Business
With few new cars on lots, U.S. auto sales likely fell sharply in the first quarter, analysts say
New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, industry analysts say, as an ongoing shortage of new vehicles has left car-shoppers with few – and often expensive – choices. […]
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Investor Kyle Bass: Globalization isn’t over, just don’t invest in countries run by despots
Kyle BassThe Russia’s unprovoked war against Ukraine is not a death knell for globalization but should be a wake-up call about the risks of investing in countries that aren’t democracies, Texas hedge fund manager Kyle Bass said on CNBC on Thursday, “You don’t have to paint it with that broad of a brush,” the founder […]
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Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is very powerful, even if people know that it’s not really free because someone is paying for it,” Kara Buntin, owner of the Etsy […]
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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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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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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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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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Kohl’s calls on shareholders to reject activist Macellum’s proposal ahead of annual meeting
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Thursday sent a letter to shareholders in which it pushed back against activist investor Macellum’s campaign to add new directors to the retailer’s board. In the […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to wrap up strong month but weak quarter Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters U.S. stock futures were […]
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Five Below shares can surge nearly 28% as store openings drive growth, Citi says
Investors looking for bargains should look at shares of Five Below, according to Citigroup. Source
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