Westlake Chemical faces earnings test after brutal Q1 loss

Westlake Chemical faces earnings test after brutal Q1 loss

Westlake Chemical faces earnings test after brutal Q1 loss
Investors initially appeared to be “selling the news” after the bank handily beat Wall Street’s expectations
Thomas Trutschel | Photothek | Getty Images U.S. support for Japanese efforts to bolster the country’s struggling currency has offered a sharp bounce for the yen in recent sessions, strengthening some 5% before paring gains on Monday. The coordinated intervention has lifted the yen to 157 to the dollar, down from just above 163, which…
The rapid growth of artificial intelligence (AI) has strained the power grid. Rising electricity prices have led communities to push back against the construction of new AI data centers. Since AI can’t “live” without a reliable power source, the technology industry has a big problem on its hands. Bloom Energy (BE +8.64%) is well-positioned to…
ING’s Frantisek Taborsky notes that escalating US-Iran tensions are driving risk-off sentiment, overshadowing a light Central and Eastern Europe data calendar. The National Bank of Poland (NBP) may still consider cuts, while Turkey’s central bank is expected to hold at 37% and Hungary to trim rates to 5.75%. ING sees EUR/HUF peaking around current levels…
AI wunderkind Leopold Aschenbrenner has reportedly asked investors for an injection of fresh capital, and offered them to opportunity to buy some of its assets directly from the fund.
Progressive taxation is central to high-income countries’ tax systems, but developing countries typically rely on less progressive instruments. We study the introduction of progressive property taxation in a large Congolese city through a citywide field experiment conducted in partnership with the provincial government. Neighborhoods were randomly assigned to a progressive or a proportional schedule. The…