Monthly Archives: July 2022

Russia launches new chartered ships to trade commodities with China and India as wartime sanctions block typical supply chains

Russian President Vladimir Putin. Mikhail Svetlov/Getty Images Russian companies are launching chartered ships for key commodities trade with India and China, the Economic Times reported.  The cargoes are meant to smooth out the delivery of critical raw materials as wartime sanctions snag typical supply chains.  Both China and India have ramped up imports of Russian…

A strong dollar and soaring inflation could be a brutal cocktail for S&P 500 firms and investors should expect earnings revisions to be lower, Morgan Stanley says

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters A strong dollar combined with inflation spells trouble for US stocks, Morgan Stanley said.  The US Dollar Index has risen 16% year-over-year, presenting a big hurdle for US firms with business overseas. …

Investors have weathered a big chunk of the bear market already, but stocks could still fall further, Goldman Sachs global stock chief says

The US stock market has been thrown into chaos as inflation and rising interest rates rattle investor confidence. Brendan McDermid/File Photo/Reuters Goldman Sachs’ Peter Oppenheimer believes a large chunk of the bear market has been endured.  He told CNBC however, that stocks, specifically in the tech sector, are headed for a further drop.  “I think…

Remote work changed my life — and taught me I can’t work for companies that don’t provide it

Courtney Felle. Courtesy of Courtney Felle Courtney Felle, 22, works for a rare-disease nonprofit and lives in Washington, D.C. Felle told Insider that as a chronically ill person, they hope accommodations like remote work will stick around. This is their story, as told to writer Fortesa Latifi. This as-told-to essay is based on a transcribed…

Prosecutors say Steve Bannon’s offer to testify to the January 6 committee is ‘irrelevant’ for his contempt of Congress trial

Steve Bannon, talk show host and former White House advisor to former President Donald Trump, arrives at the FBI’s Washington field office to turn himself in to federal authorities after being indicted for refusal to comply with a congressional subpoena over the January 6 attacks on the U.S. Capitol in Washington, U.S., November 15, 2021….

Top GOP senator says Joe Manchin ‘shouldn’t walk the plank’ for Biden’s economic agenda since the president is so unpopular

Sen. Joe Manchin, D-W.Va., chairs a Senate Energy and Natural Resources Committee hearing with Ranking Member Sen. John Barrasso (R-Wyo.) in June 2021. J. Scott Applewhite/AP Photo A top GOP senator pressured Manchin into opposing Biden’s economic agenda again. “I would remind him that Joe Biden’s popularity in that state it is as low as…

The UK grants Fiinu a banking license—but political upheaval could delay fintech advancements

The UK granted its second fintech banking license to Fiinu.  Once official, Fiinu plans to bring its overdraft plug-in to market quickly to assist customers with the increasing cost of living. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Banking industry. Learn more about becoming a client. The news: The UK granted fintech firm Fiinu a banking…

John McCain, dying of cancer, expressed hope that he would have ‘enough respect not to kiss’ Trump’s ‘ass’ like some of his GOP colleagues: book

Sen. John McCain, a Arizona Republican., arrives for a Senate Republican meeting in June 2017. Associated Press/Andrew Harnik Before he died, John McCain said he understood why so many in the GOP sucked up to Trump. But McCain hoped that even if he wasn’t dying, “I would have enough self-respect not to kiss his ass…

‘Thor: Love and Thunder’ is the sixth Marvel Cinematic Universe movie in a row to be shut out of China. Here’s why the movies haven’t been released there, from LGBTQ themes to online controversies.

Chris Hemsworth as Thor in “Thor: Love and Thunder.” Marvel Studios “Thor: Love and Thunder” earned over $300 million globally over the weekend, but wasn’t released in China. It’s the sixth MCU movie in a row, all during the pandemic, to be shut out of the region. It hasn’t been approved by China’s film censors…