Articles

Icahn Enterprises CEO to become head of Pep Boys

Icahn Enterprises L.P. said Wednesday that its current chief executive, David Willetts, will become CEO of Pep Boys, the automotive aftermarket service chain that it acquired in 2016.

Wendy’s stock falls again as longtime bull turns tail amid price-cut concerns

Wendy’s stock continued its post-earnings selloff on Wednesday, after a long-time bullish analyst recommended investors stop buying, citing concerns that price competition will grow more intense.

Palo Alto Networks’ stock sinks toward worst day on record upon ‘abrupt pivot’

Palo Alto Networks will give some product away for free for the time being in an attempt to grow long-term adoption of its “platform.”

Bausch & Lomb’s stock soars 11% after earnings beat

Chief Executive Brent Saunders said revenue growth in 2023 exceeded the company’s expectations and has set the tone for 2024.

Reddit will offer shares in its IPO at issue price to 75,000 of its most active users: report

The move is aimed at building loyalty, but could backfire if the stock falls in its debut.

Vertiv’s stock drops on missed revenue, and weaker-than-expected Q1 view

Vertiv Holdings Co.’s stock fell more than 10% in premarket trading on Wednesday after the digital-infrastructure company missed its fourth-quarter revenue target and warned its next quarter could fall short of estimates.

Glencore cuts dividend as Swiss firm’s earnings fall 50% due to collapse in global coal prices

The Swiss firm cut its dividend with a view to paying down debts from its $9 billion acquisition of Teck Resource’s coal assets

HSBC shares dive after $3 billion writedown of China bank stake

HSBC led the London market lower on Wednesday after a $3 billion hit to its operations in China saw the banking giant’s quarterly profits dive 80%.

I sold my house and invested in IRA CDs. They mature next month. How will I be taxed?

The IRA CD has its own tax twists compared to other types of CDs.

Nokia, Nvidia collaborate on AI for mobile networks

Nokia’s stock climbed Wednesday, after the telecommunications networking company announced a collaboration with Nvidia Corp. to position artificial intelligence as fundamental for radio access networks (RAN).

Natural-gas prices bounce 8% as Chesapeake plans production cuts

Natural-gas futures jumped after ending at the lowest in more than 3 1/2 years.

Here’s why Biden is going to pull off a win in November, say these strategists

Polls are favoring Donald Trump as the next president, but our call of the day says bet on incumbent Joe Biden.
1 1,576 1,577 1,578 1,579 1,580 2,451