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Key Points A longtime favorite line was discontinued as consumer demand shifts.The move was part of ongoing portfolio streamlining strategy by the brand.The axed product li… [+5186 chars]...
Read Full ArticleThe action in stocks on Thursday showed just how quickly simmering concerns in one corner of the market can boil over into a large-scale rout. Nine out of the S&P 500s 11 sectors fell on Thursda…...
Stellantis NV is taking more than 22 billion ($26 billion) in charges mainly linked to reversing course on its electric vehicle strategy, prompting a record plunge in the Jeep and Fiat owners shares.…...
Amazon shares sunk more than 9% on Friday after the company's hefty spending forecast surprised investors who were already wary that the artificial intelligence boom is at risk of becoming a bubble. …...
Amazon founder and owner of the Washington Post, Jeff Bezos, shockingly laid off a third of the paper's staff, NPR reported. What's happening? Bezos acquired a then-ailing Washington Post in 2013, …...
Alphabet is doubling its capex spend to $175 billion-$185 billion this year.Alphabet (GOOG0.60%)(GOOGL0.20%) delivered solid results across the board in its fourth-quarter earnings report on Wednesda…...
Key Points Stock market dropped as tech and S&P 500 retreated due to several catalysts.Weak job data and soaring tech capex fueled recession fears and sector rotation.S… [+6688 chars]...
Netflix co-CEO Ted Sarandos surely knew hed be asked some stupid, blatantly partisan questions during his testimony before a Senate judiciary subcommittee exploring his companys planned acquisition o…...
WASHINGTON (AP) U.S. job openings fell to the lowest level in more than five years, another sign that the American labor market remains sluggish. The Labor Department reported Thursday that vacancie…...
... “imposition of tariffs” on countries still doing business with Iran. The United States also announced new sanctions against numerous shipping entities and vessels, aimed at curbing Iran’s oil exports...