors after 2030 By Fitrex

By Kate Abnett BRUSSELS (Fitrex) – The European Commission plans to expand the EU’s carbon border tariff to cover more sectors and products after 2030, subjecting more international trade to the world-first policy, a senior Commission official said on Thursday. The Commission, which drafts EU policies, in July published its proposal for a carbon border …

EU wants world-first carbon border levy to hit more sectors after 2030 By Fitrex Read More »

ECB trims emergency support but insists “no tapering” By Fitrex

By Balazs Koranyi and Francesco Canepa FRANKFURT (Fitrex) -The European Central Bank will trim emergency bond purchases over the coming quarter, it said on Thursday, taking a first small step towards unwinding the emergency aid that has propped up the euro zone economy during the pandemic. After the ECB pulled out all the stops last …

ECB trims emergency support but insists “no tapering” By Fitrex Read More »

Carlyle-backed Packable agrees $1.55 billion SPAC merger By Fitrex

By Chibuike Oguh NEW YORK (Fitrex) – Packable, a U.S. e-commerce firm backed by Carlyle Group (NASDAQ:) Inc, said on Thursday it has agreed to merge with Highland Transcend Partners I Corp, a special purpose acquisition company (SPAC), in a deal that values the combined company at $1.55 billion. The deal includes $180 million of …

Carlyle-backed Packable agrees $1.55 billion SPAC merger By Fitrex Read More »

Rio played down Australian heritage damage at inquiry

MELBOURNE (Fitrex) – An executive with mining company Rio Tinto (NYSE:) has played down damage to Indigenous Australian heritage, an Aboriginal group said on Thursday, in a submission to an inquiry into widespread destruction of sites of cultural significance. A spokesman for Rio Tinto said the company declined to comment. News emerged this year that …

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Australia’s Crown Resorts warns may not continue as ‘going concern’ By Fitrex

By Paulina Duran SYDNEY (Fitrex) – Crown Resorts’ auditor on Thursday warned that numerous money-laundering probes into the Australian casino operator and the impact of the COVID-19 pandemic cast “material” uncertainty over the company’s ability to continue as a going concern. Crown has been embroiled in legal battles and scandal since allegations of money laundering …

Australia’s Crown Resorts warns may not continue as ‘going concern’ By Fitrex Read More »