The CEO of Portuguese utility EDP has linked the rapid adoption of renewables to Europe’s energy independence, telling CNBC that investment in the sector needed to be “much faster.” ...
Tag: Business
Companies Are Starting to Worry About the Russia Issue
Text size The Alcoa headquarters in Pittsburgh. CEO Roy Harvey said a Russia-Ukraine conflict could affect demand. Justin Merriman/Bloomberg The standoff between Russia and Ukraine has been causing pa...
Ukraine Is Weaponizing Corporations Against Russia—Using Lawfare
Kyiv Territorial Defence unit train on a Saturday in a forest on January 22, 2022 in Kyiv, Ukraine. … [+] Across Ukraine thousands of civilians are participating in such groups to receive basic ...
IRS to activate second ‘surge’ team to handle millions of backlogged tax returns
Two weeks ago, the Internal Revenue Service said it was reassigning 1,200 staffers as a “surge team” of reinforcements tasked with cutting into a backlog that included millions of unprocessed returns ...
Rodent infestation leads to recalls at more than 400 Family Dollar stores
A woman walks by a Family Dollar store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Discount chain Family Dollar is voluntarily recalling several of its ...
Olaf Scholz says West must keep Russia guessing on sanctions
German Chancellor Olaf Scholz on Saturday rejected calls from Ukraine’s president to sanction Russia now, saying that Moscow should not be sure “exactly” how the West will respond to...
Lufthansa Group to suspend Kyiv, Odessa flights
Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. Kai Pfaffenbach | Reuters Lufthansa Group said it would suspend service to Kyiv and Odessa, starting Monday,...
Here’s what the end of Covid tax breaks means for business owners
Samuel Corum/Bloomberg via Getty Images Rules around small business taxes have changed significantly in the last two years. This year is no exception as many of the various pandemic-era deductions and...
Liquidation services resell returned items, a $644 billion business
Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Targe...
Business Banking Services Provider Found Raises $60 Million
Found, an emerging financial services firm, announced recently that it has secured $60 million in the latest funding round to increase the adoption of business banking services. The funding round, whi...
Dow Jones Retreats As Russia Makes Ukraine Move; Roku Crashes; GE Stock Dives| Investor’s Business Daily
The Dow Jones Industrial Average retreated amid rising fears a Russia invasion of Ukraine may be imminent. Roku (ROKU) cratered following its earnings report while Ford (F) motored higher on reports o...
Opinion: How to invest like a millionaire and build wealth for retirement
Over the course of my career, I’ve had the opportunity to work with multiple self-made millionaires. Though they come from varied backgrounds, these investors have a few key habits in common—ones that...
Renault says chip shortage means 300,000 less cars in 2022
Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer ...
What’s behind the congestion at U.S. ports
The Port of Los Angeles, the busiest port in North America, saw record volume in 2021. Container volume at the port, including imports like furniture and apparel, surged to a record 10.6 million TEUs ...
Victoria’s Secret hires Sofia Jirau, its first model with Down syndrome
Sofia Jirau, a 24-year-old Puerto Rican woman with Down Syndrome, stars in Victoria’s Secret’s latest campaign for its lingerie. Source: Victoria’s Secret Victoria’s Secret sai...
Texas led the country in new renewable energy projects last year
Transmission towers are shown on June 15, 2021 in Houston, Texas. The Electric Reliability Council of Texas (ERCOT), which controls approximately 90% of the power in Texas, has requested Texas residen...
Binance Invests $200 Million Into the Business Magazine and Digital Publisher Forbes – Coinotizia
Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine...
Covid risks have reduced but another pandemic will come
Bill Gates said Friday that the risks of severe disease from Covid-19 have “dramatically reduced” but another pandemic is all but certain. Speaking to CNBC’s Hadley Gamble at Germany...
No strategy to increase prices despite dim fourth quarter
French luxury goods brand Hermes said Friday it has “no strategy” to significantly increase prices of its prized products despite disappointing fourth quarter results which saw supply fail...
Elon Musk’s SpaceX to split its private stock 10-for-1
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Mus...
Walt Disney World increases prices for multiday, Park Hopper tickets
A guest takes a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020. (Photo by Olga Thompson/Walt Disney World Resort via Getty Images) Walt Disney World Resort is raising ticket...
GM discontinues once-promising Marketplace app that allowed you to shop while driving
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ...
Ford shares pop on report of potential spinoff of EV business
Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayla...
Mattel unveils its strategy for its next leg of growth
Mattel Barbie brand dolls are arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, April 16, 2018. Bloomberg | Getty Images With its toy business on better footing, Mattel said Friday it ...
DraftKings, Roku, Deere and others
Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss a...
Museums are in a race to save America’s treasures from climate change
The nation’s museums are facing increased flooding and more frequent wildfires, and all that history inside is at risk. The value at stake is incalculable. Now the rush is on to make the structu...
Calling Out ‘Emperor’ Larry Fink
When you’re 98 years old you can say things others can’t, so bravo to Charlie Munger for daring to speak an important but too muffled truth about today’s financial markets. “We have a new bunch of emp...