Business
Over 400 companies have withdrawn from Russia. But some Western brands are locked in
The Burger King name appears in Russian outside a Burger King fast food restaurant in Moscow, Russia, on Friday, April 5, 2013. Bloomberg | Getty Images Ukrainian President Volodymyr Zelelnskyy in his address to U.S. Congress Wednesday reiterated calls for all global brands to exit Russia — a market “flooded with [Ukrainian] blood” — as […]
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BP CEO Looney’s 2021 pay package more than doubles to around $5.9 million
Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020. Bloomberg | Getty Images BP CEO Bernard Looney’s total renumeration in 2021 rose to £4.46 million ($5.86 million) from £1.74 million, BP’s annual report published on Friday showed. BP’s 2021 profits hit […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop as S&P 500 still tracks for best week since November 2020 Traders on the floor of the NYSE, March 17, 2022. Brendan McDermid | Reuters U.S. stock futures dropped Friday as the S&P 500 […]
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Reduce speed limits and car-free Sundays: The IEA has a 10-point plan to cut oil use
Cyclists photographed in Lisbon, Portugal, in October 2018. Kamisoka | Istock Unreleased | Getty Images Speed limits on highways should be cut by at least 10 kilometers per hour (6.2 mph) to help lower oil demand, the International Energy Agency said Friday. The recommendation is part of a wider 10-point plan published by the Paris-based […]
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Stocks making the biggest moves premarket: FedEx, GameStop, Moderna and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx earned an adjusted $4.59 per share for its latest quarter, missing estimates by 5 cents, though the delivery service’s revenue beat analyst forecasts. FedEx’s bottom line was impacted by worker shortages stemming from the Covid-19 omicron variant outbreak during the quarter. FedEx […]
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Porsche increases EV targets, confirms 911 hybrid sports car
The all-electric Porsche Taycan Turbo. Source: Porsche AG DETROIT – As the all-electric Porsche Taycan sedan outsells the German carmaker’s iconic 911 sports car, the company is increasing its EV sales targets. It also plans to roll out a hybrid version of the 911. Porsche on Friday announced it expects 80% of its global sales […]
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Maserati unveils all-electric plan, starting with a new 1,200-horsepower GranTurismo
The new GranTurismo Folgore will be the first car in Maserati history Maserati DETROIT — Luxury auto brand Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new GranTurismo EV featuring more than 1,200 horsepower, the company said Thursday. The GranTurismo “Folgore” will be the first all-electric […]
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Jim Cramer says investors should buy these 11 recently-boosted dividend stocks
CNBC’s Jim Cramer on Thursday offered investors a list of dividend stocks with yields that recently increased, that he believes buyers should add to their portfolio. Dividends are a generally “unassailable defense against a volatile market,” the “Mad Money” host said, which means that they can be attractive additions to the portfolio of an investor […]
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Cramer’s lightning round: Ralph Lauren is a better stock than Canada Goose
Sturm Ruger & Company Inc: “I am a hunter, but I don’t usually recommend gun stocks, just because I don’t think it’s right to. … It’s a tough call for me.” Carnival Corp: “If I have to buy one, I’ll do [Norwegian Cruise Lines], because I think that [chief executive] Frank Del Rio has done […]
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American Airlines will resume alcohol sales on flights starting April 18
An American Airlines flight attendant serves drinks to passengers after departing from Dallas/Fort Worth International Airport in Texas. Robert Alexander | Archive Photos | Getty Images American Airlines said Thursday it will resume sales of alcoholic beverages on domestic and short-haul international flights next month, a plan it delayed almost a year ago because of […]
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