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Monthly Archives: October 2023

Nita Ambani on women empowerment, India’s bid for 2036 Olympics

International Olympic Committee (IOC) member Nita Ambani addresses the media after cricket was approved as an Olympic sport on the second day of the 141st session of the IOC in Mumbai on October 16, 2023. Cricket will feature as one of five new sports at the 2028 Olympic Games in …

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Amazon’s profit margin nears record high after CEO Jassy’s cost cuts

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon founder Jeff Bezos famously …

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Chevron, Exxon’s latest buys could herald a new era of oil megamergers

Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Energy heavyweights Chevron and Exxon Mobil announced shiny new acquisitions this month — and some industry watchers say it could be the start of more multibillion megadeals to come. Chevron on Monday said it’s buying Hess for $53 billion …

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BOJ tools include YCC, bond buying, interest rates

The Japan flag is juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty Images Bank of Japan policymakers will gather in Tokyo next week for their penultimate meeting this year. Market observers expect them to raise their inflation projections, while others think further modest adjustments to …

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How much to save monthly to retire at 65 with $2 million

Young Americans have mixed feelings about their ability to reach their retirement savings goals. On one hand, around 45% of both Gen Zers (ages 18 to 26) and millennials (ages 27 to 42), feel they’re on track, slightly ahead or significantly ahead in their retirement savings, according to a recent …

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Hong Kong property sales may surge after easing measures, prices may not

Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the …

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Retailers lobby Congress to pass Combating Organized Retail Crime Act

Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft. The National Retail Federation escalated its campaign to rally support for the bill, known as the Combating …

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Investor Byron Wien of Blackstone dies at 90

Byron Wien, noted investor whose annual “Ten Surprises” list became required reading on Wall Street, has died at age 90. His death was reported by Blackstone, where he spent the past 14 years, and was most recently vice chairman of its private wealth solutions business. Wien published his “Ten Surprises” …

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Search head testifies about how young users see it

Prabhakar Raghavan, of Google Inc., speaks during the company’s Cloud Next ’18 event in San Francisco, California, July 24, 2018. David Paul Morris | Bloomberg | Getty Images As Google fights claims that it violated antitrust law to maintain its online search dominance, the company’s search lead testified Thursday that …

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Intel (INTC) earnings report Q3 2023

Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Intel shares rose about 6% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as overall revenue declined. Here’s …

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