Articles

Warner Music to lay off 10% of workforce as part of restructuring plan

Goal is to free up more cash to fuel growth in ‘core’ areas, Warner says.

Confluent shares surge 19% after upbeat 2024 outlook

Shares of Confluent rose late Wednesday after the data-streaming company forecast more than 20% revenue growth in 2024 and its first breakeven year based on certain metrics.

SAT/ACT requirements are back at Dartmouth. Here are 3 reasons many other schools may not follow that course.

The school became the first Ivy League college to reinstate its testing requirement after a COVID-era pause

Gauge of global stock-market performance logs first record close in 2 years

A widely followed gauge of developed-market stocks logged its first record close in more than two years on Wednesday.

Costco’s January sales rise 4.5%, with big boost from e-commerce

Costco January sales cool a bit from December sales, but rise 4.5% year on year.

Elon Musk: ‘Taylor Swift is right to be concerned’ about private jet tracking

Swift recently sent a cease-and-desist letter to a college student known for using publicly available aviation data to track private jets

Arm stock soars 25% as chip maker see ‘signs of recovery’ in broader market, raises guidance for the year

U.S.-listed shares of Arm Holdings PLC rallied more than 20% after hours Wednesday after the chip designer raised guidance for the year, saying it is seeing green shoots in the semiconductor market.

PayPal’s earnings outlook disappoints as CEO says he’s looking to rebuild trust

PayPal’s CEO says he wants to “put points on the board” before factoring new products into forecasts.

Disney’s stock pops on big earnings beat, dividend, lower streaming losses

Walt Disney Co.’s stock popped 7.7% higher late Wednesday on stronger-than-expected quarterly earnings, deeper cuts, and a massive reduction in its streaming business losses.

Mattel announces cost cuts after fourth-quarter results miss expectations

The toy maker’s cost cuts would follow layoffs by rival Hasbro amid a slowdown in demand for toys

Billionaire Bill Ackman to launch fund open to regular investors in U.S.

Bill Ackman’s Pershing Square is planning to launch a new closed-end fund targeting individual investors.

Consumers slammed on brakes on borrowing in December, Fed data shows

The numbers: Total consumer credit rose $1.5 billion in December, down from a $23.4 billion gain in the prior month, the Federal Reserve said Wednesday. That translates into a 0.4% annual rate, down from a 5.7% rise in the prior month.
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