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Monthly Archives: May 2023

Saudi oil minister warns market speculators to ‘watch out’ ahead of OPEC+ meeting

Saudi oil minister Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead. “Speculators, like in any market, they are there to stay. I keep advising that they will be ouching. They did ouch in April. I don’t have …

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Medical device companies are in an ’emerging bull market,’ Jim Cramer says

CNBC’s Jim Cramer on Monday touted the burgeoning bull market of medical devices, noting positive earnings reports from related companies across the board. “It’s undeniable that we’ve got an emerging bull market in medical devices — we’ve heard the same incredibly positive story from company after company,” Cramer said. “I’m …

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Oil giant Shell braces for shareholder revolt over climate plans

Shell reported adjusted earnings of $39.9 billion for the full-year 2022. Sopa Images | Lightrocket | Getty Images LONDON — British oil giant Shell’s annual general meeting Tuesday looks set to be an acrimonious one, with climate-focused investors seeking to ramp up pressure on the energy major after an extraordinary …

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Goldman Sachs says jobs mismatch drove up China’s youth unemployment

People look for jobs at a fair in Shanghai, China, on May 20, 2023. Bloomberg | Bloomberg | Getty Images Record unemployment among China’s young people stems partly from a mismatch between their majors and available jobs, Goldman Sachs analysts said in a report Monday. Graduates from vocational schools studying …

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How Thailand’s military old guard could respond to election results

Pita Limjaroenrat, leader of the Move Forward Party (center), at a rally in Bangkok, Thailand, on May 18 2023. Valeria Mongelli | Bloomberg | Getty Images Thailand’s preliminary election results was a triumph for the progressive Move Forward party but its reforms are set to threaten conservative forces that may …

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Are you paid less than your peers? What to do about wage compression

Pay transparency laws — which mandate that employers have to disclose salary ranges — have several benefits, including pay equity and more successful negotiations during the hiring process. But it can lead to more dissatisfaction and resignations, as employees “detect inequities” among themselves, according to people analytics firm Visier.  Wage …

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Why cash is king for emergency funds and short-term savings

Articles about emergency funds may have put you to sleep as recently as a year ago. You would have been lucky to find a high-yield savings account paying out 1%-2% at that time.  However, with interest rates soaring, cash investments can post sizable returns, driving some of the highest interest …

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SpaceX joining FAA to fight environmental lawsuit over Starship

An aerial view of a Starship prototype stacked on a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX Elon Musk’s SpaceX is set to join the Federal Aviation Administration as a co-defendant to fight a lawsuit brought by environmental groups following the company’s first test …

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How to fight fake news, online misinformation

Gen Zers might be the most digitally savvy group on the planet, but that doesn’t make them immune from believing — and spreading — false information online. That’s a big problem for everyone, Google executive Beth Goldberg tells CNBC Make It. “I do think Gen Z’s susceptibility to misinformation is …

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Walmart partners with Pawp to offer free pet telehealth

A shopper wearing a protective mask pushes a dog in a cart outside a Walmart store in Lakewood, California, July 16, 2020. Patrick T. Fallon | Bloomberg | Getty Images Walmart is jumping into the burgeoning pet telehealth market.  The mega-retailer has inked a deal with veterinary telehealth provider Pawp …

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