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Commercial real estate is headed for a ‘real mess’ but could avert financial disaster, leading economist says
The commercial real-estate sector is headed for a “real mess” but not necessarily a financial disaster, a leading economist said Monday. “I expect a major correction in commercial real estate is already under way,” said Adam Posen, president of the Peterson Institute for International Economics. The cause is not complicated. Office occupancy… Source
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Google asks judge to dismiss Justice Department’s lawsuit claiming digital-ad monopoly
Alphabet Inc.’s GOOG GOOGL Google asked a federal judge Monday to dismiss the federal government’s antitrust lawsuit that’s seeking to break up its ad tech business. In a filing late Monday, Google said the Justice Department’s case ignores its ad-tech rivals and that the DOJ has failed to prove it is a monopoly. “In the…
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New blood test promises to detect cancerous tumors before they are formed
The future of cancer treatment — hailed as the “holy grail” of early detection — is now being put to the test. Following a radically successful trial on cancer patients, a new blood test that promises to predict tumors more than a year before they begin to form is now being applied in hospitals across…
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HTZ Stock Price | Hertz Global Holdings Inc. Stock Quote (U.S.: Nasdaq)
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Ocado reports higher revenue, guidance unchanged
Ocado Group PLC said Tuesday that first-quarter sales of Ocado Retail Group, the joint venture it co-owns with Marks & Spencer Group PLC, rose and that guidance for fiscal 2023 remains unchanged. The online grocer and retail-technology specialist UK:OCDO said retail revenue for the 13 weeks ended Feb. 26 rose to 583.7 million pounds ($717.1…
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Diageo CEO Ivan Menezes to retire
Diageo PLC on Tuesday said its Chief Executive Ivan Menezes intends to retire after 10 years in the role, and will be replaced by current Chief Operating Officer Debra Crew. The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka UK:DGE DEO said Mr. Menezes will leave the board on June 30…
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‘They do not trust her, nor do I’: My elderly parents fear my sister will empty their bank accounts and steal their possessions. What can we do?
Dear Quentin, My father and mother are quite elderly and in poor health, but of sound mind. They have a will and healthcare decision documents. They are both concerned that when one of them dies, my sister, who lives in their town, will take financial advantage of the surviving spouse by draining bank accounts, changing…
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ET Stock Price | Energy Transfer LP Stock Quote (U.S.: NYSE)
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Easter flight disruption set to hit U.K. passengers as Heathrow workers strike
British Airways cancelled hundreds of flights to and from Heathrow airport over the Easter holiday week due to upcoming strikes by airport staff. Airport security workers part of Unite union voted to strike between March 31, and Easter Sunday, April 9, over issues with pay. Heathrow has offered a 10% pay rise after pandemic-induced pay…
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U.S. stock futures stable while tech companies lag after flight to safety
[]U.S. stock index futures were little changed early Tuesday as the market paused after bank angst subsided. How are stock-index futures trading S&P 500 futures ES00, +0.01% added 4 points, or 0.1%, to 4011 Dow Jones Industrial Average futures YM00, +0.04% rose 90 points, or 0.3%, to 32721 Nasdaq 100 futures NQ00, +0.03% eased 32…