Text size CEO of Ericsson Börje Ekholm (Per Myrehed). Shares in Ericsson soared more than 10% on Friday, after the Swedish telecoms company reported higher-than-expected second-quarter earnings, fueled by an increase in 5G network sales and software revenue. The back story. Ericsson has made a recovery under Börje Ekholm, who …
Read More »OPEC meeting worries oil investors
Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
Read More »Is the stock market closed today? These are the hours for the July 4th holiday.
Text size Yana Paskova / Getty Images After a first half of the year filled with vintage events, investors will have a much-needed break on Friday as most of the US markets will be closed to observe on July 4th. After the significant liquidation in March, the shares recovered some …
Read More »Is the stock market closed today? These are the hours for the July 4th holiday.
Text size Yana Paskova / Getty Images After a first half of the year filled with vintage events, investors will have a much-needed break on Friday as most of the US markets will be closed to observe on July 4th. After the significant liquidation in March, the shares recovered some …
Read More »Saudi spending skyrocketed before the VAT jump when the triple shock hits the economy
Saudi Arabian citizens entered stores after coronavirus blockade restrictions were lifted in June, hoping to save money on non-perishable goods, from food and clothing to electronics and cars, before the kingdom triples your value added tax or VAT. Riyadh announced the levy, which increased from 5% to 15% on July …
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