business news
GameStop launches NFT marketplace as it hunts for growth in digital-fueled turnaround
NurPhoto | NurPhoto | Getty Images GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology. The platform, which is now open to the public for beta testing, allows users to […]
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You can test Apple’s big new iPhone update now, here’s how
Apple iOS 16 Source: Apple Apple released the first public beta version for iOS 16 on Monday. That means anyone with an iPhone 8 or newer can try an early version of the next big update for the iPhone, which is expected sometime this fall alongside new iPhone models. IOS 16 will let users customize iPhone’s […]
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Justice Department investigating PGA Tour for possible antitrust violations tied to LIV Golf
PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut. Fred Kfoury | Icon Sportswire | Getty Images The Justice Department is investigating whether the PGA Tour’s actions regarding rival LIV Golf were anti-competitive, the tour confirmed Monday. The investigation, first reported by […]
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Texas grid operator tells residents to curb power as heat hits record highs
A transmission tower is seen on July 11, 2022 in Houston, Texas. ERCOT (Electric Reliability Council of Texas) is urging Texans to voluntarily conserve power today, due to extreme heat potentially causing rolling blackouts. Brandon Bell | Getty Images Texas’ grid operator is warning residents to conserve energy for the second time this year, as […]
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Perrigo unit asks FDA to approve first ever over-the-counter birth control pill
A pharmacist holds the compound PiDaNa of the company HRA Pharma in Hamburg, Germany. Daniel Reinhardt | Picture Alliance | Getty Images Perrigo Company said on Monday its unit HRA Pharma has asked the U.S. Food and Drug Administration to approve a daily birth control pill for over-the-counter sale, the first such request for this […]
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Rivian planning layoffs that could target about 5% of staff, report says
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle startup Rivian Automotive is planning layoffs that could trim its workforce by about 5% after the company grew too quickly in some areas, Bloomberg reported […]
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What Amazon’s Grubhub stake means for investors and the future of delivery
Amazon’s latest partnership with Grubhub will have little impact on the company’s stock but could signal a growing appetite to compete in restaurant delivery, analysts say. The technology company announced last week it’s partnering with the delivery platform to offer Prime users a free year membership to Grubhub+. As part of the deal, Amazon will […]
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UBS cuts S&P 500 price target for 2022, says earnings estimates could go down even more
UBS cut its price target for the S & P 500 and expects earnings estimates could decline further from here — the latest possible indicator of an impending slowdown. The investment bank cited prolonged higher inflation and rising yields as the reason for cutting the price target and EPS forecast for the broader market index. […]
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These midyear tax strategies can trim next year’s bill from the IRS and reduce ‘unwelcome surprises’
seksan Mongkhonkhamsao | Moment | Getty Images 1. Review tax withholdings When starting a new job, you fill out Form W-4, covering how much your employer withholds from your paychecks for federal taxes. But you need to revisit those withholdings, especially for major life changes such as marriage, having children or starting a side business. […]
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Occidental Petroleum looks overbought after its rally this year, Goldman Sachs says
It may be time to take some profits in Occidental Petroleum after the stock’s massive rally this year, according to Goldman Sachs. Analyst Neil Mehta downgraded shares of Occidental Petroleum to neutral from buy, saying in a Monday note that its stock jump seems exuberant, especially when compared with peers. Energy names have broadly benefited […]
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