Alibaba Group Holding’s recent decision to split its US$257 billion business empire into six independently-run units has been largely welcomed by investors, but internally, some employees are worried about the future of less profitable departments and job security. The Hangzhou-based tech giant last week announced its …
Renewable Energy Stocks Becoming More Valuable Right now, we’re at the cusp of a world-changing shift in the green energy economy, as both social and political will have come together to promote a switch from traditional fossil fuels to sustainable and environmentally friendly energy sources. For …
McDonald’s (MCD) will temporarily close its U.S. corporate offices this week as it plans to lay off an undisclosed number of workers as part of a larger restructuring effort, per the Wall Street Journal. In an internal memo, McDonald’s told employees that they should work from …
(Bloomberg) — Oil surged at the week’s open after OPEC+ unexpectedly announced crude output cuts that threaten to tighten the market, delivering a fresh inflationary jolt to the world economy and irking the White House. Most Read from Bloomberg West Texas Intermediate soared as much as …
A version of this post was originally published on TKer.co Stocks rallied last week, with the S&P 500 rising 3.5%. The index is now up 7% year to date, up 14.9% from its October 12 closing low of 3,577.03, and down 14.3% from its January 3, …
When a North Carolina lender agreed last weekend to assume $60 billion in loans from the failed Silicon Valley Bank, it struck a deal that provides it with protection if some of those assets go bad. How much protection? The Federal Deposit Insurance Corporation will reimburse …
The Beverage Industry The beverage industry is made up of a wide range of companies that sell non-alcoholic products such as soft drinks, health drinks, coffees, and teas, as well as alcoholic beverages like beer, wine and liquors. Many of these companies, such as PepsiCo, Coca-Cola, …
(Bloomberg) — The year of the bond is in danger of hitting a wall. Most Read from Bloomberg Global credit markets just wrapped up their second consecutive quarterly win as buyers piled in, betting that the US could tame inflation while also avoiding a hard landing. …
Altria Group maker of Marlboros and the largest U.S. cigarette company, has long viewed its dividend as the best way to return capital to investors. The approach is popular with its income-oriented retail base—an estimated 40% of shareholders, more than double the S&P 500 average. Read …
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