Articles

Elon Musk’s comments ‘have no relevance to the Walt Disney Company’, Iger says

The day after Walt Disney Co. vanquished an activist investor challenge to its board, an emboldened company chief executive Bob Iger dismissed the ability of the actions of Elon Musk to sway shareholders.

Mortgage rates inch up, denting home buyers’ budgets. But there’s good news.

The 30-year mortgage rate is averaging 6.82%, Freddie Mac said in its latest weekly survey on Thursday.

Powell misreads what’s powering U.S. economy, former Fed official says

Financial conditions have eased since October and Powell is overlooking how this easing is fueling growth.

Paramount’s stock surrenders gains as analysts see ‘obstacle course’ in battle for control

Paramount Global Inc.’s stock tumbled 8.4% Thursday to snap a two-day winning streak, as analysts said the battle for control of the company —expected to play out over at least the next 30 days — is still somewhat of an obstacle course.

Trump touts Truth Social as ‘amazing’ startup amid stock decline as short sellers move in

The share price for Trump Media & Technology Group Corp., the parent company of Truth Social, has fallen nearly 25% since the company reported on Monday that it had finished 2023 with a loss of $58.2 million on revenues of $4.13 million.

Walmart recalls some ‘Mini Choppers’ after some started chopping on their own

Walmart is recalling more than 50,000 Mainstays Electric Mini Choppers, because of multiple reports of cuts from the blade, with some requiring stitches.

Bitcoin’s retreat from record high could signal end of stock-market rally

If bitcoin prices have peaked, it could signal that both the S&P 500 and Nasdaq-100 are headed for a stretch of shoddy performance, potentially going nowhere for months.

Alaska Air was paid $160 million in cash by Boeing for the 737 Max 9 issues

Alaska Air said it lost more in the first quarter than it previously estimated, but only because it changed how it recorded cash received from Boeing Co., as compensation losses suffered from the groundings of 737 Max 9 jets.

Lamb Weston’s stock drops sharply on earnings miss, reduced outlook on system change

Lamb Weston Holdings Inc.’s stock was down by 10.5% in premarket trading on Thursday after the potato processing company blamed a slower-than-expected switch to a new enterprise resource planning system (ERP) for impacting its third-quarter results, as well as its outlook for the year.

Conagra’s stock jumps as sales trend, profit margins improve

Parent company of Duncan Hines and Hunt’s Ketchup products beats quarterly profit and sales expectations, amid strength in its grocery and snacks business

Nikola produced more fuel-cell trucks in Q1 than it did in all of 2023

The company also started the process to return recalled battery trucks to customers after retrofitting.

Ford’s stock gains after car maker announces plan to expand hybrid EV offering

Ford expects to start consumer deliveries of all-electric truck in 2026
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