Jyoti Singh
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The union representing 33,000 striking Boeing machinists said on Saturday that it had reached a tentative agreement to end a month-long work stoppage that has crippled the plane maker. The International Association of Machinists and … Read more
When CVS Health suddenly announced the departure of CEO Karen Lynch and the appointment of David Joyner as her replacement, another announcement followed: “Roger Farah Named Executive Chairman of the Board.” Although Roger Farah may not be a household name, investors should take note of his new role. At 71, he has become the most … Read more
CEO Carlos Tavares of Stellantis NV announced the closure and sale of the company’s large vehicle proving grounds in Arizona by the end of this year. The decision is part of cost-cutting measures undertaken by the automaker, which has been facing financial challenges, layoffs, and overall business decisions. The Arizona Proving Grounds, spanning 4,000 acres … Read more
According to technical analyst Mark Newton of Fundstrat, the stock market could experience a 7% correction by mid-November. Newton believes that investor complacency and weak seasonal trends could trigger this decline. However, he views any potential pullback as a buying opportunity, commonly known as a “buy the dip” strategy. Newton stated in a note to … Read more
A 49-year-old man was arrested by Tokyo police on Saturday for throwing what seemed to be Molotov cocktails at the headquarters of Japan’s ruling Liberal Democratic Party (LDP). The man also crashed his van into the security fence outside the prime minister’s office, located near the LDP headquarters in Nagatacho, and threw what appeared to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At his first public appearance in charge of a struggling Chelsea team in early 2021, Thomas Tuchel set himself an ambitious target. The Premier League title was already beyond reach, he said, so success would … Read more
Former President Donald Trump recently spoke highly of Apple CEO Tim Cook during a podcast interview, praising Cook for his leadership at the tech giant. Trump mentioned that he believes Apple wouldn’t be as successful without Cook at the helm, comparing his performance favorably to that of the late Apple founder Steve Jobs. The former … Read more
It is time to consider investing in health-care stocks again, according to Wolfe Research. The sector has experienced a significant pullback of over 4% from September to October, making it one of the worst-performing sectors in the past month, as noted by technical analyst Rob Ginsberg in a recent report. The Health Care Select Sector … Read more
BlackRock’s Bitcoin ETF Gobbles Up $1B This Week, Fidelity Leads Among Ethereum ETFs with $31M Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) ETF has attracted over $1 billion in inflows this week alone, which has helped propel the apex crypto … Read more
XRP’s price action has been showing signs of strength recently, suggesting that the anticipated death cross may not occur after all. A death cross happens when a short-term moving average crosses below a long-term moving average, typically indicating bearish momentum. However, XRP’s recent performance indicates a potential reversal in trend. The 200-day EMA is a … Read more