Business/Consumer Services
- Market
AMC discloses large passive investment in National CineMedia
Shares of National CineMedia Inc. soared Wednesday, after movie theater operator AMC Entertainment Holdings Inc. disclosed that it acquired a…
Read More » - Market
Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the…
Read More » - Market
Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team…
Read More » - Tech
Anthem Looks to Fuel AI Efforts With Petabytes of Synthetic Data
Anthem Inc.’s chief information officer says he is working with Alphabet Inc.’s Google Cloud to create a synthetic data platform…
Read More » - Market
Dow jumps over 300 points after retail sales data as investors await Fed’s Powell
U.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited…
Read More » - Market
U.S. retail sales climb in April in a sign economy still has spunk
The numbers: Sales at U.S. retailers rose a solid 0.9% in April and signaled the economy still has plenty of…
Read More » - Finance
KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
KPMG is set to receive a £14.4m fine and one of its ex-partners is facing a 15-year ban from the…
Read More » - Tech
Smart Office Buildings Can Help Sniff Out Viruses but Are Vulnerable to Hacks
A camera recognizes employees’ faces and hails an elevator programmed to bring them to their floor. Sensors on the walls…
Read More » - Finance
EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
Read More » - Finance
Clifford Chance promotes 37 lawyers to partner worldwide
Clifford Chance has promoted 37 lawyers to its partnership, a jump of more than 25% on its 2021 round, and…
Read More » - Market
Why is the stock market falling? Dow drops nearly 900 points as investors weigh Fed’s policy path, earnings
U.S. stocks fell sharply Friday, as investors continued to weigh hawkish comments on interest rates by Federal Reserve Chairman Jerome…
Read More » - Finance
Carter-Ruck, CMS lawyers should face US visa bans over Russia work, says US congressman Steve Cohen
A US congressman has called for UK libel lawyers from law firms such as CMS, Carter-Ruck and Harbottle & Lewis…
Read More » - Market
The IRS has already issued 70 million refunds — here’s how you can check on yours this Tax Day
It’s Tax Day for most Americans, which is the deadline to pay off any income taxes owed and either submit…
Read More » - Market
‘Beer man here… for your empties’: Anheuser Busch and MLB will add recycling hawkers to the stands
Anheuser-Busch is linking up with Major League Baseball and the National Football League to launch what it’s calling the National…
Read More » - Tech
Russian Tech Spending Declines as Sanctions Take Toll
Information-technology spending in Russia is expected to drop 39% this year as global business sanctions triggered by the invasion of…
Read More » - Market
Musk commits to 2023 deliveries of Cybertruck pickup and Tesla Semi during hot-ticket nighttime event at Texas ‘gigafactory’
AUSTIN, Texas (AP) — The “Cyber Rodeo at Giga Texas,” an invitation-only party for thousands of guests at Tesla’s new…
Read More » - Finance
Linklaters promotes 41 to partner – here are the names
Linklaters has promoted 41 lawyers to its partnership, including 17 in its London office. The Magic Circle firm has increased…
Read More » - Market
Ketanji Brown Jackson’s Supreme Court nomination ties in Senate committee vote but remains on track
The Senate Judiciary Committee on Monday deadlocked over Judge Ketanji Brown Jackson’s nomination to the Supreme Court, but she is…
Read More » - Market
U.S. stocks little changed in choppy trade after March jobs report reinforces Fed rate-hike expectations
U.S. stock benchmarks were little changed in choppy trade Friday afternoon, after a March jobs report reinforced a picture of…
Read More » - Market
Investors are fed up with Netflix and Facebook’s parent. Why this portfolio manager is digging in and buying more.
It has been a quarter to forget for two of the megacap tech giants, Netflix and Facebook parent Meta Platforms.…
Read More » - Finance
Accenture mulls handing Russia firm to local staff as parent pulls out
Accenture’s Russian management is rushing to set up a local successor firm after the consulting giant said it would close down its…
Read More » - Finance
Citigroup hires Bank of America’s Richard Abel for corporate broking in UK push
Citigroup has hired a managing director from Bank of America to bolster its corporate broking business as it continues to…
Read More » - Finance
Evergrande ropes in advisers to review $2bn cash seizure
A quartet of outside law firms and accountants will help probe how banks ended up taking control of more than $2bn at…
Read More » - Market
These 10 dividend stocks with yields of at least 5% can help you take on stagflation or a recession
Word of progress in ceasefire talks between Russian and Ukrainian negotiators in Turkey on March 29 led to a positive…
Read More » - Finance
Pressure grows as law firms slammed for taking Russia ‘blood money’
Pressure continues to build on international law firms to exit Moscow and cut ties with Russian clients following Vladimir Putin’s…
Read More » - Finance
Law firms face fierce pressure from MPs to shutter Moscow offices
Law firms are facing increasing political pressure to pull the plug on their Moscow operations and cut ties with Russian…
Read More » - Market
Snowflake stock plunges 30% after annual forecast underwhelms
Snowflake Inc. shares were clobbered in extended trading Wednesday after the software company suggested product sales will slow down this…
Read More » - Finance
Linklaters shifts to condemn Russia over Ukraine, Allen & Overy breaks silence
Linklaters and Allen & Overy have issued statements condemning the Russian invasion of Ukraine seven days after the initial assault…
Read More » - Finance
Linklaters stops short of condemning invasion of Ukraine as pressure grows on law firms over Russia links
Magic Circle law firm Linklaters, has noted Russia’s invasion of Ukraine as “deeply distressing” but stopped short of condemning the…
Read More » - Market
Adidas to Use $1.7 Billion From Reebok Sale in New Buyback
By Joshua Kirby Adidas AG said Tuesday that it is planning a new share-buyback program amounting to up to 1.5…
Read More » - Market
Berkshire Hathaway Shareholders Meeting Will Be Only for Those Vaccinated Against Covid-19
Berkshire Hathaway will host an in-person shareholder meeting in Omaha this spring following two years of virtual events—but only shareholders…
Read More » - Market
In 26 cities, buying a home is more affordable than renting. The bargain rents of 2020 are now long gone.
When it comes to rental rates, it’s definitely not 2020 anymore. The cost to rent a home is rising at…
Read More » - Finance
BlackRock says its foray into TikTok shows ‘critical’ battle for Gen-Z investors
BlackRock, the world’s largest asset manager, released its first video on TikTok, becoming the latest financial services giant to tap…
Read More » - Finance
KPMG’s £1.3bn headache: Five things you need to know about the mammoth Carillion claim
KPMG’s audits of Carillion before the construction company’s dramatic collapse in January 2018 are proving to be a millstone around…
Read More » - Finance
Why Calpers piled into AMC and GameStop but trimmed its stakes in Palantir
The largest public pension in America recently loaded up on some volatile stocks, invested more in Warren Buffett’s firm, and…
Read More » - Finance
How UK’s shock DeFi tax rules could torpedo London’s crypto and fintech boom: ‘It could just drive trading to Portugal’
The UK tax authority’s approach to taxing DeFi transactions may drive down trading volumes and make the market less liquid. That’s…
Read More » - Finance
UK law firm Gunnercooke to accept payment in crypto
UK law firm Gunnercooke has said it will accept payment for its legal services in cryptoassets such as bitcoin and…
Read More » - Finance
Woodford probe to drag on for years as some victims ‘died while the FCA dithered’
Investors burned by Neil Woodford have been waiting for justice since the former star stock-picker’s flagship fund shuttered in 2019. They’ll probably…
Read More » - Tech
Marketers Prepare for Further Change as Google Pledges Mobile-Privacy Moves
Google’s promise to restrict consumer tracking on mobile devices might represent an industry shift in the way advertisers locate consumers…
Read More » - Finance
DLA Piper mulls full financial merger
DLA Piper has examined a full financial merger between the law firm’s US and non-US arms, according to three people with…
Read More » - Finance
Kirkland & Ellis shocks staff with stricter-than-expected office mandate
Kirkland & Ellis has become the latest major law firm to spell out new rules for hybrid working after the pandemic. Kirkland…
Read More » - Finance
DLA Piper kicks off senior partner election as five candidates fight for votes
DLA Piper has kicked off an election to find the firm’s new senior partner, with five candidates standing in the race. The…
Read More » - Market
As investors punish Shopify, these 15 ecommerce companies are expected to grow sales the most through 2023
Shopify had a blowout fourth quarter, with sales rising 41% from a year earlier, the company reported Wednesday. Sales are…
Read More » - Market
U.S. retail sales surge 3.8%. Economy perks up in the face of high inflation
The numbers: Sales at U.S. retailers such as Amazon and Best Buy jumped 3.8% in January as Americans bought more…
Read More » - Market
This is what it will take to drive the S&P 500 beyond 5,000 this year, say global fund managers
And just like that. A positive turn in Ukraine-Russia newsflow has a rebound firmly underway for risk assets on Tuesday.…
Read More » - Market
House advances measure on Biden’s spending plans in 220-212 vote
The Democratic-run House on Tuesday advanced a key measure tied to President Joe Biden’s big spending plans in a 220-212…
Read More » - Market
These 15 stocks of retailers are expected to rise up to 97% over the next year
With so many challenges for traditional retailers, investors can be forgiven for giving up on the entire sector. But there…
Read More » - Market
Weekend reads: What to do if a company you trust has failed to protect your personal data
There’s never a shortage of trouble in the world, but if a data breach causes your personal information to be…
Read More » - Market
The reflation trade is fading. Here’s what to avoid, and where to seek refuge, in commodities.
Slumbering markets seemed to have woken up this week, and not in a particularly good mood. It’s true that the…
Read More » - Market
Nvidia earnings top Street view with record data-center, gaming revenue, but supply constraints still a concern
Nvidia Corp. shares rose in the extended session Wednesday after the chip maker’s earnings topped Wall Street estimates and the…
Read More »
