Carmaker Stellantis on Wednesday posted a 14% annual rise in first-quarter net revenues as an easing of semiconductor supply chain pressures boosted shipments.Story Published at: May 03, 2023 at 08:02AM
Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation
Turmoil in the banking sector means central banks face in increasingly “delicate dance” in their efforts to rein in inflation, World Economic Forum Managing Director Saadia Zahidi told CNBC.Story Published at: May 03, 2023 at 07:52AM
Bank of Korea governor says it’s ‘premature’ to talk about rate cuts
“It would be a little bit premature to talk about pivot at this moment,” Bank of Korea Governor Rhee Chang-yong told CNBC.Story Published at: May 03, 2023 at 02:31AM
Michael Milken says recent crisis is the same mistake banks have been making for decades
Famed investor Michael Milken said the current banking crisis stemmed from a classic asset-liability mismatch that had played out miserably time and again. Story Published at: May 03, 2023 at 02:19AM
Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs
For Morgan Stanley and others, the cuts show Wall Street is wrangling with a slump that’s dragging on for longer than expectedStory Published at: May 02, 2023 at 01:39PM
Hindenburg Research goes after Carl Icahn in latest campaign for market-moving short seller
The Nathan Anderson-led firm took a short position against Icahn Enterprises, alleging “inflated” asset valuations, among other reasons.Story Published at: May 02, 2023 at 09:01PM
Ford restores faith with quarterly results, while Starbucks proves to be a China play
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter, while Starbucks’ (SBUX) quarterly sales were bolstered by China.Story Published at: May 03, 2023 at 12:56AM
AMD revenue drops 9% as PC chip sales decline sharply
AMD’s report comes as the PC industry is in a deep slump, with shipments dropping 30% in the first quarter, according to IDC. Story Published at: May 02, 2023 at 09:32PM
Starbucks is about to report earnings. Here’s what to expect
Shares of Starbucks have risen 14.6% this year, giving the company a market value of $131 billion.Story Published at: May 02, 2023 at 08:30PM
That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions
“Pig butchering” operations run out of Asia but target victims globally, with scammers promising love and wealth to get their victims to invest their fortunes.Story Published at: May 02, 2023 at 03:53PM