Tag: Breaking News: Business

Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

Billionaire investor Stanley Druckenmiller revealed Tuesday that he slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could...

Disney quarterly results are on deck. Here’s what to expect

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista,...

Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, ‘Poor Charlie’s Almanack’

Squishmallows in the images of Warren Buffett and Charlie Munger display at the Berkshire Hathaway Annual Shareholder Meeting at Omaha, Nebraska, on May 3,...

Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks

Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023.David...

McDonald’s is about to report earnings. Here’s what to expect

McDonald's french friesPicture Alliance | Picture Alliance | Getty ImagesMcDonald's is expected to report its first-quarter earnings before the bell on Tuesday.Here's what Wall...

Paramount and Skydance inch closer to a merger as key hurdle looms, sources say

Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone,...

VW workers in Tennessee vote to join UAW in historic win for Detroit union

Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024. Kevin Wurm | The Washington Post | Getty ImagesVolkswagen workers in Chattanooga, Tennessee,...

Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws

An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company's final assembly facility in...

Eclipse flights swarm airports: ‘We had to close the runway to park planes’

An airplane passes during a partial solar eclipse seen from Queens, New York City, U.S., April 8, 2024. Andrew Kelly | ReutersMonday's solar eclipse is...

Boeing CEO Calhoun took home $5 million last year, compensation package hit by Max crisis

Boeing CEO Dave Calhoun speaks with reporters on Capitol Hill in Washington, D.C., before meeting with a group of senators on Jan. 24, 2024.Jim...

Two Warner Bros. Discovery directors resign after antitrust probe

The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of...

Toyota could introduce electric, plug-in Tacoma and Tundra pickups

2024 Toyota Tacoma TrailhunterToyotaNEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid...

Lululemon shares plunge 16% on weak guidance, slowing North America growth

Shares of Lululemon plunged on Friday after the athletic apparel retailer issued disappointing guidance and said it's seeing soft sales in the U.S., its...

UAW says VW workers at Tennessee plant file for union election

A Volkswagen EV ID.4 crossover at the Volkswagen of America plant in Chattanooga, Tenneessee, on June 8, 2022.Michael Wayland | CNBCDETROIT — Volkswagen workers...

Why Walmart’s quick success in generative AI search should have Google worried

Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in...

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