Tag Archives: damage

Vladimir Putin gave his first interview with a Western media figure since invading Ukraine. It was with Tucker Carlson, who has long been more sympathetic to Putin than most of the US media. The interview seems timed to further corrode US support for Ukraine. As Tucker Carlson was hyping his interview with Russian President Vladimir Putin, US support for Ukraine hit a new low. Wednesday saw another congressional attempt to get more aid to Ukraine unceremoniously collapse — keeping a proposed… Source link

BREVARD, Fla. — NASA astronaut Frank Rubio and Russian cosmonauts Sergey Prokopyev and Dmitri Petelin are faced with extending their stay aboard the International Space Station by several months and will require a new ride home after their Russian MS-22 Soyuz spacecraft sprang a leak last month. The trio was supposed to use that spacecraft to return to Earth in March. Wednesday, NASA and Russian space officials unveiled a plan to launch an empty Soyuz capsule to the ISS to ferry them back… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link

Renowned economist Mohamed El-Erian believes inflation will come down by the end of the year but “will be sticky.” “I’m looking for a core CPI in the 4.5% to 5.5% range, so well above the 2% target of the Fed,” the chief economic adviser of Allianz said on Influencers with Andy Serwer (video above). The latest monthly Consumer Price Index (CPI) reading came in at 9.1%, the highest level since November 1981. The reading for July CPI will be released on Wednesday. “What I’m most… Source link

‘They’ll chicken out’: Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough The Fed is raising interest rates aggressively in an attempt to tame raging inflation. But according to legendary investor Rick Rule — former president and CEO of investment fund Sprott U.S. Holdings — things may not go as planned for America’s central bank. “I think they’ll chicken out,” he told Stansberry… Source link

Chinese President Xi Jinping has urged the EU not to “tie the whole world” to the crisis in Ukraine and warned it could take decades to repair the economic damage. In a virtual summit with European Union leaders on Friday, Xi told European Commission President Ursula von der Leyen and European Council President Charles Michel that the crisis must be “properly handled”. “Many people are very worried that the current situation may destroy the achievements of decades of international economic… Source link

Inflation is the main economic and political concern right now. Before Russia invaded Ukraine on Feb. 24, it was possible inflation would peak early in 2022, then ease as supply chain kinks unwound and consumers returned to normal spending patterns. Russia’s barbaric war on Ukraine changed that equation, sending oil and gasoline prices soaring as a major source of world energy supply suddenly looked endangered. Russia is the world’s third largest supplier of oil and natural gas, and… Source link

(Bloomberg) — Oil flipped between small gains and losses as U.S. offshore producers assess damage from Hurricane Ida and as investors focus on an OPEC+ meeting that will likely lead to a further output revival. Futures in New York earlier fell as much as 1.6% Monday. Gasoline futures spiked more than 4% earlier in the session before paring its advance. While Gulf of Mexico producers had shut in about 1.7 million barrels a day of crude output ahead of the storm, refineries in Louisiana may be… Source link

Members of the South Florida Urban Search and Rescue team look for possible survivors in the partially collapsed 12-story Champlain Towers South condo building on June 26, 2021 in Surfside, Florida. Joe Raedle/Getty Images An engineering firm said it’s “deeply troubled” by the Florida condo collapse. Morabito Consultants documented “major structural damage” at the building in 2018. Officials have confirmed five deaths so far, with 156 people still unaccounted for. Visit Insider’s homepage for… Source link