Retail has been a prime hunting ground for activist investors recently. While the new CEO of Kohl’s represents activists’ latest triumph, their overall record in the sector has been mixed. On Friday, Kohl’s (ticker: KSS) announced that interim CEO Tom Kingsbury would permanently take over the position, as was widely expected.
WASHINGTON (Reuters) -Boeing Co. will take additional charges to the KC-46 tanker program due to a supplier quality issue with the center fuel tank, the company's finance chief said Wednesday. Boeing Chief Financial Officer Brian West did not disclose the precise value of the additional charges, which will be announced as part of the company's first quarter earnings, but margins at Boeing's defense business would be negative as a result. While 767 freighter deliveries "will recover in the second quarter," tanker deliveries will take longer "but we will recover the year," West said at the Bank of America Global Industrials Conference, adding that the issue would not impact Boeing's annual cash flow target of $3 billion to $5 billion in 2023.
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.
Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.
The number of infections from the Candida Auris fungus, which can be deadly for people who are already sick, is small but rapidly growing.
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
(Bloomberg) -- Ford Motor Co.’s Jim Farley was told recently of a survey that found investors overwhelmingly believe legacy automakers can’t be cost competitive with Tesla Inc.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisBiden Stunts Growth in China for Chipmakers Getting US FundsA New Chapter of Capitalism Emerges From the Banking CrisisFirst Republic Rescue May Rely on US Backing to Reach a Deal“I’m with the
Abel, who heads the non-insurance operations of Berkshire (ticker: BRK.A, BRK.B), purchased 55 class A shares at a price of $447,259 on Friday, lifting his stake in the A shares to 228 shares. Berkshire shares rose 1% Tuesday to $460,515, and the B shares gained 0.9% to $303.85. The purchases were made on behalf of the Gregory Abel Revocable Trust on behalf of his wife, children, and other family members.
U.S. stocks wavered ahead of the open on Wednesday as Wall Street awaits for Federal Reserve Chair Jerome Powell latest interest rate decision amid of a fast-moving banking crisis.
After Silicon Valley Bank collapsed the Fed is between a rock and a hard place over whether to raise interest rates to lower inflation or not.
It's the second scandal involving fake nickel in as many months.
If you're nearing the age for Medicare eligibility, there are some things you should know about Medicare. One of those things is whether Medicare premiums are tax-deductible. You want to ensure you file your taxes correctly, but you also want … Continue reading → The post Are Medicare Premiums Tax Deductible? appeared first on SmartAsset Blog.
Analyst Mark Delaney downgraded the company to Sell from Hold. His price target is $5 a share, down about 35% from recent levels.
It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As … Continue reading → The post Am I Saving Too Much for Retirement? appeared first on SmartAsset Blog.
A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.
JPMorgan's 2008 rescues ended up costing the bank $19 billion.
The former Microsoft U.S. president aims to modernize a telecom company.
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