Two things investors can be sure about: Nothing lasts forever and the stock market always overreacts. The spiking of yields on long-term U.S. Treasury securities has been breathtaking, and it has led…
Tag: corporate
Macy’s to open up to 30 small-format stores through 2025
Macy’s Inc. said Tuesday it’s planning to open up to 30 small-format stores through fall of 2025, that will add to the nearly 15 small-format Macy’s and Bloomingdale’s locations it currently operates….
Amazon Used Secret 'Project Nessie' Algorithm to Raise Prices
Amazon.com used an algorithm code-named “Project Nessie” to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the FTC’s monopoly lawsuit. Source…
PNC earnings to be boosted buying capital commitment portfolio from ex-Signature Bank
PNC Financial Services Group Inc. PNC, -0.35% said Tuesday it’s purchasing a $16.6 billion portfolio of Signature Bridge Bank NA commitment facilities from the Federal Insurance Deposit Corp. for an undisclosed sum….
Netflix Plans to Raise Subscription Prices After Actors Strike Ends
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Senators Probe TikTok's Executive Transfers From ByteDance
The senators want information about TikTok’s ties to its parent, including whether it disclosed recent personnel moves to the U.S. government. Source link
As Tesla Deliveries Sputter, BYD Looks Alluring
Tesla appears overvalued when compared with traditional carmakers. Less appreciated is the huge valuation gap that has opened up relative to its closest electric-vehicle peer. Source link
Meta Plans to Charge $14 a Month for Ad-Free Instagram
European users would have the option to pay a fee or agree to personalized ads, according to the company’s pitch to regulators. Source link
U.S. Car Sales Expected to Increase Again in the Third Quarter
The car market has yet to see an impact from UAW strike-related factory shutdowns. Source link
Vivek Ramaswamy's Former Company Is Doing Just Fine Without Him
Roivant wouldn’t be where it is without the Republican presidential candidate, but his departure has made the company more palatable to Wall Street. Source link