business news

Here are Friday's biggest analyst calls: Rivian, Oracle, Teladoc, Bed Bath & Beyond, Walmart & more

Here are Friday’s biggest analyst calls: Rivian, Oracle, Teladoc, Bed Bath & Beyond, Walmart & more

Here are Friday’s biggest calls on Wall Street: DA Davidson initiates Teladoc as buy DA Davidson said it sees upside for the the telehealth company. “COVID created unprecedented tailwinds for the market, which turned into headwinds; we believe we are now at stable to growing penetration rates for telehealth, and that Teladoc is well-positioned to …

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How to pick the best MacBook so you're not overspending for what you don't need

How to pick the best MacBook so you’re not overspending for what you don’t need

A new MacBook Air running M2 chip is seen displayed during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has five MacBook computers to choose from, which might be a little daunting if you’re in the market for a new laptop as we hit back-to-school season. …

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26% of job switchers regret joining the Great Resignation, survey finds: 'They’ve sobered up'

26% of job switchers regret joining the Great Resignation, survey finds: ‘They’ve sobered up’

Despite some indications of an economic slowdown, the job market remains remarkably stable, and many workers have reaped the benefits. In fact, a record number of employees quit their jobs, found new positions and renegotiated along the way. But not everyone who joined the so-called Great Reshuffle is better off. More than a quarter — …

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Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to …

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Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to …

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Here's where China's real estate troubles could spill over

Here’s where China’s real estate troubles could spill over

China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist — …

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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was …

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Some social media influencers are being paid thousands to endorse cryptocurrency projects

Some social media influencers are being paid thousands to endorse cryptocurrency projects

Ben Armstrong says his crisis of conscience came in January of this year, when he realized he had to stop a business practice he — and a lot of other people in his line of work — had been engaged in for years.  Armstrong is one of the most-watched crypto influencers on YouTube. His channel, …

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The inflation argument that predicts another good decade for technology investing

The inflation argument that predicts another good decade for technology investing

TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Source: TuSimple As inflation keeps flirting with 40-year highs, we know what the Fed is doing to fight back: raise interest rates. But what can businesses do to fight back …

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Ethereum just pulled off its final test run ahead of one of the most important events in crypto

Ethereum just pulled off its final test run ahead of one of the most important events in crypto

Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. Getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade …

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