As the new academic year gets underway, a new report reveals a gender gap among the most lucrative degrees. Of those who hold the top 20 highest-earning bachelor’s degrees, 78% are men and 22% are women according to the analysis from Bankrate.com which looked at the median income of 151...
European stocks fell amid weak German data and elevated oil prices that reignited concerns over inflation. The Stoxx 600 index retreated 0.6%, sliding for a sixth day after German factory orders plummeted in July, a sign that the woes of Europe’s biggest economy continued into the third quarter. The euro jumped as...
Morgan Stanley is returning to a bearish view on emerging-market currencies, citing concerns over China’s growth risks that not only weigh on the yuan but also further pressure a weak global economy. The shift from a neutral stance partly resulted from a view change on the offshore yuan, where the...
Grid constraints, the still high cost of green technology and planning delays are holding up $18 trillion worth of investments needed to reach global 2030 climate goals, making any rapid energy transition increasingly unlikely. The incorporation of renewable and other low-carbon sources of energy must happen three times faster than...
Artur Widak | Nurphoto | Getty ImagesModerna's new Covid vaccine produced a strong immune response against BA.2.86, a highly mutated omicron variant that health officials are watching closely, according to clinical trial data the biotech company released Wednesday. The updated shot produced an 8.7-fold increase in protective antibodies against BA.2.86,...
The Middle East is home to some of the world’s largest sovereign wealth funds. Overseeing close to $3 trillion of assets, these investing giants have become key players in global dealmaking. Flush with cash from last year’s commodity boom, entities from Abu Dhabi Investment Authority to Saudi Arabia’s Public Investment...
Illustration by Elham AtaeiazarAfter pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney's CEO. His hand-picked successor, Bob Chapek, then Disney's parks chairman, would take over the day-to-day job of running the company, effective...
A former DRW Holdings LLC trader and research analyst was accused in a lawsuit of stealing proprietary computer code used in the firm’s quantitative strategies. Avi Mahajan was sued in federal court in New York on Tuesday by an entity controlled by DRW’s lead quantitative researcher, David Sweet. According to the suit,...
About 10 years ago, I invented a rule about covering mergers and acquisitions that still hasn't failed me.Here it is: Will Apple buy [insert company of your choice here]? --> No.Apple almost never buys name-brand companies. Its largest takeover was 2014's $3 billion deal for Beats Electronics. Apple is...