Month May 2024

Stocks drift as pressure from the bond market eases after cooler economic data

U.S. stocks are drifting Thursday following mixed profit reports from big companies and signals that the economy may be cooling.

Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%

The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising… Continue Reading →

WSJ union staging walkout after layoff rumors

The union representing editorial staff at The Wall Street Journal announced a walkout Thursday after talk of firings spread.

Tens of billions of dollars worth of gold flows illegally out of Africa each year, a new report says

Billons of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world, according to a report published Thursday.

Tesla applies to roll out Full Safe Driving technology in China as competition mounts

Tesla is seeking approval from Chinese authorities to roll out its Full Self-Driving technology in the country as competition from other electric vehicle makers increases.

Musk agrees to testify in SEC Twitter probe

X owner Elon Musk has agreed to testify in a Securities and Exchange Commission investigation into the billionaire’s purchase of Twitter in 2022.

At China-Arab States summit, Xi Jinping pledges more Gaza aid, economic cooperation

Chinese President Xi Jinping reiterated calls for the establishment of an independent Palestinian state and promised more humanitarian aid for people in Gaza as he opened a summit with leaders of Arab states Thursday in Beijing. “Since last October, the… Continue Reading →

With global crises multiplying, WHO’s emergency program faces severe funding shortfall, report says

The World Health Organization’s emergencies department is facing “existential threats” as multiplying health crises have left it so short of cash that it needed emergency funds to pay staff salaries at the end of last year, an independent report said…. Continue Reading →

United Nations slammed for holding meeting to honor ‘Butcher of Tehran’: ‘Outright offensive’

The U.S. boycotted the United Nations tribute to recently deceased Iranian President Ibrahim Raisi, calling into question the logic of showing respect for a  man who has committed “numerous, horrific human rights abuses.”  “The United States will not attend today’s… Continue Reading →

Papua New Guinea landslide survivors grapple with slow evacuation after hundreds buried

Traumatized survivors of the massive landslide estimated to have buried hundreds in Papua New Guinea have been slow to move to safer ground as the South Pacific island nation’s authorities prepare to use heavy machinery to clear debris and risk… Continue Reading →

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