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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…
Robinhood climbs back from lowest level since IPO
By Noor Zainab Hussain and Medha Singh -Shares of Robinhood Markets Inc reversed course to trade nearly 6% higher on Friday, driven by a broader market rebound, after touching their lowest level…
Bargain hunters study stock valuations after big declines
By Lewis Krauskopf NEW YORK – A steep slide in U.S. stocks has investors gauging equity valuations to determine whether now is the time to scoop up shares at a bargain. The…
Just-in-time gives way to “buy everything you can” as U.S. supply disruptions persist
By Timothy Aeppel – Stephen Bullock eight months ago gave up on the idea of buying raw materials and parts only shortly before they were needed on his assembly line. Instead, he…
Mexico’s economy likely entered recession in fourth quarter: Reuters poll
By Miguel Gutierrez and Gabriel Burin MEXICO CITY – Mexico’s economy likely contracted in the last three months of 2021, in what would mark a second straight quarter of negative growth and…
Chevron reviews court decision that blocked Gulf of Mexico lease sale
By Sabrina Valle HOUSTON – Chevron Corp is reviewing a federal judge decision that invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday, saying…
Disney names Alexia Quadrani to lead investor relations
– Walt Disney Co has named Alexia Quadrani, a former analyst for JP Morgan & Chase Co’s media equity research group, as senior vice president of investor relations, reporting to Chief Financial…
Italian business leader rejects criticism of call with Putin
MILAN – Companies have the right to protect their interests in Russia even at a time of rising tensions, a top Italian CEO said on Friday, rejecting criticism of a call he…
Brazil rates set to soar further as US Fed prepares for lift-off: Reuters poll
By Gabriel Burin BUENOS AIRES – Brazil’s central bank is set to deliver a third consecutive 150 basis point rate rise on Wednesday in a bid to minimize risks of further capital…
Daimler AG to rebrand as Mercedes-Benz on Feb. 1
BERLIN – Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday – nearly a year after the spin-off of its truck and bus division was announced – in a move…
De La Rue activist investor calls for sale or break-up of banknote printer – FT
– Crystal Amber Fund, one of De La Rue’s largest investors, has called on the British banknote printer to consider a sale or break-up after its profit warning, the Financial Times reported…
Fuel demand rebound powers Phillips 66 profit beat
-Phillips 66 posted quarterly earnings that powered past Wall Street estimates on Friday, as the U.S. refiner capitalized on mounting demand for fuel due to a loosening up of coronavirus restrictions. Although…
Exclusive-China securities regulator met foreign banks to soothe economic concerns-sources
By Xie Yu and Selena Li HONG KONG -The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the…
Electrolux profit falls as supply-chain headwinds linger
By Helena Soderpalm STOCKHOLM -Electrolux said on Friday global supply chain issues would persist after posting a drop in quarterly profit, while expecting demand in 2022 above pre-pandemic levels. Households have been…
Fed’s Kashkari says rate hike ‘pause’ conceivable in spring
By Ann Saphir – The Fed will likely raise rates in March to tamp down on too-high inflation, Minneapolis Fed President Neel Kashkari said on Friday, but its actions after that will…
Credit Suisse hikes cash bonuses as talent war rages
By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH -Credit Suisse is boosting cash payouts for senior bankers, it told employees on Friday, as it tries to retain top performers after a year…
Bank of America says it sees seven Fed rate hikes this year
– Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the…
Monetary policy effect on global inflation drivers may be ‘limited’ -NY Fed
By Jonnelle Marte – Domestic monetary policy actions may do little to tame some of the inflation being driven by global supply chain pressures, researchers for the New York Federal Reserve said…
UK’s rich and poor face similar inflation – but different economic pain
By Andy Bruce LONDON – Britain’s rich and poor alike are experiencing surges in inflation, official data showed on Friday, although soaring food and energy prices mean low-income households stand less chance…
The big rotation: European tech in biggest monthly drop in 13 years
By Joice Alves LONDON – European technology stocks fell into bear territory on Friday and were on track for their biggest monthly drop since the 2008 global financial crisis amid worries the…
UniCredit sets high M&A bar after calling off Russian deal
By Valentina Za MILAN -UniCredit will continue to study potential mergers and acquisitions after deciding against a Russian deal due to geopolitical risks but won’t stray from plans to return billions in…
Cathie Wood’s ARK buys the dip in Tesla shares after months of selling
– Star stock picker and noted Tesla Inc bull Cathie Wood’s ARK Invest took advantage of a slump in the electric-car maker’s shares following its results, piling into the stock after months…
Fed needs to tighten ‘a little bit:” Kashkari
By Ann Saphir – With inflation higher and lasting longer than expected, the Federal Reserve needs to take its foot off the monetary gas pedal “a little bit” to address imbalances between…
U.S. equity funds see massive outflows on tech selloff
– U.S. investors ramped up their selling of equity funds in the week to Jan. 26, hit by a selloff in tech stocks, and the rising geopolitical tensions between Russia and Ukraine.…
H&M looks beyond pandemic with drive to double sales by 2030
By Anna Ringstrom STOCKHOLM -Swedish fashion group H&M drew a line under the pandemic on Friday, reporting a bigger than expected jump in quarterly profit and hiking investments with the aim of…
Stellantis commitments in Italy unaffected by early loan repayment – union
MILAN – Management at carmaker Stellantis has confirmed its commitment to preserve jobs and plants in Italy despite the early repayment of a 6.3 billion euro ($7.03 billion) state-backed loan, the Uilm…
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