Expedia stock jumps on report of acquisition interest by Uber
Shares of Expedia Group Inc. jumped more than 7% in after-hours trading Wednesday after the Financial Times reported Uber Technologies Inc. was considering a bid to buy the online travel company.
GM updates highly profitable large SUVs
DETROIT — General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand’s long-standing segment leadership. The Detroit automaker’s Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for more than 45 years, according to GM. But increased competition from automakers such as Ford […]
Elon Musk selects Omead Afshar to lead Tesla’s North America, Europe operations: report
Amid slumping share prices and electric-vehicle demand, Tesla Inc. Chief Executive Elon Musk has reportedly shaken things up at the company’s business in North America and Europe.
Ulta Beauty shares tick up slightly, despite ‘headwinds’ in beauty industry
An Ulta Beauty store in New York on Aug. 19, 2024. Yuki Iwamura | Bloomberg | Getty Images Ulta Beauty shares ticked up slightly on Wednesday, despite the company saying it sees “headwinds” and tougher competition in the beauty industry. As it hosted its investor day near its Chicago headquarters on Wednesday, the specialty retailer […]
Telecom exec pleads guilty to stealing $100 million from fraud-plagued government program
Issa Asad admitted to submitting phony customer data for years to Lifeline, an FCC program providing discounted telephone and internet service to low-income Americans,
GM, Lithium Americas agree to $625 million joint venture
The clay mixture from which lithium will be extracted is held by Tim Crowley, spokesman for Lithium Americas Corp. Carolyn Cole | Los Angeles Times | Getty Images DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to […]
How money manager Meb Faber’s one-of-a-kind ETF beats the market without Nvidia and other Big Tech stocks
Cambria Investment’s Faber tells MarketWatch how he makes shareholders money by owning high-quality, dividend-paying stocks that most investors overlook.
Morgan Stanley (MS) earnings Q3 2024
Morgan Stanley on Wednesday topped analysts’ estimates for third quarter profit as each of its three main divisions generated more revenue than expected. Here’s what the company reported: Earnings:$1.88 a share vs $1.58 LSEG estimate Revenue: $15.38 billion vs. $14.41 billion estimate The bank said profit rose 32% to $3.2 billion, or $1.88 per share, […]
Automated parking robots are the latest luxury real estate amenity
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots. The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds of bar codes embedded in the floors. Residents who pull into one […]
Two beaten-up home-goods brands are joining forces. This one’s stock is rallying.
Shares of the Container Store Group Inc. surged after hours on Tuesday after the struggling storage retail chain said it had secured the backing of home-goods seller Beyond Inc., the company that owns Bed Bath & Beyond and Overstock.
