Month: June 2022
Lawmakers are racing to pass tech antitrust reforms before midterms
U.S. Senate Rules and Administration Committee Chair Sen. Amy Klobuchar (D-MN) presides during a Senate Rules and Administration Committee oversight hearing to examine the U.S. Capitol Police following the January 6, 2021 attack on the Capitol, one day before the anniversary of the attack in Washington, U.S., January 5, 2022. Elizabeth Frantz | Reuters A […]
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Searching for value in the battered biotech sector, which may not have hit bottom yet
Investors have been laser-focused on profit-producing companies, which has left companies in their pre-revenue stage on the sidelines. As a result, a growing number of biotech stocks are now trading below the value of the cash on their balance sheets. Over the past year, the SPDR S & P Biotech ETF is down nearly 44%, […]
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UK says Russia’s gains in eastern Ukraine have been ‘slow and costly’; Putin blames West for food, energy crisis
UK says Russia’s offensive in northern Ukraine ‘ended in a costly failure’ The U.K. Ministry of Defence said Russia’s offensive in northern Ukraine “ended in a costly failure.” The ministry said Russian forces were spread “too thinly without enough support from artillery and combat aircraft.” It said those efforts were based on “wildly optimistic assessments […]
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Hong Kong steps up security on Tiananmen anniversary, Taiwan decries suppression
Police officers seal off Victoria Park ahead of the 33rd anniversary of the Tiananmen Massacre on June 3, 2022 in Hong Kong. Louise Delmotte | Getty Images Hong Kong deployed heavy security near a major park on Saturday as it warned people not to gather to commemorate China’s bloody crackdown on pro-democracy demonstrators in Tiananmen […]
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White House postpones Biden trips to Saudi Arabia and Israel
US President Joe Biden speaks about the May 2022 Jobs Report from the Rehoboth Beach Convention Center on June 3, 2022, in Rehoboth Beach, Delaware. Mandel Ngan | AFP | Getty Images President Joe Biden’s planned visits to Saudi Arabia and Israel later this month have been postponed until July, several officials told NBC News on Friday. […]
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Taiwan cheers ‘Top Gun: Maverick’ for defying Chinese censors
Tom Cruise on the set of “Top Gun.” Paramount Pictures | Sunset Boulevard | Corbis | Getty Images After 36 years, the sequel to the Tom Cruise movie classic “Top Gun” is a critical and commercial success, earning $248 million at the global box office on its opening weekend. In Taiwan, it’s also being celebrated for another reason: not […]
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Red Bull, Ferrari and Mercedes say ‘no way’ of staying below budget cap as they fear F1 penalties
Max Verstappen of the Netherlands driving the (1) Oracle Red Bull Racing RB18 leads Charles Leclerc of Monaco driving the (16) Ferrari F1-75 during the F1 Monaco GP on May 29, 2022 in Monte-Carlo, Monaco. Clive Mason | Formula 1 | Getty Images Formula 1’s top teams Red Bull, Ferrari and Mercedes all believe they […]
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Cramer’s lightning round: I like Lam Research over Taiwan Semiconductor
Monolithic Power Systems Inc: “It sells at 40 times earnings, and you know I’m not recommending stocks unless they have a reasonable multiple.” Disclosure: Cramer’s Charitable Trust owns shares of Chevron. VIDEO4:0604:06 Cramer’s lightning round: I like Lam Research over Taiwan Semiconductor Source
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McCormick concedes to Oz in Pennsylvania GOP Senate primary
Republican Party U.S. Senate candidate David McCormick speaks to supporters alongside his wife, Dina Powell McCormick, at an election night event in Pittsburgh, Pennsylvania, U.S. May 17, 2022. Picture taken May 17, 2022. Quinn Glabicki | Reuters Former hedge fund CEO David McCormick conceded the Republican primary in Pennsylvania for U.S. Senate to celebrity heart […]
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6 exceptional retail winners that Jim Cramer says are a buy
CNBC’s Jim Cramer on Friday highlighted six retail winners with standout quarters that investors should be lining up to purchase. “No one ever made a dime from panicking. If you dumped any of these retail winners in response to Walmart and Target, you made a very big mistake. And you know what, as the market […]
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