Month: July 2022
Sydney residents assess flood damage as wild weather eases
Residents next to the overflowing Hawkesbury River in the northwestern Sydney suburb of Windsor on July 6, 2022. Heavy rain that pummeled Sydney over the last five days eased on Thursday as flood-weary residents looked to return to homes to take stock of the damage, some for the third time this year. Muhammad Farooq | […]
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Beijing city tightens Covid vaccine requirements as cases grow nationwide
Chinese cities like Beijing, pictured here on July 6, 2022, require negative virus tests from within the last 72 hours in order to enter most public spaces. Kevin Frayer | Getty Images News | Getty Images BEIJING — China’s capital city is set to require Covid vaccinations for entering gyms and some other venues, the […]
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How a former Lehman Brothers banker turned the tables and built a pandemic-proof business
Declan Ee always knew he wanted to run his own business. But when he graduated from University College London in 2006, he saw his peers applying for jobs at investment banks and decided to give it a try. His first gig? Lehman Brothers. “I liked seeing how businesses worked on a global scale. So that […]
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Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction
Japan’s national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan’s central bank is nearing an inflection point. It comes as policymakers around the world scramble to tighten monetary policy in an effort to rein in record-high inflation. The Swiss National Bank was […]
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Soaring rents and electricity prices are squeezing Singapore retailers’ margins
Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retailers which have not completely passed on price increases to consumers, and are currently feeling the “margin squeeze,” Ernie Koh, the association’s president told CNBC’s […]
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Citi names its ‘highest conviction ideas’ for the second half of 2022 — and gives one upside of 85%
Citi has named a raft of stocks it thinks could do well in the second half of 2022, as investors continue to navigate market uncertainty and hot inflation. Stock markets suffered steep losses in the first six months of this year as an unrelenting sell-off brought major indexes to their knees. The S & P […]
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American Airlines pilots get triple pay for trips dropped in scheduling glitch
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines pilots and its pilots’ union agreed to triple pay for aviators who were able to drop thousands of July flights because of a scheduling program glitch over […]
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There’s more pain coming for investors who own buy now, pay later plays, Jim Cramer says
CNBC’s Jim Cramer on Wednesday warned investors that if they own any buy now, pay later stocks, they should brace themselves for more damage to their portfolios. “These stocks never should’ve been worth so much in the first place. Their business models were much more attractive when interest rates were incredibly low, but it remains […]
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Cramer’s lightning round: I like Toll Brothers over Skyline Champion
Boeing Co: “I’m not going to recommend stocks that lose money with really bad balance sheets. And that’s what they do.” United States Steel Corp: “There is too much negativity on steel right now. The one you would buy is Nucor, and it has to come down a little bit more.” Synopsys Inc: “I’ve always […]
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Charts suggest the market could find a bottom after a little more weakness, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that the market could find a bottom later this year now that stocks have come down and Wall Street’s optimism has waned. “The charts, as interpreted by Tom DeMark, suggest that with just a little more weakness, this market’s finally got a legitimate chance to bottom for the first […]
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