World
Nickel falls 12% to hit limit down again on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling […]
Read More
Putin’s next target may be Eastern Europe’s Moldova, analysts warn
Noul Neamt Monastery in Chitcani, Moldova, an area controlled by breakaway Transnistrian authorities. Pablo Bonfiglio | Moment | Getty Images Three weeks into the war in Ukraine, as Russia faces staunch and seemingly unexpected resistance on the ground, analysts have warned that President Vladimir Putin may be considering his next target: Moldova. A landlocked Eastern […]
Read More
Here’s what Chinese state media is saying ahead of Xi’s call with Biden
Chess pieces are seen in front of displayed China’s and U.S. flags in this illustration taken January 25, 2022. Dado Ruvic | Reuters BEIJING — While Chinese state media have tacked away from primarily pro-Russian coverage of the war in Ukraine, one of the consistent messages remains: Blame the U.S. Chinese President Xi Jinping and […]
Read More
Investor behavior in Europe is mirroring the market’s worst crises, new research shows
Traders from BGC, a global brokerage company in London’s Canary Wharf financial centre react as European stock markets open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum. Russell Boyce | Reuters LONDON — European fund flow patterns so far this year are emulating historical crisis periods […]
Read More
Indian beauty company Nykka looks to physical retail expansion to meet consumer demand for offline sales
While Nykka started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have been very much impacted by Covid-19 and what it does to physical retail. However, we do believe that if you look at the math […]
Read More
Hong Kong’s Hang Seng falls more than 2% as volatile week continues; Biden and Xi set to speak
SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade as the Bank of Japan held steady on monetary policy. Hong Kong’s Hang Seng index dropped 2.55% in morning trade as shares of Chinese tech titan Tencent slipped more than 4%. The benchmark index has had a volatile week so far, seeing big losses […]
Read More
Moderna seeks FDA authorization for 4th dose of Covid shot
Illustration of a vial of Moderna vaccine for coronavirus treatment. Marcos Del Mazo | Lightrocket | Getty Images Drugmaker Moderna asked the Food and Drug Administration on Thursday to authorize a fourth shot of its Covid-19 vaccine as a booster dose for all adults. The request is broader than rival pharmaceutical company Pfizer’s request earlier […]
Read More
Berkshire Hathaway shares topped $500,000 each—here’s why Warren Buffett says he’ll never split the stock
Class A shares of Warren Buffett’s Berkshire Hathaway closed above $500,000 a share on Wednesday, setting a new high-water mark for the stock. It was the first time the shares have ever closed above half a million dollars, and helped push the company’s market cap above $730 billion. It is now the No. 6 most […]
Read More
Dan Niles predicts a recession — and picks stocks to weather the volatility ahead
Multiple “very strong indicators” are pointing toward a recession next year, warns Satori Fund’s Dan Niles. Source
Read More
‘Scum and traitors’: Under pressure over Ukraine, Putin turns his ire on Russians
LONDON — Anyone looking for signs that embattled and isolated Russia might soften its position would not have found much hope in the increasingly belligerent words of President Vladimir Putin. With his invasion of Ukraine floundering and his economy teetering, Putin doubled down Wednesday, turning his baleful glare on Russians who are against the invasion or who sympathize with […]
Read More