Month: May 2022
Chelsea takeover: Todd Boehly consortium signs agreement to take over from Roman Abramovich
Chelsea’s stadium, Stamford Bridge. Justin Tallis | Afp | Getty Images Todd Boehly’s consortium has signed an agreement to purchase Chelsea from Roman Abramovich. The proposed deal, announced by the club in a statement in the early hours of Saturday morning, has to be approved by the UK Government and the Premier League before it […]
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Beijing kicks off fresh round of Covid tests as Shanghai postpones crucial exams
China’s capital Beijing kicked off a fresh round of mass testing for Covid-19 on Saturday, May 7, and shut more bus routes and metro stations. Jiang Qiming | China News Service | Getty Images China’s capital Beijing kicked off a fresh round of mass testing for Covid-19 on Saturday and shut more bus routes and […]
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North Korea fired short-range ballistic missile, South Korea military says
People walk past a television screen showing a news broadcast with file footage of a North Korean missile test, at a railway station in Seoul on January 11, 2022, after North Korea fired a “suspected ballistic missile” into the sea, South Korea’s military said, less than a week after Pyongyang reported testing a hypersonic missile. […]
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China to ban minors from tipping livestreamers, watching after 10 p.m.
Beauty blogger Austin Li Jiaqi speaks with a dog on his lap while livestreaming on the e-commerce platform Taobao on October 26, 2018 in Shanghai, China. The 27-year-old Li, nicknamed “Lipstick Brother,” is the hottest online beauty blogger in China. VCG | Getty Images China’s broadcasting regulator put forth new rules on Saturday that forbid […]
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In the Philippines, presidential frontrunner Bongbong seeks to rebrand Marcos’ brutal legacy
220422 Marcos Jr seen here addressing a rally in suburban Manila in Arpril. The Marcos name has lost its menace for a new generation of Filipinos which has grown up with no memory of the brutal martial law era of the last century. Jam Sta Rosa | Afp | Getty Images For a significant portion […]
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How the Supreme Court went from cementing abortion rights in Roe v. Wade to drafting their demise
The U.S. Supreme Court is seen through high fencing that was installed overnight following protests outside of the court following the leaked opinion suggesting the possibility of overturning the Roe v. Wade abortion rights decision, in Washington, May 5, 2022. Evelyn Hockstein | Reuters Federal protections for abortion rights have withstood legal challenges for nearly […]
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Starbucks hit with sweeping labor complaint including over 200 alleged violations
Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, N.Y., issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National […]
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Cramer’s lightning round: Chubb is ‘a great company’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Jim Cramer warns that the Fed’s fight against inflation will beat down ‘formerly high-flying stocks’
CNBC’s Jim Cramer said Friday that the Federal Reserve’s attempts to crush inflation by raising interest rates will also inevitably bring down “formerly high-flying stocks” — even those that are “legitimate” companies. The stock market is “a major risk to containing inflation. It’s not just collateral damage, it’s one of [Fed Chair Jay Powell’s] targets. […]
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David Tepper calls Fed’s tightening signal an ‘unforced error’ that’s brought ‘unhinged’ markets
David Tepper said the market turmoil this week was partly caused by the Federal Reserve’s messaging on its aggressive tightening schedule. Source
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