Articles

Anglo American to exit diamond, platinum and coal mining as it fights BHP bid

Anglo American on Tuesday said it would exit the coal, platinum and diamonds business as it fends off a takeover approach from BHP.

Walmart to cut hundreds of corporate jobs, relocate others: report

Walmart Inc. plans to lay off hundreds of corporate workers and is asking others to relocate to new cities, the Wall Street Journal reported Monday night.

Dozens of Red Lobster locations being liquidated after sudden closures

Seafood restaurant chain Red Lobster has abruptly closed dozens of locations around the country, and is selling them off in what is being called the largest restaurant liquidation ever.

Did OpenAI just launch a Siri killer?

OpenAI’s latest update to its AI model, ChatGPT, has the potential — if it works as demonstrated — to be a Siri killer.

Fisker gets short-term loan to remain afloat

Troubled EV maker gets a shot in the arm, but not enough for the stock, which remains flat.

What next for Norfolk Southern after split decision in board battle with Ancora?

Activist investor Ancora Holdings Group’s attempt to gain control of Norfolk Southern Corp.’s board resulted in three of its seven nominees gaining seats on the 13-member board at the railroad operator’s annual shareholder meeting Thursday.

This unconventional inflation hedge may be more effective than gold

Investment in farmland may provide a better hedge against inflation than gold, according to asset-management firm Nuveen.

Copper prices hit 2-year high, entering overbought territory

Copper futures climb to their highest settlement in over two years on Monday, but are now in overbought territory, analysts warn.

Roaring Kitty rides again: ‘Gamification’ may be back in GameStop’s meme-stock rally

Keith Gill, known as Roaring Kitty, made his return to social media Sunday, sparking a meme-stock rally that sent shares of GameStop skyrocketing.

OpenAI launches new ‘flagship’ GPT-4o model, touting improved speed and performance

OpenAI has unveiled GPT-4o, the company’s latest “flagship” artificial-intelligence model, which it said offers improvements in speed and performance.

The economy could be heading toward 1970s-style stagflation. What it means for the stock market.

The U.S. economy could be barreling toward 1970s-style stagflation amid a cooling economy and sticky inflation — and it could end up sparking a double-digit plunge in stocks, according to Sevens Report Research.

J&J’s $13 billion bid for Shockwave turns to Wall Street for funding

Deal making on Wall Street remains robust despite the Federal Reserve’s rate hikes since 2022.
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