The United States has officially designated Tencent, one of China’s largest tech giants, as a military-linked company, a move that fuels tension between the two nations. It means greater scrutiny for Chinese firms operating overseas, especially in industries that have a bearing on security. Background on the Designation This designation…
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The global financial markets await to brace themselves for the release of the most recent…
NRG Energy, Inc. (NYSE: NRG) has been actively working to improve its market position and…
The release of the PS2 Shooter Trilogy on the PlayStation Store has taken the gaming…
The Ohio State University is taking an innovative approach to promoting STEM (Science, Technology, Engineering,…
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The United States has officially designated Tencent, one of China’s largest tech giants, as a military-linked company, a move that…
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In recent years, Alabama’s startup ecosystem has been gaining momentum, with Birmingham emerging as a key hub for tech innovation.…
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The U.S. beef industry, which has faced significant challenges in recent years, is unlikely to find a quick solution in…
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Godrej Consumer Products Ltd. (GCPL), one of India’s leading FMCG companies, saw its stock price plunge 11% following a muted…
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When it comes to pursuing an MBA in the United States, the application process can be daunting. With hundreds of…
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A viral video featuring a Chinese Key Opinion Leader (KOL) has sparked widespread outrage and debate over the objectification of…
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Target says its holiday sales were better than expected — but its profits weren't
The big-box retailer's report indicates that deals and promotional events motivated shoppers.
Published: 58 minutes ago
Morgan Stanley is due to release fourth-quarter earnings
The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
Published: 29 minutes ago
Bank of America tops estimates on better-than-expected investment banking, interest income
Bank of America's results hinge on interest rates and their impact on net interest income.
Published: 8 minutes ago
Blue Origin’s first New Glenn rocket reaches orbit, misses booster landing
Blue Origin launched its towering New Glenn rocket for the first time early Monday, in a crucial milestone for Jeff Bezos' space company.
Published: 5 hours ago
Medicare's new $2,000 cap on out-of-pocket drug costs could save patients thousands, AARP says
The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.
Published: 56 minutes ago
DOT sues Southwest, fines Frontier for 'chronically delayed flights'
The Department of Transportation has sued Southwest Airlines, alleging the carrier operated chronically delayed flights.
Published: 15 hours ago
JPMorgan Chase is boosting buybacks even after CEO Jamie Dimon called the stock expensive
Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.
Published: 15 hours ago
FTC sues Deere, alleging equipment repair 'monopoly' raises costs for farmers
The Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.
Published: 12 hours ago
Disney wins the 2024 box office as year-end receipts offer a welcome boost
Full-year ticket sales were down just 3.4% from 2023, reaching $8.74 billion, a far cry from the nearly 27% shortage seen at the midway point of 2024.
Published: 23 hours ago
Bristol Myers Squibb says Alzheimer's is the biggest market for new schizophrenia drug
Bristol Myers Squibb plans to release initial late-stage trial data on Cobenfy in Alzheimer's-related psychosis during the latter part of the year.
Published: 19 hours ago
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.
Published: 21 hours ago
Goldman Sachs shares rise after topping estimates on strong trading results
Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.
Published: 21 hours ago
Firefly Aerospace kicks off first moon mission after SpaceX launch
The lander of Texas-based rocket and spacecraft builder Firefly Aerospace has begun a 45-day trip to the moon.
Published: 22 hours ago
Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing delivered 348 airplanes in 2024, less than half of rival Airbus's deliveries.
Published: 2 days ago
Eli Lilly shares drop as drugmaker cuts revenue guidance on weight loss drug demand
Eli Lilly shares dropped after the drugmaker cut its 2024 revenue guidance, citing lower-than-expected demand for its obesity and diabetes drugs.
Published: 2 days ago
JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June
Pinto has worked at JPMorgan and a predecessor firm for more than four decades.
Published: 2 days ago
Southwest Airlines pauses corporate hiring, most summer internships to cut costs
Southwest had been under pressure from activist Elliott Investment Management to increase returns.
Published: 2 days ago
CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.
Published: 2 days ago
Entertainment, tech companies donate millions to LA wildfire relief effort
Companies are pledging millions in donations to aid relief efforts for victims of the Los Angeles wildfires.
Published: 15 hours ago
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.
Published: 3 days ago
Moderna stock plunges nearly 17% after company lowers 2025 sales forecast by $1 billion
Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year.
Published: 3 days ago
Eli Lilly CEO expects new weight loss pill to be approved next year
Eli Lilly and its rivals are working to develop more convenient options than the injectable Zepbound and Wegovy, which dominate the weight loss drug market.
Published: 3 days ago
Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia
The deal will give Comcast a minority stake in the NBA's 76ers and naming rights to the future arena.
Published: 3 days ago
Nordstrom raises sales outlook after holiday season was better than feared
CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."
Published: 5 days ago
McDonald's to close three CosMc's locations — and open two more
McDonald's created CosMc's as its entry point into the growing "afternoon beverage pick-me-up occasion."
Published: 5 days ago
Airlines cancel more than 3,000 U.S. flights amid storm, Delta slide evacuation at Atlanta
Flight disruptions stretched from Dallas to Atlanta.
Published: 6 days ago
Chuck E. Cheese makes a comeback, with trampolines and a subscription program
Chuck E. Cheese's parent company CEC Entertainment filed for Chapter 11 bankruptcy in 2020.
Published: 5 days ago
Disney, Fox and Warner Bros. Discovery call off plans to launch Venu sports streaming service
Venu was first announced in February and intended to combine the live sports assets of Fox, WBD and Disney-owned ESPN.
Published: 6 days ago
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
Published: 6 days ago
Airlines extend travel waivers due to LA wildfires
Airlines are waiving change fees and fare differences for Los Angeles-area flights due to wildfires.
Published: 6 days ago