Famed technology and software giant Oracle took a bold step late last year when it announced its acquisition of Cerner, an electronic health records (EHR) company. This valiant purchase signaled a new...
Tag: Economy
Organic Agriculture Nightmare Tanks Sri Lanka’s Economy
A tea plantation near the Nuwara Eliya plateau at an elevation of 1,900 meters. Government-forced … [+] organic farming methods have devastated the industry and the people in it. Vyacheslav Arge...
How the US and allies cut off Russia from the global economy
As Russia stepped up its aggression against Ukraine to the point of a full-fledged invasion, the U.S. and its allies unleashed a series of historic and unprecedented economic sanctions. “It̵...
Pfizer planning to submit data on 4th Covid shot soon, while working on vaccine for all variants
Pfizer plans to submit data to the Food and Drug Administration for a fourth Covid shot soon, and it’s working on a vaccine that protects against all coronavirus variants, CEO Albert Bourla told...
Recession Odds Are Rising Amid Ukraine Invasion—Here’s What Could Pose ‘Serious Risk’ To U.S. Economy
Topline Analysts at investment bank Goldman Sachs downgraded their growth outlook for the U.S. economy Thursday to reflect rising oil prices and other risks related to the war in Ukraine, joining a gr...
Oracle, Uber, Pearson and others
Check out the companies making headlines before the bell: Oracle (ORCL) – The business software giant’s shares fell 2.3% in the premarket after its adjusted quarterly profit of $1.13 per share f...
5 charts show the stages of global economic recovery since Covid hit
Commuters on a train in Hong Kong on March 2, 2022, amid the Covid pandemic. Dale De La Rey | AFP | Getty Images Oil prices plunged, travel came to a halt and unemployment rates spiked when the corona...
Why Decentralized Exchanges Are Important in the Crypto Economy
Not only do liquidity pools offer traders access to decentralized liquidity, they also offer investment opportunities to those wishing to stake assets in the liquidity pool. When a user swaps assets t...
Stock futures are flat as Dow heads for fifth straight losing week amid Russia-Ukraine war
Traders on the floor of the NYSE, March 2, 2022. Source: NYSE Stock futures were flat ahead of Friday’s session as the Dow Jones Industrial average headed for its fifth losing week in a row amid...
There’s ‘nowhere to hide’ for consumers as inflation hits food, gas, housing
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making ...
Amazon, CrowdStrike, Micron and more
A worker sits on a wall dividing an informal settlement from the new Amazon fulfillment center, which is under construction at RMSG Alamar Industrial Park, in Tijuana, Mexico September 7, 2021. Jorge ...
Amazon, Boeing, CrowdStrike and others
Check out the companies making headlines before the bell: Amazon.com (AMZN) – Amazon jumped 5.3% in the premarket after it announced a 20-for-1 stock split and a $10 billion share buyback program. The...
CPI inflation February 2022:
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest ye...
Adidas doesn’t know when it will resume Russian operations, CEO says
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going ...
Amazon, Netflix, Bumble and more
Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Bumble — Shares of the online dating company surged more than 43% in midday tradi...
American consumer still healthy, but lower-income shoppers at risk
Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still he...
Britain impounds private jet with suspected links to Russian oligarch
Aerial photograph of the Norman Foster Hangars at Farnborough Airport, formerly known as the Royal Aircraft Establishment. David Goddard | Getty Images News | Getty Images LONDON — The U.K. said on We...
Campbell Soup, Express, Thor Industries and others
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in l...
BofA says ‘There is no clear off-ramp’ for Russia and ‘it’s like catching a falling knife,’ issues dire prediction for global economy
The global economy is set to experience uncertainty, sky-high energy prices, and slowing growth as tough Russia sanctions put pressure on markets over the coming months, according to the global resear...
Chevron, Caterpillar, SunPower and more
A sign is posted in front of a Chevron gas station on July 31, 2020 in Novato, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Shell — Shares of ...
Here’s How Biden’s Historic Ban On Russian Oil Will Hit The Economy
Topline President Joe Biden announced an historic U.S. ban on Russian oil imports on Tuesday as the latest round of sanctions against Russia for its invasion of Ukraine, but as energy prices continue ...
Ukraine war update: how record oil prices could affect the U.S. economy
The benchmark S&P 500 index is down another 1.0% on Monday as the United States is expected to announce a ban on Russian oil in response to Putin’s war crimes in Ukraine. What higher oil pri...
Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy – Bitcoin News
Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as ...
People are fleeing Ukraine — this guide is hosting tours along the way
Her virtual tours around Kyiv normally attract between 30 and 100 people. But more than 1,800 tuned in to Olga Dudakova’s livestreamed tours in Ukraine following the Russian invasion. The firs...
The IMF is concerned Post-war situations will be challenging for the Global economy
From Inflationary pressures to supply chain disruptions and price shocks, the international financial institutions predict for all. On 24th February, Russia broke out military invasion on Ukrain...
5 things to know before the stock market opens Monday, March 7
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures cut sharp losses as $130 crude comes a bit off the boil Traders work on the floor o...
PwC Predicts Bright Future For Blockchain Technology: Expected To Add $1.76 Trillion To Global Economy By 2030
PricewaterhouseCoopers’ (PwC) ‘s Time for Trust report revealed that the company’s economists forecast a bright future for blockchain technology. PwC’s economists believe that the mainstream adoption ...
Bed Bath & Beyond, United, PVH and more
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in midday tr...
Blockchain tech could add almost $2 trillion to global economy, says PwC report
Regardless of whatever is happening at the moment, there’s a good reason to be optimistic about the future of blockchain technology. That’s what economists from the leading consulting firm, Pricewate...
IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’ – Economics Bitcoin News
In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s ...