Oil prices hit 14-year highs on Russia oil ban talks, Iran deal delay

Brent, WTI jump to highest levels since 2008 US, Europe discuss banning Russian oil imports Iranian nuclear talks clouded by Russian demands US and Venezuela discussed oil sanctions BENGALURU, March 7 (Reuters) – Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies … Read more

Uniqlo owner stays put in Russia as Levi, AMEX and others sever ties

Uniqlo’s Russian stores to stay open Danone suspends investments in country KPMG, PwC, EY, Deloitte all cut ties with local units American Express calls Ukraine attack ‘unjustified’ March 7 (Reuters) – Uniqlo owner Fast Retailing (9983.T) will keep its stores in Russia open, joining a small group of international firms that are staying put even … Read more

Uber raises first-quarter outlook on strong ridership rebound

Uber sign on a vehicle at Oakland International Airport in Oakland, California, US, on Tuesday, Feb. 8, 2022. David Paul Morris | Bloomberg | Getty Images Uber boosted its first-quarter 2022 financial outlook on Monday, citing a faster-than-expected rebound from coronavirus omicron headwinds. The company’s stock was up more than 6%. Shares of competitor Lyft … Read more

Which tech companies are cutting ties with Russia over its war in Ukraine?

From social media giants to video game publishers, a growing number of tech companies are halting business with Russia in response to its invasion of Ukraine. Here’s an overview of what the main tech companies have announced so far. The list is growing and will be regularly updated. Microsoft Microsoft said on friday it was … Read more

Tesla becomes the target of Chevrolet National Dealer Council chairman’s EV goals

Keith McCluskey, the Chevrolet National Dealer Council chairman, has his sights aimed high as the veteran automaker increases his efforts to break into the growing electric vehicle sector. Amidst parent company General Motors’ continued EV efforts, McCluskey maintained that Chevrolet dealers are looking to beat a formidable rival — Tesla. “We want to beat Tesla … Read more

US retirement funds, heavy on stocks, brace for losses

Volatile stock markets are eroding the retirement savings of America’s teachers and firefighters after public pension systems ended last year with equity holdings at a 10-year high. Public pension funds had a median 61% of their assets in stocks as of Dec. 31, up from 54% 10 years ago, according to Wilshire Trust Universe Comparison … Read more