Mercedes-Benz faces steep road to reach ‘luxury’ status

The hundred-or-so investors and analysts corralled into a hotel on the French Riviera for the relaunch of Mercedes-Benz as a luxury brand on Thursday were first confronted not with a new sports car, but with an image of a 6,000-year-old jade axe. The artefact from the British Museum, displayed on a screen behind chief executive … Read more

Rare double whammy hits investors: steep slumps for both stocks and bonds

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters David Randall and John Mccrank Publishing date: May 19, 2022  •  21 minutes ago  •  4 minute read  •  Join the conversation Article content NEW YORK — From meme-stock enthusiasts to retirees, this year’s steep dive for both stocks and U.S. Treasury prices has … Read more

US stocks crash: Wall Street Week Ahead: Signs of market bottom elude investors after steep selloff

NEW YORK – Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the tumble in equities may not be over. The S&P 500 extended its decline to nearly 20% from January’s record peak on Thursday before an end-of-week bounce, … Read more

Wall St Week Ahead-Signs of market bottom elude investors after steep selloff

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content NEW YORK — Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the tumble in equities may not be over. The S&P 500 extended its decline … Read more

SQL Technologies rallies 18% after steep decline following earnings

2d illustrations and photos/iStock via Getty Images SQL Technologies (SKYX) stock rallied 18% on Thursday after losing significant ground following the release of its quarterly earnings report on Monday. Shares of the smart home and building safety technology provider opened at $4.11, recently changing hands at $4.40, up 18%, at approximately 11:05 a.m. ET. SKYX … Read more

China’s independent refiners start buying Russian oil at steep discounts

China’s independent refiners have been discreetly buying Russian oil at steep discounts as western countries suspend their own purchases and explore potential embargoes because of the war in Ukraine. An official at a Shandong-based independent refinery said it had not publicly reported deals with Russian oil suppliers since the Ukraine war started in order to … Read more

personal loans: Steep rise in people opting for personal loans to celebrate festivals: Report

Origination of personal loans, where a borrower avails credit without any security, doubled during the 2021 festive season as compared to three years ago, indicating an increased propensity among people to celebrate using such instruments, a report said on Thursday. Personal loan origination in value terms doubled to over Rs 1.47 lakh crore in December … Read more