Lula leads opinion polls as Brazil votes in tense presidential contest

Supporters of Brazil’s presidential candidate for the leftist Workers Party (PT) and former President (2003-2010), Luiz Inacio Lula da Silva, show the “L” symbol elusive to Lula presidential campaign before a rally in Salvador, Bahia state, Brazil, on September 30, 2022. Arisson Marinho | Afp | Getty Images Brazilians cast their votes on Sunday in … Read more

Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy

Toyota CEO Akio Toyoda speaks during a small media roundtable on Sept. Las Vegas 29, 2022. Toyota LAS VEGAS — Toyota Motor CEO Akio Toyoda last week simply stated what he would like his legacy to be: “I love cars.” Just how the 66-year-old racer, car enthusiast and company scion will be remembered regarding his … Read more

Walmart bets inflation will push customers to join subscription service

Walmart launched its subscription service, Walmart+ in 2020. It has added perks, including deeper gas discounts and free access to Paramount+. walmart Americans have tons of subscriptions. Even with inflation, Walmart thinks they’re willing to pay for one more. Walmart’s subscription service is Walmart+. The program includes benefits such as free shipping for online purchases, … Read more

Brazil votes in tense Lula-Bolsonaro presidential contest

Supporters of Brazil’s presidential candidate for the leftist Workers Party (PT) and former President (2003-2010), Luiz Inacio Lula da Silva, show the “L” symbol elusive to Lula presidential campaign before a rally in Salvador, Bahia state, Brazil, on September 30, 2022. Arisson Marinho | Afp | Getty Images Brazilians are voting on Sunday in the … Read more

Monkeypox unlikely to be eliminated in the U.S., CDC says

The monkeypox virus is unlikely to be eliminated from the US in the near future, according to a report published by the Centers for Disease Control and Prevention this week. The CDC, in a technical brief, said the outbreak is slowing as the availability of vaccines has increased, people have become more aware of how … Read more

Underperformance is ‘abysmal’ in the long run for active fund managers

The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Global recently published its Mid-Year 2022 SPIVA US Scorecard, which measures how well US actively managed funds perform against … Read more

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Americans are suffering from financial burnout

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from US households. Fed Chairman Jerome Powell also warned the central bank’s upcoming moves to fight … Read more

Intel-owned Mobileye files S-1 for IPO

Mobileye’s CEO Amnon Shashua poses with a Mobileye driverless vehicle at the Nasdaq Market site in New York, July 20, 2021. Jeenah Moon | Reuters Mobileye, an Intel-owned company that makes chips, maps, and software for self-driving cars, has filed for an IPO, according to a prospectus filed with the SEC on Friday. Mobileye’s filling … Read more

Charts suggest it’s ‘way too early’ for the market to rebound

CNBC’s Jim Cramer on Friday warned investors that the stock market is unlikely to recover anytime soon. “The charts, as interpreted by Mark Sebastian … suggest that this market’s got more downside, and it’s way too early to go really bullish,” he said. related investing news Chart analysts say the breakdown in Apple’s stock may … Read more