Nike, Spirit Airlines and more

Take a look at some of the most important engines in the pre-market stage: Nike (NKE) – Nike fell 2.4% in premarket trading despite reports Better-than-expected quarterly earnings and revenue. The sportswear and footwear maker forecast revenue for the current quarter below analyst estimates amid increased promotional activity and ongoing disruptions in its profitable Chia … Read more

New G7 infrastructure plan offers alternative to China Belt & Road

The Group of 7 has announced a new infrastructure financing program that could rival China’s Belt and Road Initiative. One expert says the G-7 plan offers hope to developing countries, but whether it can match the BRI remains to be seen. On Sunday, United States and the other members of the G-7, including Canada, Germany … Read more

Trump SPAC Agreement Threatened by Criminal Investigation

Former US President Donald Trump applauds during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S., on May 27, 2022. Shannon Stapleton | Reuters A federal criminal investigation threatens the proposed merger between former President Donald Trump’s social media company and a special purpose acquisition company, a deal that would give the combined … Read more

Russia on the brink of historic debt default as payment period expires

Russian Finance Minister Anton Siluanov (seen here with Russian President Vladimir Putin in 2019) told the Russian newspaper Vedomosti that Moscow will continue to pay foreign debts in rubles, but holders of foreign Eurobonds will have to open accounts in rubles and in hard currency with Russian banks in order to do so. to receive … Read more

Disney, Apple and Amazon still waiting as NFL considers Sunday Ticket deals

DK Metcalf of the Seattle Seahawks during a Meet & Greet with DIRECTV NFL SUNDAY TICKET subscribers at the DIRECTV NFL SUNDAY TICKET Lounge on Saturday, February 1, 2020 in Miami, FL. Peter Barreras | AP Disney, Apple Y Amazon have submitted bids to become the new broadcast rights owner of the National Football League’s … Read more

The Supreme Court overturns Roe v. Wade and ends the federal right to abortion

The Supreme Court in a 6-3 decision on Friday overturned Roe v. Wade, the landmark ruling that established the constitutional right to abortion in the US in 1973. The controversial but long-awaited court ruling gives individual states the power to set their own abortion laws without worrying about running afoul of Roe, which had allowed … Read more

Putin squeezes Europe’s gas supplies. Politicians are getting worried

BRUSSELS — European leaders are growing concerned about the possibility of a complete shutdown of gas supplies from Russia, with Italy calling for a new meeting to discuss the matter. Gazprom, Russia’s state-backed energy provider, has cut its gas flows to Europe by about 60% in recent weeks, leading Germany, Italy, Austria and the Netherlands … Read more

Why the retail industry is facing a wave of bankruptcies

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. justin sullivan | fake images The retail industry is facing a possible wave of bankruptcies after a months-long slowdown in restructuring activity. There could be a surge in struggling retailers from the end of this year, experts say, as … Read more

European leaders are expected to formally accept Ukraine’s EU candidacy

EU Commission President Ursula von der Leyen (l) speaks at a joint press conference with Volodymyr Zelenskyy, President of Ukraine. Michael Fisher | Images Alliance | fake images BRUSSELS (AP) — European Union leaders are expected to formally approve Ukraine’s candidate status to join the bloc Thursday, the first official step toward full membership. The … Read more

Germany activates ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

Habeck previously warned that the situation will be “really difficult in winter” without precautionary measures to avoid a gas supply shortage. Images Alliance | Images Alliance | fake images Germany has stated that it is moving to the so-called “alert level” of its emergency gas plan as reduced Russian flows exacerbate fears of a winter … Read more