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Austria is to make full vaccination mandatory for entry into restaurants, bars and entertainment spaces as the government struggles to contain soaring cases of Covid-19. Full vaccination status will also expire nine months after a second dose, rather than 12, the government said, unless extended by a booster shot. The rules — which will also

Prasit photo | Moment | Getty Images Sustainable investing has come into focus as investors direct their cash toward stocks based on so-called ESG factors, but shareholders will need to get involved to create meaningful change at companies. U.S. sustainable funds saw $15.7 billion in net inflows during the third quarter of 2021, according to

Warren Buffett’s Berkshire Hathaway reported a two-thirds decline in profits in the third quarter compared to the same period last year, while its cash pile hit a new record despite increased share buybacks. The sprawling conglomerate said on Saturday that its net earnings fell to $10.34bn, or $6,882 per class A share, in the third

“No one got everything they wanted, including me. That’s compromise. That’s consensus,” said President Joe Biden, Thur., Oct. 28, as he announced the framework of a scaled-down version of his Build Back Better Plan. The new framework calls for a total outlay of $1.85 trillion versus the $3.5 trillion price tag announced earlier. “The Build

In this article MAXR A close look at the primary mirror of a Worldview Legion satellite during assembly and inspection. Maxar Maxar Technologies‘ stock jumped on Thursday after reporting third-quarter results, with Wall Street analysts welcoming the space company’s progress toward the launch of key satellites next year. The company reported an adjusted EBITDA profit

An American federal jury has convicted a senior Chinese intelligence officer of trying to steal secrets from General Electric, the first time a Ministry of State Security official was extradited to the US for trial. The justice department said a federal jury in Ohio had found Xu Yanjun, a senior MSS officer from Jiangsu province, guilty on

The COP26 summit invites weary indifference from the public with its sweeping promises and big data. Climate change comes more vividly alive in the harmful unintended consequences of our choices as individuals. For example, the margarine that some of us spread on toast not only pumps up CO2 emissions. It also contributes to a collapse

Thanks to a higher-than-normal annual inflation rate of 5.4%, the Internal Revenue Service (IRS) says it will allow taxpayers to contribute up to $20,500 to their 401(k) and some other retirement accounts in 2022, a $1,000 boost from 2021 contribution limits. $20,500 2022 annual contribution limit for 401(k), 403(b), most 457, and Thrift Savings Plans.

Nancy Pelosi stared down progressives in her own party on Friday, vowing to press ahead with a vote on a $1.2tn bipartisan infrastructure bill while delaying consideration of a separate, larger social spending package popular with the leftwing of the Democratic party. The move breaks a longstanding promise to move the two bills through Congress

In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,

Bond investors are having to react to some rapidly changing indicators: new forecasts of higher inflation, and signals from central banks that they will raise interest rates sooner than expected, as well as reversing their asset purchase stimulus programmes. After repeated warnings about high inflation from Bank of England officials, a UK rate rise is

The “set it and forget it” approach to investing has fared extremely well since 2009, as we saw the first 10-year bull market in U.S. history. In the 2000s, however, it was a different story; stocks recorded their worst performance in history. As the pandemic has reminded us, there is no telling what the future

In this article PFE CNBC’s Jim Cramer on Friday took comfort in a prediction by Dr. Scott Gottlieb that the pandemic phase of Covid could be over by January. “Dr. Gottlieb basically said the war’s over, and that’s just incredible,” Cramer said. Gottlieb, who had served as FDA chief under former President Donald Trump, is

BNY Mellon has cut ties with one of the world’s most controversial coal mines, after Financial Times reporting revealed the bank’s Australian subsidiary was preparing to help with the financing of the Carmichael project in Queensland. The US investment bank issued a statement on Friday saying that it had reviewed its relationship with Adani Group,

Wall Street stocks were on track to hit a new record on Friday after US jobs data exceeded analysts’ expectations, signalling that the labour market in the world’s largest economy is continuing to recover. The blue-chip S&P 500 index, which has risen for 15 of the past 17 days to an all-time high, gained 0.7

The average return on equity (ROE) for companies in the banking industry in the third quarter of 2020 was 5.31%, according to the Federal Reserve Bank of St. Louis. ROE is a key profitability ratio that investors use to measure the amount of a company’s income that is returned as shareholders’ equity.  Key Takeaways The

Quartr A new start-up is attempting to modernize the investor relations industry to meet the surge of new retail investors. Swedish start-up Quartr recently raised $4.5 million to help build out its product, which includes recordings of earnings calls and financial documents from major companies. Investors in Quartr include executives at the Ritholtz Group —

New Delhi has been engulfed by a toxic cloud of pollution after millions of residents defied bans on the use of firecrackers during the Hindu festival of Diwali. Air pollution early on Friday morning exceeded measurable levels, with the city’s air quality monitors all reading an alarming 999 — beyond which the gauges can no

Shares in Chinese property developer Kaisa Group Holdings were suspended in Hong Kong on Friday, a day after the struggling company added to the growing liquidity crisis in China’s real estate sector by saying wealth management products it guaranteed had missed payments. The company on Thursday pointed to “unprecedented pressure on its liquidity” in comments

On Nov. 1, 2021, at the start of the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, Scotland, the White House issued two strategies to address climate change, one at home and one abroad. The first, titled “The Long-term Strategy of the United States: Pathways to Net-Zero Greenhouse Gas Emissions by 2050,”

There was a strong rally in global bond markets on Thursday after the Bank of England held interest rates at record lows, surprising investors who had spent the past few weeks positioning for a shift towards tighter monetary policy from big central banks. The move came the day after the Federal Reserve confirmed its long-telegraphed

Jeff Bezos, left, and Elon Musk Getty Images; Reuters The U.S. Court of Federal Claims ruled against Jeff Bezos’ Blue Origin on Thursday in the company’s lawsuit versus NASA over a lucrative astronaut lunar lander contract awarded to Elon Musk’s SpaceX earlier this year. Federal Judge Richard Hertling sided with the defense in his ruling,

Uber delivered investors its first profitable quarter on an adjusted basis, thanks to a rapidly recovering rideshare business and the popularity of food delivery. Uber’s preferred “adjusted ebitda” metric of the company’s underlying health excludes multiple costs including interest, taxes, depreciation and amortisation, as well as stock-based compensation. On that basis, it eked out a

(Click here to subscribe to the Delivering Alpha newsletter.) While much of the world has been focused on environmental, social, and governance issues over the past few years, more recently, cracks are starting to show in the way companies are working to solve ESG challenges.  Eileen Murray is the chairperson at the Financial Industry Regulatory Authority and

Key Takeaways Moderna’s EPS missed analyst forecasts. Revenue also fell below analyst expectations. Moderna expects to supply between 700 million and 800 million doses of its COVID-19 vaccine in FY 2021, down from its prior estimate of between 800 million and 1 billion. Moderna Earnings Results Metric Beat/Miss/Match Reported Value Analysts’ Prediction EPS Miss $7.70

Moderna has downgraded the sales forecast for its Covid-19 vaccine this year, blaming delays in international shipping and temporary issues related to manufacturing capacity. The US biotech said on Thursday it expects product sales of $15bn to $18bn in 2021, down from an earlier estimate of $20bn in August. The company now expects to deliver

Japanese gamers who want to buy a Nintendo Switch console now enter a lottery to have a chance of getting one. This could soon become a global trend. The company says it cannot meet holiday demand amid a component shortage. It is an opportunity for Nintendo to reboot its priorities. Earnings for the quarter to

Legal immigrants who meet the Social Security Administration (SSA) requirements for work credits—or who earned the equivalent of Social Security credits through their work history in their previous country—can receive benefits in the U.S. Social Security benefits include payments to qualified retirees or those with disabilities and survivor benefits for the spouse and children of

In this article ETH.CM= BTC.CM= Global investor Mark Mobius on Wednesday called cryptocurrencies a religion, joining a chorus of digital coin skeptics at a time when bitcoin and ether are trading near all-time highs. “It’s a not an investment, it’s a religion,” the founder of Mobius Capital Partners said on CNBC’s “Squawk Box.” “People should

Companies borrowing in the US loan market are finally shifting away from Libor, just months before the scandal-hit benchmark underpinning trillions of dollars of financial instruments will no longer be available for new deals. A handful of companies have now borrowed cash using the widely accepted replacement for Libor called Sofr, according to data from