Month: January 2025
Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
In this aerial view taken from a helicopter, the Kenneth fire (below) approaches homes while the back side of the Palisade fire (above) continues to burn Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation […]
Read More
Former WWE boss Vince McMahon resolves SEC charges over undisclosed settlements
TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne “The Rock” Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City. Michelle Farsi | UFC | Getty Images Former WWE boss Vince McMahon has settled charges filed […]
Read More
Disney, Fox and Warner Bros. Discovery call off plans to launch Venu sports streaming service
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024. Jessica Golden | CNBC Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in […]
Read More
Chuck E. Cheese makes a comeback, with trampolines and a subscription program
Chuck E. Cheese’s parent company has spent $230 million renovated its stores. Source: CEC Entertainment Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation. In June 2020, just as some states began lifting their pandemic lockdowns, Chuck […]
Read More
Trump seeks Putin meeting as Biden administration announces twelfth-hour aid package to Kyiv
A souvenir shopkeeper displays Matryoshka dolls featuring Russian President Vladimir Putin and U.S. presidents, including Donald Trump. Misha Friedman | Getty Images News | Getty Images President-elect Donald Trump floated the possibility of a meeting with Kremlin leader Vladimir Putin to end the “bloody mess” in Ukraine, while the outgoing administration of Joe Biden pushed […]
Read More
U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year. Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday. The unemployment rate […]
Read More
Trump to be sentenced in New York for hush money case conviction
Former U.S. President Donald Trump attends his trial for allegedly covering up hush money payments at Manhattan Criminal Court on May 13, 2024 in New York City. Spencer Platt | Reuters President-elect Donald Trump is set to be sentenced Friday morning in his New York criminal hush money case, more than eight years after events […]
Read More
Stocks making the biggest moves premarket: Delta, Walgreens, Constellation Energy, Allstate and more
Check out the companies making headlines in premarket trading. Delta Air Lines — The airline stock popped 6% on stronger-than-anticipated fourth-quarter earnings. Delta posted adjusted earnings of $1.85 per share in $14.44 billion in revenue. That surpassed the EPS of $1.75 and $14.18 billion in revenue expected by analysts polled by LSEG. The company also […]
Read More
Walgreens results top estimates as drugstore chain works to slash costs
People walk by a Walgreens on Nov. 3, 2024 in Brookline, Massachusetts. Danielle DeVries | CNBC Walgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough spot. Here’s what Walgreens reported for the three-month period ended Nov. 30 […]
Read More
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
The first Wayfair brick-and-mortar store in Wilmette, Illinois, prepares to open, May 2, 2024. Scott Olson | Getty Images Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the […]
Read More