It has been 33 years since Florence Griffith-Joyner set the current world record in the women’s 100 metres. A generation later, one of the greatest fields of female sprinters ever assembled has a shot at taking it down. The women’s 100 metres is shaping up to be the race of the Tokyo Olympics, featuring two
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James Mercer, 50, is the founder and frontman of indie rock group The Shins. This year is the 20th anniversary of their classic debut album Oh, Inverted World. He is also half of the duo Broken Bells with producer Danger Mouse. What was your childhood or earliest ambition? Some sort of cross between Indiana Jones
Whenever news about the stock market makes the headlines, a new wave of speculation arises about the people who work behind-the-scenes when these market movements occur. Wall Street stockbrokers and traders remain elusive for most people. In fact, they may as well be wizards behind curtains with special powers to influence the economy. And for
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images The U.S. Government Accountability Office on Friday denied protests from companies affiliated with Jeff Bezos that NASA wrongly awarded a lucrative
A US government watchdog has rejected an appeal from Jeff Bezos’s space company, Blue Origin, over Nasa’s decision to award a lunar landing contract to Elon Musk’s SpaceX. Rejecting the protest, the Government Accountability Office said the space agency “did not violate procurement law or regulation” when it handed SpaceX the $2.89bn deal to help
Scotland’s scenic capital will be abuzz with festival goers once more next week as Edinburgh’s summer arts jamboree returns to live performances after a pandemic-forced break last year. But organisers have not abandoned the pivot to digital that kept the world-famous cultural events alive during Covid. This year’s festivals, which range from highbrow opera and
Key Takeaways Exxon’s upstream segment net income came in above consensus estimates, rebounding sharply from the year-ago quarter’s pandemic-depressed lows. The upstream segment is involved in the exploration and development of oil and natural gas properties as well as the extraction and production of crude oil and natural gas. It benefits from higher oil prices.
In this article HOOD Robinhood CEO and co-founder Vlad Tenev on Thursday defended retail clients who invest in so-called meme stocks, saying the phenomenon gives embattled companies access to capital they otherwise wouldn’t have. “I think it’s a real thing. There’s customers that love these companies, they want them to thrive,” Tenev told CNBC’s Andrew
Whatever the shock to markets, equity investors have a strong impulse: buy the dip. The latest ructions relating to China’s apparently poorly anticipated crackdown on foreign-listed shares could test this reflex. The buy-the-dip muscle memory is strong. One after the other, potential hits this year have proven to be passing hiccups. An explosion of retail
In mid-June, US president Joe Biden held talks with his Russian counterpart Vladimir Putin to discuss a recent scourge of cyber attacks against the US, including by Russian-based criminal ransomware hackers. Biden has said he told Putin in no uncertain terms that “certain critical infrastructure should be off limits to cyber attack — period”. Nevertheless,
The summer vacation season brings joy to many people, but for some, the longing for a year-round second home brings a touch of melancholy. If you are one of those people who would love to own a place for weekend getaways and long lazy vacations in every season, the first consideration should be how to
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters For a few glorious weeks, Wall Street employees who were
Mark Zuckerberg has set out an ambitious new goal for Facebook: to build the “next generation of the internet”. After signing up almost two-thirds of the world’s internet users to apps including Instagram and WhatsApp, Zuckerberg told investors on Wednesday that his latest obsession was building a “metaverse” — a nebulous and much-hyped concept denoting
At the sprawling Beijing headquarters of Gaotu Techedu, one of the world’s biggest online education businesses, staff are braced for the worst after the group lost over 90 per cent of its market value in a matter of months. “They’ve been laying people off these last few days,” said one employee this week as he
If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business. When you’re looking to trade forex, it’s important to identify brokers who are reliable and viable, and to avoid
A worker hoists a flight chain at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon Granger | Calder Brothers Corporation | Reuters The U.S. economy is now larger than it was before the pandemic, but its growth rate may have peaked this year at a much slower pace than expected.
Amazon’s revenue rose in the second quarter but fell short of Wall Street’s lofty expectations, even though the ecommerce giant increased its overall profits by 50 per cent compared with the same period last year. Net income for the three months from April to June came in at $7.8bn, or $15.12 per diluted share, comfortably
Stocks on Wall Street rose on Thursday despite weaker than expected US growth data that cemented expectations that the Federal Reserve would maintain its pandemic-era stimulus that has supported financial markets for a year and a half. The moves followed data showing US gross domestic product grew at an annualised rate of 6.5 per cent
Direct vs. Indirect Distribution Channel: An Overview A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. Channels are broken into direct and indirect forms. Distribution channels can include the manufacturer, warehouses, shipping centers, retailers and even the internet. Direct channels allow the
Avishek Das | LightRocket | Getty Images Robinhood is slated to hit the public markets Thursday in one of the most highly anticipated initial public offerings of the year. The stock trading app is expected to start trading on the Nasdaq under ticker HOOD, priced between $38 and $42 per share. Robinhood is looking to
The global economic bounceback from Covid-19 fuelled a bumper crop of corporate earnings on Thursday as commodity prices surged and consumers returned to spending money outside their homes. UK-listed companies alone announced more than $10bn of dividends and share buybacks, with groups from Royal Dutch Shell to distiller Diageo reporting resurgent sales and profits. The
Investors have ploughed half a trillion dollars into US exchange traded funds in less than eight months, eclipsing last year’s record haul in the latest sign of how booming markets have sparked a rush into the low-cost vehicles. Net inflows into US listed ETFs are running at $505bn so far this year, topping the total
Dividends are corporate earnings that companies pass on to their shareholders. They can be in the form of cash payments, shares of stock, or other property. Dividends may be issued over various timeframes and payout rates. There are a number of reasons why a corporation may choose to pass some of its earnings on as dividends,
When the Dutch government reversed its decision to allow live public events to go ahead this summer, the industry response was swift and uncompromising. Music festival promoter ID&T immediately filed legal action to try to reverse the ban. Since then, more than 40 event organisers in the country have joined the lawsuit. “For us it
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates in a target range near zero. Along with that, the committee reiterated its view that
SoftBank is selling a large chunk of its stake in ride-hailing group Uber as the world’s most aggressive technology investor wrestles with heavy losses from its other big bet on China’s Didi Chuxing, according to two people familiar with the matter. The Japanese conglomerate behind the $100bn Vision Fund will aim to sell about 45m
Kamala Harris has made history as the first woman and first woman of color to serve as the Vice President of the United States. But, as a former California attorney general and U.S. Senator, Harris has broken barriers throughout her career. Here are some things you should know about Vice President Kamala Harris, including her
The Federal Reserve signalled it was moving closer to the moment when it will withdraw its support for the US recovery by tapering the central bank’s asset purchases, declaring that “progress” had been made towards meeting its economic goals. At the end of a two-day meeting on Wednesday, the Federal Open Market Committee kept its
Billionaire businessman Ken Langone told CNBC on Wednesday he expects higher-than-usual inflation to hit the U.S. economy for longer than the Federal Reserve anticipates. In an interview on “Squawk Box,” the Home Depot co-founder said both raw material and labor shortages have caused increased consumer prices during the pandemic economic reopening. Now, the potential for
Google has become the first big US tech company to require its workers to be vaccinated against Covid-19 before they return to work on one of its campuses. Sundar Pichai, chief executive, said that the policy would be introduced in the US “in the coming weeks” before being rolled out globally for its 144,000 employees.