business news
Putin might be seen as a ‘mad dictator’ — but he has built powerful barriers to prevent a coup
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 If his reputation wasn’t bad enough before Russia’s unprovoked invasion of Ukraine, President Vladimir Putin is now even more widely seen […]
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‘A ghost is driving the car’ — my peaceful and productive experience in a Waymo self-driving van
PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motorists and pedestrians who passed by had a similar reaction. They pointed, stared and even gasped when they noticed there was no one in […]
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JPMorgan downgrades Procter & Gamble as inflation pressures grow
Rising commodities prices and less favorable foreign exchange rates will add pressure to the stock, analysts say. Source
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Arm plans to transfer shares of China unit to SoftBank ahead of IPO: Reports
SAM YEH | AFP | Getty Images Arm is set to transfer shares in its renegade China joint venture to a special purpose vehicle owned by parent company SoftBank, according to reports from The Financial Times and Bloomberg on Tuesday which cited people familiar with the matter. Arm currently holds a 47.3% equity stake in […]
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PayPal is a buy after falling 35% this year, Goldman Sachs says
Analysts expect the payments company will return to earnings per share growth in excess of 20% following this year. Source
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Russia’s pledge to scale back in Ukraine met with skepticism; EU to put pressure on China
Sanctions on Russia to continue until we see de-escalation, Italy’s Di Maio says Italian Foreign Minister Luigi Di Maio told CNBC’s “Squawk Box Europe” that sanctions on Russia will continue until Italy sees military de-escalation in Ukraine. Japan skeptical over Russian pledge to cut military operations Japan has expressed skepticism over Russia’s pledge to reduce […]
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Energy production vs. climate protection: Americans are split along party lines
A driver holds a fuel nozzle at a gas station in Sacramento, California, U.S., on Thursday, March 24, 2022. Bloomberg | Bloomberg | Getty Images Russia’s assault on Ukraine has lifted gas prices near record levels, reflecting Western sanctions on the world’s third-largest oil producer. Meanwhile, an ice shelf just disintegrated in Antarctica, and the […]
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European markets pull back amid doubts over latest Russian pledges over Ukraine
LONDON — European stocks retreated on Wednesday following the latest round of talks between Russia and Ukraine, aimed at finding a solution to the conflict. The pan-European Stoxx 600 fell 0.5% in early trade, with autos shedding 1.6% to lead losses, while oil and gas stocks gained 2.1%. In terms of individual share price movement, […]
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Anthony Scaramucci says he’s ‘not quite convinced’ on the recession signal the bond market flashed
Traders work on the floor of the New York Stock Exchange on March 28, 2022, in New York City. Following a positive week for stocks, the Dow Industrial Average was down over 100 points in morning trading. Spencer Platt | Getty Images A key signal of recession flashed in the bond market this week, but […]
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EU to pressure China at virtual summit over its stance on Russia-Ukraine war, sources say
President of the European Commission Ursula von der Leyen delivers a statement in Brussels. Kenzo Tribouillard | AFP | Getty Images The European Union wants to put pressure on China to be neutral with its stance over Russia’s recent invasion of Ukraine, sources with knowledge of the matter told CNBC ahead of a virtual meeting […]
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