Business News
Earnings Results: Nike's quarterly profit comes in above Wall Street expectations, $18 billion buyback approved
Market Watch - 28 Jun 2022 16:00
Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $18 billion share buyback program, sending the apparel maker's shares higher in the after-hours session.
Goldman Sachs Downgrades Coinbase to Sell Rating -- Analyst Says Firm Needs to Make Cost Base Reductions
Bitcoin.com - 28 Jun 2022 15:30
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from t...
Daiya Goes Heavy on the Drama in Film Noir-Style Ads for Plant-Based Cheese
AdWeek - 29 Jun 2022 01:46
The characters in new ads for Daiya are clearly distressed--the evidence is written all over their tear-stained faces in videos that look like scenes from classic film noir. The source of their trauma? Life without chees...
Crypto Exchange That Hosted a Scammer's Wallet Is 'Not Liable' For Victim's Losses, Court Rules
Crypto News - 28 Jun 2022 04:00
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims' coins onto its platform. According to Newsis, an individual named ...
Whole Foods to Focus on Price as Pandemic Eases, Incoming CEO Says
Wall Street Journal - 28 Jun 2022 22:32The company buying Trump's Truth Social warned the deal could collapse because it's been subpoenaed by a federal grand jury
Business Insider - 28 Jun 2022 15:45How HIMARS Rockets Can Help Turn The Tide In Ukraine
Forbes - 28 Jun 2022 17:56
The U.S. Army's mobile rocket system could have a big impact on the course of the war in Ukraine.
Swiping your credit card for ready cash is easy but unlawful
livemint.com - 28 Jun 2022 21:41
Certain merchant sellers offer to pay cash on cards but experts say this is illegal and should be avoided
Psychologists warn the fall of Roe v. Wade will worsen the mental health crisis
Fast Company - 28 Jun 2022 17:45
The American Psychological Association said the Supreme Court abortion ruling will increase stress, anxiety, and depression. The Supreme court abortion ruling could also have repercussions for Americans’ mental health....
Warren Buffett's Berkshire Hathaway piles another $44 million into Occidental Petroleum, adding to its $9 billion stake in the energy giant
Business Insider - 28 Jun 2022 16:32
Buffett's company now holds 153.5 million of Occidental's common shares, $10 billion of its preferred stock, and about 84 million stock warrants.
PlayStation Plus Free Games July 2022: Predictions, Rumors, Leaks And More
Forbes - 28 Jun 2022 16:00
This week, Sony will reveal next month's free PlayStation Plus games for the basic PS Plus Essential tier.
Nike Posts Flat Sales, Jump in Inventories
Wall Street Journal - 28 Jun 2022 03:09Companies Scramble to Work Out Policies Related to Employee Abortions
The New York Times - 28 Jun 2022 02:04
Some have offered to cover travel and other expenses for employees, and are working to ease worker fears about safety and confidentiality.
Tom Cruise's All-Time Career Earnings Top $1 Billion
Forbes - 28 Jun 2022 20:31
One of movies' last leading men has reached a new milestone with career gross earnings of almost $1.1 billion, thanks to the savvy deal he struck with Paramount.
Metals Stocks: Gold, silver inch higher but remain stuck in range
Market Watch - 28 Jun 2022 16:54
Gold prices inched higher on Tuesday, but remained mired in a range between $1,800 and $1,880 --- a range that has held since mid-May.
At Toshiba, Activist Investors Finally Get a Seat at the Table
Wall Street Journal - 28 Jun 2022 16:53
Toshiba said it has received 10 nonbinding proposals from different suitors. With two activist investors now on the board, the company and its shareholders must work together to remake the industrial conglomerate.
Economic Report: U.S. trade deficit in goods falls for second month in a row after setting record
Market Watch - 28 Jun 2022 16:45
The nation's trade deficit in goods fell 2.2% in May to $104.3 billion, marking the second decline in a row after the gap hit a record high. The U.S. imported fewer food products, drinks and consumer electronics.
How To Continue To Mess Up A Golden Opportunity Worth Billions For Argentina In A World Of High Energy Prices
Forbes - 28 Jun 2022 16:45
Productive Development Minister MatĂas Kulfas' "resignation" a few weeks ago reads as a cautionary tale as to how not to conduct a coalition government, proving once again that the Argentine political system suffers fro...
This 3-Fund Portfolio Pays $5,000 Every Month
Forbes - 28 Jun 2022 16:45
Thanks to the selloff, it's possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago...
Companies scramble to work out policies related to employee abortions
Chicago Tribune - 28 Jun 2022 16:19
After companies announced they would cover travel expenses for their employees to get abortions, executives have had to move swiftly to sort out the mechanics of those policies.
Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Exams
The New York Times - 28 Jun 2022 15:59
The S.E.C. said the cheating involved hundreds of the firm's auditors from 2017 to 2021.
4 Ways To Better Manage A Hybrid Work Environment
Forbes - 28 Jun 2022 15:45
Letting go of traditional leadership ideas is often the most difficult hurdle to overcome, but it's vital with hybrid teams.