Weight Watchers suffers a setback as Oprah Winfrey, its influential board member and shareholder, announces her departure amidst the company's struggle to compete against weight-loss drugs, with shares dropping by 27%, and a net loss of $88.1m in Q4 of 2023.
Family Dollar has pleaded guilty to operating a warehouse infested with rodents, resulting in a $42 million fine, the largest criminal penalty in a food safety case, after an inspection by the FDA found both live and dead rodents as well as rodent feces and urine.
New York City is considering implementing a plan to turn all of Manhattan south of Central Park into a toll zone, with drivers paying a congestion fee of at least $15, in an effort to reduce traffic, air pollution, and generate revenue for the city's mass transit system, but the plan faces opposition from various groups and potential exemptions may dilute its effectiveness.
Equities in Asia rose alongside US stock futures as investors awaited the Federal Reserve's key inflation metric and Bitcoin reached a new high above $61,000.
Consumer rights groups in the European Union are filing complaints against Meta's ad-free subscription model, which requires users to agree to be tracked and profiled or pay a fee, arguing that the choice is not free, specific, informed, or unambiguous and violates GDPR principles.
Anheuser-Busch has reached a tentative agreement with the Teamsters union, avoiding a strike and securing job security, wage increases, and other benefits for its 5,000 employees at all 12 U.S. locations.
C3.AI's stock soars after the company reports better-than-expected quarterly results, showcasing the market's growing interest in adopting AI.
Consumers are generally reluctant to accept dynamic pricing in fast-food restaurants, as seen in the backlash against Wendy's reported plans to increase prices during peak hours, revealing the limitations of price fluctuations in different industries and their effects on consumer behavior.
The Teamsters and Anheuser-Busch have reached a tentative agreement on a contract that includes significant wage gains and job security protections, potentially avoiding a strike by 5,000 union members across the country.
Nvidia's impressive financial growth, justified valuation, and position as a leader in the AI industry make it a strong buy, with potential for continued outperformance in the stock market.
Apple Inc. is reportedly shelving its electric-car project and reallocating engineers to work on AI, sparking speculation about the integration of artificial intelligence into Apple products and the possibility of developing its own generative AI, similar to ChatGPT.
Disney and Mukesh Ambani's Reliance Industries have formed a joint venture in India, combining their digital streaming platforms and TV channels to create a new media giant targeting a domestic audience of more than 750 million people.
Salesforce CEO Marc Benioff criticized the AI industry for data theft, accuracy problems, and high-profile failures, ultimately boosting Salesforce's stock with a sales call that highlighted the benefits of their AI products.
The Powerball jackpot for Wednesday's drawing is now worth an estimated $412 million, after no winner in Monday's drawing, with the winning numbers for Wednesday, Feb. 28 being 16, 26, 29, 38, and 50, with a Powerball of 6.
The US FDA has announced that certain types of "forever" chemicals called per- and polyfluoroalkyl substances (PFAS), which are used in food packaging, will no longer be used due to their potential health risks and persistence in the environment.
Alphabet faced backlash and took its generative AI project, Gemini, offline due to its inability to create images of white people, but this setback is unlikely to have a significant impact on the company's overall business, presenting a buying opportunity for investors as Alphabet has strong financials and is expected to rebound.
Apple spent over $10 billion and a decade working on the Apple Car project, which ultimately failed due to the company's inability to develop the necessary software and algorithms for autonomous driving. The project had multiple leaders and faced challenges in cost, competition, and finding the right direction. The more than 2,000 employees involved in the project will be redistributed to other teams at Apple.
California's fast food law, which requires major chains to pay workers a minimum of $20 an hour, exempted Panera Bread and other similar establishments due to Governor Newsom's relationship with billionaire franchisee Greg Flynn, sparking calls for an investigation into the deal.
Burger King is offering a promotion of a free Whopper or Impossible Whopper with a $3 purchase in response to competitor Wendy's plans to implement dynamic pricing.
The FDA announced that companies will phase out the use of "forever chemicals" in food packaging, eliminating a major source of dietary exposure to PFAS.
Anheuser-Busch and the Teamsters union have reached a tentative contract agreement, averting a strike, with members receiving an immediate $4 an hour raise and an average pay increase of 23% over the life of the contract.
Paramount Global plans to focus on profitability and creating shareholder value by making aggressive changes to its strategy, including cutting back on the production of local-language content and investing more in Hollywood hits.
Snowflake's CEO, Frank Slootman, has stepped down from his position, causing investor concern and a 20% drop in the company's stock; however, the transition to new CEO Sridhar Ramaswamy suggests the company's focus on leveraging artificial intelligence for future growth in the AI market.
Snowflake Inc. experienced a significant drop in share value as a result of a weak sales forecast and the departure of CEO Frank Slootman, with Sridhar Ramaswamy taking over the CEO role and focusing on AI to reinvigorate the company.
A passenger who was charged £165 by Ryanair to check in at the airport does not regret taking on the airline despite losing the dispute, stating that he felt wronged and would have been happier with an apology and a discount on his next flight.
Snowflake CEO Frank Slootman has announced his retirement, contradicting his previous denial of rumors, causing a 20% drop in the company's stock.
Paramount is prioritizing reducing programming costs and producing content more efficiently across film, TV, and streaming, while focusing on offshore production for global franchises and scaling back locally-produced programming.
Salesforce's stock buyback expansion and new dividend announcement were overshadowed by a below-estimated annual revenue forecast, indicating a potential slowdown in cloud and tech spending due to high interest rates and rising inflation.
AMC Theatres reported better-than-expected fourth-quarter revenue of $1.10 billion, driven by the success of concert movies featuring Taylor Swift and Beyoncé, despite a decline in overall box office performance.
Electronic Arts is laying off approximately 670 employees, focusing on owned IP, sports, and online communities, as the company shifts away from developing future licensed IP that it believes will not be successful in the changing industry.
Marathon Digital Holdings Inc., a bitcoin-mining company, swung to a profit in the fiscal fourth quarter, resulting in a 6.7% drop in its stock despite a 74% increase in the past month and 151% in the past three months.
Salesforce's stock slides after posting strong quarterly results and announcing a $10 billion buyback and dividend, but disappointing guidance for the January 2025 fiscal year.
Paramount Global is expected to incur a $1 billion charge in the first quarter due to programming shifts and layoffs, as it aims to enhance its future value proposition and streamline its workforce.
Chemicals once used in food packaging in the US, including pizza boxes and microwave popcorn bags, have been phased out due to potential health risks associated with per- and polyfluoroalkyl substances (PFAS), which are linked to cancer, birth defects, and immune system suppression.
Salesforce reported fourth-quarter earnings and revenue that slightly exceeded expectations due to cost-cutting, but their revenue guidance for fiscal 2025 fell short of estimates, resulting in a drop in Salesforce stock.
Paramount Global expects to reach profitability for Paramount+ domestically in 2025, citing increases in viewer engagement, reduced churn, and a subscription price increase as factors contributing to future profitability, according to CEO Bob Bakish.
EA has announced a major company shake-up resulting in 5% of its workforce being laid off, including the cancellation of Respawn's Star Wars FPS, as part of a focus on owned brands and existing games and a shift towards large open-world and live service games.
Frank Slootman, CEO of Snowflake, is stepping down and will become chairman of the board, causing the company's stock price to drop over 20% in after-hours trading, while Sridhar Ramaswamy, former head of Google Ads, will take over as chief executive.
Apple's secretive car project, Project Titan, has officially ended after a decade of speculation and multiple pivots, highlighting the tech giant's struggle to define its goals in the EV and AV industries.
New York Attorney General Letitia James is suing JBS Foods, accusing the major beef producer of misleading the public about the environmental impact of its products.
Restaurants and food chains are offering special discounts and deals on February 29th, known as leap day, to celebrate the once-every-four-years occasion.
AMC Entertainment reported better-than-expected revenue and a narrower-than-expected loss in its Q4 results, driven by the success of Taylor Swift and Beyoncé's concert films.
US burger chain Wendy's denies plans to raise prices during busy periods, clarifying that digital menu displays are meant to provide more flexibility and promote discounts during slow periods, after accusations of "price gouging" and backlash from customers and politicians.
Gemini Earn customers will receive their locked-up holdings of potentially over $1.1 billion after Genesis Global Capital's bankruptcy case concludes, with Gemini committing to ensure 100% recovery for customers.
C3.ai Inc (NYSE:AI) reports a strong financial performance in Q3 fiscal 2024, with a total revenue of $78.4 million, an 18% increase year-over-year, driven by increased customer engagement and a successful transition to a subscription-based model. Despite a net loss, the company's robust cash reserves and diverse customer base position it well for future growth in the enterprise AI market.
Tesla has announced that the Tesla Roadster, originally unveiled in 2017, will finally go into production and be released in 2025.
A major donor to California Gov. Gavin Newsom, billionaire Greg Flynn, is expected to benefit from an exemption to the state's new minimum wage regulations for the fast food industry, allowing his Panera Bread franchise locations to continue paying lower wages.
Investing in 10 carefully selected growth stocks recommended by Fool.com contributor Parkev Tatevosian has the potential to increase long-term wealth.
Chrysler is recalling over 338,000 Jeep Grand Cherokees due to a steering wheel issue that could cause drivers to lose control of their vehicles, with vehicles in the U.S., Canada, Mexico, and other markets affected, and plans to launch the recall in the second quarter of 2024.
Electronic Arts (EA) plans to lay off approximately 5% of its global staff, shift away from the development of future licensed intellectual property (IP), and focus on its own franchises, sports offerings, and massive online communities.