business news
Russian oligarch Abramovich’s two superyachts worth a combined $1 billion are escaping sanctions — for now
Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkey on March 22, 2022. Anadolu Agency | Anadolu Agency | Getty Images The azure waters of southwest Turkey saw the arrival of a two multimillion-dollar superyachts this week reportedly belonging to Russian oligarch Roman Abramovich, […]
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Logitech is a huge buy at these levels and can go up nearly 49% from here, Bank of America says
Analysts consider the computer peripherals manufacturer “too inexpensive to ignore” after the stock tumbled nearly 13% year to date. Source
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Alaska Airlines to convert 2 more Boeing jets into freighters in bet on air cargo boom
Alaska Airlines employee Jeff Ferguson loads cargo at Ted Stevens Anchorage International Airport in Anchorage, Alaska. Mark Thiessen | AP Alaska Airlines is turning two of its midlife Boeing 737-800s into cargo planes, a bet that the pandemic boom in air freight will continue to generate revenue even after more passengers return to travel. The […]
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Buy Johnson Controls as sell-off is ‘unfounded,’ Deutsche Bank says
Investors should buy the dip on Johnson Controls, according to Deutsche Bank. Source
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‘A total disaster’: Crypto firms face being booted from the UK as a key deadline approaches
A novelty Bitcoin token photographed on a £10 note. Matt Cardy | Getty Images LONDON — A slew of cryptocurrency companies could be forced to wind down their business in the U.K. if they fail to register with the finance watchdog ahead of a key deadline next week. From Mar. 31, firms operating crypto services […]
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Morgan Stanley downgrades Alcoa, says good news already baked into the stock
The good news for aluminum production company Alcoa has already been priced into the stock, according to Morgan Stanley. Source
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Putin has made a ‘big mistake,’ NATO says; Ukraine appears to be retaking ground
Putin’s invasion is seen as his biggest ever mistake — and will harm Russia for years Russian President Vladimir Putin delivers a speech during a concert marking the eighth anniversary of Russia’s annexation of Crimea at Luzhniki Stadium in Moscow, Russia March 18, 2022. Sergey Guneev | Sputnik | Reuters Russian President Vladimir Putin has […]
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Putin’s invasion of Ukraine is seen as his biggest ever mistake — and it will harm Russia for years to come
Russian President Vladimir Putin attends a concert marking the eighth anniversary of Russia’s annexation of Crimea at the Luzhniki stadium in Moscow on March 18, 2022. Mikhail Klimentyev | Afp | Getty Images Russian President Vladimir Putin has been in power for more than two decades and during that time has carefully cultivated an image […]
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Omicron ‘stealth’ variant BA.2 is spreading rapidly in China
People line up for nucleic acid testing at a temporary Covid-19 testing site on March 22, 2022 in Shenzhen, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — As mainland China battles its worst Covid-19 outbreak since early 2020, local governments increasingly say the new omicron BA.2 variant is to […]
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North Korea fired ‘long-range’ ballistic missile toward the sea, say Japan and South Korea
North Korea fired what is thought to be an intercontinental ballistic missile (ICBM) toward the sea off its east coast on Thursday, militaries in South Korea and Japan said, in what would be the first full-capability launch of the nuclear-armed state’s largest missiles since 2017. South Korea’s Joint Chiefs of Staff said it had detected […]
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