CNN — The US has bolstered its military forces in the Middle East following a series of attacks on US troops in Syria attributed to Iranian-affiliated militias, the Pentagon said Friday. A squadron of A-10 attack aircraft are deploying to the region ahead of a scheduled deployment. The deployment of the attack aircraft was expedited […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the […]
Inflation is ravaging shoppers’ wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II. Source link
Hong Kong CNN — For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through infrastructure megaprojects and becoming one of the world’s biggest creditors. Now, a new study says Beijing has also become a major emergency rescue lender to those same countries, many of […]
New York CNN — America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a high school in Parkland, Florida, in 2018. Dick’s Sporting Goods stopped selling semi-automatic, assault-style rifles at stores. Citigroup put new restrictions on gun sales by business customers. A year later, after mass shootings at a […]
CNN — At least 39 people died in a fire at a migration center in Mexico’s northern border city of Ciudad Juarez, officials said Tuesday. Authorities said the fire at the office of National Migration Institute (INM) occurred after they picked up about 71 migrants from the streets of the city. The cause of the […]
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — The pictures from Israel are incredible: seas of protesters rising up across the country. A general strike interrupted daily life and threatens to cripple the economy. The country’s defense minister has […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After […]
Hong Kong/London CNN — European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal Reserve to raise its main interest rate by 25 basis points in a bid to bring down inflation. European markets opened lower, with the region’s benchmark Stoxx Europe 600 index falling 0.9% in […]
CNN — The United Nations and United States on Wednesday added to international outrage over a hardline bill passed by Ugandan lawmakers that criminalizes simply identifying as LGBTQ+, prescribes a life sentence for convicted homosexuals and a death penalty for “aggravated homosexuality.” The UN’s High Commissioner for Human Rights asked Ugandan President Yoweri Museveni not […]