business news
Henry Cuellar becomes latest Democrat to distance himself from Koch Industries over company’s Russia ties
U.S. Rep. Henry Cuellar (D-TX) speaks on southern border security and illegal immigration, during a news conference at the U.S. Capitol on July 30, 2021 in Washington, DC. Kevin Dietsch | Getty Images Texas Democratic Rep. Henry Cuellar is no longer accepting campaign contributions from Koch Industries after the conglomerate decided to remain in Russia […]
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Carl Icahn says there ‘very well could be a recession or even worse’
Carl Icahn says there ‘very well could be a recession or even worse’ Famed investor Carl Icahn said Tuesday an economic downturn could be on the horizon and he is loaded on protection against a steep sell-off in the market. “I think there could very well could be a recession or even worse,” Icahn said […]
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Nike sees signs of recovery in China, which could be a good omen for other retailers
An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017. Johannes Eisele | AFP | Getty Images Glimmers of hope for Nike in China could be good news for other retailers with big business in the region, as companies contend with a prolonged […]
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Investing Club: Goldman Sachs cut its earnings estimates on Ford — here’s what we think
We’re keeping our 1 rating on Ford shares, despite Goldman Sachs cutting its EPS targets for 2022 and lowering its price target. Source
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Formula 1’s first race of the 2022 season was ESPN’s most-viewed since 1995
Formula One F1 – Bahrain Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – March 20, 2022 General view during the race. Thaier Al-sudani | Reuters Formula 1’s 2022 Bahrain Grand Prix lured more than 1 million U.S. viewers for Sunday’s season-opener —making it the most-viewed F1 race on ESPN since 1995. ESPN said the […]
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Warren Buffett is paying a relatively cheap price for his biggest takeover in six years, analyst says
Berkshire Hathaway’s acquisition of insurer Alleghany, Warren Buffett’s biggest deal in six years, is a good bargain compared to past deals in the industry. Source
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Crypto investor Katie Haun raises $1.5 billion, the largest debut fund ever by a female VC
Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process. Haun Ventures’ kickoff marks the largest debut venture fund ever raised by a solo female founding partner, according to Pitchbook. Former investment banker Mary Meeker held the prior record with a $1.3 […]
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White House press secretary Jen Psaki has Covid, will miss Biden trip to Europe
White House Press Secretary Jen Psaki holds the daily press briefing at the White House in Washington, U.S. October 27, 2021. Jonathan Ernst | Reuters White House press secretary Jen Psaki tested positive for Covid-19 on Tuesday, and won’t travel with President Joe Biden on his upcoming trip to Europe, she said. Biden tested negative […]
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Traders bet on an aggressive Fed and predict half-point rate hikes in May, June
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images Traders are betting Federal Reserve Chairman Jerome Powell’s tough inflation talk means the central bank will step on the throttle to […]
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Vikings owner Mark Wilf went to the Poland-Ukraine border to help refugees – here’s what he saw
With the NFL’s annual meetings set for this weekend, Minnesota Vikings co-owner Mark Wilf has more on his mind than just football. Last week, he brought a humanitarian group to the Poland-Ukraine board to help with relief efforts as Ukrainian refugees flee Russia’s invasion. The trip was carried out under the Jewish Federations of North […]
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