Apple’s stock draws a downgrade as AI optimism may be very premature
A Jefferies analyst says it will take time for smartphone technology to truly support AI. That means sales expectations for the iPhone 16, and perhaps even the iPhone 17, may be too high.
Arcadium Lithium stock soars as report of Rio Tinto acquisition bid is confirmed
Global mining giant Rio Tinto PLC has expressed interest in buying Arcadium Lithium PLC, both companies confirmed Sunday.
Starboard reportedly takes $1 billion stake in Pfizer, seeks changes
Activist investor Starboard Value has taken a $1 billion stake in beleaguered drugmaker Pfizer Inc. and is seeking a turnaround, the Wall Street Journal reported late Sunday.
Stock market’s soft-landing rally faces CPI inflation test. Here’s what investors should do.
Middle East tensions, the port strike and the Fed’s interest-rate outlook puts inflation front and center again for the U.S. stock market this week.
MLS-OneFootball deal seeks to expand global audience
Lionel Messi #10 of Inter Miami controls the ball during the second half of the game against St. Louis City at Chase Stadium on June 01, 2024 in Fort Lauderdale, Florida. Megan Briggs | Getty Images Major League Soccer is teaming up with German digital media platform OneFootball to provide highlights, stats and other content […]
Third-quarter earnings are upon us. So are worries of slower growth.
This summer, restaurants and many retailers who weren’t Walmart warned of a struggling consumer.
Impulse space startup raises $150 million, led by Founders Fund
An Impulse employee works on assembling a Mira vehicle. Impulse Space Los Angeles-based space startup Impulse, which is led by renowned rocket specialist Tom Mueller, has raised $150 million in a new fundraising round led by venture capital firm Founders Fund. Impulse is scaling a product line of orbital transfer vehicles — colloquially known as […]
‘We didn’t sign an exclusive listing’: A realtor said she’d take out an ad to rent my New York City apartment. Am I morally obligated to use her?
“Other agents know our apartment is available for rent and now want to show it.”
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared […]
Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. Logan Riely | Getty Images Michael Jordan’s NASCAR team, 23XI Racing, and fellow team Front Row Motorsports filed an antitrust lawsuit against NASCAR […]
