Infinera’s stock rockets 18% after $2.3 billion purchase by Nokia
Shares of Infinera Corp. rally after hours Thursday after a $2.3 billion deal with Finnish telecom giant Nokia Corp.
Tesla loses its EV quality edge
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Tesla is losing its lead over legacy automakers in the quality of its new all-electric vehicles, according to an annual influential study […]
Nike (NKE) earnings Q4 2024
Nike shoes and logo are seen at a store in Nice, France on May 28, 2024. Jakub Porzycki | Nurphoto | Getty Images Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of “challenges” that led it to cut its current year outlook. […]
Why VanEck’s solana ETF application is a win for crypto — even if it’s not approved
Investment manager VanEck’s application for a spot solana exchange-traded fund is unlikely to be approved anytime soon — but the move is still bullish for cryptocurrencies, industry participants said.
Chinese automakers expected to achieve 33% global market share by 2030
A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex in Guangzhou, Guangdong Province of China, on Nov. 17, 2023. Vcg | Visual China Group | Getty Images Chinese automakers are expected to continue rapidly expanding outside of their home country […]
Supreme Court gives emergency abortion care in Idaho a temporary reprieve
The U.S. Supreme Court on Thursday allowed for provision of emergency abortion care in Idaho hospitals but avoided wading into the legal issues at the heart of a case that has broad implications for the emergency care of pregnant people.
Walgreens (WBA) earnings Q3 2024
In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California. Justin Sullivan | Getty Images Shares of Walgreens plunged nearly 20% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a “challenging” environment for […]
Will Biden and Trump need caffeine to debate? A look at today’s $24 billion energy-drink market.
There are now dozens, maybe hundreds, of brands competing in the energy-drink space, with new ones being launched constantly.
Biden to lower some drug costs through inflation penalties
US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on Thursday, Dec. 14 2023. Chris Kleponis | Bloomberg | Getty Images The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs […]
Morgan Stanley OpenAI-powered assistant to roll out for wealth advisors
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over thousands of hours of labor for the bank’s financial advisors. […]
