Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies managing partner and principal owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium in London on June 9, 2024. Daniel Shirey | Major League Baseball | Getty Images The Philadelphia Phillies recently raised close to $500 million in […]
‘It strikes me as vengeful’: My friend wants to boycott a coffee shop because of the owner’s political views. Is this what America has become?
“There was a pile-on of hate and jubilance at the thought of putting this man out of business.”
FDA proposes ending use of decongestant found in many cold medicines
A bottle of Vicks DayQuil cold and flu medicine containing phenylephrine is displayed for sale in a CVS Pharmacy store in Hawthorne, California, on Sept. 12, 2023. Patrick T. Fallon | AFP | Getty Images The Food and Drug Administration on Thursday proposed ending the use of a common ingredient found in many popular over-the-counter […]
Wall Street expects Trump presidency will unlock deal-making
Attendees cheer as a broadcast of former US President and Republican presidential candidate Donald Trum speaking at his Florida election party is shown on a screen at the Nevada GOP election watch party in Las Vegas, Nevada on November 6, 2024. Ronda Churchill | Afp | Getty Images Wall Street dealmakers and corporate leaders expect […]
Sony stock rises as gaming and imaging units boost profits
Sony shares rose in premarket trade Friday after the company reported booming profit growth in the fiscal second quarter.
Steve Madden to slash China sourcing as Trump’s tariff plan looms
The logo of the label Steve Madden at the fashion fair Premium. ens Kalaene | Picture Alliance | Getty Images Steve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald Trump to carry out his pledge […]
Lucid opens its order books for Gravity SUV, calling it a ‘landmark’ EV
Lucid to start taking orders for its Gravity SUV and says its financial runway is wide open through 2026.
Lucid (LCID) results Q3 2024
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of […]
Rivian (RIVN) earnings Q3 2024
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990 million expected […]
ETFs see ‘monumental’ flows after U.S. election, shattering previous record
Investors rushed into exchange-funds after Donald Trump won the race to become the 47th president of the U.S., particularly seeking exposure to the country’s stock market.
