Breaking News: Business
Wells Fargo shares fall as quarterly revenue misses estimates, bank says credit losses to increase
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending, but beat earnings expectations as the bank decreased its credit reserves. Wells Fargo shares lost 3% in premarket trading. Here are […]
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Kia unveils redesigned Niro EV and updated Telluride SUV
Kia on Wednesday unveiled its new lineup of Niro hybrid and EV crossovers as well as updates to its extremely popular Telluride SUV. Both nameplates are important to the automaker in different ways. The Telluride has been a surprise sales success for the company, while the new Niro models come as consumers are being squeezed […]
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Rent the Runway CEO sees inflation as a competitive advantage for the company
Rent the Runway sees the more than 2 million weddings planned for this year, and all the parties that come with them, as being a massive boon to its business. Plus, according to co-founder and Chief Executive Jennifer Hyman, Rent the Runway is reaping the benefits of consumers seeking value and stability during times of […]
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Starbucks is reportedly weighing better benefits for nonunion workers
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks’ campaign to dissuade baristas from unionizing could include extending new benefits exclusively to nonunion workers, The Wall Street Journal reported Wednesday. The company’s CEO, Howard Schultz, told […]
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Apollo’s head of sustainable investing says we need to speed up the transition toward clean energy
(Click here to subscribe to the Delivering Alpha newsletter.) Geopolitical tensions in Ukraine have had a massive impact on global energy supply chains and prices this year, reminding the world how reliant we are on fossil fuels and how far we are from a true shift toward clean energy. That shift will require $131 trillion in energy […]
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Activist investors are hunting targets in the SPAC market, but battles won’t be easy to win
Daniel Loeb, founder and chief executive officer of Third Point LLC Jacob Kepler | Bloomberg | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) The once red-hot SPAC market is becoming a fertile ground for activist investors who push for changes at problematic companies and profit from them. A record number of companies went […]
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Uninsured face surprise medical bills for Covid testing, hospital treatment after U.S. Congress fails to fund pandemic aid program
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (COVID-19) at Capitol Hill in Washington, D.C., September 30, 2021. Shawn Thew | Pool | Reuters People who don’t have health insurance are now being charged $100 or […]
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Delta ends $200 monthly health insurance surcharge on unvaccinated employees after Covid cases drop
A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Mike Blake | Reuters Delta Air Lines this month ended its $200 monthly surcharge on unvaccinated employees’ company health insurance, ending a pandemic policy designed to encourage staff to […]
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Biden administration to extend transportation mask mandate for 15 more days
Travelers wait in line at a Transportation Security Administration (TSA) screening checkpoint at Orlando International Airport on the Friday before Memorial Day. As more and more people have received the COVID-19 vaccine, American Automobile Association (AAA) is predicting more than 37 million Americans will travel more than 50 miles this Memorial Day weekend, many for […]
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WHO says Covid still a global public health emergency even as deaths fall to lowest level in two years
Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO), speaks during a news conference in Geneva, Switzerland, December 20, 2021. Denis Balibouse | Reuters The World Health Organization on Wednesday said Covid-19 remains a global public health emergency despite the fact that deaths from the virus have fallen to their lowest level since the […]
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