Month: July 2022
Biden to sign executive order aiming to deter taking of U.S. hostages, wrongful detentions
US WNBA basketball superstar Brittney Griner arrives to a hearing at the Khimki Court, outside Moscow on July 7, 2022. Kirill Kudryavtsev | AFP | Getty Images WASHINGTON – President Joe Biden will sign an executive order that will expand the administration’s available tools to deter hostage-taking and the wrongful detention of U.S. nationals. The […]
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Oppenheimer ups Dollar General price target, says retailer is a defensive play in weakening economy
Inflation is on the rise, aggressive rate hikes are underway and fears of a recession have skyrocketed in recent months. Amid the volatility, Dollar General remains a “top pick” to weather the economic uncertainty, according to Oppenheimer. “We believe a strengthening fundamental backdrop coupled with defensive attributes of the DG model position shares for more […]
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Stocks making the biggest moves in the premarket: IBM, NCR, Cinemark and more
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM slid 5.9% in premarket action despite beating top and bottom line estimates for the second quarter. IBM warned of a $3.5 billion impact to earnings because of the strong U.S. dollar. NCR (NCR) – NCR surged 11.5% in the […]
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UK shatters record for its hottest day ever with temperatures hitting 104.4 Fahrenheit
U.K. rail services were heavily impacted Monday, with buckled rails reported and overhead wire systems failing in some places. Picture Alliance | Picture Alliance | Getty Images LONDON — Britain recorded its hottest-ever day Tuesday, with temperatures hitting a high of 40.2 degrees Celsius (104.4 degrees Fahrenheit) in south England, according to provisional data from […]
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Citi cuts Microsoft price target, citing foreign exchange headwinds
Microsoft faces slowing PC demand and foreign exchange headwinds that could hit profits in the near-term, Citi said Tuesday. “We lower our Q4 estimates on mostly FX, and weaker PC’s, while our FY23 embeds more macro conservatism and slower growth across key commercial businesses,” wrote analyst Tyler Radke in a note to clients as he […]
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Former employees say issues plagued the crypto company Celsius years ahead of bankruptcy
Problems at Celsius appear to have been simmering for years before the crypto lender filed for bankruptcy. The crypto company saw a range of internal missteps leading up to its recent turmoil, according to former employees and internal documents CNBC reviewed. Multiple employees painted a picture of risk-taking, disorganization and alleged market manipulation. “The biggest issue […]
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5 things to know before the stock market opens Tuesday
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures rise Equities markets pointed to a comeback Tuesday morning. Stocks had ended Monday in the red, weighed down by Apple, after Bloomberg reported the tech […]
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Nuclear power plant lowers output to protect fish as Europe grapples with heatwave
Switzerland’s Beznau nuclear power plant photographed in July 2019. The facility uses the river Aare for cooling. Fabrice Coffrini | AFP | Getty Images A nuclear power plant in Switzerland is lowering its output in order to prevent the river that cools it from hitting temperature levels dangerous to marine life, in the latest example […]
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Exchange operator Cboe is a buy as recession chances rise, Morgan Stanley says
As the risk of a recession continues to rise, Morgan Stanley believes it’s time to buy exchange operator Cboe Global Markets . Analyst Michael Cyprys double upgraded the stock from an underweight rating to overweight, saying in a note to clients Tuesday that at this time, the bank favors defensive exchanges and brokers that benefit […]
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U.S.-supplied rockets helping Ukraine retain defensive lines, official says; Putin meets Erdogan to talk grain exports
Russia over-committed in Donbas and likely to make slow progress, UK says Russia continues to commit what are nominally six separate armies to its Donbas offensive, according to the latest intelligence update from the British Ministry of Defence, that noted Tuesday that at full strength, before the invasion, these formations were established for around 150,000 […]
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