BUSINESS

Dollar Holds Firm As Powell Speech Day Dawns

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken
The dollar held onto recent gains against the euro and sterling on Friday ahead of Federal Reserve Chair Jerome Powell's widely-anticipated speech, which traders hope will offer clues on the U.S.
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Covergirl makeup, owned by Coty Inc., is seen for sale in Manhattan, New York City

Coty Rides Beauty Boom, Beats Revenue Estimates

Coty Inc on Thursday beat Wall Street expectations for fourth-quarter revenue and said the beauty category was blemish free with no signs of slowing in the face of decades-high inflation, lifting its shares up about 11% in morning trade.
NFT - Climate-Positive Crypto Art

NFT Sales and Collections To Watch Out For in 2022

If you've been following blockchain trends, you'll know that NFTs have become the hottest digital assets of the last few years. Everyone from Madonna to Justin Bieber to everyday people has been snapping up NFTs left and right. In 2022, more NFTs than ever before have been released of all types and purposes.
People walk beneath a Citibank branch logo in the financial district of San Francisco, California

Citigroup Says It Will Close Russian Consumer Business

Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in charges over the next 18 months as a result, the company said on Thursday.
Norwegian Air Sweden Boeing 737-800 plane SE-RRJ approaches Riga International Airport in Riga

Fuel Prices Cloud Norwegian Air's Improving Performance

Norwegian Air reported a second-quarter net profit on Thursday amid a surge in demand for air travel in Europe after pandemic restrictions were lifted, and was helped by reversal of an impairment charge related to its dispute with Boeing.

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