Articles

Maersk’s top shareholder to buy Sweden engine part maker for $843 million

The lead shareholders of shipping giant AP Moller-Maersk agreed to buy Swedish engine part maker Concentric for 8.58 billion Swedish krona ($843 million).

DraftKings agrees to buy in-game betting company Simplebet

DraftKings Inc. is looking to bolster its in-game betting technology, announcing a deal Wednesday to acquire Simplebet Inc.

Nvidia CEO’s swagger isn’t enough to support the stock, as tiny cracks emerge

Nvidia Corp. co-founder and Chief Executive Jensen Huang wasn’t able to completely assuage all the concerns from Wall Street on Wednesday, as the chip designer is seeing some of its heady growth slow amid a slightly delayed new-product launch.

Yelp files antitrust suit against Google, claiming it stifles competition

Yelp Inc. took its long-simmering feud with Google to the next level Wednesday, filing an antitrust lawsuit against the tech giant and accusing it of using its dominant position to crush competition.

Restaurants are struggling as price increases backfire. But these chains are feeling pretty good.

Following a steep rise in food prices, big restaurant chains like McDonald’s Corp. and Starbucks Corp. this year have warned of a more circumspect customer. But not everyone in the industry is seeing it.

Ford has retreated from its DEI goals. A new study says companies that embrace them are more innovative.

Days after Lowe’s Cos. backed away from its diversity, equity and inclusion plans, Ford Motor Co. said it has done the same over the past year as DEI practices face attacks in court and from conservative activists.

Nutanix stock jump 14% after earnings beat, strong revenue guidance

Shares of Nutanix rose after the cloud-software company posted better-than-expected quarterly results and projected revenue for the current year ahead of Wall Street estimates.

BJ’s Restaurants CEO Levin steps down; ex-Darden CFO to lead on interim basis

BJ’s Restaurants said its chief executive Gregory S. Levin has stepped down, and that board member and former Darden’s Restaurants’ Chief Financial Officer C. Bradford Richmond has taken over as interim CEO.

Why Yardeni likes home-builder stocks despite drop in consumer plans to buy homes

While high home prices remain an obstacle to prospective home buyers even as mortgage rates fall, pent-up demand should benefit home builders in the stock market, according to Yardeni Research.

The SEC just gave OpenSea a ‘Wells notice.’ Here’s what that means for the NFT platform.

NFT exchange OpenSea just received bad news from the securities regulator.

Chipotle to speed up CFO transition after C-suite shakeup

Chipotle Mexican Grill Inc. said Wednesday that it was speeding up its leadership changeover process, after its top ranks were shaken up by its chief executive’s pending departure for Starbucks Corp. and its chief financial officer’s plans to retire.

Victoria’s Secret stock climbs on Q2 earnings beat and raised outlook, despite ‘challenging’ consumer environment

Victoria’s Secret & Co.’s stock rose in extended trading Wednesday after the intimate-apparel company swung to a profit in its second-quarter results and raised its 2024 sales outlook, boosted by North American sales.
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