A teen receives her Pfizer Covid-19 booster at a CVS pharmacy in New York City on Jan. 20th, 2022. Adam Jeffery | CNBC CVS Health said Wednesday that demand for at-home Covid tests and booster shots lifted overall store sales, helping the company top expectations for fourth-quarter earnings. Shares of the drugstore chain and health … Read more
An armored personnel carrier is seen during tactical exercises, conducted by the Ukrainian National Guard, in the abandoned city of Pripyat near the Chernobyl Nuclear Power Plant in Ukraine on February 4, 2022. Gleb Garanich | Reuters Oil will “certainly” hit $ 120 a barrel and the global economy will be “radically altered” if Russia … Read more
JPMorgan lowered its rating on Big Lots to underweight from neutral.
The chief operating officer of Nissan has spoken to CNBC about why his company has decided to move away from the development of new internal combustion engines in Europe once a tougher set of emissions standards, known as Euro 7, come into force. During an interview with “Squawk Box Europe” on Tuesday morning, Ashwani Gupta … Read more
Antitrust regulators have killed off Nvidia’s $ 66bn takeover of UK-based chip designer Arm. Masayoshi Son, who runs thwarted vendor SoftBank, wants investors to see the positive side – a historic listing is in the making, he claims. But the pep talk, undercut by a 97 per cent plunge in quarterly profits at the Japanese … Read more
Chandrashekhar Panchal, a 21-year-old graduate in humanities, is among the hundreds of young jobseekers waiting in the cold outside a brick-and-glass building in Meerut, an industrial city in India’s largest state Uttar Pradesh. There they will sit a four-hour exam for mid-level civil service jobs such as clerks in the tax department. At the end … Read more
Strict Covid-19 protocols and China’s limited prospects of topping the medals table have muted local enthusiasm for the Beijing Winter Olympics, but the Games have sparked at least one public frenzy: buying and flipping official souvenirs for quick gains. Queues of more than 800 people outside the Beijing Arts and Crafts mall snaked through Wangfujing, … Read more
As the Federal Reserve prepares to start raising interest rates as soon as next month, leading emerging economies such as Brazil and Russia are so far ahead of the US central bank they could be nearing the end of the rate-raising cycles they embarked on last year . It is an unusual situation for emerging … Read more
The government’s flagship scheme to boost productivity among small businesses has signed up less than a tenth of its target, leading to criticism that the Help to Grow program excludes many of the companies it aims to support. Chancellor Rishi Sunak formally launched the scheme in August last year, calling on small and medium business … Read more
Investors are growing worried that if the European Central Bank signals too aggressive a tightening in monetary policy, it could trigger the type of bond market tumult that worsened the eurozone debt crisis a decade ago. Government debt across the currency bloc has tumbled since last week’s ECB meeting, when President Christine Lagarde declined to … Read more