(Bloomberg) — Former Treasury Secretary Lawrence Summers urged the Federal Reserve to refrain from signaling its next move after an expected interest-rate hike next week because of the economy’s...
Category: Finance
Live Finance News Updates.
The outgoing CEO of Toyota told his successor: Don’t be like me
After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy. Photo by Yoshikazu Tsuno | Gamma-rapho | ...
Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...
‘Love Hormone’ Oxytocin May Not Be Needed For Mating After All, Study Suggests
Topline Oxytocin, a hormone previously thought to be necessary for forming social bonds like mating and giving birth, may not be as essential as researchers previously thought it to be, a study out Fr...
NVAX Stock Outperforms Vaccine Stock Rivals On Pledge To Update Covid Vaccine
Novavax (NVAX) plans to update its Covid shot for new variants, and NVAX stock outperformed its vaccine rivals on Friday. X The decision follows an advisory committee meeting at the Food and Drug Admi...
China looks past Covid as tourist bookings surge for the Lunar New Year
BEIJING — People in China are moving past the pandemic and going out to travel, preliminary data for the Lunar New Year holiday show. “Pent-up demand is being released as many people rush to sce...
American Express, Intel, Silvergate Capital and more
American Express, Visa and Mastercard signage are displayed in a shop window in New York. Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. American Ex...
Facundo Pellistri To Remain At Manchester United For Rest Of Season
Manchester United’s Uruguayan midfielder Facundo Pellistri applauds fans on the pitch after the … [+] English League Cup quarter final football match between Manchester United and Charlton...
Billionaire Dogecoin Advocate Elon Musk Doubles Down on Offer To Eat Happy Meal on TV if McDonald’s Accepts DOGE
The billionaire behind Tesla is doubling-down on his offer to eat a Happy Meal on television should McDonald’s accept his favorite crypto, Dogecoin (DOGE). Almost exactly one year ago, the now-owner o...
FDA pulls Evusheld because it’s not effective against subvariants
Evusheld (tixagevimab and cilgavimab) injection, a new COVID-19 treatment that people can take before becoming symptomatic. (Chris Sweda/Chicago Tribune/Tribune News Service via Getty Images) Chris Sw...
Cracking Open the Issue of High Egg Prices
Corporate consolidation in our food system is going on without most of us knowing. Massive companies are controlling a greater and greater proportion of food production. And at a time when we urgently...
I bought AMC ‘thinking it would be the next Tesla,’ retail trader on 2-year anniversary of craze
It’s been two years this week since the meme stock phenomenon took Wall Street by surprise. The craze put the spotlight on retail investors and their collective efforts to outsmart “the Suits.&#...
Here’s where mainland Chinese traveled overseas for the Lunar New Year
BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the m...
Hawley Demands Biden Administration Enforce Bill Banning TikTok From Federal Devices
Topline Sen. Josh Hawley (Mo.) has requested the Biden Administration quickly enforce a bill banning TikTok from federal devices, according to a letter sent Friday to the Office of Management and Budg...
Is This Promising Turnaround Moving Too Fast?
Summary Hertz’s bankruptcy took a turn for the better when the used car market became hot. The company was able to emerge from Chapter 11 with a growth plan focused on EVs and AI. Is Hertz movin...
Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.
Shares of hydrogen and fuel cell technology company Plug Power took a hit after the company gave a disappointing update about how 2022 finished off. But Wall Street is still bullish about 2023. Wednes...
Customer Bancorp Price Prediction: Will CUBI Price Miss The Expectation Again In 2023?
Customer Bancorp has missed the earnings and has seen a huge fall of 15% in intraday session Technical indicators are favoring a strong downside trend.It is currently trading near $26 CUBI is the tick...
Audi’s new EV is SUV with augmented reality that doubles as pickup
Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future ...
3M Stock Plunges In Response To Lower-Than-Expected Revenue
Education Images/Universal Images Group via Getty Images Key takeaways 3M posted lower-than-expected revenue for the fourth quarter of 2022 The company is cutting approximately 2,500 jobs 3M stock pri...
1606 Corp Now Trading under Ticker CBDW, Management Announces First Acquisition
1606 Corp, aka CBD.Inc, agrees to buy 51% of Brio Nutrition Pending Ongoing Financial Audit Phoenix, AZ –News Direct– 1606 Corp McapMediaWire— 1606 Corp (OTC: CBDW), an acquisition-b...
I say thumbs up to MP Materials
RPC Inc: “I want you to hold [onto] it.” Marvell Technology Inc: “You don’t want to buy until it reports. After it reports, we’re going to take a solid look at it. …...
Jay Leno Broke Collarbone In Motorcycle Accident Just Months After Garage Fire Injuries
Topline Comedian Jay Leno was injured in a motorcycle accident earlier this month, he told the Las Vegas Review-Journal, just months after he sustained serious third-degree burns on his body and face ...
Verizon Stock Has A Bumpy Ride After Just Meeting Expected Earnings
Verizon Getty Images Key takeaways Verizon met analysts’ expectations for adjusted earnings per share and revenue Verizon was able to add a large number of new wireless subscribers in the fourth quart...
2 LiDAR Stocks Under $10 With Over 100% Upside Potential; J.P. Morgan Says ‘Buy’
Every so often, some technological advance comes along that forever alters the world we live in. Henry Ford’s assembly line brought cars to the masses, the internet has changed the way we communicate,...
Strong earnings from Tesla, United Rentals helped lift market
CNBC’s Jim Cramer said that Thursday’s rally is thanks to a batch of strong company earnings. “I’ve said over and over again that during earnings season, what matters is compan...
“Please Don’t Tell Me I Look Good For My Age” Time To Get Age Appropriate
Please don’t say I look good for my age… In this era of diversity and inclusion, race, sex, … [+] ability and age should all be represented positively and regularly on our catwalks, ...
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Boeing’s Terrible Earnings Have Left Wall Street More Bullish. Here’s Why.
Free cash flow at commercial aerospace giant Boeing has stabilized. Earnings, however, are all over the place. That isn’t bothering Wall Street, though—the stock remains attractive and target prices a...