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Economic News

Tue, May 24th, 2022
Live updates | Russian official seeks base in Kherson region

A Russian-installed official in Ukraine’s Kherson region says the region’s pro-Kremlin administration will ask Moscow to set up a military base there.

More turn to UK food banks as food and fuel bills soar

LONDON (AP) — For many struggling families, older people and the homeless, Michelle Donnelly’s food hub in east London has been a lifeline. Since the hit Britain, she has been collecting surplus groceries...

Asia shares trading lower as inflation worries cloud outlook

TOKYO (AP) — Asian shares were lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports.

$SPX : 3,973.75 (+1.86%)
$DOWI : 31,880.24 (+1.98%)
$IUXX : 12,034.28 (+1.68%)
AP-NORC poll: Economy grows as priority on Russia response

WASHINGTON (AP) — Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation...

Asian shares mostly lower as inflation worries cloud outlook

TOKYO (AP) — Asian shares were mostly lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports....

$SPX : 3,973.75 (+1.86%)
$DOWI : 31,880.24 (+1.98%)
$IUXX : 12,034.28 (+1.68%)
TSLA : 674.90 (+1.66%)
BAC : 35.87 (+5.94%)
MSFT : 260.65 (+3.20%)
Amazon to sublease warehouses as online shopping slows

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased....

$SPX : 3,973.75 (+1.86%)
$DOWI : 31,880.24 (+1.98%)
$IUXX : 12,034.28 (+1.68%)
Global Citizen NOW summit seeks solutions for global issues

NEW YORK (AP) — The statistics discussed at the inaugural Global Citizen NOW conference were bleak.

Brazil president announces carbon market, thin on details

RIO DE JANEIRO (AP) — Brazil’s far-right President Jair Bolsonaro has signed a decree that he says will create a national carbon market to reduce greenhouse gas emissions. Brazil ranks sixth in the...

$SPX : 3,973.75 (+1.86%)
$DOWI : 31,880.24 (+1.98%)
$IUXX : 12,034.28 (+1.68%)
Video game workers create first union at big U.S. game maker

MILWAUKEE (AP) — Video game workers at a division of game publisher Activision Blizzard have voted to unionize, creating the first labor union at a large U.S. video game company.

MSFT : 260.65 (+3.20%)
Davos updates | Urgent need in Afghanistan is saving economy

DAVOS, Switzerland (AP) — Two high-level speakers at the World Economic Forum gathering say Afghanistan’s most urgent need is saving its economy from complete collapse.

$SPX : 3,973.75 (+1.86%)
$DOWI : 31,880.24 (+1.98%)
$IUXX : 12,034.28 (+1.68%)
TSLA : 674.90 (+1.66%)

Chart of the Day

Exxon Mobil Corp (XOM)

The Chart of the Day belongs to the major oil company Exxon Mobil (XOM). I found the stock by using Barchart's powerful screening function to find the stocks with the highest Weighted Alpha and technical buy signals then sorted that list by the most frequent number of new highs in...
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