Category: United States

Microsoft Corp.’s Teams suffered an outage Friday, prompting users to voice their frustration on social media with the workplace-communications platform. “User reports indicate problems at Microsoft Teams,” the Down Detector website, which monitors online outages, posted Friday. Down Detector showed that as of 1:43 p.m. Eastern time, users had submitted 14,599 reports of problems with […]

With a rough 2023 in the rearview mirror, Levi Strauss & Co. this year is trying to tackle its problems with new pants. That includes pants with lighter-weight denim; pants for women that can be worn as high-rise or low-rise; and even nondenim pants that management, during Levi’s LEVI, +1.27% earnings call on Thursday, referred […]

The U.S. dollar has had a relatively strong start to 2024 — but some analysts believe the greenback is still more likely than not to depreciate over the course of this year.  The ICE U.S. Dollar Index DXY, which tracks the currency against a basket of six major rivals, has climbed about 2.1% so far […]

AMC Entertainment Holdings Inc. shares were up 2% Friday, putting the stock on pace to snap a four-day it rose 7.8%. Shares of the movie-theater chain and original meme-stock darling have hit a series of record lows recently and ended Thursday’s session at an all-time closing low of $ 4.08. Related: AMC’s CEO bemoans ‘painful’ stock […]

The residential real-estate asset class only partially acquitted itself over the last two years. I’m referring to what stock market investors are looking for when considering whether to diversify their portfolio into another asset class: They are hoping that the new asset class can produce a decent long-term return while simultaneously having a low correlation […]

American Express Co. saw net write-offs increase slightly in the latest quarter relative to a year before, but the company on Friday still came in ahead of Wall Street expectations with its financial forecasts for 2024. Shares were rocketing 8.7% in morning trading Friday and on pace for their largest single-day percentage gain since they […]

BrightSpring Health Services Inc. said late Thursday that its initial public offering priced at $ 13 a share, below its proposed range of $ 15 to $ 18. The Louisville, Ky.-based company, which offers home- and community-based services, sold 53.3 million shares to raise $ 693 million. With 171.2 million shares expected to be outstanding […]

Quick facts about bad-credit car financing: Even borrowers with numbers in the lowest credit score categories may find auto loan financing. You should dispute errors on your credit report when you find inaccurate information that lowers your credit score. Increasing your down payment on the car helps convince potential lenders that you are serious about your finances. Financing a car with […]

Utz Brands’ UTZ, +3.15% subsidiary issued a voluntary recall of 88 cases of potato chips on Thursday due to an undeclared milk contamination. Utz Quality Foods, based in Hanover, Pa., said it learned that about 1,200 single-serve bags with Utz Wavy Original Potato Chips were flavored with seasoning instead of the plain version of the […]

Intel Corp.’s stock hasn’t seen a double-digit percentage decline in more than two years. But it might break that streak after a downbeat earnings forecast. The company late Thursday issued an outlook for first-quarter adjusted earnings per share of 13 cents on revenue of $ 12.2 billion to $ 13.2 billion. Both forecasts came up […]

Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the chip maker has yet to capitalize on its AI opportunity. Since its third-quarter earnings, Intel’s stock INTC, +0.94% has surged about 50%, in part due to the potential of providing chips for artificial intelligence. One […]

With new leadership coming in after difficult 2023, Levi Strauss & Co. on Thursday announced plans to lay off staff and cut costs over the next few years — part of a multi-year “global productivity initiative” that didn’t do much for the iconic jeans-maker’s share price following a disappointing profit forecast. Levi Strauss LEVI, +0.19% […]

First came widespread predictions of a recession. Then a wave of forecasts called for a big slowdown in the economy. Now the question is, should we expect the economy to slow at all in 2024? There’s good reason not to, some economists say. Start with the labor market: Most Americans who want a job have […]

Nick Dunlap, the amateur golfer who won a $ 1.5 million prize from the American Express tournament last weekend but couldn’t collect it because he was still a college athlete, has decided to turn professional. The announcement comes after days of speculation that Dunlap could leave the University of Alabama golf team and play on […]

Tesla Inc. entered its earnings day under a cloud, and some of what investors had feared played out on Wednesday as the EV maker warned it may grow slower this year to focus on its next-generation vehicle. Its 2024 vehicle volume-growth rate “may be notably lower than the growth rate achieved in 2023, as our […]

Microchip manufacturer STMicroelectronics on Thursday said its revenues started to dip in the final three months of 2023 as it warned of a further slowdown in sales over the first quarter of 2024 caused by the slump in the global manufacturing sector.  The Swiss semiconductor maker, which counts Apple and Tesla as some of its […]

A sharp rise in rents over the past few years has left millions of tenants spending too much of their incomes on housing costs, pushing the share of so-called rent-burdened households to an all-time high, according to a new report. In an annual report by the Joint Center for Housing Studies of Harvard University released […]

SK Hynix 000660, -2.54% returned to an operating profit in the final quarter of 2023 on brisk demand for artificial-intelligence chips and other higher-end products. The South Korea memory-chip maker’s turnaround after posting four straight quarters of operating losses was the latest in signs pointing to a recovery in the global semiconductor industry. Operating profit […]

International Business Machines Corp.’s stock surged more than 8% higher in Wednesday’s extended session after the technology giant topped profit expectations for the latest quarter and called out an uptick in artificial-intelligence demand. The company posted net income of $ 3.3 billion, or $ 3.55 a share, compared with $ 2.9 billion, or $ 2.96 […]

Hewlett Packard Enterprise Co. said Wednesday that a suspected nation-state actor hacked its cloud-based email system. The organization is “believed to be the threat actor Midnight Blizzard, the state-sponsored actor also known as Cozy Bear,” HPE HPE, +1.68% said in a regulatory filing. Last week, Microsoft Corp. MSFT, +0.92% said the same group gained entry to […]