Month: May 2022
Buy these stocks to bet on the resilient U.S. consumer, Jefferies says
Investors looking for one of the biggest bargains in the downtrodden market should look no further than casual dining, according to Jefferies. Rising inflation and worries of a recession have driven shares of many casual dining stocks downward. But the dip may be over for now as the consumer is proving more resilient than anticipated, […]
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SEC unveils rules to prevent misleading claims and enhance disclosures by ESG funds
Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commission on Wednesday proposed two rule changes that would prevent misleading or deceptive claims by U.S. funds on their environmental, social and corporate governance (ESG) qualifications and […]
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McDonald’s shareholders to vote on proxy fight with Carl Icahn over animal welfare practices
Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s shareholders meeting on Thursday morning will mark the climax of a proxy fight waged by activist investor Carl Icahn, who is pushing for two seats on the fast-food giant’s board […]
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Twitter shareholders vote to boot Silver Lake co-CEO Durban, a long-time Musk backer, from board
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter shareholders on Wednesday voted to boot Egon Durban, the co-CEO and managing director […]
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Schumer says Democrats want to craft gun reforms with GOP after Texas school massacre
Senate Majority Leader Charles Schumer, D-N.Y., conducts a news conference after senate luncheons in the U.S. Capitol, on Tuesday, May 24, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images Senate Majority Leader Chuck Schumer pledged Wednesday to renew his efforts to pass stricter U.S. gun-control laws, but acknowledged that Republicans will likely block […]
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Pennsylvania announces recount of Senate GOP primary race between Dr. Oz, Dave McCormick
Republican U.S. Senate candidate Mehmet Oz greets supporters after the primary race resulted in an automatic re-count due to close results on May 17, 2022 in Newtown, Pennsylvania. Stephanie Keith | Getty Images Pennsylvania’s Republican Senate primary race between Dr. Mehmet Oz and Dave McCormick will head to a recount, the state’s elections chief announced […]
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Hedge funds bought into these outperforming industrial stocks, including Lockheed Martin
Hedge funds recently rotated into winning industrial stocks as their favorite growth darlings underperformed the market, according to RBC. The Wall Street firm analyzed stock-level holdings of 310 hedge funds based on the recently released regulatory filings, and it found that hedge funds’ overweight to the industrial sector hit a new high at the end […]
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Apple discourages retail employees from joining unions in internal video
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Deirdre O’Brien, Apple’s head of retail and human relations, told employees in a video this week that joining a union […]
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Saudi finance minister warns of growing global food crisis caused by Ukraine war
Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Several countries are raising the alarm over the growing crisis in global food supplies triggered by Russia’s invasion of Ukraine. The warring states are among the world’s top agricultural exporters and feed much of […]
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CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024
A person runs in front of the U.S. Capitol building during morning hours in Washington, February 10, 2022. Brendan McDermid | Reuters U.S. economic growth will exceed 3% in 2022, while roaring inflation has topped and will cool each month to around 2% by some point in 2024, according to a government forecast published Wednesday. […]
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