Month: July 2024
Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China’s Zhejiang province on May 14, 2024. – | Afp | Getty Images DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as […]
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Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and more
Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts’ expectations . The New York City-based carrier posted adjusted earnings of 8 cents per share, excluding one-time items, compared to analysts’ estimated loss of 11 cents per share, according to LSEG. Revenue […]
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CrowdStrike shares plunge 11% to lowest level of the year on report that Delta may seek damages
Sopa Images | Lightrocket | Getty Images Crowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor. Crowdstrike fell $28.98 to $228.83 as of early afternoon trading. The company has now lost one-third […]
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Microsoft set to report earnings after the bell
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $2.93 Revenue: $64.39 billion Microsoft […]
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Perplexity AI will share revenue with publishers after plagiarism accusations
Perplexity AI on Tuesday debuted a revenue-sharing model for publishers, after more than a month of plagiarism accusations. Media outlets and content platforms like Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the company’s “Publishers Program.” The announcement follows an onslaught of controversy in June, when Forbes said […]
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Potential Harris VP pick Shapiro, Yellen announce free tax filing in PA
Josh Shapiro speaks at his swearing in as Governor of Pennsylvania at the State Capitol Building on January 17, 2023 in Harrisburg, Pennsylvania. Mark Makela | Getty Images Pennsylvania Gov. Josh Shapiro joined Treasury Secretary Janet Yellen on Tuesday to announce that Pennsylvania, a key election battleground, is the next state to get access to […]
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JetBlue jumps 20% after surprise profit, $3 billion aircraft spending deferral
A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Mike Segar | Reuters JetBlue Airways shares jumped 20% on Tuesday after the airline posted a surprise profit and said it would defer […]
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Budget airline Spirit is trying to go upmarket with snacks, Wi-Fi and checked bags included
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | Reuters Free Wi-Fi? Free checked bag? Free snacks? On Spirit? The Florida-based carrier that is practically synonymous with budget air travel in the U.S. said Tuesday that it plans to offer packages […]
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Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Meta has agreed to pay $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner’s use of biometric data by users, […]
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Warren Buffett’s Berkshire Hathaway sells Bank of America for a ninth-straight day
In this article BRK.A BAC Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway’s selling streak in its big Bank of America stake has extended to nine straight days, suggesting that […]
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