World
Mohamed El-Erian: ‘Full-scale stagflation worries’ on China Covid concerns slammed global stocks
Investors are now worrying about Chinese growth, in addition to U.S. inflation and Federal Reserve policy mistakes, El-Erian told CNBC. Source
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GM says it will produce electric Chevrolet Corvettes
2020 Chevrolet Corvette GM DETROIT – General Motors will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, GM President Mark Reuss said Monday. Reuss said the automaker will continue to produce traditional models with internal combustion engines alongside the electrified models. He declined to disclose when […]
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What is the metaverse and why are billions of dollars being spent on it?
The metaverse is all anyone in tech seems to be talking about right now, but what actually is it? Tech companies like Meta are investing billions of dollars into the so-called metaverse. It can loosely be defined as a virtual world where people live, work and play. While there are some early versions of […]
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Twitter shares jump 5% on reports it could accept Elon Musk’s bid as early as Monday
Brendan Smialowski | Afp | Getty Images Twitter shares jumped more than 5% in the premarket on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media company […]
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Central banks need to put rates into the ‘pain zone’ — but the Fed won’t do it, fund manager says
LONDON — Overcoming doggedly high inflation requires interest rates to be pushed into the “pain zone.” But whether any central bank has the nerve to do it is the question, according to investment manager Man Group. “To actually fight inflation will require a central bank to show that they’re willing to put rates into the […]
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Macron has won France’s presidential election. But the far-right is upping its game
Addressing her supporters in Paris Sunday night, Le Pen conceded defeat but said: “We have nevertheless been victorious.” Thierry Chesnot | Getty Images News | Getty Images French President Emmanuel Macron may have just won a second term in office, but political analysts believe the continued rise of the far-right will cause him significant headaches […]
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Philips first-quarter core profit plunges as supply chain problems persist
Dutch health technology company Philips on Monday said first-quarter core profit dropped about a third from a year earlier to 243 million euros ($262 million), hit by an ongoing global shortage of parts and a massive recall of ventilators. Comparable sales fell 4% to 3.9 billion euros, as the Amsterdam-based supplier of medical systems and […]
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Swanky vacation rentals across the Middle East look to capitalize on ‘revenge tourism’ trend
Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different […]
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The 10-year Treasury yield is getting closer to 3%. Here’s what that means for your money
d3sign | Moment | Getty Images As the yield on the 10-year U.S. Treasury pushes ever closer to 3% — a symbolic level not seen since late 2018 — financial analysts have described how it could affect people’s finances in a number of ways. Last week, the 10-year rate hit 2.94%, its highest point in […]
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Blinken, Austin meet with Zelenskyy in Kyiv, a wartime first for top U.S. officials
U.S. Secretary of State Antony Blinken (L) and U.S. Defense Secretary Lloyd Austin in Washington, DC, on April 11, 2022. NBC News reports Blinken and Austin slipped into Ukraine on Sunday for an extraordinary wartime meeting with President Volodymyr Zelenskyy, bringing new promises of military and diplomatic support. Michael Mccoy | Afp | Getty Images […]
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