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Financial News Around the World

Why Patagonia’s billionaire founder gave away his $3 billion company to fight climate change: ‘Earth is now our only shareholder’

Yvon Chouinard, the billionaire founder of outdoor apparel maker Patagonia, is giving his $3 billion company away for a greater cause: fighting climate change.

Published 15 September 2022
Categorised as Finance News

Retail sales growth sluggish in August as consumers fight to keep up with inflation

Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change.

Published 15 September 2022
Categorised as Finance News

‘The economy is breaking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht

The economy is on the brink of serious downturn if the Fed doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.

Published 15 September 2022
Categorised as Finance News

Stocks making the biggest moves premarket: Rail stocks, Arconic, NextEra Energy and more

These are the stocks posting the largest moves before the bell.

Published 15 September 2022
Categorised as Finance News

These are the 10 wealthiest cities in the world — and five are in the U.S.

New York is the city with the most high-net-worth individuals in the world, and four other U.S. cities are also in the top 10.

Published 15 September 2022
Categorised as Finance News

Job worries? Here’s how China stacks up against the U.S. and other countries

More people in China and Brazil are worried about their jobs than in the U.S. and U.K., according to a survey by consulting firm Oliver Wyman.

Published 15 September 2022
Categorised as Finance News

Stocks making the biggest moves after hours: NextEra, Danaher, Rhythm Pharmaceuticals and more

These are the stocks posting the largest moves in extended trading.

Published 14 September 2022
Categorised as Finance News

Taxpayers can avoid a ‘very nasty surprise’ by making quarterly payments by Sept. 15

The deadline for third-quarter estimated tax payments is Sept. 15. Here’s what filers need to know.

Published 14 September 2022
Categorised as Finance News

Cathie Wood’s contrarian deflation call gets endorsements from Elon Musk, Jeffrey Gundlach

Jeffrey Gundlach and Elon Musk recently joined Wood’s camp in calling for a decline for prices, expressing worries that the Federal Reserve might go too far.

Published 14 September 2022
Categorised as Finance News

Ares Management CEO Michael Arougheti breaks down where to find yield in a world of uncertainty

Ares Management has been a beneficiary of the current environment with heightened demand for floating rate credit and real assets.

Published 14 September 2022
Categorised as Finance News

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