Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp. David Paul Morris | Bloomberg | Getty Images Paramount Global and former CBS chief Les Moonves agreed to make addit...
Tag: Business
Tupperware stock craters after company warns its debt burden may force it out of business
Tupperware Brands Corp. stock tumbled 41% Wednesday, after the maker of food storage products missed third-quarter earnings expectations, warned it may go out of business, and conceded that some of it...
WWE ends investigation into alleged misconduct by Vince McMahon
World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had disbanded. “The Special Committee inves...
Boeing forecasts jump in aircraft deliveries, up to $5 billion in free cash flow next year
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Was...
Luminar lidar production begins ahead of schedule
Luminar showcased the first passenger vehicle, a Toyota RAV4, fully integrated with the company’s Iris lidar, which is on-track for series production with its partners starting in late 2022. Lum...
Roku, Qualcomm, Etsy and more
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | R...
American Airlines pilots’ union rejects new contract proposal
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines pilots’ union on Wednesday said its board of directors rejected a tentative ag...
‘Am I being ripped off?’ I moved into my husband’s home. I pay for groceries. The rental income from my apartment goes into our joint savings.
I read one of your previous columns regarding the boyfriend who wants the letter writer to move in. My case is similar, but we have already made a decision on how to structure our finances as they rel...
Dan Snyder hires Bank of America
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at Fe...
Powell Raises Rate by 75 bps; Dow Jones Plunges; Top Energy Stock Nears Buy Point Before Earnings| Investor’s Business Daily
The Dow Jones Industrial Average plunged over 500 points to close a volatile day as the market reacted to Fed Chair Jerome Powell 75 bps rate hike at 2 pm ET. The blue chip index rose 1% immediately ...
Ferrari (RACE) Q3 2022 earnings beat estimates, automaker raises guidance
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its gui...
TV revenue falls, shares sink
Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its...
Endava Releases State of the Industry Payments Report; Data Shows Organizations Rethinking Conventional Business Processes and Practices
Report reveals the top focuses for companies in the next year are strengthening security, digitizing payments, and improving usage of analytics LONDON–(BUSINESS WIRE)–Endava (NYSE: DAVA), a global pro...
Here’s the key change in the Fed’s statement that’s moving markets
The Fed introduced a key change to its policy statement on Wednesday, which Wall Street traders are interpreting as a sign that the central bank could soon slow its rake hikes. Notably, the statement ...
Bed Bath & Beyond’s chief customer and technology officer resigns
A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Bed Bath & Beyond’s chief customer officer, Rafeh Masood, ha...
SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat
SoFi Technologies was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. SoFi (ticker: SOFI), the financial-technology company, reported third-quar...
Yum Brands (YUM) Q3 2022 earnings
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Image...
Serena Williams, Justin Timberlake invest in Tiger Woods’ new venture
Co-founders Tiger Woods, Rory McIlroy and Founder, CEO Mike McCarley Courtesy: TMRWSports Tiger Woods’ and Rory McIlroy’s new sports startup — which is already planning a new golf league —...
EV battery firm Britishvolt averts immediate collapse with short-term funding
Charging points for electric vehicles in London, England. Jon Challicom | Moment | Getty Images LONDON — U.K.-based electric vehicle battery firm Britishvolt said Wednesday it had secured short-term f...
CVS, Estee lauder, Canada Goose and others
Check out the companies making headlines before the bell: CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also ...
These 8 stocks can withstand the Fed’s tightening cycle
CNBC’s Jim Cramer on Tuesday offered investors a list of stocks that he thinks will weather the market turbulence ahead. Here are his picks: Constellation Brands Eli Lilly Mondelez Kraft Kellogg...
Voya to buy Benefitfocus in $570 million deal, Benefitfocus stock skyrockets
Benefits manager Voya Financial VOYA, +0.22% on Tuesday said it agreed to acquire Benefitfocus BNFT, -0.85%, a cloud-based benefits administration tech platform, in a $570 million deal. Shares of Bene...
Amazon Freezes Hiring Levels in Profitable Advertising Business
(Bloomberg) — Amazon.com Inc. is freezing staffing levels in its profitable advertising business, according to a person familiar with the matter, showing that the world’s largest e-commerce comp...
Opinion: Oil companies can’t just ‘drill baby drill’ at will. Here’s what it really takes to ramp up energy production.
As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after permits are a...
SoFi stock gives back its post-earnings gains, with one analyst highlighting its ‘polarizing’ nature
SoFi Technologies Inc. is a “polarizing” stock, according to a Keefe, Bruyette & Woods analyst, and that can perhaps be seen in its recent price movement. The stock was up as much as 18.9% Tuesday...