South African state power company Eskom said on Friday that electricity cuts could intensify following labour protests at nine of its facilities linked to deadlocked wage talks.
The Russian rouble stabilised near seven-year peaks on Friday, supported by capital controls and high prices for Russian exports, such as oil and gas, while OFZ government bond prices climbed higher.
Late-stage data on an experimental COVID-19 vaccine from Sanofi and GSK has showed the shot confers protection against the Omicron variant of the vaccine, the French drugmaker said on Friday.
Dalian iron ore futures edged higher on Friday after a record 10-session slide, but prices in Singapore remained pressured by a gloomy outlook for demand from top steel producer China.
TotalEnergies has taken logistics measures to make sure its network of petrol stations and its clients will be sufficiently supplied throughout the weekend despite a strike hitting its French oil refineries on Friday, a spokesman said.
Carmaker Stellantis will invest 50 million euros ($52 million) to buy a 8% stake in miner Vulcan Energy Resources, becoming its second largest shareholder and extending to 10 years a supply agreement for climate-friendly lithium.
The Spanish economy grew 0.2% in the first quarter of 2022, slowing from a 2.2% growth rate in the last three months of 2021, final official data showed on Friday.
South Africa's rand firmed against the dollar early on Friday, as investors continue to assess the path for Federal Reserve policy and whether aggressive rate hikes would trigger a recession.
Pakistan will impose an extra one-time 10% tax on large scale industry for one year ahead of a deal to be finalised with the International Monetary Fund (IMF), Finance Minister Miftah Ismail said on Friday.
Current production stoppages at two Stellantis auto plants in France stem from shortages in components from German supplier Continental, business daily La Tribune reported on Friday.
Gains in technology stocks helped the main Australian index round off the week on a positive note, although worries about a recession were a drag on the heavyweight sectors of energy and mining.
Traders are slashing their bets on how far central banks will be able to lift interest rates this cycle, reflecting growing fears in financial markets of economic slowdown or even outright recession.
According to NextEarningsDate.com, the Micron Technology (NASD: MU) MU next earnings date is projected to be 6/30 after the close, with earnings estimates of $2.46/share on $8.70 Billion of revenue. Looking back, the recent Micron Technology earnings history looks like this:
In trading on Thursday, shares of Commerzbank A G (Symbol: CRZBY) crossed below their 200 day moving average of $7.69, changing hands as low as $7.61 per share. Commerzbank A G shares are currently trading off about 11.6% on the day. The chart below shows the one year perform
In trading on Thursday, shares of Agilon Health Inc (Symbol: AGL) crossed above their 200 day moving average of $22.45, changing hands as high as $22.49 per share. Agilon Health Inc shares are currently trading up about 12.4% on the day. The chart below shows the one year per
The largest U.S. banks would remain well capitalized in the event of a severe economic shock, the U.S. Federal Reserve said on Thursday after the lenders' annual health check, paving the way for them to issue share buybacks and dividends.
The Dow Jones Industrial Average stayed positive this week, adding roughly 194 points today in what has been a solid week so far, as investors adapt to an economy that is likely headed for a recession at some point.
What happened
Shares in agricultural and construction equipment company CNH Industrial (NYSE: CNHI) were down nearly 9% as of 3 p.m. ET today. The move comes as part of a general sell-off in agricultural equipment stocks. In addition, construction equipment stocks like Caterpilla