Elon Musk Reclaims Title As World’s Richest From Bernard Arnault—As Net Worth Reaches $210 Billion
Topline Tesla CEO Elon Musk overtook LVMH chief Bernard Arnault to become the world’s richest person Thursday, doing so after briefly losing the title to Arnault overnight, when LVMH shares jumped in morning trading in Europe. Musk was briefly overtaken…
Salesforce, UiPath, Best Buy, Kohl’s, Foot Locker, HP Inc., C3.ai, Nutanix, and More Stock Market Movers
Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce reported first-quarter adjusted earnings that topped Wall Street predictions but shares of the business-software company were falling 18% after revenue of $9.13 billion…
Houston-Based Russo’s New York Pizzeria Introduces Gluten-Free Italian Menu Options
Houston-Based Russo’s New York Pizzeria Introduces Gluten-Free Italian Menu Options Barchart
Retail Sales Data Suggests A Strong Consumer Or Does It
The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In…
World’s Biggest Energy Traders Are Returning to Metals Markets
Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they…
Economic Warning From The NFIB
The latest National Federation of Independent Business (NFIB) survey was an economic warning that departed widely from more robust governmental reports. In a recent analysis of small businesses, we discussed the importance those business owners play in the economy. “It…
China Aims to End Age-of-Froth That Has Plagued Its Stock Market
China is seeking to end the years of speculator driven boom-and-bust trading by pivoting toward value investment in its once-a-decade capital-market reform plan. The “Nine-Point Guideline” published by the State Council last week includes measures to encourage dividend payments, improve…
Inflation Outlook Worsens as Iran, Israel Face Off. What to Do.
Tensions in the Middle East and a still strong economy make the case that inflation could stick around, delaying interest rate cuts by the Federal Reserve. Investors may want to use any uncertainty over geopolitics or the Fed’s next moves…