The burned-out building loomed over the city’s downtown. The faded marquee on its facade was a faint reminder of long ago when its name didn’t form the tail end of a question: What to do with the Hotel Marysville? The historic hotel at Fifth and E streets that once greeted stars of screen, sports and […]
Photo: Rivian Rivian builds some outstanding electric vehicles. It also recently announced several new models, including the incredibly desirable R3X. To make those vehicles happen, though, Rivian needed money, and this week it announced that Volkswagen would invest up to $5 billion in the startup. That’s great news for Rivian and future customers holding out […]
https://stock.adobe.com/uk/contributor/206124983/moofushi?load_type=author&prev_url=detail moofushi / Adobe Stock Good morning from Skift. It’s Friday, June 14, 2024. Here’s what you need to know about the business of travel today. Listen Now 🎧 Subscribe Apple Podcasts | Spotify | Overcast | Google Podcasts | Amazon Podcasts Episode Notes The use of artificial intelligence in the travel industry has grown significantly in recent years. However, the industry still […]
Much has been made about the revival of Detroit’s oldest community but truly, much more should be said about Southwest Detroit and the residents and business owners who endured the down times and depression of Detroit. Businesses in Mexicantown have long been anchors of the community. Corktown has had restaurants like McShane’s, Nemo’s, P.J.’s Lagerhouse, […]
It was a shot in the arm for India’s main opposition Congress after poll results Tuesday showed the grand old party was close to doubling its seats despite starting as underdogs. The once-mighty political force with a proud role in ending British colonial rule had been down in the dumps after two humiliating defeats at […]
(Bloomberg) — Forget the stock market or private credit. Fixed income will outstrip other asset classes after “a generational reset higher in bond yields,” according to one of the world’s biggest bond managers, Pacific Investment Management Co. Most Read from Bloomberg “Active fixed income is positioned to perform well if there are no recessions over […]
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Anthony Ramos plays a fictional character in “Dumb Money.”Sony Pictures There’s something off about the recent explosion in meme stocks like GameStop, one market pro writes. Deep out-of-the-money call options saw an explosion in trading volume just before the return of “Roaring Kitty.” “It’s probably all legal, but someone played this beautifully,” Interactive Brokers strategist […]
GameStop stock (GME) soared as much as 110% Monday before paring gains, and it was halted for volatility numerous times after “Roaring Kitty,” the person who is seen as the kick-starter of the meme stock frenzy during the pandemic, posted online for the first time since 2021. The stock crossed above $30 per share on […]
German President Frank-Walter Steinmeier has called for German-Turkish relations, which have been simmering on the back burner for some time, to be revitalized. “These are serious times. And that is precisely why we need each other,” he said at a joint press conference with Turkish President Recep Tayyip Erdoğan in Ankara on Wednesday. “That is […]
Wall Street is surging again. This time, bank executives say it’s for real. Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and JPMorgan Chase (JPM) all reported first-quarter jumps in investment banking. They did so because initial public offerings, bond issuances and in some cases M&A deal making beat analyst expectations. […]
Profits at Goldman Sachs (GS) rose 28% in the first quarter as investment banking revenues surged, giving CEO David Solomon some needed momentum at the start of 2024. Net income was $4.1 billion, beating analyst expectations. Its revenues of $14.2 billion also surged from a year ago thanks in part to a 32% rise in […]