Wall Street plunges as global recession looms

Wall Street plunges as global recession looms

Yesterday’s large-scale sell-off on Wall Street, in which shares of major retail companies experienced their biggest decline since the October 1987 Black Monday stock market crash, was in response to clear indications the US and global economy are moving rapidly into recession. A television screen on the floor of the New York Stock Exchange, Wednesday, … Read more

Spirit calls on shareholders to reject JetBlue tender offer

Spirit calls on shareholders to reject JetBlue tender offer

Piper Sandler chief investment strategist Michael Kantrowitz tells investors to stay defensive, and not to call a market bottom until 2023. Spirit Airlines’ board of directors has recommended that its shareholders reject a $ 30 per share tender offer from JetBlue Airways, arguing the takeover bid “has not addressed the core issue of the significant … Read more

Big league bound: Cardinals call on Gorman, Liberatore to revamp roster after late loss to Mets | St. Louis Cardinals

Big league bound: Cardinals call on Gorman, Liberatore to revamp roster after late loss to Mets |  St.  Louis Cardinals

NEW YORK – The Cardinals wasted no time Thursday sifting through the rubble from an extra-innings loss at Citi Field before putting the pieces together to give them a dramatic new look. The New York Mets had not yet stopped celebrating their 7-6 victory in the 10th inning when the Cardinals management began revamping the … Read more

Canada bans China’s Huawei Technologies from 5G networks: NPR

Canada bans China’s Huawei Technologies from 5G networks: NPR

A woman wearing a face mask walks past a Huawei store temporarily closed due to coronavirus-related restrictions in Beijing, Thursday, May 12, 2022. China’s leaders are struggling to reverse a deepening economic slump while keeping a “zero-COVID” strategy that has shut down Shanghai and other cities. Mark Schiefelbein / AP hide caption toggle caption Mark … Read more

MultiVersus Leans on Fantastic Cast of Characters in Entertaining Smash Clone

MultiVersus Leans on Fantastic Cast of Characters in Entertaining Smash Clone

MultiVersus, as its name implies, is a game in which characters from disparate worlds come together to duke it out. To what end, we’re not sure, but it makes for a wildly entertaining platform fighter nonetheless. If you grew up watching Tom & Jerry, for example, hearing the cat’s iconic scream as he’s flung from … Read more

‘Unprecedented’: US Congress passes massive Ukraine aid package | Russia-Ukraine war News

‘Unprecedented’: US Congress passes massive Ukraine aid package |  Russia-Ukraine war News

Washington, DC – The United States Congress has approved a nearly $ 40bn military and humanitarian aid package for Ukraine, an “unprecedented” sum that US legislators say will help the country defend against Russia’s continued invasion. The bill, previously passed by the House of Representatives, passed in the Senate on Thursday by an overwhelming 86-to-11 … Read more