LVMH has built a powerful portfolio of 75 brands. In 2023, it became the first European company to reach a $500 billion value.
Charm gets $53 million to turn corn leftovers into oil and inject it into abandoned oil and gas wells
Frontier has $1 billion in commitments for carbon removal and on Thursday announced its first big deal for carbon to be sequestered with Charm Industrial.
UBS sees a big gain for this chemical stock as lithium prices in China stabilize
This chemical stock could add to further growth if lithium costs in China decline below consensus expectations, according to UBS.
Alibaba plans to list cloud division as quarterly revenue misses expectations
Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan’s quarterly revenues missed expectations.
Intel leak suspect was warned about mishandling classified info, prosecutors say
Jack Teixeira was seen taking notes on classified intelligence information and putting them in his pocket, Justice Department lawyers alleged in court filings Wednesday.
Panasonic plans multiple new battery factories in North America by 2030
Japan’s Panasonic aims to ramp up production of battery cells used in electric vehicles by building at least two new factories in North America.
Buy Charles Schwab shares to ride out potential summer volatility, Deutsche Bank says
The bank reiterated the stock as buy, and its price target of $71 per share implies upside of 37% from Wednesday’s close.
Sen. Elizabeth Warren presses regulators for answers on First Republic takeover
The deal resulted in a billion-dollar loss to the FDIC’s Deposit Insurance Fund while JPMorgan is set to earn billions, Warren said.
As G-7 Summit kicks off in Hiroshima, China and Russia are on everyone’s minds
The leaders of the seven major industrial democracies will discuss the future of the global relations and its economy as the world faces a number of uncertainties.
Buy this shipping giant ahead of earnings next month, Deutsche Bank says
This shipping giant stock could gain beyond consensus expectations on a potentially strong quarterly result next month, according to Deutsche Bank.