Parliamentarian MacDonough Will Approve The Schumer-Manchin Negotiated Drug Price Bill

I told you in July in Forbes.com that Majority Leader Chuck Schumer and Senator Joe Mancian could make a deal. And, that it would go to the key Elizabeth MacDonough, Senate Parliamentarian. And, after...

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Se...

Coca-Cola Phasing Out Green Sprite Bottles Over Environmental Concerns—Here’s Why

Topline Coca-Cola will discontinue Sprite’s iconic bottles made of green plastic next week, a move the company says will make the soda bottles easier to recycle, as government officials pressure food ...

Intel Gives Dour Forecast; CEO Says Third Quarter Is ‘Bottom’

(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger slashed sales and profit forecasts for the rest of the year, conceding that the struggling chipmaker needs more time to make its p...

The Numbers For Season 3 Of ‘Umbrella Academy’ Fell Way Short Of Season 2 On Netflix

The third season of ‘The Umbrella Academy’ greatly underperformed compared to Season 2, according to … [+] the Netflix Top 10 charts. Netflix Thanks to Netflix’sNFLX Top 10 charts, w...

Roku Swings to Second-Quarter Loss on Slower Ad Spending

Roku said it expected two of its main revenue drivers—advertising and sales of streaming hardware—to come under further pressure during the second half of the year, sending the company’s shares down 2...

Intel Posts Sharp Drop in Sales, Issues Muted Outlook

Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...

Making Sustainable Change – One Pair Of Pants At A Time

“The industry operates on trends and fashion weeks are a key part of every cycle. Despite some … [+] designers using Fashion Week as an opportunity to showcase new fabrics, innovations and susta...

Senate Climate Bill Is a Boon for Fossil Fuels

WASHINGTON—Senate Democrats are moving forward on the costliest and most ambitious effort ever by the U.S. to address climate change—powered in part by benefits for fossil fuels and the broader energy...

Safety Derwin James Jr. Is With The Los Angeles Chargers, But He’ll Be A Happy Camper With A New Deal

Los Angeles Chargers safeties Derwin James Jr., right, throws a ball as Nasir Adderley (24) looks on … [+] during the NFL team’s training camp, in Costa Mesa, Calif. James is skipping some...

Intel stock plummets after wide earnings miss, execution mistakes

Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a slowing market as well ...

Instagram Pauses On Some TikTok-Like Changes—For Now—After Complaints

Topline Instagram will temporarily pause some new changes to the social media platform that made it more like competitor TikTok, Instagram chief Adam Mosseri told journalist Casey Newton on Thursday, ...

Democrats Ready Carried-Interest Tax Hike After 15-Year Lobbying Campaign

Senate Democrats are poised to raise taxes on a key source of private-equity managers’ income, capping a 15-year quest to close what many lawmakers see as an egregious gap in the tax code. The tax inc...

Trump Claims ‘Nobody’s Gotten To The Bottom Of 9/11’ When Pressed On Ties To Saudi-Funded LIV Golf

Topline Former President Donald Trump offered a baffling response Thursday when pressed by ESPN about his involvement with the Saudi-funded LIV Golf venture, reversing his history of blaming the Saudi...

Occidental Petroleum Stock Eyes Buy Point As Earnings Near

Occidental Petroleum (OXY), a member of both the IBD 50 and IBD Big Cap 20, is running into resistance as it struggles to advance through a new consolidation pattern toward a buy point. Second-quarter...

USM.world ($RACA) Announces a Live Concert With 3 A-List Japanese Voice Actresses » NullTX

USM.world (Native Token: $RACA) recently announced on Twitter (@USMVerse) their first of many live concerts that will be held in partnership with Apollo Theater on August 5th at 12:00 UTC at the USM B...

For Olympic Skateboarder Jordyn Barratt, Dew Tour Marks First Contest Since Tokyo Games

DES MOINES, IOWA – MAY 20: Jordyn Barratt competes in the Women’s Park Open qualifier during the … [+] 2021 Dew Tour on on May 20, 2021 in Des Moines, Iowa. (Photo by Sean M. Haffey/...

DexCom stock drops 17% after company’s Q2 miss

DexCom Inc. DXCM, +1.39% shares fell nearly 17% in the extended session Thursday after the maker of glucose monitoring systems missed analyst expectations for its first quarter and tweaked higher its ...

Don’t Let Federal Government Enforce State Abortion Bans

Topline Attorneys from 15 major cities and localities—including New York and Chicago—urged the Biden Administration on Thursday to ensure federal agencies won’t help enforce state-level abortion bans,...

U.S. Bank workers opened fake accounts to meet sales goals, feds say

NEW YORK — For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau ...

Meta’s metaverse division lost $2.8 billion in Q2 2022

Meta reported losses of $2.8 billion for its metaverse-focused division, Reality Labs, as the firm missed on earnings and revenue for the second quarter. The tech giant’s shares dropped as much ...

Penn State Trademark Case Produces Potential Problems For Sport Teams And Merchandisers

5 Sep 1998: Penn State Nittany Lion fans hoist a flag up in the air during a game against the … [+] Southern Mississippi State Golden Eagles at the Beaver Stadium in State College, Pennsylvania....

‘This will be a trap’

It’s a trap! No, it’s not Admiral Ackbar, the alert, fish-headed alien from the original Star Wars movies, it’s Morgan Stanley’s chief investment officer Michael Wilson, who argued in an interview thi...

This Granola Brand Is A Social Media Sensation

Tom Bannister, founder of Tom’s Perfect 10. Credit: Tom’s Perfect 10 To say that advertising executive Tom Bannister likes granola is a massive understatement. What began as a casual appreciatio...

Amazon Stock Jumps As Revenue Tops Estimates

Amazon (AMZN) reported second-quarter results late Thursday that beat estimates on revenue but missed on earnings. Amazon stock jumped on the news. X The e-commerce giant reported an adjusted loss of ...

House Approves $280 Billion Bill To Boost Microchip Production And Counter China

Topline The House passed the “CHIPS plus” bill in a bipartisan vote Thursday, sending to President Joe Biden’s desk a $280 billion package designed to boost domestic microchip production and make the ...

Tribute To A Forbes Legend: Q.ai Founder Stephen Mathai-Davis

This story appears in the August/September 2022 issue of Forbes Magazine. Subscribe For over a century, Forbes has championed entrepreneurs, and that’s true internally, too. Those who have shaped and ...

Apple reports record revenue of $83B amid high inflation

Apple (AAPL) released its Q3 earnings on Thursday, beating analysts’ expectations with record revenue of $83 billion despite fears of rising inflation. Here are the most important numbers from t...

‘Sing 2’ Tops On Netflix As ‘Doctor Strange 2’ Plunges 57% On Disney+

‘Sing 2’ Universal While we don’t have hard data regarding PVOD, VOD, EST and physical media sales, I’d argue that Illumination’s Sing 2 was one of the most profitable theatrical releases ...

Pfizer Stock Dives As Covid-Driven Beat Doesn’t Translate In Guidance

Pfizer stock tumbled Thursday after delivering a second-quarter earnings beat almost entirely on the back of its Covid vaccine and antiviral pill. X The two products, Comirnaty and Paxlovid, brought i...

For The Cleveland Guardians’ Two Corey Kluber Trades, Timing Was Everything

While pitching for Cleveland from 2011 to 2019, pitcher Corey Kluber won two Cy Young awards, was a … [+] three-time all-star, and struck out more batters than any Cleveland pitchers but Bob Fel...

Roku’s stock plunges 28% on weak outlook, misses at top and bottom lines

Roku Inc.’s stock quickly plunged 28% in extended trading after the company offered paper-thin guidance and reported fiscal second-quarter results Thursday that fell short of Wall Street analysts’ for...