Tag: finance articles today

Do You Absolutely Hate Broccoli?
8
Jun

Do You Absolutely Hate Broccoli?
Finance
June 7, 2023 · 8:50 AM If so, it may well be because of your genes according to an article at SBS.com. Particular genes determine whether you can detect a bitter chemical (called PTC) in broccoli and other brassicas like cauliflower and brussels sprouts. “Free broccoli and carrots in frying”/ CC0 1.0 “On average, about 70% of us can taste something bitter in broccoli or PTC, but those with two copies of the bitter sensitivity gene are closer to 20%, and they are much more likely to hate it.” US President George HW Bush said in March 1990, “I do…
Boeing plans to eliminate 150 finance jobs in the US
12
Mar

Boeing plans to eliminate 150 finance jobs in the US
Finance
Yahoo Finance Live looks at Boeing’s plans to cut finance jobs amid as the manufacturer considers relocating its headquarters and deals with China. Video Transcript RACHELLE AKUFFO: My pick is planemaker Boeing. The company announcing plans to lay off nearly 150 finance and IT jobs to simplify its corporate structure and focus on manufacturing and product development. The stock was in positive territory, but after that Fed announcement, also down there about 1 and 1/2%. Now the company also grew its workforce, though, this year by about 10,000 employees and hired in its engineering and manufacturing departments to really keep…
Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed’s 110-year history, and it could lead to a major
13
Feb

Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed’s 110-year history, and it could lead to a major
Finance
Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania.Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The Fed is making the same exact mistake it made a year ago, and possibly the biggest mistake in its history. That’s according to Jeremy Siegel, who criticized the Fed’s inability to recognize that inflation is easing. “It makes absolutely no sense to me whatsoever, way too tight!” Siegel said. Wharton professor Jeremy Siegel has a big issue with the Federal Reserve’s aggressive interest rate hikes in its bid to tame inflation, and worries that the central bank is making…
Stocks plunge after rate hike, Powell comments
3
Jan

Stocks plunge after rate hike, Powell comments
akit
Finance
US stocks tumbled in volatile trading Wednesday afternoon as the Federal Reserve dealt another outsized interest rate hike in its fight against stubborn inflation. The US central bank lifted its benchmark policy rate by 0.75% for a third consecutive time, bringing the federal funds rate to a new range of 3.0% to 3.25% — its highest level since 2008 — from a current range between 2.25% and 2.5% . The S&P 500 and Dow Jones Industrial Average each shed around 1.7%, while the technology-heavy Nasdaq Composite was off by 1.8%. Meanwhile, the CBOE Volatility Index (^VIX) – Wall Street’s “fear”…
Stocks close mixed, yields rise to start final trading week of 2022 [Video]
27
Dec

Stocks close mixed, yields rise to start final trading week of 2022 [Video]
Finance
US stocks closed mixed Tuesday after Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. The S&P 500 (^GSPC) fell 0.4%, while the technology-heavy Nasdaq Composite (^IXIC) slid 1.4%. The Dow Jones Industrial Average (^DJI) was an outliner, advancing a modest 0.1%. Tesla (TSLA) was among the day’s biggest movers, extending a sharp downtrend after Reuters reported the electric vehicle giant would run a reduced production schedule at its Shanghai factory in January, extending the reduced output it began this month into the new year. Tesla stock tanked more than 11%…
Former NYU administrator charged for orchestrating .5M fraud scheme
19
Dec

Former NYU administrator charged for orchestrating $3.5M fraud scheme
Finance
A former New York University director of finance allegedly siphoned $3.5 million meant for minority and women-owned businesses and blew some of the cash on himself — including on an $80,000 pool for her Connecticut home, prosecutors said Monday. Cindy Tappe, 57, was charged with diverting funds from the New York State Education Department grants into shell companies that she created over a six-year scheme that was discovered in 2018, when she left NYU, according to the Manhattan District Attorney’s Office. Some of the embezzled money went to expenses related to the grants or employee reimbursement — but at least…
Lawmakers quick to unload FTX founder’s contributions
15
Dec

Lawmakers quick to unload FTX founder’s contributions
Finance
WASHINGTON (AP) — A writer’s workshop in Alaska. Food bank in California. A charity that fights diabetes. Lawmakers who accepted piles of cash from one time wunderkind Samuel Bankman-Fried now can’t move fast enough to offload their contributions from the disgraced crypto mogul to anywhere else but their own campaign coffers. Before his arrest in the Bahamas this week, Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was a prolific political donor to individual candidates — from local campaigns all the way up to President Joe Biden — as well as super PACs that can wield outsized influence in campaigns.…
Is It Time to Cut Back on Alcohol?
12
Dec

Is It Time to Cut Back on Alcohol?
Finance
December 12, 2022 · 7:00 AM “Is the room spinning, or is it just me?” A few months ago I ran across a thoughtful article by Morris van de Camp entitled Love Drinking Less. It’s well worth a read if your alcohol consumption is out of control or heading that way. Alcohol is a two-edged sword. On the one hand it makes life fun and turns strangers into intimate friends in the course of an evening; on the other, it makes a person dysfunctional. Very dysfunctional. Productive time is lost, relationships are damaged, and health is harmed. I cannot say…