business news
Bitcoin falls below $40,000 for the first time in almost a month as investors assess global macro risks
A Bitcoin logo inside a BitBase cryptocurrency exchange in Madrid, Spain, on Thursday, March 17, 2022. Angel Navarrete | Bloomberg | Getty Images The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to […]
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Charlie Munger-linked Daily Journal cuts Alibaba stake in half
Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese ecommerce giant Alibaba in half. Source
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Philadelphia reinstates indoor mask mandate
A shopper wearing a protective mask as a precaution against the spread of the coronavirus selects fruit at the Reading Terminal Market in Philadelphia. Matt Rourke | AP With Covid-19 cases slowly rising, Philadelphia is bringing back its indoor mask mandate for public places, schools and day cares. Philadelphia announced Monday that, on April 18, […]
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Jaguar Land Rover and Hitachi are backing this unique battery recycler
Lithium-ion batteries are vital to a lower-carbon future. But they require a lot of energy to produce, especially when it comes to mining and refining the metals. The worldwide lithium battery market is expected to grow up to tenfold in the next decade, according to a recent report by the U.S. Department of Energy, showing […]
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Investing Club: We’re trimming our large position in Apple — here’s why
Our sale today is in line with what we said last week in our April Monthly Meeting, where we discussed the need to right-size this position the next time we had a chance. Source
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‘The war for talent’ continues. 40% of recent job switchers are again looking for a new position, survey finds
Cecilie_arcurs | E+ | Getty Images Two of every 5 workers who switched jobs over the past year are looking for work again, according to a new survey published by Grant Thornton, a consulting firm. These workers will likely account for a good deal of churn in the labor market as the so-called Great Resignation […]
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Elon Musk deletes tweets critical of Twitter after weekend barrage
Maja Hitij | Getty Images News | Getty Images Elon Musk went on a tweetstorm over the weekend, lobbing numerous critiques of Twitter. But the Tesla and SpaceX CEO appears to have deleted several of his spiciest takes, as he’s dropped his plan to join the social media company’s board. Musk’s tweets included suggestions on […]
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‘Wyndham is a top pick for us in lodging,’ says Loop Capital’s Daniel Adam, here’s why
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Daniel Adam, Loop Capital senior analyst, joins ‘Power Lunch’ to discuss his thoughts on travel booking companies like Airbnb, Wyndham Hotels and more. Source
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White House says it expects inflation to be ‘extraordinarily elevated’ in new report
White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. Psaki answered a range of questions related primarily to Russia’s invasion of Ukraine. Win Mcnamee | Getty Images WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices […]
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Goldman’s ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war
Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year. Source
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