United States
Can war be net-zero? NATO pledges massive revamp of energy-guzzling equipment
A naval exercise led by U.S. Naval Forces Europe-Africa, and executed by the NATO Naval Striking and Support Forces, in the Baltic Sea on June 6, 2022. Russia’s onslaught in Ukraine is almost certain to eclipse other security concerns at NATO’s Madrid summit this week. Jonathan Nackstrand | Afp | Getty Images The super-polluting military […]
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At least 46 migrants found dead in San Antonio, Texas Gov. Abbott says
More than 40 migrants were found dead Monday in the trailer of a big-rig truck in San Antonio, authorities said. San Antonio Fire Chief Charles Hood said that at least 46 people were dead and that 16, including four children, had been hospitalized. The victims included both males and females and females, many young adults, […]
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Fund manager says this stock is so cheap it makes ‘no sense’
Trying to buy the dip in a beaten down market might feel similar to stepping into a clearance sale at your favorite store — everything’s on sale and screams “buy.” But with no guarantee that the recent uptick in markets is anything more than temporary, investors are stressing the importance of being selective if adding […]
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Asia-Pacific stocks rise slightly as investors weigh economic concerns
SINGAPORE — Shares in the Asia-Pacific region were slightly higher on Tuesday as investors weigh economic concerns. Japan’s Nikkei 225 was up 0.11%, while the Topix rose 0.26%. In South Korea, the Kospi climbed 0.51% and the Kosdaq inched up 0.29%. Australia’s S&P/ASX 200 was 0.22% higher. There is a clear lack of conviction by […]
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The housing market slowdown is showing up in shipping data from China
Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across […]
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Brookfield’s Mark Carney on the firm’s new $15 billion bet on the clean energy transition
(Click here to subscribe to the Delivering Alpha newsletter.) Brookfield Asset Management announced last week that it raised a record $15 billion for its inaugural Global Transition Fund. This marks the world’s largest private fund dedicated to the net zero transition, signaling that investors are still committed to establishing cleaner portfolios. However, some blame the trend toward ESG-investing for […]
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Iran nuclear talks to resume this week in Qatar
Negotiations between Iran and world powers on reviving a 2015 nuclear deal are set to resume this week in the Qatari capital of Doha after the talks broke down in March, a Biden administration spokesperson said Monday. A State Department spokesperson said there would be “indirect discussions” in Doha this week. “We are grateful to our EU […]
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U.S. basketball star Griner appears in Russian court
WNBA star and two-time Olympic gold medalist Brittney Griner is escorted to a courtroom for a hearing, in Khimki just outside Moscow, Russia, Monday, June 27, 2022. Alexander Zemlianichenko | AP More than four months after she was arrested at a Moscow airport for cannabis possession, a Russian court has set the start date of […]
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European stocks close slightly higher; Prosus up nearly 16% on Tencent share sale plan
LONDON — European stocks closed slightly higher on Monday, as a positive trend seen at the end of last week’s trading lost some momentum. The pan-European Stoxx 600 index provisionally ended 0.6% higher, having traded up more than 1% earlier in the session. Mining stocks rose over 2% to lead the gains. In terms of […]
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Zelenskyy set to ask G-7 leaders for more firepower to fight Russian forces; Kyiv, Odesa and other key regions hit by missile strikes
UK’s Boris Johnson to tell fellow G-7 leaders they must end Putin’s ‘stranglehold’ on food prices British Prime Minister Boris Johnson is due to call on world leaders gathered at the G-7 summit in Germany on Monday to take urgent action to get essential food supplies out of Ukraine. The U.K. said it was working […]
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