World
Myanmar court sentences Aung San Suu Kyi to 5 years in prison
Aung San Suu Kyi on November 4, 2019 at the 35th Association of Southeast Asian Nations (ASEAN) Summit. A court in military-ruled Myanmar convicted the country’s former leader Aung San Suu Kyi of corruption and sentenced her to five years in prison Wednesday. Lillian Suwanrumpha | Afp | Getty Images A court in military-ruled Myanmar […]
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Japan reports first case of mysterious children’s liver disease as health experts explore possible Covid links
Health experts are investigating the likely cause of a new children’s liver disease, which was first reported in the U.K. in January 2022, and whether it bears any connection to the coronavirus. Fs Productions | Tetra Images | Getty Images Japan has detected its first probable case of a mysterious liver disease that has so […]
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Bank of America names its top global tech stocks — including one it says has upside of 100%
As U.S. tech stocks continue to experience serious volatility, Bank of America looks further afield. Source
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South China Sea faces higher risk of conflict as arms race builds up, says weapons expert
The South China Sea region faces a heightened risk of conflict as it arms itself at an “alarming rate,” an expert from the Stockholm International Peace Research Institute told CNBC on Monday. It comes as worldwide military spending surpassed $2 trillion for the first time ever in 2021, he added. “The region is arming at […]
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Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabia has agreed to buy up to 100,000 of its electric vehicles over the next ten years. Saudi Arabia’s public wealth fund holds an approximately 62% stake […]
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Fund management exec, whose firm manages $1.4 trillion, reveals where clients are focused right now
Joseph Pinto from Natixis explains where investors are putting their money at this uncertain time. Source
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Asia-Pacific stocks are set for opening declines following Wall Street drop
SINGAPORE — Shares in Asia-Pacific looked set for a lower open on Wednesday after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,125 while its counterpart in Osaka was at 26,000. That […]
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3 things are pulling the market down, but only one needs to settle to find a bottom, Cramer says
CNBC’s Jim Cramer on Tuesday said that while there are three economic and geopolitical issues currently roiling the market, only one needs to resolve for the market to bottom. “There are three culprits behind our decline: The [Federal Reserve], Russia and China. Any one of them could put an end to this meltdown,” the “Mad […]
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Nasdaq futures fall following Tuesday’s sharp losses for stocks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Nasdaq 100 futures fell on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown. Dow Jones Industrial Average futures rose 31 points, or 0.1%. S&P […]
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Robinhood cutting about 9% of full-time employees
Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 4% in extended trading. The move will affect about 9% of full-time employees. Robinhood reported 3,800 full-time employees […]
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