Articles

China stocks jump again on plan for $139 billion cut to bank reserves

Chinese stocks jumped late in Asia trading Wednesday after the country’s central bank said it would soon loosen monetary policy to support the ailing economy.

Bill Ackman and his Israeli-born wife take stake in Tel Aviv Stock Exchange

The Israeli exchange IL:TASE on Wednesday announced the stake sale as part of a secondary offering that it said drew “robust interest” from investors around the globe.

SAP stock surges amid plan to cut 8,000 jobs, boost to profit outlook

Shares of SAP jumped as much as 8% on Wednesday as the German software giant laid out a plan to cut jobs alongside a boost to its profit outlook.

Something incredible happened in the NBA: Neither Woj nor Shams broke a story. And then it was wrong.

TNT looks to have jumped the gun on its story that Doc Rivers is the next coach of the Milwaukee Bucks.

Baker Hughes fourth-quarter profit jumps amid revenue growth

Baker Hughes said profit jumped in the latest quarter, boosted by a stronger topline performance.

First Horizon board authorizes $650 million share repurchase plan

First Horizon, the parent company of First Horizon Bank, has a market cap of $7.99 billion.

Netflix is having its way with ads, and Wall Street could win too

Netflix Inc.’s growing advertising business is proving that the streaming company’s bet that its customers would tolerate commercials in exchange for a cheaper price is paying off, and Wall Street should win as well.

Intel’s ‘make-or-break year’ will put stock’s recent surge to the test

Intel just kicked off a pivotal year, and investors are about to learn more about what to expect from it.

EBay to cut about 1,000 jobs, or 9% of its workforce, as it looks to become more ‘nimble’

EBay Inc. said late Tuesday it will cut about 1,000 jobs, or 9% of its full-time workforce, in order to better position the company for future sustainable growth.

Wayfair’s job cuts reportedly hit remote workers harder, amid battle over returning to the office

The Wall Street Journal reported that Wayfair executives on Tuesday told employees at a company-wide meeting that staff who worked remotely "were more likely to be laid off" in those cuts

United pulls plans for Boeing’s biggest 737 Max jet, after Max 9 groundings prove to be ‘straw that broke the camel’s back’

United Airlines Holdings Inc. on Tuesday said it was rethinking its longer-term plans for Boeing's biggest 737 Max jet, the Max 10, after the government's grounding of dozens of Max 9s this month raised questions over whether the aircraft maker could still deliver planes on time.

Apple’s Mac turns 40, bringing back memories of the company’s once-renegade ways

As Apple nears the 40th anniversary of one of its most groundbreaking products ever, the Macintosh, it is also a reminder to investors that the company that revolutionized the personal computer is now a middle-aged tech giant.
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