Economy
Russia faces ‘economic oblivion’ despite claims of short-term resilience, economists say
Russian President Vladimir Putin attends a meeting with parliamentary leaders in Moscow, Russia July 7, 2022. Aleksey Nikolskyi | Sputnik | Reuters Russia is facing “economic oblivion” in the long term because of international sanctions and the flight of businesses, several economists have said. The International Monetary Fund last week upgraded Russia’s gross domestic product […]
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White House struggles to insulate Biden’s China policy from Pelosi’s Taiwan trip
WASHINGTON — As House Speaker Nancy Pelosi reportedly prepares to land in Taiwan on Tuesday evening for a long-rumored official visit, her trip has exposed a rare schism between the Biden White House and the most powerful Democrat in Congress. Officially, the Biden administration has been careful to avoid directly answering questions about whether it […]
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Biden administration faces midnight court deadline to defend $350 billion of Trump’s China tariffs
WASHINGTON — The Biden administration faces a legal deadline at midnight to defend former President Donald Trump’s China tariffs, even as the White House considers scaling them back to lower consumer prices and ease inflation. Scores of companies sued the Trump administration in September 2020, arguing the process of implementing a third and fourth tranche […]
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Stocks making the biggest moves midday: PerkinElmer, Boeing, Global Payments, Bumble and more
Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Check out the companies making headlines in midday trading Monday. Boeing — Shares of the […]
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Manchin touts inflation reduction bill, says ‘I’m not getting involved’ in upcoming elections
Sen. Joe Manchin in the U.S. Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, D-W.Va., and his staff told Democratic leadership on Thursday that he’s not willing to support major climate and tax provisions in a sweeping Biden agenda bill, according to a Democrat briefed on the conversations. Tom Williams | Cq-roll Call, Inc. […]
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Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiency
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular […]
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Stocks making the biggest moves midday: Roku, Amazon, First Solar, Intel, Apple & more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of the e-commerce giant jumped more than […]
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How US-made mobile-rocket artillery could change the battlefield in Ukraine
Artillery has quickly become the most important weapon in Ukraine’s war with Russia. Ukrainian forces have begun to use newer Western artillery, like the M777 Howitzer, in the battlefield. But a different kind of weapon has had a bigger impact. The American-made High Mobility Artillery Rocket System, aka HIMARS, has been a major high-tech upgrade […]
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White House goes on offense to argue that the U.S. is not in a recession
U.S. President Joe Biden delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. Elizabeth Frantz | Reuters WASHINGTON — The White House responded to Thursday’s second quarter negative GDP growth with a full slate of events and a well coordinated message: Despite what everyone is […]
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Amazon, Apple, Google and Tesla have all done it. Here’s why companies split their stock
Google is just one of dozens of companies recently making its stock more affordable. The tech giant’s parent company, Alphabet (GOOGL), split its two classes of shares (GOOG) by a 20-to1 ratio in July. Amazon (AMZN) made the same 20-for-1 move in June while Tesla (TSLA) announced around the same time that it’s going with […]
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