Japan is launching a new high-speed bullet train, or shinkansen, extension on Saturday that will make an under-the-radar prefecture far more accessible to travelers.The coastal Fukui Prefecture is some 185 miles west of Tokyo. The new train will pass through the city of Fukui, the town of Awara and other...
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Wall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesWall Street is not pleased that Under Armour founder Kevin Plank is returning as its CEO. Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late...
Here’s why investors should stop worrying so much about concentration risk in the market
After a brief respite, the Magnificent 7 stocks have again hit new highs on the heels of Nvidia's blowout earnings: They now again comprise about 30% of the S&P 500. Throw in the remainder of the top 10 stocks (Berkshire Hathaway, Lilly, and Broadcom) and the concentration rises to about...
Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.John Taggart | Bloomberg | Getty ImagesMorgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firm-wide artificial intelligence, CNBC has...
This week provided a reminder that inflation isn’t going away anytime soon
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesFrom consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn't going away anytime soon.Data across the board showed pressures increasing at...