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Monthly Archives: April 2023

Swiss National Bank to face Credit Suisse and climate protests at fraught AGM

The Swiss National Bank has come into the spotlight following its assistance in UBS’ takeover of Credit Suisse. Bloomberg / Contributor / Getty Images The Swiss National Bank will hold its annual general meeting in Bern on Friday against a backdrop of protest over its action on climate change and …

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Japan’s new central bank governor sticks to negative rates, announces policy review

The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan left its interest rates unchanged in newly appointed Governor Kazuo Ueda’s first policy meeting. The decision was in line with economist …

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How The Sports Bra became haven for women’s sports fans

When Jenny Nguyen signed the lease to create her dream bar, she wasn’t sure it would stay open for more than a few months. But earlier this month, 43-year-old Nguyen’s first-of-its-kind establishment in Portland, Oregon, celebrated its one-year anniversary. Aptly named The Sports Bra, it’s a sports bar where only …

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Thursday’s rally showed the power of stock picking, Jim Cramer says

In a week jam-packed with big earnings reports, there’s no harm in putting stocks on your shopping list and waiting to buy until after earnings-related jumps have died down, Jim Cramer said Thursday. While plenty of experts might advise against stock picking and suggest instead to put your bets on …

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China’s SMIC may struggle to make cutting-edge chips competitively

China’s largest chipmaker SMIC won’t be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Vcg | Visual China Group | Getty Images “It’s just not commercially profitable for SMIC to make those chips with less advanced equipment,” said Phelix …

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HON, CAT, META and more

Southwest Airlines planes sit idle on the tarmac after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International Airport in Chicago, Illinois, April 18, 2023. Jim Vondruska | Reuters …

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Meta shares are up 170% in five months on virtually no growth

Andrew Ross Sorkin speaks with Meta CEO and founder Mark Zuckerberg during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Meta is no longer the runaway growth story …

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Wholesale egg prices may hit $1 for first time since 2021

Grace Cary | Moment | Getty Images Wholesale egg prices are poised to fall to $1 a dozen in coming weeks — the lowest level in almost two years — as prices undergo a dramatic retreat from record highs over the winter. Wholesale prices — which retailers like grocery stores …

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Amazon, Intel, Snap, Pinterest and more

A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images Check out the companies making headlines after hours. Amazon – Amazon jumped 7% in extended trading after reporting a first-quarter revenue …

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Intel (INTC) earnings report Q1 2023

Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel reported first-quarter results on Wednesday that …

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