Companies Shares Slide
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CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
Delta Flight Loses Emergency Slide After Takeoff From J.F.K.
The plane had taken off from Kennedy International Airport when crew members noticed problems near its right wing, Delta said. What became of the slide is unknown.The New York Times - Business -
Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs
Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.MarketWatch - Business -
Taco Bell parent Yum Brands’ stock slides on first-quarter earnings and revenue miss
Yum Brands’ CEO David Gibbs described “a difficult operating environment” during the first quarter.MarketWatch - Business -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Newspapers accuse artificial intelligence companies of stealing content
A newly-filed lawsuit targets two of the biggest generative AI platforms in the world, Open AI, the creators of ChatGPT and Microsoft's Copilot AI program.CBS News - Top stories -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
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Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - Business -
AMD is the latest company to show that AI is an expensive proposition
Artificial intelligence is expensive for the companies buying AI chips, and it’s expensive for the companies making them, too.MarketWatch - Business -
Peloton CEO Dismounts as Company Cuts 400 Jobs
Barry McCarthy ends two-year tenure as the fitness company keeps pedaling to a post-pandemic turnaround.Inc. - Business -
Fantasy Football 2024 one-QB rookie-only post-NFL Draft mock results, recap: Drake Maye slides far, more
Here's how we're drafting the rookies in one-QB after the 2024 NFL DraftCBS Sports - Sports - Fantasy Football -
The S&P 500 extended its recent slide after the central bank's outlook, falling 0.3% and matching the Nasdaq's session decline. The Dow rose 0.2%.
The S&P 500 extended its recent slide after the central bank’s outlook, falling 0.3% and matching the Nasdaq’s session decline. The Dow rose 0.2%.The Wall Street Journal - World -
Futureproofing Your Firm: 5 Vital Tactics for Professional Services Companies
Rules for forward-thinking service firms that want to stay relevant in the age of AI.Inc. - Business -
How to save for retirement if your company doesn't offer a 401(k)
Not every employer offers a 401(k) retirement account, but there are suitable alternatives.CNBC - Business -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
American Express CEO explains how the company is attracting younger consumers
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.CNBC - Business -
AP WAS THERE: Mexico's 1938 seizure of the oil sector from US companies
Mexico took control of its most precious natural resource by seizing the oil sector from U.S. companies in a move that’s taught to schoolchildren and celebrated as a great patriotic victoryABC News - World -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
Most Companies Lack Tech Needed to Meet Sustainability Reporting Requirements
Almost nine out of 10 tech and sustainability leaders say they need to adopt better technology, according to a Bain & Co. survey.The Wall Street Journal - World -
AMD’s mixed earnings reveal a company with a lot to prove — and the goods to do it
Why 2024 will be a year of sizeable growth for the chip maker.MarketWatch - Business -
UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.CNBC - Business -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Business - Russia -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Top stories - Russia -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.MarketWatch - Business -
Kellanova’s profit falls short of estimates but company strikes bullish tone
Kellanova, the packaged-food giant spun out of the former Kellogg, cited “tangible signs that this year’s return to full commercial activity is taking hold in the marketplace.”MarketWatch - Business -
Train companies make fresh bid for talks ahead of Aslef rail strike
Rail Delivery Group proposes informal discussions to try to end nearly two years of disruptionFinancial Times - World -
Peloton CEO Barry McCarthy Steps Down as Company Cuts 15% of Workers
Barry McCarthy took over as C.E.O. in February 2022 to revive Peloton from its late-pandemic slump, but the company has struggled to become profitable.The New York Times - Business -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
Fastly shares sink 30% on weaker guidance
Fastly shares dived 30% in afterhours trading following guidance for the second-quarter and 2024.MarketWatch - Business -
Where we're headed: Revenue sharing with college athletes
What does a settlement of the House v. NCAA case entail? And what does it mean for your school? Unpacking a complicated, and fluid, situation.Yahoo Sports - Sports -
NAB's Profit Falls; Increases Share Buyback
Australia’s second-largest lender by market capitalization reported a 12% decline in half-year net profit and announced it will increase its share buyback by $980 million.The Wall Street Journal - World -
Why The Founder of This Fast-Growing Company Takes Off Four Times a Year to Think
Every entrepreneur needs time to really sit down and think; how Allan Njoroge from Actriv Healthcare bakes it into his year.Inc. - Business -
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media ...ABC News - Tech -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year
Viking’s stock jumped 9% in initial trades on the New York Stock Exchange on Wednesday.MarketWatch - Business