How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its … Read more
Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more
Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images US natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could send them soaring by at least another 25%. In the futures market, gas … Read more
Here are Tuesday’s biggest calls on Wall Street: Barclays reiterates Microsoft as overweight Barclays said in a note Tuesday that Microsoft Teams is an “$ 85 billion opportunity.” “Recently, we have seen increased investor nervousness regarding the future growth opportunities for the Microsoft O ff ice franchise. However, we believe that recognizing the large opportunity … Read more
After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the Flexport industry is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that … Read more
Turkish President Recep Tayyip Erdogan speaks ahead of peace talks between delegations from Russia and Ukraine at Dolmabahce Presidential Office in Istanbul, Turkey on March 29, 2022. Arda Kucukkaya | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan has doubled down on his opposition to Sweden and Finland joining the NATO alliance, a … Read more
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more
Lebanon, a nation of nearly 7 million, is home to 18 different religious communities. Ibrahim Chalhoub | Afp | Getty Images Lebanon has voted in the country’s first parliamentary elections since its economic meltdown in 2019 and the Beirut port blast the following year. Dealing a major blow to the Iranian-backed Hezbollah, preliminary results from … Read more
Johnson will visit Northern Ireland on Monday to hold emergency talks. Daniel Leal | Afp | Getty Images LONDON – The UK government is again threatening to unilaterally override large parts of the Brexit deal agreed with the European Union, raising the prospect of a trade war amid a power-sharing crisis in Northern Ireland. UK … Read more
China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, … Read more