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| Pound faces tough battle to reclaim pre-Brexit levels vs dollar LONDON (Reuters) - Five years after the 2016 referendum that dealt it a heavy blow, the pound is less than ten cents below its pre-Brexit exchange rate against the dollar. But making up that final stretch of ground could prove tough. FILE PHOTO: Wads of ... | |
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| Apollo Co-Founder Harris Steps Back After Missing Out on CEO For Josh Harris, the end of his three decades as a dealmaker at Apollo Global Management Inc. came swiftly. Just four months after he was passed over for the top job at the private equity giant, Harris threw in the towel and relinquished his day-to-day role. | |
| Bank of Canada Warns on Household Debt and Housing Exuberance In its annual Financial System Review, the Ottawa-based central bank said Thursday there are signs people are buying houses in some regions of the country with the expectation prices will continue to rise, which creates unsustainable dynamics. | |
| Wharton Reveals Record Bitcoin Gift Amid Crypto Market Rout It may seem an odd time for a university to accept Bitcoin as a gift. Wealth for You. Enjoying Bloomberg Wealth? To read more articles based on your personal financial goals, answer these 3 questions that will tailor your reading experience. Get started. | |
| What Does A Net-Zero Pathway Mean For The Oil And Gas Industry? The future of oil. There's close alignment across the scenarios. In our AET-2 scenario, oil demand falls by 70% to 35 million barrels per day (b/d) by 2050, decline setting in as electric vehicles and hydrogen disrupt road transportation, while recycling limits the ... | |
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| Dollar comes down from Fed minutes high The dollar lost ground on Thursday, hovering just above a multi-month low following Wednesday's bounce prompted by the release of U.S. Federal Reserve meeting minutes. In those minutes, from the Fed's most recent monetary policy meeting, several ... | |
| Bloomberg Wealth: Bitcoin's Edge Over the S&P 500 Nerves of steel. That's what cryptocurrency investors needed Wednesday as tokens such as Bitcoin dropped 31% in the morning only to surge 33% hours later. Initially, it seemed like the moment skeptics had been warning about. Tesla CEO Elon Musk ... | |
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| What's 2022 Looking Like For Moderna Stock? Moderna (NASDAQ: MRNA) is poised for a solid 2021 as it ramps up sales of its much sought-after Covid-19 vaccine. The company is on track to deliver between 800 million to 1 billion doses of the shot this year and based on its advance purchase ... | |
| Ex-Merrill Banker's Trading App Valued at Over $5 Billion Broker app Trade Republic Bank GmbH, founded by former Merrill Lynch banker Christian Hecker, has become one of Germany's biggest fintech firms by valuation. The Berlin-based company finished a $900 million financing round with investors including ... | |
| Daimler Climbs on Bullish Outlook for Truck Unit Set for Spinoff Daimler AG's sprawling truck division sketched out plans to turn its unrivaled global scale into better financial results ahead of its spinoff from Mercedes-Benz luxury cars later this year. The division showcased its strategy for electrification, self-driving ... | |
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| The No. 1 Reason to Claim Social Security at Age 70 In case you hadn't heard, 70 is the new 60 with respect to retirement. And that's not entirely anecdotal. A study from Stony Brook University confirms that as lifespans increase, people are staying healthier into older ages. That's a great thing, because it gives ... | |
| It's too expensive for builders to solve the housing shortage Soaring lumber costs and a shortage of building lots are holding homebuilders back. The lack of housing supply is driving home-price inflation to levels that are weighing on buying plans. Millennials are set to drive demand even higher, but soaring costs ... | |
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| Better Buy: Bitcoin vs. Square Leading cryptocurrency Bitcoin (CRYPTO:BTC) is finally hitting a rough patch. Tesla (NASDAQ:TSLA) CEO Elon Musk backtracked on allowing customers to use the digital currency to purchase vehicles, and regulators in China have reeled in crypto trading ... | |
| Oatly Is Going Public Today. What Investors Need to Know. Known for its oat milk that can be used in coffee and cereals, Oatly raised $1.4 billion late Wednesday. The Swedish company sold about 84.4 million American depositary shares at $17 each, the top of its $15 to $17 price range, a person familiar with the matter ... | |
| The UK's first cruise in over a year sets sail (CNN) — With most of the world still off-limits to British travelers, MSC Cruises is launching the first of many planned UK summer "staycation sailings" that promise to introduce UK travelers to the joys of their own coastline. The MSC Virtuosa is setting sail from ... | |
| Uber vs. Lyft — should you buy either stock now? Next, the sales data show that Uber is much bigger. In fact, Uber is the largest on-demand ride-sharing provider in the world (outside of China). Analysts expect Uber to post $3.6 billion in sales for the second quarter, compared to $698 million at Lyft. | |
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| Barcelona's Mobile World Congress cleared to go ahead in person The Mobile World Congress (MWC), the telecoms industry's biggest annual gathering, can go ahead as planned after Spanish authorities approved its health and safety plan, its organisers said on Thursday. MWC, which will be one of the first big technology ... | |
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| Ford Opens New Front in EV Wars. It Plans to Make Batteries. Ford Motor is getting into the electric-vehicle battery business. Investors are cheering the news. The company announced a joint venture with SK Innovation (ticker: 096770.Korea) to make enough batteries to power the equivalent of 600,000 all-electric ... | |
| Kohl's roars back in Q1, but 2021 outlook spooks Wall Street NEW YORK (AP) — Kohl's raised its financial outlook for the year after a solid rebound in the first quarter from the devastating impact of the pandemic. But those raised expectations fell short of what many industry analysts had been expecting and shares ... | |
| Ghosn Ordered by Dutch Court to Repay $6 Million to Nissan The former chairman has "no right to fair compensation, transitional compensation or arrears of salary" since no employment contract existed between him and Nissan-Mitsubishi BV, an Amsterdam-based joint venture called NMBV, the district court in the Dutch ... | |
| Iovance Stock Falls Almost 40% on Double Dose of Bad News Iovance Biotherapeutics shares took a quick pair of hammer blows on Tuesday and Wednesday, dropping nearly 40% on bad news from the U.S. Food and Drug Administration, followed by the unexpected departure of the company's CEO. The CEO's ... | |
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| 7 sun protection essentials you need, according to Real Simple Now we're asking magazine experts what we should have in our skin care routine to prepare us for summer. Real Simple Beauty Director Heather Muir Maffei joined the 3rd Hour of TODAY to reveal seven must-have products to beat the heat and protect us from ... | |
| The Crypto Crash Is a Disaster for Coinbase For anyone who bought into the Coinbase (NASDAQ:COIN) IPO in April, it hasn't been a fun month. Shares of the cryptocurrency trading platform are now trading below their IPO price of $250, and they've been practically cut in half from their all-time high. | |
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| Philly Fed manufacturing index cools in May A previous version of the story had incorrect figures for the subcomponents in May and April. The report has been corrected. The numbers: The Philadelphia Federal Reserve's business activity index fell to 31.5 in May from a nearly 50-year high of 50.2 in the ... | |
| Morgan Stanley's Leadership Moves Could Set Up Next CEO Morgan Stanley announced a set of leadership changes Thursday that provide hints at who will eventually succeed CEO James Gorman. Long-serving employees Ted Pick and Andy Saperstein were named co-presidents of Morgan Stanley (ticker: MS), with ... | |
| CVS Health offers clinical trial services Certain existing challenges with conducting clinical studies, such as low patient enrollment and inconvenient trial sites, show the need to improve the current model, particularly in response to the COVID-19 pandemic, said Troyen Brennan, the chief medical ... | |
| Ralph Lauren swings to a profit and reinstates dividend Ralph Lauren Corp. blew past earnings estimates for its fiscal fourth quarter on Thursday, and said it may close more stores in fiscal 2022. The retailer reported a fiscal fourth-quarter net loss totaling $74.1 million, or $1.01 per share, after a loss of $249.0 ... | |
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| Panera unveils new bakery-cafe design ST. LOUIS — Panera Bread Co. has unveiled a new bakery-cafe design featuring enhanced digital capabilities, personalized options and more drive-thru access, as well as a focus on the company's craft bakery experience. "Innovation is core to who we are ... | |
| Rothy's expands into men's with loafers, sneakers Dive Brief: · In its next big product expansion, sustainable shoe brand Rothy's on Thursday launched into the men's category with two styles: a sneaker and a loafer. · The shoes are machine washable and made from recycled materials, including plastic water ... | |
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| Should I Use a Roth IRA to Pay for College? If you look closer at the report, you'll also see a list of other ways parents and students pay for college. A retirement savings withdrawal (including 401k, Roth IRA or another type of IRA) made up 2% of sources parents used to pay for college. | |
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