World
We have to make sustainability commitments that we don’t know how we’re going to meet, CEO says
Companies have to set sustainability goals even if they don’t know how they’ll achieve them, the head of a white goods company told CNBC. “We have to make commitments that we don’t know how we’re going to meet, we have to commit to investing in technology and innovation and set the bar so high that […]
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As the U.S. 10-year Treasury yield keeps climbing, here’s what it means for China
BEIJING — The U.S. 10-year Treasury yield has risen rapidly to three-year highs, erasing its gap with its Chinese counterpart, something that hasn’t happened for more than a decade. As the yields cross paths – the U.S. one rising above China’s – that theoretically reverses an investment strategy that bought Chinese bonds for the greater return they offered […]
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Food prices aren’t falling anytime soon. Here are Credit Suisse’s stock picks to cash in
Soaring food prices will put a dent in our pockets but could also provide investors with an opportunity to cash in, according to Credit Suisse, which named a raft of stocks that it thinks could benefit. Source
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These stocks look attractive in a beaten-down tech sector, analysts say
The tide is turning for tech stocks, according to a number of analysts who reveal their top stock picks in the sector. Source
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Shares in Asia-Pacific edge higher as investors monitor Covid in China, yen moves
SINGAPORE — Shares in Asia-Pacific edged higher in Thursday morning trade as investors continue to watch China’s Covid situation along with moves in the Japanese yen. The Nikkei 225 in Japan gained 0.39% while the Topix index advanced 0.23%. South Korea’s Kospi climbed 0.31%. Over in Australia, the S&P/ASX 200 nudged fractionally higher. MSCI’s broadest […]
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Bill Ackman sells Netflix stake after post-earnings plunge
Ackman on Jan. 26 announced he purchased more than 3.1 million shares of Netflix, making him a top-20 shareholder. Source
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CDC asks Justice Department to appeal ruling that lifted travel mask mandate
EMS-FORSTER-PRODUCTIONS | DigitalVision | Getty Images WASHINGTON — The U.S. Centers for Disease Control and Prevention said Wednesday that it requested the Justice Department to proceed with an appeal of a ruling that lifted a travel mask mandate. The CDC said in a statement that it is “continuing assessment that at this time an order requiring […]
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Atlanta Apple store is the first to file for union election
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 An Apple retail store in the Cumberland Mall in Atlanta, Georgia, has filed for a union election, the Communication Workers […]
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U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
A view of partially destroyed building in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists on April 13, 2022. Leon Klein | Anadolu Agency | Getty Images For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia as the […]
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The latest U.S. sanctions against Russia target a digital currency company, a bank and another oligarch
US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images The U.S. Treasury Department announced Wednesday that it expanded its wide raft of sanctions […]
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