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American shares drop 5% on weak profit forecast after backfired sales plan, industry oversupply
July 25, 2024
American shares drop 5% on weak profit forecast after backfired sales plan, industry oversupply
shares shed more than 5% in premarket trading Thursday after the carrier slashed its profit forecast for the year after…
Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue
July 25, 2024
Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue
on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced…
GM slows its EV plans again even as sales grow
July 24, 2024
GM slows its EV plans again even as sales grow
DETROIT – General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second…
Lawmakers introduce bipartisan bill aiming to crack down on drug middlemen
July 24, 2024
Lawmakers introduce bipartisan bill aiming to crack down on drug middlemen
Bipartisan lawmakers introduced a new bill on Tuesday that aims to crack down on the business practices of drug supply…
June home sales slump, pointing to a buyer’s market as supply increases
July 24, 2024
June home sales slump, pointing to a buyer’s market as supply increases
Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted,…
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home
July 24, 2024
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home
After a yearlong search, Rana Robillard was elated to learn she’d beaten three other bidders for a house in the…
Flights grounded and passengers warned of delays amid global IT outage
July 20, 2024
Flights grounded and passengers warned of delays amid global IT outage
Several airlines halted flights on Friday, while others warned of delays and service disruptions as an unprecedented IT outage impacted…
Activist Elliott reportedly has a significant stake in Starbucks, in talks with management
July 20, 2024
Activist Elliott reportedly has a significant stake in Starbucks, in talks with management
Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to…
Citigroup tops expectations for profit strong Wall Street results
July 13, 2024
Citigroup tops expectations for profit strong Wall Street results
on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.Citigroup tops…
Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
July 9, 2024
Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round…