Mexican fintech Covalto to list on Nasdaq via SPAC

Mexican digital and banking services platform Covalto said on Thursday it will list on the Nasdaq exchange through a special purpose acquisition company (SPAC), the first time a Mexican fintech trades … https://finance.yahoo.com/news/mexican-fintech-covalto-list-nasdaq-132607537.html

Oil Giants Must Face Climate-Liability Suits in States, Appeals Court Rules

In a setback for companies such as Exxon, Chevron and Shell, the decision is the sixth this year to find that climate lawsuits should play out in state, not federal courts. …read more

https://www.wsj.com/articles/oil-giants-must-face-climate-liability-suits-in-states-appeals-court-rules-11660776564?mod=pls_whats_news_us_business_f

Kohl’s stock tumbles after reporting massive forecast cut, weak sales

Yahoo Finance Live anchors discuss Kohl’s stock performance after the retailer cut its full-year earnings outlook. https://finance.yahoo.com/video/kohl-stock-tumbles-reporting-massive-132421342.html

FDA Approves Bluebird’s Gene Therapy for Rare Blood Disease

The FDA approved a first-of-its-kind treatment from Bluebird Bio that represents a potential cure for a rare blood disorder at a price of $2.8 million per patient. …read more

https://www.wsj.com/articles/fda-approves-bluebirds-2-8-million-gene-therapy-for-rare-blood-disease-11660759942?mod=pls_whats_news_us_business_f

Why there’s a ‘high bar’ for new EV tax credits, according to a Biden economic advisor

The White House’s top economic advisor defended restrictions placed on the Inflation Reduction Act’s key tax credits, intended to accelerate electric vehicle adoption. https://finance.yahoo.com/news/why-theres-a-high-bar-for-new-ev-tax-credits-according-to-a-biden-economic-advisor-131611401.html

Vince McMahon Paid $5 Million to Trump’s Charity

The CEO’s contributions to the Donald J. Trump Foundation coincided with the real-estate developer’s appearances at a WrestleMania event and on ‘WWE Raw.’ …read more

https://www.wsj.com/articles/wwes-board-finds-vince-mcmahon-paid-5-million-to-donald-trumps-charity-11660774043?mod=pls_whats_news_us_business_f

Turkey’s Central Bank Cuts Rates in Surprise Decision

The central bank’s first cut in eight months resumes an unconventional policy demanded by President Recep Tayyip Erdogan that triggered a currency crisis last year. …read more

https://www.wsj.com/articles/turkeys-central-bank-cuts-rates-in-surprise-decision-11660826963?mod=pls_whats_news_us_business_f

Swimwear Market Size worth $34.2 Billion by 2031 | CAGR: 6.0% – TMR Study

The value of the global swimwear market was clocked at US$ 19.1 Bn in 2021. The demand analysis of swimwear projected the market to rise at a CAGR of 6.0% during the forecast period, from 2022 to 2031 … https://finance.yahoo.com/news/swimwear-market-size-worth-34-130300113.html

Moderna Names New CFO After Hasty Departure of Predecessor

James Mock, CFO of PerkinElmer, will join the Covid-19 vaccine maker as finance chief in September. …read more

https://www.wsj.com/articles/moderna-names-new-cfo-after-hasty-departure-of-predecessor-11660760767?mod=pls_whats_news_us_business_f

Stock Futures Edge Up as Investors Mull Jobs Data, Fed Minutes

U.S. stock futures nudged up as jobless claims declined and investors digested meeting minutes from the Federal Reserve that showed officials could cool the pace of interest-rate increases. …read more

https://www.wsj.com/articles/global-stocks-markets-dow-update-08-18-2022-11660817791?mod=rss_markets_main