Business News
Short sellers boosted their bets against the S&P 500 industrial sector stocks in October, with S&P 500 sector’s stock losing nearly 1.2% during the month. As of September’s end, the average short interest rate in S&P 500 industrials was 2.15%, up 8 bps
‘Barron’s Roundtable’ associate editor Andrew Bary discusses demand in the food industry. A judge denied Kraft Heinz’s efforts to dismiss a proposed nationwide class action lawsuit over allegations that its products, marketed as free from preservatives, contain ingredients that contradict its labels. On Wednesday, Judge Mary M. Rowland ruled that the company must face the … Read more
Investing.com — In a note to clients Friday, Jefferies analysts outlined the potential impact of increased tariffs on Apple (NASDAQ:)’s iPhone if former President Donald Trump reintroduces higher trade barriers during a possible second term. While Apple has made efforts to diversify its production beyond China, the firm said the company remains heavily reliant on the … Read more
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. German Chancellor Olaf Scholz has spoken to Russian President Vladimir Putin for the first time in nearly two years, as western powers position for the return of a Trump administration that has made ending … Read more
Good morning! Tapestry and Capri call off their merger, 1.25 million new users turn to Bluesky, and a CEO evolved with her $49 billion company. Have a peaceful weekend. – Climate change. Estelle Brachlianoff is one of the most influential female CEOs in Europe. Her $49 billion company, Veolia, is ranked No. 77 on the … Read more
The joint venture between Reliance Industries and Disney, apart from creating an entertainment behemoth, places it in very strong position on various fronts. In terms of numbers, the transaction values the joint venture at Rs 70,352 crore (around $8.5 billion). In an exclusive interview with Business Today, Uday Shankar, Vice-Chairperson of the joint venture and … Read more
WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter. Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters … Read more
Tesla CEO Elon Musk, tapped by President-elect to lead a new Department of Government Efficiency, spoke at the America First Policy Institute at Mar-a-Lago in Florida, Thursday, Nov. 14, 2024. Billionaire Elon Musk joined President-elect Donald Trump on Thursday for the annual America First Policy Institute Gala at Mar-a-Lago in Palm Beach, Florida. Musk, who … Read more
Investing.com – Cardano was trading at $0.6245 by 07:19 (12:19 GMT) on the Investing.com Index on Friday, up 10.02% on the day. It was the largest one-day percentage gain since November 10. The move upwards pushed Cardano’s market cap up to $21.3964B, or 0.72% of the total cryptocurrency market cap. At its highest, Cardano’s market … Read more