A regulatory probe into its deal with Avast, and higher inflation costs, add pressure to the cybersecurity stock.
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Morgan Stanley downgrades NortonLifeLock, sees ‘limited catalysts’ for the cybersecurity company
Business
New York’s pied-a-terre tax sets up legal fight over values
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. New York’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how to value […]
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Nike cuts 1,400 roles in second round of layoffs this year
People walk past a Nike store in New York City, on April 2, 2025. Kylie Cooper | Reuters Nike announced a new round of layoffs on Thursday impacting approximately 1,400 roles across the organization, mostly concentrated in its technology department. In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of […]
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Business
Trump administration moves to reclassify cannabis in major shift that could expand research
The Trump administration moved Thursday to reclassify cannabis under federal law, which could significantly expand scientific research into the drug’s medical uses. The change would not legalize the drug at the federal level, but shift cannabis from its current status as a Schedule I substance to Schedule III under the U.S. Drug Enforcement Administration’s controlled […]
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