Month: May 2022
How this millennial turned $700 into a multimillion-dollar fishery start-up
When she was young, Utari Octavianty often felt like the underdog because of where she came from. Her hometown is Kampung Bahru, a remote fishing village in North Sumatra, Indonesia, where many don’t have access to education. There was even a common saying: “If you come from a fishing village, you cannot win.” That’s why […]
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Biden addresses nation after Texas man kills 18 kids, 3 adults at elementary school
[The stream is slated to start after 8:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is delivering a primetime address Tuesday evening, hours after a gunman killed 18 children and three adults at an elementary school in Uvalde, Texas. Earlier, he ordered […]
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Georgia Gov. Brian Kemp beats Trump pick Perdue in GOP governor primary race, will face Democrat Abrams, NBC projects
Gov. Brian Kemp greets attendees at a campaign event on May 17, 2022 in Alpharetta, Georgia. Elijah Nouvelage | Getty Images Georgia’s Republican Gov. Brian Kemp was projected on Tuesday to win his party’s nomination for reelection, batting away a primary challenge from ex-President Donald Trump’s preferred candidate, former Sen. David Perdue. Kemp will face […]
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Strategists pick their top stocks to beat rising prices and slowing growth — including some they say are ‘extremely cheap’
The global economy is beset with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The U.S. Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month . […]
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Sen. Raphael Warnock wins Georgia’s Democratic Senate primary, GOP race too early to call, NBC projects
Heisman Trophy winner and Republican candidate for US Senate Herschel Walker speaks to supporters of former U.S. President Donald Trump during a rally at the Banks County Dragway on March 26, 2022 in Commerce, Georgia. Megan Varner | Getty Images News | Getty Images Sen. Raphael Warnock will win Georgia’s Democratic Senate primary race, while […]
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Georgia’s GOP primary for secretary of state is too early to call, NBC projects
Georgia Secretary of State Brad Raffensperger gives an afternoon update on the Georgia Primary Election at the election command center in Atlanta, Georgia, May 24, 2022. Alyssa Pointer | Reuters Georgia’s Republican primary election for secretary of state was too early to call when polls closed Tuesday evening, according to NBC News. Brad Raffensperger, Georgia’s […]
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No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really […]
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Stock futures rise following Tuesday’s losses in the Nasdaq
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 points, or 0.4%. S&P […]
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Electric vehicles are in short supply. Here’s what you can find as gas prices soar
Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images As gas prices hit record highs, some Americans might be tempted to go electric and ease the pain at the pump. But finding a shiny, new electric vehicle […]
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Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Stellantis CEO Carlos Tavares said he expects shortages of the batteries and raw materials needed to make electric vehicles in the coming years, as the global automotive industry pivots to EVs to meet […]
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