World
Warren Buffett is paying a relatively cheap price for his biggest takeover in six years, analyst says
Berkshire Hathaway’s acquisition of insurer Alleghany, Warren Buffett’s biggest deal in six years, is a good bargain compared to past deals in the industry. Source
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Traders bet on an aggressive Fed and predict half-point rate hikes in May, June
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images Traders are betting Federal Reserve Chairman Jerome Powell’s tough inflation talk means the central bank will step on the throttle to […]
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Supreme Court pick Ketanji Brown Jackson rejects GOP attack on her record: ‘Nothing could be further from the truth’
Judge Ketanji Brown Jackson testifies on her nomination to become an Associate Justice of the US Supreme Court during a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, DC, March 22, 2022. Saul Loeb | AFP | Getty Images Supreme Court nominee Ketanji Brown Jackson in a Senate confirmation hearing Tuesday forcefully defended […]
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Putin critic Alexei Navalny sentenced to 9 years in prison by Russian court
Russian opposition leader Alexei Navalny is seen on a screen via a video link during the verdict in his embezzlement and contempt of court trial at the IK-2 prison colony in the town of Pokrov in Vladimir Region on March 22, 2022. – A Russian court on March 22 sentenced jailed Kremlin critic Alexei Navalny […]
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European Union unlikely to impose an oil embargo on Russia, sources say
A general view of oil tanks in the Transneft-Kozmino Port near the far eastern town of Nakhodka, Russia. Yuri Maltsev | Reuters The European Union is unlikely to impose an immediate oil embargo on Russia over its unprovoked invasion of Ukraine, according to two CNBC sources with knowledge of the discussions. The U.S. decided to […]
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Fertilizer prices are at record highs. Here’s what that means for the global economy
Workers spray fertilizer in a sugar cane field in Zacatepec de Hidalgo, in Morelos state, Mexico, May 31, 2017. Picture taken May 31, 2017. Edgard Garrido | Reuters LONDON — Supply shortages fueled by the Ukraine-Russia conflict, along with a host of pre-existing factors, have driven fertilizer prices to record highs. Prices for raw materials […]
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Elon Musk to officially open German factory as Tesla looks to ease demand pressure
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off its other factories in […]
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‘I am enemy No. 1’: Protester on Russian TV speaks out from hiding
Marina Ovsyannikova is seen here (in a still grab taken from a video uploaded on March 14, 2022) giving a statement recorded before she held up an anti-war sign live on air. Marina Ovsyannikova via Reuters Marina Ovsyannikova, the Russian journalist who protested the war in Ukraine on live state TV, has told international media […]
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Russian court finds Kremlin critic Navalny guilty of fraud
Russian opposition leader Alexei Navalny is seen on a screen via a video link during the verdict in his embezzlement and contempt of court trial at the IK-2 prison colony in the town of Pokrov in Vladimir Region on March 22, 2022. – | Afp | Getty Images A Russian court found jailed Kremlin critic […]
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Russia says it fired hypersonic missiles in Ukraine. What are they and why would Moscow use them?
A MiG-31K fighter jet with a Kinzhal hypersonic missile flies over Moscow’s Red Square during the Victory Day military parade in 2018. Sefa Karacan | Anadolu Agency | Getty Images Russia’s purported use of hypersonic missiles in Ukraine in recent days is not only a sign that the military could be resorting to using more […]
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