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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
U.S. trade official says China failed to meet ‘Phase 1’ commitments
By David Lawder and Andrea Shalal WASHINGTON -China has failed to meet its commitments under a two-year “Phase 1” trade deal that expired at the end of 2021, and discussions are continuing…
AMD charts stronger 2022 as data-center revenue booms; shares surge
By Yuvraj Malik and Chavi Mehta -Advanced Micro Devices Inc forecast 2022 revenue above expectations on Tuesday, driving its shares up as much as 11% in after-hours trading, as stellar demand for…
EV maker ELMS’ CEO, chairman resign after probe into their share purchases
– Electric Last Mile Solutions Inc, a maker of battery-powered delivery vehicles, said on Tuesday that its top two executives had resigned following an investigation into their share purchases, sending its shares…
AMD’s stellar report fuels chip stock rally
By Noel Randewich – Shares of chipmakers Nvidia Corp, Qualcomm Inc and Micron Technology Inc got a lift in extended trade on Tuesday after Advanced Micro Devices Inc reported strong quarterly demand…
Tinder owner tempers forecast as Omicron woes persist
-Match Group Inc softened its full-year revenue forecast on Tuesday as the Tinder owner expects the Omicron COVID-19 variant to continue hindering dates and meet-ups. The impact from the pandemic has persisted,…
Tesla recalls nearly 54,000 vehicles that may disobey stop signs
By David Shepardson WASHINGTON – Tesla Inc will recall 53,822 U.S. vehicles with the company’s Full Self-Driving (Beta) software that may allow some models to conduct “rolling stops” and not come to…
After bleak January, world stocks start new month adrift
By Katanga Johnson WASHINGTON -Global equity markets wavered on Tuesday as a new month saw investors weigh strong earnings from big-name U.S. companies against mixed economic data and inflation worries. While U.S.…
Earnings beats underwhelm as Wall Street looks for good news
By Caroline Valetkevitch NEW YORK -U.S. earnings news has been less impressive this reporting season than in recent quarters, giving some investors another reason to worry after Wall Street’s tumultuous start to…
Kroger’s King Soopers union workers approve new contract
By Praveen Paramasivam – Workers at nearly 80 King Soopers, owned by Kroger Co, approved a new three-year contract, the Colorado-based chain said on Tuesday, ending a stalemate that had caused a…
Gilead earnings hurt by legal settlement, other charges
By Deena Beasley -Gilead Sciences Inc on Tuesday posted lower-than-expected fourth-quarter earnings, citing a $1.25 billion legal settlement involving HIV drug patents and a charge related to its collaboration with Arcus Biosciences…
Latam stocks outshine the world in January, Brazil in focus
NEW YORK – Latin American stocks outperformed their peers and the developed world in January and some regional currencies are among the strongest against the dollar so far in 2022, with some…
Fed’s Bullard sees three successive hikes to start policy tightening
By Ann Saphir and Howard Schneider -St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases at the…
Spotify shares rebound after Joe Rogan apology, Citigroup upgrade
By Supantha Mukherjee, Helen Coster and Elizabeth Culliford – U.S. podcaster Joe Rogan apologized and pledged more balance on his show amid a backlash against COVID-19 misinformation on the streaming service that…
China’s SMIC needs tighter export curbs from Biden -senators
WASHINGTON -U.S. Republican senators are urging the Biden administration to close a “loophole” in export controls imposed by former President Donald Trump on China’s top chipmaker, SMIC, which they call a “clear…
Video game publisher Electronic Arts lowers annual adjusted sales forecast
– Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking…
Oil little changed despite talk of possible OPEC+ supply boost
By Laura Sanicola -Oil prices ended little changed on Tuesday, as geopolitical tensions and tight global supplies supported the market even as some speculated that OPEC+ might boost supplies more than expected.…
Dollar slides for 2nd day after weak U.S. data, Fed’s cautious rate comments
By Gertrude Chavez-Dreyfuss NEW YORK -The dollar fell for a second straight session on Tuesday, after hitting a 19-month peak at the end of last week, on weaker-than-expected U.S. economic data and…
Fed’s Bullard says unemployment rate can go below 3% this year
NEW YORK -St. Louis Federal Reserve Bank President James Bullard said he sees the unemployment rate falling below 3% this year, a jobless rate the U.S. economy last seen in the early…
U.S. judge approves direct election of UAW officers
By David Shepardson WASHINGTON -Members of the United Auto Workers (UAW) will directly elect officers after a referendum required as part of a 2020 Justice Department settlement to resolve a corruption probe.…
Fed’s Bullard does not think a half-point rate hike ‘really helps us’ -Reuters interview
– St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he pushed back…
Companies raise over half a trillion dollars of debt in record Jan – Refinitiv
By Yoruk Bahceli – A record amount of more than half a trillion dollars of debt was raised in January by companies as issuers scrambled to take advantage of attractive funding conditions…
Omicron restrains U.S. manufacturing; supply bottlenecks slowly easing
By Lucia Mutikani WASHINGTON – A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting the view that economic growth lost steam…
Exxon posts biggest profit in seven years on high oil prices
By Sabrina Valle HOUSTON – Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy…
Purdue Pharma judge extends Sacklers’ U.S. litigation shield to Feb 17
By Dietrich Knauth and Tom Hals – A federal judge on Tuesday extended a legal shield protecting the Sackler family owners of Purdue Pharma from lawsuits to Feb. 17, as they try…
Tesla Recalling 54,000 Vehicles Because Self-Driving Feature Can Run Stop Signs
Tesla is recalling thousands of vehicles due to a software glitch enabling the cars to run through stop signs. The company will recall 53,882 2016-2022 Model S and Model X, 2017-2022 Model…
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