business news
European Union unlikely to impose an oil embargo on Russia, sources say
A general view of oil tanks in the Transneft-Kozmino Port near the far eastern town of Nakhodka, Russia. Yuri Maltsev | Reuters The European Union is unlikely to impose an immediate oil embargo on Russia over its unprovoked invasion of Ukraine, according to two CNBC sources with knowledge of the discussions. The U.S. decided to […]
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Nike trimmed sales declines in this key region, and analysts see it as a bullish sign
Wall Street analysts paid close attention to Nike’s geographic sales breakdown in the company’s third-quarter report. Source
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Authentication firm Okta says it has found no evidence of new attack after hackers claim breach
In this photo illustration an Okta logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Identity management firm Okta has said it found no evidence of ongoing malicious activity after a group called Lapsus$ posted pictures claiming to have hacked the company. Lapsus$ posted screenshots on its Telegram […]
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Fertilizer prices are at record highs. Here’s what that means for the global economy
Workers spray fertilizer in a sugar cane field in Zacatepec de Hidalgo, in Morelos state, Mexico, May 31, 2017. Picture taken May 31, 2017. Edgard Garrido | Reuters LONDON — Supply shortages fueled by the Ukraine-Russia conflict, along with a host of pre-existing factors, have driven fertilizer prices to record highs. Prices for raw materials […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks higher after breaking multiday win streaks Traders on the floor of the NYSE, March 18, 2022. Source: NYSE 2. Ukraine retakes Kyiv suburb; Biden says Putin ‘against the wall’ Service members of the Ukrainian […]
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UK watchdog puts 50 crypto companies on notice over ‘misleading’ ads
A bitcoin ATM inside a shop in Finsbury Park, London, on Feb. 4, 2022. Luke MacGregor | Bloomberg | Getty Images LONDON — Over 50 cryptocurrency companies have been sent enforcement notices by the U.K.’s advertising watchdog as part of a regulatory crackdown on promotions in the industry. The Advertising Standards Authority said Tuesday it […]
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Stocks making the biggest moves in the premarket: Nike, Okta, Alibaba and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly profit of 87 cents per share, 16 cents a share above estimates. Revenue beat estimates as well, helped by an increase in digital sales and its ability to successfully navigate supply chain issues. Nike jumped 6.3% in […]
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Pfizer to supply 4 million Covid antiviral treatments to poorer nations through UNICEF
Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Pfizer will supply up to 4 million courses of its oral Covid-19 treatment to dozens of poorer nations under an agreement with the United […]
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Elon Musk to officially open German factory as Tesla looks to ease demand pressure
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off its other factories in […]
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‘I am enemy No. 1’: Protester on Russian TV speaks out from hiding
Marina Ovsyannikova is seen here (in a still grab taken from a video uploaded on March 14, 2022) giving a statement recorded before she held up an anti-war sign live on air. Marina Ovsyannikova via Reuters Marina Ovsyannikova, the Russian journalist who protested the war in Ukraine on live state TV, has told international media […]
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