GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy
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GameSpot - Tech
More PS5 Games And Accessories Are On Sale Ahead Of Prime Day 2024
Prime Day 2024 sale takes place July 16 and 17, but there are plenty of early Prime Day sales available for PS5 right now. You can snag discounts on dozens of PS5 games, plus save on accessories like third-party pro controllers or a new SSD. You ... -
Financial Times - World
Battery maker SK On declares ‘emergency’ as EV sales disappoint
Supplier to Ford and Volkswagen may have to be rescued by its South Korean parent as losses mount -
The Wall Street Journal - World
Netflix, U.S. Companies Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and ... -
The Wall Street Journal - Business
Netflix, Disney Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
Netflix, Walt Disney, and other U.S. streaming companies have asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to finance local broadcast news and other domestic content. -
Financial Times - World
UK holiday let owners move to business rates system as council tax soars
Authorities trying to encourage local buyers are losing outUnited Kingdom -
CNBC - Business
IRS has taken nearly 2 years to help tax identity theft victims get their refunds
Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements. -
Financial Times - Business
Jeff Bezos to offload $5bn of Amazon stock
Tech giant’s biggest shareholder set to take his sale of shares to more than $13bn this year but still holds 9% stake -
MarketWatch - Business
Buy this retailer’s stock as an AI play, analyst says
D.A. Davidson’s Michael Baker points to one retailer that stands to get a big AI boost in the coming months. -
MarketWatch - Business
Is the stock market open on July 4 (and July 5)?
Expect plenty of closures on Independence Day, but some stores will be open. -
The Wall Street Journal - World
European and Asian Stocks Gain; Bitcoin Falls
Global stocks rose, while U.S. index futures were mixed, after the S&P 500 and the Nasdaq Composite closed at record highs in the previous session.Crypto -
The Wall Street Journal - World
Tesla's Stock Rallies, Erasing Losses for the Year
Tesla shares have jumped about 25% this week on better-than-expected sales results, pushing the stock around the break-even point for 2024. -
CNBC - Business
This ETF is trying to satisfy appetites for weight loss stocks
Tema ETFs is behind the GLP-1, Obesity & Cardiometabolic ETF (HRTS), which is up 26% since its inception last November. -
MarketWatch - Business
Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing. -
NBC News - Top stories
July 4 travel hitting a record thanks to lower gas prices, humming economy
Travelers heading out for the July 4 holiday can expect plenty of company this year. -
CNBC - Business
Friday's jobs report expected to show slowing payroll gains as concern rises about broader economy
Economists surveyed by Dow Jones expect June to show growth of 200,000, down from the 272,000 reported for May. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve -
MarketWatch - Business
S&P 500 scores record high as jobs data point to cooling ‘but not collapsing’ economy
The U.S. stock market has extended its summer rally, with the S&P 500 index climbing to yet another record peak Friday as investors weighed the latest jobs report. -
Financial Times - World
A wild and woolly time awaits on the opposition benches
Tactical voting has ensured success for the Lib Dems and the Greens -
Financial Times - World
South Africa’s Eskom expects fresh loss as it keeps lights on
State-owned utility manages 100 days without power cuts -
MarketWatch - Business
Ford’s EV sales surge, fueled by strength in F-150 Lightning electric trucks
Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks. -
MarketWatch - Business
Constellation Brands profit tops estimates and company backs guidance, offsetting slight sales miss
The brewer of Modelo Especial is still expecting sales to grow 6% to 7% in fiscal 2025. -
CNBC - Business
Romance scams cost consumers $1.14 billion last year. It's a 'more insidious' fraud, expert says
Cyber criminals are tapping into wealth accounts through human connection. Here's how to spot it and cut ties as soon as you can. -
CNBC - Business
Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
With Tesla's stock close to wiping out its losses for the years, investors betting for a decline have had a rough week.Tesla -
CNBC - Business
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman. -
MarketWatch - Business
Saks Fifth Avenue buying Neiman Marcus in $2.65 billion deal, with backing by Amazon
High-end retail chains Saks Fifth Avenue will buy rival Neiman Marcus in a deal that will see Amazon.com and Salesforce also take stakes, the companies said in a statement on Thursday. -
CNBC - Business
Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears
Cryptocurrencies plunged on Friday as investors get anxious about the planned payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox.Crypto -
CNBC - Business
Energy giant Shell to take up to a $2 billion impairment hit on Rotterdam, Singapore plants
Energy giant Shell on Friday said it expects to record a post-tax impairment hit of up to $2 billion mainly linked to its Singapore and Rotterdam plants. -
ABC News - Tech
Scammers are swiping billions from Americans every year. Worse, most crooks are getting away with it
Sophisticated overseas criminals are stealing tens of billions of dollars from Americans every year, a crime wave projected to get worse as the U.S. population ages and technology makes it easier to successfully perpetrate fraud -
MarketWatch - Business
A Trump trade war won’t be good for the stock market, warns Dr. Doom
Nouriel Roubini, the economist who is nicknamed “Dr. Doom” for his often-gloomy predictions, says a Trump win could spark a stock-damaging trade war.Donald Trump -
MarketWatch - Business
Intuitive Machines’ stock pares gains as next moon mission approaches
Shares of Intuitive Machines Inc. pared their recent gains as the space-exploration company’s next moon mission approaches. -
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MarketWatch - Business
Cathie Wood’s ETFs sell Tesla’s stock for the first time in 9 months
The sale comes after Tesla’s stock closed Tuesday at a six-month high after strong second-quarter deliveries data. -
MarketWatch - Business
Charter’s stock is down 20% this year — but Citi sees new reason to sell
Citi just downgraded Charter’s stock, warning that estimates could be too high. -
MarketWatch - Business
Koss shares skyrocket as meme-stock chatter again swirls around headphone maker
Koss shares saw their biggest daily percentage gain in over three years amid a frenzy fueled by the return of “Roaring Kitty” to social media. -
CNBC - Business
We're taking profits in this beer maker and buying more of our newest stock
We will realize a double-digit gain on the sale and pour half of it into our latest addition to the portfolio. -
CNBC - Business
Tesla stock rises again after better-than-expected deliveries report
Tesla shares saw more gains Wednesday, after jumping 10% in the previous session.Tesla -
ABC News - Top stories
Open on July 4th: Retailers and airlines. Closed: Government, banks, stock market
The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain -
GameSpot - Tech
Dragon Ball: A Visual History Is Back In Stock And 50% Off At Amazon
The world lost a legend when Dragon Ball creator Akira Toriyama passed away this year, but like all of life's great artists, his legacy lives on through his work. If you've ever wanted to marvel at his talent for drawing awe-inspiring landscapes, ... -
Financial Times - Business
Kolanovic to leave JPMorgan after series of mistimed stock market calls
Top analyst leaves US bank after bearish forecasts on S&P 500 -
Inc. - Business
Echoes of the Dot-Com Bubble Haunt AI-Driven Stock Market
It's beginning to look a little too much like 2000 for some investors' comfort, as big AI names dominate key stock indexes.