Canadian Pacific Railway Ltd. CP 0.08% trains were halted Sunday morning, stalling global shipments of key manufactured goods and commodities such as fertilizers, after an impasse in contract negotiations between the company and its conductors and engineers. Canadian Pacific and the Teamsters Canada Rail Conference, which represents more than 3,000 conductors, engineers and yard workers … Read more
Illustration by Mitchell Preffer for Decrypt As spring arrives in the northern hemisphere and temperatures warm, so too did crypto markets, with most leading cryptocurrencies up from last Sunday after a stagnant winter. But garnering even more attention? Elon being Elon. On Monday, Tesla and SpaceX CEO asked his followers for “thoughts about probable inflation … Read more
Text size A customer browses gift-wrapping supplies a Dollar Tree store in Louisville, Ky. Luke Sharrett/Bloomberg Same-store sales are critical for retailers, but many investors worry that they will fall in 2022 because 2021—a great year for the industry–gave them a hefty boost. Analysts have increased their estimates for the key metric for only five … Read more
Shares of Facebook and Instagram parent Meta have plummeted more than 40% over the past six months — and some employees saddled with underwater stock options are eyeing the exits. “Joined Meta near [all time stock high], now feeling like s—t,” one Meta employee said this week in a popular thread on Blind, a corporate … Read more
© Reuters By Noreen Burke Investing.com — With a long-awaited rate hike from the Federal Reserve out of the way investors will be looking to see whether stocks are set for a sustained recovery or if more turbulence awaits. The war in Ukraine will remain in focus, with markets continuing to monitor headlines. Oil markets … Read more
Investors are piling back into U.S. stocks, betting that the domestic equity market can withstand new economic headwinds better than other parts of the world. The U.S., by contrast, is less reliant on Russian oil, while counts of Covid-19 patients admitted to hospitals have fallen substantially. And many investors believe the U.S. economy entered the … Read more
As of February 2021, IKEA had 54 solar arrays installed across 90% of its US locations. Leveraging the full rooftop solar potential of these superstores would generate enough electricity to power nearly 8 million average homes, the report concluded, and would cut the same amount of planet-warming emissions as pulling 11.3 million gas-powered cars off … Read more
An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion in 2021, … Read more
After a day on which US-listed Chinese stocks had exploded 33 per cent higher and the Hang Seng Technology Index had staged its biggest ever one-day gain, a veteran Asia investor at one of the world’s largest hedge funds called last Thursday to declare a turning point. The scale of the rally was welcome and … Read more
White House targets Putin and big oil companies for sky-high gasoline prices, as small businesses deal with the fallout. FOX Business’ Jeff Flock breaks down the myths vs. facts of Biden’s gas price blame. House Democrats are turning up the pressure on oil companies as high gas prices continue to hurt drivers, with a congressional … Read more