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S&P 500 to open within a whisker of 5,000 as Arm results boost AI optimism

U.S. stock futures were little changed early Thursday, pointing to the S&P 500 opening only several points shy of the 5,000 mark.

Maersk stock plunges as shipping giant scraps share buybacks due to Red Sea attacks and cargo market slump

A.P. Moller-Maersk halted its $1.6 billion share buyback plans as it warned attacks in the Red Sea could continue impacting its business throughout 2024

Camel, Newport among brands seeing write-down of $34 billion by owner British American Tobacco

British American Tobacco on Thursday said it was taking a £27.3 billion writedown ($34.5 billion) on the value of its U.S. cigarette brands.

Authorities reportedly probing crash between Waymo driverless car and bicyclist

California regulators are reportedly looking into a crash in San Francisco between a Waymo self-driving car and a bicyclist.

SoftBank shares jump after Arm’s stock surges on better guidance

SoftBank Group shares rose sharply after U.S.-listed shares of chip-designer unit Arm Holdings surged overnight following a better-than anticipated outlook.

Disney leans into ‘Moana,’ Taylor Swift and ‘Fortnite’ for future growth

The Walt Disney Co. is banking on a trio of pop-culture juggernauts to help juice its bottom line in the near future.

Disney is making progress on a key goal, and is ready to pull another lever

Walt Disney Co. revealed big strides at narrowing losses in its streaming business in its earnings report Wednesday, and touted another lever that will help in Chief Executive Bob Iger’s ongoing efforts to turn the media giant’s fortunes around — cracking down on password sharing.

Warner Music to lay off 10% of workforce as part of restructuring plan

Goal is to free up more cash to fuel growth in ‘core’ areas, Warner says.

Confluent shares surge 19% after upbeat 2024 outlook

Shares of Confluent rose late Wednesday after the data-streaming company forecast more than 20% revenue growth in 2024 and its first breakeven year based on certain metrics.

SAT/ACT requirements are back at Dartmouth. Here are 3 reasons many other schools may not follow that course.

The school became the first Ivy League college to reinstate its testing requirement after a COVID-era pause

Gauge of global stock-market performance logs first record close in 2 years

A widely followed gauge of developed-market stocks logged its first record close in more than two years on Wednesday.

Costco’s January sales rise 4.5%, with big boost from e-commerce

Costco January sales cool a bit from December sales, but rise 4.5% year on year.
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