Telecom exec pleads guilty to stealing $100 million from fraud-plagued government program
Issa Asad admitted to submitting phony customer data for years to Lifeline, an FCC program providing discounted telephone and internet service to low-income Americans,
GM, Lithium Americas agree to $625 million joint venture
The clay mixture from which lithium will be extracted is held by Tim Crowley, spokesman for Lithium Americas Corp. Carolyn Cole | Los Angeles Times | Getty Images DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to […]
How money manager Meb Faber’s one-of-a-kind ETF beats the market without Nvidia and other Big Tech stocks
Cambria Investment’s Faber tells MarketWatch how he makes shareholders money by owning high-quality, dividend-paying stocks that most investors overlook.
Morgan Stanley (MS) earnings Q3 2024
Morgan Stanley on Wednesday topped analysts’ estimates for third quarter profit as each of its three main divisions generated more revenue than expected. Here’s what the company reported: Earnings:$1.88 a share vs $1.58 LSEG estimate Revenue: $15.38 billion vs. $14.41 billion estimate The bank said profit rose 32% to $3.2 billion, or $1.88 per share, […]
Automated parking robots are the latest luxury real estate amenity
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots. The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds of bar codes embedded in the floors. Residents who pull into one […]
Two beaten-up home-goods brands are joining forces. This one’s stock is rallying.
Shares of the Container Store Group Inc. surged after hours on Tuesday after the struggling storage retail chain said it had secured the backing of home-goods seller Beyond Inc., the company that owns Bed Bath & Beyond and Overstock.
Walgreens (WBA) earnings Q4 2024
A sign sits in front of a Walgreens store on November 10, 2023 in Wheeling, Illinois. Scott Olson | Getty Images Walgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street’s expectations, as the company slashes costs in an attempt to steer itself out of a rough spot. The retail drugstore […]
Holiday sales growth could slow to pre-pandemic levels, retail group says
U.S. holiday-season spending is likely to hit another record, a major retail-industry group said Tuesday, but it added that sales growth is likely to slow as consumers continue to grapple with higher prices and spending habits settle into pre-pandemic patterns.
United Airlines (UAL) 3Q 2024 earnings
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong […]
Tom Brady to be part owner of NFL’s Las Vegas Raiders
National Football League owners approved Tom Brady as a minority owner of the Las Vegas Raiders on Tuesday. The seven-time Super Bowl champ bought about a 10% stake in the Raiders with his business partner, Knighthead Capital founder Tom Wagner. Brady and Wagner are buying into the Raiders at about a $3.5 billion valuation, with […]
