-
Wells Fargo to Ditch Climate Coalition
Wells Fargo has joined an expanding list of corporate banks to exit the Net-Zero Banking Alliance and their climate initiatives, Bloomberg first reported on Friday.
-
Amazon Expects No Disruptions From Strike
A US strike targeting Amazon in the peak festive period extended into a second day Friday as the retail behemoth said the labor action would not affect its business.
-
Big Lots Conducts Going-Out-of-Business Sales
Discount chain Big Lots is conducting going--out-of-business sales at its remaining locations after a sale of the company didn't materialize.
-
Potential TikTok Bidder Frank McCourt Seeks a CEO
U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok's business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters.
-
Starbucks Workers Begin Strikes That Could Spread to Hundreds of US Stores
Workers at Starbucks stores began a five-day strike Friday to protest lack of progress in contract negotiations with the company.
-
Can Nissan SURVIVE the Next 14 Months Without Going Bankrupt?
Nissan is on the brink of collapse. Things aren't looking good at Nissan from our perspective either. Executives said the company has "12 to 14 months to survive." Dealers are selling cars at a loss, production has slowed, and more recently, the company cut thousands of...
-
US Watchdog Sues Tops Banks for Allowing Fraud on Zelle
The U.S. Consumer Financial Protection Bureau said Friday it had filed a lawsuit against JPMorgan Chase, Bank of America, and Wells Fargo for failing to protect consumers from "widespread fraud" on payments platform Zelle.
-
Nike Goes Back to Basics as Investors Cool Their Heels
New Nike CEO Elliott Hill's plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries Friday, but Wall Street initially was taking a wait-and-see approach to the promised comeback.
-
Trump Moves All His Shares of Trump Media Into Trust
President-elect Donald Trump has transferred his roughly 115 million shares in Trump Media & Technology Group, the parent company of Truth Social, into a trust controlled by his oldest son, Donald Trump Jr., according to a Securities and Exchange Commission filing.
-
Tesla Recalls 700K Vehicles Over Tire Pressure Monitor
Tesla said Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system.
-
Novo Nordisk Declines 19% on Obesity Drug Results
Novo Nordisk said Friday its experimental next-generation obesity drug CagriSema helped overweight patients cut their weight by 22.7% in a late-stage trial, below the 25% it had expected, sending its shares down sharply.
-
US Steel Forecasts Q4 Surprise Loss
United States Steel Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5% in aftermarket trading.
-
Amazon to Improve Worker Safety to Settle US Probe
Amazon.com will implement new safety measures at all of its U.S. facilities to settle a federal agency's claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said Thursday.
-
Nike Posts Smaller-Than-Expected Q2 Fall in Sales
Nike posted a smaller-than-expected drop in second-quarter revenue on Thursday, as the embattled sportswear brand's release of newer versions of performance and running shoes drew customers to its stores and website.
-
Pentagon Says Dronebuster Could Be Used at Bases
The Pentagon says it will arm two military bases in New Jersey with counter-drone technology after multiple drone sightings, with the Dronebuster, technology that cuts the unmanned aircraft's signals, mentioned by name.
-
Amazon Workers Strike in US Ahead of Christmas Rush
Workers at seven Amazon facilities went on strike Thursday, an effort by the Teamsters union to pressure the e-commerce company for a labor agreement during a key shopping period.
The Teamsters said the workers, who voted to authorize strikes in recent days, joined picket...
-
SpaceX to Launch More Private Astronaut Missions to ISS
Elon Musk's SpaceX is planning to fly private crew missions to the International Space Station in partnership with a Calfornia-based startup, the two companies said Thursday.
-
Bezos, Trump Dine at Mar-a-Lago; Musk Joins
Amazon founder Jeff Bezos and his fiancée Lauren Sánchez joined President-elect Donald Trump for dinner at his Mar-a-Lago estate in Florida Wednesday night.
-
US Asks Nvidia, Super Micro How China Got Chips
The U.S. Department of Commerce recently asked Nvidia to look into how the company's products ended up being smuggled into China over the past year, the Information reported Thursday.
-
Nissan Rolls Back DEI Initiatives Amid Conservative Pressure
Another major company reportedly has rolled back diversity, equity, and inclusion (DEI) initiatives amid growing pressure to do so from conservative activists.
-
Accenture Beats Quarterly Revenue Estimates
IT service provider Accenture beat Wall Street estimates for first-quarter revenue on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools.
-
Investors Call On Macy's to Hive Off Real Estate Properties
Macy's is under pressure from investors to "[c]reate a separate internal real estate subsidiary to optimize asset optionality."
-
US Accuses CVS of Billing Govt for Illegal Opioid Prescriptions
The U.S. Department of Justice Wednesday announced a lawsuit accusing CVS of filling and billing federal health insurance programs for illegal opioid prescriptions, contributing to a nationwide epidemic of opioid addiction and overdose.The newly unsealed complaint in...
-
Honda & Nissan on the Brink of a MASSIVE Merger?
Nissan Motor Co. and Honda Motor Co. announced Wednesday the two companies have signed a memorandum of understanding under which they will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence.
-
Supreme Court to Weigh Case on Possible TikTok Ban
The Supreme Court on Wednesday said it will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the United States if its Chinese parent company doesn't sell it.