After Tesla ‘s epic run, Wall Street needs to fish or cut bait on the stock. Barclays decided to cut bait. Analyst Dan Levy on Wednesday downgraded Tesla (ticker: TSLA) shares to Hold from Buy while taking his price target to $260 a share from $220. The downgrade with a…

By Sabela Ojea MedMen Enterprises said Friday that Chief Financial Officer Ana Bowman has resigned, effective on June 29. The cannabis retailer has begun a formal search to identify a successor. Bowman was appointed to the CFO role in 2022. Write to Sabela Ojea at [email protected]; @sabelaojeaguix Read the full…

After years of record-setting generosity, charitable giving declined in 2022 — marking only the fourth year-over-year decrease since 1982. With inflation and a down stock market squeezing wallets, total charitable giving fell to $499.33 billion in 2022, down 3.4% in current dollars from 2021, or 10.5% after adjusting for inflation.…

Richmond Federal Reserve President Tom Barkin said inflation is still too high and he needs to be convinced it’s slowing more quickly before he would back an end to interest-rate increases. “I want to reiterate that 2% inflation is our target, and that I am still looking to be convinced…

© Reuters. FILE PHOTO: Hedge fund manager Crispin Odey gestures as he departs Westminster Magistrates’ Court, after being found not guilty of indecent assault, during a three-day long trial in London, Britain, March 11, 2021. REUTERS/John Sibley/File Photo By Nell Mackenzie and Kirstin Ridley LONDON (Reuters) -Wall Street firms are…

By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China’s central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at…

By Gabriel Burin BUENOS AIRES (Reuters) – An expected fall in Mexico’s peso will likely be cushioned by its favorable interest rate spread, although there is a wide range of views on the currency’s prospects over the coming year, a Reuters poll of foreign exchange strategists showed. This week the…

(Reuters) – Canadian companies across industries have laid off thousands in recent months as a post-pandemic spending splurge fades and rising interest rates fan fears of a possible recession. The cuts mirror the tens of thousands of layoffs seen in the United States, where major companies such as Meta Platforms…

Earlier this month, the payments world met in Amsterdam, the Netherlands, for Money20/20 Europe, one of the biggest events on the industry’s international calendar. But while the conference had the usual strong attendance, it had a far more muted tone than in previous years that reflects shifting trends within the…

I like to be a miserable old curmudgeon as much as the next pundit. The end is nigh. Repent. The world is going to come to an end because of X. X is of course whenever the latest thing is about to be an existential threat. One could, of course,…