article_normal

‘Why aren’t you in jail already?’ Internet erupts after Sam Bankman-Fried confirms participating in New York Times’ DealBook

“ “How did this dude steal billions of dollars and is now speaking at a summit as a free man? Make it make sense.” ” That was Twitter user @WSBChairman responding to a late Wednesday tweet by disgraced FTX founder Sam Bankman-Fried, who confirmed that he will participate in the New York Times’ DealBook Summit …

‘Why aren’t you in jail already?’ Internet erupts after Sam Bankman-Fried confirms participating in New York Times’ DealBook Read More »

Fed eyes slower rate hikes as recession threat grows

Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to rise higher than previously forecast, senior officials are unsure just how much further they will go. Slower rate hikes, they say, would give them more time …

Fed eyes slower rate hikes as recession threat grows Read More »

Stephen King, Elon Musk spar: MyPillow will be Twitter’s ‘only advertiser’

“‘Pretty soon the only advertiser left on Twitter will be MyPillow.’” — Stephen King, on Twitter That was master of horror and bestselling fiction writer Stephen King riffing on the parade of advertisers including GM GM, +0.44%, United Airlines UAL, +0.85% and Audi VOW, -1.69% pausing or scrapping their marketing on the social-media platform since …

Stephen King, Elon Musk spar: MyPillow will be Twitter’s ‘only advertiser’ Read More »

Google looks to shed 10,000 ‘poor performing’ workers: report

Another major tech titan is bracing for thousands of layoffs. Alphabet Inc.’s GOOGL, +1.37% GOOG, +1.43% Google is considering 10,000 layoffs — or 6% of its worldwide workforce — based on a ranking system that would eliminate the lowest-ranked “poor performing” employees, according to a report in The Information. “Earlier this year, we launched Googler …

Google looks to shed 10,000 ‘poor performing’ workers: report Read More »

Confused about COVID boosters? Here’s what the science and the experts say about the new generation of shots.

As we head into the third winter of the pandemic, only about 13% of American adults — less than 11% of Americans overall — have received the bivalent COVID-19 booster. Only about 34 million adults in the US have opted to get the new shot, which became available in September. The bivalent boosters, which were …

Confused about COVID boosters? Here’s what the science and the experts say about the new generation of shots. Read More »

Confused about COVID boosters? Here’s what the science and the experts say about the new generation of shots.

As we head into the third winter of the pandemic, only about 13% of American adults — less than 11% of Americans overall — have received the bivalent COVID-19 booster. Only about 34 million adults in the US have opted to get the new shot, which became available in September. The bivalent boosters, which were …

Confused about COVID boosters? Here’s what the science and the experts say about the new generation of shots. Read More »

Why ‘work longer’ isn’t great retirement advice

Financial planners typically advise you to work for as long as you can, so you can juice up your retirement savings while holding out for a fatter Social Security check. But such advice presumes that you have the luxury of deciding when to stop working. Tens of millions of Americans don’t. Here’s the truth: Retiring …

Why ‘work longer’ isn’t great retirement advice Read More »

The best-performing sector in 2022 is not finished crushing it, says Citi, offering three stocks to buy

You can count on it, says our call of the day Provided by Citigroup, though they say investors can’t expect as lofty returns. “We see market rotation into energy equities as having further to run, even though names in our US coverage already sit at all-time highs,” a team of analysts led by Alastair R …

The best-performing sector in 2022 is not finished crushing it, says Citi, offering three stocks to buy Read More »

These stocks are burning cash fast and might need to raise capital soon, Goldman Sachs flags

Equity strategists at Goldman Sachs GS, +0.27% point out the cost of money is no longer next to nothing. The weighted average cost of capital for US companies has gone from near the lowest level in history to 6%, the highest level in a decade. The 200 basis point increase during the year is the …

These stocks are burning cash fast and might need to raise capital soon, Goldman Sachs flags Read More »

Tesla stock at two-year low, other EV-maker shares plunge as concerns simmer about China, oil futures

Tesla Inc. shares ended at a fresh two-year low Monday, with shares of other electric-vehicle makers also underperforming the broader equity market as worries about China’s COVID-19 lockdowns re-emerged and oil futures prices dropped to their lowest level since January. Shares of Tesla TSLA, -6.84% extended their losing streak to a fourth session and closed …

Tesla stock at two-year low, other EV-maker shares plunge as concerns simmer about China, oil futures Read More »