Today: September 20, 2024
Today: September 20, 2024

Stocks

Business|News|World

Unilever is cutting 7,500 jobs and spinning off its ice cream business

Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, says it's cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits

Unilever is cutting 7,500 jobs and spinning off its ice cream business
Business

Super Micro shares dip as AI server maker looks to raise $2 billion through equity sale

Super Micro Computer disclosed on Tuesday it will sell 2 million shares that could fetch about $2 billion, sending the artificial intelligence (AI) server maker's shares 9% lower in

Super Micro shares dip as AI server maker looks to raise $2 billion through equity sale
Business

MicroStrategy shares fall 13% after convertible deal for bitcoin purchases

Shares in MicroStrategy were down 13% on Tuesday as bitcoin fell after the company announced it had completed a $603.75 million convertible debt offering - its second in a week - to raise

MicroStrategy shares fall 13% after convertible deal for bitcoin purchases
Business

ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board

ETFS Capital asked shareholders of WisdomTree to abstain from re-electing some board members of the U.S. asset manager, saying its stock could surge at

ETFS Capital criticizes WisdomTree strategy, launches 'withhold campaign' vs board
Business

Shake Shack names Papa John's chief as its CEO

Shake Shack said on Thursday it has named Papa John's International's CEO Rob Lynch as its chief, succeeding Randy Garutti, who is retiring after spending more than two decades at the

Shake Shack names Papa John's chief as its CEO
Business

Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut

Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit in the social media platform's strong market debut on Thursday, an email from the asset manager showed.

Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Business

B. Riley gets Nasdaq warning after annual report delay

Nasdaq has notified B.

B. Riley gets Nasdaq warning after annual report delay
Business

Morning Bid: Japan, China rein in buck as quarter nears end

A look at the day ahead in U.S. and global markets from Mike Dolan A holiday-shortened final week of the quarter started with a whimper in financial markets, with the buoyant dollar knocked by concern

Morning Bid: Japan, China rein in buck as quarter nears end
Business|Economy|News|Technology

Trump's social media company starts trading on Nasdaq with a market value of almost $6.8 billion

As Donald Trump’s social media company begins trading publicly, would-be investors might ask themselves if the stock is too pricey and potentially too volatile

Trump's social media company starts trading on Nasdaq with a market value of almost $6.8 billion
Economy

Morning Bid: March markets serene as Q1 peters out

A look at the day ahead in U.S. and global markets from Mike Dolan Investors appear happy to sit on punchy first quarter stock gains as March drifts to quiet finish, with the dollar back under wraps

Morning Bid: March markets serene as Q1 peters out
Business

Reddit shares surge a day after options launch, set to nearly double IPO price

Shares of social media platform Reddit jumped 11% on Tuesday, set to extend a strong run from a day earlier following the launch of options on the stock.

Reddit shares surge a day after options launch, set to nearly double IPO price
Business

Johnson & Johnson considers deal to buy Shockwave Medical, WSJ reports

Johnson & Johnson is in talks to buy medical device maker Shockwave Medical, the Wall Street Journal reported on Tuesday.

Johnson & Johnson considers deal to buy Shockwave Medical, WSJ reports
Business

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier

Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Business

Asia stocks mixed, yen nears intervention zone

Japanese stocks advanced amid a weakening yen on Wednesday while Chinese stocks slipped, with overall regional trading lacking strong direction in a holiday-

Asia stocks mixed, yen nears intervention zone
Business

Cruise operator Carnival lifts 2024 profit forecast on record demand

Carnival Corp raised its annual profit forecast on Wednesday, betting on record demand for cruise vacations as well as higher prices.

Cruise operator Carnival lifts 2024 profit forecast on record demand
Business|News|Technology

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle
Business|Economy|News|World

Stock market today: Asian shares are mostly higher after another set of Wall St records

Asian shares are mostly higher in quiet, Good Friday holiday trading

Stock market today: Asian shares are mostly higher after another set of Wall St records
Business

S&P Global revises JPMorgan's ratings outlook to 'positive'

S&P Global on Monday revised the rating outlook of JPMorgan Chase to 'positive' from 'stable', citing the strength of its sprawling lending-to-trading business that has outperformed peers.

S&P Global revises JPMorgan's ratings outlook to 'positive'
Business|Economy|News|World

Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlook

Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports

Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlook
Business

Surging US energy shares reflect robust growth, inflation worries

U.S. energy shares are soaring as investors benefit from rising oil prices and a stronger-than-expected economy, while seeking to protect their portfolios from

Surging US energy shares reflect robust growth, inflation worries
Economy

S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings

U.S. stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a

S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings
Business|Economy|News|World

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate

Asia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate
Business

Wall Street brokerages start Reddit coverage with skepticism on user growth

J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to "hold" ratings, as they wait for clarity on the social media company's user growth, while staying

Wall Street brokerages start Reddit coverage with skepticism on user growth
Business

Evercore strategists back dour S&P 500 view, expect weaker earnings outlook

U.S. earnings estimates are likely to weaken as companies issue cautious outlooks, according to Evercore ISI strategists, who stood by their view the S&P 500

Evercore strategists back dour S&P 500 view, expect weaker earnings outlook
Business|News|Technology

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

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