The big decline comes just nine months after Facebook CEO Mark Zuckerberg planted a flag in the world of augmented and virtual reality by changing the name of his company to Meta Platforms Inc. Read More...
Reuters
Oil outshines stocks and dollar in 2022
Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions on Russia further limit supplies to an already tight market. MSCI’s 47-country world stocks index suffered its biggest first-half drop since its creation in 1990 as inflation hit 40-year highs and central banks raised interestrates. The U.S. dollar index, which measures the value of the greenback against a basket of other major currencies, is up about 10% so far this year, the data shows.