Investing

One of Russia’s most prominent foreign investors has been found guilty of embezzlement, a verdict which caps a legal saga that has become emblematic of the country’s reputation as an often treacherous place to do business and sparked calls for an overhaul of its judicial system. Michael Calvey, a US citizen, was found guilty by

Investing in Cyclical Stocks: An Overview Imagine being on a Ferris wheel: one minute you’re on top of the world, the next you’re at the bottom (and eager to head back up again). Investing in cyclical companies is much the same. However, the time it takes to go up and down—also known as a business

Bayer is set to buy a Californian biopharmaceuticals start-up for up to $2bn as the German drugs and agrochemicals group pushes into novel therapeutic and research approaches in healthcare. Vividion Therapeutics has developed a technology for discovering drugs, in which it analyses the interactions between chemical drugs and proteins in the human body. The hope

In this article VRA VERA A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters JPMorgan Chase‘s new healthcare unit has made its first investment, CNBC has learned exclusively. The bank has agreed to invest $50 million in Vera Whole Health, a Seattle-based start-up that

Frasers said it was in discussions about handing over the UK retail group’s chief executive role to Michael Murray, the prospective son-in-law of founder Mike Ashley. Murray will probably take over the course of the current financial year, Frasers said on Thursday. “A reward and remuneration package is now under consideration on the assumption Michael

Coca-Cola vs. Pepsi’s Business Models: An Overview Coca-Cola Co. (KO) and PepsiCo, Inc. (PEP) are very similar businesses in terms of industry, ideal consumers, and flagship products. Both Coca-Cola and PepsiCo are global leaders in the beverage industry, offering consumers hundreds of beverage brands. In addition, both companies offer ancillary products such as consumer packaged

Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ space company remains on the offensive in criticizing NASA’s decision

The first Olympic climbing champion will be crowned on Thursday, when eight male climbers scramble up a series of walls in search of a gold medal. Yet few of those taking part in the sport’s Olympic debut believe the winner will be the best climber in the world. “The term [itself] is a nonsense,” Czech

Brazil’s central bank enacted its biggest interest rate rise in almost two decades on Wednesday, with a 100 basis point increase aimed at curbing the risk of spiralling inflation. Latin America’s most populous nation is witnessing a sharp acceleration in prices as its economy recovers from the Covid-19 pandemic, pinching households and putting pressure on

Purchasing real estate with a mortgage is often the most extensive personal investment most people make. How much you can afford to borrow depends on several factors, not just what a bank is willing to lend you. You need to evaluate not only your finances but also your preferences and priorities. Here is everything you

In this article HOOD Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Robinhood shares are jumping in early trading on Wednesday, setting the newly public stock trading app up to extend its 24% rally from the previous session. Shares of Robinhood popped

The US has said it could begin cutting the size of government debt sales this autumn as funding needs for economic relief efforts ease, in a move that would pave the way for the first reductions in five years. The Treasury department said that while issuance for the coming quarter would remain unchanged at $126bn,

Top officials at the Federal Reserve have begun to sketch out in more detail the path towards the eventual withdrawal of monetary policy support, citing the strength of the economic recovery despite a resurgence of Covid-19 infections. Richard Clarida, vice-chair of the US central bank, on Wednesday laid the foundation for the scaling back of

Biotechnology and pharmaceutical companies both produce medicines, but the medicines made by biotechnology companies are derived from living organisms while those made by pharmaceutical companies generally have a chemical basis. The coining of the term biopharma further complicates matters. The term describes companies that are using both biotechnology and chemical sources in their medical research and development

SpaceX added subscribers to its Starlink satellite internet service, with Elon Musk’s company saying it now serves about 90,000 users around the world. The company gave an update on Starlink’s growth in a July 29 call with Federal Communications Commission officials, noting that the service now has users in 12 countries. The new user total,

Japan’s teenage skateboarders continue to dominate the Olympic competition to the delight of the host nation. But their performances mask a debate between skaters over whether the sport should even feature at the Games. Sakura Yosozumi, 19, won the women’s Park competition on Wednesday, following her compatriots who claimed two golds in the sport’s Street

Daily coronavirus infections are rising in India again after weeks of steady decline, fuelling anxieties about the threat of a third wave in a country still reeling from the disease’s last devastating surge. The Covid-19 reproduction rate, or the average number of people to whom an infected person transmits the virus, has risen above 1,

Being financially secure before you reach 30 may seem out of reach for many people in their 20s, but it’s possible. Working toward financial security need not be an exercise in self-deprivation, as many people assume. Attaining this goal even has some immediate benefits, as financial insecurity can become a serious source of stress. The

The US is “moving forces” to investigate a suspected hijacking of a tanker in the Gulf of Oman, as tensions with Iran simmer following an alleged attack on a vessel last week that left two people dead. The Royal Navy’s UK Maritime Trade Operations, which monitors shipping traffic in the Gulf, said on Tuesday that

SpaceX rolls out Super Heavy Booster 4 in preparation for the company’s first orbital Starship launch. Elon Musk SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital flight, and Elon Musk shared photos of the enormous vehicle. A look inside SpaceX’s high bay after

That care workers deserve a fair wage (“Caregiving is essential work that deserves a fair wage”, Opinion, July 27) is indisputable, and Hull’s decision to pay £19.53 per hour, as you report, should be replicated nationally. However, that would account for all of the £10bn a year you say the government plans to spend on

So you’ve established an asset allocation strategy that is right for you, but at the end of the year, you find that the weighting of each asset class in your portfolio has changed. What happened? Over the course of the year, the market value of each security within your portfolio earned a different return, resulting in

In this article SEDG A Solarpro employee installs a SolarEdge Technologies Inc. inverter at a residential property in Sydney, Australia, on Monday, May 17, 2021. Brendon Thorne | Bloomberg | Getty Images Shares of SolarEdge jumped nearly 12% during premarket trading on Tuesday after the company topped expectations during the second quarter and provided an

China is the world’s biggest lender to governments. And that’s not just because of its gigantic stockpile of US Treasuries. For much of the past decade Beijing has sought to plug massive infrastructure funding gaps across multiple continents through its Belt and Road Initiative. The overarching aim, other than to bolster global influence, is to upgrade

Pakistan’s national security adviser has complained about US president Joe Biden’s failure to contact Prime Minister Imran Khan as Washington seeks help to stop the Taliban taking over Afghanistan following US troop withdrawals. The cold shoulder from Washington comes as the Taliban has captured swaths of territory across Afghanistan in a ruthless offensive emboldened by

The dividend capture strategy is an income-focused stock trading strategy popular with day traders. In contrast to traditional approaches, which center on buying and holding stable dividend-paying stocks to generate a steady income stream, it is an active trading strategy that requires frequent buying and selling of shares, holding them for only a short period

French pharmaceutical group Sanofi will acquire its partner Translate Bio for $3.2bn, as it makes a big bet on the future of mRNA as a transformative technology for vaccines and therapeutics. Paul Hudson, Sanofi’s chief executive, said the deal would allow the companies to accelerate existing development programmes, including for Covid-19 and flu vaccines, and

Tencent has announced new restrictions limiting how long minors can play its online games after the Chinese internet group came under intense pressure from state media, which labelled the gaming industry a “spiritual opium”. In a social media post, the company said it was introducing the measures after “relevant authorities” requested greater protection of minors

After Visa Inc. (V) reported that it had handily beat analysts’ expectations for its fiscal third quarter earnings results, option traders are taking actions that imply they think the share price will drift lower in the future. Considering the big earnings beat, this may come as a surprise; however, the Visa share price fell 1.6%

Some US cities and companies are reintroducing face mask requirements, even for people who are fully vaccinated, in an effort to counter a jump in Covid-19 infections caused by the more transmissible Delta variant of the virus. San Francisco and six other Bay Area counties on Monday reinstated a universal mask mandate for indoor public