The CEOs of nearly 200 companies just said shareholder value is no longer their main objective
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."
U.S. e-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, as it looks to expand its global reach at a time of intense regulatory scrutiny in its home market.
World stock markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold.
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.
Cathay Pacific Ltd needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline's new chief executive told staff on Monday.
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs of progress in U.S.-China trade negotiations.
Here are the biggest calls on Wall Street on Monday
Funding Report for Week Ending 8/18/2019
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Commerce Secretary Wilbur Ross said on Monday that the Trump administration was not happy with how Federal Reserve monetary policy was helping the U.S. dollar stay strong.
U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in 12 years.
Wall Street opened higher on Monday, after China's plans of an interest rate reform reinforced hopes that major economies would act to counter the impact of escalating global trade tensions.
U.S. Commerce Secretary Wilbur Ross said on Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist.
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.
Nomura analysts say that e-commerce companies and those with strong digital advertising businesses could be winners during a downturn.