Month: August 2024
Biden gets few mentions from Democrats eager to turn the page at DNC day 2
Former U.S. President Barack Obama speaks on stage during the second day of the Democratic National Convention at the United Center on August 20, 2024 in Chicago, Illinois. Justin Sullivan | Getty Images After an opening night that was dedicated to thanking President Joe Biden, Tuesday’s Democratic National Convention speakers barely mentioned the president at […]
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Pakistani pilgrim bus overturns, killing 28, injuring 23 in Iran
A bus carrying Pakistani pilgrims overturnedon Tuesday in the central Iranian province of Yazd and was caused by a technical defect in the bus braking system, according to preliminary investigations made by the Iranian traffic police. Tuul & Bruno Morandi | The Image Bank | Getty Images A bus carrying Pakistani pilgrims overturned in central […]
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Recent volatility spike was a ‘huge overreaction,’ but expect more ahead, UBS strategist says
August has been a choppy month for markets, with uncertainty over the health of the global economy sparking a jump in volatility. At the start of the month, a weaker-than-expected jobs report in the U.S. raised concerns about a potential recession and caused U.S. stocks to slide. Meanwhile, a more hawkish tone from the Bank […]
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Michelle Obama: Trump used ‘misogynistic, racist lies’ to ‘try to make people fear us’
Former First Lady Michelle Obama directly challenged former President Donald Trump over his decade-long effort to vilify the Obamas in her speech at the Democratic National Convention in Chicago on Tuesday. “Donald Trump did everything in his power to try to make people fear us,” Obama said. “Doubling down on ugly, misogynistic, racist lies as […]
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The world’s largest steel industry is going through a ‘winter’ amid a supply glut and weak demand
Workers process seamless steel pipes at a production line in Huai ‘an, Jiangsu province, China, Oct 20, 2022. CFOTO | Future Publishing | Getty Images China’s steel industry has been struggling as the country’s property sector remains in the doldrums and is unable to absorb excess capacity, industry watchers told CNBC. “Chinese demand has been […]
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EV company Nio aims to build battery chargers and swap stations in every Chinese county
A Nio electric car uses one of the company’s battery swap stations on Nov. 13, 2023, in Taicang, Jiangsu province of China. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car company Nio said Tuesday it plans to install battery charging stations in every one of China’s 2,844 counties by the […]
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China’s antimony export controls rattle the tungsten industry
Key Points China’s latest export controls have caused some in the critical minerals industry to worry that Beijing will leverage its global supply chain dominance in unprecedented ways. “Three months ago, there’s [no] way anyone would have thought they would have done this. It’s quite confrontational in that regard,” said Lewis Black, CEO of Canada-based […]
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Target will report earnings before the bell. Here’s what to expect
A Target store stands in Manhattan, New York City, on March 5, 2024. Spencer Platt | Getty Images Target will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits. Here is what Wall Street expects for the Minneapolis-based retailer, according to a […]
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Bernie Sanders outlines policy agenda more liberal than Harris’ plan. That could help her
Sen. Bernie Sanders, I-Vt., spent his primetime appearance at Tuesday night’s Democratic National Convention laying out his own policy priorities — even ones that he knows diverge from Vice President Kamala Harris’ campaign platform. “We need to join the rest of the industrialized world and guarantee health care to all people as a human right, […]
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‘No empathy, no morals:’ Three-time MAGA voter, former Trump aide, Arizona mayor on why they back Harris
Former Trump White House Press Secretary Stephanie Grisham speaks during Day 2 of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 20, 2024. Mike Segar | Reuters Three Republicans took the Democratic National Convention stage on its second night to explain why they broke away from the party of Donald Trump, and urged […]
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