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 …
Read More »Monthly Archives: October 2023
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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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” …
Read More »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 …
Read More »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 …
Read More »