Articles

TikTok’s potential ban passes in the Senate. Here’s what comes next.

The app gets one year to ditch its Chinese ownership before any ban would take effect, and TikTok has promised a legal battle.

Elon Musk gives Wall Street what it wants, but more pain could be around the corner

Tesla’s promise of an “affordable EV”will not be as low priced as hoped

The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives’ could complicate its case.

‘No one gets hurt’ if they can’t buy a luxury handbag, analyst says.

Elon Musk and SpaceX hit reusable-rocket milestone with Starlink satellite launch

The launch from Space Launch Complex 40 at Cape Canaveral Space Force Station marked the 300th time that SpaceX has landed a rocket booster after launch.

Stocks see upbeat start to the week as Wall Street’s fear gauge subsides

U.S. stocks have kicked this week off with a rally, as Wall Street’s fear gauge drops after shooting higher earlier this month as interest rates rose and tensions in the Middle East intensified.

Lumen looks to lower costs through job cuts as cash concerns continue

Faced with growth and cash challenges, Lumen Technologies is looking to cut expenses by reducing its headcount.

Enphase’s stock slumps as outlook miss reflects solar’s ongoing struggles

Enphase Energy came up short with its latest outlook on Tuesday, and its shares were slumping in the extended session.

Mattel says toy demand is improving, and shares are rallying

Toy maker Mattel Inc. on Tuesday reported a narrower quarterly loss than expected, while holding to its full-year profit outlook and citing an improvement in demand after two years of weaker enthusiasm among customers.

Visa’s stock gains as earnings continue to show healthy spending growth

The credit-card giant’s upbeat earnings follow those from American Express last week.

Texas Instruments’ stock is on the rise after strong results, guidance

Texas Instruments Inc.’s stock immediately jumped more than 5% in extended trading Tuesday after the semiconductor company rang up better-than-expected quarterly results and guidance.

Department of Labor’s latest fiduciary rule could save investors $5 billion a year, but is it in savers’ best interests?

The rule is expected to go into effect in September

Regulators probe potential use by big banks of nondisclosure agreements to discourage whistleblowers: report

Some of the largest U.S. banks are being asked by the Commodities Futures Trading Commission to provide details about nondisclosure agreements for employees in an effort to protect potential whistleblowers, according to a report by Bloomberg.
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