United States
Shooting at Taiwanese church in California that killed 1, wounded 5 investigated as hate crime, FBI says
A church staff member raises police tape for a car to exit at the Geneva Presbyterian Church May 16, 2022 after one person was killed and five injured during a shooting May 15, 2022 at the church in Laguna Woods, California. The shooting was motivated by political tensions between China and Taiwan, authorities said Monday, […]
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Global fund manager explains why he loves these 2 retail stocks right now
Pella Funds Management’s Jordan Cvetanovski has named two retail stocks he says stand out and are likely to ride out the current market volatility. Cvetanovski, chairman, chief investment officer and portfolio manager at Pella, named U.S. discount store Dollar General and U.K.-based apparel retailer JD Sports as picks during CNBC Pro Talks . While shoppers […]
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Stock futures are flat after S&P, Nasdaq start the week in the red
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | Reuters U.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower. Futures contracts tied to […]
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Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Starbucks said Monday it will start covering eligible travel expenses for employees seeking abortions or gender-affirming procedures. The coffee chain joins Amazon, Apple, Microsoft and Salesforce in offering to reimburse workers for travel costs related to abortions following […]
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U.S., Europe race to improve food supply chains after India bans wheat exports
PARIS — The United States and the European Union are looking at how to improve food supply chains with export restrictions from India and other nations accentuating global problems, the EU’s trade chief told CNBC. G-7 foreign ministers warned over the weekend that the war in Ukraine is increasing the risk of a global hunger […]
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After the ‘hippie’ bus and the Beetle, VW has its eyes on America once again
As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.” VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last Wednesday, with prototypes due […]
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Op-ed: Ukraine and its allies must tackle 5 tests for the civilized world to shape a better future
Here are the five crucial tests Ukraine and its global partners and allies must tackle as Russian President Vladimir Putin’s criminal war approaches its most decisive phase. Some are short-term, and others have generational consequences. What unites them is that all five are necessary to transform Putin’s murderous authoritarian threat into a historic opportunity for […]
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A severe pilot shortage in the U.S. leaves airlines scrambling for solutions
Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis […]
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The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer
In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to […]
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Buy now, pay later is not a boom, it’s a bubble, Harvard researcher says
Most people love the convenience of buy now, pay later. Since the start of the coronavirus pandemic, installment payments have exploded in popularity along with a general surge in online shopping. Initially, spreading out the cost of a big-ticket purchase — like a Peloton, for example — just made financial sense, especially at 0%. Now, 4 in […]
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