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Did remote work doom SVB, March Madness money, and why the plastic water bottle industry is booming

3 years 5 months ago
Ellevest CEO & Co-Founder Sallie Krawcheck tells "Nightcap's" Clare Duffy why remote work at SVB probably wasn't a top reason the bank collapsed. Plus, UNC Chapel Hill Associate Professor Jonathan Jensen explains why footwear companies like Nike & Adidas spend big bucks to court universities and college athletes. And plastic water bottle sales are projected to double by 2030. The National Wildlife Federation's Mustafa Santiago Ali shares a reality check on recycling. To get the day's business headlines sent directly to your inbox, sign up for the Nightcap newsletter.

Hyundai and Kia thefts reach New York City

3 years 5 months ago
Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was spread by how-to videos on social media, has reached America's biggest city.

The average Wall Street bonus fell by 26%

3 years 5 months ago
The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year's average of $240,400, according to estimates released Thursday by New York State Comptroller Thomas DiNapoli.

China 'confident and capable' of hitting 2023 growth targets, new premier says

3 years 5 months ago
China's newly minted Premier Li Qiang painted a bullish picture of his country's economic recovery at a key business forum this week, as Beijing seeks to win the hearts of global investors and economic leaders after emerging from its long pandemic isolation. "The dynamism and momentum of China's economic growth is strong," Li said Thursday in a keynote speech at the Boao Forum for Asia, a four-day gathering of international business leaders and politicians on the Chinese island of Hainan.

'Companies are holding out': Global IPO market slump endures

3 years 6 months ago
A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the coming months, as companies wait out the effects of volatile stock markets, higher interest rates and inflation, and uncertainty around the banking crisis.
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