The New Year could bring a new you. Despite what the poets say, money, or at least financial security, can be one of the most important steps toward happiness. On the other hand, money mismanagement and debt can result in financial anxiety, which can cloud decision making and lead to a bad cycle. There are three basic moves those who ...
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Apple’s $3trn valuation should unnerve investors
Apple Inc became the first publicly traded company valued at $3 trillion, touching the historic milestone briefly after a weeks-long rally in its stock price. Yet for investors looking for a surefire bet as 2022 gets under way, the sudden surge ought to give them pause. The climb has been striking. Since mid-November, as major stock indexes have stayed ...
Read More »Airbus facing $340 million lawsuit over bribery scandal
Bloomberg Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed to properly disclose a sprawling corruption scandal and subsequent settlement. The lawsuit, filed in the Netherlands, was served against the French aircraft maker, its auditors as well as current and former executives, according to an emailed statement sent ...
Read More »Meme stocks surge with retail investors dipping back in after slump
Bloomberg Renewed retail investor demand and quarterly results from Bed Bath & Beyond Inc. weren’t enough to lift beaten down meme stocks as the group resumed declines after a volatile session. A basket of so-called meme stocks tracked by Bloomberg extended a three-day losing streak even as Bed Bath & Beyond jumped 8% after its adjusted gross margin in ...
Read More »Walmart halves paid leave for workers testing Covid positive
Bloomberg Walmart Inc. is cutting paid leave in half for workers who test positive for Covid-19 or have to quarantine after exposure to the virus, offering only one week through March 31 rather than two. Employees who catch Covid and are unable to return to work after a week may be eligible for pay replacement for as long as ...
Read More »Alaska Air cuts January flights on ‘unprecedented’ sick calls
Bloomberg Alaska Airlines cut 10% of its remaining January flight schedule as an “unprecedented†level of employees unable to work because of the Omicron coronavirus variant undercut its ability to operate reliably. “Right now, we need to build more reliability back into our operation as we deal with the impacts of Omicron and during a time when guests generally ...
Read More »Omicron’s spread means more food outages at US stores
Bloomberg The highly contagious Omicron virus variant is disrupting already stressed food supply chains, sickening so many workers that more shortages at grocery stores are all but certain. Supermarkets have been struggling to keep food fully stocked throughout the pandemic as a result of labor shortfalls in every part of the food system, from farms to manufacturers to distributors. ...
Read More »Putin’s troops go in as Kazakh leader orders protesters shot
Bloomberg Kazakhstan’s president said he’s ordered security forces to shoot protesters “without warning†as he declared victory with Russia’s help in crushing unrest sweeping the central Asian nation. “Those who don’t surrender will be destroyed,†President Kassym-Jomart Tokayev said in a televised address to the nation Friday. He rejected all calls for negotiations with the protesters, calling them “criminals, ...
Read More »Japan, US say they’ll work together to deter China threats
Bloomberg The US and Japan expressed concern about China’s efforts “to undermine the rules-based order†and resolved to work together to respond to its activities that threaten security, underscoring positions that have rankled Beijing. At a virtual meeting of the two allies’ foreign and defense ministers Friday Japan time, the countries also “voiced concern about China’s activities in the ...
Read More »Biden hammers Trump over riot, warns of ongoing threat
Bloomberg President Joe Biden warned the insurrection at the US Capitol is part of an assault on democracy that Donald Trump and his supporters are continuing to wage a year after the deadly riot. Biden’s speech was his most detailed rebuttal yet of the effort by Trump and prominent Republicans to raise doubt about the results of the 2020 ...
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