Month: April 2022
Nordstrom leadership reclaims oversight of struggling Rack business as executives retire
Nordstrom Rack in downtown Seattle Getty Images Nordstrom on Monday announced it is streamlining leadership of its struggling Rack business with that of its full-line department stores, as two executives retire and company veterans reclaim oversight. Scott Meden, Nordstrom chief marketing officer, and Geevy S.K. Thomas, Rack president, will both be moving on, the department […]
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Twitter on track for its best day since IPO after Musk buys in
Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Twitter stock is on track for its best day since its IPO, with shares up more than 29%, after an SEC filing revealed Musk acquired a 9.2% passive stake in the […]
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‘It’s now or never’: World’s top climate scientists issue ultimatum on critical temperature limit
The IPCC has warned that about half of the world’s population is now acutely vulnerable to disasters stemming from the burning of fossil fuels. Bloomberg | Bloomberg | Getty Images The fight to keep global heating under 1.5 degrees Celsius has reached “now or never” territory, according to a new report released Monday by the […]
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EU’s new Russia sanctions to likely include steel, luxury goods, jet fuel and more, sources say
European Commission President Ursula von der Leyen delivers a speech during a plenary session of the European Parliament at the EU headquarters in Brussels, on March 23, 2022. John Thys | AFP | Getty Images LUXEMBOURG — The European Union is working on a new package of sanctions against Russia that is likely to restrict […]
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Investing Club: Here’s our April rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
Ahead of our Monthly Meeting this Thursday, we are providing the Club with a quick refresher on all the holdings in the portfolio. Source
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Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more
Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The purchase came weeks after the Tesla CEO polled […]
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FDA says Covid vaccines may need to be updated to ensure high level of effectiveness against virus
A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, U.S., on Wednesday, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The currently approved Covid-19 vaccines may need an update to ensure a high level of protection as the virus […]
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U.S. authorities accuse Russian oligarch Viktor Vekselberg of bank fraud, money laundering as his yacht is seized
The yacht called “Tango” owned by Russian billionaire Viktor Vekselberg, who was sanctioned by the U.S. on March 11, is seen at Palma de Mallorca Yacht Club in the Spanish island of Mallorca, Spain March 15, 2022. Juan Medina | Reuters U.S. authorities accused Russian oligarch Viktor Vekselberg of conspiring to commit bank fraud and […]
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Tiger Woods turns up at Augusta National in FootJoy golf shoes, not Nike
A detail of the shoes of Tiger Woods of the United States as he warms up in the practice area prior to the Masters at Augusta National Golf Club on April 03, 2022 in Augusta, Georgia. Gregory Shamus | Getty Images Tiger Woods didn’t wear the iconic Nike swoosh on his feet when he stepped […]
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Why Starbucks shareholders are taking the buyback suspension so hard
The coffee giant is one of the few companies that has aggressively bought back stock and succeeded in reducing their share count over the years Source
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