Disney will be facing Nelson Peltz’s Trian Fund Management in a proxy fight. Story Published at: January 12, 2023 at 03:44PM
Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
President Biden had classified documents in the garage of his Delaware home
President Biden is under scrutiny for possessing classified documents as former President Donald Trump faces a criminal probe for a similar situation.Story Published at: January 12, 2023 at 05:14PM
Porsche sees small uptick in global sales despite big drop in Taycan EV
Porsche said a 16% drop in global sales of its electric Taycan were “due to supply chain bottlenecks and limited component availability.”Story Published at: January 12, 2023 at 05:02PM
Consumer prices fell 0.1% in December, in line with expectations from economists
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow Jones.Story Published at: January 12, 2023 at 01:35PM
UAE sparks furious backlash by appointing Abu Dhabi oil chief as president of COP28 climate summit
The UAE said Thursday that the head of state oil giant ADNOC will lead the COP28 climate talks in Dubai later this year, prompting a furious backlash.Story Published at: January 12, 2023 at 11:44AM
Assassin’s Creed maker Ubisoft sheds 21% to seven-year low after slashing guidance, cancelling games
Ubisoft shares slumped as low as 18.80 euros apiece Thursday morning, hitting their lowest level in more than seven years.Story Published at: January 12, 2023 at 11:08AM
Biggest risk for UK stocks right now is that we don’t enter recession, strategist says
The biggest risk to the U.K. stock market is avoiding a widely anticipated recession, according to Roger Lee, head of U.K. equity strategy at Investec.Story Published at: January 12, 2023 at 10:15AM
The U.S. economy and stocks face a difficult year — and could even lag Europe
After a tough 2022, some strategists argue this year could be Europe’s time to shine.Story Published at: January 12, 2023 at 10:00AM
Bitcoin jumps above $18,000 to highest level in a month, as FTX lawyers recover $5 billion
The world’s largest digital currency climbed above $18,000 for the first time since Dec. 14, increasing in value by about 5% in the last 24 hours.Story Published at: January 12, 2023 at 08:57AM
IEA says clean energy manufacturing set for substantial growth as world enters ‘new industrial age’
The world is moving into “a new age of clean technology manufacturing” that could be worth hundreds of billions of dollars per year by 2030, the IEA says.Story Published at: January 12, 2023 at 06:39AM