Month: June 2022
European Central Bank confirms July rate hike plans, raises inflation projections significantly
The European Central Bank faces a tough balancing act, with inflation running at record highs while the war in Ukraine casts a shadow over the growth outlook. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month […]
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Microsoft is bringing Xbox Game Pass cloud streaming to smart TVs, so users don’t need a console
People will be able to play Xbox Game Pass games over a cloud connection on 2022 Samsung smart TVs. Microsoft Microsoft is releasing an Xbox app for smart TVs, enabling consumers to stream Xbox video games even if they don’t own consoles. Microsoft said Thursday that it will first bring the app to Samsung’s 2022 […]
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Stocks making the biggest moves premarket: Target, Novavax, Nio and more
These are the stocks posting the largest moves before the bell. Source
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As gas hits $8.60 a gallon in the UK, Brits pay $125 to fill a family car
The cost of filling an average family car in the U.K. has surpassed £100 for the first time ever. Picture Alliance | Getty Images Britons are now paying over £100 ($125) to fill up an average-sized family car after petrol prices soared past the psychological threshold for the first time ever Thursday. The price is […]
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FDA decision on Novavax’s Covid shots could be delayed to review changes in manufacturing
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images The Food and Drug Administration needs to review changes to Novavax’s manufacturing process before it can authorize the biotech […]
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Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin | AFP | Getty Images European lawmakers have voted to ban the sale of new diesel and gasoline cars and vans in […]
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UBS upgrades Tesla to buy, sees more than 50% upside for electric vehicle stock
After a major pullback in Tesla ‘s share price this year, UBS says the stock looks attractive and that the electric vehicle maker’s future looks brighter than ever. UBS said it was “time to be bold” and upgraded Tesla to buy from neutral. The firm reiterated its $1,100 price target on the stock, which implies […]
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Biden announces standards to make electric vehicle charging stations accessible
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, March 31, 2022. […]
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‘The mood is very grim’: Once-hot fintech sector faces IPO delays and consolidation
Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment. Elena Noviello | Moment | Getty Images AMSTERDAM — Financial technology companies are putting IPO plans on hold and cutting expenses as fears of an impending recession cause a shift in how investors view […]
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Zelenskyy says battle for Severodonetsk may determine fate of east Ukraine; Russian forces targeting south of Izium
Russian forces control most of Severodonetsk, regional governor says People wait to be evacuated in Lysychansk in eastern Ukraine on June 8, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian forces are in control of most of the city of Severodonetsk in eastern Ukraine and are heavily shelling the nearby city of Lysychansk, […]
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