World
How companies are shifting their office spend to lure reluctant workers back
As companies and workers continue to try to figure out where and how work will take place in a hybrid environment, the costs being spent on existing office spaces previously built around the 9-to-5, five-day workweek are being closely examined. Flexibility has become the buzzword for both sides of the employee-employer power dynamic. Workers have […]
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UK says Russia’s gains in eastern Ukraine have been ‘slow and costly’; Putin blames West for food, energy crisis
UK says Russia’s offensive in northern Ukraine ‘ended in a costly failure’ The U.K. Ministry of Defence said Russia’s offensive in northern Ukraine “ended in a costly failure.” The ministry said Russian forces were spread “too thinly without enough support from artillery and combat aircraft.” It said those efforts were based on “wildly optimistic assessments […]
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Hong Kong steps up security on Tiananmen anniversary, Taiwan decries suppression
Police officers seal off Victoria Park ahead of the 33rd anniversary of the Tiananmen Massacre on June 3, 2022 in Hong Kong. Louise Delmotte | Getty Images Hong Kong deployed heavy security near a major park on Saturday as it warned people not to gather to commemorate China’s bloody crackdown on pro-democracy demonstrators in Tiananmen […]
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White House postpones Biden trips to Saudi Arabia and Israel
US President Joe Biden speaks about the May 2022 Jobs Report from the Rehoboth Beach Convention Center on June 3, 2022, in Rehoboth Beach, Delaware. Mandel Ngan | AFP | Getty Images President Joe Biden’s planned visits to Saudi Arabia and Israel later this month have been postponed until July, several officials told NBC News on Friday. […]
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Red Bull, Ferrari and Mercedes say ‘no way’ of staying below budget cap as they fear F1 penalties
Max Verstappen of the Netherlands driving the (1) Oracle Red Bull Racing RB18 leads Charles Leclerc of Monaco driving the (16) Ferrari F1-75 during the F1 Monaco GP on May 29, 2022 in Monte-Carlo, Monaco. Clive Mason | Formula 1 | Getty Images Formula 1’s top teams Red Bull, Ferrari and Mercedes all believe they […]
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Investors set their sights on upcoming inflation report as the bear market rally falters
The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indexes closed out the four-day period with losses. That was disappointing to investors […]
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What Friday’s downgrade of Micron means for our chipmaker stocks
Here’s how the CNBC Investing Club is thinking about its semiconductor holdings after another industry player, Micron, was downgraded to a sell. Source
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Queen Elizabeth thanked for being ‘still in the saddle’ after 70 years
A general view of the National Service of Thanksgiving at St Paul’s Cathedral, during Britain’s Queen Elizabeth’s Platinum Jubilee celebrations, in London, Britain, June 3, 2022. Dan Kitwood | Pool | Reuters Horse-loving Queen Elizabeth was thanked for being “in the saddle” for 70 years as head of state at a service on Friday to […]
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Food price inflation rocks the Middle East’s economies, pushing up risk of social unrest
Local government officials and a Ukrainian soldier inspect a grain warehouse earlier shelled by Russian forces on May 06, 2022 near the frontlines of Kherson Oblast in Novovorontsovka, Ukraine. John Moore | Getty Images Rising prices of food and energy are reverberating through Middle Eastern and North African economies, a new S&P Global Ratings report […]
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Two notable Wall Street strategists say this is just a bear market bounce
Two widely followed strategists on Wall Street — Bank of America’s Michael Hartnett and Morgan Stanley’s Mike Wilson — see more trouble ahead in the stock market and are urging investors to not breathe a sigh of relief just because of the latest rally. “Is there a bull case? We find it difficult to construct […]
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