Politics
Apple now lets you buy parts so you can fix your iPhone yourself
Apple opened its “Self Service Repair” online store on Wednesday as the right to repair movement has put pressure on U.S. regulators to give consumers more control over their products. The new program, first announced in November, will offer customers more than 200 parts and tools customers can use to repair the iPhone 12, iPhone […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% […]
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Credit Suisse says U.S. authorities will ‘absolutely not’ find any wrongdoing amid probe into Russian oligarch record shredding
“Queen K,” a luxury yacht owned by Oleg Deripaska, one of a number of Russian oligarchs who reportedly had to terminate private jet leases with Credit Suisse amid previous U.S. sanctions. Anadolu Agency | Anadolu Agency | Getty Images Credit Suisse told CNBC Wednesday that U.S. authorities will “absolutely not” find any evidence of wrongdoing […]
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Euro sinks to five-year low on energy supply, slowdown fears
The euro traded almost 0.4% against the U.S. dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential […]
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Credit Suisse reports quarterly loss, reshuffles management team as litigation costs bite
One of the biggest challenges for Credit Suisse this quarter was litigation costs. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout from the Russia-Ukraine […]
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Russia halts gas supplies to Poland; Pentagon chief calls Russia nuclear rhetoric ‘dangerous’
Russia halts gas supplies to Poland as tensions with the West rise 03 March 2022, Russia, St. Petersburg: A flag with the Gazprom logo flies at a branch of the Russian state-owned corporation in St. Petersburg. Igor Russak | Picture Alliance | Getty Images Russia has halted gas supplies to Poland on Wednesday, with supplies […]
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Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures
Bloomberg | Bloomberg | Getty Images Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. On Mar. 11, Deutsche Bank said it would wind down its Russia […]
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Myanmar court sentences Aung San Suu Kyi to 5 years in prison
Aung San Suu Kyi on November 4, 2019 at the 35th Association of Southeast Asian Nations (ASEAN) Summit. A court in military-ruled Myanmar convicted the country’s former leader Aung San Suu Kyi of corruption and sentenced her to five years in prison Wednesday. Lillian Suwanrumpha | Afp | Getty Images A court in military-ruled Myanmar […]
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South China Sea faces higher risk of conflict as arms race builds up, says weapons expert
The South China Sea region faces a heightened risk of conflict as it arms itself at an “alarming rate,” an expert from the Stockholm International Peace Research Institute told CNBC on Monday. It comes as worldwide military spending surpassed $2 trillion for the first time ever in 2021, he added. “The region is arming at […]
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Elon Musk will owe Twitter $1 billion if he can’t secure financing
In this photo illustration Elon Musk Twitter seen displayed on a smartphone screen with Twitter logo in the background in Chania, Crete Island, Greece on April 23, 2022. Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk, CEO of SpaceX and Tesla, could be required to pay Twitter a termination fee of $1 billion, under […]
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