Porsche warns on profits due to aluminum shortage
Shares of sportscar maker Porsche slumped on Tuesday after a profit warning, which the group blamed on a supply shortage of specialist aluminum alloys. Source link...
MARKET
Wiz will focus on IPO after rebuffing $23 billion Google deal: reports
Google’s talks to buy cloud-security startup Wiz Inc. for $23 billion have fallen through, according to multiple reports Monday night. Source link...
More than 100 workers walk off job at Amazon air hub, Teamsters say, in wake of record Prime Day
Workers at a key Amazon.com Inc. air-shipping hub in Southern California walked off the job over the weekend, the Teamsters union said Monday, in response to what the group said was retaliation from the online retailer against workers for organizing....
Politics could start to matter to markets again as Election Day nears. Here’s what investors will be watching.
President Joe Biden’s decision not to seek a second term doesn’t appear to be having much of an effect on markets — but that could change once fall arrives and, with it, the final stretch of the presidential campaign. Source...
Ethereum ETFs arrive Tuesday. Here’s what you need to know before trading.
Several issuers have received approval from the U.S. Securities and Exchange Commission to launch exchange traded funds investing directly in ether, the first such products in the market. Source link...
Is Broadcom’s stock benefiting from Nvidia ‘fatigue’?
Nvidia shares still garner the most positive reception, but Broadcom “is catching up” in terms of sentiment, according to Citi Source link...
Higher- and low-income people both got free monthly cash payments. This is how they spent it differently.
Higher-income and low-income earners both got UBI for three years. New research shows how they spent their cash payments differently Source link...
When Trump leads the polls, these 3 S&P 500 sectors are the most at risk
How Trump’s chances in the PredictIt betting market affect the U.S. stock market. Source link...
Mattel’s stock rallies on news of acquisition offer as Hasbro may enter the fray
Shares of Mattel Inc. jumped on Monday on a report saying that the private-equity firm L Catterton had come forward with an offer to acquire the toy maker — a move one analyst said wasn’t surprising given a long slump...
When will women’s wages catch up to men’s? Never, according to one study.
The fact that the gender pay gap is declining doesn’t mean women are better off. Source link...
