Megan Mohr was five years into her Apple career when, in 2013, a male colleague took advantage of her after a platonic night out drinking together. After the colleague drove her home and helped her inside, she briefly fell asleep before waking to the sound of clicking. The colleague had removed her shirt and bra.
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
Foreign secretary Liz Truss, frontrunner in the race to become the next British prime minister, said she would look to change the Bank of England’s mandate to ensure it controlled inflation. Speaking at a hustings of Conservative party members in Cardiff on Wednesday, she argued that inflation had been caused by “huge” supply side shocks
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
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
SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over the coming years, as the Japanese investor responds to a market downturn that has ravaged its technology portfolio. The group, led by billionaire founder Masayoshi Son, has this year carried out the sale of about
Municipals were weaker Wednesday, U.S. Treasuries were mixed and equities rallied. Muni-UST ratios were at 61% in five years, 79% in 10 years and 96% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five at 61%, the 10 at 83% and the 30 at 95% at a 3:30
Opec and its allies have agreed one of the smallest oil production increases in the group’s history as Saudi Arabia attempts to appease western allies without using up all its unused capacity. The increase agreed on Wednesday of just 100,000 barrels a day, or 0.1 per cent of global demand, is likely to cause disappointment
Voters in Orem, Utah, will decide whether to leave the state’s largest school district and create their own after the city council voted 4-3 Tuesday night to place the measure on the Nov. 8 ballot. But even with a new district, taxpayers in the northern Utah city would still be on the hook for about
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
Motoring organisations on Wednesday called on BP and the big four supermarkets to cut their petrol prices and provide greater help to Britons struggling with the cost of living crisis. The AA claimed BP — which unveiled its highest quarterly profits for 14 years on Tuesday — was charging “what they can get away with”
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
Kevin Matras shows how to calculate a stock’s price target and how to find stocks currently trading below them. Highlighted stocks include CAR, HA, HLX, IACI and ULTI. http://www.zacks.com/
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
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
Federal Reserve leaders pledged the central bank would continue an aggressive fight to cool an inflation rate that’s at a four-decade high, even if higher rates cause the risk of recession. St. Louis Fed Bank President James Bullard said he favors a strategy of “front-loading” big interest-rate hikes, and he wants to end the year
Home buyers have paid a premium for high-fire and high-flood-risk homes during the pandemic, according to research from Redfin, a technology-powered real estate brokerage. This comes as more people have moved into than out of climate-risky areas in recent years, in part because they can often get more bang for their buck and gain better
The Municipal Securities Rulemaking Board’s proposed amendment to its Rule G-14 on time of trade requirements would require all market participants to, absent an exception, report transactions no later than within one minute of time of trade. Rule G-14 currently requires transactions to be reported within 15 minutes and for those that were not exempt,
Thousands of crypto accounts linked to the Solana blockchain have been “drained” in a blow to one of the biggest networks in the digital asset market. Solana and several other platforms linked to the blockchain were on Wednesday investigating an apparent hack that affected at least 7,767 digital wallets, the computer programs that store traders’
The North Carolina Local Government Commission on Tuesday approved the city of Charlotte’s request to issue more than $1 billion of bonds and notes for infrastructure work. Charlotte had asked the LGC for approval to issue $535 million of revenue bonds to finance water, wastewater and sewer plants and lines. Part of the proceeds will
Security officers said it had been “hot and hectic” at London’s Heathrow airport this summer. While airline and airport executives try to pin the blame on each other for summer travel chaos, the officers are dealing with the fallout from cancelled flights and big queues at Heathrow’s terminals — in teams that are inexperienced and