Business and Economy

Business and Economy Latest News

Stocks choppy, dollar frothy
Stocks choppy, dollar frothy
by  AFP

Stock markets wobbled on Friday while the dollar shot higher against the euro and pound as investors fretted about interest rate hikes and a possible recession. The dollar, a safe-haven currency, jumped one percent against the pound and the euro on rising expectations of a recession.

GM reports lower Q2 sales as supply chain woes persist
GM reports lower Q2 sales as supply chain woes persist
by  AFP

General Motors reported a 15 percent drop in US auto sales in the second quarter as supply chain woes continued to crimp inventories. Cox Automotive has forecast a 19.3 percent drop in US auto sales for the second quarter.

Google to pay $90 mn in settlement with app developers
Google to pay $90 mn in settlement with app developers
by  AFP

Google will fund a $90-million settlement to small app developers who had alleged the technology giant abused its market position, according to statements seen by AFP Friday. The case centered on charges that Google violated antitrust laws with its Google Play app store, alleging the technology giant maintained a monopoly in the US market on its Android smartphone system that penalized developers.

Energy

Money

Industry

Technology

Economy