World
Buffett disciple Mohnish Pabrai names 3 ways to identify long-term winners in the market
Finding the right businesses to invest in can be a daunting task, but veteran investor Mohnish Pabrai tells CNBC how he identifies long-term winners in the stock market. Pabrai, managing partner of Pabrai Investment Funds, is widely known for closely following Warren Buffett’s principles on value investing and capital allocation. Value investing has come into […]
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Asia markets tumble; Japan, South Korea and Taiwan fall more than 2% as tech stocks drop
SINGAPORE — Shares in Asia tumbled on Monday, as major markets in the region saw sharp losses of more than 2% amid a tech sell-off. The Nikkei 225 in Japan dropped 2.8%, and shares of conglomerate SoftBank Group sliding more than 4%. The Topix index fell 2.2%. South Korea’s Kospi fell 2.8%, led by tech […]
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Global food prices are soaring. Rice could be next
The spider web rice fields in Flores, Indonesia. The United Nations’ Food and Agriculture Organization Food Price Index shows international rice prices creeping up for the fifth straight month to reach a 12-month high, according to the latest May data published last week. Tanutkij Wangsittidej Food prices have been on the rise in the past […]
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Want EV exposure? One analyst says he’s giving Tesla a miss — and reveals his top pick instead
Tesla may be the first name that pops to mind when it comes to electric vehicles, but analyst Richard Windsor says there are much more effective ways to get exposure to the sector. Windsor says Tesla’s share price is set for further volatility ahead — and investors have no choice but to accept Musk as […]
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The world will face ‘a severe food crisis and famine,’ Zelenskyy says
Ukraine’s President Volodymyr Zelenskyy addresses participants at Singapore’s Shangri-La Dialogue summit virtually via a video link on June 11, 2022. Roslan Rahman | Afp | Getty Images SINGAPORE — Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the […]
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‘Stop smearing’ China: Chinese defense minister accuses U.S. of creating ‘conflict and confrontation’
An F-16V jet fighter taxies on the runway in January for an emergency takeoff as part of a Taiwanese military drill in Chiayi, Taiwan, as China increased overflights by PLA fighter jets over the self-governed island in 2022. Nurphoto | Nurphoto | Getty Images SINGAPORE — China’s defense minister accused the U.S. of “smearing” Beijing […]
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China’s defense minister says country’s nuclear arsenal ‘for self defense’
China’s Defense Minister Wei Fenghe speaks at the Shangri-La Dialogue summit in Singapore on June 12, 2022. Roslan Rahman | Afp | Getty Images China has made “impressive progress” in developing new nuclear weapons, but will only use them for self-defense, and never use them first, Chinese Defense Minister Wei Fenghe told delegates at the […]
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U.S. judge dismisses Cristiano Ronaldo rape lawsuit in Vegas
A Nevada woman has lost her bid in a U.S. court to force international soccer star Cristiano Ronaldo to pay millions of dollars more than the $375,000 in hush money she received after claiming he raped her in Las Vegas in 2009. U.S. District Judge Jennifer Dorsey in Las Vegas kicked the case out of […]
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Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher
A sign reflects the price per gallon of fuel at a gas station on March 10, 2022 in Miami, Florida. Joe Raedle | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted […]
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This Covid wave might be the start of our ‘new normal,’ experts say—here’s what you need to know
Packed indoor events and fully booked flights where masks are few and far between suggest that the pandemic is a distant, unpleasant memory. In reality, Covid-19 cases have steadily increased nationwide since the end of March. Hospitalization and death rates remain low, and will likely stay that way. But beyond that, many experts say they’re […]
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