Citi has a new theory about the economy - and says investors should pick stocks that can stand on their own
Strategists at Citi have a new theory - the "no cycle," which is not to be confused with "no landing," the term which means an economy is not slowing down.
Global battle against inflation has largely been won, IMF says
In its latest World Economic Outlook, published Tuesday, the IMF projects that headline inflation will fall from a peak of 9.4% year-on-year in 2022 to 3.5% by the end of 2025, slightly below the ...
Nuclear-Powered AI: Big Tech's Bold Solution or a Pipedream? — Commodities Roundup
Amazon.com, Google and Microsoft each struck recent deals meant to bring more nuclear power online to satiate burgeoning energy demand tied to AI. They are betting billions of dollars that nuclear ...
HSBC to split U.K. and Hong Kong banking arms into two separate units
Elhedery's plans, which will come into force in January 2025, are set to carve HSBC up into four separate units including two covering the bank's Hong Kong and U.K. businesses and two more covering ...
GE Aerospace's stock pulls back as total sales beat, but commercial engines miss
Shares of GE Aerospace were getting hit hard in early Tuesday trading, as the aerospace and defense company beat overall third-quarter profit and revenue expectations and raised its full-year outlook, ...
Thomson Reuters Acquires AI Startup Materia
Thomson Reuters is expanding its AI footprint with the acquisition of U.S.-based accounting AI startup company, Materia. The content and technology company said Tuesday that Materia specializes in the ...
Lockheed Martin Raises Full-Year Profit Outlook as 3Q Sales Rise
Lockheed Martin raised its full-year earnings guidance after sales edged higher and its backlog hit a new high in the third ...
CVS's Karen Lynch was just ousted. Why women CEOs are 45% more likely to get fired than men.
Among them: Female CEOs have an average tenure of five years versus eight years for men, according to the Global CEO Turnover Index from Russell Reynolds, an executive search firm. Moreover, female ...
Genuine Parts stock slides on Q3 earnings miss, lowered outlook
Shares of Genuine Parts Co. fell 10.1% in premarket trading after the auto-parts company reported lower-than-expected third-quarter earnings and lowered its outlook, citing weakness in market ...
Verizon 3Q Profit Falls, Hit By Severance Charges
Verizon Communications recorded a smaller profit and flat revenue in the third quarter as workforce-reduction charges dented the bottom line. The wireless carrier posted a profit of $3.41 billion, or ...
As younger Americans seek opportunity in blue-collar jobs, some overlook the pitfalls
Despite such pitfalls, the renewed interest in skilled trades - which often do not require a bachelor's degree - underscores the reality that not everyone in the U.S. wants or can afford to go to ...
As younger Americans seek opportunity in -2-
Jason Blinsinger, a 35-year-old self-employed carpenter living in Virginia Beach, Va., got into the trades when he was a teen. Academics were never his passion, said Blinsinger, who has dyslexia.