Month: May 2022
Biden signs bill that aims to streamline U.S. military aid to Ukraine
U.S. President Joe Biden signs an executive order to prohibit trade and investment between U.S. individuals and the two breakaway regions of eastern Ukraine recognized as independent by Russia, at the White House in Washington, U.S., February 21, 2022. The White House | Reuters WASHINGTON — President Joe Biden signed a bill Monday that will streamline the […]
Read More
Erling Haaland close to completing Manchester City move from Borussia Dortmund
Haaland has scored 85 goals in 88 matches for Dortmund since joining from RB Salzburg in January 2020. Matthias Hangst | Getty Images Sport | Getty Images Erling Haaland is close to completing his move to Manchester City. Sources in Belgium have told Sky Sports News that Haaland completed a medical at Hospital Erasme in Brussels on […]
Read More
Yellen says financial system working well despite ‘potential for continued volatility’
U.S. Treasury Secretary Janet Yellen testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen believes the U.S. financial system is in working order, but that Russia’s invasion of Ukraine and China’s Covid-19 lockdowns are […]
Read More
Bitcoin drops more than 10% on Monday, dips below $31,000 just days after topping $40,000
Bitcoin dropped more than 10% on Monday, dipping below $31,000 after touching a recent high of $40,000 last week. The price of bitcoin was last down 10.6% at $30,914.84, according to Coin Metrics. The cryptocurrency is at its weakest point since last July when Bitcoin traded as low as $29,839.80 – the last time bitcoin […]
Read More
Rivian reports earnings Wednesday. Here’s what we learned after 3 rivals reported last week
Rivian CEO RJ Scaringe inside the company’s customer experience center outside of its plant on Aptil 11, 2022 in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive will report its first-quarter earnings after market close on Wednesday. Wall Street analysts polled by Refinitiv expect a loss of $1.44 per share on revenue […]
Read More
Queen won’t attend Parliament opening due to mobility issues
Britain’s Queen Elizabeth II attends a Service of Thanksgiving for her late husband, Britain’s Prince Philip, Duke of Edinburgh, at Westminster Abbey in central London on March 29, 2022. Richard Pohle | AFP | Getty Images Buckingham Palace says Queen Elizabeth II will not attend the opening of Parliament on Tuesday amid ongoing mobility issues. […]
Read More
Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid | Reuters Goldman Sachs is scaling back its business in the once red-hot SPACs as blank-check deals got caught in a double whammy of regulatory crackdown and tough market environment. “We are reducing our involvement […]
Read More
U.S. will limit next generation Covid vaccines to high-risk people this fall if Congress doesn’t approve more funding
The U.S. will have to limit the next generation of Covid vaccines this fall to individuals at the highest risk of getting seriously sick from the virus if Congress fails to approve funding to purchase the new shots, according to a senior Biden administration official. The official, who spoke on condition of anonymity, warned that […]
Read More
Contrarian bounce? One of the few bullish signs in this stock market is that everyone is so bearish
“It’s usually when no one can find anything positive on the horizon that bottoms are made,” Bespoke Investment Group said. Source
Read More
40 percent of America’s baby formula supplies are out of stock
A baby formula display shelf is seen at a Walmart grocery store in Orlando. Stores across the United States have struggled to stock enough baby formula, causing some chains to limit customer purchases. Paul Hennessy | Lightrocket | Getty Images There appears to be no end in sight to America’s baby formula shortage, according to […]
Read More