Month: August 2022
Taiwanese foreign minister says China drills part of a game-plan for invasion
Taiwan Foreign Minister Joseph Wu. Sam Yeh | AFP | Getty Images Taiwan’s foreign minister said on Tuesday that China was using the military drills it launched in protest against U.S. House Speaker Nancy Pelosi’s visit as a game-plan to prepare for an invasion of theself-ruled island. Joseph Wu, speaking at a press conference in […]
Read More
Surging Bed Bath & Beyond shares downgraded by Baird on ‘latest meme stock frenzy’
Investors should steer clear of shares of Bed Bath & Beyond , especially after the stock’s “latest meme stock frenzy,” according to Baird. Analyst Justin Kleber downgraded the home retail stock to underperform, saying in a note to clients that shares look unattractive at these levels. “Shares have surged 148% since July 27, including +86% […]
Read More
Russia launches Iranian satellite into space; more ships carrying produce depart Ukraine
Russia is stripping airplanes for parts amid sanctions-induced shortage Aeroflot Russian Airlines and Rossiya Airlines jet aircrafts at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Russia has started stripping jetliners of spare parts they can no longer obtain from overseas due to Western sanctions, Reuters reported, citing several anonymous sources. The majority […]
Read More
Alibaba gets Hong Kong’s approval for a primary stock listing
A filing Monday showed Chinese internet tech giant Alibaba is another step closer to letting mainland Chinese investors trade its shares directly. Kuang Da | Jiemian News | Visual China Group | Getty Images BEIJING — Chinese e-commerce giant Alibaba is making Hong Kong a “primary” listing for its shares, paving the way for mainland […]
Read More
Google outage reported by thousands of users around the world
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images Users around the world are reporting outages on Google’s search engine, according to DownDetector.com. In the U.S., more than 40,000 people reported that Google was down for them around 9.20 p.m. ET, though the figure has since fallen. […]
Read More
Tornado Cash crackdown by Treasury puts honest crypto investors at risk of criminal exposure
A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every U.S. person is going to have to be very […]
Read More
Everything from wages to used car prices could jump higher, market researcher Jim Bianco warns
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other […]
Read More
Nearly half of Singaporeans want to travel to one place – and it’s not Malaysia
Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Singaporeans aged 16 to 24 years old indicated they are considering Japan for their “next vacation,” compared to 37% of those aged 55 […]
Read More
Jim Cramer says these 7 Covid-era winning stocks have staying power
CNBC’s Jim Cramer on Monday offered investors a list of stocks that saw huge gains during the height of the Covid pandemic and continue to perform well. “Wall Street wrote off all the Covid winners, but a handful of these companies have proven to be real staying power giants. and I think it’s absolutely worth […]
Read More
Jan. 6 committee to depose Pennsylvania GOP gubernatorial nominee Doug Mastriano
Republican gubernatorial candidate Doug Mastriano gives a victory speech at his election-night party at The Orchards on May 17, 2022 in Chambersburg, Pennsylvania. Michael M. Santiago | Getty Images Doug Mastriano, the Republican nominee for governor of Pennsylvania, plans to appear Tuesday for a deposition by the House select committee investigating the Jan. 6 Capitol […]
Read More