Economy

Big bond market moves are coming, says nation’s largest local pension plan
Economy

Big bond market moves are coming, says nation’s largest local pension plan

A year into the most significant period of Federal Reserve rate hikes in decades, you might think investors had already cemented their investment portfolio strategies for a higher interest rate world. But some of the biggest investors are making, or first planning, some of their biggest moves now.Count the largest county retirement plan in the… […]

Sugar prices spike to 11-year high and could rise further due to extreme weather
Economy

Sugar prices spike to 11-year high and could rise further due to extreme weather

Chocolate bars on display.Orlando, Winter Park, Rocket Fizz Soda Pop & Candy Shop, chocolate bar display, Milky Way and Snickers. (Photo by: Jeff Greenberg/Education Images/Universal Images Group via Getty Images)Prices for sugar spiked as rising demand was compounded by a deteriorating weather outlook — and analysts say there’s still room for prices to shoot higher.Raw… […]

Apple bets big on India, but will still rely on China for ‘years’ to come
Economy

Apple bets big on India, but will still rely on China for ‘years’ to come

Apple’s first physical retail store is located in the populous city of Mumbai.Punit Paranjpe | Afp | Getty ImagesFor years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India.Still, analysts told CNBC the iPhone-maker’s… […]

Tesla net income and earnings drop more than 20% from last year
Economy

Tesla net income and earnings drop more than 20% from last year

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Patrick Pleuil | Picture Alliance | Getty ImagesShares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after… […]

Morgan Stanley delivered a solid quarter, despite gathering macroeconomic clouds
Economy

Morgan Stanley delivered a solid quarter, despite gathering macroeconomic clouds

Club holding Morgan Stanley (MS) reported better-than-expected first-quarter results on Wednesday, even as the stock came under pressure due to rising expenses. But the results, including stellar non-interest income, were impressive in a challenging economic environment. Revenue declined 2% year-over-year, to $14.52 billion, but outpaced analysts’ expectations of $13.92 billion, according to estimates compiled by… […]