Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2022 in New York City. Spencer Platt | Getty Images A rough April for Wall Street has seen the S&P 500 slide for three straight weeks, and now investors will grapple with a loaded slate […]
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Getting close to retirement? Be sure your plan includes managing this risk
Musketeer | Getty Images For anyone who’s nearing retirement and watching the stock market nervously, those jitters may mean it’s time to review your portfolio. While stocks over time offer the best opportunity for long-term growth despite periods of volatility, a persisting market downturn heading into retirement can be problematic […]
These are the 10 greenest large companies of 2022, according to Just Capital
VMware at the NYSE, Dec. 14, 2021. Source: NYSE Whether by force or desire, large corporations are paying closer attention to their environmental footprints and risks. Some, however, are moving more quickly toward the goal of limiting global warming than others. New rules were recently proposed by the U.S. Securities […]
Why the U.S. is going after yachts and mansions of Russian billionaire oligarchs
From chasing down yachts to seizing Italian villas, the global effort to punish Russian oligarchs for their financial ties to Vladimir Putin’s invasion of Ukraine has been unprecedented. For its part, the U.S. has arranged its own special task force — known as Task Force “KleptoCapture” — within the Department […]
American Eagle is pitching a ‘frenemy network’ of vertical logistics to its retail peers — and it’s paying off
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle Outfitters wants to be more like Amazon. Not to get in the business of selling everything from shoes to pet food to toilet paper. But to master […]
Liz Cheney denies recording bombshell tape of Kevin McCarthy saying he would urge Trump to resign after Jan. 6 riot
Rep. Liz Cheney on Friday denied recording or leaking audio from a phone call that appears to show House Minority Leader Kevin McCarthy saying he would tell then-President Donald Trump to resign after the Jan. 6 Capitol riot. A portion of that call, dated Jan. 10, 2021, aired Thursday night […]
Gap stock slides 18% after cutting sales guidance; CEO of Old Navy division to leave
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. shares slid more than 18% Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it […]
Stocks are dropping. What should you do?
Casarsaguru | E+ | Getty Images With a background of high inflation and the war between Russia and Ukraine still unfolding, April has been an unhappy month for stocks. The Dow Jones Industrial Average was down 0.89% for the past month to date as of Friday, for example, while the […]
S&P 500 falls 1% on Friday, putting it on track for third-straight losing week
Stocks sank on Friday as the S&P 500 headed toward its third down week in a row amid busy earnings and rising bond yields. The Dow Jones Industrial Average fell 425 points, or 1.2%. The S&P 500 was 1.1% lower, and the Nasdaq Composite declined by 0.7%. The morning action […]
Fintech giant Stripe jumps into crypto with a feature that lets Twitter users get paid in stablecoin
Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company […]