Author: CapitalGainsFund

May 26

‘Bloomberg The Open’ Full Show (05/26/2022)

Matt Miller and Kriti Gupta highlight the market-moving news you need to know heading into the opening bell on Wall Street. Stocks continuing to rebound from the lowest levels in over a year as solid outlooks from retailers bolstered confidence in the economy despite supply-chain and inflationary pressures. CreditSight’s Winnie Cisar, Hightower’s Patrick Fruzzetti and […]
May 26

We Don’t Want a Cold War With China: Blinken

Secretary of State Antony Blinken said the US will seek to influence China’s behavior by shaping “the strategic environment around Beijing” in a speech that took direct aim at President Xi Jinping’s performance in leading the world’s second-biggest economy. He spoke at the Asia Society Policy Institute in Washington, D.C.
May 26

Watchdog launches probe into Google after claims it makes it more difficult for rivals to compete in advertising technology market

Britain’s competition watchdog has launched an investigation into whether Google has broken the law by restricting competition in the advertising technology market. The Competition and Markets Authority will assess whether the firm had distorted competition and made it more difficult for rival advertising services to compete. The regulator said its investigation into the Alphabet-owned search […]
May 26

World Bank boss warns over global recession

The head of the World Bank has warned that Russia’s invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. David Malpass told a US business event on Wednesday that it is difficult to “see how we avoid a recession”. He also said a series of coronavirus lockdowns […]