The John Lewis store on Oxford Street in central London. Getty Images UK retailer John Lewis is offering workers free breakfast and lunch over the Christmas period. The scheme is aimed at helping staff cope with big jumps in the cost of living in Britain. The retailer will offer free food to all workers from…
Monthly Archives: September 2022
Former President Donald Trump. James Devaney/GC Images The DOJ is investigating Trump for keeping classified documents in his Mar-a-Lago home. A former federal prosecutor told MSNBC that the investigation is similar to a narcotics case. Danya Perry said Trump shouldn’t have kept government documents at Mar-a-Lago, declassified or not. A former federal prosecutor compared the Justice…
Lucas Jackson/Reuters The stock market may retest its June lows this autumn as earnings revisions roll in, said JPMorgan Asset Management’s global strategy chief. “I’m sorry to say, but I do think we’ve got a little bit of a torrid autumn ahead of us,” John Bilton told Bloomberg TV. He noted that half to two-thirds…
Jeremy Grantham is a famed investor and historian of stock markets. Matthew Lloyd/Getty Images Jeremy Grantham warned the stock-market superbubble is entering its final phase, set for an “epic finale.” The veteran investor dismissed the recent rebound in stocks as a classic bear-market rally. Grantham earlier warned stocks could crash around 50% — but said…
Nvidia headquarters in Santa Clara, California Justin Sullivan/Getty Images Nvidia and AMD shares fell Thursday as the US moved to restrict the sale of high-end chips to China and Russia. The Biden administration’s new licensing requirement may lead to a $400 million reduction in Nvidia’s Q3 sales. Biden in August signed a multi-billion dollar package…
Gett Images A ship’s engineer who dumped polluted water in the sea, then lied to Coast Guard, has been jailed. The Russian admitted making false statements and entries in the ship’s oil log, per the DoJ. The incident occurred after the ship’s engine room flooded off the coast of Louisiana, per the DoJ. A chief…
Jeremy Grantham. Boston Globe/Getty Images Jeremy Grantham issued a grim warning about a “superbubble” in markets this week. The GMO cofounder said the unprecedented boom in asset prices is nearing a conclusion. He flagged housing, stocks, and bonds, inflation, rate hikes, and commodity shocks as key risks. Jeremy Grantham warned of an unprecedented “superbubble” in…
TikTok’s powerful algorithm and cultural relevance has made it the go-to platform for emerging shopping trends. To succeed on TikTok, brands must craft their social commerce strategies around creating content that’s designed for entertaining first and shopping second. Insider Intelligence’s TikTok Commerce 2022 Report details social shopping behaviors on TikTok, the importance of creators in…
Getty Images David Rubenstein is still eyeing the crypto space despite the market rout this year. The billionaire investor told CNBC that he’s interested in companies working in the space and not just tokens. Rubenstein added that he expects the US government to be subtle with its regulation of crypto. Billionaire David Rubenstein says he’s…
Garmin hasn’t shown off the fruits of its ongoing partnership with Marvel in a little while, but is back with another superhero-themed watch in the form of a new Black Panther version of its fitness tracker for kids, the Vivomove Jr 3. Best fitness trackers: Top wearables to track your workouts, sleep and health The…