Month: April 2022
U.S.-listed Chinese stocks jump after China reportedly considers sharing company audits
A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019. Jason Lee | Reuters New York-listed Chinese stocks jumped Friday after a report that China is considering sharing key information that would allow the firms to continue trading publicly in the […]
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Biden’s top economic advisor says restarting the Keystone XL pipeline now won’t lower oil prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and gasoline prices. National Economic Council Director Brian Deese told CNBC the Biden administration is instead concentrating on policies and strategies that can deliver lower fuel […]
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Why Russia’s invasion of Ukraine could spark a NATO defense spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on its defense budget in recent weeks. “The Russian invasion of Ukraine was a wake-up call for a lot of Germans, for politicians and for […]
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CDC will end sweeping order used to expel migrants at U.S. borders during Covid pandemic
Pedestrians wait to cross into the U.S. at the San Ysidro Port of Entry border crossing bridge in Tijuana, Mexico, on Sunday, March 20, 2022. Cesar Rodriguez | Bloomberg | Getty Images The Centers for Disease Control and Prevention will lift a sweeping public health order that has allowed the U.S. to expel more than […]
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General Motors’ U.S. sales slumped in the first quarter, trailing rival Toyota’s
A Chevrolet pickup truck is seen at the Knapp Chevrolet dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images General Motors’ first-quarter U.S. sales fell 20% from a year ago, in line with analysts’ expectations, as ongoing supply-chain issues disrupted its production and kept dealers’ inventories tight. But GM’s North America […]
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White House press secretary Jen Psaki plans to leave for an on-air role at MSNBC
U.S. White House press secretary Jen Psaki speaks during a press briefing at the White House in Washington, December 20, 2021. Kevin Lamarque | Reuters President Joe Biden’s press secretary, Jen Psaki, is planning to leave the White House to take an on-air role at MSNBC, a source familiar with the matter told CNBC on […]
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Investment banks love these ‘cheap’ global stocks they say are set to outperform
Analysts from JPMorgan, Credit Suisse and more name the “cheap” global stocks to buy right now. Source
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Euro zone inflation hits another record high of 7.5% as Russia-Ukraine war pushes up energy prices
Christine Lagarde, President of the European Central Bank. Daniel Roland | Afp | Getty Images The cost of living hit another record high in the euro zone last month, raising further questions about how the European Central Bank can stabilize such rapidly rising consumer prices. Headline inflation came in at 7.5% for March on an […]
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Biden’s plan to bring down gas prices could take weeks. Here’s how to get relief now
Filling up at the pump comes with a hefty dose of sticker shock. Russia’s invasion of Ukraine and global supply concerns have sent gas prices to record highs — hitting $6 in some parts of the country. To combat the spike in energy costs, the White House said it will release 1 million barrels of […]
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House launches investigation into Amazon’s handling of deadly warehouse collapse
Amazon truck cabs are seen outside a damaged Amazon Distribution Center on December 11, 2021 in Edwardsville, Illinois. According to reports, the Distribution Center was struck by a tornado Friday night. Michael B. Thomas | Getty Images The House Oversight Committee on Friday launched an investigation into Amazon’s labor practices, demanding the company turn over […]
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