Natural-gas prices surge 10%, bouncing after Chesapeake cuts production outlook
Natural-gas futures jumped sharply Wednesday morning, bouncing after ending the previous session at the lowest in more than three and a half years after Chesapeake Energy, a major shale producer, cut its production outlook. Meanwhile, oil futures ticked slightly higher in rangebound trading as investors monitored developments in the Middle East and weighed the outlook […]
Beyond Meat launches new, healthier version of burger
The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodium Source: Beyond Meat Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. The unveiling Wednesday comes at a pivotal time […]
Amazon to join Dow Jones Industrial Average next week
Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect “the evolving nature of the American economy,” S&P Dow Jones Indices said late Tuesday. Amazon AMZN, -1.43% replaces Walgreens Boots Alliance Inc. WBA, +1.50% in the Dow Jones DJIA. The change was prompted by Walmart Inc.’s […]
AbbVie taps Robert Michael as CEO, succeeding Richard Gonzalez
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021. Dado Ruvic | Reuters AbbVie on Tuesday said longtime executive Robert Michael will become the company’s new CEO, replacing Richard Gonzalez. Michael, who is AbbVie’s president and chief operating officer, will become the company’s second-ever CEO […]
Intuitive Machines (LUNR) stock surges as lander approaches the moon
The company’s IM-1 mission lander shortly after launching on Feb. 15, 2024. Intuitive Machines Shares of Intuitive Machines jumped for a third consecutive trading session, surpassing their post-SPAC debut price, as the company’s first mission completed further milestones as it approached the moon. Intuitive Machines’ stock surged as much as 65% in trading Tuesday to […]
Bed Bath & Beyond parent ‘dissatisfied’ with Q4 results, reassessing its portfolio
Beyond BYON, +4.98%, the owner of Bed Bath & Beyond and Overstock, said revenue fell in the latest quarter and that it is reviewing its portfolio to meet its full-year financial goals. The location-based online retailer posted fourth-quarter loss of $161 million, or $3.55 a share, compared with a loss of $15.5 million, or 34 […]
American Airlines raises bag fees, limits miles for travel agency bookings
An American Airlines plane sits at the gate at Cancun International Airport on May 26, 2023. Daniel Slim | AFP | Getty Images American Airlines has raised the price to check a bag for the first time in more than five years and said it would limit which travel agency bookings are eligible to earn […]
Citigroup CEO Jane Fraser got a raise last year, but still makes less than rival bank CEOs
Citigroup Chief Executive Jane Fraser got a roughly 6% year-over-year raise last year, bringing her total 2023 compensation to $26 million, the bank said on Tuesday, citing what it said were her “sound” strategic priorities. Fraser’s total compensation package for 2023 included a $1.5 million base salary, a $3.675 million cash incentive and around $20.8 […]
FuboTV sues Disney, Fox, Warner Bros. over sports joint venture
Sports streaming platform FuboTV is suing Disney, Fox and Warner Bros. Discovery over their recently announced joint venture, citing what the company calls “extreme suppression of competition in the U.S. sports-focused streaming market,” according to a copy of the lawsuit obtained by CNBC. The joint venture, announced earlier this month, aims to offer viewers a […]
Macy’s activist Arkhouse launches proxy fight with nine directors
Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images Investment firm Arkhouse Management has launched a proxy fight at Macy’s, nominating a slate of nine directors for election to the department store’s board. The nominees include former Brookfield executive Ric Clark; […]
