business

Jim Cramer says investors should eye these three tech names in the Nasdaq 100

CNBC’s Jim Cramer on Tuesday told investors his three stock picks from the worst- and best-performing stocks in the Nasdaq 100 during the first half of this year. “Tech stocks were horrendous in the first half. … No Apples, no Googles, no semis, no software as services – just default names that show you that …

Jim Cramer says investors should eye these three tech names in the Nasdaq 100 Read More »

Even More Crypto Lenders Struggle to Stem Flood of Withdrawals

Image: SIVStockStudio (Shutterstock) The number of crypto lending platforms that actually let users take their crypto home with them is getting progressively smaller. One company even reported its users were draining their accounts of close to $198 million in total over the past three weeks. CoinLoan announced Monday it was putting a big hold on …

Even More Crypto Lenders Struggle to Stem Flood of Withdrawals Read More »

Dmitry Medvedev says oil could top $300 if Japan imposes price cap

Russia’s former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push prices above $300-$400 a barrel. Commenting on the proposal, which was reportedly put forward by Prime Minister …

Dmitry Medvedev says oil could top $300 if Japan imposes price cap Read More »

Here’s how far house prices are set to fall as rates go up, according to this forecasting firm

Stocks are veering south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising US interest …

Here’s how far house prices are set to fall as rates go up, according to this forecasting firm Read More »

Yum Brands says it is close to selling its Russian KFC business

A woman walks near closed KFC and McDonald’s restaurants that suspended their business in Russia due to the military invasion of Ukraine, April 16, 2022, in Moscow, Russia. Konstantin Zavrazhin | Getty Images Yum Brands is close to selling its Russian KFC business as part of its plan to exit the country’s market, the company …

Yum Brands says it is close to selling its Russian KFC business Read More »

Global economic outlook has ‘deteriorated materially’

Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and alert of …

Global economic outlook has ‘deteriorated materially’ Read More »

Russians served moldy burgers in McDonald’s replacements

The fast food restaurants that replaced McDonald’s in Russia after the American company left the country over the invasion of Ukraine have been serving up moldy hamburgers to their customers. Diners who patronized “Vkusno & Tochka,” translated from Russian as “tasty and that’s it,” posted photos of the rotted food on social media. The disturbing …

Russians served moldy burgers in McDonald’s replacements Read More »