World Cup teams nix armbands that were seen as snub to Qatar

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DOHA, Qatar — FIFA’s threat of on-field punishment for players pushed World Cup teams to back down Monday and abandon a plan for their captains to wear armbands that were seen as a rebuke to host nation Qatar’s human rights record. Just hours before the first players wearing the armbands in support of the “One … Read more

Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs

Markets will shift to a 'hope' phase next year, and investors would be wise not to miss it, says Goldman Sachs

Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stock futures in the red and the dollar higher ahead of Monday’s open. In a shortened week that will bring both Thanksgiving and the World Cup kickoff, investors have all sorts of excuses to head to the sidelines. Those sticking … Read more

Israeli-linked tanker hit by bomb-carrying drone off Oman

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DUBAI, United Arab Emirates — An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran, officials told The Associated Press on Wednesday. The attack on the Liberian-flagged oil tanker Pacific Zircon happened Tuesday night off the coast of Oman, one … Read more

Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’

Warren Buffett's chip-stock purchase is a classic example of why you want to be 'greedy only when others are fearful'

This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out. In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire … Read more

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

According to Fed Reserve Gov. Christopher Waller and several strategistslast week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get retail … Read more

Prosecutors push 15-year sentence for Theranos’ CEO Holmes

Elizabeth Holmes

Federal prosecutors have asked a judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing them her company had developed a revolutionary blood testing device. Calling the case “one … Read more

Slavery rejected in some, not all, states where on nerd

Fed set to impose another big rate hike to fight inflation

Voters in four states approved ballot measures that will change their state constitutions to prohibit slavery and involuntary servitude as punishment for crime, while those in a fifth state rejected the move. The measures approved Tuesday curtail the use of prison labor in Alabama, Oregon, Tennessee and Vermont. In Louisiana, a former slave-holding state, voters … Read more

Teen who killed rapist may face prison leaving after shelter

Fed set to impose another big rate hike to fight inflation

DES MOINES, Iowa — An 18-year-old sex trafficking victim who killed her rapist could be sent to prison after she walked away from an Iowa women’s shelter where she was serving probation following her conviction for manslaughter. An arrest warrant was issued for Pieper Lewis, who was seen walking out of the Fresh Start Women’s … Read more

Neighborhoods evacuated near burning Georgia chemical plant

Neighborhoods evacuated near burning Georgia chemical plant

SAVANNAH, Ga. — A large fire burned Monday inside a chemical plant on the coast of Georgia, where authorities ordered about 100 nearby homes to evacuate because of threats from toxic smoke and potential explosions. Emergency responders safely evacuated a handful of employees working when the fire broke out about 4 am at the plant … Read more

Wind-whipped fire leaves Northern California hamlet in ashes

Wind-whipped fire leaves Northern California hamlet in ashes

KLAMATH RIVER, Calif. — A week ago, the scenic Northern California hamlet of Klamath River was home to about 200 people and had a community center, post office and a corner grocery store. Now, after a wildfire raged through the forested region near the Oregon state line, four people are dead and the store is … Read more