Business

Until about a year ago, CFOs had more breathing room. Shoppers were finally released from the pandemic lockdown to roam and open their wallets like never before, and low interest rates made expensive investments much easier to justify. After inflation set in, the role has become quite stressful – possibly more so than ever before. Investment has dried up and…

Investors have their heads in the clouds — or buried in the sand — and are running out of time to salvage their returns before risking a “catastrophic” end, a Morgan Stanley strategist has warned. Mike Wilson’s bleak prediction comes as the S&P 500 continues to rally, up 16% from its October lows and 6% since the beginning of this…

A year after Putin’s invasion of Ukraine, some cynics complain that the unprecedented economic crackdown on Russia has not yet ended the Putin regime. What they are overlooking is the transformation that has been happening right before our eyes: Russia has become an economic by-product and a deflated world power. Economic pressures, coupled with Putin’s own misfires, have eroded Russia’s…

A member of the Qatari royal family and Britain’s richest man has submitted bids to acquire Manchester United Plc, while Elliott Investment Management LP stands ready to provide the financing as the bidding process for the English football giants tightens. According to a person familiar with the matter, billionaire Paul Singer’s Elliott management has made a proposal to help fund…

Islamic State gunmen killed American student Nohemi Gonzalez as she sat with friends in a Paris bistro in 2015, in one of several attacks on a Friday night in the French capital that left 130 dead. Her family’s lawsuit, which alleges YouTube’s recommendations helped the group “Islamic State” recruit, is at the center of a closely watched case in the…

The woman, who flew out of Philadelphia Airport last year, recalled packing snacks, prescription medication and a cell phone in her purse. But more important was what she’d forgotten to unpack: a loaded .380 pistol in a black holster. The gun was one of 6,542 guns intercepted by the Transportation Security Administration at airport checkpoints across the country last year.…

Dozens of well-wishers made the pilgrimage to the Carter Center in Atlanta on Sunday as prayers and remembrances of former President Jimmy Carter’s legacy were offered a day after he entered hospice care at his small Baptist church in Plains, Georgia. Among those who paid his respects was his niece, who mentioned the 39th President’s years of service in an…

New YouTube CEO Neil Mohan is exciting crypto enthusiasts at the prospect of blockchain-enabled technology soon becoming an element of the video site. Little is known about the manager, who joined in March 2008 after helping sell his ad tech company DoubleClick to Google for $3.1 billion. One of the few one-on-one interviews with Mohan dates from August 2021. Publications…

Productivity growth has been weak since 2005, averaging 1.4% per year, compared to the post-World War II average of 2.2%. That’s a problem. Increasing productivity—economic output per unit of input—maintains America’s competitiveness and improves our quality of life. It is also important to manage challenges such as inflation, debt burdens, entitlements and the energy transition. Regaining historical productivity growth rates…

Former Kroger employees who have left the company have received some surprising texts and emails. The supermarket operator – the country’s top-selling store – wants them back and isn’t afraid to reach out and tell them so. Of course, things don’t generally work that way. Once you leave a company, there is little chance that they will contact you later…