Articles

Jeff Bezos has sold 50 million Amazon shares this month, for around $8 billion

Amazon.com Inc. founder Jeff Bezos sold another $2 billion tranche of stock in recent days, bringing his total stock sales this month to about $8 billion.

OpenAI’s Sam Altman has plans for AI that could mean big money for Intel

The semiconductor industry and U.S. policy leaders both see immense value in a strong, U.S.-based foundry for AI chips.

Tripadvisor can reincorporate in Nevada, Delaware judge says, but can still face shareholder lawsuit

Tripadvisor Inc. can move its incorporation from Delaware to Nevada, a judge said Tuesday, but shareholders will be allowed to seek damages from the move.

Teladoc’s stock dives after it forecasts slower growth in virtual healthcare

Shares of Teladoc Health Inc. sank after hours Tuesday after the telehealth provider, known for its BetterHelp therapy platform, offered a largely downbeat forecast for the months ahead and warned that the market for virtual-healthcare services is getting saturated.

George Soros’ fund set to become largest shareholder in radio giant Audacy

Radio and podcasting giant Audacy Inc. has received court approval to emerge from bankruptcy, with George Soros’ investment fund on track to become the company’s largest stakeholder.

Citigroup CEO Jane Fraser got a 6% raise last year. Here’s how her compensation compares to other bank CEOs.

Citigroup Chief Executive Jane Fraser got a roughly 6% year-over-year raise last year, bringing her total 2023 compensation to $26 million, the bank said on Tuesday, citing what it said were her “sound” strategic priorities.

The ‘biggest question’ about the Capital One-Discover deal? It revolves around fees you probably never see.

Two credit-card giants are combining. Here’s how the $35 billion deal could potentially impact consumers.

RingCentral calls for lower 2024 sales than Wall Street expects, and the stock falls

RingCentral Inc.’s stock falls more than 6% after the cloud-based communications company’s sales guidance disappoint investors.

Amazon to join Dow Jones Industrial Average, reflecting ‘evolving nature of American economy’

Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect “the evolving nature of the American economy,” S&P Dow Jones Indices said late Tuesday.

La-Z-Boy’s stock slumps 12% on revenue drop, earnings miss

La-Z-Boy Inc.’s stock slumped 12% in after-hours trading Tuesday after the company posted quarterly results that fell short of analysts’ revenue and earnings estimates.

SolarEdge’s stock plummets 14% as company becomes latest poster child for solar industry’s problems

Lower demand amid high interest rates and regulatory changes in California, as well as rising inventories, have pummeled solar-power and related industries, and SolarEdge presents a mixed picture to investors.

Palo Alto Networks’ stock tumbles as earnings forecast underwhelms

The cybersecurity company came up short with its forecast for the current quarter and trimmed its full-year outlook.
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