business news
Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” […]
Read More
Teva lied about opioid role, New York says
New York Attorney General Letitia James speaks during a press conference at the Office of the Attorney General in New York on May 9, 2022, to make an announcement about protecting access to abortion. Timothy A. Clary | AFP | Getty Images New York’s attorney general on Monday said Teva Pharmaceutical Industries lied to evade […]
Read More
Costco CEO’s one-word answer to whether he would raise the price of hot dogs: ‘No’
Some good news for inflation-weary Americans: There will be no price hike on Costco’s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item’s price: “No.” Costco has continued to put up strong sales, even […]
Read More
India set to overtake China as the world’s most populous country in 2023, UN says
People photographed in Bengaluru, Karnataka, India. According to the UN, India is home to over 1.4 billion people. Peter Adams | Stone | Getty Images India is on track to overtake China as the planet’s most populous country next year, according to a U.N. report published on Monday. The report, from the population division of […]
Read More
Boris Johnson is going, and strategists are betting on big changes to the UK economy
British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Henry Nicholls | Reuters LONDON — U.K. Prime Minister Boris Johnson’s eventual successor is likely to bring forth greater fiscal support and less-fractious relations with the European Union, according to economists. Johnson formally resigned as leader of the […]
Read More
Shares of Mattel could see more than 30% upside on TV and movie releases, Goldman Sachs says
A slate of recent and upcoming TV and film content releases including Minions and Barbie will buoy shares of Mattel, according to Goldman Sachs. Analyst Michael Ng upgraded Mattel to buy from neutral, saying in a Sunday note that the toymaker has a number of promising developments in its pipeline. “Against the backdrop of increasing […]
Read More
Bernie Ecclestone: Former F1 boss to be charged with fraud over assets worth more than £400m
Getty Images | Getty Images Sport | Getty Images Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation over an alleged failure to declare £400m of overseas assets to the government. The charge against the 91-year-old was authorised by the Crown Prosecution Service (CPS) on Monday following an investigation by […]
Read More
Bank of America upgrades Honeywell to buy, citing potential growth in aerospace and oil and gas
Bank of America said investors should consider shares of Honeywell , which has an attractive mix of end markets that will benefit from broader manufacturing trends. Analyst Andrew Obin upgraded shares of Honeywell to buy from neutral, and maintained its price target, saying in a Monday note that he approves of the company’s execution and […]
Read More
Pregnant Texas woman says unborn baby should count as car passenger after receiving HOV ticket
Emilija Manevska | Moment | Getty Images A pregnant Texas woman said her unborn baby should count as a second passenger in her vehicle after she received a ticket, citing Texas’ penal code in the wake of Roe v. Wade’s being overturned. Brandy Bottone, 32, of Plano, was pulled over June 29 after she drove […]
Read More
Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid in premarket trading after Elon Musk announced late Friday that he was abandoning his $44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las Vegas […]
Read More