business news
A fertilizer shortage, worsened by war in Ukraine, is driving up global food prices and scarcity
Remy Gabalda | AFP | Getty Images A fertilizer shortage has added to growing concerns about the Ukraine war’s impact on the price and scarcity of certain basic foods. Combined, Russia and Belarus had provided about 40% of the world’s exports of potash, according to Morgan Stanley. Russia’s exports were hit by sanctions. Further, in […]
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Samsung Electronics sees Q1 profit topping market expectations on solid chip demand
The exterior of a Samsung store photographed on March 22, 2022 in Munich, Germany. Samsung Electronics reported on Thursday an estimated 50% jump in quarterly operating earnings to post its highest first-quarter profit since 2018. Jeremy Moeller | Getty Images Entertainment | Getty Images Samsung Electronics reported on Thursday an estimated 50% jump in quarterly […]
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Japan stocks drop nearly 2% following declines on Wall Street
Asia-Pacific markets fell on Thursday following two days of declines on Wall Street. Source
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Attorney General Merrick Garland tests positive for Covid hours after event with FBI director, other top officials
U.S. Attorney General Merrick Garland announces enforcement actions against Russia, during a news conference at the Justice Department in Washington, U.S., April 6, 2022. Elizabeth Frantz | Reuters Attorney General Merrick Garland tested positive for Covid on Wednesday, just hours after speaking in person at a news conference alongside FBI Director Christopher Wray and other […]
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Biden extends payment pause on federal student loans until September
President Joe Biden announced Wednesday another extension of the payment pause on federal student loans, this time until September. This is the sixth prolongment of the break, which has spanned more than 24 months and two presidencies. Borrowers have saved nearly $200 billion during that period, the Federal Reserve has found. The policy freezing the […]
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These global stocks were first-quarter winners and Wall Street sees more upside ahead
These buy-rated stocks from the U.S. and beyond had a strong start to the year and are expected to continue to rise. Source
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GM expects record year of Chevy Bolt EV sales following fire recall
2022 BOLT EUV Source: Chevrolet DETROIT – General Motors expects sales of its electric Chevrolet Bolt models can rebound from a high-profile recall after several vehicles caught fire to achieve record results in 2022. “We see record numbers of sales and production for ’22, and we see ’23 being bigger than ’22. We are bullish […]
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Cramer’s lightning round: I’m on board with Douglas Elliman
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Army Corps of Engineers withdraws SpaceX application to expand Starship facilities in Texas
Starship prototype 20 stacked on top of Super Heavy booster 4 at the company’s facility in Boca Chica, Texas. SpaceX The US Army Corps of Engineers has withdrawn SpaceX’s application to expand launch facilities in Boca Chica, Texas, after the company failed to provide environmental information the agency requested, according to documents obtained by CNBC. […]
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A VPN company just became Lithuania’s second tech unicorn
Network cables are plugged in a server room. Michael Bocchieri | Getty Images Cyber firm Nord Security announced Thursday that it has raised $100 million from investors at a $1.6 billion valuation, making it Lithuania’s second tech unicorn. The company is best known for its VPN product, NordVPN, which costs around $140 a year or […]
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