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City Manager Brad Miyake announced Tuesday the city has hired John Resha to serve as director for the Finance & Asset Management Department. Resha has worked and lived in the Puget Sound region for more than two decades, holding positions at private, public and nonprofit agencies in finance, str...
Arista Networks — The cloud networking company slid 7% despite beating analysts’ expectations for the first quarter. Arista saw $1.43 in adjusted earnings per share in the quarter on $1.35 billion in revenue, while analysts polled by Refinitiv expected $1.34 per share on $1.31 billion. The ...
Some financial advice has been repeated so often that it’s accepted as truth. But what if it’s wrong, and that advice costs you money? How can you tell fact from fiction? Here, we’re outlining five financial myths that may make sense at first glance but deserve a harder look. 1. It...
Ahead of the 2024 presidential election, officials in several battleground states have proposed boosting funding to add staff, enhance security and expand training within election offices that are facing heavier workloads and heightened public scrutiny. The potential extra funding comes as many elec...
Honeywell International — Shares climbed 3.2% after Honeywell exceeded expectations on the top and bottom lines in its latest quarter. The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Analysts polled by Refinitiv forecasted earni...
Britain’s top competition regulator on Wednesday moved to block Microsoft ’s acquisition of video game publisher Activision Blizzard. The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition. Microsoft said it plans t...
“The sustainability revolution has the scale of the industrial revolution coupled with the pace of the digital revolution.” Strong words from Al Gore, former US vice-president and now chair of Generation Investment Management, speaking at the World Economic Forum in Davos in January 2023. ...
First Republic Bank (FRC.N) shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet. The deposit slump overshadowed profits that beat expectations for th...
Mercury is entering retrograde today, but at least it’s Friday! This is Swapna Venugopal Ramaswamy bringing you the top money headlines. Are things returning to somewhat normal in the labor market? In the aftermath of the pandemic, the Great Resignation led to labor scarcity and new employment at ...
German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle targeted at a higher end of the market. The company announced at the Shanghai auto show this week it is investing around 1 billion euros (about $1.1 billion) in an electric ...
