Today: September 21, 2024
Today: September 21, 2024

Latest From MICHELLE CHAPMAN

Business|Finance|Technology

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Business|News|Stock Markets

Trump closing in on being able to sell his shares of Truth Social's parent company. But will he?

Donald Trump has more than last night’s debate with Vice President Kamala Harris on his mind

Trump closing in on being able to sell his shares of Truth Social's parent company. But will he?
Business|Economy|Finance

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Business|Finance|Technology

Verizon is buying Frontier in $20B deal to strengthen its fiber network

Verizon is buying Frontier Communications in a $20 billion deal that helps to strengthen its fiber network

Verizon is buying Frontier in $20B deal to strengthen its fiber network
Business|Economy|Finance

Even bargain chains see spending pullback as higher prices squeeze more Americans

Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less

Even bargain chains see spending pullback as higher prices squeeze more Americans
Business|Entertainment|Finance

Disney names Gorman to chair its succession planning committee

The Walt Disney Co. has tapped James Gorman to lead its succession planning committee as the entertainment company continues to work toward finding someone to take over the helm from Bob Iger

Disney names Gorman to chair its succession planning committee
Business|Finance

Alaska Air clears a big hurdle in its proposed merger with Hawaiian Airlines

Alaska Air is one step closer to acquiring Hawaiian Airlines after the U.S. Department of Justice chose not to challenge the $1.9 billion deal that the carriers say will create a company better able to serve travelers

Alaska Air clears a big hurdle in its proposed merger with Hawaiian Airlines
Business|Finance

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral

US settles with billionaire Carl Icahn for using company to secure personal loans worth billions
Business|Finance

Starbucks is giving its new CEO a huge pay package and not making him move to Seattle

Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

Starbucks is giving its new CEO a huge pay package and not making him move to Seattle
Business|Entertainment|Finance

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.”

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety
Business|Economy|Finance

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production

Exxon Mobil’s second-quarter profit rose and was its second-highest for the period of the past decade as it achieved record quarterly production from its Permian and Guyana assets

Exxon Mobil second-quarter profit rises on Pioneer acquisition and surging production
Entertainment|Sports

WWE's SummerSlam to be filled with action - and lots of sponsors

Just days away, WWE is gearing up for this year’s SummerSlam, which promises to bring lots of action - and sponsorships

WWE's SummerSlam to be filled with action - and lots of sponsors
Business|Economy|Technology

Delta CEO says airline is facing $500 million in costs from global tech outage

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown this month

Delta CEO says airline is facing $500 million in costs from global tech outage
Crime|Economy|Finance

Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme

A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme

Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
Business|Economy|Finance|Stock Markets

Ford shares slide as disappointing Q2 adjusted profit rattles investors

Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Ford shares slide as disappointing Q2 adjusted profit rattles investors
Business|Economy|Finance

UPS boosts volume in US for first time since 2022, but profit and revenue slide

UPS managed to boost its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street’s expectations partly due to a hefty charge

UPS boosts volume in US for first time since 2022, but profit and revenue slide
Uncategorized

Trump Media shares surge on 1st day of trading after assassination attempt on the former president

Trump Media have surged in the first day of trading following an assassination attempt on former President Donald Trump

Trump Media shares surge on 1st day of trading after assassination attempt on the former president
Business|Technology

Data of nearly all AT&T customers downloaded from a third-party platform in security breach

The data of nearly all customers of the telecommunications giant AT&T was downloaded from a third-party platform in a security breach in a year already rife with massive cyberattacks

Data of nearly all AT&T customers downloaded from a third-party platform in security breach
Business|Economy

Southwest Air adopts 'poison pill' as activist investor Elliott takes significant stake in company

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company

Southwest Air adopts 'poison pill' as activist investor Elliott takes significant stake in company
Business|Technology

US sanctions Boeing for sharing information about 737 Max 9 investigation

Boeing is being sanctioned by U.S. investigators for sharing information about the 737 Max 9 door plug investigation

US sanctions Boeing for sharing information about 737 Max 9 investigation
Business|Economy|Technology

All eyes are on Nvidia's stock, so what's been going on?

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value

All eyes are on Nvidia's stock, so what's been going on?
Business|Technology

Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion

Shares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement

Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion
Business|News|Technology

Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years

Business|News|Political

Shares of Trump Media swing wildly after first US presidential debate, fall 10%

Trump Media fell more than 10% Friday after the first U.S. presidential debate, demonstrating another of the wild swings that have made its stock one of the more volatile on Wall Street

Shares of Trump Media swing wildly after first US presidential debate, fall 10%
Business|Entertainment

Disney pouring $60 billion into theme parks, cruises over the next 10 years

The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments

Disney pouring $60 billion into theme parks, cruises over the next 10 years

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