Tuesday, March 2, 2021

Nike’s North American head Ann Hebert renews24nations after report reveals ties to a sneaker resale biz

Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Nike said Monday that the vice president and general manager of its North America division, Ann Hebert, has left the...

It’s time for Biden’s financial regulators to face the Senate spotlight

It's time for Biden's financial regulators to face the Senate spotlight
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images The confirmation hearings for President Joe Biden's choices to run the Securities and...

Fed policy changes could be coming in response to bond market turmoil, economists say

Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon...

GST collection in February tops Rs 1 lakh crore; 7% increase from the year-ago month

Goods and service tax collections in February clocked Rs 1.13 lakh crore, up 7% from the same month last year on the back of various measures taken by the government to improve compliance. Revenue collection crossed Rs 1 lakh crore for the fifth time in...

New York attorney general warns cryptocurrency industry: ‘Play by the rules or we will shut you down’

New York attorney general warns cryptocurrency industry: 'Play by the rules or we will shut you down'
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. "We're sending a clear message to the entire industry that you either play by...

Stocks making the biggest moves in the premarket: Hilton Grand Vacations, J&J, NRG Energy & more

Stocks making the biggest moves in the premarket: Hilton Grand Vacations, J&J, NRG Energy & more
Take a look at some of the biggest movers in the premarket: Hilton Grand Vacations (HGV) – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a...

Exxon shares jump as activist investor Jeff Ubben joins the board

Exxon shares jump as activist investor Jeff Ubben joins the board
Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a news24nation that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from oil stocks. Exxon said the...

United Airlines buys 25 additional Boeing 737 Max jets in vote of confidence in the planes

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines is buying 25 additional Boeing 737 Max planes and taking delivery of other orders earlier than previously planned as it prepares for a recovery in...

Stimulus checks, unemployment benefits lift 1.6 million Americans out of poverty

Stimulus checks, unemployment benefits lift 1.6 million Americans out of poverty
A woman walks past tents for the homeless lining a street in Los Angeles, Calif. on Feb. 1, 2021. FREDERIC J. BROWN | AFP | Getty Images More than one million Americans were lifted out of poverty in January as a result of federal stimulus checks...