Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Asia’s best restaurants — most are in Japan, Singapore and Thailand

Japan is the top destination in Asia for foodies this year, according to the new classification published by the 50 Best organization. The country is home to 17 of the region’s 100 “best” restaurants, which were released in two parts in March. Singapore and Thailand tied for second place, with 15 restaurants each on the …

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Walgreens, PVH and McCormick rallies could be a good sign

Stocks that rallied on Tuesday in response to “less than stellar” quarterly reports could bode well for earnings season, CNBC’s Jim Cramer said. Cramer cited three companies that reported in the past 24 hours as examples: Spice company McCormickparent company of Calvin Klein and Tommy Hilfiger HPV And Walgreens. All three stocks “roared” on Tuesday, …

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Alibaba shares soar 15% in Hong Kong following major overhaul announcement

Display at the offices of Alibaba Group Holding Ltd. in Beijing, China on Tuesday, January 17, 2023. Bloomberg | Bloomberg | Getty Images Hong Kong listed shares of Ali Baba jumped 15% at the opening on Wednesday after the company announced a major overhaul to split the tech giant into six business groups. On Wall …

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Sam Bankman-Fried paid $40 million to bribe Chinese official, DOJ says

Former FTX chief executive Sam Bankman-Fried, who faces fraud charges following the collapse of the bankrupt cryptocurrency exchange, arrives the day of a hearing in Manhattan federal court in New York, January 3, 2023. David Dee Delgado | Reuters FTX co-founder Sam Bankman-Fried paid tens of millions of dollars in bribes to at least one …

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Jamie Dimon is filed for JPMorgan Chase’s role in Epstein lawsuits

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, U.S., Monday, March 6, 2023. Mark Bello | Bloomberg | Getty Images Jamie Dimon, the veteran JPMorgan Chase The CEO and chairman of the board will be …

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Google failing to preserve cats in Epic case deserves penalties, judge says

A Google sign is pictured during the company’s presentation of a detailed investment plan for Germany outside Google’s office in Berlin, Germany, August 31, 2021. Annegret Hilse | Reuters Google should be punished for failing to save chat messages between employees related to an antitrust case brought by Epic Games, a California federal judge ruled …

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Lucid to lay off 1,300 workers amid signs of falling demand for its electric vehicles

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq Stock Exchange after completing its business combination with Churchill Capital Corp IV in New York, New York, July 26, 2021. andrew kelly | Reuters Struggling electric vehicle maker Lucid said in a regulation deposit on …

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Here’s How to File a Free Federal Tax Extension and Avoid Penalties

Tax procrastination is coming. But if you’re still missing key forms or feeling overwhelmed, you can save time by filing a free tax extension. Nearly a third of Americans procrastinate with their taxes, the main reasons being complexity and stress, according to a recent survey since IPX1031. You can avoid a late filing penalty with …

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SVB customers tried to withdraw almost all deposits in two days, says Barr

Michael S. Barr, Vice Chairman of the Federal Reserve Board for Oversight, testifies at a Senate Banking, Housing, and Urban Affairs Committee hearing on ‘recent bank failures and the regulatory response Federal” on Capitol Hill in Washington, March 28, 2023. Evelyn Hockstein | Reuters The run on Silicon Valley Bank’s deposits this month went far …

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