business news
Amazon gets rare neutral rating from Rosenblatt, which says inflation will hurt retail sales
The firm is ‘unconvinced’ Amazon’s core businesses in online stores and third party services will recover growth after stalling at the end of last year. Source
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J&J lowers 2022 revenue and earnings expectations, stops giving Covid vaccine sales guidance
Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images Johnson & Johnson on Tuesday lowered its full-year sales and earnings outlook, and stopped providing Covid-19 vaccine revenue guidance due to a global supply surplus and demand uncertainty. J&J is now forecasting 2022 sales of $94.8 […]
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Battle for Donbas: 3 reasons why Russia is shifting its war machine to east Ukraine
A tank belonging to pro-Russian rebels is seen in separatist-controlled Donetsk, Ukraine on March 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images The “battle for Donbas” looks to be underway in Ukraine, as Russia concentrates its war machine on the eastern region — a major strategic, political and economic target for the Kremlin. […]
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Goldman downgrades Roblox, says user growth could slow in post-pandemic world
The gaming company’s stock performance will be hindered in the near term, but analysts say the company’s long-term outlook is intriguing. Source
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Mercedes-Benz unveils its new electric EQS SUV built in the U.S.
Mercedes-Benz electric EQS SUV Mercedes-Benz Mercedes-Benz on Tuesday took the wraps off its new EQS SUV, its first fully electric SUV built domestically for the U.S. market. The vehicle is the sibling of the EQS sedan, released last year, but with seating for up to seven people and a taller, bubblier stance. It is expected […]
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Buy WeWork as profitability is within reach, Piper Sandler says
A focus on growing revenue and cutting costs could boost the co-working space to achieve positive cash flow within two years, analysts say. Source
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Ukraine says phase two of the war has begun as Russia begins offensive in the Donbas
‘Second phase’ of war has begun, Ukraine’s chief of staff says Russia’s offensive in Ukraine has entered its second phase, a top Ukrainian official said. “Donbas. The second phase of the war has begun, but I will tell you, believe in the Armed Forces,” Andriy Yermak, President Zelenskyy’s chief of staff, said in a Telegram post, […]
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Soaring inflation is hitting retirement savings hard. Here’s how best to manage yours
Brianajackson | Istock | Getty Images As inflation soars to record highs, retirement savings are feeling the pinch, making it even more important to make sure yours is working for you. U.S. inflation rose 8.5% annually in March to hit a fresh 40-year high as the war in Ukraine pushed up energy costs, the latest […]
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Fintechs are under pressure to stop Russian sanctions evasion. This start-up raised $94 million to help
Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Images LONDON — Seon, a start-up that helps fintech companies like Revolut tackle online fraud, has raised $94 million to develop new tools for […]
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Australia’s central bank is closer to raising rates as inflation rises, minutes show
The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and labor market tightens, minutes of its April policy meeting showed on Tuesday. David Gray | Bloomberg | Getty Images […]
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