Articles

Nelson Peltz sells his stake in Disney, weeks after losing proxy fight: report

Activist investor Nelson Peltz has reportedly sold his stake in the Walt Disney Co., weeks after losing a proxy battle for seats on the company’s board of directors.

Frank inflation: Americans are now prepared to spend nearly $6 for a hot dog

The summertime classic has climbed in price by 7.1% during the past year, according to the latest government figures

Salesforce’s stock tumbles as earnings provide latest dose of software-sector pain

The stock could see its steepest daily decline since 2008 as the company experiences “elongated deal cycles, deal compression and high levels of budget scrutiny.”

BlackRock’s bitcoin ETF on verge of eclipsing Grayscale’s fund

BlackRock is vying for the most assets managed by exchange-traded funds that track bitcoin prices, making a quick ascension to challenge the dominance of Grayscale Investments.

Nutanix offers weaker guidance, and stock drops 12%

Shares of Nutanix Inc. fall more than 12% in the extended session Thursday after a mixed quarter for the cloud computing company.

Target’s plan to scale back 2024 Pride Month merchandise is ‘a no-win situation,’ retail expert says

Target said its 2024 Pride collection will be available on its website “and in select stores, based on historical sales performance.”

C3.ai rides ‘intensifying’ wave of AI demand as revenue jumps 20%

Software company reports narrower-than-expected quarterly loss and revenue above Wall Street estimates.

UiPath’s stock gets slammed upon CEO’s abrupt exit, big miss on guidance

The company is reappointing cofounder Daniel Dines to be the CEO after he stepped down from leading the software company earlier this year.

Jamie Dimon sees potential trouble — and opportunity — in private credit

JPMorgan chief foresees clients with locked-up funds demanding their money back and calling their congressperson to complain if trouble arises in the private-credit world

Why 10-year Treasury yields should fall into year end, based on 60 years of history

It may be time to buy the dip in the 10-year Treasurys heading into year end

How fast food became America’s hot new status symbol

The once humble combo value meal is, increasingly, a habit of well-heeled diners who are also looking for ways to spend less as prices rise. In this economy, being high-income isn’t what it used to be.

U.S. economy is expanding, Fed’s Beige Book says, but businesses are less gung-ho

Inflation and high interest rates hold back growth
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