Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Companies can “change stripes” with good management

[colabot1] Strong management can make all the difference to a company “changing stripes” in a corporate pivot, CNBC’s Jim Cramer said Thursday. “Although it’s very difficult, it happens,” Cramer said. Cramer pointed out Costco as an excellent example of the difference competent management can make. The big-box retailer is used to having to change strategy …

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China’s economic recovery is taking longer than expected, says Citi

[colabot1] Pictured is a shopping street in Shenzhen, China, Thursday, March 30, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China’s economic recovery is taking longer than expected, prompting Citi analysts to push back their forecast for a stock market rebound by three months. Instead of June, Citi now expects to wait until late …

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Alzheimer’s Patients See Benefits of Leqembi Even When Stopped

[colabot1] Research at Biogen Source: Biogene Alzheimer’s patients who take Leqembi retain treatment benefits even when they stop taking it, new search by Eisai watch. The Japanese drug and its partner Biogen last week published an additional analysis of the clinical trials of the monoclonal antibody drug, also known as lecanemab. Alzheimer’s disease continued to …

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Eisai Leqembi patients retain their benefits when they stop the drug

[colabot1] Research at Biogen Source: Biogene Alzheimer’s patients who take Leqembi retain treatment benefits even when they stop taking it, new search by Eisai watch. The Japanese drugmaker and his partner biogenic last week published an additional analysis of the clinical trials of the monoclonal antibody drug, also known as lecanemab. Alzheimer’s disease continued to …

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Airlines respond to congested airports and rising costs with bigger planes

[colabot1] A United Airlines plane taxis at Newark International Airport in Newark, New Jersey on January 11, 2023. Kena Betancur | AFP | Getty Images NEWARK, New Jersey — Faced with congested airports, rising costs, a shortage of pilots and an upsurge in travel demand, airlines are increasingly turning to the same remedy: bigger planes …

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In his memoir, the author blames the American health care system for the parents’ untimely death

[colabot1] Nicole Chung Source: Carletta Girma In author Nicole Chung’s new memoir, “A Living Remedy“, she says watching both her parents die in the space of two years. It was all the more painful because her mother and father could not afford the medical treatment they needed. . Chung blames the country’s failing health system, …

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Vice President Harris to Announce Major U.S. Community Solar Power Order

[colabot1] U.S. Vice President Kamala Harris waves as she arrives to address young people gathered at Black Star Square in Accra, Ghana, Tuesday, March 28, 2023. Misper Apawu | Swimming pool | Reuters Vice President Kamala Harris plans to announce on Thursday a commitment between South Korean solar cell maker Qcells and Virginia-based Summit Ridge …

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Prohibits adults from assisting minors across state lines

[colabot1] Idaho Governor Brad Little speaks on Day 2 of the Washington, DC Conservative Political Action Conference (CPAC) at the Gaylord National Harbor Resort & Convention. Lev Radin | Light flare | Getty Images Idaho Governor Brad Little on Wednesday signed a bill that prohibits adults from helping minors cross state lines to get abortions …

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Clarence Thomas took GOP megadonor Harlan Crow on secret luxury trips: report

[colabot1] Associate Justice Clarence Thomas during the official group photo at the Supreme Court in Washington, DC, U.S., Friday, October 7, 2022. Eric Lee | Bloomberg | Getty Images Supreme Court Justice Clarence Thomas accepted secret luxury trips from Republican megadonor Harlan Crow for more than two decades in apparent violation of a financial disclosure …

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Layoffs have nearly quintupled so far this year, with tech companies leading the way

[colabot1] Google headquarters in Mountain View, California, U.S., on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings numbers on Feb. 2. Marlena Sloss | Bloomberg | Getty Images Companies announced nearly 90,000 layoffs in March, a sharp increase from the previous month and a giant acceleration from a year ago, outplacement firm …

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Macron begins tough talks with China’s Xi Jinping during state visit

[colabot1] French President Emmanuel Macron and European Commission President Ursula von der Leyen met with Chinese President Xi Jinping. Swimming pool | Getty Images News | Getty Images Two of Europe’s most important political heavyweights are talking to Chinese President Xi Jinping at a time when EU-Sino relations are at a serious crossroads. On the …

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Malaysia wants to work with US and China: Trade Minister Zafrul Aziz

[colabot1] Malaysia is committed to working with the United States and China, Malaysian Commerce Minister Tengku Zafrul Aziz told CNBC on Thursday, amid ongoing tensions between the two economic giants. His comments come as tensions between the United States and China have escalated in recent years, over concerns ranging from trade sanctions to tech rivalry …

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India, Japan and South Korea will be ‘hardest hit’ if oil prices hit $100

[colabot1] The Esso Fawley Oil Refinery, operated by Exxon Mobil, is seen in Fawley, UK, Thursday May 14, 2020. Luke MacGregor | Bloomberg | Getty Images The surprise production cut by OPEC and its allies has pushed up oil prices – and analysts say major oil importers like India, Japan and South Korea will feel …

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Russian and Ukrainian forces are exhausted from fighting for the ruins of Bakhmut

[colabot1] Ukrainian soldiers train at an undetermined location in Donetsk Oblast on April 4, 2023. Anadolu Agency | Getty Images After eight months of intense and brutal fighting between Russian and Ukrainian forces in and around Bakhmut in eastern Ukraine, both sides are weary as they continue to fight for a town that is now …

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‘Big Short’ investor sees disaster brewing in housing markets

[colabot1] An aerial view shows a flooded neighborhood in the unincorporated community of Pajaro in Watsonville, California on March 11, 2023. Josh Edelson | AFP | Getty Images More than a decade after a mortgage meltdown in the United States threatened to destroy the international financial system, a “Big Short” investor once again sees financial …

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