Investors nurse losses after ‘short squeeze’ at car rental group Avis Budget
US company’s equities had soared more than 400% in echo of Wall Street’s 2021 ‘meme stock’ craze Source link
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Not even Iran war’s oil shock will help China reflate
Rising prices risk deepening the country’s deflationary trap rather than providing any escape from it Source link
Tesla boosts spending plans to $25bn as Musk doubles down on AI bet
CEO warns investors to expect ‘very significant’ spending increase on self-driving taxis, trucks, robots and chip factories Source link
Argentina’s economy records sharpest monthly contraction under Milei
Manufacturing and retail sectors post sharp declines in economic activity Source link
Isa confusion clouds UK’s launch of retail investing campaign
‘Savvy the Squirrel’ initiative comes as investors await clarity on eligibility of products in stocks-and-shares products Source link
Nigeria replaces finance minister in bid to deepen reforms
Wale Edun leaves President Bola Tinubu’s cabinet less than a year before an election in one of Africa’s largest economies Source link
Iran war drives Panama Canal lane prices to record high
Asian buyers seeking western crude push bids five times higher than pre-conflict levels Source link
King Charles Will Not Meet Epstein Victims During U.S. State Visit
Representative Ro Khanna had asked Buckingham Palace for a private meeting between the victims and King Charles during his planned visit to the U.S. next week. Source link
Ice Sculpture Promoting Drake Album Melted by Fire Crews
new video loaded: Ice Sculpture Promoting Drake Album Melted by Fire Crews transcript Back transcript Ice Sculpture Promoting Drake Album Melted by Fire Crews Fire crews in Toronto hosed down a 25-foot tall ice sculpture that had been installed to promote a new album by the rapper Drake. “I’m trying to get the album.” “I…
Iran Says It Seized Two Ships Near the Strait of Hormuz
A British naval agency said the two vessels had come under attack near the strait, as a U.S. blockade on Iran’s ports continued. Source link