World
From North Korea to testy ties with China, South Korea’s new leader has big challenges ahead
South Korea’s new president Yoon Suk-yeol isn’t going to “have much of a honeymoon period,” said Kathleen Stephens, president and CEO of the Korea Economic Institute of America and former U.S. ambassador to South Korea. “I think he said the right thing as he is inaugurated, about his desire to see Korea play a larger […]
Read More
Ukraine’s economy hit as war drags on; Biden presses Congress to pass more military aid
Russia’s economy to shrink 10% this year, Ukraine’s to contract 30%: Report Damaged buildings are seen as Russian attacks continue in Mariupol, Ukraine on May 4, 2022. Leon Klein | Anadolu Agency | Getty Images The war in Ukraine is hitting both Russia and Kyiv’s economy hard, with both expected to see sharp plunges in […]
Read More
CNBC PRO Talks: Where one fund manager is putting his money during the market madness
Join the upcoming CNBC Pro talks to hear Will Koulouris quiz Pella Funds Management’s Jordan Cvetanovski on how to invest during the market turmoil. Source
Read More
Russia still faces a high chance of default, despite payment
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles. Mikhail Tereshchenko | Sputnik | via Reuters Although Russia has so far averted a historic debt default since sanctions were […]
Read More
Philippine central bank chief says he’s ‘not concerned’ about recent peso weakness
There are multiple reasons why the Philippines’ central bank chief, Benjamin Diokno, is “not concerned” about recent weakness in the peso against the dollar. As of Tuesday morning during Asia trading hours, the peso has weakened more than 2.5% against the greenback so far this year. It last traded at 52.38 per dollar, after Reuters […]
Read More
Asia-Pacific stocks set for opening declines following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Tuesday following big losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,060 while its counterpart in Osaka was at […]
Read More
These stocks could provide ‘downside protection’ as inflation soars, Bernstein says
As surging inflation puts significant pressure on margins, Bernstein names stocks with pricing power that could outperform. Source
Read More
HSBC thinks these global energy stocks could be winners — and gives one upside of over 100%
HSBC says a “generational shift” in energy policy could be on the horizon— and names the stocks it thinks could benefit. Source
Read More
The S&P 500 is dropping again, but chart analysts don’t see signs of a bottom yet
Technical indicators show that the market could have significant downside left. Source
Read More
Biden calls on Congress to ‘immediately’ pass major Ukraine aid package before new Covid funding
U.S. President Joe Biden delivers remarks during a Rose Garden event at the White House in Washington, May 9, 2022. Kevin Lamarque | Reuters President Joe Biden urged Congress on Monday to quickly approve a multibillion-dollar aid package for Ukraine before trying to pass a new round of Covid-19 funding, warning that U.S. aid for […]
Read More