Block Investor Day 2022 Talks Bitcoin

Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and … Read more

Hasbro slams activist investor’s proposed board directors amid proxy battle

Game maker Hasbro. Justin Sullivan | Getty Images Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker issued a letter to shareholders detailing why its current slate of board nominees … Read more

Boeing tries to catch up to SpaceX after plenty of drama

New York CNN Business – Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global aviation duopoly. A few years ago, the idea that it would dominate commercial space was a given, and companies like SpaceX, a relatively young business relying on a strategy of moving fast … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

How well is the American consumer holding up against sky-high inflation? It depends on who you ask. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its … Read more

Why this investor who paid $ 650,000 to lunch with Buffett isn’t buying or selling stocks right now

It’s 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” quips Spier in an interview. Spier says he feels less pressure to trade for trading sake after he stopped charging management fees. They also cite the possibly apocryphal … Read more

Why this investor who paid $ 650,000 to lunch with Buffett isn’t buying or selling stocks right now

It’s 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” quips Spier in an interview. Spier says he feels less pressure to trade for trading sake after he stopped charging management fees. They also cite the possibly apocryphal … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

India’s wheat was easing the food crisis. Then it banned exports

“We already have enough food for our people but our farmers seem to have made arrangements to feed the world,” Modi said in April. “We are ready to send the relief from tomorrow itself.” The world’s second largest producer of wheat after China was already walking the talk. In the 12 months to March, India … Read more

India’s wheat was easing the food crisis. Then it banned exports

“We already have enough food for our people but our farmers seem to have made arrangements to feed the world,” Modi said in April. “We are ready to send the relief from tomorrow itself.” The world’s second largest producer of wheat after China was already walking the talk. In the 12 months to March, India … Read more

US vice president, top officials visit UAE to pay respects

ABU DHABI, United Arab Emirates – Vice President Kamala Harris led a high-powered American delegation to the United Arab Emirates on Monday to pay respects to the federation’s late ruler and meet with the newly ascended president. The trip marks the highest-level visit by Biden administration officials to oil-rich Abu Dhabi, a potent show of … Read more