Call for antitrust investigation
Four Democratic lawmakers, including Sen. Elizabeth Warren (D-MA), have called for an inquiry into the alleged anticompetitive actions of the Warner Bros. Discovery (NASDAQ: WBD) deal. The merger between AT&T's W...
McDonald's layoff
McDonald's recent decision to lay off hundreds of corporate employees has come as a surprise to many, given the company's impressive financial performance in 2022.
According to documents obtained by NPR, the fast food giant saw an...
Board shake-up sends Cano Health shares soaring
Cano Health, a leading value-based primary care provider and population health company, has experienced a few days of volatile trading. Here's what you need to know.
Board members resign, sparking sha...
Disney to cut jobs and costs internationally
According to inside and outside sources, Disney is expected to make redundancies and budget cuts soon, with plans currently being finalized.
Disney+ employs around 5,000 people globally, with 40% based i...
Investigation into financial product
Massachusetts authorities are investigating Citizens Financial (NYSE:CFG) over the sale of financial products by its subsidiary, Citizens Securities, which includes Colorado Bankers Life Insurance (CBL).
The ong...
Social Network Update
Twitter is shaking things up with its latest push for paid subscriptions. Starting April 15th, only paid subscribers' tweets will be promoted, and non-subscribers will not be allowed to v...
First Citizens Bank cements position as major player in US banking with Silicon Valley Bank takeover
Deal betyween banks
First Citizens Bank, shortly FCB, has recently made headlines with its announcement of the acquisition of Silicon Valley Bank's US operations, following the bank's collapse.
This deal...
Stores of the sport clothes
Foot Locker, the popular sports apparel and footwear retailer, recently announced its decision to shut down more than 400 under-performing stores located in shopping malls over the text three years. This is...
Exploring the valuable assets held by Signature Bank in the US
The recent collapse of Signature Bank (SB) has resulted in its acquisition by New York Community Bancorp (NYCB), making it the 3rd largest bank failure in US history with asset...
Kohl's reinvents itself
Kohl's has faced a challenging year and survived by reinventing itself. In addition to introducing gender-neutral clothing and clothing for the differently-abled, Kohl's has created a Discover Kohl's section that focuses on f...
After the close of trading
On Friday, the US stock market experienced a fall, with negative dynamics from the financial, industrial, and commodity sectors.
The Dow Jones dropped by 1.07% to reach a three-month low, while the S&P 500 and NASDAQ ...
Oracle's Cloud Revenue Soars by 45% But Fails to Meet Expectations - Shares Drop in Extended Trading
Oracle report and shares
Oracle Corp. has reported its fiscal third-quarter revenue, which increased by 18% to $12.4 billion, a figure that is just shy of analysts' average estimate of $12.41 billion.
The company's cloud revenue segment, which it h...
The latest romantic comedy from Apple TV+
Looking for your next must-watch romantic drama? Look no further than Ghosted, the upcoming film set to premiere on Apple TV+. With its star-studded cast and promising...
Friday trading result
The US stock market ended Friday's trading mixed, with the consumer goods, telecoms and utilities sectors strengthening.
At the close of trading on the New York Stock Exchange the Dow Jones&n...
Partnership with Twitter
More than half of the advertisers partnering with Twitter have suspended their work with the company due to disagreement with the policies of its owner Elon Musk. This was reported by CNN on Monday.
Some 625 companies, incl...
Citi Mexico unit to be sold
Citigroup is close to completing a deal to sell its Mexico unit. The Financial Times reported this on Monday, specifying that the deal could be worth between $6bn and $8bn.
According to the newspaper, billionaire Germ&aa...
Bill.com and its shares
Shares of Bill.com Holdings (NYSE: BILL) have suffered badly over the past year. The leader in financial automation software has lost more than 60% of its value, even as it is growing rapidly.
The company believes it has a b...
US stock market
US stock indices fell for the third consecutive week in early trading on Friday. Since the start of the week, the Dow Jones has lost 1.1%, the S&P 500 2% and the Nasdaq Composite 2.7%.
However, at the end of trading, the Dow Jon...
Staff cuts at Disney
The Walt Disney Company will reorganise into three divisions and cut 7,000 employees. The company's CEO, Robert Allen Iger, made the announcement on Wednesday during a conference call with investors, Bloomberg reported.
Accordi...
Stock market on Wednesday
US stock indices are down in early trading on Wednesday as traders assess corporate news and wait for new signals from Federal Reserve (Fed) executives, whose speeches are scheduled for the day.
The Dow Jones Industrial Av...
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