Your partner orders a certain cabernet for $40 that he thinks will be worth $400 in the future and wants to start…
Stocks
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Key takeaways Uber drivers and other gig economy workers could legally be classified as employees under a new Department of Labor rule…
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Key takeaways General Electric Co. (GE) is expected to post sharp year-over-year (YOY) declines in net income, revenue and diluted EPS when…
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Key takeaways The S&P 500 jumped 1.2% on Friday, January 19, 2024, and a rally in the technology sector helped the benchmark…
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KEY TAKEAWAYS Verizon’s fourth-quarter earnings likely fell by a third, not including a planned one-time charge. The company likely added the most…
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NewsStocks
Apple could give rivals access to its Apple Pay technology to address EU competition concerns
Key takeaways Apple proposed allowing third parties to use its Apple Pay technology in the European Union to address regulators’ competition concerns.…
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Key takeaways Procter & Gamble is expected to post a 4% increase in revenue for the second quarter, but net income is…
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NewsStocks
Ally Financial Stock Jumps More Than 10% After Strong Q4 Results, Dealing with Synchronicity
Key takeaways Ally Financial reported strong fourth-quarter results and announced a deal with Synchrony Financial. Ally’s earnings per share (EPS) and revenue…
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Key takeaways Shares of iRobot Corp. fell nearly 30% on Friday after it was reported that Amazon.com Inc.’s acquisition of the company…
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Key takeaways The S&P 500 traded above its all-time closing high at midday on Friday, January 19, 2024, as US stocks advanced…
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Key takeaways Travelers Companies saw a 101% increase in core income as premiums and investment income increased while catastrophe insurance payouts decreased.…
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Key takeaways Wayfair is laying off 1,650 employees or about 13% of its workforce and 19% of its corporate team as it…
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Key takeaways Ford is reducing production of its F-150 Lightning electric pickup truck as demand for electric vehicles (EVs) slows. The automaker…
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Key takeaways The retailer plans to cut approximately 2,350 jobs and close five stores in an effort to streamline costs and curb…
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Key takeaways Wendy’s named PepsiCo executive Kirk Tanner as its next CEO, effective Feb. 5, replacing Todd Penegor, who has led Wendy’s…