International Business

Oil At $100 For First Time Since 2014 - The Shock's Getting Bigger

Oil At $100 For First Time Since 2014 - The Shock's Getting Bigger

Enda Curran and Rich Miller, Bloomberg | Thursday February 24, 2022

Oil's surge to $100 a barrel for the first time since 2014 represents a double-blow to the world economy by further denting growth prospects and driving up inflation.

Apple Shareholders Urged To Oppose CEO Tim Cook's $99 Million Pay Package

Apple Shareholders Urged To Oppose CEO Tim Cook's $99 Million Pay Package

Scott Carpenter, Bloomberg | Thursday February 17, 2022

Apple Inc. investors should vote against the $99 million pay package awarded last year to Chief Executive Officer Tim Cook, a shareholder adviser firm recommends.

"Too Early To Say" If World Facing Sustained Inflation: IMF Chief

"Too Early To Say" If World Facing Sustained Inflation: IMF Chief

Reuters | Friday February 04, 2022, Washington

The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation, but warned that failure to make economies more resilient to future shocks could lead to big problems.

Meta Plunges 20% After Facebook Loses Daily Users For First Time

Meta Plunges 20% After Facebook Loses Daily Users For First Time

Reuters | Thursday February 03, 2022

Facebook owner Meta Platforms Inc's shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes and increased competition for users from rivals like TikTok.

Tesla Expected To Post Record Earnings; Cybertrucks, New Factories In Focus

Tesla Expected To Post Record Earnings; Cybertrucks, New Factories In Focus

Reuters | Tuesday January 25, 2022

Tesla Inc is expected to post record revenue on Wednesday, but analysts and investors are focusing on how fast Tesla can scale up production at two new factories this year with technology changes as well as battery and other supply chain constraints clouding the outlook.

Asian Stocks Rise, Brent Crude At Seven-Year High On Recovery Hope

Asian Stocks Rise, Brent Crude At Seven-Year High On Recovery Hope

Agence France-Presse | Tuesday January 18, 2022, Hong Kong, China

Most Asian equities rallied Tuesday and Brent crude hit a more than seven-year high as optimism over the global recovery returned to trading floors, though concerns about the end of long-running central bank support tempered sentiment.

Credit Suisse Head Steps Down Over Breach Of Covid-19 Rules

Credit Suisse Head Steps Down Over Breach Of Covid-19 Rules

Agence France-Presse | Monday January 17, 2022, Zurich, Switzerland

The head of Credit Suisse has resigned less than a year after taking the reigns of the scandal-hit bank following reports that he had broken Covid quarantine rules.

Emerging Economies Must Prepare For U.S. Fed Policy Tightening: IMF

Emerging Economies Must Prepare For U.S. Fed Policy Tightening: IMF

Reuters | Monday January 10, 2022, Washington

Emerging economies must prepare for U.S. interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves

"Cathartic Upchuck" In 2022 May Send S&P 500 Down 10%, Says Top Strategist

"Cathartic Upchuck" In 2022 May Send S&P 500 Down 10%, Says Top Strategist

Vildana Hajric and Michael P. Regan, Bloomberg | Monday January 10, 2022

A "cathartic upchuck" in the stock market could send the S&P 500 down 10% in the first half of the year as the Federal Reserve tightens monetary policy and valuation multiples compress, according to Chris Harvey, the head of equity strategy at Wells Fargo & Co.

Is Apple Worth $3 Trillion? Here's What Analysts Said

Is Apple Worth $3 Trillion? Here's What Analysts Said

Reuters | Tuesday January 04, 2022

Is Apple Inc really worth $3 trillion 16 months after becoming the first company valued at $2 trillion? The answer depends on how one views the iPhone maker's ability to keep up the unprecedented growth of the past 15 years.

Elon Musk Says "Sold Enough" Tesla Shares; Slams California For "Overtaxation"

Elon Musk Says "Sold Enough" Tesla Shares; Slams California For "Overtaxation"

Reuters | Wednesday December 22, 2021

Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.

Oracle In Talks To Buy Electronic Medical Records Company Cerner: Report

Oracle In Talks To Buy Electronic Medical Records Company Cerner: Report

Reuters | Friday December 17, 2021

If the deal materializes, it will be the biggest ever for Oracle, which has a market value of more than $280 billion.

Reddit Files For U.S. IPO, Recently Wanted $15 Billion Valuation

Reddit Files For U.S. IPO, Recently Wanted $15 Billion Valuation

Reuters | Thursday December 16, 2021

Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the U.S. Securities and Exchange Commission.

Omicron, More Lockdowns And Other Big Economic Risks For 2022

Omicron, More Lockdowns And Other Big Economic Risks For 2022

Tom Orlik, Maeva Cousin and Enda Curran, Bloomberg | Wednesday December 15, 2021

The Covid years are littered with predictions that didnt work out. For anyone looking ahead into 2022, that should be enough to give pause.

This Is The New Favorite Buzzword In The Corporate World

This Is The New Favorite Buzzword In The Corporate World

Matthew Boyle, Bloomberg | Tuesday December 14, 2021

As corporate executives grapple with the pandemic, rising inflation and stubborn labor shortages, they all can agree on one thing: Its been quite a journey.