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Business News

Location American Business News for 10 September 2024
Under Armour calls for bigger losses ahead on higher restructuring charges Shares of Under Armour Inc. dropped in the extended session Monday after the retailer said it expects a bigger operating loss in fiscal 2025 thanks to increased restructuring costs.
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Shares of Hewlett Packard Enterprise dropped in postmarket trading after the company said it has commenced a public offering of $1.35 billion of Series C mandatory company convertible preferred stock.
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Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023 During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that ...
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How to pick the best cruises to see the northern lights, eclipses, and galaxies, according to an astrophysicist Whether you want to see the northern lights or a meteor shower, astrophysicist Hakeem Oluseyi gives tips on stargazing from a cruise.
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EU court orders Apple to pay $14.4 billion in back taxes to Ireland The European Court of Justice upheld the decision by the European Commission which accused Ireland of violating rules to grant benefits to Apple.
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Southwest Airlines to keep CEO despite Elliott's call of 'inadequate' management Southwest Airlines' stock fell Tuesday, after the air carrier expressed confidence in Chief Executive Bob Jordan's leadership, despite calls from activist investor Elliott Investment Management L.P. that management was "...
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Oracle's stock surges after earnings -- and another catalyst is on the horizon While Oracle's outlook for the current quarter was in line with expectations, the company could boost its fiscal 2026 outlook at Thursday's investor day.
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After 'dancing with the devil' Unilever may be about to exit Russia Consumer goods giant Unilever PLC NL:UNA UK:ULVR is set to sell its Russian business, according to reports.
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Nvidia stock is on track to double in coming years as AI follows the path of past tech bubbles, portfolio manager says Nvidia has slid in recent weeks as investors question whether its blistering rally can continue. A portfolio manager says it has plenty more room to run.
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Mark Cuban defends Harris, says people who don't want a presidential candidate 'capable of hugging' should 'seek psychological help' "Empathy and kindness are skills that are possessed by great leaders in 2024," Cuban wrote in an X post.
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It's time for the US to withdraw from the Basel capital accords The Basel capital rules long ago proved themselves to be ineffective and unwieldy. A former FDIC chairman said that history offers us a better alternative in the form of a regulator-centric model rooted in a pre-Basel ap...
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Shares of Mission Produce gained after the company posted higher revenue and profit in its fiscal third quarter.
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FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% ...
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Shares of Dave & Buster's gained after the company posted higher profit and revenue in its fiscal second quarter.
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Hamster Kombat Announces Exchanges That Will List HMSTR After Airdrop The team behind Hamster Kombat, one of the most successful Telegram-based games, has released information on the exchanges that are confirmed to list its token after the upcoming airdrop. The team has announced that HMST...
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How to preorder the Apple Watch Series 10

Business Insider - 10 Sep 2024 23:36
The Apple Watch Series 10 is now available to preorder. Here's where to find the brand's latest smart watch, plus some of the best Apple Watch deals.
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DeepWell said it has received a groundbreaking clearance from the FDA for games and interactive media to treat mental health problems.
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A residential around-the-world cruise is delayed again — and waiting buyers won't get free hotels anymore Villa Vie Odyssey was supposed to begin its never-ending cruise in May. The company said Monday it can no longer pay for its buyers' accommodations.
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Quince's new denim collection has $50 stretchy jeans that come in multiple lengths — here's how they fit 2 different body types Two style editors put Quince's new denim collection to the test. They look and feel almost like jeans from premium brands like Mother Denim.
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GameStop stock sinks 7% after retailer's sales fall in second quarter GameStop Corp. shares fell more than 7% in after-hours trading Tuesday after the videogame retailer surprised investors with a quarterly profit, but sales dropped more than 30%.
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Southwest Airlines Overhauls Board Amid Activist Pressure

Wall Street Journal - 10 Sep 2024 23:32
Southwest Airlines Overhauls Board Amid Activist Pressure Executive Chairman Gary Kelly plans to retire as part of a shake-up of the airline's board, under pressure from activist investor Elliott Management.
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Crypto exchange volumes reflect Bitcoin traders' 'reduced trading appetite' -- Glassnode Glassnode data highlights a "notable decline in trade activity over the last quarter," but traders are hopeful that Q4 will bring a sharp trend reversal.
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