Investing

Tesla shares do not care if you hate them. You may think their eye-popping ascent, which this week dragged the company up to a $1tn valuation, represents the final death throes of a foolish, cultish trading culture that treats favoured shares like loyalty tokens, and you have a point. But it doesn’t matter. The punchline:

Shares in Volvo Cars rose by almost a fifth as the Chinese-owned premium carmaker made its stock market debut after a lengthy and potholed journey to being listed. Volvo’s Chinese owner Zhejiang Geely, which will still own about four-fifths of the carmaker, was forced last week to convert its vote-heavy shares into normal stock after

Social networking giant Facebook, Inc. (FB) has announced that, as of Oct. 28, 2021, its parent company has been renamed and rebranded as Meta. According to CEO Mark Zuckerberg, the new name is supposed to reflect the company’s ambitions to be a leading player in the metaverse, which he says will be the future of

North Korea has alighted upon another “magical solution” to combat chronic hunger: eating black swans. Last weekend, Ri Jong Nam, chief secretary of the ruling Workers’ Party of Korea in the North Korean province of South Hamgyong, opened a centre for the rearing of black swans at the Kwangpho Duck Farm on the country’s east

Are the rich worried about inflation? Or about persistently low interest rates? The answer is both. In a Goldman Sachs survey of family offices, two-thirds of respondents said they were looking closely at inflation. And the same share said they had their eyes on ultra-low rates. You might conclude that the wealthy —­ and their

The Internal Revenue Service (IRS) gets a little grumpy if you contribute to a Roth individual retirement account (Roth IRA) without what it calls earned income. That usually means you need a paying job—either working for someone else or for your own business—to make Roth IRA contributions. But what if you don’t have one—a job,

Facebook is changing its name to Meta, reflecting the company’s push to build a digital avatar-filled virtual world known as the metaverse as it battles a deepening public relations crisis and growing regulatory scrutiny. Speaking at Facebook Connect, the company’s annual virtual and augmented reality conference, on Thursday, chief executive Mark Zuckerberg said Facebook was

It was another sweet quarter for Hershey. The US maker of Reese’s peanut butter cups continued its strong run, with sales and earnings topping Wall Street estimates for the third quarter. The company also raised its forecasts for 2021 given robust pent-up demand ahead of Halloween, after the pandemic curtailed trick-or-treating last year. The better

Is a Late Retirement Right for You? Many American workers are behind on their retirement savings. For many, there’s almost no way they’ll have enough money to retire, barring a winning lottery ticket, a surprise inheritance, or some other unexpected windfall. Many Americans have decided they will have to work well into retirement to make

For most of the coronavirus era, Genting Dream, a Hong Kong cruise liner that looks from a distance like it might exert its own gravitational pull, has been out of action. Now, while it can’t visit anywhere, it can at least go somewhere. The so-called “cruise to nowhere” is an improvised solution for an industry

Hello from Brussels, where the sense of safety from the use of Covid-19 vaccination certificates to enter restaurants and so on means the city is returning to its usual café-society buzz, albeit somewhat disjointedly. Today’s Trade Secrets author went to the much-loved annual Museum Night Fever event last Saturday, where the city’s museums open till

Traders participate in financial markets by buying and selling stocks, futures, forex, and other securities, and by closing out positions with the intention of making small, frequent gains. Just as there are many types of investors, there are many types of traders, ranging from the small, independent trader working from a home office to the institutional player

“If I didn’t come here, I wouldn’t eat,” says Julia Heathcote, a 57-year-old former pub owner, as she stands in line at the entrance of a weekly charity grocery sale. “I would rather be running it, finding the funding to put the food on the table for other people.” Heathcote is at St Mary and

In a Japanese election that has struggled to ignite much public enthusiasm between uniform candidates trotting out similar campaign pledges, Kiyoto Tsuji is an outlier. Having spent half of his life in Canada and the US, the 42-year-old father of two has built his support around his multicultural roots and promises of generational change even

It’s normal to be intimidated by the prospect of filling out financial aid forms for college. For children of divorced parents, the process can seem especially daunting. Not only will they sometimes need to provide information on two households’ finances instead of one, but a student’s financial aid award can vary considerably from school to

A plan by Senate Democrats to impose a tax targeting 700 billionaires to partly pay for president Joe Biden’s $2tn spending plan has hit resistance among moderate members of the party, raising doubts about its political viability. Ron Wyden, the chair of the Senate finance committee, announced details of the proposal on Wednesday, saying it

Technology stocks lifted US stock markets toward another record on Wednesday after a series of strong earnings reports from giants including Alphabet and Microsoft. The benchmark S&P 500 index inched up 0.2 per cent from Tuesday’s record close, with tech groups and consumer stocks including Amazon offsetting weakness across every other sector. The tech-heavy Nasdaq

Key Takeaways Google Cloud revenue missed analysts’ expectations. Google Cloud is one of Alphabet’s primary business segments. It provides developers with a cloud platform for building, testing, and deploying applications. Google said that its cloud services are helping organizations collaborate and remain secure amid ongoing digital transformation and shift to hybrid work. Google (Alphabet) Earnings

Merck has signed a landmark voluntary licensing deal with the UN-backed Medicines Patent Pool to expand low-cost access to its Covid-19 antiviral pill throughout the developing world. It is one of the first royalty-free licensing agreements struck by a pharmaceutical company for a key Covid-19 medical technology and should boost generic manufacturing of Merck’s drug molnupiravir

Asset valuations are defying the laws of gravity. That leaves investment funds free to break the rules too. Legendary Silicon Valley venture capitalist Sequoia Capital announced this week that it had designed a “permanent capital” vehicle. The purpose of this “Sequoia Fund” is to eliminate the challenges of traditional finite funds that must return capital

Life can throw a lot at you and there might be a few times in life where you will need to borrow money to pay for certain items that your current cash levels will just not cover. This can include the financing of a large item, covering medical expenses, consolidating debt, and so on. At

In this article AMZN VZ INDIA – 2019/08/30: In this photo illustration a popular wireless communication application Verizon logo seen displayed on a smartphone. (Photo Illustration by Avishek Das | SOPA Images | LightRocket | Getty Images Verizon is partnering with Amazon to use the tech giant’s coming satellite internet system to expand rural broadband

Big Tech’s earnings boom stretched into the third quarter, with the pandemic surge in cloud computing, and a strong rebound in digital advertising, all but confirming 2021 will be a banner year for the sector. Quarterly revenues of the technology giants Microsoft and Google parent Alphabet soared beyond Wall Street’s expectations, according to figures published

Chinese tech stocks are turning higher, a year after Beijing kicked off a crackdown on the sector by blocking the record $37bn initial public offering of Jack Ma’s Ant Group. Equity benchmarks tracking the biggest names in China’s internet sector have notched double-digit gains since hitting lows in early October. The Nasdaq Golden Dragon China

Bank of America has added a new cash-back credit card to its lineup of business credit cards. The Business Advantage Unlimited Cash Rewards credit card offers a flat rewards rate on every purchase, along with some other features standard on many cash-back business credit cards. Select Bank of America customers can get a higher rewards

Sequoia Capital, one of Silicon Valley’s oldest and largest venture capital firms, has launched a bold restructuring to create a single overarching fund. The Sequoia Fund will take in capital from investors and funnel it to Sequoia’s traditional venture funds, which invest in US and European start-ups. It will also hold Sequoia’s stakes in publicly

Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free invoice management and payments platform, CNBC has learned. The start-up has grown rapidly this year by offering small and medium-sized businesses a cash back card paired with software that identifies

Five years before the US introduced its first national minimum wage in 1938, president Franklin Delano Roosevelt declared that “no business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” Almost a century later, policymakers in a range of countries are turning to

Dividend-paying exchange-traded funds (ETFs) have been growing in popularity, especially among investors looking for high yields and more stability from their portfolios. As with stocks and many mutual funds, most ETFs pay their dividends quarterly—once every three months. However, ETFs that offer monthly dividend returns are also available. Monthly dividends can be more convenient for

Online payments processor Stripe has entered a strategic partnership with “buy now, pay later” company Klarna, allowing retailers easily to add an option for customers to pay in instalments. The tie-up comes amid growing competition in the BNPL market, which offers short-term, interest-free credit provided that full repayment is made on time and has faced