Hermes is facing a lawsuit alleging that the luxury retailer violates antitrust law by making customers buy other goods before being allowed to purchase a coveted Birkin handbag, with the lawsuit seeking class action status and monetary damages.
Reddit stock began trading on the New York Stock Exchange, surpassing its offering price and reaching a valuation of around $8 billion, in a test of investor appetite for a tech company to go public amid economic uncertainty and inflation.
The heads of major US airlines, including United and Southwest, are planning to meet with Boeing's board of directors to address the production problems and quality issues faced by the airline manufacturer.
Legal battles between Trump Media and Digital World Acquisition threaten to impact former President Donald Trump's stake in the post-merger company, potentially worth hundreds of millions of dollars, as well as Trump's ability to pay off legal fines.
Chewy, Inc. reported strong Q4 2023 earnings, with net sales reaching $2.83 billion and a gross margin of over 28%, and expects continued market share gains, margin expansion, and free cash flow generation in 2024.
A Texas man was arrested for using a photo of a fellow passenger's boarding pass to sneak aboard a flight, prompting the plane to return to the gate.
Micron's second quarter earnings exceeded analyst expectations, with revenue of $5.82 billion and adjusted earnings per share of $0.42, driven by the high demand for high bandwidth memory and the utilization of Micron's products in applications such as smartphones and PCs.
Proxy advisory board Institutional Shareholder Services (ISS) has recommended that activist investor Nelson Peltz be added to the Walt Disney Company board, but the Disney chairman has dismissed the suggestion and received support from the widow of Steve Jobs, Laurene Powell Jobs. Peltz has the support of Ike Perlmutter, but Disney has argued Peltz does not have the necessary skills for the role and has criticised his "meaninful plan" for shareholder value creation.
Stocks on Wall Street rose as investors celebrated the Federal Reserve's signals of delayed but not slowed rate cuts, with the S&P 500 surpassing 5,250 and the Dow Jones Industrial Average creeping closer to the 40,000 mark.
Amazon's Big Spring Sale, as well as competing sales from other retailers like REI, are offering a range of deals on items including mosquito repellent, fabric shavers, travel backpacks, vacuums, smart home devices, kitchen appliances, and pet gear.
The Federal Trade Commission's report on grocery supply chain disruptions during the COVID-19 pandemic reveals that large market participants took advantage of the disruptions to increase prices and gain dominance, while smaller firms struggled to obtain products.
Shares of Accenture are trading lower after the company reduced its full-year revenue forecast, citing weakness in certain areas despite strength in AI offerings and IT spending.
FedEx is expected to report quarterly earnings of $3.46 per share, with revenue projected at $22.06 billion, and some investors may be looking to earn monthly dividends of $500 from owning approximately $309,388 worth of FedEx shares.
Hyundai, Genesis, and Kia are recalling over 147,000 EVs in the US due to potential damage in the charging units.
Influential advisory firm Institutional Shareholder Services (ISS) is recommending that its clients vote to add Nelson Peltz to Disney's board of directors, citing the need for change and Peltz's potential contribution to the succession process and future capital allocation decisions. However, ISS is not recommending Trian's other nominee, Jay Rasulo, and suggests withholding a vote for current Disney board member Maria Elena Lagomasino.
Lottery players have a chance to win a combined $1.7 billion this week as both the Powerball and Mega Millions jackpots continue to grow, with the Powerball jackpot reaching $750 million and the Mega Millions jackpot standing at $977 million.
United Airlines now allows groups of up to five MileagePlus members to pool and redeem their miles through a linked account, making it easier for families and friends to use their miles for flights.
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Memory chipmaker Micron Technology surged to a record high after its strong revenue forecast fueled optimism about the rising demand for AI hardware, positioning the company for new peaks in the market.
Microsoft was initiated with an Overweight rating by KeyBanc, which believes the company is well positioned to monetize the AI wave through its Azure platform and copilots, while Broadcom was upgraded to Outperform by TD Cowen with a price target of $1,500, citing potential upside from custom silicon and AI networking.
The Department of Justice plans to sue Apple over alleged violations of antitrust law, targeting the company's control over the smartphone market and its restrictions on innovative apps, mobile cloud streaming services, cross-platform messaging apps, non-Apple smartwatches, and third-party digital wallets. Apple argues that the lawsuit threatens its ability to innovate and create technology that users expect, and it will vigorously defend against it.
Former Disney CEO Bob Chapek believes that ESPN has the potential to be a major player in the streaming world and compared its future to that of Apple TV.
Hermes is facing a new lawsuit alleging that the luxury retailer only sells its Birkin handbags to customers who have bought other expensive items at the store, in violation of antitrust law.
The US Justice Department is expected to file an antitrust lawsuit against Apple, targeting the tech giant's app store terms, high fees, and restrictive practices that hinder competition.
Chipotle's stock has potential for more growth, with one analyst raising the price target to $3,300 due to strong pricing power and consistent increases in customer visits, along with the company's successful loyalty program and Chipotlane strategy.
The Amazon Spring Sale offers several tech deals, including budget wireless earbuds for $50, the Fire TV Stick 4K Max for $40, the Samsung SmartTag 2 for $21, and the Google Pixel Buds Pro for $35.
Reddit priced its IPO at $34 per share, valuing the social media platform at around $6.4 billion, with anticipation that its debut on the New York Stock Exchange will gauge investor appetite for tech offerings.
A Texas man was arrested for stowing away on a Delta Air Lines flight in Utah after using a photo of another passenger's ticket to board the plane.
Disney's ESPN is facing challenges as its traditional business model of generating revenue through cable subscription fees is being threatened by the decline in cable TV subscribers, prompting the company to introduce a new streaming plan to attract non-cable customers who are interested in sports but unwilling to pay for the entire network bundle.
A man boarded a Delta Air Lines flight without a ticket after secretly photographing a girl's boarding pass, only being caught when the plane was heading to the runway.
Former US President Donald Trump's wealth could increase by over $3 billion if a shareholder vote on Friday approves the listing of his Trump Media business, which operates the Truth Social tech platform, through a merger with Digital World Acquisition; however, Trump would need a waiver to sell his shares immediately due to a provision blocking major shareholders from doing so for six months.
Nvidia's dominance in the AI industry, its attractive valuation, and strong earnings-per-share estimates make it a promising investment with potential for a 40% rise.
Dow Jones futures rose alongside S&P 500 futures and Nasdaq futures, following positive market reaction to the Fed's rate-cut outlook, with Micron Technology surging on strong earnings and a Microsoft AI event on the horizon.
Investors seek to extend yesterday's gains as all major indices reach new closing highs, while the NYSE prepares for Reddit's IPO and Yahoo Finance interviews key figures in the market.
The recent settlement from the National Association of Realtors is expected to lower commissions and dramatically change how real estate professionals get paid, potentially leading to lower pay, intense competition, and an exodus of realtors.
The Environmental Protection Agency has implemented new pollution rules for vehicles that aim to reduce greenhouse gas emissions and provide cost savings, but getting consumers to purchase cleaner cars remains a challenge. The regulations offer more flexibility to carmakers and prioritize a variety of clean car options, including more efficient gasoline engines, plug-in hybrids, and hydrogen-powered cars. The success of decarbonizing transportation relies on convincing consumers to choose cleaner vehicles amidst concerns about price, performance, and charging infrastructure.
Stocks on Wall Street are expected to continue their rally as investors react positively to the Federal Reserve's signals of delayed but not slowed rate cuts, with the S&P 500 and Nasdaq 100 reaching all-time highs.
The recent $8.5 billion funding for Intel to build semiconductor plants in Chandler, Arizona is expected to bring thousands of high-paying jobs to the area, demonstrating bipartisan efforts to bolster national security and create employment opportunities.
Accenture reported Q2 FY24 earnings with new bookings of $21.6 billion, second-highest ever, and revenues of $15.8 billion, flat in both US dollars and local currency.
Social media platform Reddit had its high-profile market debut on the New York Stock Exchange, with its IPO valuing the company at $6.4 billion and raising $748 million, marking a major test for the IPO market and investor appetite for new issues.
Nvidia's latest AI chip, built on the Blackwell architecture, provides a significant performance boost over its previous chips, but the surprising choice to use TSMC's less advanced 4NP process node suggests that TSMC's struggles with its more advanced nodes are giving Intel an opportunity to gain market share in the AI chip industry.
The winning numbers for a Mega Millions lottery prize worth nearly $1 billion will be drawn on Friday night, offering a chance of sudden riches to one lucky player.
Bitcoin (BTC) has rebounded after a drop, reaching a high of $68,120.08, but has not yet fully recovered to its previous week's price, with recent events causing volatility in the market and leading to significant withdrawals from Bitcoin ETFs.
The Federal Reserve affirms its forecast of three rate cuts this year, with Fed Chair Jay Powell emphasizing that inflation moving towards the 2% target remains their goal.
Phased retirement, which allows near-retirees to reduce their workload and stress while still earning income and maintaining workplace connections, is a win-win option for both employees and businesses, offering flexibility and knowledge retention.
The Ford Ranger Raptor is a highly capable off-road truck that is surprisingly fun to drive and offers an exhilarating experience for those who enjoy off-roading adventures.
Korean Air has chosen Airbus over Boeing to order 33 A350 wide-body jets in a $14 billion deal, in an effort to streamline its fleet ahead of a merger with Asiana Airlines and prepare for future growth.
Tesla CEO Elon Musk recently revealed that he uses prescription ketamine, a medical treatment for depression and other mental health issues.
The recent uptick in productivity in the US, driven by stronger economic growth and investment in basic equipment, is great news for the economy and may lead to a productivity boom, benefiting businesses, workers, and households.
A Texas man was arrested for sneaking onto a Delta Air Lines flight by photographing and using a minor's boarding pass, resulting in a felony charge and suspicions from flight attendants.
BMW's new concept car, the Vision Neue Klasse X, showcases the brand's radical new design philosophy and commitment to electric vehicles, with a modern yet familiar appearance and a focus on sustainability and efficiency.
