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Schlagwort-Archiv: Markets
Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
Cost cutting and refreshing the board at VF Corp. are on the list of priorities for activist Engaged Capital.
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion.
Unemployment among Hispanic workers rises at faster pace in October than overall rate
The labor market showed deterioration for Hispanic workers, whose unemployment rate rose more than average in October.
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, which sells insurance plans online, raised $55 million in debt financing from Deutsche Bank and Unicredit, sources familiar with the matter told CNBC.
One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to Current CEO Stuart Sopp.
Block shares surge after earnings beat and increased full-year guidance
There was particularly strong growth in Block’s payment platform, Cash App, and its point-of-sale suite, Square.
Bank of England governor says Israel-Hamas conflict poses risks to inflation fight
Bank of England Governor Andrew Bailey said the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to bring down inflation.
Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance
Maersk, a bellwether for global trade, said it was facing subdued demand and inflationary pressures.