Business

According to strategists at Morgan Stanley, US stocks are ripe for a sell-off after prematurely pricing in a pause in Federal Reserve rate hikes. “While the recent rise in front-end interest rates supports the notion that the Fed may remain hawkish longer than anticipated, the stock market refuses to accept this reality,” a team led by Michael Wilson wrote in…

A high-profile French politician has criticized Marvel Studios Black Panther: Wakanda Forever Film charged with “false and misleading representations” of the European country’s armed forces. A scene from the film, released in November, shows French mercenaries being brought before an international hearing accused of stealing from the fictional country of Wakanda. A journalist who tweeted the clip this weekend pointed…

If there’s ever a bad time for a cable service outage in the Philly area, it’s during the Super Bowl when the Eagles are playing. While Philadelphia Eagles fans tuned in to see their team take on the Kansas City Chiefs on Super Bowl Sunday, Comcast said it’s “busily working to expand service for Xfinity customers in,” according to the…

Gautam Adani’s conglomerate has halved its revenue growth target and, according to people familiar with the matter, plans to hold back on new investments as the Indian billionaire tries to rebuild investor confidence after a bloody short-seller attack. The group is now targeting revenue growth of 15% to 20% for at least the next fiscal year, down from the 40%…

Super Bowl LVII winners might get a free trip to Disney World, but everyone who played the game will take home more than enough for a pretty extravagant vacation. Yes, of course the game is about bragging about the Vince Lombardi trophy and the fame that comes with it. But players who make it to the end of the NFL…

Goldman Sachs CEO David Solomon made the difficult decision last month to cut about 3,200 jobs. Does he have any regrets? Yes. Apparently he wished he had done it sooner. “As things got more complicated in the second quarter of last year, every bone in my body believed that we should be much more aggressive when it came to slowing…

The object shot down over the Yukon on Saturday was described by US officials as a balloon significantly smaller than the three school bus-sized balloon that was struck by a missile on February 4 while flying off the coast of South Carolina drifted off after crossing the country. A flying object brought down over Alaska’s remote north coast on Friday…

The third installment in the Magic Mike series danced to the top of the box office this weekend with a James Cameron double-header, Avatar: The Way of Water and Titanic (yes, the Titanic). . appear close behind. Magic Mike’s Last Dance grossed $8.2 million in its first weekend in North American theaters, the studio estimated on Sunday. Cameron’s “Avatar” sequel…

Welcome to the Andy Reid bowl. Today in Super Bowl LVII, the Kansas City Chiefs and the Philadelphia Eagles meet to determine the champion of the 2022 season. And while Reid is, of course, the Chiefs’ head coach these days, he spent 1999-2012 managing the Eagles. That makes for an unusual game, but there’s plenty of other drama to spice…

The dark side of ESG investing has the potential to undermine an entire generation of clean tech strategies. Adam Matthews, chief responsible investment officer at the Church of England Pensions Board, said the risks posed by the mining industry’s boom in renewable energy weren’t getting nearly enough attention. The consequence, according to the 47-year-old, is that portfolios that are supposed…