Category: United States

Arena Group Holdings Inc., the media company that runs Sports Illustrated and TheStreet, said Friday that interim Chief Executive Manoj Bhargava had resigned to steer clear of potential conflicts, and that it had missed some payments and tapped a consulting firm to help shore up its finances. Arena AREN, -16.99% shares plummeted 27.9% after hours […]

AMC Entertainment Holdings Inc. extended its losing streak to five days Friday, with the stock ending the session down 2.5% to $ 5.15. AMC AMC, -2.45% shares are now on their longest losing streak since a seven-day slide that ended on Aug. 29, 2023. The movie-theater chain and onetime meme-stock darling ended Thursday’s session at a […]

After pandemic lockdowns in 2020 that shuttered many restaurants, followed by price increases throughout 2022 and 2023, Oppenheimer analysts on Friday said 2024 would be a year of “normalization” for the industry, with easing costs and lower prices on menus. However, they said, the cost of dining out will likely stay above historical levels. “Menu […]

The U.S. market for initial public offerings is expected to stage a recovery in 2024 from the drought of the last two years, buoyed by expectations the Federal Reserve will switch to a rate-cutting cycle and boost market conditions. A hoped-for rebound failed to fully take hold in 2023 amid geopolitical uncertainty, interest-rate hikes and […]

Constellation Brands Inc.’s stock reversed early losses to trade higher early Friday, after the wine and spirits distributor posted better-than-expected profit for its fiscal third quarter, though sales fell short and the company lowered its full-year guidance. The company posted net income of $ 509.1 million. or $ 2.76 a share, for the quarter to […]

Are you hungry for change — in the most literal sense? The new year will likely see many shifts in what Americans eat and sip. It’s the inevitable out-with-the-old and in-with-the-new pattern that has come to define the dining and drinking scene. In fact, some of these trends were already rising to the fore in […]

Hedge fund manager Tom Hayes has taken a clear view on Mobileye , which on Thursday saw its share price plunge 25%, in turning his nose up at the prospect of investing in the Intel spinoff by stating that he refuses to go “dumpster diving.”  Hayes, who founded New York investment fund Great Hill Capital […]

AMC Entertainment Holdings Inc. hit another record low close Thursday, ending the session at $ 5.30 after falling 5%. The stock is now on a four-day losing streak, its longest since a five-day streak that ended on Nov. 13, 2023. The movie-theater chain and onetime meme-stock darling had ended Wednesday’s session at a then-record low […]

Peloton Interactive Inc. shares surged Thursday after the connected-exercise platform announced an exclusive partnership with TikTok. The deal will create a dedicated Peloton hub on the video-based social network with custom Peloton content, the companies said in a joint statement. TikTok users will be able to access live Peloton classes, instructor series, celebrity collaborations and […]

One of the world’s largest supermarket chains is yanking popular PepsiCo Inc. products from shelves in Europe due to their high prices. France-based Carrefour S.A. CA, +0.93%, which operates more than 12,000 supermarkets worldwide, started removing items including Doritos and Lays chips, Pepsi and 7-Up soda, Lipton tea and Quaker foods from stores in France, […]

Dear Quentin, I recently read the letter you answered from the person whose contractor used $ 100,000 of their money to pay off a debt. I worked for a company that was similarly ethically challenged, and where I signed a nonsolicitation and confidentiality agreement.  I didn’t realize what I was signing at the time, as […]

State legislatures are taking the lead in regulating artificial intelligence after a quarter-century in which Congress has failed to come up with substantive laws governing tech. The specter of AI and its wide-ranging potential impact on every aspect of life in the U.S. has lawmakers, stung by their failure to police social media and protect […]

More than 800,000 workers across seven states have amassed more than $ 1 billion in retirement savings through state programs that are filling in gaps for workers who don’t have a workplace retirement-savings plan.  Beginning in 2017, states have stepped in to help the millions of workers who lack access to an employer-sponsored retirement plan. […]

The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 — three years of COVID-19 and economic disruption — and 2022 was also a terrible year in terms of stock and bond returns.  At the same time, the government provided unprecedented fiscal support, employment remained strong, the […]

Shares in JD Sports Fashion plummeted 22% on Thursday as the sportswear retailer slashed its guidance, in another sign of a slump in the global sportswear market following Nike’s warning of a drop in consumer spending last month.  JD Sports Fashion JD, -22.32% has cut its profit guidance, citing weaker-than-expected sales during its peak trading […]

GSI Technology Inc. has been awarded a $ 1.1 million contract to develop an artificial-intelligence chip for the U.S. Department of the Air Force, the company announced Wednesday. The chip will be used by the Air Force for in-aircraft search and rescue, object detection, moving-target indication and change detection, GSI GSIT, -4.14% said. The technology […]

Mark Zuckerberg cashed in on his company’s 2023 stock rally in a big way — selling nearly $ 428 million worth of shares in Meta Platforms Inc. over the final two months of the year. The Meta META, -0.53% co-founder and chief executive offloaded just under 1.8 million shares over the course of every trading […]

““The campaign against me was about more than one university and one leader. This was merely a single skirmish in a broader war to unravel public faith in pillars of American society.”” Those are the words of Claudine Gay, who on Tuesday announced her resignation as president of Harvard University, in a New York Times […]

If you’re on Medicare and you’re going to be treated in a hospital, you might want to think twice before checking into one owned by a private-equity fund. There’s a good chance they’re skimping on hygiene and safety in order to squeeze out every nickel of profit. That, at least, is the implication of a […]

U.S. stocks remained lower on Wednesday after minutes from the Federal Reserve’s December meeting showed that policymakers had a high level of uncertainty around their interest-rate projections and did not rule out further rate hikes. How stock indexes are trading The S&P 500 SPX dipped 28 points, or 0.6%, to 4,715. The Dow Jones Industrial […]