Articles

CEO Anne Wojcicki looking to take 23andMe private

23andMe Chief Executive Anne Wojcicki is looking to take the beleaguered DNA-testing company private, less than three years after it went public.

Oracle to invest $8 billion in Japan to meet growing AI, cloud demand

Oracle Corp. plans to invest more than $8 billion in Japan over the next decade to meet growing demand for AI and cloud infrastructure.

Google lays off more employees, will move some jobs overseas as part of continuing cost cuts

Google announced a new round of layoffs Wednesday, and said it will move some jobs overseas.

Tesla shareholders shouldn’t be fooled again on Elon Musk’s pay package

Tesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay package.

Does owning more stocks in retirement give you the financial security you need?

How much is enough? The 10 largest target-date 2020 funds offer some answers.

Alcoa’s first-quarter loss widens on lower prices, higher costs

Alcoa posted a wider loss in the first quarter after lower aluminum prices and higher production costs dented results.

Duolingo’s stock jumps 6% on news it is joining S&P MidCap 400

Duolingo Inc.’s stock popped 6% in extended trading Wednesday following news it is joining the S&P MidCap 400.

Freddie Mac wants a new role financing homeowners sitting on equity. This group isn’t happy.

Housing giant Freddie Mac could make a $850 billion splash in the market for second-lien mortgages under a new proposal

Gold may benefit from ‘powerful tailwind’ when Fed pivots to rate cuts, says Wells Fargo

Gold has room to rise after reaching record highs this year, as a “shifting interest-rate landscape could be a particularly powerful tailwind,” according to Wells Fargo Investment Institute.

United Airlines strikes compensation deal with Boeing for Max groundings, delays

United Airlines says compensation terms stem from damages incurred in the first quarter thanks to the Boeing’s BA 737 Max 9 groundings and certification delays for the 737 Max 10 aircraft.

Las Vegas Sands profit jumps in first quarter, thanks to tourism rebound

Las Vegas Sands’ profit surged in the first quarter as post-pandemic growth at the company’s resorts continued to lift results.

Equifax says weaker mortgage demand is weighing on its business

Shares of Equifax fell after hours on Wednesday after the credit-scoring giant reported first-quarter revenue that missed expectations and said it expected a continued drop in mortgage inquiries this year, as the housing market stalls out under high home prices and interest rates.
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