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Maersk shares surge after shipping firm extends Red Sea pause, freight rates rise
Shipping giant Maersk on Wednesday notched a second consecutive session of strong gains as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to safety concerns. The Danish firm topped Europe’s Stoxx 600 gainers, with its Copenhagen-listed shares provisionally closing up 5.1% following Tuesday’s 6.4% rise. Shares…
Wells Fargo Active Cash Card Review
Unlimited 2% cash rewards — Cardholders earn an unlimited 2% cash rewards on purchases, with no categories to activate or earnings limits to track. There are other cards that offer higher cash back rates on certain categories, and while they can be worth it, they do require more effort. And they often are also subject to…
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the world’s largest container shipping firms said Thursday. Maersk CEO Vincent Clerc said it remained unclear whether passage through the waterway would be re-established in “days, weeks or months,” in comments first provided to the Financial…
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year,…
Blinken presses Israel on Gaza’s future; Netanyahu denies plan to displace Palestinians
This live coverage has ended. For the latest updates, please go here. Secretary of State Antony Blinken met with Palestinian Authority President Mahmoud Abbas in Ramallah on Wednesday after encountering resistance in earlier meetings with Israeli officials over the treatment of Palestinians and a plan for Gaza’s future. After his own meeting with Blinken, Israeli…
