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Business News

Location American Business News for 11 October 2024
How China's crackdown turned finance high-flyers into 'rats' Chinese authorities have been cracking down on businesses from real estate to technology to finance.
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Nike elevates another company veteran, as new CEO prepares to take reins Nike Inc. on Thursday said it would bring in another three-decade company veteran to lead its business in North America, in an effort to rejuvenate demand as its new chief executive prepares to come aboard.
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Ceribell's stock soars 36% in trading debut after pricing IPO at top of range Ceribell Inc., a medical-device maker that uses artificial intelligence to monitor patient seizures, was on track for a strong trading debut Friday, after its initial public offering priced at the top of its proposed ran...
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Dow hits all-time high, soars over 300 points as investors cheer big bank earnings All three major indexes were on track to notching their fifth consecutive week of gains.
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Volkswagen Car Deliveries Fall as Industry Challenges Mount

Wall Street Journal - 11 Oct 2024 16:40
Volkswagen Car Deliveries Fall as Industry Challenges Mount Volkswagen delivered fewer cars in the third quarter as the automaker navigates an increasingly challenging market hit by a price war in China and high domestic production costs.
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Morgan Stanley recently met with Nvidia's management team. Here are the biggest takeaways as the bank eyes another 12% upside for the stock. Nvidia's Blackwell GPU chips are sold out for the next 12 months, Morgan Stanley said after hosting CEO Jensen Huang and CFO Colette Kress.
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Disney World employees felt pressured to stay and work despite forecasts of looming tornadoes and flash floods in the hours leading up to Hurricane Milton Disney cast members told Business Insider they were unhappy with scheduling, logistics, and safety precautions in the hours before Milton's arrival.
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AMD's AI event lacked a wow factor, but here's one reason investors should be excited Advanced Micro Devices Inc.'s AI event Thursday lacked a major wow factor, as hopes for more new-customer news did not materialize. But there was some news that should excite investors.
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Mint Primer | Office leasing has rebounded: Will it aid the economy? Office leasing is likely to see a historic high of 70 million sq. ft in 2024, across nine cities, surpassing the peak of 66.6 million sq. ft seen in 2019, as per estimates by property advisory CBRE India.
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PepsiCo probably raised its prices too much, and now it'll have to pay, analyst says PepsiCo Inc. hiked its prices through the pandemic and the supply disruptions that followed, and now the beverage and snacks giant could have to reverse course with more discounts, TD Cowen analysts said Thursday in down...
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AMD just launched its new AI chip, but analysts say it's still a year behind Nvidia Industry analysts say that while AMD's new GPU series is an improvement, it is still behind Nvidia's Blackwell.
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CNN and Fox News Announce Harris and Trump Town Halls With another presidential debate looking increasingly unlikely, the cable news networks have pivoted to another format they know well--town halls. On Friday, CNN and Fox News both announced separate town halls with the c...
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Five things we've learned from the Post Office boss The quizzing of Post Office chief executive Nick Read this week produced some key revelations.
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Boeing to lay off thousands of workers, warns of quarterly loss and weaker sales Boeing surprised markets late Friday with news that it plans to cut about 10% of its workforce, and warned investors that it is looking at a much bigger third-quarter loss and weaker sales than Wall Street expected.
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Russian Finance Minister: Western Policies Hurt the US Dollar Russian Finance Minister Anton Siluanov believes that the policies of the US and its Western allies are affecting the role of the U.S. dollar as a reserve currency. Siluanov stated that while the U.S. dollar will remain ...
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Charli XCX made $10 million off her 'Brat summer.' Now that it's fall, can she keep the momentum? Charli XCX previewed her new remix album, "Brat and It's Completely Different But Also Still Brat," at Storm King Art Center in upstate New York.
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Officials across 14 states are suing TikTok for what they say is an addictive algorithm that endangers children's mental and physical health.
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In a memo to employees, Boeing CEO Kelly Ortberg said the company was in a difficult position and taking steps toward restoration.
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Joseph H. Reich, Charter School Pioneer, Dies at 89

The New York Times - 11 Oct 2024 23:19
Joseph H. Reich, Charter School Pioneer, Dies at 89 When he and his wife opened the Beginning With Children school in Brooklyn to offer more educational opportunities to children, they set off a national trend.
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Here are some of the major companies whose stocks moved on the week's news.
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Uber, Lyft avoided millions in pay by locking NYC drivers out of apps: report Rideshare app drivers have been getting locked out of the two apps - with messages that flash "unable to go online" or tell drivers to go to a busier location - for minutes or hours at a time.
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Photos show some houses survived Hurricanes Helene and Milton while their neighbors crumbled. Homeowners can learn from them. Hurricanes flatten some homes while others just next door survive the storm. Experts say garage doors, windows, and roofs can make or break a house.
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