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Business

HSBC lifts outlook, launches $2 billion buyback as profit beats forecasts

Jennifer DuBois -
By Selena Li and Lawrence WhiteHONG KONG (Reuters) - HSBC Holdings raised its key performance target on Tuesday as its first-half profit surged...
Business

CVS to shed 5,000 jobs in cost-cutting push – WSJ

Jennifer DuBois -
(Reuters) -U.S. pharmacy chain CVS Health is cutting 5,000 jobs, the Wall Street Journal reported on Monday, citing a staff memo.In an emailed...
Business

Bitcoin, Ether drop in Asia afternoon trading amid DeFi hack reports; most other leading tokens decline

Jennifer DuBois -
Bitcoin and Ether prices fell in early Tuesday afternoon trading in Asia, with Bitcoin losing support at US$29,000, amid concern about the hack...
Business

Stocks are in the middle of a ‘pivot rally’ that still has room to run, according to one of Wall Street’s biggest bears

Jennifer DuBois -
Morgan Stanley's Mike Wilson says stocks' latest rally looks a lot like what played out in 2019.At that time, the stock market was...
Business

Billionaire Mark Mobius Says Emerging Market Stocks Are the Place to Be Right Now; Here Are 2 Names That Analysts Like

Jennifer DuBois -
Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in...
Business

Wharton professor Jeremy Siegel says the stock market is headed to new all-time highs thanks to a strong economy and resilient corporate earnings

Jennifer DuBois -
Stocks are headed for a new record, Wharton professor Jeremy Siegel told CNBC on Friday."Lower inflation and stronger economy and good guidance and...
Business

Here’s why the Fed’s rate hikes haven’t actually hit Americans that hard

Jennifer DuBois -
The Federal Reserve has raised interest rates 11 times in the last year and a half.But the impact may not have hit most...
Business

Top CD Rates Today: New Nationwide Leader Unveiled

Jennifer DuBois -
With another day comes another installment of great news for CD shoppers: Instead of only being able to earn the nation-leading CD rate...
Business

Tupperware Gets A Seat At The Meme Stock Table As Investor Interest Hots Up

Jennifer DuBois -
Tupperware (TUP) has seen share prices surge more than 450% over the past month as retail investors pile into the heavily-shorted stock, making...
Business

Western Digital’s first-quarter forecast disappoints as weak cloud demand weighs

Jennifer DuBois -
(Reuters) -Memory chipmaker Western Digital Corp forecast a bigger-than-expected loss in the first quarter and revenue below Wall Street targets on Monday as...
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