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May 23, 2022

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Traders are lining up to short the British pound with a possible recession on the horizon

CNBC
CNBC – For more and to sign up click here British Union flag, also known as a Union Jack, and an American flag at ETX Capital, a broker of contracts-for-difference. The pound has fallen more than 8% against the dollar, and is attracting short bets from traders as the British......

In PA, Barnette falls short; McCormick and Oz on the razor’s edge

USA TODAY – For more and to sign up click here Salena Zito PITTSBURGH — Pennsylvania Republican primary voters came home to their natural roots Tuesday evening after briefly flirting with insurgent candidate Kathy Barnette. The race’s final result was too close to call. Businessman Dave McCormick and celebrity doctor......

Trump’s candidate will win in West Virginia House primary but fall short in Nebraska gubernatorial contest, CNN projects

CNN
USA TODAY – For more and to sign up click here West Virginia Rep. Alex Mooney, who made Trump’s endorsement the centerpiece of his campaign in the first incumbent vs. incumbent primary of the year, will win the GOP nomination for the state’s 2nd Congressional District, CNN projects. But Nebraska......

Diesel fuel is in short supply as prices surge — Here’s what that means for inflation

CNBC
CNBC – For more and to sign up click here The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due......

AbbVie disappoints for the quarter as several promising drugs come up short

CNBC
CNBC – For more and to sign up click here This was a letdown from Abbvie because some key products that are expected to drive the company’s growth missed the mark. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Amazon results and outlook fall short as warehouse, fuel costs soar

Reuters
April 28 (Reuters) – Amazon.com Inc (AMZN.O) delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Shares fell 9% in after-hours trade. After a long-running surge in sales during the COVID-19 pandemic, Amazon......

China Continues to Fall Short of Promises to Protect Intellectual Property, U.S. Says

New York Times
In remarks to reporters on Tuesday, Liu Pengyu, the spokesperson for the Chinese Embassy in Washington, said that the tariffs violated global trade rules, dragged down the global economic recovery and would ultimately hurt U.S. businesses and consumers. The Russia-Ukraine War and the Global Economy Card 1 of 6 Shortages......

One Final Look at a Nets Season That Fell Short

New York Times
Jonathan Abrams Exhaustion had replaced exhilaration by the time the Nets took the court for Monday’s fait accompli playoff game against the surging Boston Celtics. The early-season excitement surrounding the Nets and their glittering roster faded through a season’s worth of head-butting against the Murphy’s law adage that anything that......

Officially eliminated from playoffs, Detroit Red Wings fall short against Columbus Blue Jackets

Detriot News
Detroit News – For more and to sign up click here Detroit — The playoffs officially aren’t a possibility, so the Red Wings marked the occasion Saturday with another loss, although a spirited one it was. The Wings lost 5-4 to the Columbus Blue Jackets in overtime, hours after the Washington......

Officially eliminated from playoffs, Detroit Wings fall short against Columbus Blue Jackets

Detriot News
Detroit News – For more and to sign up click here Detroit — The playoffs officially aren’t a possibility, so the Red Wings marked the occasion Saturday with another loss, although a spirited one it was. The Wings lost 5-4 to Columbus in overtime, hours after the Washington Capitals’  victory in......

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

CNBC
CNBC – For more and to sign up click here A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick......

NCAA schools falling short on cash-for-grades pay

ESPN
Less than one-quarter of the nation’s wealthiest college athletic departments say they have a plan in place to maximize the amount of money they can give to athletes this year by providing cash rewards for getting good grades. For many athletes, the academic year was a revolutionary one for their......

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