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Daily Business Review

Elon Musk Is 'Not Suited' to Run Twitter, Investor Says

To the extent that Elon Musk remains involved with Twitter, it should be with the underlying technology rather than as the "front-facing CEO," the head of Gerber Kawasaki Wealth Management said.
2 minute read

Daily Business Review

Gold Holds Gain Driven by Fallout From Surprise BOJ Yield Pivot

Gold often moves in the opposite direction to the dollar as it's priced in the U.S. currency.
1 minute read

Daily Business Review

JPMorgan, Goldman Say 2023 Stock Recovery Won't Be Easy

One of the main consensus views among strategists is that stock markets aren't yet reflecting a generally downbeat economic outlook.
5 minute read

Daily Business Review

Nike Shares Soar After Sales Beat, Inventory Pileup Improves

Excess merchandise at Nike and across the apparel industry has prompted promotional activity that has eroded profitability.
3 minute read

Daily Business Review

Just 1% of Bond Investors Avoided Mistakes That Punished Rivals

Of the 198 bond funds in the U.S. that actively manage at least $1 billion, only two — the T. Rowe Price Dynamic Global Bond Fund and the JPMorgan Strategic Income Opportunities Fund — have managed to record a gain this year.
5 minute read

Daily Business Review

Musk Says Cost-Cutting Averted $3 Billion Twitter Shortfall

Twitter has always had a hard time converting conversation among its users into revenue, but with all his antics, Elon Musk has managed to make the company as buzzy as it's ever been.
3 minute read

Daily Business Review

ESG Fund Downgrades Spark EU Investor Group Complaint

Some of the world's biggest asset managers spent the past several weeks removing the European Union's top environmental, social and governance investing designation from funds in response to stricter guidance from the EU Commission.
4 minute read

Daily Business Review

FedEx Tops Estimates as Higher Prices Offset Shipment Declines

FedEx's CEO said the company is making "rapid progress on our ongoing transformation while navigating a weaker demand environment."
3 minute read

Daily Business Review

Stocks Hold Gains on Earnings, Consumer Confidence

Fresh U.S. data indicated that the Federal Reserve's persistent rate hikes are serving their purpose, but a recession may still be at bay.
2 minute read

The Legal Intelligencer

TD Bank Awarded Partial Summary Judgment in Wholesaler's Negligence Claim From CEO's $7.8M Embezzlement

"Taken as true, this evidence could establish that TD Bank did not follow its own procedures or other commercially reasonable standards in opening and maintaining the -5031 Account," Goldberg said.
4 minute read

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