Latest in Profit Selling
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Meta Urges California Attorney General to Stop OpenAI From Becoming For-Profit
Mark Zuckerberg’s company is siding with Elon Musk in a fight against the developer of ChatGPT.The Wall Street Journal - 1h -
OpenAI emails show Elon Musk wanted for-profit structure in 2017
OpenAI on Friday posted screenshots showing that Elon Musk, one of its co-founders, pushed for the company to have a for-profit structure as far back as 2017.CNBC - 5h -
A New Frontier in Paleontology for Profit: Selling Shares in a Stegosaurus
As academics fear being priced out of the fossil market, a private company announced that it aims to raise $13.75 million by selling shares in a stegosaurus fossil.The New York Times - 12h -
One man's Elvis Presley collection sells for £14,000
Items included the American singer and actor's silver ring, one of his cigars, and a wristwatch.BBC News - 14h -
Broadcom shares rise 13% on profit beat, 'massive' opportunity in AI
Broadcom is seeing soaring demand from the boom in generative AI infrastructure.CNBC - 1d -
Ciena reported a big profit miss. Here’s why the stock is rocketing to a 22-year high.
Ciena’s stock was soaring toward a 22-year high, as order growth and outlook on inventory overshadowed a big profit miss.MarketWatch - 1d -
GameStop has ‘virtually no chance’ of returning to profitability in its core business, says Wedbush
GameStop Corp. shares jumped following the video game retailer’s third-quarter results this week, although analyst firm Wedbush thinks that a return to profitability in the company’s core business ...MarketWatch - 1d -
Inside the lucrative, unregulated business of selling bodies
The business of providing human remains for medical training and research is largely unregulated. In a new report in our series "Dealing the Dead," NBC News' Liz Kreutz reports on a company accused ...NBC News - 2d -
Exxon Plans to Sell Electricity to Data Centers
The country’s largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies.The New York Times - 2d -
Here’s what one employee hiding money is doing to Macy’s stock and profit view
Macy’s cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.MarketWatch - 2d -
GameStop’s stock jumps on surprise third-quarter profit
Shares of GameStop Corp. were up 8.2% in extended trading after the videogame retailer reported a surprise third-quarter profit, despite falling sales.MarketWatch - 3d -
Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
Alaska Airlines is launching new flights and a new premium credit card to help grow profits by $1 billion in 2027.CNBC - 3d -
United Natural Foods’ stock soars 23% as health-food supplier delivers a surprise adjusted profit
United Natural Foods Inc.’s stock soared 23% Tuesday after the health-food supplier delivered a surprise adjusted profit for its fiscal first quarter and sales that easily beat estimates.MarketWatch - 3d -
DSW parent’s profit dinged as cash-strapped consumers spend less on winter footwear
Consumers continued to curb spending and warmer-than-usual weather crimped sales of winter offerings, leading to a fourth straight profit miss and third straight sales miss for Designer Brands Inc.MarketWatch - 3d -
Alaska Airlines plans new nonstop flights to Japan, Korea in $1B postmerger profit push
Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there.NBC News - 3d -
We're booking big profits in a tech stock popping on news that seems too theoretical
It's unclear what business case and monetization strategy can come from this development.CNBC - 3d -
What is rage-baiting and why is it profitable?
Called rage-baiting, making people angry with social media posts can be a business.BBC News - 4d -
Security contractor can seek damages from CNN over Afghan war profiteer report
A Florida judge ruled in favor of U.S. Navy veteran Zachary Young, who says he was defamed in a 2021 CNN story on evacuation services in Afghanistan.Los Angeles Times - 4d -
It’s time to sell the U.S. dollar, Morgan Stanley says
Morgan Stanley’s analysts said much of the good news for USD has already been priced in to the value of America’s currency, meaning investors may have an opportunity to make a pain trade.MarketWatch - 4d -
Trump's business empire has expanded. Here's where he could profit in his second term.
When Trump returns to the White House, he’ll do so with a more sprawling business empire and far fewer promises about how he’ll avoid conflicts of interest.NBC News - 4d -
Meet the Trump Nominees Selling Vitamins on the Side
Close ties between Trump’s top political nominees and supplement makers could give more leeway to an industry that is lightly regulated, say doctors and public-health experts.The Wall Street Journal - 4d -
Deal agreed to sell the Observer to Tortoise media organisation
Newspaper’s owner, the Scott Trust, to sign contract in coming days, despite strike by Guardian and Observer journalists. The Scott Trust has announced it has decided to press ahead with its ...The Guardian - 5d -
Dorothy's ruby slippers sell for $28m at auction
The shoes, worn by Judy Garland in the classic 1939 movie, went for $25m more than the auctioneer's estimate.BBC News - 5d -
Influencers selling fake cures for polycystic ovary syndrome
Influencers posing as medical experts are exploiting the lack of easy solutions for PCOS by selling fake cures.BBC News - Dec. 7 -
Pachuca Group considers selling León for CWC
Pachuca owner Jesus Martinez said he is willing to sell control of León to comply with FIFA multi-property rules for the 2025 Club World Cup.ESPN - Dec. 6 -
Take profits on hot IPOs and 'remain grounded' as market soars, Jim Cramer says
CNBC's Jim Cramer told investors not to get greedy and instead take profits in stocks that have run up substantially, including recent IPOs.CNBC - Dec. 6 -
Signet Jewelers’ stock drops as it faces competition from lab diamonds and misses Wall Street’s profit and sales estimates
Retailer warns its revenue may fall short of expectations in the coming quarter.MarketWatch - Dec. 5 -
El Salvador sits on $300 million-plus profit as bitcoin hits a milestone
The tiny Central American country of El Salvador is now looking at a hefty profit from its bitcoin ambitions, as the cryptocurrency reached $100,000 on Wednesday.MarketWatch - Dec. 5 -
Women selling sex for gold in the Amazon's illegal mines
Life for women among the Amazon’s illegal gold miners is harsh, violent, and can be deadly.BBC News - Dec. 5 -
Lobbying firm with ties to Trump appears poised to profit from new administration
Ballard Partners, whose founder has personal ties to Donald Trump, seems poised to profit from Trump's return to Washington, raising concerns from some ethics experts.ABC News - Dec. 4 -
Police illegally sell restricted weapons, supplying crime
These high-powered weapons are only meant for police. How are they ending up in criminals' hands?CBS News - Dec. 4 -
Supermarkets 'putting profits above human rights', MP says after BBC investigation
Supermarkets that appear to be selling products linked to slave labour in China have been criticised following a BBC investigation.BBC News - Dec. 4 -
Wells Fargo to sell San Francisco headquarters, WSJ reports
Wells Fargo to sell SF HQ: WSJYahoo Sports - Dec. 3 -
Constellation Brands to sell Svedka vodka to Sazerac as wine and spirits segment struggles
Constellation Brands will sell its Svedka vodka brand to alcoholic beverage company Sazerac in the coming months.CNBC - Dec. 3 -
Children’s Place profit nearly halves as troubled retailer’s turnaround efforts dampen sales
Troubled retailer is moving away from unprofitable sales and offers of free shipping.MarketWatch - Dec. 3 -
US blasts countries that ‘stood in the way of progress to protect their profits’ over collapsed plastic talks
The White House criticized a group of oil-rich countries as well as corporations who make money from plastic production in a new statement after global talks for a treaty to reduce plastic waste ...The Hill - Dec. 3 -
Carlsberg Sells Russian Baltika Breweries Business
Carlsberg agreed to sell its Russian Baltika Breweries business, ending a long-running legal dispute sparked after the Russian government seized control.The Wall Street Journal - Dec. 3 -
Hedge funds profit from ‘Trump trades’ around US election
Element Capital and Graham Capital among macro managers that did well out of recent market swingsFinancial Times - Dec. 3 -
Honeywell announces a new collaboration with Bombardier. But it’ll weigh on this year’s profit.
Shares of Honeywell International Inc. fell in extended trading Monday after the conglomerate cut its outlook for the months ahead, citing the costs of investing in a new tech-focused collaboration ...MarketWatch - Dec. 3 -
G.M. Will Sell Stake in EV Battery Plant to LG
LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.The New York Times - Dec. 2