Month: May 2022
Facebook caused chaos to put pressure on Australian lawmakers, report says
The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images Facebook used an algorithm it knew would affect pages beyond those of publishers in Australia […]
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Longtime China bull Stephen Roach says there’s ‘no way’ Beijing will meet its 5.5% growth target
China is facing “enormous risk” and at the moment and is unlikely to meet its economic growth target for the year, according to economist Stephen Roach, who has been a longtime bull on the Asian giant. “I’m a congenital bull on China,” Roach told CNBC’s “Squawk Box Asia” on Friday. “That’s not the case for […]
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How a trip to rural Zambia, backed by U2 singer Bono, led Matt Damon to campaign for clean water
Hollywood superstar Matt Damon told CNBC that a visit to rural Zambia in 2006 first opened his eyes to the impact of a global water crisis that nobody was talking about. The Oscar-winning actor, producer and screenwriter co-founded nonprofit Water.org in 2009 with former civil and environmental engineer-turned-global water and sanitation expert, Gary White. Together […]
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed […]
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Scientists are hoping to grow coral reefs at the base of wind turbines in Taiwan
Alongside their natural beauty, coral reefs have an important role to play in the natural world. According to the National Oceanic and Atmospheric Administration, around one quarter of the ocean’s fish rely on healthy coral reefs. Reinhard Dirscherl | Ullstein Bild | Getty Images Danish energy firm Orsted is to trial growing corals on the […]
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China’s Covid lockdowns are hitting more than just Shanghai and Beijing
Nationwide, about 327.9 million people in more than 40 cities are affected by the latest lockdowns, Nomura’s Chief China Economist Ting Lu estimated Wednesday. Pictured here from February is a closed shopping mall in Suzhou with red banners proclaiming the need to fight the virus. Sopa Images | Lightrocket | Getty Images BEIJING — While […]
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Pope delivers stern warning to leader of Russian Orthodox Church over support for Putin in Ukraine
The Pope today warned the leader of the Russian Orthodox Church to not be ‘Vladimir Putin’s altar boy.’ Source
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Cramer’s lightning round: Stay away from CoreCivic
Loading chart… CoreCivic Inc: “Let’s just stay away.” Loading chart… Inmode Ltd: “If you want med tech, you just want Edwards Lifesciences.” Loading chart… Western Midstream Partners LP: “This one’s got a great yield, really good story.” Loading chart… SGHC Limited: “They are doing well, and I don’t say that idly.” Loading chart… Enterprise Products […]
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Looking for opportunity in the tech wreck, Bernstein likes these cheap quality stocks
More investors are looking for solid names as rising bond yields prompt a pivot away from growth-oriented stocks. Source
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Here’s why Jim Cramer is warning investors to stay away from ScottsMiracle-Gro
CNBC’s Jim Cramer on Thursday told investors to resist the urge to add ScottsMiracle-Gro to their portfolios, despite the stock’s low valuation. “Historically, this is a great time of year for anything garden related because it’s planting season, and Scotts is a name that we used to get a ton of questions about. … But, […]
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