The euro and the US dollar are at parity for first time in 20 years

The euro and the US dollar are at parity for first time in 20 years

The euro hit $1 on Tuesday, down about 12% since the start of the year. Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia’s invasion of Ukraine. The European Union, which received roughly 40% of its gas through Russian pipelines before the war, is attempting to … Read more

The euro and the dollar are under half a penny away from parity for the first time in 20 years

The euro and the dollar are under half a penny away from parity for the first time in 20 years

The euro hovered around $1.004 on Monday afternoon, down about 12% since the start of the year. Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia’s invasion of Ukraine. The European Union, which received roughly 40% of its gas through Russian pipelines before the war, is … Read more

Altria shares sink following report that Juul may be pulled from shelves

Altria shares sink following report that Juul may be pulled from shelves

The Wall Street Journal reported Wednesday that the FDA could order the e-cigarette maker to remove its products as early as Wednesday following a several years review of the brand regarding concerns that it may have helped fuel vaping’s popularity among underage users. The FDA hasn’t formally announced a move as of yet, and CNN … Read more

Bitcoin price climbs as much as 7.6% to pass $20,400

Bitcoin price climbs as much as 7.6% to pass $20,400

Bitcoin, the world’s biggest and best-known cryptocurrency, was up more than 16% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets. The coin’s price retreated a bit Sunday evening to $19,781.69, according to Coinmarketcap. … Read more

Revlon files for bankruptcy – CNN

Revlon files for bankruptcy - CNN

The nail polish and lipstick maker said the move will allow it to “strategically reorganize” its finances, pointing to “liquidity constraints” sparked by supply chain disruptions and inflation. Revlon is receiving $575 million in debtor-in-possession financing to help support its day-to-day operations. “Today’s filing will allow Revlon to offer our consumers the iconic products we … Read more

How can companies atone for slavery ties? Financial giant sets an example: expert

How can companies atone for slavery ties? Financial giant sets an example: expert

The Value Gap is a MarketWatch Q&A series with business leaders, academics, policymakers and activists on reducing racial and social inequalities. While slavery in the U.S. was abolished more than 150 years ago, organizations that profited from it still operate today — and it’s in their best interest to fully atone for the past, says … Read more