A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images A US senator from Wisconsin is urging Kohl’s to not accept any buyout offer that might precede a bankruptcy filing or threaten workers’ jobs in the retailer’s home state. Sen. Tammy Baldwin, a Democrat, sent a letter to Kohl’s board of […]
The Yale professor who is monitoring companies that are still doing business in Russia following its unprovoked invasion of neighboring Ukraine has upped the ante by reclassifying the list into five categories with the fifth titled “digging in” — or defying public demands for exit. Some 39 companies, including Koch Industries Inc., packaging company Ball […]
What better time to invest in financials than at a time with rampant inflation and a Federal Reserve promising 11 rate hikes over the next two years? That’s not the view at Deuterium Capital, which is expecting a sharp slowdown in the economy. The Deuterium Global Dynamic Allocation Fund is mostly driven by a macroeconomic […]
CNN — As gas prices soared and deepened the pain at the pump this month, consumers reacted by searching for — and possibly dreaming of — more fuel-efficient vehicle alternatives. Web search interest in electric vehicles reached a record high in the US in March, according to Google Trends. While high gas prices are certainly […]
Photo: Tom Williams (PA) If you’re tired of skyrocketing gas prices and are thinking about the benefits of an electric ride, chances are you’re not alone. But even though switching to an electric vehicle may seem like a no-brainer, there are some significant obstacles—including new problems caused by the conflict in Ukraine—facing the EV industry […]
Edward “Ned” Johnson III, who transformed Fidelity Investments into a financial behemoth and opened Wall Street to millions of Americans, died Wednesday. Mr. Johnson was 91 years old. “He passed away peacefully at home in Florida surrounded by his family,” Abigail Johnson, who succeeded her father as Fidelity’s chief executive in 2014 and chairman in […]
new York CNN Business — The US oil industry doesn’t appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame. Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded […]
Check out the companies making headlines before the bell: Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of $1.93 per share, missing the $2.10 consensus estimate, with revenue and comparable-store sales also below analyst forecasts. Darden said the omicron variant significantly impacted guest demand, staffing levels and […]
In Los Angeles County, by far the nation’s most populous with more than 10 million residents, gas now has reached an average price of $6.03 a gallon, according to AAA. Gas prices have also crossed the $6 mark in neighboring Ventura County, nearby San Luis Obispo County and a few mostly rural California counties, while […]
News of the outage helped drive US oil prices 5.2% higher to settle at $114.93 a barrel. Brent crude, the world benchmark, jumped 5.3% to $121.60 a barrel. The Caspian Pipeline Consortium, a system that carries oil from West Kazakhstan and Russian oil producers to the Black Sea, said in a statement Tuesday that an […]
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