‘Barbie,’ a rare original-film blockbuster, will not reverse the franchise flood
“Barbie” racked up superlatives and was the unlikely original film to dominate the box office this summer. But as film studios and advertisers search for takeaways and Hollywood writers get back to work, analysts say the film’s success will be hard to repeat and is unlikely to stop the deluge of franchise movies, remakes and […]
ChargePoint raising $232 million, shares fall
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Shares of EV charging network operator ChargePoint Holdings were trading lower on Wednesday after the company said it’s raising $232 million via stock sales. Shares were down about […]
ChargePoint raising $232 million, shares fall
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Shares of EV charging network operator ChargePoint Holdings were trading lower on Wednesday after the company said it’s raising $232 million via stock sales. Shares were down about […]
U.S. corporate bankruptcies accelerate in third quarter as 2023 rivals 2020 as worst year in more than a decade
U.S. bankruptcy filings continued to mount in September, leaving 2023 on track to potentially surpass 2020 as the worst year for corporate bankruptcies in more than a decade. S&P Global Market Intelligence recorded 62 bankruptcy filings in September, bringing the total for the third quarter to 182, up from 157 during the second quarter. That […]
Adjustable-rate mortgage demand spiked last week. Here’s why.
A house for sale in Arlington, Virginia, in July of 2023. Saul Loeb | AFP | Getty Images The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total mortgage application volume very […]
Supreme Court won’t hear challenge to FDA rejection of flavored vapes
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California. Justin Sullivan | Getty Images The Supreme Court on Tuesday declined to hear arguments in a case challenging the Food and Drug Administration’s authority to reject approvals of flavored electronic cigarettes. The case is one of several challenges to the FDA’s regulation of […]
Dialysis company shares plunge after Ozempic trial success vs. kidney trouble
Fixes story to correct spelling of analyst’s name. The trial success of Novo Nordisk’s hit drug against kidney failure sent shares of a German kidney dialysis services firm plummeting on Wednesday. Fresenius Medical Care shares FME, -19.19% FMS, +0.92% slumped as much as 24%, and shares of its part owner Fresenius FRE, -10.87% lost as […]
Number of people with $100 million has doubled since 2003
Mbbirdy | E+ | Getty Images The population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. There are now 28,420 so-called centi-millionaires worldwide, up 12% over last year and more than twice the number […]
Walgreens names Tim Wentworth its new CEO
Drugstore chain Walgreens Boots Alliance Inc. named Tim Wentworth as its new chief executive Tuesday night. Wentworth — the former CEO of pharmacy-benefits manager Express Scripts — first announced the news in interviews with the Wall Street Journal and Bloomberg News. In statement Tuesday night, Walgreens WBA, +0.49% confirmed his appointment, effective Oct. 23. Wentworth […]
GM, Canadian autoworkers union Unifor reach deal to end strike
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM’s Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including Oshawa, Ontario, Canada October 10, 2023. Arlyn Mcadorey | Reuters DETROIT — General […]
