It has long been said that imitation is the highest form of flattery. The rapid development of technology, shortening the production chains and product life cycle, new distribution models developed by...
Tag: Corporate
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
Text size A Bank of America branch in New York. Victor J. Blue/Bloomberg Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earning...
Leading Tesla shareholder wants automaker to issue deliveries guidance above Wall Street estimates
You don’t see this very often. Leo KoGuan, who according to Bloomberg is the third-largest individual shareholder at Tesla TSLA, -1.82%, on Wednesday was publicly lobbying the company over Twitter on ...
Microsoft could have just kicked off a Big Tech gold rush, which helps videogame stocks but maybe not gamers
Microsoft Corp.’s agreement to buy Activision Blizzard Inc. would be the largest tech acquisition ever, and the chance it could prompt other Big Tech names to make their own acquisitions sent videogam...
Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser
The pain is piling up for equity investors after the long U.S. holiday weekend, with bond yields at levels not seen since early 2020, and oil prices tapping 2014 highs. The pace of Federal Reserve mon...
Why Advisors Say You Shouldn’t Pay Off Debt Now
Got debt? Don’t be so quick to dump it. That’s what financial advisors are telling clients with low-rate, fixed debt these days. “There’s never been a worse time to pay more than is required on fixed,...
Credit Suisse Chairman Quits After Breaching Covid-19 Rules
Text size António Horta-Osório, former chairman of Credit Suisse AFP via Getty Images Credit Suisse Chairman António Horta-Osório has resigned only 8 monthsafter being appointed, following a board inv...
Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind
BERLIN—A surge in luxury-car sales and the shifting of scarce semiconductors to the most profitable vehicles helped many auto makers achieve robust profits last year, even as sales of mainstream vehic...
Global stocks advance with U.S. exchanges shut as traders wait for earnings reports
Global stocks rose and U.S. futures were steady Monday, as investors focused on upcoming corporate earnings and rising interest rates with U.S. exchanges shut in observance of the Martin Luther King J...
Unilever skids after attempt to snag Glaxo’s consumer-health unit, as FTSE 100 climbs
Unilever shares slumped Monday as the consumer products giant suggested it might increase its offer for GlaxoSmithKline’s consumer health unit. Unilever ULVR, -7.02% fell 7% as Glaxo revealed it’s rej...
Up to three-quarters of the $800 billion PPP flowed to business owners instead of workers, study finds
The benefits of the landmark small-business relief program designed at the height of the pandemic mostly went to business owners rather than workers, a study from leading economists finds. The study f...
DirecTV to Drop OAN Conservative News Channel
DirecTV said Friday it plans to drop conservative news channel One America News Network, a move that could sharply reduce the pro-Trump channel’s audience. “We informed Herring Networks that, followin...
Russia-Ukraine Conflict Could Disrupt the Prices of These Commodities. What to Know.
The Nord Stream 2 gas pipeline in Russia would carry natural gas to Europe if approved by legislators. Andrey Rudakov/Bloomberg Text size Tensions between Russia and Ukraine are on the rise, and trade...
Banks’ Earnings Show Lenders Aren’t All the Same. It’s Time to Pick and Choose.
Text size JPMorgan Chase and Citigroup both reported declines in trading revenue. Justin Sullivan/Getty Images The time has come to take a stock-picking approach to investing in banks. That was the le...
Kroger employees are surrounded by food at work — but many struggle to afford food and rent, says a survey of 10,200 workers
Many supermarket workers struggle to put food on the table even as they help feed their communities, according to new research on Kroger KR, -0.73% employees released as the pandemic continues to expo...
Satellite TV Can’t Be Saved With a DirecTV-Dish Merger
Text size In some parts of the country where cable access is limited, Dish and DirecTV remain the only way to get pay-TV subscriptions. Daniel Acker/Bloomberg For 20 years now, Dish Network and rival ...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
Rocket Is a ‘Clear Industry Leader.’ The Stock is Upgraded Twice.
Text size A pedestrian wearing a protective mask passes in front of Rocket Companies Inc. signage displayed on The Chase Towers building, home to Quicken Loans, in Detroit, Michigan Emily Elconin/Bloo...