Dollar Wrecking Ball Forces Investors to Seek Cover in Exporters
The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.
The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.
Barclays Plc posted first-quarter profits that topped analyst estimates after its stock traders collected a surprise windfall from tumultuous global markets.
Cnooc Ltd. saw profits hit a record in the first quarter as the offshore driller continued to increase output amid slightly lower global crude prices.
Malaysia’s Khazanah Nasional Bhd. and two other funds will invest up to 3 billion ringgit ($627 million) in startups in Southeast Asia.
Technology stocks led declines in US equity futures Thursday after Meta Platforms Inc.’s disappointing outlook underscored the risk of volatility in a high-stakes earnings week.
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