Stock futures jumped in early morning trading as the market shook off the April sell-off and investors reacted positively to earnings from Meta Platforms. Futures on the Dow Jones Industrial Average added 315 points or 0.95%. S&P 500 futures gained 1.6% and Nasdaq 100 futures jumped 2.2%. The moves came […]
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Huawei’s first quarter revenue tumbles by nearly 14% as smartphone sales plunge
Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit […]
Barclays beats expectations but suspends buybacks after U.S. trading blunder
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters LONDON — Barclays on Thursday said it had suspended its planned share buyback program on the back of a costly trading error in the U.S. It comes as it reported expectation-beating profit for the […]
Americans view these Asian countries as safer now than before the pandemic
A new study shows American travelers view many Asian nations as safer travel destinations now than they did four years ago. South Korea, Singapore, Thailand, Japan, China and Vietnam rose in the annual safety rankings published by travel insurance provider Berkshire Hathaway Travel Protection. The survey in the 2022 “State […]
Are you overparenting? A child psychologist says these are the tell-tale signs
It’s easy to fall into the trap of “overparenting” with a greater emphasis than ever on the importance of childhood experiences. But, one expert explains why this should be avoided and how you can spot the tell-tale signs that you’re doing it. Overparenting can be defined in two ways, according […]
Russia’s war is threatening the Middle East’s food security — sparking warnings of riots, famine, and mass migration
Russia’s invasion of Ukraine is threatening global wheat and grain supplies, a particular risk for Middle Eastern and African countries like Egypt, where bread is a major dietary staple. Cairo, Egypt, on March 9, 2022. Photo by Ahmed Gomaa | Xinhua via Getty Images For centuries, bread has been the […]
Turkey wants to be neutral in the Ukraine war. But a treaty from 1936 has it on a tightrope
A Russian submarine passes Istanbul as it transits the Bosporus in February 2022. Turkey is the gatekeeper between the Black Sea and the Mediterranean. Ozan Kose | Afp | Getty Images There’s a Turkish saying, “Did your ships sink in the Black Sea?” The expression is asked when a person […]
Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround plan, the company confirmed Wednesday […]
China’s capital city loosens robotaxi restrictions for Baidu, Pony.ai in a big step toward removing human taxi drivers
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in a suburban part of the city. Vcg | Visual China Group | Getty Images BEIJING — China’s capital city has moved […]
Australia opens facility that will ‘blast’ human waste and convert it into fertilizer
A sewage treatment plant. The idea of reusing organic matter or waste in industrial processes and other initiatives is not a new one, and the last few years have seen a number of interesting projects take shape. Thomas Imo | Photothek | Getty Images An Australian plant that converts human […]