Business News
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McKinsey is close to paying more than $600mn to settle a criminal investigation into its work advising US opioid manufacturers on how to boost sales, following claims it fuelled the country’s addiction crisis. The US … Read more
The cosmetics and skincare company e.l.f. Beauty, Inc. is denying allegations made by short seller Carson Block, founder of Muddy Waters Research, that the company has been inflating its revenue. “Muddy Waters’ latest report is an attempt by a noted short seller to negatively impact e.l.f. Beauty’s share price for its own benefit and at the … Read more
(Bloomberg) — Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline. Most Read from Bloomberg “It’s going to start to roll over, and when that happens, that’s when the US is at risk for losing our energy independence,” Chief Executive Officer Vicki … Read more
izusek Shares of Gap (NYSE:GAP) and Ross Stores (NASDAQ:ROST) each climbed late Thursday, with the former retailer offering an upbeat view of the key shopping season, while a soft forecast from Intuit (NASDAQ:INTU) sent its stock price sliding. Movers: Gap (
‘Varney & Co.’ host Stuart Varney discussed the opportunity Elon Musk and Vivek Ramaswamy have to cut ‘waste and fraud’ out of the government. During his “My Take” on Thursday, “Varney & Co.” host Stuart Varney discussed how President-elect Trump tapping Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency will make … Read more
(Corrects typographical error in paragraph 1) By Rich McKay and Daniel Trotta (Reuters) -The northwestern U.S. avoided getting hit by a second “bomb cyclone” on Thursday when the storm’s fury came up short of forecasts, but an ongoing “atmospheric river” deluged northern California with wind and rain. The first bomb cyclone, in which rapidly dropping … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US president-elect Donald Trump has nominated Pam Bondi for attorney-general just hours after Matt Gaetz, his initial pick, withdrew from consideration for the role. The unexpected move injected fresh drama into Trump’s selection … Read more
Dario Amodei, the CEO of $19 billion AI startup Anthropic, doesn’t think humanity is in any immediate danger from evolving artificial intelligence models and tools. But he has a problem with the justification some his peers use to pooh-pooh the risks. Speaking at an AI conference in San Francisco on Wednesday, Amodei took issue with … Read more
Impressive news from a high-profile business partner was a major reason for the stock price pop experienced by SoundHound AI (NASDAQ: SOUN) on Thursday. The artificial intelligence (AI) company was up by nearly 9% in late-session trading, a rate that was easily topping the 0.8% rise of the S&P 500 (SNPINDEX: ^GSPC). That news was … Read more
Pagaya Technologies (NASDAQ:PGY) files a prospectus related to offer and resale of up to 504,440 of class A ordinary shares. The company will not receive any proceeds from the sale of ordinary shares by the selling shareholder. This prospectus is not an offer to sell. Filing More on Pagaya Technologies