Month: May 2022
Biden signs $40 billion aid package for Ukraine during trip to Asia
U.S. President Joe Biden, right, attends a state dinner hosted by South Korean President Yoon Suk Yeol, left, at the National Museum of Korea, Saturday, May 21, 2022, in Seoul. Evan Vucci | AP Photo President Joe Biden on Saturday signed legislation to support Ukraine with another $40 billion in U.S. assistance as the Russian […]
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The space industry is on its way to reach $1 trillion in revenue by 2040, Citi says
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month. A further decline in the cost of accessing space would create more opportunities […]
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Biden, South Korea’s Yoon vow to deter North Korea but offer Covid aid
South Korean President Yoon Suk-yeol looks on as U.S. President Joe Biden delivers remarks during a visit to a semiconductor factory at the Samsung Electronics Pyeongtaek Campus in Pyeongtaek, South Korea, May 20, 2022. Jonathan Ernst | Reuters President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills […]
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Australian election heads for tight finish as major parties struggle
Prime Minister Scott Morrison greets local community members during afternoon tea at Railway Halls on May 16, 2022 in Cairns, Australia. The Australian federal election was held on Saturday 21 May. Asanka Ratnayake | Getty Images News | Getty Images Voting in Australia’s general election ended on Saturday with early returns showing both Prime Minister […]
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Russia may be running out of crucial targeting drones; brutal siege of Mariupol steel plant ends. Follow our live updates
Boris Johnson spoke with Turkey’s Erdogan about NATO concerns U.K. Boris Johnson spoke with his Turkish counterpart Recep Tayyip Erdogan on Friday, focusing on their two countries’ cooperation and the war in Ukraine. Johnson raised the issue of Turkey’s opposition to Sweden and Finland’s NATO membership applications, and “encouraged” Erdogan to work with both countries […]
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Cramer’s week ahead: Stocks can’t stage ‘meaningful’ comeback until major obstacles are resolved
CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-basis point […]
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Cramer’s lightning round: Signet Jewelers is a buy
“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 says he likes these three smaller plays in battered retail sector
CNBC’s Jim Cramer said Friday that while the retail sector has had a rough week, there are still several winners that stand out against the deluge of stocks that tanked. “The big four aren’t the only retailers that reported this week, and surprisingly, some of the smaller players actually did pretty well,” the “Mad Money” […]
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Veteran technical analyst Larry Williams sees a market bottom in the making, Jim Cramer says
CNBC’s Jim Cramer on Friday explained fresh technical analysis from veteran chartist Larry Williams that signals the market is headed for a bottom. “I know it’s tough to believe anything positive at this moment, but I said the same thing in April 2020, and that’s when Larry Williams made one of the best bottom calls […]
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Judge rules Covid asylum restrictions must continue on border
Migrants queue outside the office of the National Migration Institute (INM) as they wait for a QR code to register their migratory situation and travel throughout the country, in Tapachula, Mexico, February 2, 2022. Jose Torres | Reuters Pandemic-related restrictions on migrants seeking asylum on the southern border must continue, a judge ruled Friday in […]
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