Business
Stock futures are little changed as Wall Street looks ahead to the start of earnings season
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE U.S. stock futures were little changed after hours Monday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter earnings season this week. Dow Jones Industrial Average futures rose by 16 points, or 0.05%. S&P […]
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Moviegoers are leaving their couches for theaters, bringing summer box office sales close to pre-pandemic levels
It’s becoming clearer that audiences are no longer satisfied just sitting on the couch to watch movies. Not only are they returning to movie theaters in droves, theater operators say they’re opting for pricier tickets and spending more on concessions. Over the weekend, Disney’s newest Marvel Cinematic Universe film, “Thor: Love and Thunder,” opened to […]
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Physicians must provide abortions in medical emergencies, regardless of state law, HHS says
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (COVID-19) at Capitol Hill in Washington, D.C., September 30, 2021. Shawn Thew | Pool | Reuters Physicians must provide abortions in medical emergencies under federal law and will […]
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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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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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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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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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Frontier urges Spirit to delay vote again, let shareholders consider ‘best and final’ offer
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Frontier Airlines has asked Spirit Airlines to further delay a shareholder vote on their planned merger to drum up more support from investors amid a bidding […]
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Costco CEO’s one-word answer to whether he would raise the price of hot dogs: ‘No’
Some good news for inflation-weary Americans: There will be no price hike on Costco’s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item’s price: “No.” Costco has continued to put up strong sales, even […]
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