Month: December 2024
From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024
A “location closed” sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty Images A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown […]
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Who got it right and wrong on Wall Street in their 2024 stock market outlook
This year, Wall Street extended its artificial intelligence-powered bull market into a second year, far surpassing the year-end forecasts made by top strategists. In fact, all of them turned out to be very wrong. Original 2024 outlooks for the S & P 500 ranged from a low of just 4,200 at JPMorgan by Dubravko Lakos-Bujas, […]
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Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move […]
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McKinsey & Co. to pay $650 million to settle opioid consulting probe, ex-partner to plead guilty
The McKinsey & Company logo is displayed at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 21, 2023. Benoit Tessier | Reuters McKinsey & Co. agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue Pharma […]
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‘If Ukraine fails, war will come to the streets of European cities,’ former foreign minister says
Former Ukrainian Foreign Minister Dmytro Kuleba warned of the potential repercussions for the European Union if Ukraine does not prevail in its fight against Russia, telling CNBC that “if Ukraine fails, war will come to the streets of European cities.” “Putin today has no strengths and powers to fight multiple wars,” Kuleba said, pointing to […]
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Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street
Two trendy areas in finance — fintech and private credit — are coming together in a new multibillion-dollar joint venture. Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years. Sixth Street […]
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UnitedHealth Group CEO addresses Brian Thompson death, says healthcare system is ‘flawed’
Andrew Witty, CEO, UnitedHealth Group, testifies during the Senate Finance Committee hearing titled “Hacking America’s Health Care: Assessing the Change Healthcare Cyber Attack and What’s Next,” in Dirksen building on Wednesday, May 1, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images UnitedHealth Group CEO Andrew Witty on Friday mourned the death of Brian […]
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France’s Macron names centrist Francois Bayrou as new prime minister following political turmoil
FREJUS, FRANCE – 2023/05/03: The mayor of Pau François Bayrou is seen during the funeral of François Léotard. French politician and former Minister of Defense and Culture François Léotard died on April 25 at the age of 81. His funeral takes place in Frejus. (Photo by Laurent Coust/SOPA Images/LightRocket via Getty Images) Sopa Images | […]
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Trump transition wants to scrap crash reporting requirement opposed by Tesla: Reuters
The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Video taken April 17, 2021. Scott J. Engle | Via Reuters The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by […]
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Stocks making the biggest moves before the bell: Broadcom, RH, Tesla, Penn Entertainment & more
Check out the companies making headlines in premarket trading. Broadcom — Shares of the semiconductor maker jumped nearly 17% after the company’s fiscal fourth-quarter earnings exceeded expectations. CEO Hock Tan said that Broadcom is developing custom artificial intelligence chips with three large cloud customers. The company also said its artificial intelligence revenue for the year […]
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