Category: Market News
Oil futures climbed on Monday, with the U.S. oil benchmark logging its highest settlement in almost two weeks. An expectation that the European Union might well consider imposing their own embargo on Russia oil, despite concerns over any such ban might do to their own economies, helped provide support for oil, said Michael Hewson, chief […]
U.S. stocks fell Monday after Federal Reserve Chairman Jerome Powell said policy makers could lift interest rates by more than a quarter of a percentage point in future meetings as they battle inflation that was already running too high before the Russia-Ukraine war pushed up commodity prices. Equities finished well off session lows, however, trimming […]
U.S. government officials gave “classified, detailed briefings” last week to companies and sectors due to concerns about potential Russian cyberattacks, a White House official told reporters Monday. “Several hundred companies were brought in to get that briefing,” said Anne Neuberger, the Biden administration’s deputy national security adviser for cyber and emerging technology. President Joe Biden […]
Gold futures saw a modest climb on Monday, marking only their second gain in seven sessions. Prices traded lower for part of the session as Federal Reserve Chairman Jerome Powell said inflation is “much too high” and left the door open for more than one interest-rate hike of more than 25 basis points this year. […]
Taco Bell is making a vegetarian meal available on its mobile app and website starting Monday as part of the chain’s 60th anniversary celebration. The meal, created in partnership with Los Angeles-based streetwear brand Born X Raised, will include the Black Bean Crunchwrap Supreme and Spicy Potato Soft Taco. The partnership will also include a […]
Capri Holdings Ltd. CPRI, -1.19% announced Monday that Emmanuel Gintzburger has been named chief executive of the Versace luxury label, effective September 12, 2022. Gintzburger joins from Alexander McQueen where he has been CEO since May 2016. Alexander McQueen is part of the Kering KER, -0.94% portfolio. Kering announced Monday that Gianfilippo Testa has been […]
Cronos Group Inc. CRON, +3.74% CRON, +3.62% on Monday named its executive chairman Mike Gorenstein as chairman, president, and CEO of the cannabis company. The move takes effect Monday after Kurt Schmidt retired as CEO. Gorenstein previously worked as CEO of Cronos Group from 2016 to 2020, where he was named executive chairman. Jim Rudyk, […]
Berkshire Hathaway BRK.A, -1.05% BRK.B, -0.74% struck an $11.6 billion, all-cash deal to buy property-and-casualty reinsurance company Alleghany Corp. Y, -0.08%, the companies announced Monday. The $848.02 per share price is 1.26 times book value as of Dec. 31 and a 29% premium to its average price over the last 30 days, the companies said. […]
Guess Inc. GES, +1.28% responded on Thursday to proxy materials opposing the re-election of Paul and Maurice Marciano to the company’s board from activist investor Legion Partners, calling the effort a “massive distraction” to the company’s senior executives. “The company believes the foundation of Legion’s withhold campaign is based on information from the media and […]
Noodles & Co. NDLS, -1.51% said Thursday that it has added Panko Chicken made by Impossible Foods to menus in select markets. A plant-based Impossible Orange Chicken Lo Mein is also available, in addition to a traditional meat version. Customers have already responded positively to the company’s additions of Zoodles and Caulifloodles, according to Nick […]