United States
London is looking to tap the deep pockets of Silicon Valley
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Leon Neal | Getty Images Sadiq Khan, the mayor of London, traveled to California as part of a trade mission to try to convince Silicon Valley tech leaders to invest more money in the U.K. capital. On Tuesday, Khan […]
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Putin is preparing for a long war, spy chief says; U.S. House approves $40 billion in Ukraine aid
U.S. House passes $40 billion aid package to Ukraine Rescue workers walk past debris and carsunder ruins in front of the shopping and entertainment center in the Ukrainian Black Sea city of Odessa on May 10, 2022, destroyed after Russian missiles strike late on May 9, 2022. Oleksandr Gimanov | AFP | Getty Images The […]
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Senate resolution would urge Biden administration to designate Russia as state sponsor of terrorism sponsor under Putin
Russian President Vladimir Putin watches a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2022. Mikhail Metzel | Sputnik | Reuters Two senators unveiled a resolution Tuesday calling on the Biden administration to designate […]
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National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the […]
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From North Korea to testy ties with China, South Korea’s new leader has big challenges ahead
South Korea’s new president Yoon Suk-yeol isn’t going to “have much of a honeymoon period,” said Kathleen Stephens, president and CEO of the Korea Economic Institute of America and former U.S. ambassador to South Korea. “I think he said the right thing as he is inaugurated, about his desire to see Korea play a larger […]
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Russia still faces a high chance of default, despite payment
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles. Mikhail Tereshchenko | Sputnik | via Reuters Although Russia has so far averted a historic debt default since sanctions were […]
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These stocks could provide ‘downside protection’ as inflation soars, Bernstein says
As surging inflation puts significant pressure on margins, Bernstein names stocks with pricing power that could outperform. Source
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European markets close down 2.8% as travel, tech stocks lead losses; oil prices fall 5%
LONDON — European stocks on Monday fell to two-month lows as global investors fled risk assets en masse due to fears over inflation. The pan-European Stoxx 600 provisionally ended down 2.8%, hitting its lowest level since Mar. 8. Travel and tech shares led the losses, down 5.8% and 4.8% respectively, as all sectors and major […]
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Putin attempts to justify Ukraine invasion at Victory Day parade in Moscow. Follow our live updates
Putin claims the West was ‘preparing for the invasion of our land’ Russian honour guards march on Red Square during the Victory Day military parade in central Moscow on May 9, 2022. Kirill Kudryavtsev | Afp | Getty Images Russia’s President Vladimir Putin has attempted to justify his unpreceded invasion of Ukraine on “Victory Day” […]
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These buy-rated stocks have a proven history of staying stable in turbulent times
CNBC identified buy-rated stocks from the U.S. and beyond that have a track record of stability when markets are going crazy. Source
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