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The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday’s session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year. Markets that had spent late July pricing a hawkish Federal Reserve (Fed) reversed course in the morning. This coming Wednesday’s Consumer Price Index (CPI), projected at 3.4% YoY headline and 2.5% YoY on the core measure, now decides whether that repricing extends or stalls. Two Fed speakers follow on Thursday, with Hammack…

Sir Dave Lewis, surnommé « Drastic Dave » pour les restructurations menées chez Tesco et Unilever, a commandé sa tournée habituelle : 1 milliard de dollars d’économies, des suppressions de poste, un modèle opérationnel redessiné et des cessions d’actifs ciblées.Mais si purger l’inefficacité relève de la saine gestion dans un supermarché, tailler dans un empire de spiritueux risque d’assécher le carburant marketing indispensable à la désirabilité des marques.

Rep. Max Miller (R-OH) leaves a House Republican Caucus meeting on Capitol Hill on Nov. 19, 2024, in Washington, D.C.Andrew Harnik | Getty ImagesRepublican Rep. Max Miller of Ohio will remain in his reelection race, after a key deadline passed for the GOP to replace him as its nominee, despite mounting calls from fellow Republicans for him to drop his reelection bid.Under Ohio law, Republicans have until Monday at 4 p.m. to name a replacement nominee. But the local Republican officials responsible for choosing one must receive at least two days’ notice before meeting, meaning Miller would have needed to…

“Baby-faced” billionaire Yang Zhilin recently dealt the biggest shock to Western markets since DeepSeek, wiping hundreds of billions of dollars off the valuations of AI and chip stocks.Kimi K3, developed by Yang’s Moonshot AI, is the most advanced “open-weight” large language model to emerge from China yet, topping many benchmarks with its capabilities “at a third of the cost”.At a stroke, notions of Silicon Valley’s technical dominance have been swept away, with its developer, Moonshot AI, challenging the likes of Anthropic and OpenAI at the frontier – prompting questions about their mega-valuations. Try 6 free issues of MoneyWeek today Get…

China's 'national team' battles AI stock rollercoaster

Key Points Interested in Ring Energy, Inc.? Here are five stocks we like better. Production and pricing improved: Second-quarter sales volumes rose 3% sequentially to 19,990 BOE per day, while revenue reached approximately $104.7 million as realized pricing increased 36% to $57.55 per BOE. Unit costs also declined, with LOE falling to $10.12 per BOE. Debt reduction strengthened liquidity: A $65 million equity offering was used to repay revolver borrowings, raising liquidity to about $226 million and reducing leverage to approximately 1.7 times. Ring continues to target leverage below 1.25 times and may use potential non-core asset-sale proceeds for further…

Rep. Alexandria Ocasio-Cortez’s stunning election win eight years ago heralded the start of a broader political shift, and the New York Democrat sees that swelling into a transformational movement. In an interview Sunday on ABC News’ This Week, she acknowledged that her party had lost support from young people in earlier election cycles, especially young men, and said Democrats must engage with them to build a winning coalition. “When we look at this insurgent wave of what is happening, oftentimes when people are doing that Monday morning quarterbacking and what demographics voted where, the big one that’s being ignored is…

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Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.Berkshire Hathaway’s operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.But the bigger takeaway from the results is that CEO Greg Abel, 64, is starting to put the record cash hoard amassed by Warren Buffett to work on buybacks and stock purchases.Operating earnings rose to $12.98 billion from $11.16 billion a year earlier. Manufacturing, service and retailing earnings jumped 24% to $4.47 billion, while Berkshire Hathaway…

Iranian Foreign Minister Abbas Araghchi speaks during a press conference held at the Ministry of Interior in Tehran, Iran, on Aug. 8, 2026, on the occasion of National Journalists’ Day.Anadolu | Anadolu | Getty ImagesIranian Foreign Minister Abbas Araghchi said Tehran is not currently in direct talks with the U.S. to end the war with Iran and open the Strait of Hormuz, despite Washington’s assertions that a deal is near.A brief hiatus in fighting between the U.S. and Iran after a June 17 memorandum of understanding has been followed by weeks of Iranian drone and missile attacks on shipping in the strait…