Month: March 2022
This is one of Goldman’s best-performing stock portfolios this year for clients
The investment bank assembled a pool of stocks that would benefit from surging interest rates. Source
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Virgin Voyages CEO: We’ve seen cruise bookings skyrocket 125% since January
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The CDC has lifted its risk advisory for cruise travel. Tom McAlpin, Virgin Voyages CEO and president, joins ‘Squawk on the Street’ to cruise demand in recent months and what cruise lines can do to bring passengers back on board. Source
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Jeff Bezos’ Blue Origin launches first New Shepard space crew of 2022
The NS-20 crew, from left to right: Gary Lai, George Nield, Jim Kitchen, Marty Allen, Sharon Hagle, and Marc Hagle. Blue Origin Jeff Bezos’ Blue Origin launched its New Shepard rocket for the first time this year on Thursday, as the company sends more passengers on short trips to space. Called NS-20, this New Shepard […]
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Russian troops sabotaging their own equipment and refusing orders in Ukraine, UK spy chief says
Jeremy Fleming, director of U.K. intelligence agency GCHQ, pictured in November 2019. Fleming delivered a speech in Canberra, Australia on Thursday in which he addressed the war in Ukraine. Joe Giddens | PA Images | Getty Images Russian President Vladimir Putin has misjudged the situation in Ukraine, but his advisors are scared of telling him […]
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Machine-parts start-up Hadrian raises $90 million as it seeks to shake up the aerospace supply chain
The exterior of the company’s factory in Hawthorne, California. Hadrian Machine-parts start-up Hadrian Automation raised $90 million in a new round of funding led by venture firms Lux Capital and Andreessen Horowitz, as the company works to build largely-automated factories to transform the aerospace supply chain. “We’ve launched Factory #1 and proven that we can […]
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UiPath shares dive 24% on weak outlook
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Shares of UiPath fell 24% on Thursday morning after the enterprise automation software company reported weak outlook for the fiscal first quarter of 2023. Here’s what UiPath reported Wednesday after the bell for its fiscal fourth quarter: Earnings: 5 […]
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How Atlassian’s dual-CEO structure has helped the Australian software company thrive
Atlassian’s founders and co-CEOs, Scott Farquhar, left, and Mike Cannon-Brookes. Atlassian In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In early March, collaboration software maker Atlassian published a blog post titled, “Atlassian stands with Ukraine,” laying out the company’s plans to support employees […]
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Higher taxes at Calvin Klein owner PVH will hit profits and hold back stock gains, Morgan Stanley says
Higher taxes will hurt this apparel company known for brands like Calvin Klein and Tommy Hilfiger, says Morgan Stanley. Source
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The Fed’s preferred inflation gauge rose 5.4% in March, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday. Excluding food and energy prices, the personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983. Including gas and […]
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Charlie Munger warns Gen Z investors: It’s ‘way harder’ for recent college graduates ‘to get rich and stay rich’
Charlie Munger has been managing investments for a long time — and the billionaire says it’s never been harder for young people to make and keep their money. In February, at publishing company Daily Journal Corporation’s annual meeting, Munger said that successfully navigating the investment world has gotten a lot harder over the past few […]
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