A PwC analysis of the first 50 FTSE 100 companies saw that the 2021 median total remuneration for CEOs jumped 34 percent year-on-year to £4.1 million, the Financial Times reports. A significant hike in annual bonuses drove the growth as some sectors like banks, broader financial services, and the construction industry saw a post-Covid boom. PwC…
FTSE 100 CEO Remuneration Reaches to Pre-Pandemic Levels, PwC Analysis Shows: FT
Infowars Files for Bankruptcy as Alex Jones Hit With Sandy Hook Defamation Lawsuits
April 18, 2022
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Alex JonesBusiness & EconomyCompaniesconstitutional rightsdefamation lawsuitFeatured TopicsinfowarsSandy Hook ShootingUSUS News
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Infowars, a company owned by well-known radio host Alex Jones, has filed for bankruptcy after it was hit with several defamation lawsuits. The company filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. This will give Infowars some time to restructure debts. It has listed liabilities in the…
J&J Settles West Virginia Opioid Litigation for $99 Million
Johnson & Johnson said on Monday it agreed to pay $99 million to settle claims by West Virginia that it helped fuel an opioid addiction crisis in the state, removing the company from an ongoing trial that began earlier this month. West Virginia is still pursuing claims against Teva Pharmaceuticals Industries Ltd. and AbbVie Inc.’s…
US Home Builder Sentiment Hits Seven-Month Low in April: NAHB
WASHINGTON—Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting out some first-time buyers from the market, a survey showed on Monday. The National Association of Home Builders/Wells Fargo Housing Market index dropped two points to 77 this month. The fourth…
Risks Accumulate for China Investors, Including Harvard
April 18, 2022
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Business & EconomyBusiness ColumnistsChinaChina Business & EconomyOpinionPrivate EquityThinking About China
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News Analysis Risk is accumulating for China investors, with private equity in particular trouble. Harvard University, one of the world’s top PE investors, with an endowment of $53.2 billion, recently showed a crack in its veneer on China. “In a sign of a potential pullback,” according to Bloomberg News, “Harvard University’s endowment is considering tapering…
Oil Prices Near 3-Week High as Supply Worries Dominate Market Sentiment
Crude oil prices were trading close to a three-week high on April 18 amidst fears of supply disruption due to the ongoing Ukraine crisis. Brent crude oil futures hit a high of $113.80 per barrel, a level unseen since March 30. U.S. West Texas Intermediate futures hit $105.55 per barrel, which was also the highest…
Natural Gas Eyes $8 As Prices Surge to Highest Levels Since 2008
April 18, 2022
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Business & Economycommoditiesenergy industryInternationalliquefied natural gasMarketsNatural gasWorld
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Natural gas futures are trading at their highest levels in more than 13 years, with the May contract flirting with $8 per million British thermal units (Btu). The energy commodity has been rallying on market tightness, driven by lower-than-normal temperatures in the United States and Europe and strong export demand amid Russia’s invasion of Ukraine….
US Natural Gas Prices Highest Since 2008
U.S. natural gas prices have reached levels not seen in a decade and a half, with the U.S. benchmark Henry Hub natural gas price edging close to $8 per million British Thermal Units (BTUs) on Monday afternoon. The last major Henry Hub price spikes in 2008 and 2006 were due in part to hurricane activity…
Bitcoin Slumps to Lowest Monthly Level, ‘Could Get Ugly’ If $38,000 Point Breached
Bitcoin has fallen to its lowest level in about a month, with prices dropping to $38,580 on April 18 as investors remain risk-averse to the digital currency and uncertainties mount over demand for these coins. After exceeding $68,500 in November 2021, Bitcoin prices fell below $33,500 in January 2022. Since Russia invaded Ukraine, the cryptocurrency…
Gold Prices Surge Following Geopolitical Uncertainties, Global Inflation
Gold prices registered their highest levels since March 11 as uncertainties regarding the ongoing war in Ukraine increased demand for safe-haven bids while global economies face high rates of inflation and zero-tolerance COVID lockdowns have caused chaos in China, dampening its growth. The metal has gone up over 2.71 percent since the start of the…
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