[ad_1] With Donald Trump’s legal liabilities growing and a presidential campaign to run, losing control of his company couldn’t have come at a worse time. After a New York judge ordered the Trump Organization to pay $364 million in penalties and barred the former president from any role in running a business in New York […]
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[ad_1] Etsy Inc., once known as a quirky marketplace for handmade, artisanal and vintage items, seems to be moving further away from its origins amid a much tougher e-commerce landscape and the impact of AI. Etsy ETSY, +4.83% will be marketing to a whole new audience on Sunday, when its first Super Bowl commercial will […]
[ad_1] Tesco on Friday said it was selling the retailing banking business of Tesco Bank to Barclays for £600 million initially, and then another £100 million after the settlement of certain regulatory capital amounts and after transaction costs. The U.K. supermarket chain said it will use majority of a combined £1 billion, which also includes […]
[ad_1] By Joe Hoppe British American Tobacco said it swung to a pretax loss, driven by a previously reported write-down of its U.S. cigarette brands, but backed forecasts for growth in 2024. The FTSE 100 cigarette maker–which houses the Kent, Dunhill and Lucky Strike brands–said pretax loss for 2023 was 17.06 billion pounds ($21.54 billion) […]
[ad_1] Toy maker Mattel Inc. on Wednesday reported fourth-quarter results that missed expectations, with the company saying it plans to cut costs this year while continuing to buy back stock. The cost cuts would follow layoffs by rival Hasbro Inc. HAS, +1.34% amid a slowdown in demand for toys. They also come as other companies […]
[ad_1] Walt Disney Co.’s ESPN, Fox Corp. and Warner Bros. Discovery Inc. are teaming to create a joint sports streaming service. The as-yet unnamed service, which could be available as early as the fall and offer a sort of Hulu model for sports, comes amid an explosion in sports-streaming rights and audiences. The service would […]
[ad_1] Small businesses in sectors like software and manufacturing are panicking over the expiration of a critical tax deduction that they say could lead to mass layoffs and business closures, unless Congress acts quickly to amend the law. “This is a life-and-death scenario for small software companies,” Michelle Hansen, co-founder of the geocoding company Geocodio, […]
[ad_1] McDonald’s Corp.’s stock fell 1.3% in premarket trading on Monday after the fast-food giant missed Wall Street analysts’ estimates for revenue and same-store sales, while citing an impact from war in the Middle East. The global fast-food giant said it expects “macro challenges” to persist in 2024. McDonald’s MCD, -0.35% said its fourth-quarter net […]
[ad_1] While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays on target. Such […]
[ad_1] As the U.S. Federal Reserve’s three-year reign in the headlines potentially comes to an end, an analysis of this year’s market themes can offer valuable insights for predicting trends and ensuring attractive returns in 2024. Beyond the central bank’s actions, pivotal factors shaping the investment landscape this year include fiscal policies, election outcomes, interest […]
[ad_1] Mark Zuckerberg delighted Meta shareholders and Wall Street this week with news of the social media giant’s first-ever dividend. The IRS may also be happy, now that it’s staring at millions in taxes on the Meta stock dividends bound for Zuckerberg’s portfolio. Zuckerberg, the CEO of Meta Platforms Inc. META, +20.32%, is poised to […]
[ad_1] There’s a common belief that “overbought” is a technical condition for a stock, but in practice it seems to be more of an ability. Meta Platforms Inc.’s stock META, +20.32% soared so much Friday after a blowout earnings report, that some technical readings have reached levels not seen in 11 years. The stock rocketed […]
[ad_1] Former President Donald Trump on Friday criticized Federal Reserve Chair Jerome Powell and said he’s playing politics with interest-rate policy. “It looks to me like he’s trying to lower interest rates for the sake of maybe getting people elected,” Trump said, in an interview on the Fox Business Network. “I think he’s political,” added […]
[ad_1] Tesla Inc. will pay $1.5 million to settle a lawsuit filed earlier this week by 25 California counties accusing the electric-vehicle maker of mishandling hazardous waste. San Francisco District Attorney Brooke Jenkins announced the settlement late Thursday. “While electric vehicles may benefit the environment, the manufacturing and servicing of these vehicles still generates many […]
[ad_1] Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company. Etsy ETSY, +9.31% said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, […]
[ad_1] By Christian Moess Laursen Shell’s annual profits fell last year, although by less than the market had expected, as the European energy sector grapples with lower oil and gas prices and weaker refining margins. Still, the London-based energy giant said Thursday that it would buy back $3.5 billion in shares this quarter and hiked […]
[ad_1] Walt Disney Co.’s lawsuit against Florida’s Republican Gov. Ron DeSantis and others, alleging they retaliated against the company for publicly criticizing a controversial parents-rights education law backed by DeSantis, was dismissed by a federal judge on Wednesday. Shares of Disney DIS, -0.92% fell about 1% Monday. Judge Allen Winsor ruled Disney lacked legal standing […]
[ad_1] Google parent Alphabet Inc.’s stock was tumbling late Tuesday, as a rebound in digital advertising fell short of analysts’ lofty expectations. The search-engine powerhouse reported a jump in fourth-quarter sales, chiefly through advertising, but Alphabet’s shares GOOGL, -1.34% GOOG, -1.16% fell 4% in after-hours trading. Total revenue was $86.3 billion, up 13% from $76 […]
[ad_1] Flutter Entertainment, the parent company of FanDuel, started trading on the New York Stock Exchange for the first time Monday, as the company tries to narrow the valuation gap between it and rivals including DraftKings. Flutter said Monday that it’s planning to make the New York Stock Exchange its primary listing and will put […]
