US stocks suffer biggest daily drop in almost two years | Financial Markets News

Shares of retailers from Walmart Inc to Macy’s Inc were caught in the downdraft. by Stephen Kirkland and Vildana HajricBloomberg Published on May 18, 202218 May 2022 US stocks posted the biggest daily drop in almost two years as investors assess the impact of higher prices on earnings and prospects for monetary policy tightening on … Read more

Tesla dumped by S&P ESG index as Musk calls label a ‘scam’ | Technology News

The index provider cited concerns related to working conditions and the firm’s handling of a probe into deaths and injuries linked to its driver-assistance systems. The world’s most famous electric-vehicle maker has lost its spot on the ESG version of the S&P 500 Index. S&P Dow Jones Indices says that Tesla Inc.’s score on environmental, … Read more

US Congress must understand ‘trauma’ of Nakba, Rashida Tlaib says | Al-Nakba News

The US legislator, who introduced resolution to recognize Palestinian displacement, tells Al Jazeera ‘Nakba hasn’t stopped’. Washington, D.C. – It’s important for United States lawmakers to understand the “trauma and pain” of the Palestinian Nakba, Congresswoman Rashida Tlaib has said, urging Washington to condition aid to Israel on its rights record. Tlaib introduced a congressional … Read more

US ‘confident’ NATO expansion issues will be resolved | Russia-Ukraine war News

Turkey has opposed NATO membership bids by Sweden and Finland, but US says concerns can be addressed. US President Joe Biden has said the bids by Sweden and Finland to join NATO would be successful, despite objections raised by Turkey to their applications. “I think we’re going to be OK,” Biden said on Wednesday in … Read more

US embassy in Kyiv reopens after nearly three months of war | Russia-Ukraine war News

Washington remains committed to helping Ukraine amid Russia’s invasion, the US says, as embassy staff return to the capital. The United States has reopened its embassy in Kyiv, the US Department of State announced, nearly three months after withdrawing American diplomats and suspending work in the Ukrainian capital in advance of Russia’s invasion. “The Ukrainian … Read more

Tencent profit halves as crackdown, COVID-19 weigh | Financial Markets News

China’s Tencent reported on Wednesday that its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004. The operator of the WeChat messaging platform and the world’s largest video game company said ad sales … Read more

Ex-Minneapolis police officer pleads guilty in George Floyd case | Black Lives Matter News

By entering the plea, Thomas Lane avoided the more serious charge of aiding and abetting second-degree murder. A former United States police officer has pleaded guilty to a state charge of aiding and abetting second-degree manslaughter in the killing of George Floyd, a Black man who died in 2020 when a fellow police officer pinches … Read more

Russia default risk surges as Biden mulls blocking debt payments | Debt News

Insurance on Russian sovereign debt – used to protect investors against non-payment – ​​jumped on Wednesday, signaling a 90 percent chance of a default within one year. by Laura BenitezBloomberg Published on May 18, 202218 May 2022 Russian default risk surged as investors began to digest the possibility that the Biden administration will fully block … Read more

Target shares plummet as high inflation, supply chain clogs bite | Business and Economy News

Target shares appeared to be headed for their most severe sell-off since the Black Monday market crash of 1987. Target took a big hit from higher costs during the first quarter despite brisk sales, and shares appeared headed for their most severe sell-off since the Black Monday market crash of 1987. Profits for major retailers … Read more

US, banks unveil plan to address global food crisis | Russia-Ukraine war News

The partners are aiming to prevent starvation prompted by Russia’s war in Ukraine, rising food costs and climate change. The United States, several global development banks and other groups unveiled a multibillion-dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine. The US Department of the Treasury announced … Read more