United States
This is Ukraine’s ‘finest hour,’ UK says, as it boost military supplies; Russia seen trying to annex eastern regions
Russia’s military now ‘significantly weaker’ because of its invasion of Ukraine A member of the Ukrainian Territorial Defense Forces stands on a damaged Russian tank on the outskirts of Nova Basan village in Ukraine on April 01, 2022. Russia’s invasion on Feb. 24 coincided with what’s known locally as the “muddy road season,” or “Rasputitsa” […]
Read More
Op-ed: It’s time for the World Bank to get back to the business of doing business
The World Bank’s “Ease of Doing Business” report tracked and encouraged improvements in the business climate around the world. Then it got canceled. Bloomberg | Bloomberg | Getty Images The following commentary is co-authored by Curtis S. Chin, former U.S. ambassador to the Asian Development Bank and inaugural Asia Fellow of the Milken Institute, and […]
Read More
Survey of 30 market strategists reveals when they think the next U.S. recession will begin
CNBC International asked 30 high-profile market strategists when they see a recession for the world’s biggest, most capitalized economy. Source
Read More
10-year Treasury yield tops 3% for first time since 2018
U.S. Treasury yields continued their push higher on Monday, with the 10-year Treasury yield capturing a new milestone in its rapid climb in 2022. The yield on the benchmark 10-year Treasury note rose about 11 basis points to 2.994%, and hit a high of 3.01% during the session. The yield on the 30-year Treasury bond […]
Read More
Texas Teachers’ CIO Auby is underweight stocks, says investors should hold cash despite inflation
Auby believes the Federal Reserve’s mandates are “flashing late cycle” even as other signs suggest the underlying economy is doing well. Source
Read More
Citi behind trade that caused brief European share plunge
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images The sudden fall in […]
Read More
Biden kicks off $3 billion plan to boost battery production for electric vehicles
U.S. President Joe Biden delivers remarks about climate change and protecting national forests on Earth Day at Seward Park in Seattle, Washington, April 22, 2022. Jonathan Ernst | Reuters The Biden administration on Monday announced it will begin a $3.1 billion plan to boost domestic manufacturing of batteries, in a broader effort to shift the […]
Read More
Stock futures inch higher after the Nasdaq posts worst month since 2008
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures inched higher during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow […]
Read More
Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to […]
Read More
Pelosi visits Kyiv; ruble to be used in occupied Kherson from today, UK says. Follow our live updates
Russia wants to impose ‘strong political and economic influence’ over Kherson, UK says A Ukrainian soldier stands outside a school hit by Russian rockets in a southern Ukraine village. The U.K. Ministry of Defence said Russia has been seeking to legitimise its control of Kherson since seizing it in March. Bulent Kilic | Afp | […]
Read More