A Dick’s Sporting Goods store stands in Staten Island in New York City, March 9, 2022.Spencer Platt | Getty ImagesCheck out the companies making headlines before the bell:Fabrinet — Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts' estimates. The advanced manufacturing services company posted non-GAAP...
A Miami supermarket in July 2023.Joe Raedle | Getty Images News | Getty ImagesThe forecast for the post-pandemic U.S. economy once called for a recession. Now many experts are backing off those predictions.In the latest about-face, 69% of economists surveyed by the National Association for Business Economics, or NABE,...
A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.This was the fastest quarterly...
A team of 16 advisors and 12 support staff are changing their affiliation to build on the substantial growth they have enjoyed over the past 14 years. Watermark Wealth Management has offices in Scottsdale, Chandler and Payson, Arizona, and Minneapolis, Minnesota, and was founded in 2009 during the financial crisis...
Citigroup Inc. Chief Executive Officer Jane Fraser is weighing an overhaul of the firm’s most powerful committee of decision makers as she seeks to simplify the Wall Street giant. The CEO has discussed adding executives including Andy Morton, who leads the trading division, and Shahmir Khaliq, who runs treasury and...
Climate-related investments at KKR will now be overseen by a trio of leaders after the firm hired a new co-head of its climate strategy. Charlie Gailliot joins KKR in New York from Goldman Sachs, where he spent 20 years as a private markets investor and was most recently a partner...
When a client talks to their financial advisor about retirement, they want to be assured that they won’t run out of money, but it’s likely they won’t know how long it needs to last. That’s because there is a significant lack of knowledge about the life expectancy of a retiree...