World
Nike shares rise as earnings top estimates on strong North America demand
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike on Monday reported earnings and sales for the fiscal third quarter that topped analysts’ estimates, thanks to robust demand in North America as consumers headed back to stores. […]
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Koch Industries’ campaign donations questioned after company’s decision to remain in Russia
More than two dozen U.S. lawmakers received roughly $110,000 in campaign contributions from Koch Industries in the weeks leading up to Vladimir Putin’s attack on Ukraine — money some ethics lawyers say should be returned given the company’s decision to maintain operations in Russia. U.S. lawmakers are being scrutinized for accepting campaigns contributions from the […]
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General Motors is creating an import business to send certain iconic vehicles to China
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles” from the U.S. The […]
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Buy like Buffett: These stocks have similar qualities as the insurance name Berkshire just bought
For those wanting to be a great value investor like Buffett, here are the stocks with similar characteristics as the one he just bought. Source
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Russia says Biden’s ‘war criminal’ claim has put relations ‘on the verge of rupture’
Russian President Vladimir Putin delivers a speech during a concert marking the eighth anniversary of Russia’s annexation of Crimea at Luzhniki Stadium in Moscow, Russia March 18, 2022. Alexander Vilf | Reuters The Russian Ministry of Foreign Affairs said it summoned U.S. Ambassador John Sullivan on Monday in Moscow to formally protest President Joe Biden’s […]
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Putin’s Russia looks increasingly desperate as Ukraine war nears stalemate, analysts say
Ukraine soldiers inspect the rubble of a destroyed apartment building in Kyiv on March 15, 2022, after strikes on residential areas killed at least two people, Ukraine emergency services said. Fadel Senna | Afp | Getty Images With Russia’s invasion of Ukraine now approaching its fourth week, President Vladimir Putin’s forces have exerted brutal force […]
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U.S. private equity giant pays $10.7 billion for SAP rival started in an English barn
Frank Calderoni, CEO of Anaplan. Adam Jeffery | CNBC U.S. private equity giant Thoma Bravo has bought British enterprise software firm Anaplan for $10.7 billion. The deal, announced Monday, will see Thoma Bravo pay $66 per share in an all-cash transaction. Anaplan was founded in 2006 in a barn in Yorkshire, England, by Guy Haddleton, […]
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German firms sign deals in UAE as Berlin seeks alternative energy supplies
Electricity transmission pylons beside the gas-fired power plant, operated by Uniper SE, in Irsching, Germany, on Wednesday, July 7, 2021. Michaela Handrek-Rehle | Bloomberg | Getty Images German companies have signed agreements with firms in the United Arab Emirates (UAE) to build up a hydrogen supply chain, Germany’s economy ministry said on Monday, as Berlin […]
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Russian bond yields spike as trading resumes after month-long pause
Some Russian assets returned to trading on Monday after almost a month on the sidelines, with bidding on OFZ government bonds open for limited hours on the Moscow Exchange. The Central Bank of Russia announced on Friday that trading in federal loan bonds would resume on a discrete auction basis between 10 a.m. and 11 […]
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Besieged Mariupol rejects Russia’s surrender ultimatum as deadline passes
Ukraine says Russia seizing food, goods to send back home A service member of pro-Russian troops in uniform without insignia is seen atop of a tank during Ukraine-Russia conflict in the besieged southern port city of Mariupol, Ukraine March 18, 2022. Alexander Ermochenko | Reuters Ukraine’s armed forces said in an update Monday morning that […]
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