Month: June 2022
5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, […]
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Inflation is making Fourth of July celebrations more expensive than ever
Fotografia Inc. | E+ | Getty Images Nothing says Independence Day like a good, old-fashioned barbecue. In keeping with tradition, most Americans — roughly 60% — plan to grill this weekend, and 53% will get together with friends and family, according to a recent report by market research firm Numerator. “Consumers want to celebrate this summer […]
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IMF-Sri Lanka bailout talks end without a deal
Sri Lanka is facing its worst financial crisis since independence in 1948, which has left it struggling to pay for essential imports and forced it to default on some foreign debt. Serhej Calka | Istock | Getty Images The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a […]
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Israel votes to dissolve parliament, collapsing government and triggering fifth election in three years
Israeli Prime Minister Benjamin Netanyahu is seen during the the 2016 Genesis Prize award-ceremony in Jerusalem, June 23, 2016. Amir Cohen | Reuters DUBAI, United Arab Emirates — In what now feels like a familiar story, Israel’s government has collapsed after the Parliament, or Knesset, voted on Thursday to dissolved itself. This paves the way for […]
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Buy the Warner Bros. Discovery dip as shares can nearly double from here, Benchmark says
Shares of Warner Bros. Discovery could nearly double from here, as the top media company finds its way in the second half of the year, according to Benchmark. Analyst Matthew Harrigan initiated coverage on Warner Bros. Discovery with a buy rating, saying in a Wednesday note that the company is “admirably positioned” to overcome business […]
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North Korea is likely culprit behind $100 million crypto heist, researchers say
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, a […]
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China’s Xi arrives in Hong Kong in his first trip off the mainland since the onset of the pandemic
China’s President Xi Jinping, pictured on the left, looks at Hong Kong’s outgoing Chief Executive Carrie Lam as he prepares to speak following his arrival in Hong Kong on June 30, 2022, for celebrations marking the 25th anniversary of Hong Kong’s handover from Britain to China. Selim Chtayti | Afp | Getty Images BEIJING — […]
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Singapore’s unemployment has dropped close to pre-Covid levels, minister says
Singapore’s labor shortage problems are easing as unemployment continues to fall close to pre-pandemic levels, said Minister of Manpower Tan See Leng. “For local unemployment, we are actually in a fairly good state. The unemployment has dropped. I think we’re close to pre-Covid levels,” he told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing […]
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‘Everything was going fine between us’ Putin says of NATO expansion; war grinds on in Ukraine with one city under ‘constant shelling’
City of Lysychansk under ‘constant shelling’ as battle rages to control wider region Ukrainian soldiers in the eastern Luhansk region on June 23, 2022. On Wednesday, Serhiy Haidai, the governor of the Luhansk region where the fighting is most severe, said that the city of Lysychansk is under “constant shelling.” Anatolii Stepanov | Afp | […]
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In China, more and more people want to save as job worries grow
Education remained the most popular category for Chinese consumer’s planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China News Service | Getty Images BEIJING — Chinese consumers’ inclination to save is at its highest in two decades, the People’s Bank of China found […]
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