Boeing directors plan to hold meetings with top executives of their largest airline customers who are becoming increasingly frustrated with the company's ongoing crisis, while Boeing CEO Dave Calhoun will not be participating.
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Most Minneapolis City Council members are open to changing a rideshare ordinance that has prompted Uber and Lyft to threaten to leave, but it remains unclear if any changes will satisfy the companies.
Senator Elizabeth Warren is urging the Securities and Exchange Commission (SEC) to investigate Elon Musk's actions as Tesla CEO, claiming that he treats the publicly traded company as if he owns it outright and raises concerns about his control over the board and his financial links to board members.
Medicare plans can now cover the weight-loss drug Wegovy for seniors with a history of cardiovascular disease, expanding access to the drug for certain adults, according to officials, following the FDA's approval of Wegovy for reducing the risk of heart failure.
Nike expects its revenue in the first half of fiscal 2025 to decline by a low single-digit percentage due to cost-saving measures and a shift in focus towards new product launches, as the company acknowledges that its direct-to-consumer strategy is not driving growth as anticipated.
The Federal Communications Commission has ordered Nexstar Media Group to sell WPIX-TV in New York, as the company's takeover violated station ownership limits, and fined them $1.2 million.
The recent string of scary incidents on Boeing jets has heightened anxiety among travelers and prompted US airline executives to demand a meeting with Boeing's leaders to address quality control and manufacturing issues.
Nike's reliance on its iconic basketball shoes for sales may be a mistake as it loses market share to newer brands like On and Hoka that have become more popular with consumers.
A federal appeals court ruled that the requirement for graphic images on cigarette packs and advertising, demonstrating the effects of smoking, does not violate the First Amendment, but a tobacco industry challenge of the rule will be reviewed by a lower court.
French luxury brand Hermès is being sued in California over allegations that it restricts the sale of its highly coveted Birkin handbags to customers with a sufficient purchase history, violating antitrust law. The lawsuit claims that the company ties the purchase of Birkins to the purchase of its other items, and seeks class-action status, damages, and an order barring Hermès from continuing these practices.
California's largest insurer, State Farm, is discontinuing coverage for 72,000 homes and apartments due to rising costs, increasing catastrophe risk, and outdated regulations, potentially leading to higher housing costs for affected residents in a state devastated by recent wildfires.
The U.S. Food and Drug Administration has approved Duvyzat as the first nonsteroidal drug to treat Duchenne Muscular Dystrophy, providing a new treatment option for patients with all genetic variants of the disease.
Alexis Ohanian called out Initialized Capital investors on social media after they failed to personally congratulate him on Reddit's IPO.
FedEx Corp surpasses earnings expectations through strategic cost reductions and share repurchase initiatives, achieving a higher diluted EPS of $3.51 and an adjusted diluted EPS of $3.86, despite a challenging demand environment and a decline in year-over-year revenue.
Shares of Novo Nordisk and Eli Lilly dipped after Medicare announced that weight-loss drugs may be covered for patients with a history of heart disease or at risk of recurring heart attacks or strokes.
Micron Technology's stock soars as the company surpasses estimates for its second fiscal quarter and provides strong guidance for the current period, driven by increased spending on AI infrastructure for data centers.
Nike reported better-than-expected third-quarter results, but is facing economic challenges in its major regions, including China, while Lululemon's fourth-quarter revenue met estimates, but its first-quarter outlook was disappointing, causing a decline in stock prices.
A man from Texas was arrested for attempting to stow away on a Delta flight by taking photos of boarding passes and using a minor's pass to board, before trying to open the emergency equipment storage door.
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BlackRock, the world's largest asset manager, has criticized Texas' decision to withdraw $8.5 billion in assets over alleged energy company boycotts, stating that the decision prioritizes short-term politics over long-term fiduciary responsibilities.
Darden Restaurants, owner of Olive Garden, reported a decrease in sales due to lower income consumers and unfavorable weather conditions, causing its stock to plummet by 11%.
Memory chip manufacturer Micron Technology reported robust second fiscal quarter results, with revenue growth of 58% and a profit of $793 million, driven by high demand for its high-bandwidth memory (HBM) ultrafast semiconductors used in AI development, and the company's forecast suggests that its AI prospects will continue to drive exceptional performance in the future.
FedEx's third-quarter earnings beat analysts' estimates, but sales decreased and missed expectations; the company expects a decline in revenue for fiscal year 2024, leading to a mixed outlook for investors.
Intel received $8.5 billion in subsidies from the U.S. Commerce Department to expand semiconductor production, leading to an analyst raising their price target on Intel stock to $100, citing Intel's ability to build power-efficient AI processors as a key factor.
The Justice Department has filed an antitrust lawsuit against Apple, accusing the tech giant of maintaining an illegal monopoly in smartphones, stifling competition and innovation, and keeping prices artificially high.
Medicare will now provide coverage for Wegovy, a weight loss medication, for patients at an increased risk of cardiovascular problems, expanding access to the drug for millions of patients; however, concerns have been raised about the financial implications for Medicare and potential cost burdens on the program.
United Airlines has introduced a new feature to its MileagePlus loyalty program, allowing members to pool and share miles with family and friends, providing more flexibility and convenience for award travel.
Nestlé is recalling over 440,000 Starbucks mugs after at least a dozen people suffered burns or cuts while using the product, which was sold as part of a 2023 holiday gift set.
Broadcom's shares are trading higher after TD Cowen upgraded the company's rating to Outperform, citing its potential in AI and increasing their price target to $1,500 per share.
The U.S. Securities and Exchange Commission (SEC) is considering reclassifying Ethereum's native token, ether (ETH), as a security, but the SEC's probe into the Ethereum Foundation remains uncertain, leading to questions about the potential impact on the cryptocurrency industry and the possibility of Ethereum reverting back to a mining model or Ethereum Classic becoming the dominant chain, while the XRP Army sees an opportunity for Ripple's XRP.
Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share, signaling a positive market response and potential for growth due to the company's significant AI capabilities and revenue potential.
Keurig Dr. Pepper unveils a sustainable coffee pod called K-Rounds, which is plastic-free and made with a plant-based coating, designed to be used with the upcoming Alta brewer.
Former President Donald Trump's social media platform Truth Social is preparing to go public with a valuation of $6 billion, potentially earning Trump $3.5 billion, despite the platform's lack of profits and minimal revenues.
Chewy's stock fell 6% after reporting sluggish Q4 results, including a decline in active customers and caution for the future, indicating a tough year ahead for the pet supply retailer.
Chewy stock fell 6% on Thursday after reporting sluggish Q4 operating results, highlighting a decline in active customers and caution signs for future growth.
The Dow Jones Industrial Average approaches 40,000 as the stock market rally continues, driven by gains in technology shares, despite a slump in Apple stock due to the Justice Department's lawsuit against the company. Micron Technology sees a 14 percent surge in its stock after reporting stronger-than-expected earnings.
Intel will receive approximately $20 billion in federal subsidies to advance its semiconductor manufacturing projects in four U.S. states, supporting the company's plans to invest over $100 billion in the U.S. to expand chipmaking capacity and AI capabilities.
The Wall Street debut of Donald Trump's Truth Social network could give him paper stock worth billions of dollars, but it is uncertain if he will be able to cash it out right away and the long-term outlook for the business is questionable.
Maine's Board of Environmental Protection rejected a proposed electric vehicle (EV) mandate due to overwhelming opposition from stakeholders and citizens concerned about the lack of charging infrastructure and the reliability of EVs in extreme cold weather.
State Farm General Insurance Company plans to non-renew about 30,000 property insurance and 42,000 commercial apartment policies in California, impacting 2% of its total policies in the state, in order to ensure long-term sustainability.
State Farm plans to not renew approximately 72,000 property and commercial apartment policies in California due to higher construction costs, growing risk from catastrophic events, and challenges related to insurance regulations.
Existing-home sales in the US unexpectedly surged in February, reaching the highest monthly increase in a year, but sales are still down compared to last year, according to the National Association of Realtors (NAR), and factors like scarce supply, inflated prices, and high mortgage rates continue to make home ownership unaffordable for many Americans.
Proxy advisory firm Institutional Shareholder Services (ISS) has endorsed activist Nelson Peltz in his battle against Walt Disney, recommending shareholders to elect him to the board to ensure proper handling of CEO succession and strategy.
Discount retailer Dollar Tree is planning to close 1,000 of its Family Dollar and Dollar Tree stores due to financial struggles from inflation and increased competition, impacting low-income shoppers and potentially hurting communities that rely on these stores.
The American Petroleum Institute President and CEO, Mike Sommers, argues that the Biden administration's new gas-powered emissions standards and push for electric vehicles are bad for American consumers, jobs, and energy security, and only benefit China.
Shipping company FedEx reported better-than-expected Q3 earnings but lower revenue, citing uncertainty about the economy and volatile macroeconomic conditions, causing its stock to surge almost 13%.
Hermès is facing a lawsuit alleging that its sales strategy for Birkin handbags, which requires customers to purchase other products, is a violation of antitrust law and constitutes a monopoly.
State Farm, California's largest home insurer, plans to non-renew around 72,000 property insurance policies in the state, including commercial apartment policies, as part of its efforts to ensure long-term sustainability and address financial challenges.
BMW has unveiled the Vision Neue Klasse X, a concept car that showcases the automaker's future lineup of electric vehicles, featuring innovative battery and electric architecture, a distinct kidney-shaped grille, and sustainable materials in its interior design.
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Former Disney CEO Bob Chapek criticized the strategy of finding a strategic partner for ESPN, stating that he sees no benefit in adding any minority partners and believes that ESPN should become a central hub for sporting events rather than expanding its footprint with more partners.
