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Business News

Location American Business News for 1 May 2024
Biden Cancels $6.1 Billion in Debt for Former Art Institute Students The announcement covers 317,000 former students and marks another step in the administration's student loan relief efforts.
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Its flagship will open with a 30th-anniversary exhibition featuring works by all of the gallery's 80 artists.
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Biden orders spy agencies to share more cyber-threat intel with banks A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
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Next Backs Guidance as Sales Rise Tops Hopes

Wall Street Journal - 1 May 2024 09:26
Next Backs Guidance as Sales Rise Tops Hopes Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.
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The $21 billion influencer industry has gone completely off the rails Influencer marketing is booming, but the largely unregulated industry is rife with fraud, discrimination, and just plain sketchy deals.
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Nvidia is chip sector's only hope after AMD and Super Micro disappoint Investors better hope that Nvidia Corp. exceeds Wall Street's current expectations, after Tuesday's disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.
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Pinterest's stock soars 17% on big revenue and profit beat, 500 million monthly active users Pinterest Inc.'s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.
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Exxon to Close Megadeal; Pioneer Ex-CEO to Be Barred from Exxon Board in Deal With FTC Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.
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India's CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud The CBI in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme. The post India’s CBI Conducts Nationwide Search Operation in Crackd...
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I don't want to leave all my money in a CD for a year or more and potentially not have access to it — CD ladders make it easier not to worry.
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Garmin's stock soars toward best day in four years as fitness-tracker sales boom Garmin Ltd.'s stock soared12% Wednesday to put it on track for its biggest one-day gain in more than four years, after the maker of navigation devices and fitness trackers swept past earnings estimates for the first quar...
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UnitedHealth CEO faces Change Healthcare hack scrutiny on Capitol Hill UnitedHealth Group's dominance in the U.S. healthcare industry was in the spotlight on Capitol Hill Wednesday as its CEO faced two Congressional hearings on the cyberattack on its Change Healthcare unit.
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Amazon earnings cheered as 'objectively excellent' -- with any blemishes mere 'nitpicks' While shares saw a somewhat muted reaction, analysts saw plenty of reason to cheer.
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Cruise operator Viking's IPO values company at $10.36 billion to mark biggest deal of year Viking's stock will start trading on the New York Stock Exchange later Wednesday.
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Cannabis stocks settle down after rally on plans to reclassify pot as less dangerous Canopy Growth, Tilray move up in premarket trades after dramatic rally on DEA's plan to make pot a Schedule III controlled substance
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Mastercard's stock falls after earnings as company cuts full-year growth outlook The company lowered its revenue-growth forecast for 2024 and showed a slowdown in volume growth for April.
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China's new aircraft carrier is being tested at sea for the first time, but US carriers 'remain in an echelon of their own,' expert says China launched the first sea trial of its most advanced aircraft carrier, but it still falls short of US Navy carrier standards, an analyst told CNN.
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Inside Zillow's failed housing market bet: 30,000-plus homes acquired, 5,000 sold to Wall Street landlords For a more detailed understanding of who bought the homes that Zillow sold off two years ago, ResiClub reached out to SFR Analytics. Want more stories from Lance Lambert'sResiClubin your inbox?Subscribeto the free, daily...
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Wanted: Megabank Chief Willing to Work for Half Pay

Wall Street Journal - 1 May 2024 06:00
HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss.
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Argentina President Javier Milei's scaled-back package of reform measures designed to turn around an economy with the highest rate of inflation in the world won approval from in the lower-house of congress.
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Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business...
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CEO of Anthropic — the AI company Amazon is betting billions on — says it could cost $10 billion to train AI in 2 years Anthropic CEO Dario Amodei discussed the future of Anthropic, its chatbot Claude, and the billion-dollar AI industry in a Tuesday interview with CNBC.
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