Morningstar & TradeAlgo identified the top undervalued stocks among those with wide moats.
According to Citadel Founder and CEO Ken Griffin, a recession will occur in the U.S., but when and how hard it will be is unknown. "We're very focused on the possibility of a recession," he said Wednesday at an investment conference in New York City.
Embracing the resale market could be a way to tap into a new revenue stream. However, doing so could also devalue the brand and alienate loyal customers.
A proposed natural gas pipeline running from Tanzania to Uganda could have a positive environmental impact in a region where the majority of households still cook using charcoal or wood, according to Patrick Mweheire, Standard Bank Group’s regional chief executive officer for East Africa.
Burjeel decided to target only local investors instead of international money managers after a firm controlled by Abu Dhabi's royal family bought a stake.
The company said Wednesday that it plans to hire around 40,000 mostly seasonal workers to serve shoppers over the busy holiday shopping period. Current employees will be offered extra hours before new roles are filled
The company that makes Cheerios cereal and Betty Crocker cake mix said Wednesday that it now expects costs to rise by as much as 15% during its current fiscal year. This is higher than the company's previous forecast from June, due to increases in the cost of raw materials, labor, freight, and fuel.