Business

Business

Wall Street rises as Federal Reserve minutes meet expectations

Fed Minutes: 50 basis points hike ‘likely’ Nordstrom climbs after raising earnings expectations Nvidia Q2 revenue forecast falls short of expectations Indexes up: Dow 0.60%, Standard & Poor’s 0.95%, Nasdaq 1.51% NEW YORK (Reuters) – Wall Street closed higher on Wednesday, boosted by minutes after the Federal Reserve’s latest monetary policy meeting, which showed policymakers …

Wall Street rises as Federal Reserve minutes meet expectations Read More »

Elon Musk has secured additional funding to acquire Twitter, according to filings | Twitter

Elon Musk has secured additional funding to buy Twitter, according to financial filings announced on Wednesday, bringing the billionaire close to completing the high-profile deal. Tesla’s CEO said in regulatory filings that he increased his personal financing for the acquisition from $27.3 billion to $33.5 billion and took in an additional $6.25 billion in equity …

Elon Musk has secured additional funding to acquire Twitter, according to filings | Twitter Read More »

Snowflake earnings for the first quarter of 2023

Snowflake shares fell as much as 16% in extended trading Wednesday after the data analysis software maker disappointed analysts by saying it did not expect a positive adjusted operating margin for the current quarter. Here’s how the company did: gains: Loss of 53 cents per share Revenues: $422.4 million versus $412.8 million, analysts had expected, …

Snowflake earnings for the first quarter of 2023 Read More »

CVS to stop filling stimulant prescriptions from working, my brain

CVS pharmacies will no longer fill prescriptions for controlled substances ordered by healthcare workers who work for the two telehealth companies.picture: Mario Tama (Getty Images) Digital mental health providers now face another challenge: CVS says it won’t fill prescriptions from telehealth companies Cerebral and Done Health. Mental health care was on the cusp of something …

CVS to stop filling stimulant prescriptions from working, my brain Read More »

Amazon shareholders reject 15 proposals on labor rights and the environment | Amazon

Amazon shareholders have rejected 15 decisions submitted by investors in an effort to affect the company’s environmental impact and the treatment of workers. Shareholders on Wednesday voted against all decisions, most of which focused on workers’ rights and other social issues. Resolutions included calls for the company to report on worker health and safety and …

Amazon shareholders reject 15 proposals on labor rights and the environment | Amazon Read More »

Twitter chief tries to stay on track as Elon Musk upturns his plans

SAN FRANCISCO — At a virtual meeting of Twitter executives last week, Parag Agrawal admitted he was exhausted. Twitter CEO Agrawal has spent the past six weeks guiding the company through the sale of $44 billion to Elon Musk, the world’s richest person. Some employees were publicly revolting against their new owner, who criticized the …

Twitter chief tries to stay on track as Elon Musk upturns his plans Read More »

Apple’s vice president discourages retail workers from joining a union in a leaked video

Apple Vice President of Retail and Personnel Deirdre O’Brien openly discourages employees from joining a union in an internal video leaked to the edge. “I worry about what it might mean to put another organization in the middle of our relationship,” she says. “An organization that doesn’t have a deep understanding of Apple or our …

Apple’s vice president discourages retail workers from joining a union in a leaked video Read More »

Wendy’s raises a “For Sale” sign as it loses ground to McDonald’s and Burger King

In a filing Tuesday with the Securities and Exchange Commission, Wendy’s president, Nelson Peltz, said his management fund, Trian Partners, wants to explore the possibility of a sale or merger of the burger chain. Other options for increasing shareholder value are also on the table, according to the filing. Wendy (wen) Shares rose 11% Wednesday …

Wendy’s raises a “For Sale” sign as it loses ground to McDonald’s and Burger King Read More »

A large number of candy and snacks made with peanut butter are now called Jif

Candy, trail mix and other snacks made with Remember Peanut Butter Jif Among the growing number of products being pulled from stores and vending machines nationwide as federal health officials investigate salmonella outbreaks in multiple states. The Centers for Disease Control and Prevention on Monday issued a public safety alert that said at least 14 …

A large number of candy and snacks made with peanut butter are now called Jif Read More »

Kohl’s shares rise on reports that the company continues to compete amid market volatility

The Kohl logo is displayed on the outside of Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shares rose more than 15% on Wednesday, after being briefly halted, on hopes that the retailer can still be bought after the recent volatile market and disappointing earnings report. A …

Kohl’s shares rise on reports that the company continues to compete amid market volatility Read More »