Marti157900/iStock Editorial via Getty Images Conn’s (NASDAQ:CONN) may file for Chapter 11 bankruptcy in the coming weeks, as the furniture retailer buckles under years of losses and challenges in integrating rival W.S. Badcock that it acquired last year, sources told Bloomberg. The news pushed Conn’s (CONN) stock down 31% toContinue Reading
mixmotive/iStock Editorial via Getty Images Paramount Global (NASDAQ:PARA) rose 3.3% in after hours trading after a report that media mogul Barry Diller and his company IAC Inc. (IAC) are exploring a bid to take control of the entertainment giant. IAC (IAC) has signed a non-disclosure agreement with National Amusements, Paramount’sContinue Reading
Debora Vandor/iStock via Getty Images Hawaiian Electric (NYSE:HE) fell 9.3% at least partly amid a report that the Federal Bureau of Alcohol, Tobacco, Firearms and Explosives has completed its report on the cause of the Maui wildfires. The public won’t be able to see the report until the Maui FireContinue Reading
Panama7 Logitech International’s (NASDAQ:LOGI) founder is pushing for the company’s chair Wendy Becker to be replaced. Logitech founder Daniel Borel wants to replace Becker with Guy Gecht as chair at the company’s annual meeting in September as he’s looking for a board member with more tech industry experience, according toContinue Reading
Parradee Kietsirikul Nvidia (NASDAQ:NVDA) will likely face charges by French antitrust regulators for alleged anti-competitive practices, according to a breaking news report by Reuters on Monday morning. “The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year, whichContinue Reading
querbeet As demand for electricity to power AI data centers surges, the tech industry is moving to secure a steady supply through nuclear-power plants, the Wall Street Journal has reported. Talks are ongoing with the owners of about a third of U.S. nuclear-power plants, according to the report. Amazon (NASDAQ:AMZN)Continue Reading
The EU is set to charge Facebook’s parent Meta (NASDAQ:META) with breaking the bloc’s landmark digital rules, the Financial Times reported on Monday. In March, the European Commission launched a non-compliance probe against Apple (AAPL), Alphabet’s (GOOGL) (GOOG) Google and Meta Platforms (META) for potential violations under the Digital MarketsContinue Reading
Jun. 28, 2024 3:00 PM ETSPDR® S&P 500® ETF Trust (SPY)CMCSA, F, GM, TM, BB, TPX, STZ, INSM, UTHR, MSM, SLP, LI, ALIM, TSLA, APDN, BOX, XAIR, GTHX, OVID, ASLN, NIO, SPCE, LMND, RIVN, XPEV, SNOW, STTK, KORE, LCID, GRND, PSNY, ZAPP, MFRMBy: Clark Schultz, SA News Editor Nikada/E+ viaContinue Reading
hapabapa Microsoft’s (NASDAQ:MSFT) multi-billion dollar investment into generative artificial intelligence company OpenAI may face additional scrutiny from the European Union’s antitrust chief over its use of Microsoft’s cloud technology, Bloomberg reported. Microsoft shares were fractionally higher in on Friday. Margrethe Vestager, the Executive Vice President of the European Commission, isContinue Reading
Nikada Asia-Pacific equity markets advanced on Friday as investors assessed stronger-than-expected industrial production data in Japan for May while awaiting a key US inflation reading due later today. The Japanese yen weakened to around 161 per dollar as the Ministry of Finance appointed Atsushi Mimura as Japan’s top currency diplomat,Continue Reading
