White-collar professionals are reaping big pay gains as worker bargaining power spreads across the U.S. economy and shows early signs of durability. Wall Street banks are boosting compensation for emp...
Tag: Corporate/Industrial News
Ponzi scheme behind patriotic vodka, once featured on ‘Fox & Friends,’ scammed investors out of $900,000 to pay IRS and Amex bills, prosecutors say
A Connecticut businessman has pleaded guilty to operating an unpatriotic Ponzi scheme that pocketed $900,000 from investors looking to buy a pro-veteran vodka company. Brian Hughes, 57, of Madison, Co...
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 ...
Week’s Best: Wealthy Investors Are Hanging On to Their Cash
Advisors take note: despite a January increase in consumer prices not seen in four decades, investors are stubbornly clinging to cash positions or cash equivalents like CDs, according to a new survey ...
GM Stock Has Tumbled. Director Patricia Russo Bought Up Shares.
Text size GM director Patricia F. Russo (Photo by Monica Schipper/Getty Images for Women’s Forum of New York) Monica Schipper / Getty Images General Motors stock has tumbled in 2022, and directo...
‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret
Elon Musk will happily broadcast a few choice words about U.S. senators, but he’s quieter when it comes to his philanthropy. There’s a good chance the public may never know which charity or charities ...
Coke, Walmart, and 8 More Companies That Boosted Their Stock Dividends
Text size Things go better with Coke, as the company’s long-ago jingle proclaimed. Things are also going better for the beverage company’s stockholders, thanks to the news that its dividend will be in...
CNN Parent Found Allison Gollust’s Remarks on Jeff Zucker Relationship Were Misleading
Allison Gollust resigned as CNN’s communications and marketing chief after the network’s parent determined she misled investigators about her relationship with former President Jeff Zucker and violate...
Intel CEO Pat Gelsinger Sees Company as the ‘Next Great Growth Story’
Text size Intel now expects to increase its annual revenue to grow 10% to 12% by 2025. Patrick T. Fallon/Bloomberg Intel CEO Pat Gelsinger said Thursday that the chip maker can be the stock market’s “...
Europe Looks Beyond Russia for Natural Gas. These Companies May Benefit.
The European Union will look to cuts it dependence on Russian natural gas. Andrey Rudakov/Bloomberg Text size It takes a brave investor to bet on the outcome of Vladimir Putin’s saber rattling around ...
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...
Redfin Stock Sinks. This Analyst Is ‘Throwing in the Towel.’
Text size Stephen Brashear/Getty Images for Redfin Shares of Redfin were falling sharply Friday after the online real estate brokerage said it expected a first-quarter loss wider than analysts’ estima...
Deere’s Earnings Are Good and the Stock Is Moving Higher
Text size John Deere tractors are displayed at Belkorp Ag in Santa Rosa, California. Justin Sullivan/Getty Images Deere ‘s fiscal first-quarter earnings, reported Friday, look just good enough to push...
DraftKings Earnings Beats Estimates. Why the Stock Is Tumbling.
Text size Courtesy of DraftKings DraftKings stock has tumbled 15% Friday despite the sports-betting company beating earnings estimates in the fourth quarter. The company raised its revenue guidance fo...
DraftKings Reports Earnings Friday. Investors Want to See a Path to Profits.
Text size The DraftKings Sportsbook at the Brook in Seabrook, N.H. Scott Eisen/Getty Images for DraftKings Show us the money. DraftKings shares (ticker: DKNG) have fallen more than 60% since Labor Day...
QuantumScape Stock Drops After Earnings. It’s Hard to Say Why.
Text size QuantumScape met its 2021 goals and is making progress in commercializing its battery technology. Courtesy QuantumScape Stock in electric vehicle battery technology provider QuantumScape is ...
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather than return that authority to the aircraft maker, which hasn’t been able to deliver any new Dream...
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...