China’s manufacturing PMI edges lower, signaling continued weakness
An official gauge of China’s manufacturing activity indicated contraction for a second consecutive month in November, signaling continued weakness in the economy despite Beijing’s recent efforts to juice up growth amid a protracted housing slump. China’s official manufacturing purchasing managers’ index slipped to 49.4 in November from 49.5 in October, the National Bureau of Statistics […]
UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images The United Auto Workers union is launching an unprecedented campaign to organize 13 non-union automakers in […]
Iger explains Marvels flop, too many Disney sequels
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images One year after returning to the helm of Disney, Bob Iger said Wednesday his top priority at the […]
$88 for a Christmas tree? 5 ways to save money on your holiday tree.
Perhaps you’re not in the market for a Christmas tree as big as the 80-foot Norway spruce at New York City’s Rockefeller Center, which will be lit on Wednesday in a ceremony carried live on NBC and Peacock CMCSA, -0.57% starting at 8 p.m. Eastern. But if you’re shopping for a Christmas tree — a […]
Foot Locker (FL) earnings Q3 2023
Shares of Foot Locker rose Wednesday in premarket trading after the company posted surprise earnings and sales beats and said it saw strong results over the Thanksgiving weekend. The sneaker and sportswear retailer narrowed its full-year forecast, reflecting slightly better sales trends. It said it now expects sales to drop by 8% to 8.5% for […]
Wall Street strategists actually called 2023 correctly — apart from these seven stocks
As Wall Street strategists roll out their 2024 forecasts, they’ve been getting plenty of side-eye for largely steering their clients wrong on where stocks would end up in 2023. But Jim Bianco, president and macro strategist at Bianco Research, has crept to their defense, arguing that they weren’t 100% off base. “So, yes, strategists were wrong […]
Black Friday weekend shopping turnout soars to a record
Shoppers browse for dresses during the Black Friday sale at the Vivo Activewear women’s clothing store in downtown Nairobi, Kenya November 24, 2023. Thomas Mukoya | Reuters Shoppers kicked off the holiday season with a bang, as a record 200.4 million people hit stores and searched websites for gifts from Thanksgiving Day through Cyber Monday, […]
Opinion: What will Warren Buffett and Berkshire Hathaway be without Charlie Munger?
Charlie Munger, who died Tuesday at the age of 99, and Warren Buffett are a shining example that two heads are better than one. Where would Buffett be without Munger, and vice versa? Successful, yes, but not to the stratospheric heights they reached together. Thanks to that partnership, thousands of Berkshire Hathaway BRK.A BRK.B shareholders have […]
Family offices move money out of stocks and into private markets
Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey. A survey of North American family offices conducted by Campden Wealth and RBC found that family offices had 29.2% of their investments in private markets, which […]
BOJ policy board member says Japan still needs easy monetary policy
Bank of Japan policy board member Seiji Adachi said that risks to Japan’s inflation were skewed to the upside but it was still too early to discuss monetary tightening. “It is appropriate to patiently continue monetary easing at this point,” Adachi said in a speech on Wednesday. He said Japan has yet to achieve a […]
