Business News

Market Watch

IPO freeze gives way to cautious optimism as dealmakers see signs of a thaw

Private-equity and venture-capital firms flourished during the low-interest rate period that followed the 2008 financial crisis with a brisk pace of mergers and acquisitions, as well as a healthy pip…..
Market Watch

Yeti’s stock slides 11% after company’s earnings fall short and it offers soft guidance

Yeti Holdings Inc.s stock YETI, +1.84% tumbled 11% early Thursday, after the maker of drinkware, coolers and outdoor products missed profit and sales estimates for the fourth quarter and offere…..
Market Watch

Even Warren Buffett is no match for the S&P 500

Berkshire Hathaway BRK.A, +1.20% BRK.B, +0.98% stock over the past 20 years has almost precisely equaled the return of the S&P 500 SPX. Let that sink in for a minute. Berkshire Hath…..
Market Watch

Citigroup’s simplification plan under CEO Jane Fraser wins praise in analyst upgrade

Citigroup Inc. has dawn an upgrade to overweight from neutral at Piper Sandler as analysts praised an effort underway by Chief Executive Jane Fraser to simplify the bank.Though the turnaround will li…..
CNBC

Jeep, Dodge-maker Stellantis' profit slides as Detroit Three strikes bite

Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at the so-called "Detroit Three" automakers hampered production in …..
Financial Post

Bank of Canada's inflation 'buffet' muddies timing of interest rate cuts

Bank monitors 6 indexes to get grasp on price pressures, giving it timing options and clouding outlook for markets Author of the article: Bank of Canada governor Tiff Macklem has pushed back agains…..
CNBC

Richard Branson and Oppenheimer's grandson urge action to stop AI and climate 'catastrophe'

Richard Branson believes the environmental costs of space travel will "come down even further." Dozens of high-profile figures in business and politics are calling on world leaders to address the ex…..
CNBC

'The holy grail’: Startup backed by a Nobel laureate vying for a breakthrough on hydrogen storage

The construction site of a plant for the production of hydrogen in Germany.  A California-based startup backed by two pioneering scientists, one of whom is a Nobel laureate, believes it is on the cu…..
CNBC

Renault shares up 6% as carmaker plans dividend hike

Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros…..
Wall Street Journal

NYC Sues Social-Media Companies for Youth Mental-Health Effects

New York City is suing a slate of social-media companies, alleging that they are causing a youth mental-health crisis. Mayor Eric Adams announced Wednesday that the suit against Meta Platforms, YouT…..
Investing

Kaival Brands reports revenue growth to $13.1 million

GRANT-VALKARIA, Fla. - Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL), the exclusive U.S. distributor of Bidi Vapor's products, reported modest revenue growth and a reduced net loss for the fis…..
Investing

US informs Congress of intelligence on Russian nuclear capabilities, New York Times reports

(Reuters) - The United States has informed Congress and its European allies of new intelligence about Russian nuclear capabilities that could pose an international threat, the New York Times reported…..
Investing

Lyft's Earnings Typo Causes Market Stir: A Trader's Narrow Escape

Quiver Quantitative - The story of Lyft (NASDAQ:LYFT)typo and its impact on the stock market is a remarkable tale of market dynamics and investor reactions. Sinisa Sorgic, a manager at Bright Trading…..
Investing

EnerSys's Strategic Expansion: Tapping Into the U.S. Lithium-Ion Cell Market

Quiver Quantitative - In a dynamic move within the battery industry, EnerSys (NYSE:ENS) is setting its sights on the burgeoning demand for lithium-ion cells by announcing plans to build a significant…..
Financial Post

Liberals rebrand carbon-tax rebates, amount to rise as much as 17% in April

OTTAWA The Liberals unveiled a rebrand of the federal carbon tax rebate Wednesday as they announced the new amounts households are expected to get after the price itself goes up in April. A gaggle o…..
CNBC

Christopher Nolan's actors say he has this key leadership quality

Christopher Nolan's quirks as a director are well known, from the absence of chairs on his sets to his refusal to use a smartphone or email. Robert Downey Jr., who appeared in Nolan's historical epi…..
CNBC

Democrats see NY special election win as a blueprint to defeat Trump in November

Democratic U.S. House candidate Tom Suozzi celebrates his victory in the special election to replace Republican Rep. George Santos on February 13, 2024 in Woodbury, New York.  Democrats aren't just …..
CNBC

House lawmakers weigh relief for state and local tax deduction 'marriage penalty'

House lawmakers are weighing relief for a "marriage penalty" that impacts the federal deduction limit on state and local taxes, known as SALT. While the bill doesn't have broad support, it could help…..
CNBC

What's driving the market rebound on Wednesday — and why we're buying the dips

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch an actionable afternoon update, just in time for the last hour of trading on Wall Street. We're no longer recording the…..
Financial Post

'Market was vulnerable': Big Tech rally on shaky ground as rate view darkens

Hot inflation data vanquishes expectations for rate cuts before midyear Author of the article: Stock market information at the Nasdaq site in New York on Thursday, Jan. 11, 2024. The Nasdaq 100 ral…..

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Recode

Elon Musk didn’t kill Twitter

Twitter is a disaster. But you know that already. Why is Twitter a disaster? You probably think you know that, too: The usual suspect is Elon Musk, who has spent the year hes owned Twitter doing…..
ESPN CricInfo

Virat Kohli: an indomitable run-machine at T20 World Cups

Powerplays, death overs, chases, knockout games... you name the category and Virat Kohli has mind-boggling numbers to show for it at T20's showpiece global event 13 - Fifty-plus scores for Kohli in t..
ABC News

Woman suffers 'serious leg injury' after suspected shark attack in Sydney Harbour

A woman has been hospitalised after suffering leg injuries on Monday night after what NSW Police believe was a shark attack in Sydney Harbour. The incident occurred just before 8pm, with emergency s…..