Tag: business
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March’s Stock Market Came in Like a Lion, Goes Out Like a Bull
March madness in 2023 might better refer to the crazy action of the financial markets than to some overhyped basketball tournament. Over the course of the month just ended, expectations about the economy and Federal Reserve policy swung from one extreme to another. Early on, Fed officials were talking up more and bigger interest-rate increases ... -
Global stocks rise ahead of US inflation update
BEIJING (AP) — Global stocks and Wall Street futures rose Friday ahead of a United States inflation update that traders hope might prompt the Federal Reserve to ease plans for more interest rate hikes. London and Frankfurt opened higher. Shanghai and Tokyo advanced. Oil prices declined. Wall Street rose Thursday as worries about the global ... -
Kelso Group Calls on THG to Consider Stock Listing Move, Share Buybacks
Published: March 30, 2023 at 3:13 a.m. ET By Ian Walker Kelso Group Holdings PLC on Thursday called on THG PLC to consider a move of its listing to the Premium List of the London Stock Exchange and a share-buyback program, as it raised its interest in the U.K. e-commerce company to around 0.5% of ... -
Financial Services Federation Extends Membership To Responsible Brokers
Thursday, 30 March 2023, 10:05 amPress Release: Financial Services Federation The Financial Services Federation (FSF) has announced its decision to extend membership to New Zealand’s responsible broker community. The FSF, which is the voice of New Zealand’s responsible non-bank lending sector, will now be accepting applications from broker organisations with a Financial Advice Provider licence ... -
California Garbage Trucks Seek Electrification Exemption After Last Bad Gas Investment
California is implementing a diesel engine ban that will kick in by the 2040s. Aside from the thousands of big rigs traversing the state’s roads and freeways, other vehicles like buses and garbage trucks would be affected by this ban as well. But waste companies are pushing for an exemption. The Sacramento Bee reports the ... -
Citi upgrades Lululemon shares to buy, citing strong brand momentum
Lululemon is “checking all the right boxes,” according to Citi, with “all systems ready to go” for accelerated growth in 2023. Citi raised its rating on Lululemon shares to buy from neutral, after the company topped fiscal fourth-quarter estimates and offered an upbeat forecast for the coming year. In the latest quarter, the athleisure company ... -
Lululemon shares jump as holiday-quarter sales surge
A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Lululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops despite rising prices for essential goods. The company also issued upbeat guidance for its new fiscal year. Shares ... -
President Joe Biden kicks off Investing in America Tour in Durham, tours Wolfspeed facility
DURHAM, N.C. — President Joe Biden landed in the Triangle on Tuesday to kick off his administration’s Investing in America tour in an effort to revive American manufacturing. The president will visit Wolfspeed, a semiconductor manufacturer on Cornwallis Road in Durham, to speak about job growth across the country. Wolfspeed recently announced a $5 billion ... -
Dominari Financial Inc. Acquires Leading Broker Dealer and Registered Investment Advisor Business
Acquisition of Fieldpoint Private Securities Accelerates the Growth of the Company’s Business with Launch of New Broker-Dealer and RIA Division NEW YORK, March 27, 2023 /PRNewswire/ — Dominari Financial Inc., the financial services subsidiary of Dominari Holdings Inc., has announced the acquisition of the broker-dealer and registered investment advisor business of Fieldpoint Private Bank and ... -
Porter County investment takes big hit
DOUG ROSS Times Correspondent VALPARAISO — Porter County lost money on its nest egg last year, a familiar story for most investors. The market value of the Porter County Government Foundation’s portfolio as of Dec. 31 was $163,563,708, a drop of 13.7%, Capital Cities CEO Amanda Black told the board members last week. To keep ...