A new peer-reviewed study published Thursday in the journal Nature found global warming will drive 4,000 viruses to spread between mammals, including potentially between animals and humans, for the fi...
Tag: business news
Sixteen states sue Postal Service over plan to buy gas vehicles
United States Postal Service (USPS) workers load mail into delivery trucks outside a post office in Royal Oak, Michigan, August 22, 2020. Rebecca Cook | Reuters Sixteen states on Thursday sued the U.S...
What McDonald’s closures in Russia could mean for the country
Two months after the fall of the Berlin Wall in 1989, McDonald’s — the very symbol of Western capitalism — opened its first store in the Soviet Union. It was a big moment, and the restaurant dre...
Brooklyn Nets dysfunction weighs on business prospects
The Brooklyn Nets’ Kyrie Irving (left) has a pat for teammate Kevin Durant as the Celtics were expanding their lead in the second half of Game Four of their first round NBA playoff series at Bar...
Powerball’s $473.1 million jackpot has a winner. Here’s the tax bill
Joe Raedle | Getty Images News | Getty Images A single lottery ticket sold in Arizona is about to change someone’s life — after the IRS takes a piece of the windfall, of course. Wednesday night&...
McDonald’s (MCD) Q1 2022 earnings beat estimates
McDonald’s on Thursday reported better-than-expected earnings and revenue, fueled by price hikes in the U.S. and strong international sales growth. But the war in Ukraine and inflation in the fa...
What Ford, a 9-to-5 workweek pioneer, is learning about hybrid work
Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021. Aaron J. Thornton | Getty Images After several setbacks and delays due to the Covid-19 pandemic, Ford Motor Co. finally s...
Georgia is now the latest state to mandate personal finance education
Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, Januar...
1-800-Flowers (FLWS) reports fiscal Q3 2022 results
Chris McCann, CEO, 1-800-Flowers Scott Mlyn | CNBC Valentine’s Day wasn’t enough for 1-800-Flowers last quarter. Shares of the company, at one point halted for volatility, tumbled 17% Thur...
Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway‘s massive cash stockpile in recent weeks, snapping up an ins...
Why diesel prices are driving up the cost of everything
Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic — and is pushing up the cost of all kinds of...
Southwest Airlines 2022 profit forecast sees bookings, fares outpacing costs
A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines reiterated its forecast for second-quarter and 20...
Huawei’s first quarter revenue tumbles as smartphone sales plunge
Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — ...
Merck (MRK) earnings Q1 2022
Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, ...
Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...
China’s Beijing city loosens robotaxi rules for Baidu Apollo Go, Pony.ai
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in ...
Australia opens facility to convert human waste into fertilizer
A sewage treatment plant. The idea of reusing organic matter or waste in industrial processes and other initiatives is not a new one, and the last few years have seen a number of interesting projects ...
Hong Kong residents moving to Singapore, snapping up rental homes
Stifled by strict Covid restrictions in Hong Kong, residents from the financial hub are continuing to move to its rival, Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE — After eight years in ...
Carnival CEO Arnold Donald steps down as cruise industry aims for a refresh
Carnival‘s announcement Tuesday that Arnold Donald would step down as CEO of the world’s biggest cruise line came after some investors pushed back at a shareholders meeting earlier this mo...
Ford CEO Jim Farley says pricing has offset rising supply costs
Commodity prices continued to be a headwind for Ford Motor, CEO Jim Farley told CNBC’s Jim Cramer on Wednesday, but the company has managed to offset them through its pricing strategy. “Th...
Boeing lost billion dollars on Trump Air Force One plane deal
Boeing disclosed Wednesday that it has lost a whopping $1.1 billion in costs related to its deal with the Trump administration to modify two 747 jumbo jets to serve as Air Force One — and CEO Dave Cal...
Ford (F) earnings Q1 2022
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor is set to report its first-quarter results after the b...
How one European asset manager with $40 billion is weathering uncertainty in the region
(Click here to subscribe to the Delivering Alpha newsletter.) Mathieu Chabran helms Tikehau Capital, a European asset manager, which oversees $40 billion in private debt, real assets, private equity, ...