Breaking News: Business
How one European asset manager with $40 billion is weathering uncertainty in the region
(Click here to subscribe to the Delivering Alpha newsletter.) Mathieu Chabran helms Tikehau Capital, a European asset manager, which oversees $40 billion in private debt, real assets, private equity, and capital markets. With a front row seat to the uncertainty and geopolitical tension in Europe, Chabran sat down with the Delivering Alpha newsletter to discuss the role […]
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Hedge funds attract the biggest inflows in 7 years on the back of market volatility
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. Brendan McDermid | Reuters (Click here to subscribe to the Delivering Alpha newsletter.) The hedge fund industry attracted its largest inflows in seven years during the first quarter as investors sought downside protection amidst a volatility […]
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GM’s first-quarter earnings surprised Wall Street but investors remain cautious
GM’s impressive beat and reaffirmed guidance weren’t enough to outweigh fears of analysts and investors of outside macro-economic factors. Source
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Boeing misses estimates as it grapples with delays on commercial, defense programs
A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher costs on both commercial […]
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SpaceX launches Crew-4 mission for NASA, has now sent 26 astronauts to space in under two years
A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft Freedom launches the Crew-4 mission from NASA’s Kennedy Space Center in Florida on April 27, 2022. Aubrey Gemignani | NASA SpaceX launched a group of astronauts for NASA early on Wednesday morning, with Elon Musk’s company now having sent 26 people to orbit in less than […]
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Walmart dangles deeper gas discounts to attract and retain members of subscription service
As prices climb at the grocery store and gas station, Walmart said Wednesday that it will offer deeper discounts on fuel to nudge more customers to join and renew Walmart+. Chris Cracchiolo, senior vice president and general manager of the subscription service Walmart+, said the everyday expense is on the minds of many shoppers, “especially […]
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Chipotle earnings beat estimates as customers paid more, helping offset surging costs
A customer sits outside of a Chipotle restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill’s quarterly earnings and revenue topped Wall Street’s estimates, fueled by consumers’ willingness to pay more for their burritos and bowls. Shares of the company rose 2% […]
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GM will start tying executive compensation to electric vehicle targets
General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022. Kevin Lamarque | Reuters DETROIT – General Motors will begin tying a “significant part” of […]
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General Motors maintains 2022 guidance despite rising costs and supply chain issues
DETROIT – Amid rising costs and supply chain instability, General Motors reaffirmed its earnings expectations for 2022 despite reporting a lower net profit and margin compared to a year ago. CEO Mary Barra and CFO Paul Jacobson described the first-quarter results as “solid” and a testament to actions the company has taken in recent years […]
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Pfizer asks FDA to authorize third dose for children 5 to 11 years old
Dr. Sandra Hughes prepares to administer a first dose of the Pfizer-BioNTech coronavirus vaccine (COVID-19) to Elise Langevina, 6, in Storrs, Connecticut, U.S., November 3, 2021. Michelle McLoughlin | Reuters Pfizer and BioNTech on Tuesday asked the Food and Drug Administration to authorize a third dose of its Covid vaccine for children ages 5- to […]
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