UnitedHealth Group shares fell over 5% following an antitrust investigation by the U.S. Department of Justice, leading to a potential market value loss of more than $25 billion.
Bloomin' Brands, the parent company of Outback Steakhouse and other restaurants, is closing 41 underperforming locations in its portfolio, with the majority being older assets with leases from the '90s and early 2000s, although it plans to open 40 to 45 new restaurants by 2024.
Amazon is flooded with AI-generated biographies of journalist Kara Swisher on the day after her memoir is launched, with 21 Swisher books, complete with uncanny cover art, appearing on the site.
Disney is partnering with Reliance Industries in an $8.5 billion deal, allowing Reliance to take control of Disney's efforts to enter India's media market.
The Mortgage Bankers Association's index of mortgage applications dropped 5.6% as mortgage rates above 7% continued to suppress demand, leading to a decline in home purchases and refinancing applications.
Crude oil prices dropped after the U.S. Energy Information Administration reported a significant increase in inventory, offsetting the positive impact of OPEC+ extending production cuts.
Shares of Beyond Meat surged after the company announced plans to cut costs and become profitable, which boosted investor confidence in the stock.
Google CEO Sundar Pichai criticized the controversial Gemini AI chatbot for generating woke versions of historical figures and vowed to fix the issue, acknowledging the offense caused and the need to address bias and improve the system.
Apple has reportedly cancelled its plans to build an electric car, a move that could improve the company's stock margins as consumer demand for electric vehicles wanes and competition intensifies.
Fast food chain Wendy's has stated that it will not implement "surge pricing" on its digital menu boards, despite previous comments suggesting otherwise, as backlash from consumers is expected.
The Mega Millions jackpot has reached $607 million, making it the eighth-largest in the lottery's history, with the winnings reduced to $180.7 million after taxes.
Chrysler is recalling over 330,000 Jeep Grand Cherokees due to a steering wheel issue that may lead to a loss of control while driving.
SoundHound AI stock has experienced significant growth and investor interest due to speculation about its relationship with Nvidia, but its current valuation is overbought, making it a speculative investment with potential long-term returns.
Chinese tech giant Baidu beat earnings estimates but fell short on revenue in Q4, while its average monthly active users increased and its AI Cloud business contributed to nonmarketing revenue growth.
Republican Senator Josh Hawley is expected to introduce legislation raising tariffs on Chinese vehicle imports from 2.5% to 100%, in an effort to protect U.S. car companies from competition and potential safety concerns.
Novavax Inc reports Q4 2023 revenue of $291 million, a decrease from the previous year, while making progress in reducing operating expenses and preparing for future product launches.
Sam Bankman-Fried's attorney argues that a 100-year prison sentence would be "grotesque" and "barbaric," instead suggesting a term of a few years for cryptocurrency crimes, citing Bankman-Fried's medical conditions and goals to improve the world through his crypto exchange.
The U.S. economy's growth rate in the fourth quarter was revised down slightly to 3.2%, but it is still expanding rapidly despite higher interest rates, driven by strong consumer spending and a muscular labor market.
Macy's closure of 150 stores by 2026 is a significant event that will impact the company's future and market competition, putting it at risk of losing market share to rivals like Amazon, Target, and Kohl's.
Plant-based meat maker Beyond Meat saw a 55% surge in premarket trading after announcing plans for price hikes and cost cuts to improve its margins and squeeze shorted shares.
Toyota, once considered an EV laggard, is now well-positioned in the hybrid market as it tops the list of brands most considered by EV shoppers, suggesting that its hybrid-heavy approach is attracting the new breed of electric-car shoppers.
Walmart has agreed to pay a $45 million settlement in a class action lawsuit over claims that the retailer sold weighted groceries for more than the advertised prices, and customers who participated may receive compensation based on the number of products purchased.
Developers have unveiled plans for a $2.5 billion expansion of the South Philadelphia Sports Complex, including a new concert venue, hotel, and more restaurants and retail.
Apple has reportedly abandoned its efforts to build an electric car, shifting resources to focus on its artificial intelligence division, amidst slowing electric vehicle sales and growing interest in AI technology.
On February 29, known as leap day, several companies including Krispy Kreme, Chipotle, Wendy's, Staples, Perdue, and Noodles & Company are offering discounts and freebies to celebrate the extra day of the year.
Tesla CEO Elon Musk announced that the production design of the long-awaited Tesla Roadster is complete and the vehicle will be unveiled at the end of 2024, with a target to ship it in 2025, promising impressive performance and claiming there will never be another car like it.
A woman dies after experiencing complications at a hospital owned by Steward Health Care, sparking scrutiny into the patient risks and compromises in private equity-backed hospitals.
AMC Entertainment is diversifying its offerings and cutting deals with musicians for concert films to aid its recovery, as the movie theater business faces competition from streaming services and struggles with an uneven recovery and delays caused by strikes.
It takes $5.8 million to be in the top 1% in the U.S., according to the Wealth Report from Douglas Elliman and Knight Frank, while Monaco requires over double that amount at $12.9 million, and Luxembourg and Switzerland also surpass the U.S. at $10.83 million and $8.5 million, respectively.
The DoubleTree hotel next to the Monroeville Convention Center in Pennsylvania is closing, causing concerns among nearby businesses and impacting the local economy.
Lemonade, Inc. reported a narrower operating loss in Q4 2023 than expected, with improved gross earned premiums and lower expenses, while revenues increased year over year driven by higher investment income and in-force premiums earned.
Warren Buffett's investment company, Berkshire Hathaway, with a market capitalization of nearly $900 billion, is poised to become the first non-tech US company to reach the $1 trillion milestone due to its solid value investing strategy and impressive portfolio, including its massive holding in Apple.
Google CEO Sundar Pichai addressed the controversy surrounding its Gemini AI service's misleading and historically inaccurate images, calling the issue "completely unacceptable" in an internal note.
Bitcoin surged above $59,000, nearing its all-time high, driven by increased enthusiasm and the launch of bitcoin exchange-traded funds, with analysts predicting a price target of $125,000 by the end of 2025.
Family Dollar has agreed to pay $41.6 million in connection with unsanitary conditions at one of its warehouses, which included dead rodents, feces, and urine, resulting in the closure of stores in multiple states.
Investors in Rivian Automotive suffered significant losses after the company reported mixed earnings and revealed plans to produce the same number of vehicles in 2024 as it did in 2023, leading to doubts about its growth potential and a 38% decrease in its stock value, though Bank of America remains optimistic with a "buy" rating.
UnitedHealth Group is under investigation by the U.S. Department of Justice for potential antitrust violations, causing the health insurance company's stock to decline; the investigation is focused on various segments of UnitedHealth, including its insurance unit and health services arm, as well as its medicare billing issues.
Tesla CEO Elon Musk has hyped up the second-generation Roadster, claiming it will be the most mind-blowing product demo of all time and will hit 0-60 mph in less than one second, but skepticism remains about these claims.
Dividend stocks, such as Realty Income, Altria Group, Apple, Home Depot, and Starbucks, offer the opportunity for financial freedom through ever-increasing dividends and long-term wealth growth.
Statista has formed a global board of medical experts to continually improve the quality and scope of the World's Best Hospitals Project, which ranks the best hospitals in 30 countries based on multiple factors such as patient satisfaction and hospital quality metrics.
Nvidia's stock has soared since the AI revolution, and one analyst believes there is still significant potential for gains, citing Nvidia's strong performance and its virtual monopoly on GPUs in the data center and machine learning markets.
Nvidia's stock has the potential for a 78% gain, according to a Wall Street analyst who believes the company will continue to profit from the AI boom.
Billionaire Marc Benioff, CEO of Salesforce, has been quietly buying hundreds of acres of land in Waimea, Hawaii, sparking worries about rising housing prices and concerns about the loss of local culture for residents in the tight-knit community.
Shares of Chinese tech giant Baidu rose after reporting better-than-expected fourth-quarter numbers, with revenue surpassing estimates by $40 million and earnings per share beating consensus by $0.64, as the company focuses on its AI offerings and operational efficiency.
The price of Bitcoin surged past $59,000, reaching levels not seen since late 2021, as the bullish run for the cryptocurrency continues fueled by inflows into exchange-traded funds and anticipation of the upcoming "halving event" in April.
Speculation is increasing about a potential stock split as Nvidia's share price soars.
Economists are expecting the core PCE inflation measure to clock in at 2.8% in January, which could raise concerns about inflation not decreasing quickly enough and prompt the Fed to delay rate cuts.
FTX founder Sam Bankman-Fried's lawyer has requested a lenient sentence for his client, claiming that FTX's clients will have most of their funds returned, after Bankman-Fried was convicted of stealing $8 billion from customers.
The family members of Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, pleaded with the judge overseeing his criminal trial to give him a light sentence due to his social awkwardness and neurodiversity, fearing for his safety in prison.
Thrasio, a prominent e-commerce aggregation startup, has filed for Chapter 11 bankruptcy protection and secured $90 million in emergency financing in an effort to cut its debt and restructure its business.