30 March

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Comic: Could Suez Be the Straw That Breaks Globalisation’s Back? By Investing.com

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By Geoffrey Smith Investing.com -- The blocking of the Suez Canal last week threw up some big numbers, although perhaps none bigger than the number of Internet memes it generated. Suez carries about 12% of global trade, including 1 million barrels of oil and refined product a day, and about 8% of the world’s trade in liquefied natural gas. Over 19,000 ships sailed...

30 March

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Roku Rises on Buy Rating as Truist Sees Boost From Platform Business By Investing.com

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By Dhirendra Tripathi Investing.com – Roku (NASDAQ:ROKU) shares rose 4% Tuesday after Truist analyst Matthew Thornton upgraded the stock to buy, influenced by attractive valuations and an anticipated boost from its platform business. Thornton previously had a hold on the stock. His target price is $367, which implies a gain of 18% from the current price. Roku last week...

30 March

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Gap’s Gonna Have a Good Year: Analysts By Investing.com

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By Christiana Sciaudone Investing.com -- Gap jumped more than 4% after analysts called it a post-pandemic winner amid the sale of a premium children's fashion brand. Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM) see the company ready for a comeback amid an attempt to turn around the business, Dow Jones reported. The company also unloaded Janie and Jack, which makes...

30 March

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Amazon union vote enters final stretch in watershed moment for U.S. labor By Reuters

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By Mike Spector and Jeffrey Dastin (Reuters) -The National Labor Relations Board has begun reviewing ballots from Amazon.com Inc (NASDAQ:AMZN)'s workers in Alabama, who have voted on whether to form a union, with momentum for future labor organizing at America's second-largest private employer hanging in the balance. Agents from the labor board began...

30 March

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German March inflation surpasses ECB target By Reuters

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BERLIN (Reuters) - Higher energy prices and supply chain disruptions pushed Germany's annual consumer price inflation in March above the European Central Bank's target of close to but below 2%, Federal Statistics Office data showed on Tuesday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2% from 1.6% in February. Non-harmonised consumer price...

30 March

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Cholula Hot Sauce Helps Spice Up McCormick’s Results By Investing.com

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By Dhirendra Tripathi Investing.com – McCormick (NYSE:MKC) gave investors a pinch of good news, boosting its full year sales forecast as the company expects us to keep up the home cooking. Shares rose 4.5% after the spice maker said the shift in consumer demand to at-home consumption to be sustained at higher than pre-pandemic level, with sales expected to increase by 8% to 10%...

30 March

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Airbus sees medium-haul air travel recovery by 2023 By Reuters

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PARIS (Reuters) - European planemaker Airbus sees demand for flying on the industry's most-used jets - the medium-haul A320 and Boeing (NYSE:BA) 737 families - recovering to pre-pandemic levels in 2023, amid concerns over the shape of demand for bigger models. Chief Executive Guillaume Faury said on a webcast on Tuesday that the recovery in air travel in Europe had been "very...

30 March

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Credit Suisse in firing line after Archegos losses By Reuters

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By Brenna Hughes Neghaiwi and Matt Scuffham ZURICH/NEW YORK (Reuters) -Pressure was mounting on Credit Suisse (SIX:CSGN) on Tuesday over losses linked to the downfall of Archegos Capital, with analysts warning its dividend and share buyback plans may need to go on hold and investors advised to vote against management pay. Losses at Archegos, a family office run by former...

30 March

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UK’s Raab says China’s changes in Hong Kong breach Joint Declaration By Reuters

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LONDON (Reuters) - Britain said on Tuesday that China had breached the 1984 Joint Declaration by enacting changes to Hong Kong's electoral system which undermined the freedoms of people in the former British colony. "Today China enacted changes to Hong Kong’s electoral system which are a clear breach of the Joint Declaration –...

30 March

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StockBeat: The Wheels Come Off at Credit Suisse By Investing.com

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By Geoffrey Smith Investing.com -- Credit Suisse has spent a decade trying to reinvent itself as a more transparent, less cavalier player in global financial markets, but the events of the last month suggest that it may all have been a sham. Already last week, the Swiss bank was reportedly facing losses of anything between $1 billion and $3 billion from its exposure to...

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News

Comic: Could Suez Be the Straw That Breaks Globalisation’s Back? By Investing.com

Roku Rises on Buy Rating as Truist Sees Boost From Platform Business By Investing.com

Gap’s Gonna Have a Good Year: Analysts By Investing.com

Amazon union vote enters final stretch in watershed moment for U.S. labor By Reuters

German March inflation surpasses ECB target By Reuters

Cholula Hot Sauce Helps Spice Up McCormick’s Results By Investing.com

Airbus sees medium-haul air travel recovery by 2023 By Reuters

Credit Suisse in firing line after Archegos losses By Reuters

UK’s Raab says China’s changes in Hong Kong breach Joint Declaration By Reuters

StockBeat: The Wheels Come Off at Credit Suisse By Investing.com

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