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Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs
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Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business -
Community rallies to replace a Jackie Robinson statue after it was stolen from a Kansas little league park
Jaimarius Barnes, an 11-year-old in the Wichita, Kansas-based League 42 baseball organization, planned on suiting up for games this season just feet away from a Jackie Robinson statue.NBC News - Top stories -
Richemont Names New CEO
Richemont said it appointed Nicolas Bos, currently chief of its French jewelry brand Van Cleef & Arpels, as its CEO.The Wall Street Journal - World -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
These are some of the stocks posting the largest moves in premarket trading.CNBC - Business - Stock Market -
Biogen and Ionis Pharma shares slide as they end development of ALS treatment
The move comes after early-stage trial failed to result in a clear signal it slowed the disease process.MarketWatch - Business -
Russia Expels British Diplomat After U.K. Booted His Counterpart
Russia also warned of further action, while the British foreign secretary called the expulsion a “desperate move.”The New York Times - World - United Kingdom
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China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
‘I’m weary of repeating myself’: How do I deal with rich friends who take $22,000 cruises and book $800 hotel rooms? Prices are crazy enough already.
“When one friend made a fuss over wanting to fly business class, I threatened to cancel completely.”MarketWatch - Business -
‘Is this creepy?’ I want to give my 13-year-old daughter her late grandfather’s iPhone. A refurbished model costs $200.
“It could be something to remember him by, as they were close.”MarketWatch - Business -
‘They are upset that they received nothing’: My mother excluded her late husband’s grandchildren from her will.
“‘Instead of my mother’s step-grandchildren receiving half of the estate, everything in the estate fell to me.”MarketWatch - Business -
‘Our children don’t have the discipline to manage their own money’: My wife and I have $4.5 million saved for retirement. How long will this last?
“It’s time we think of leaving a legacy for our two adult children.”MarketWatch - Business