Topline A growing list of companies across virtually every industry have cut ties with Russia over its unprovoked invasion of Ukraine, but some household names are trying to continue with business as ...
Tag: Business
JD.com Stock Falls After Earnings Top Estimates but Revenue Growth Slows
Text size A JD.com distribution center in Beijing. Greg Baker/AFP via Getty Images Shares of JD.com fell in premarket trading Thursday after the Chinese e-commerce giant reported fourth-quarter earnin...
Pandemic leads crypto entrepreneur to new business headquarters
Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities i...
Should You Buy the Grayscale Bitcoin Trust Fund? It’s on Sale—and That Could Be a Trap.
In closed-end funds, anything trading around 70 cents on the dollar might seem too good to pass up. Investors can get that kind of bargain now in the Grayscale Bitcoin Trust . But this may be a case w...
MLB cancels more games, pushing Opening Day to April 14
Major League Baseball Commissioner Rob Manfred answers questions during an MLB owner’s meeting at the Waldorf Astoria on February 10, 2022 in Orlando, Florida. Manfred addressed the ongoing lock...
Judge orders Walmart to rehire worker with Down syndrome
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press |...
Three more Starbucks locations in Buffalo vote in favor of union
The Starbucks Workers United hub in Buffalo on November 16, 2021. Libby March | The Washington Post | Getty Images Three more Starbucks locations in the Buffalo, New York, area have voted in support o...
Biden restores California ability to set its own auto pollution rules
Cars make their way toward downtown L.A. during the morning commute on April 22, 2021 in Los Angeles, California. Mario Tama | Getty Images The Biden administration is restoring California’s aut...
Gas prices are spiking — don’t expect sales of electric vehicles to follow
High gas prices are displayed at a Shell station on March 7, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Consumers hoping to switch to an all-electric or more fuel-e...
Disney CEO says company opposes ‘Don’t Say Gay’ bill in Florida
A view of Mickey Mouse at the Walt Disney World theme park entrance in Lake Buena Vista, Florida. Octavio Jones | Getty Images The Walt Disney Company is now publicly opposing Florida’s controve...
Impossible Foods sues start-up Motif FoodWorks for patent infringement
A customer picks up a package of Impossible Burger plant based meat during the Impossible Foods Inc. grocery store product launch at Gelson’s Markets in Los Angeles, California, U.S., on Friday,...
NYC Health Commissioner Chokshi says Covid pandemic has left U.S. with new epidemic of loneliness
Dr. Dave Chokshi is the Commissioner of New York City’s Department of Health & Mental Hygiene. As another Covid-19 wave recedes across the country, the full toll of the pandemic on our emoti...
HKEX Will Place Daniel Sonder as Its Co-Head of Emerging Business Development
HKEX announced that it will place Daniel Sonder as its Co-Head of Emerging Business Development, effective from May 2022. According to a press release shared with Finance Magnates, Daniel Sonder, an e...
Volkswagen unveils new electric ID. Buzz microbus
Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automa...
Amazon, Netflix, Bumble and more
Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Bumble — Shares of the online dating company surged more than 43% in midday tradi...
McDonald’s Russian shutdown will cost fast-food chain $50 million a month
A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month unt...
FTX floats institutional business, recruits former Coinbase executive
advertisement FTX, the crypto exchange founded by Sam Bankman-Fried, has launched a new business geared towards institutional clients to meet Wall Street’s growing interest in digital assets. Th...
American consumer still healthy, but lower-income shoppers at risk
Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still he...
Stitch Fix stock hits all-time low as future growth in doubt
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloombe...
Britain impounds private jet with suspected links to Russian oligarch
Aerial photograph of the Norman Foster Hangars at Farnborough Airport, formerly known as the Royal Aircraft Establishment. David Goddard | Getty Images News | Getty Images LONDON — The U.K. said on We...
Campbell Soup, Express, Thor Industries and others
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in l...
Aaron Rodgers says he is returning to the Green Bay Packers
Quarterback Aaron Rodgers #12 of the Green Bay Packers walks off the field during the second half of the NFL game at State Farm Stadium on October 28, 2021 in Glendale, Arizona. Christian Petersen | G...
Stitch Fix shares plummet after company cuts guidance for the year
The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earnin...
Coca-Cola follows McDonald’s, Starbucks in suspending business in Russia
Bottles of Coca Cola products are displayed in a cooler at Colonial Liquors on February 10, 2022 in Corte Madera, California. Justin Sullivan | Getty Images Coca-Cola on Tuesday said it was suspending...
Starbucks suspends all business in Russia as Putin’s forces attack Ukraine
A person wearing a protective mask enters a Starbucks coffee shop in San Francisco, California, U.S., on Thursday, Jan. 21, 2021. David Paul Morris | Bloomberg | Getty Images Starbucks is suspending a...
Chevron, Caterpillar, SunPower and more
A sign is posted in front of a Chevron gas station on July 31, 2020 in Novato, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Shell — Shares of ...
Google’s $5.4 billion deal for Mandiant could have ‘a major ripple impact’ within cybersecurity
Alphabet Inc. plans to acquire Mandiant Inc. for roughly $5.4 billion in a deal that could unleash a long-awaited consolidation across the cybersecurity industry. The Google parent company announced T...