Articles

Citigroup CEO Jane Fraser got a 6% raise last year. Here’s how her compensation compares to other bank CEOs.

Citigroup Chief Executive Jane Fraser got a roughly 6% year-over-year raise last year, bringing her total 2023 compensation to $26 million, the bank said on Tuesday, citing what it said were her “sound” strategic priorities.

The ‘biggest question’ about the Capital One-Discover deal? It revolves around fees you probably never see.

Two credit-card giants are combining. Here’s how the $35 billion deal could potentially impact consumers.

RingCentral calls for lower 2024 sales than Wall Street expects, and the stock falls

RingCentral Inc.’s stock falls more than 6% after the cloud-based communications company’s sales guidance disappoint investors.

Amazon to join Dow Jones Industrial Average, reflecting ‘evolving nature of American economy’

Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect “the evolving nature of the American economy,” S&P Dow Jones Indices said late Tuesday.

La-Z-Boy’s stock slumps 12% on revenue drop, earnings miss

La-Z-Boy Inc.’s stock slumped 12% in after-hours trading Tuesday after the company posted quarterly results that fell short of analysts’ revenue and earnings estimates.

SolarEdge’s stock plummets 14% as company becomes latest poster child for solar industry’s problems

Lower demand amid high interest rates and regulatory changes in California, as well as rising inventories, have pummeled solar-power and related industries, and SolarEdge presents a mixed picture to investors.

Palo Alto Networks’ stock tumbles as earnings forecast underwhelms

The cybersecurity company came up short with its forecast for the current quarter and trimmed its full-year outlook.

Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York

Despite both giving the 49ers better odds to win, one sportsbook made millions while another lost millions.

FuboTV sues to block ESPN, Warner, Fox sports-streaming venture

FuboTV filed a lawsuit Tuesday to block a new sports-streaming joint venture scheduled to premiere this fall, claiming the ESPN-Warner Bros. Discovery-Fox juggernaut would squeeze Fubo’s ability to carry a small bundle of sports-focused channels that the venture plans to include.

Stock-market investors fear short-volatility bets could crush the rally

A popular trade that triggered a historic market meltdown back in 2018 made a comeback last year, as one barometer of its performance logged its best year in six.

The Dow is due for a change. These sectors may be affected.

The keepers of the Dow Jones Industrial Average will have to make at least one change to the venerable index next week, and there’s a very good chance they’ll make a couple of others, as well.

Nvidia’s stock heads for biggest drop in over a year and biggest market-cap loss ever

Nvidia is about to report another set of blowout results Wednesday, but Wall Street has come to expect that from the chip giant.
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