BEIJING–U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grap...
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Daughters Of Billionaires Take Their Place In India’s C-Suites
This story is part of Forbes’ coverage of India’s Richest 2022. See the full list here. ss Indian tycoons have long favored their sons to carry their legacies forward. But in a sign of changing times,...
Moderna Stock Takes Off on Cancer Vaccine News
Moderna stock shot up after Merck said it is exercising an option to work on a personalized cancer vaccine with the Covid-19 vaccine maker. Merck (ticker: MRK) will pay Moderna (MRNA) $250 million for...
Murugappa Family Scions Change Lanes To Electric Vehicles
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Arun Murugappan, chairman, Tube investments of India. Courtesy of Murugappan Group This story is part of Forbes’ c...
What stock-market investors will be watching in Thursday’s U.S. inflation report
Hotter-than-expected U.S. consumer-price index readings have triggered some of the stock market’s biggest one-day selloffs in 2022, serving to focus investor attention ahead of the latest measure of r...
India’s Kamath Brothers Thrive On Moves To Disrupt Share Trading
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Nithin Kamath Courtesy of Zerodha This story is part of Forbes’ coverage of India’s Richest 2022. See the full lis...
Dow Jones Falls After Fed Minutes; Solar Stocks Fall; Microsoft’s $69 Bil Battle For Activision Continues
The Dow Jones Industrial Average ended a day of choppy trading with a 0.1% drop. The morning’s 0.2% uptick faded early, but the index built momentum after the Fed’s minutes release at 11 a...
Beverly High Rye Introduces Blended American Whiskey To Los Angeles Luxury
The Beverly High Rye at Nobu in Malibu, CA. Beverly High Rye For years, “blended” has existed as a dirty word in the world of American whiskey. That’s because the United States’ unique labeling laws a...
5 Chip Stocks for Investors Who Want to Buy the Dip
Text size Cowen has a $70 price target for Marvell Technology Remusrigo/Dreamstime It has been a rough year for chip stocks, but investors should look beyond short-term weakness. Five semiconductor st...
The Mistry Family’s Double Tragedy Leaves A Vacuum At The Shapoorji Pallonji Group
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Pallonji Mistry Dhiraj Singh/Bloomberg This story is part of Forbes’ coverage of India’s Richest 2022. See the ful...
How the Fed Might Slow Down
“Move fast and break things,” hasn’t been such a great corporate slogan lately. It might not be a very good slogan for Federal Reserve policy, either. Minutes to the Fed’s September rate-setting meeti...
Indian Billionaire Pharma Brothers Get Boost From Their Go-To Pandemic Drug
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Dilip Surana Courtesy of Dilip Surana This story is part of Forbes’ coverage of India’s Richest 2022. See the full...
Chip Gear-Maker ASML Tells US Employees to Stop Working With Customers in China
(Bloomberg) — ASML Holding NV, the most advanced maker of equipment for producing semiconductors, told its employees in the US to refrain from servicing customers in China following new regulati...
For IndiGo’s Bhatias, Rising Fuel Costs Crimp Earnings At Their No-Frills Carrier Even As Passengers Return In Droves
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Rahul Bhatia Rajat Ghosh for Forbes This story is part of Forbes’ coverage of India’s Richest 2022. See the full l...
Nearly half of Americans earning more than $100K now report living paycheck to paycheck — here are the consequences
Nearly half of Americans earning more than $100K now report living paycheck to paycheck — here are the consequences Americans are still grappling with high inflation — the consumer price index was 8.3...
Commodities Billionaire Kumar Birla Bets On Growth, Braces For Competition
This story appears in the October 2022 issue of Forbes Asia. Subscribe to Forbes Asia Kumar Birla Dhiraj Singh/Bloomberg This story is part of Forbes’ coverage of India’s Richest 2022. See the full li...
What Dimon’s ‘Easy 20%’ Drop in the S&P 500 From Here Looks Like
(Bloomberg) — JPMorgan Chase & Co.’s boss Jamie Dimon says the US stock market could suffer another “easy 20%” drop, which would push the benchmark index below 3,000 — a level it hasn’...
Collective Wealth Rises To $800 Billion, Thanks To Boost From Gautam Adani, One Of The World’s Richest Tycoons
Gautam Adani Forbes Asia This story is part of Forbes’ coverage of India’s Richest 2022. See the full list here. India’s post-pandemic demand revival powered its economy to become the fifth-largest in...
IMF Reduces Expectations of Global Economic Growth for 2023, Alarms for Recession
Recently the International Monetary Fund came up with a crucial insight which is sufficient to put the market into distress. The IMF expected a slump in the growth of the global economy for the upcomi...
Netflix Produced A Record 1,024 Original Television Episodes This Quarter
Topline Netflix released a 1,024 episodes of original television content in the third quarter of 2022 alone according to a new report, a new record for the platform and more than five times that of an...
The Bearish Downturn Is Still on as the Cryptocurrency Markets Struggle to Keep Support
The cryptocurrency markets still have trouble after failing to hold support last night, adding to the downward pressure this Wednesday. With a price of $19,103, bitcoin is still trading below the $20,...
Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection
‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection The global oil m...
Ex-TMZ Staffer Says Star Praised Hitler, Podcast Kills Interview
Topline New allegations about Kanye West’s history of anti-Semitic remarks surfaced amid a cascade of recent statements from the rapper about Jews, with a former TMZ staffer claiming that West said he...
Intel’s Workforce Reduction and Organizational Restructuring Not Enough, Fears Analyst
BofA analyst Vivek Arya maintained an Underperform on Intel Corp (NASDAQ: INTC) and a $30 price target. Two separate media reports suggested INTC’s plan to reduce its marketing and sales headcount by ...
Temple DAO and MangoMarkets lost Millions in hack
Today, reports are coming of a hack on the TempleDAO yield farming protocol. The warning emerged from blockchain security company PeckShield on October 11. According to the report, the hac...
ACT College Admission Test Scores Drop To 30-Year Low As Effects Of Covid-Era Online Learning Play Out
Topline High school students’ ACT college admission test scores fell to a three-decade low in 2022, according to a new report released Wednesday, falling for the fifth straight year as educators grapp...
Dow Jones Reverses On Hot Inflation Data; Fed Minutes Next; PepsiCo Jumps On Earnings
The Dow Jones Industrial Average reversed higher Wednesday despite hot inflation data from the producer price index. Minutes from the Federal Reserve’s latest policy meeting are due out later in...
Sierra Nevada Brewing And Colonel E.H Taylor Bourbon’s Collaboration Beer Is A Happy Accident.
The 7-year-old Colonel E.H.Taylor Bigfoot Bigfoot beer is Sierra Nevada’s booziest creation ever. Sierra Nevada Brewing Company Beer aficionados can thank an unexpected decline in sales in 2015 ...
Opinion: Five sentiment indicators are telling us it’s time to buy stocks, especially this one group
If you are positive on the direction of the stock market and feeling lonely about it, that’s actually a good sign. Historically, whenever most investors are extremely negative, the market is a buy. I’...