CVS fourth-quarter earnings top expectations as Covid tests lift overall store sales

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

Oil will hit $120 a barrel if Russia invades Ukraine: David Roche

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

Why Nissan is moving from the internal combustion engine in Europe

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

India’s economic distress threatens BJP’s dominance in state elections

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

Chinese queue overnight to snap up and resell Winter Olympics souvenirs

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