Month: April 2022
American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes to pet food to toilet paper. But to master a business function that became critical […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures mixed after Fed’s Powell knocked markets for a loop Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square. Eric Thayer | Reuters U.S. stock futures were mixed Friday, one day following an afternoon market […]
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Ferrari to recall more than 2,000 cars in China over braking issues
The Ferrari 458 Italia. Ferrari Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday. The recall covers the 458 Italia, 458 Speciale, 458 Speciale A, 458 Spider, 488 GTB and 488 Spider series models, the […]
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Stocks making the biggest moves premarket: American Express, Verizon, Kimberly-Clark and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rose 1.2% in the premarket after reporting better-than-expected profit and revenue for the first quarter. Amex reported a profit of $2.73 per share compared with the $2.44 consensus estimate, helped by increased spending by millennial and Gen-X consumers as well […]
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Pennsylvania’s GOP Senate primary draws backing from some of Wall Street’s biggest billionaires, making it one of the most expensive midterm races
Wall Street executives are pouring millions of dollars into the Republican primary race for Pennsylvania’s open U.S. Senate seat — where veteran physician Dr. Mehmet Oz and former Bridgewater CEO Dave McCormick lead in the polls — making the primary one of the most expensive in the 2022 midterm elections. During the first quarter, dozens […]
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Singapore is moving closer toward pre-pandemic living
Singapore is set to ease most Covid measures from April 26, authorities said. Lauryn Ishak | Bloomberg | Getty Images SINGAPORE — Singapore is set to remove nearly all virus safety measures from Tuesday as the city-state seeks to return to pre-Covid living, authorities announced on Friday. There will be no more social distancing or […]
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Airlines are seeing ‘positive momentum,’ but there are concerns, says Jefferies’ Sheila Kahyaoglu
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sheila Kahyaoglu, Jefferies aerospace, defense and airlines equity research analyst, joins CNBC’s ‘Squawk Box’ to react to earnings from major airlines. Source
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Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country’s unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts. This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in […]
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Digital banks aren’t doing enough to tackle financial crime, UK regulator warns
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. The Financial Conduct Authority on Friday published the findings of a review into financial crime controls at […]
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Ukraine says thousands could be buried in Mariupol mass graves; mayor appeals for full evacuation. Follow our live updates
EU urges citizens to work from home, drive less to reduce Russian gas reliance The EU is calling on people to switch up their habits in order to use less energy, which it says will help to reduce reliance on Russian gas. The EU imports roughly 40% of its natural gas from Russia. The European […]
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