United States
U.S. SEC chief Gary Gensler unveils plan to overhaul Wall Street stock trading
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters The top U.S. securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail […]
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Bank of America downgrades Target as consumers pull back discretionary spending
Shares of Target could be under stress as consumers pull back spending in discretionary categories amid historically high inflation, according to Bank of America. Bank of America on Wednesday downgraded Target to neutral from buy. The firm also slashed its price objective on the stock to $165 from $235. The new price target implies just […]
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European markets cautious as investors gear up for U.S. inflation data; Credit Suisse down 5%
LONDON — European stocks were muted on Wednesday as investors prepare for the latest reading of U.S. inflation on Friday. The pan-European Stoxx 600 hovered around the flatline in early trade, with retail stocks adding 1.8% while basic resources shed 0.7%. Credit Suisse shares fell more than 5% after the embattled lender warned that it […]
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Biden envoy to visit Marshall Islands as U.S. concerns grow about China’s Pacific push
U.S. President Joe Biden and New Zealand’s Prime Minister Jacinda Ardern aired shared concerns last week about China’s bid to expand its influence in the Pacific. Bloomberg | Bloomberg | Getty Images President Joe Biden’s special envoy for talks with three tiny, but strategically important Pacific island nations will lead a delegation to the Marshall […]
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U.S., allies fly fighter jets amid North Korea tensions
People watch a TV news program reporting on North Korea test-firing a newly developed tactical guided weapon on April 17, 2022 in Seoul, South Korea. The United States and its Asian allies flew dozens of fighter jets over waters surrounding the Korean Peninsula on Tuesday in a show of force as their diplomats discussed a […]
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Human rights advocates tell Congress bitcoin is essential in countries with ‘collapsing’ currencies
WASHINGTON — A week after prominent technologists publicly slammed crypto for being too risky and unproven in a letter to Congress, human rights advocates from around the world have sent a rebuttal to U.S. lawmakers defending digital assets for the access they provide to people in countries where “local currencies are collapsing, broken, or cut […]
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$325 million yacht seized from Russian oligarch Suleiman Kerimov sails to U.S. after Fiji court ruling
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Osman Uras| Anadolu Agency | Getty Images A $325 million superyacht that […]
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Ford tops the list of the cheapest stocks in the market right now
While the short-term market outlook looks quite precarious, investors seeking buys for the long term are likely finding tons of value possibilities after the sizable pullback in stocks so far this year. CNBC PRO ran a screen looking for the cheapest stocks relative to the rest of the market and their historical valuations. Here’s the […]
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Why nuclear energy is on the verge of a renaissance
After humankind discovered nuclear fission, the first applied use was the atomic bomb. The study of fission for electricity production came later. In December 1953, President Dwight D. Eisenhower gave his fateful Atoms for Peace speech, an impassioned plea to reconstitute the power of the atomic bombs dropped in World War II for a more […]
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Tech companies urge U.S. to let the kids of visa holders stay past the age of 21
Muthumalla Dhandapani, an Indian immigrant with an H1-B visa and a Comcast employee in Sunnyvale, protests President Trump’s immigration orders in 2017. Santiago Mejia | Hearst Newspapers | Getty Images A coalition of tech companies including Amazon, Google, Salesforce and Uber are urging the Department of Homeland Security to revise policies for children of high-skilled […]
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