Britain’s next prime minister to be announced
[ad_1] Former Finance Minister Rishi Sunak or current Foreign Secretary Liz Truss will be announced as the U.K’s new prime minister later Monday. Dan Kitwood / Staff / Stringer /…
What to watch next in the U.S.-China ADR audit dispute
[ad_1] The U.S. and China have taken a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S. stock exchanges. Holger Gogolin | iStock |…
Designer Brands, Express, Chewy and more
[ad_1] Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear and accessories retailer reported better-than-expected profit and revenue for its latest quarter and raised…
Klarna losses triple after aggressive U.S. expansion and mass layoffs
[ad_1] The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to…
Identity crime is at an all-time high. Here are 3 ways to protect yourself
[ad_1] d3sign | Moment | Getty Images Pandemic spurred jump in identity theft Since the beginning of 2020, consumers have lost about $886 million in fraud specifically linked to Covid-19,…
Okta, Nutanix, Five Below and more
[ad_1] The inside of one of Five Below’s existing locations. Five Below Check out the companies making headlines after hours. Pure Storage — The tech stock jumped 7% after the…
Hormel Foods, Campbell Soup, Ciena and others
[ad_1] Check out the companies making headlines before the bell: Hormel Foods (HRL) – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance.…
Britain’s banks told to tackle wealth inequality despite one-off payments
[ad_1] LONDON — Britain’s financial sector is being urged to do more to help workers struggling with the cost-of-living crisis, despite a slew of top banking names providing one-off payments…
When to claim climate tax breaks, rebates
[ad_1] Sebastian Rothe / Eyeem | Eyeem | Getty Images Households may soon be able to claim thousands of dollars in tax breaks and rebates if they take steps to…
The Fed must do two things to re-establish credibility, Allianz’s El-Erian says
[ad_1] Although it has now established more consistent messaging to the market, the U.S. Federal Reserve needs to do two more things to re-establish its credibility, according to Mohamed El-Erian,…
Why a higher unemployment rate may be a good thing
[ad_1] Catherine Mcqueen | Moment | Getty Images Why the unemployment rate increased in August The unemployment rate increased by 0.2 percentage point from 3.5% in July — a level…
Kohl’s, Broadcom, Lululemon and more
[ad_1] People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday:…
Lululemon, Broadcom, Starbucks and more
[ad_1] Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon rallied 9.5% in the premarket after reporting better-than-expected quarterly results and issuing an upbeat outlook. The…
China’s electric car companies are safe from the U.S. Nvidia chip ban
[ad_1] Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to…
Stocks making the biggest moves after hours: Lululemon, Broadcom and more
[ad_1] Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the…
Fannie Mae says fixed mortgage rates could fall to 4.5% next year
[ad_1] The Good Brigade | Digitalvision | Getty Images Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for…
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
[ad_1] Loretta Mester at Jackson Hole, Wyoming David A. Grogan | CNBC Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central…
Express, Snap, Rocket Lab and more
[ad_1] Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the beleaguered retailer tumbled 19.8% after it outlined a strategic plan that only…
Baidu claims its robotaxis have grabbed 10% of a ride-hailing market
[ad_1] Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday Vcg | Visual China Group | Getty Images…
Goldman Sachs to lift vaccination, Covid-19 requirements in most offices next month
[ad_1] Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs said Tuesday it will lift all its Covid-19 requirements in most offices beginning Sept. 6, in response to new guidance…
Fed’s Williams pushes back on expectations of a rate cut next year
[ad_1] John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York…
U.S. needs miracle to avoid recession, economist Stephen Roach warns
[ad_1] Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair of…
Fed rate hikes won’t curb inflation if spending stays high, paper says
[ad_1] John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve,…
Here’s what’s next for stocks after Powell’s Jackson Hole speech
[ad_1] It’s easy to go back into a defensive crouch. “The market is about to enter the seasonally weak month of September with the Federal Reserve amping up inflation fighting…
U.S. delisting risk for Chinese ADR stocks halves after deal
[ad_1] The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday both sides signed an agreement for cooperation on inspecting the audit work papers of U.S.-…