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After Fed's Meeting, the Focus Will Be on Jerome Powell: Live Business Updates The Federal Reserve meets in Washington on Wednesday, and while it is widely expected to leave interest rates near zero while continuing to buy about $120 billion in government-backed bonds each month, Chair Jerome H. Powell could stage an ...
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Apple's iPhone 12 May Have Delivered a Record $100 Billion Quarter On Wednesday, Apple is scheduled to release results for the three months that ended in December, its fiscal first quarter. Analysts surveyed by FactSet expect profit to have risen 8% to $24 billion and per-share earnings of $1.41.
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Coors wants to implant ads in your dreams—yes, really—in Super Bowl stunt The brand has partnered with psychologist and dream expert Deirdre Barrett to make use of so-called "targeted dream incubation" in an attempt to induce people into dreaming about imagery associated with the brand, like mountain streams, snow and ...
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Can Anything Stop GameStop? The company's stock has soared to scarcely believable levels — its market cap as of yesterday was $10 billion, and its shares briefly doubled in premarket trading today — thanks to an army of small traders spurred on by a Reddit message board.
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Vaccine dispute with AstraZeneca escalates as EU grapples with delays BRUSSELS (Reuters) - The European Union is asking AstraZeneca to publish the vaccine supply contract it signed with the bloc, an EU official said on Wednesday, amid frustration about delivery delays. FILE PHOTO: A vial and sryinge are seen in front of a ...
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Stocks Open Lower, With Tech Earnings in Focus U.S. stocks fell amid concerns about Covid-19 vaccine distribution and a investors parsed a bumper day of earnings reports. The broad S&P 500 index lost 1.3% and the Dow Jones Industrial Average fell 340 points, or 1.1%. The technology-heavy Nasdaq ...
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Orders for US Business Equipment Rise for an Eighth Month Core capital goods orders, which exclude aircraft and military hardware, rose 0.6% after an upwardly revised 1% advance in November, Commerce Department data showed Wednesday. The median forecast in a Bloomberg survey of economists called for a 0.5 ...
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BlackRock's Fink Says Companies, Governments Must Team Up on Climate Change BlackRock CEO is pushing companies to reach net-zero targets · The bulk of BlackRock's assets are held in passive index funds.
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Recycling in America Is a Mess. A New Bill Could Clean It Up. As programs shutter and plastic use rises in the pandemic, a New York bill to get manufacturers to pick up the recycling tab could offer a solution.
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LG Chem fourth-quarter profit misses expectations but positive on Tesla battery supplier SEOUL (Reuters) - South Korea's LG Chem Ltd fourth quarter 2020 profits missed expectations on Wednesday but the company expects surging revenue from its battery unit that supplies Tesla Inc to set the stage for a strong 2021. FILE PHOTO: The logo of ...
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Pizza Hut's Detroit style is crunchy and cheesy, but one expert says Motor City natives 'would be offended' Digging into a slab from a local pie shop recently brought me back to a childhood memory. I was suddenly 8 years old and staring in awe of a feast before me: a personal pan pizza from Pizza Hut, in a piping hot skillet, for me alone to devour — the pepperoni- ...
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Boeing Takes $6.5 Billion Charge on New Delay to 777X Jet Boeing Co. pushed back the debut of its 777X jetliner, citing the coronavirus pandemic and close regulatory scrutiny of the new plane, and said it would absorb a $6.5 billion pretax charge because of the delay. The first delivery of the behemoth 777X won't be ...
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GM partnership will put more electric long-haul trucks on American roads General Motors is joining the likes of other automakers such as Toyota in developing hydrogen fuel cell technology for long-haul trucking. GM is partnering with Navistar Inc. and hydrogen provider OneH2 to develop a complete zero-emissions long-haul truck ...
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Day-Trader Obsession With Hated Stocks Takes Over Options Market That's been accompanied by a "dramatic shift" in options activity toward heavily-shorted securities such as GameStop Corp., BlackBerry Ltd. and Palantir Technologies Inc., according to Barclays Plc analysts.
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Is AMC Entertainment Stock the New GameStop? If you enjoy action thriller movies, you may want to watch (but not necessarily own) AMC Entertainment Holdings (NYSE:AMC) right now. Shares of the multiplex operator are surging early on Wednesday, and it has a lot of the same ingredients that helped ...
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HBO Max accounts jump to 17.2 million after Wonder Woman 1984's debut Get the latest tech stories with CNET Daily News every weekday. Yes, I also want to receive the CNET Insider newsletter, keeping ...
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Toledo Jeep Fest plans return in 2021 Toledo Jeep Fest, scheduled to resume this year after being canceled last summer because of the coronavirus pandemic, will be as close to previous versions of the event as can be safely allowed, organizers say. "We're excited obviously, having had the ...
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US News Expands Best Loan Companies Ratings With Student Lender Category Launched in August 2020, Best Loan Companies Ratings is a five-star system to help consumers compare more than 70 lenders as they seek to conserve cash when buying a home, paying for emergency expenses or consolidating debt.
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FDA places all alcohol-based hand sanitizers from Mexico on 'import alert' MUST WATCH. Dr. Sanjay Gupta shows the proper way to wash your hands 00:50. (CNN) The US Food and Drug Administration has placed all alcohol-based hand sanitizers coming from Mexico on a countrywide "import alert" until it is able to review the ...
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US Man Sentenced to Prison for Embezzling $20M of ICO Investors' Funds Jerry Ji Guo, 33, was handed a six-month sentence by U.S. District Judge Beth Labson Freeman and ordered to pay nearly $4.4 million in restitution after he had pleaded guilty to initial coin offering (ICO) fraud.
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Newly released incident reports paint timeline of the fire that led to Tony Hsieh's death The spokesperson at the time said Hsieh died peacefully and surrounded by family. Dozens of tributes poured in on social media following the news, some calling Hsieh a "brilliant entrepreneur" and others praising his kindness and generosity.
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CBS has sold virtually all of its commercial time for the Super Bowl ViacomCBS could still let an advertiser in on the game if they make a great offer. Thirty-second spots on advertising's biggest night have been selling for $5.5 million or slightly higher.
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Abbott beats sales estimates as rapid diagnostics business now generates one-fourth of revenue It had adjusted earnings per share of $1.45, against a FactSet consensus of $1.35. Abbott's sales for the quarter were $10.7 billion, up from $8.3 billion in the fourth quarter of 2019. The FactSet consensus for sales was $9.9 billion.
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Insurer Anthem underwhelms Wall Street with 2021 forecast The Blue Cross-Blue Shield insurer said Wednesday that it expects adjusted annual earnings to be greater than $24.50 per share, counting hits it expects from the COVID-19 pandemic and a recently passed Congressional spending bill.
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Nintendo Sued by European Gamers Hampered by Broken Controllers BEUC said it filed a complaint with the European Union and national consumer protection organizations after evidence from users showed that in 88% of cases, "the game controllers broke within the first two years.".
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Microsoft (MSFT) at All-Time High After Blowout Quarter Mr. Softee posted a profit of $2.03 per share during the quarter, beating expectations by $0.62, while revenue grew 16.7% year over year to $43.08 billion, better than the $40.23 billion consensus. Third quarter revenue is now expected to exceed prior estimates ...
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Lime Plans to Add Moped-Sharing to Scooter and Bike Services Lime, whose official name is Neutron Holdings Inc., sees mopeds as a form of transportation that's more appropriate for travel distances of up to five miles, or for lugging around groceries. The company will launch first with 600 scooters in Washington in March, ...
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Levi's to offer exclusive home collection at Target "Strategic partnerships like our work with Levi's have long been a key part of Target's success, allowing us to offer our guests the very best national brands alongside our incredible assortment of owned brands," said Jill Sando, chief merchandising officer of style ...
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Goldman Sachs Cuts CEO's Pay By $10 Mln Over 1MDB Scandal (RTTNews) - Goldman Sachs Group Inc. cut Chairman and Chief Executive Officer David Solomon's fiscal 2020 pay by $10 million as a penalty for the bank's role in 1Malaysia Development Berhad or 1MDB bribery scandal. In a filing with the U.S. Securities ...
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Coty to shutter German fragrance factory, 300 workers impacted "This move will address the imbalance to increase our competitiveness and ensure we fully leverage our scale and remaining manufacturing sites." Last year Coty set a goal to reduce costs by $600 million by fiscal 2023. Coty stock slipped 2% in Wednesday ...
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Starbucks executive Roz Brewer named new Walgreens CEO, making her only Black woman leading Fortune 500 ... Walgreens later confirmed that Brewer will take over as its CEO on March 15. Brewer succeeds Stefano Pessina, who served as CEO for six years following the merger between Walgreens and Alliance Boots in 2014. Pessina will transition to executive chairman ...
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Elon Musk's Model Mom Maye Knew Her Billionaire Son Was a Genius When He Was 3 Maye Musk told her son to focus on one industry, but "of course he didn't listen to me". By Eric Todisco. January 26, 2021 01:28 PM. Advertisement. FB Tweet More. Pinterest Email Send Text Message Print ...
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Norfolk Southern 4Q profit up 1% even as railroad hauls less OMAHA, Neb. (AP) — Norfolk Southern's fourth-quarter profit improved slightly even though it hauled 1% less freight because the railroad controlled expenses tightly as the economy continued to slowly recover from last year's widespread shutdowns during ...
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Nio, Li Auto, and Xpeng: Which Chinese EV Stock Is The Best Value? Li could have more upside as it expands its vehicle lineup. The valuation also looks reasonable. Li Auto trades at about 11x consensus 2021 Revenues, with sales likely to grow by about 112% this year.
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Norwegian Enhances Cruise Offers for 'National Plan for Vacation Day' "To do so, the brand has rolled out several offers to deliver guests more value, incentive programs to place money in the pocket of advisors and stellar itineraries through 2023 to provide more selection to visit bucket-list destinations," the cruise line wrote in a ...
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Johnson & Johnson Rises on Q4 Beats, Coronavirus Vaccine Hopes For the sprawling company's fourth quarter of fiscal 2020, revenue came in at just under $22.48 billion, which was more than 8% higher than in the same quarter of last year. Non-GAAP (adjusted) net income, though, went in the opposite direction, slipping by 1 ...
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AstraZeneca Vaccine Supplier's Plant Gets a Suspicious Package Wockhardt, the Indian drugmaker producing AstraZeneca and Oxford University's coronavirus vaccine, said a plant in Wrexham, Wales, was partially evacuated after receiving a suspicious package. Package was received this morning, full investigation ...
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'To improve people's lives,' Stamford-based Synchrony acquires consumer-financing provider STAMFORD — Synchrony, the country's largest private-label credit card provider, announced Tuesday it had agreed to acquire a firm specializing in consumer financing for audiology products, dental services and musical instruments. The merchant network ...
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UPDATE 3-China bought about 200 mln gallons of US ethanol for H1 2021 -ADM CHICAGO/BEIJING, Jan 27 (Reuters) - China has bought "roughly 200 million gallons" of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn-based biofuel, Archer Daniels Midland Co Chief Financial Officer Ray ...
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Department store chain Belk filing for Chapter 11 bankruptcy The Charlotte Observer reports that private equity firm Sycamore Partners made the announcement on Tuesday. The firm owns Belk and says it will continue with "normal operations" as it goes through bankruptcy. Sycamore Partners says ...
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Target giving $500 bonuses to all hourly employees "They're the heart and soul of Target, showing up for one another and our guests—and making Target a safe and easy place to shop and work. And never has their dedication, resiliency, care and compassion been more appreciated than during the pandemic." ...
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2022 Kawasaki KLX650 First Look The KLX650 Adventure ($7,999) comes equipped with factory-installed side cases, LED auxiliary light set, engine guards, tank pad, and both DC power outlet and USB socket and is available in the Cypher Camo Gray colorway.
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SSC Tuatara hits 283mph during testing for 300mph+ run A few months ago, American tuners SSC sparked outrage for allegedly falsifying the speed of its Tuatara hypercar during its attempt at breaking the production car land speed record. Now, the company is back and it's ...
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Scratch-Off Tickets On Your Phone? Now Possible in NY, as More Gambling Revenue Sought While the expansion worries some operators of stores that sell lottery tickets, the head of the company offering the lottery app in New York and other states said it's attracting new, younger players ...
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Why Godiva closing stores means more than missing chocolate to me When I was in middle school, my friends and I sipped on Godiva's Dark and Milk Chocolate Decadence Chocolixirs while shopping at the mall for hours. By the time I was in high school, I regularly shared Chocolate-Dipped Strawberries Cones with my younger ...
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Spirits sales suffer in LVMH full-year results The wine and spirits arm of luxury goods company LVMH experienced a 14% drop in organic sales in 2020 despite 'remarkable resilience' from Cognac. Hennessy Cognac owner LVMH saw wine and spirits sales fall in 2020. Organic revenue fell to €4,755 ...
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Watch: Sam Adams 'Steals' The Clydesdales For Their Super Bowl Commercial Sam Adams is taking advantage of their absence by "stealing" their world-famous Clydesdale horses to hype their Wicked Hazy IPA. In the commercial, someone unhitches the Clydesdales from their wagon, and they ...
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Starship raises $17m and considers stair-climbing delivery robots Expect new types of delivery robots in the future, including ones that can climb stairs, said Ahti Heinla, cofounder of Starship — the Estonian delivery robot company. Stairs may have foiled the Daleks in the Doctor Who TV series, but they will not stop ...
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6 Singapore firms lauded for advancing gender equality Genting Singapore is the latest addition to the Bloomberg Gender-Equality Index (GEI), which is in its fourth year. Singapore Exchange has been on the list for two years while telco Singtel and bank UOB Group have been on for three consecutive years.
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Bay Area may lose its title as the leading US tech hub, new data finds If you listen to social media chatter, you may have heard the rumor that Miami is going to replace San Francisco as America's tech hub. Bay Area residents are (and may already have been) flocking there in droves, seeking the absence of income tax, better ...
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