Summary: U.S. stocks fell after a report showed unexpected worsening of inflation for Americans. Inflation rate for consumers in January was at 3%, worse than economists' expectations. This raised concerns about less relief from the Federal Reserve through rate cuts, impacting stock prices.
Full articleSummary: Google executives detailed plans to sunset diversity initiatives and defended dropping pledge against building militarized AI and surveillance. Employee questions and concerns raised about the company's shift in values and policies.
Full articleSummary: One person injured in a shooting at a McDonald's in west Columbus, Ohio after a verbal dispute between two individuals.
Full articleSummary: Nike is offering the women's Nike Blazer Low '77 Jumbo at a discounted price of $60, a 39% markdown compared to its original price of $100.
Full articleSummary: CVS Health exceeded fourth quarter earnings expectations for revenue and profit as part of a turnaround strategy to enhance its competitive position in the pharmaceutical sector and address operational costs in its Medicare Advantage business.
Full articleSummary: The Charles Schwab Corporation completed a secondary offering of 165,443,530 shares of common stock at $79.25 per share, totaling $13.1 billion. TD Group US Holdings LLC, an affiliate of The Toronto-Dominion Bank, led the offering and disposed of all its shares. Two directors resigned from Charles Schwab's board in connection with this disposition.
Full articleSummary: Chevron plans to lay off 15% to 20% of its global workforce by May or June as part of $3 billion cost-cutting target through 2026.
Full articleSummary: GE.com has been updated to serve three go-forward companies: GE Aerospace, GE Vernova, and GE HealthCare.
Full articleSummary: Bank of America CEO Brian Moynihan expects no rate cuts in the near future due to strong consumer spending and elevated inflation.
Full articleSummary: The Charles Schwab Corporation completed a secondary offering by TD Group US Holdings LLC, resulting in the sale of 165,443,530 shares of the Company’s common stock at $79.25 per share for $13.1 billion. TD has disposed of all its shares, and two directors have resigned from Charles Schwab’s board. The secondary offering was led by TD Securities and Goldman Sachs & Co. LLC.
Full articleSummary: Meta is potentially looking to acquire FuriosaAI to reduce reliance on Nvidia for chip development. FuriosaAI plans to enter mass production of its RNGD chip with a focus on performance per watt. Additionally, other companies like OpenAI are also developing their own custom AI training chips to lessen dependence on Nvidia.
Full articleSummary: Pennsylvanians warned about a cyber scam involving fake PayPal invoices prompting requests for payment and personal information.
Full articleSummary: Rumors suggest that Nvidia's RTX 5070 release may be delayed until early March, possibly influenced by supply chain issues and competition from AMD's RX 9070 series.
Full articleSummary: JPMorgan is planning a series of layoffs throughout 2025, starting with fewer than 1,000 job cuts in February and more to come in mid-March, May, June, August, and September.
Full articleSummary: Acuren Corporation's common stock has been approved for listing on the NYSE American under the symbol 'TIC'. The company expects this listing to extend its reach with investors, increase trading liquidity, and raise its corporate profile.
Full articleSummary: Insider Monkey compiled a list of the 10 Large-Cap Stocks Insiders Are Selling Recently. Broadcom Inc. (NASDAQ:AVGO) is one of the large-cap stocks mentioned. Insider moves can provide valuable insights into a company's potential and performance, but should be analyzed in conjunction with other factors before making investment decisions.
Full articleSummary: Nike and NFL released Super Bowl commercials focusing on highlighting sexism in society, receiving criticism for missing the mark on addressing current women's issues and portraying unrealistic scenarios.
Full articleSummary: US stocks closed Wednesday's session mixed, with the Dow Jones falling by half a percent and the Nasdaq barely above its flat line after the release of the January Consumer Price Index (CPI) data.
Full articleSummary: Acuren Corporation's common stock (OTCQX: TICA) has been approved for listing on the NYSE American stock exchange under the new symbol 'TIC' starting February 18, 2025. The move is expected to increase trading liquidity, raise corporate profile, and open up growth opportunities within the TIC sector.
Full articleSummary: Jim Cramer emphasizes the importance of financial literacy and retirement planning, preferring IRAs over 401k in some cases.
Full articleSummary: AMD faces challenges in the AI chip race against Nvidia due to a breakthrough by Chinese startup DeepSeek in AI efficiency. Top investor JR Research expresses disappointment in AMD's cautious outlook on AI revenue and lack of clarity on future projections. Despite this, Wall Street analysts remain optimistic about AMD's comeback potential.
Full articleSummary: Chevron plans to cut 15-20% of its workforce to reduce costs and simplify its organizational structure, with an emphasis on saving $2 to $3 billion through 2026. The pending acquisition of Hess adds uncertainty.
Full articleSummary: Walt Disney is rebranding its DEI program as -MyDisneyToday- to focus on business outcomes and talent strategy, changing executive compensation criteria to evaluate leaders advancing company's values.
Full articleSummary: A consortium led by Elon Musk offered $97.4 billion to buy OpenAI, but the non-profit has not officially received the bid. Sam Altman, CEO of OpenAI, stated that the company is not for sale and is seeking a transition from a nonprofit to a for-profit entity to secure capital for AI development.
Full articleSummary: FedEx has been working with the USO for the past 24 years, providing in-kind shipping and cash grants to support USO programs and activities.
Full articleSummary: Chevron plans to lay off 15-20% of its global workforce by the end of 2026 in a cost-cutting effort, amid production challenges, a major acquisition in limbo, and industry-wide weakness in the refining business.
Full articleSummary: Missouri's Republican Attorney General sued Starbucks, claiming their diversity, equity, and inclusion policies discriminate on race and sex. Starbucks denies allegations. Lawsuit states Starbucks' DEI commitment is a pretext for discrimination.
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