Is Beyoncé still a pop star? It’s a question I’ve been asking myself over the past week as I walked around Brooklyn, where her latest album has been blasting steadily from cars and portable speakers, providing a soundtrack to late summer barbecues and block parties. I even witnessed one man playing Renaissance loudly through his
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Last week something unusual happened. A chief executive who presided over a UK corporate failure received a financial punishment. The case in question was particularly egregious: the collapse of construction company Carillion in 2018 with £7bn in liabilities and £29mn in cash. The fines for directors? At less than £400,000 a piece, maybe not so
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Tesla rival Lucid Motors halved its 2022 production target on Wednesday, citing “extraordinary supply chain” challenges as it tries to ramp up production and meet “strong demand”. The California-based group, backed by Saudi Arabia’s sovereign wealth fund, said 2022 production is now estimated between 6,000 and 7,000 cars, down from an earlier projection of 12,000
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Puerto Rico bankruptcy Judge Laura Taylor Swain approved the extension of mediation discussions for the Puerto Rico Electric Power Authority for the fourth time this year. Swain ordered the mediation to continue to at least Aug. 15, with the mediation team being given the authority to extend the mediation deadline until Sept. 9. In late
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While elevated expenses persist in battering not-for-profit hospital operating margins, the sector received one dose of good news this week as the federal government raised the Medicare payment rate for inpatient care. Hospitals can expect more than $2.6 billion of additional payments under the Centers for Medicare and Medicaid Services’ fiscal 2023 Hospital Inpatient Prospective
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What methods to analysts use to come up with the evaluations of buy, hold, or sell recommendations of stocks, or underperformed, inline, or overperformed that analysts give on stocks or companies. They are really projecting earnings reports and changing their report figures for the EPS earnings numbers but I want to discuss how they come
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Stock trading can take many forms and many traders confuse the two main types: Equity trading (also known as trading real stocks) and CFD trading (or buying and selling Contracts for Difference on stocks). So if you want to see the differences in terms of leverage, margin, short selling and fees – trading expert David
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Hefty recent interest rate rises by the US Federal Reserve and European Central Bank highlight the concern among central bankers that high inflation could become entrenched and spiral further beyond their control. With many advanced economies facing the spectre of recession, monetary policymakers are grappling with an unenviable choice: raise rates gradually, which will more
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