business news
Why tech workers are quitting great jobs at companies like Google to fight climate change
Sandy Anuras, the chief technology officer of Sunrun. Photo courtesy Sandy Anuras, the chief technology officer of Sunrun Tech workers are walking away from high-paying jobs with great perks to help fight what they believe is the greatest existential problem of our lifetimes: climate change. In some cases, that has meant taking a pay cut. […]
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Allegations of fabricated research undermine key Alzheimer’s theory
Allegations that part of a key 2006 study of Alzheimer’s disease may have been fabricated have rocked the research community, calling into question the validity of the study’s influential results. Science magazine said Thursday that it uncovered evidence that images in the much-cited study, published 16 years ago in the journal Nature, may have been doctored. […]
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5 things to know before the stock market opens Tuesday
Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide U.S. equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see […]
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Stocks making the biggest moves premarket: Walmart, General Motors, Polaris and more
Check out the companies making headlines before the bell: Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said higher prices for food and fuel are prompting consumers to cut back, and it’s had to cut prices at its stores to […]
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What Walmart’s profit warning means for Amazon, Target and the rest of retail
Walmart ‘s recent profit warning could spell trouble for the broader retail market while further driving concerns that a recession may be sooner than anticipated, according to some analysts. The retailer on Monday slashed its profit outlook for the quarter and full year as shoppers shift spending from discretionary items like clothing and electronics toward […]
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Ferrari CEO shrugs off concerns about EV performance
A Ferrari photographed in Switzerland on March 2, 2015. The Italian company plans to launch a fully electric vehicle in 2025. Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm’s upcoming electric offering will compromise on performance, telling CNBC the luxury carmaker had […]
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McDonald’s earnings are out – Here are the numbers
\A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s reported its second-quarter earnings before the bell on Tuesday. Here are the numbers: Adjusted earnings per share: $2.55. Wall Street analysts surveyed by Refinitiv expected $2.47, which may not be comparable. […]
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3M will spin off its health care business into a new public company
A 3M logo is seen atop a Versaflo TR-300+ powered air purifying respirator hood as Nurse Evan Brost puts on personal protective equipment (PPE) before entering a patient room in a wing housing coronavirus disease (COVID-19) patients at UW Health University Hospital in Madison, Wisconsin, U.S. November 18, 2020. Daniel Acker | Reuters 3M announced […]
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Bank of America cuts Apple price target, citing foreign exchange headwinds
Ongoing foreign exchange headwinds, Covid-19 disruptions and a drop in services revenue will continue to hit Apple in the near future, according to Bank of America. Citing these concerns, analyst Wamsi Mohan slashed the bank’s price target on the stock to $185 from $200 a share in a note to clients on Tuesday. He noted […]
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Sam Bankman-Fried’s FTX is in talks to buy crypto exchange Bithumb, continuing its acquisition spree
Vidente, the owner of South Korean cryptocurrency exchange Bithumb, said on Tuesday it has held discussions about a possible sale of its stake to FTX. Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried’s (above) aggressive acquisition approach amid a major downturn in the cryptocurrency market. Stefani Reynolds | Bloomberg | […]
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