Financial News one

Kyle Bass, the founder and chief investment officer of Hayman Capital Management, will join Richard Quest on CNNMoney’s “Markets Now” on Wednesday. Before he started the investment management company, Bass was a managing director at asset manager Legg Mason and a senior managing director at Bear Stearns. He is also known for anticipating the subprime […]

Investors were in a rotten mood Tuesday. Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies (UTX) didn’t please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points. The Dow has […]

Netflix CEO Reed Hastings’ pay keeps climbing. Hastings, Netflix’s co-founder, took home a total of $24.4 million last year, according to a company filing Monday. His pay rose 5% in 2017 from the year before. Most of Hastings’ paycheck came from stock options the company granted him. Stock options allow employees to buy or sell […]

It may be time to draw a tear on the detachable eyes of Hasbro’s Mr. Potato Head. Hasbro reported a 16% drop in sales for the first quarter. The toymaker’s earnings missed forecasts mostly because Toys “R” Us is closing. Solid sales for Hasbro’s iconic Monopoly board game and licensed toys tied to Disney’s (DIS) […]

The most widely watched bond in America is close to a barrier that could cause trouble for the markets. The rate on the 10-Year US Treasury note is this close to topping 3% — a yield that it hasn’t reached in more than four years. It hit 2.9957% Monday morning before pulling back a bit. […]

Walmart’s CEO makes a lot more than the company’s median worker. 1,188 times more, to be exact. Doug McMillon earned $22.8 million during the retailer’s last fiscal year, which ended on January 31, according to a company filing. Walmart’s median employee, meanwhile, earned $19,177 in the same period. The retailer, which is the nation’s largest […]

David Yeung wants to take a bite out of China’s massive meat market. When the founder of Green Common, a vegetarian grocery store and casual dining chain in Hong Kong, started bringing plant-based burgers and other meatless products to Asia, he saw an opportunity. “One of the most consumed meats in the world is actually […]