business news
Hilton shares fall after DHS says Minneapolis hotel canceled reservation due to immigration enforcement
Department of Homeland Security Secretary Kristi Noem speaks during a news conference at the Wilshire Federal Building in Los Angeles, June 12, 2025. Patrick T. Fallon | Afp | Getty Images The Department of Homeland Security on Monday blasted Hilton Hotels, saying that DHS officers had a reservation abruptly canceled by a Minneapolis hotel because […]
Read More
Democratic mayor of Silicon Valley’s largest city opposes billionaire tax
Mayor of San Jose, Matt Mahan, speaks during the NWSL Championship Welcome Reception at Rotunda at San Jose City Hall in San Jose, California, on Nov. 20, 2025. Eakin Howard | Nwsl | Getty Images The Democratic mayor of San Jose, California, has come out against a proposed statewide ballot measure that would ask voters […]
Read More
Micron is overbought. Using options to hedge against a reversal lower, while keeping upside exposure
Most options expire worthless, and short-dated options typically decay more rapidly, particularly relative to their own “extrinsic value” than longer-dated options strategies do. Consequently, options traders tend to focus on selling short-dated options a strategy that looks attractive because the decay (theta) is visible every day. The problem is that most of that theta is […]
Read More
Michael Burry’s big play off the U.S.-Venezuela situation, which the investor has held for years
Key Points Michael Burry, known for “The Big Short,” said he has owned Valero Energy since 2020. He views the position as being increasingly attractive as the U.S. prepares to take a role in reviving Venezuela’s oil industry. The investor’s comments come after President Donald Trump called on U.S. oil companies to invest in Venezuela […]
Read More
E-commerce startup Stord buys AI fulfillment platform Shipwire
Yuichiro Chino | Moment | Getty Images E-commerce logistics startup Stord has bought CEVA Logistics subsidiary Shipwire, the company said Monday. The deal, which closed Jan. 1 for a undisclosed amount, adds 12 new locations to Stord’s growing logistics network and about 60 new employees. Shipwire is an AI fulfillment platform used by e-commerce firms. […]
Read More
What Wall Street expects to see from CES 2026, the biggest tech show of the year
The 2026 CES conference, a bellwether for consumer technology, brings a heavy focus on applied use cases of artificial intelligence that could have an impact on several big tech stocks – and Wall Street is watching. The Consumer Technology Association’s CES trade show is running this week with a few notable speakers slated to kick […]
Read More
Stocks making the biggest moves midday: Coinbase, Arista Networks, Chevron, Halliburton & more
Check out the companies making the biggest moves midday: Oil stocks — Shares of major U.S. oil companies jumped following the U.S. attack on Venezuela that led to the ouster of leader Nicolas Maduro as they are seen as beneficiaries from the rebuild of energy infrastructure in the country. Chevron , which already has a […]
Read More
GM posts 5.5% U.S. sales gain in 2025, Stellantis’ Jeep marks first increase in seven years
2026 Chevrolet Corvette ZR1X with Carbon Aero package GM DETROIT — General Motors on Monday reported a 5.5% increase in its annual U.S. sales in 2025, despite a 6.9% decrease during the fourth quarter. The Detroit automaker’s sales results were driven last year by incremental sales of EVs as well as gains in large SUVs […]
Read More
AI godfather says Meta’s new 29-year-old AI boss is ‘inexperienced’ and warns of staff exodus
Yann LeCun, chief AI scientist at Meta Platforms Inc., at the VivaTech conference in Paris, France, on Wednesday, May 22, 2024. Bloomberg | Bloomberg | Getty Images Meta’s former chief AI scientist, Yann Lecun, has called its 29-year-old AI boss “inexperienced,” and warned of a staff exodus from the company. Alexander Wang, the billionaire co-founder […]
Read More
Pentagon to cut Sen. Mark Kelly’s military retirement pay over ‘seditious’ video: Hegseth
Sen. Mark Kelly, D-Ariz., holds a news conference in the Mansfield Room in the U.S. Capitol on Monday, December 1, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images The Pentagon will cut the military retirement pay of Sen. Mark Kelly for what Defense Secretary Pete Hegseth called the Arizona Democrat’s “seditious” statements on […]
Read More