President Trump’s order that the United States exit the World Health Organization could undo programs meant to ensure the safety, security and study of a deadly virus that once took half a billion lives, experts warn. His retreat, they add, could end decades in which the agency directed the management of smallpox virus remnants in an American-held cache.Health experts say discontinuation of the W.H.O.’s oversight threatens to damage precautions against the virus leaking into the world, and to disrupt research on countermeasures against the lethal disease. They add that it could also raise fears among allies and adversaries that the…
Author: usaeverydaylife
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed on Tuesday. It’s been a very choppy session with the S & P 500 trying to fight its way into green. Once again, it’s the energy sector leading the way, thanks to additional gains in oil and natural gas prices as well as a more than 4% boost in shares of Phillips 66 after Elliott Management disclosed a $2.5 billion stake in the company and published a…
Tesla and SpaceX CEO Elon Musk and U.S. President Donald Trump appear during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC.Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, X, the Boring Company, xAI, Neuralink, the U.S. Department of Government Efficiency as well as a recent group of investors bidding to buy OpenAI.From a business point of view, Musk’s accomplishments are undeniable. The companies he heads are not only market leaders, but often trailblazers in their…
India will cooperate with international sanctions, the country’s oil minister told CNBC on Tuesday, as markets eye future U.S. policy under the new administration of President Donald Trump.”We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it or anything,” India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri told CNBC’s Sri Jegarajah on the sidelines of the annual India Energy Week conference.”On Russia, yes, there was a price cap, and we adhered strictly to the price cap. Going forward, if there are issues, we will address them.”India’s…
Alice Weidel, chancellor candidate of the far-right Alternative for Germany (AfD) political party, speaks to supporters as they wave German flags at the AfD election campaign launch rally.Sean Gallup | Getty Images News | Getty ImagesGermany’s far-right party is dominating polls in the country’s eastern region less than two weeks before the federal elections on Feb. 23 — and economic concerns have played a part in its popularity. After the fall of the Berlin Wall in 1989, the economy in East Germany broadly collapsed as local businesses and companies faltered and unemployment soared. Despite the federal government spending hundreds of…
The leaders of the world’s two rival superpowers have plenty to talk about. But so far, it seems, they can’t agree on when they should speak, or even whether they already have.Over the last 10 days or so, President Trump has sent conflicting messages about talking to China’s top leader, Xi Jinping. Mr. Trump said on Feb. 3 that they would have a call within “24 hours,” then reversed himself, saying he was in “no rush” to talk. More recently, when asked whether the two had spoken since he took office, Mr. Trump said that they had.By contrast, Mr. Xi…
Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.”Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway.”Wall Street, in general, will do quite well out of the Trump presidency,” Jones, founder and chief investment officer at advisory firm Jevons Global, said.He added that banks were particularly well placed, given Trump’s promise to loosen deal-making regulations and imposition of trade tariffs which could see businesses re-focus on…
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | ReutersSoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell into red. The Japanese company’s revenue also missed analysts’ estimates.Here are Softbank’s results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who have been more consistently accurate:Revenue: 1.83 trillion yen vs. 1.84 trillion yenNet loss of 369.17 billion yen vs. a profit of 298.53 billion yenThe company’s Vision Fund investments clocked a loss of 352.75 billion yen for the quarter ended Dec. 31. The broader…
European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S.The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,785, Germany’s DAX up 75 points at 22,104, France’s CAC up 12 points at 8,042 and Italy’s FTSE MIB 102 points higher at 37,798, according to data from IG.Global market focus is on the latest U.S. consumer price index report for January that will be published on Wednesday.Headline inflation is expected to have grown 0.3% from the prior month and 2.9% from 12 months earlier, according to Dow…
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City.Spencer Platt | Getty ImagesThe January consumer price index report is likely to tell a familiar story: another month, another expected miss for inflation as it relates to the Federal Reserve’s goal, with concerns aplenty about what happens from here.So instead of looking for hope from the headline readings, which aren’t expected to change much from December, markets will pore through the details for trends…
