Cameco and Brookfield Renewable Partners said they will buy Westinghouse Electric Co. in a deal that will boost nuclear power, an energy resource reinvigorated by the need to reduce the use of carbon-based fuels. The Canada-based companies said Tuesday that they are forming a strategic partnership to acquire the nuclear-services business. Brookfield Renewable, with its … Read more
(Bloomberg) — Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation. Most Read from Bloomberg The layoffs will be announced as early as this month, with the company planning to make the … Read more
Did you buy a house before 2022? If the answer is ‘no,’ you will likely be on the wrong end of financial inequality over the next decade — here’s why If you bought a house before 2022, then you should count yourself among the fortunate. The rise in mortgage rates coupled with still steep housing … Read more
A four-year bachelor’s degree has long been the first rung to climbing America’s corporate ladder. But the move to prioritize skills over a college education is sweeping through some of America’s largest companies, including Google, EY, Microsoft, and Apple. Strong proponents say the shift helps circumvent a needless barrier to workplace diversity. “I really do believe … Read more
cash over gold While gold has long been considered a safe haven in times of market volatility, investors are actually pulling out of the metal of Midas at this moment for a somewhat different choice – cold, hard cash. Gold prices dropped 2.2% on Wednesday following a reports that the Federal Reserve might once again … Read more
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures, as investors look ahead to big inflation reports and Federal Reserve news. X The Nasdaq and S&P 500 hit fresh bear market lows Tuesday. The Dow Jones led an intraday rally, but the major indexes faded to mostly negative by the … Read more
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you know, as inflation comes down, them my risk calculation will shift as well and we will want to either slow the rate increases, hold for … Read more
Outraged Disneyland fans slammed the Mouse House for jacking up ticket prices again — with some posting memes portraying CEO Bob Chapek as various Hollywood villains including Dr. Evil, Hannibal Lecter and the murderous doll from the “Chucky” horror franchise. Disneyland and neighboring California Adventure Park in Anaheim, Calif., on Tuesday raised single-day ticket prices … Read more
(Bloomberg) — Hedge fund manager David Einhorn said he doesn’t know if value investing will ever be in vogue again. Most Read from Bloomberg “I don’t know that it ever comes back,” the Greenlight Capital founder said Tuesday in an interview with Bloomberg Television on the sidelines of the Robin Hood Investors Conference in New … Read more
Declining sales of personal computers have slammed PC-exposed stocks like chipmakers AMD (AMD) and Intel (INTC) along with computer makers Dell (DELL) and HP (HPQ). Now, Microsoft (MSFT) stock is in the crosshairs. X Software giant Microsoft could be the “next shoe to drop,” Jordan Klein, managing director for tech, media and telecom sector trading … Read more