Trump Media narrows quarterly loss to $16.4 million
Truth Social parent ended June quarter with $344 million in cash, posts revenue of $837,000.
Warner Bros. Discovery CEO Zaslav facing pressure to deliver value
David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. Mike Blake | Reuters Warner Bros. Discovery CEO David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is […]
Starboard Value is the latest activist investor to take a stake in Starbucks, WSJ reports
With Starbucks Corp.’s stock in the midst of a hefty decline this year, activist investors continue to circle the coffee chain. The latest to do so, according to a report on Friday, is hedge fund Starboard Value.
Stellantis laying off 2,450 workers due to outgoing Ram pickup
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit on Jan. 15, 2018. Brendan McDermid | Reuters DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram […]
JPMorgan Chase rolls out AI assistant powered by ChatGPT-maker OpenAI
JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM Suite, is already available to more than 60,000 employees, helping them with tasks like writing […]
My homeowners insurance in Tennessee went up 27% — and I’ve had no claims. What gives?
“I feel like I got punished with such a high increase.”
Life Time creates its own pickleball as the sport booms
Life Time has filed a patent to create The Ultimate Pickleball. Courtesy: Life Time Tired of playing with pickleballs he found inconsistent in bounce and durability, Life Time‘s founder and CEO Bahram Akradi decided to take matters into his own hands. On Friday, the upscale fitness and lifestyle company announced it has created what it […]
No. 1 NFL pick Caleb Williams asked for his $40 million contract to go into an LLC. Can he do that?
There are financial benefits to treating yourself as a brand instead of an employee.
Eli Lilly (LLY) earnings Q2 2024
Eli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Shares of Eli Lilly closed more than 9% higher on Thursday. The drugmaker now expects revenue for the year […]
SoundHound sees losses outstrip revenue, though AI company beats on the top line
SoundHound, which makes voice AI technology, saw its stock pop in the regular session after the company made an acquisition announcement.
