Month: May 2022
G-7 foreign ministers vow to continue economic pressure on Russia
The Federal Minister of Foreign Affairs, Annalena Baerbock, will host and lead the work process of the G7 foreign ministers on May 14, 2022 in Weissenhaus, Germany. Janine Schmitz | Photothek | Getty Images Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political isolation, continue supplying weapons to Ukraine and […]
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UAE strongman Sheikh Mohammed bin Zayed named new president
Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of the Emirate of Abu Dhabi. Victoria Jones – PA Images | PA Images | Getty Images The United Arab Emirates’ de facto leader Sheikh Mohammed bin Zayed al-Nahyan was elected president of the Gulf Arab state by a federal supreme council on Saturday, solidifying his rule […]
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Emirates Airline, stung by soaring fuel prices, posts $1.1 billion dollar loss
Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates. Christopher Pike | Bloomberg | Getty Images Dubai’s Emirates Airline narrowed its losses to $1.1 billion in the year to March, even as soaring jet fuel costs threaten to overshadow a recovery in travel demand. The world’s largest long haul carrier said revenue jumped 91% to $16.1 billion dollars, as […]
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Russia says it will act if NATO moves nuclear forces nearer its border; Ukraine makes territorial gains
Russian forces are withdrawing from Kharkiv, Ukraine says Civilians walk past an old checkpoint in Kharkiv, Ukraine, on May 12, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian forces are withdrawing from the northeastern city of Kharkiv, Ukraine said in an operational update Saturday. “Russian enemy did not conduct active hostilities in the […]
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India blocks all wheat exports with immediate effect
India, the world’s second-biggest wheat producer, has blocked all exports of the grain with immediate effect. Bloomberg | Bloomberg | Getty Images India has prohibited wheat exports with immediate effect, the government said in a notification late on Friday, as the world’s second-biggest wheat producer tries to calm local prices. Shipments of wheat are allowed […]
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Biden calls on states to ‘fund the police,’ mental health programs using federal money
U.S. President Joe Biden speaks during an event on gun control in the Rose Garden at the White House April 8, 2021 in Washington, DC. Alex Wong | Getty Images President Joe Biden on Friday urged states and cities to use federal funds to invest in more cops, crisis responders and mental-health and substance-abuse programs […]
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Cramer’s lightning round: BigCommerce is not 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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Salesforce dumped rest of its Snowflake shares during first-quarter market plunge
Marc Benioff, chairman and co-chief executive officer of Salesforce.com Inc., speaks at the Dreamforce conference in San Francisco on Nov. 19, 2019. Salesforce’s annual software conference, where it introduces new products and discusses its commitment to social causes, was interrupted for the second year in a row by protests against the company’s work with the […]
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Zebra CEO says freight costs have moderated, component shortages still a headwind
Zebra Technologies chief executive Anders Gustafsson told CNBC’s Jim Cramer on Friday that while the company has seen freight costs come down, shortages of components like semiconductor chips continue to cause issues. “Over the past two years, we’ve seen kind of a migration of some of the issues. Now, it started off with freight being […]
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Investors could get a reprieve from vicious stock sell-off in week ahead
Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses after Friday’s rally. Buyers on Friday hunted for bargains among small caps, biotechnology names, the […]
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