Tag: Breaking News: Business
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OpenAI ‘will be a public company in 2027’ or sooner, CFO Friar tells employees
In an all hands meeting, Friar told employees not worry about rival Anthropic’s IPO timeline.
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Jim Cramer says buy Target on any pullback as turnaround takes hold
Wall Street cheered improving financial metrics across the board in its latest earnings results.
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Carvana shares are under pressure this week as Mark Walter probe fuels investor jitters
The scrutiny raised questions about what could happen to Walter’s Carvana position if fallout from the investigation pressures him to raise cash.
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Car dealerships are relying more on parts and service for profits
Dealership gross profits have fallen from the supply-constrained days of 2022. They are relying more heavily on the income streams that hedge against downturns.
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Weekly mortgage demand stalls along with interest rates, but rates are now moving higher again.
Mortgage rates were unchanged last week, as was mortgage demand, and total volume remains lower than year-ago levels.
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Moderna, Merck cancer vaccine shows promise in late-stage trial; Moderna stock soars 50%
The combination regimen significantly extended the time patients lived without their melanoma returning, compared with Keytruda alone.
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Lowe’s gives muted outlook as it sees ‘pressure’ in home improvement spending
Lowe’s reported mixed results as the retailer said it continued to see pressure in home improvement spending.
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Amazon to expand drone service to nearly 500 cities after targeting 1 million deliveries this year
Amazon has quietly expanded its drone service to more metro areas in recent months after receiving a key regulatory greenlight enabling longer-range deliveries.
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Target is set to report earnings before the bell. Here’s what to expect
Target is expected to report its fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress.
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Retail giant Costco sets its sights on a new kind of product: Medicare Advantage
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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