One of the biggest challenges for Credit Suisse this quarter was litigation costs. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout from the Russia-Ukraine
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People’s Bank
kate_sept2004 Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In fact, 69% of adults who say they will take a vacation this summer anticipate changing their travel plans as prices have
At the country’s top colleges, the most recent application season was the most competitive on record, but getting accepted at several schools may have been the easy part for students. Now they have less than one week to decide on which school they’ll attend ahead of National Decision Day on May 1, the deadline for
The last five years have seen unprecedented growth within the life science sector. Tech advancements, new products and capital infusions from both public and private sectors have all helped fuel the record-breaking expansion. According to Cushman & Wakefield’s Q1 2022 Life Sciences Sector North America Update, sector growth has directly driven burgeoning demand for laboratory
Loading chart… Fluor Corp: “Under no circumstance do you want to buy Fluor. That business is way too hard.” Loading chart… Plains All American Pipeline LP: “I’d rather do Enterprise Products Partners or Oneok, but I have to admit, Plains is making a comeback.” Loading chart… Transocean Ltd: “They can be okay.” Loading chart… Tilray
In this article PEP In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations, as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. On the heels of its strong performance, the company raised
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Nasdaq 100 futures fell on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown. Dow Jones Industrial Average futures fell 18 points, or 0.1%. S&P
The future is uncertain for Twitter employees after the board accepted a $44 billion offer from Tesla CEO Elon Musk to buy the popular social media platform and take it private on Monday. “Once the deal closes, we don’t know which direction the platform will go,” Twitter CEO Parag Agrawal told employees during a company-wide
Your end-of-life experience may be very different depending on where you live, according to a Policygenius report that ranks the country’s best and worst places to die. The report gave each state and the District of Columbia a numerical score based on seven factors, including funeral costs and services, green burials, palliative care, Medicare providers,
Westend61 | Westend61 | Getty Images Fidelity Investments is offering bitcoin to 401(k) investors. But before retirement savers get access, employers must give the green light — and that’s often much more complicated than it sounds. Fidelity administered almost $2.9 trillion of 401(k) and other workplace retirement plan assets (representing over a quarter of the
“Green acres is the place to be. Farm livin’ is the life for me,” sang the star of the hit TV sitcom Green Acres in its iconic theme song. In the show’s 1965 pilot, successful Manhattan lawyer Oliver Wendell Douglas took his reluctant wife Lisa from glitzy Gotham to a country farm in Hooterville, USA.
Travelers look at a display board showing cancelled and delayed flights at Orlando International Airport on New Year’s weekend, despite thousands of flight cancellations and delays across United States. Paul Hennessy | Lightrocket | Getty Images The Federal Aviation Administration will meet with major U.S. airline staff next month to discuss ways to improve the
In this article WBD David Zaslav Anjali Sundaram | CNBC Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares
In this article SHW GE WM WBD SEAS A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines in midday trading. General Electric — Shares slid more than 11% despite the industrial company reporting
If Twitter is now Elon Musk’s world, it seems Jack Dorsey is ready to live in it. On Monday – after weeks of back and forth between the richest man in the world and Twitter’s board – Musk bought the company at $54.20 per share, a deal valued at $44 billion. That same day, Twitter
Alxeypnferov | Istock | Getty Images As more people head back to the office, they may not be able to rely anymore on their work wardrobe from more than two years ago. Their tastes or size may have changed during the pandemic, or their company might have amended expectations around professional attire. Restocking your closet
Getty Images Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity
Valeria Tarasenko of Dentons Kyiv discusses the Ukrainian government’s tax policy changes in response to the Russian invasion. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: war and tax. Since February 24 Russia’s invasion
Topline The housing market has taken off this year as home prices continue to surge amid high inflation and ongoing supply chain issues, but some experts say prices could soon level out as mortgage rates rise and demand drops. Key Facts With the Federal Reserve gearing up to reduce its portfolio of roughly $5 trillion