Over the past couple of years, the effects of Covid-19, social activism and economic uncertainty have profoundly impacted women’s attitudes about their finances, according to a UBS survey. Nearl...
Tag: business news
Why one stock brokerage is bullish on Reliance Industries and Infosys
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunicat...
ARK Invest’s Cathie Wood says the U.S. is already in a recession
Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation. “We think we are i...
UK unlikely to return to mandatory Covid-19 restrictions as cases rise
More than 1.7 million Brits — or around 1 in 35 people — tested positive for Covid in the week to June 18, the latest data from the U.K.’s Office for National Statistics showed Friday. Adrian De...
New York Fed President John Williams says a U.S. recession is not his base case
New York Federal Reserve President John Williams said Tuesday he expects the U.S. economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation. R...
Nike, Spirit Airlines and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel a...
China cuts quarantine for overseas travelers, easing Covid controls
For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers ...
Credit Suisse to overhaul its risk management after Archegos and other scandals
A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahe...
Forget Klarna? Investors bet new startups will in ‘buy now, pay later’
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “spe...
Nike (NKE) earnings Q4 2022 earnings
Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday said demand for sneakers and sportswear largely held up in the...
U.S. may lose silicon wafer factory if CHIPS Act isn’t funded
U.S. Commerce Secretary Gina Raimondo told CNBC’s Jim Cramer on Monday that she believes GlobalWafers will follow through on its plan to build a silicon wafer factory in Texas — but only if Cong...
Investors could do ‘a lot worse’ than FedEx here, Jim Cramer says
CNBC’s Jim Cramer on Monday told investors that while the market has yet to overcome the challenges threatening to create a recession, FedEx stock might be able to weather the turbulence. “...
American Airlines’ Envoy Air offers pilots triple pay for July trips
American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images ...
Only 20% of U.S. workers in office three days or more: IBM CEO
As major American corporations began to welcome workers back in the spring, they were surprised by what they saw: fewer employees than they expected who wanted to return to offices. That was the case ...
Mixed inflation data might be necessary for a soft landing
CNBC’s Jim Cramer on Monday told investors that while the market remains volatile as it receives contrasting signals about the state of inflation, the seesawing could give way to a soft landing....
JetBlue ups offer for Spirit Airlines ahead of shareholder vote
JetBlue Airways again increased its offer for Spirit Airlines with a shareholder vote for the discounter’s deal to merge with Frontier Airlines just days away. Frontier sweetened its offer on Fr...
Avoidable or inevitable recession? Billionaire David Rubenstein’s view
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein...
Pelosi unveils abortion rights proposals after ruling
Speaker of the House Nancy Pelosi (D-CA) finishes a news conference after the U.S. Supreme Court struck down Roe v Wade, which guaranteed a woman’s right to an abortion, in the Capitol Visitors ...
CVS capping purchases of Plan B pills to ensure consistent supply
Protesters outside the Supreme Court following the overturning of Roe v. Wade. Brandon Bell | Getty Images News | Getty Images CVS is limiting the number of the emergency contraceptives commonly known...
JPMorgan keeps dividend unchanged as Bank of America, Morgan Stanley raise payouts
A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters JPMorgan Chase and Citigroup said Monday that increasingly stringent ca...
Trump SPAC deal threatened by criminal probe
Former U.S. President Donald Trump applauses during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Shannon Stapleton | Reuters A federal criminal investi...
Stock index futures inch higher following a losing day Monday
Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones...
Pending home sales post surprise increase in May
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on ex...
Anti-abortion states split on enforcing ban, whether to prosecute doctors, surveil women
Thousands take to the streets to protest in New York City. Anadolu Agency | Anadolu Agency | Getty Images The Supreme Court ruling overturning Roe v. Wade is not only splitting the country into states...
Hackers can now bring cargo ships and planes to a grinding halt
Container cargo ships sit off shore from the Long Beach/Los Angeles port complex in Long Beach, CA, on Wednesday, October 6, 2021. Jeff Gritchen | MediaNews Group | Getty Images Armed with little more...
How to find a hidden spy camera in hotel rooms and rental homes
Nearly 60% of Americans said they were worried about hidden cameras in Airbnb homes in 2019. And 11% of vacation home renters said they had discovered a hidden camera during a stay, according to a sur...
Brookfield’s Mark Carney on the firm’s new $15 billion bet on the clean energy transition
(Click here to subscribe to the Delivering Alpha newsletter.) Brookfield Asset Management announced last week that it raised a record $15 billion for its inaugural Global Transition Fund. This marks t...
SPACs wipe out half of their value as investors lose appetite for risky growth stocks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most ha...
Coinbase, Spirit Airlines, Robinhood and more
Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told S...
S&P 500 is little changed as stocks struggle to maintain their comeback from bear market lows
U.S. stocks wavered over the flat line Monday following a major rebound last week from this year’s steep declines. Wall Street is preparing to wrap up the worst first half for stocks in decades....
Wall Street layoffs likely ahead as two-year hiring boom turns to bust
People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and ...