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

Latest From MICHELLE CHAPMAN

Business|Economy

GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday

GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate
Business|Economy

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss
Business|Economy

Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024

Home Depot’s sales continued to weaken in its fiscal fourth quarter, as the country’s largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation

Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024
Business|Economy

JetBlue shares rise before market open as activist investor Carl Icahn takes a stake in the airline

Shares of JetBlue are rising more than 15% before the market open on Tuesday as activist investor Carl Icahn took an almost 10% stake in the airline

JetBlue shares rise before market open as activist investor Carl Icahn takes a stake in the airline
Business|Economy

Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations

Exxon Mobil’s fourth-quarter revenue and profits declined as the oil giant was weighed down by a hefty impairment charge tied to regulatory issues in California

Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations
Business|Economy

Exxon profit falls compared with record-setting numbers last year, but consolidation in full swing

Exxon Mobil’s third-quarter profit declined compared with last year's unprecedented numbers, but they're up 15% compared with the previous quarter

Exxon profit falls compared with record-setting numbers last year, but consolidation in full swing
Business|Economy

Potential industry slowdown in toy sales weighs on shares of Hasbro and Mattel

Hasbro’s third-quarter revenue performance missed Wall Street’s expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors

Potential industry slowdown in toy sales weighs on shares of Hasbro and Mattel
Business|Economy|Health|Lifestyle

Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals

Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets

Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Business|Health

Walmart to close its 51 health centers and virtual care service

Walmart is closing its health centers and virtual care service after struggling to find success with the offerings

Walmart to close its 51 health centers and virtual care service
Business|Entertainment|Sports

WWE kicks, punches, slams marketing efforts into high gear ahead of WrestleMania, its big event

This year’s WrestleMania is just days away, but WWE’s marketing campaign for its biggest premium live event of the year was kicked into overdrive months ago

WWE kicks, punches, slams marketing efforts into high gear ahead of WrestleMania, its big event
Business|Entertainment|Sports

WWE's 'Raw' is moving to Netflix next year in a major streaming deal worth more than $5 billion

WWE’s weekly television show, “Raw,” will be moving to Netflix next year as part of a major streaming deal worth more than $5 billion

WWE's 'Raw' is moving to Netflix next year in a major streaming deal worth more than $5 billion
Business|Economy|Technology

Robinhood buying crytocurrency exchange Bitstamp for about $200 million

Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally

Robinhood buying crytocurrency exchange Bitstamp for about $200 million
Business|Political|Technology

Trump Media shares swing wildly and then tumble a day after former president was convicted

Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, have fallen after former President Donald Trump was convicted in his hush money trial

Trump Media shares swing wildly and then tumble a day after former president was convicted
Business|Technology

T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt

T-Mobile is buying U.S. Cellular’s wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry

T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt
Business|Technology

Group of Tesla shareholders ask investors to vote against Musk's compensation package

A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it’s not in the electric vehicle maker’s best interest

Group of Tesla shareholders ask investors to vote against Musk's compensation package
Business|Technology

OpenAI, Reddit teaming in deal that will bring Reddit's content to ChatGPT

OpenAI and Reddit are teaming up in a deal that will bring the social media platform’s content to ChatGPT

OpenAI, Reddit teaming in deal that will bring Reddit's content to ChatGPT
Business|Economy|Technology

Disney's streaming business turns a profit in first financial report since challenge to Iger

The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable

Disney's streaming business turns a profit in first financial report since challenge to Iger
Business|Technology

Reddit looking to raise almost $750 million in initial public offering

Social media company Reddit is looking to raise almost $750 million in an initial public offering of its common stock

Reddit looking to raise almost $750 million in initial public offering
Business|Entertainment|Sports|Technology

WWE, a social media powerhouse, reaches 100 million subscribers on YouTube

As WWE gears up for its biggest annual premium live event next month, the company continues to harness the power of its social media presence to reach its fans

WWE, a social media powerhouse, reaches 100 million subscribers on YouTube
Business|Technology

Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs

Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue
Business|Economy|Technology

In a first for Uber since becoming a public company, an annual profit.

Uber posted its first full-year profit since going public in 2019 and its stock is hitting all-time highs as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations

In a first for Uber since becoming a public company, an annual profit.
Business|Technology

Snap, the owner of Snapchat, is laying off about 10% of its global workforce

The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs

Snap, the owner of Snapchat, is laying off about 10% of its global workforce
Business|Technology

Amazon cutting several hundred positions across Prime Video and MGM Studios unit

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit

Amazon cutting several hundred positions across Prime Video and MGM Studios unit
Business|Technology

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues

Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues
Business|Political|Technology

US regulators investigate GM's Cruise division over incidents involving pedestrians in roadways

The National Highway Traffic Safety Administration is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians in roadways

US regulators investigate GM's Cruise division over incidents involving pedestrians in roadways

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