World
South Africa seeing another Covid surge, this time from new omicron subvariant
A health worker administers a Covid-19 vaccine to a student during a rural vaccination drive in Mpumalanga, South Africa. A new omicron subvariant in the country that scientists call BA.4 started pushing up cases in April, Salim Abdool Karim, who previously advised the government on its Covid-19 response, told the Associated Press. Bloomberg | Getty […]
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China factory activity contracts in April at steeper pace as lockdowns bite
Employees working on the production line of carbon fiber badminton rackets at a factory in Sihong County, Suqian City, Jiangsu Province of China. China reported Saturday that factory activity in April contracted at a steeper pace as Covid-19 lockdowns halted industrial production and disrupted supply chains. Visual China Group | Getty Images China’s factory activity […]
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Best trades on CNBC Friday: Cathie Wood doubles down on Teladoc, pros debate Apple and Amazon earnings
A recap of Friday’s best stock picks on CNBC. Source
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Amazon and Google just closed out their worst months on Wall Street since 2008
Getty Images; Chris Ratcliff | Bloomberg | Getty Images Shares of Amazon and Google parent Alphabet just closed out their steepest monthly drops since the 2008 financial crisis. The internet giants both reported weaker-than-expected quarterly results this week, hurt by a combination of macroeconomic factors, the war in Ukraine and tough comparisons to blowout numbers […]
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Wharton’s Jeremy Siegel says the struggling stock market now looks attractive for long-term investors
“If you’re a long-term investor, I think these are values you become interested in the market at,” the University of Pennsylvania finance professor told CNBC. Source
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Chevron’s mixed quarter doesn’t tell the full story of why we own the stock
Shares were under pressure on Friday’s release, but we believe further weakness in Chevron would be a buying opportunity. Source
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Cathie Wood compares Teladoc to Amazon, says market has it wrong after 40% plunge
Ark Invest’s Cathie Wood continues to bet on Teladoc even as its stock plummets. Source
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The dollar is surging, but these ETFs can stop it from taking a bite out of your portfolio
The dollar has risen sharply in April, but these international stock funds have a way to offset that. Source
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Seasonal trends could be a drag on a stock market that needs a rebound
Traders work on the floor of the New York Stock Exchange (NYSE) on April 25, 2022 in New York City. Spencer Platt | Getty Images Investors will be looking for a reprieve after the worst month for stocks in more than two years, but the calendar might not be too friendly from here. Rising interest […]
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Tennis great Boris Becker gets 2.5 years in prison for bankruptcy offenses
Former tennis star Boris Becker arrives at the Southwark Crown Court for sentencing after being found guilty of four charges under the Insolvency Act in relation to his bankruptcy, including failing to disclose, concealing and removing significant assets in London, United Kingdom on April 29, 2022. Wiktor Szymanowicz | Anadolu Agency | Getty Images Tennis […]
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