Summary: Todd Newman has rejoined Morgan Stanley Wealth Management after leaving Wells Fargo nine years ago. Newman will be based in Wyomissing, Pennsylvania, focusing on advisory services such as education funding, estate planning, insurance, and retirement planning.
Full articleSummary: Financial giants have shown bearish sentiment towards Wells Fargo with a majority of traders exhibiting bearish tendencies in options trading. Big players have been eyeing a price window from $40.0 to $67.5 for Wells Fargo during the past quarter.
Full articleSummary: USDA is investigating Costco Wholesale Corp.'s rotisserie chicken salad as the possible cause of four salmonella illnesses in Washington. This is not the first time the salad has been linked to foodborne illnesses.
Full articleSummary: FOX announced that season 5 of 9-1-1: Lone Star will be the final season, with a high-stakes send-off planned. The upcoming season will feature a multi-episode storyline involving a catastrophic train derailment and various personal struggles of the characters.
Full articleSummary: A man was arrested in North Carolina after being found asleep behind the wheel of a Tesla on Autopilot with over $100,000 worth of illegal drugs inside the vehicle. Police confirmed the driver was asleep with the car on Autopilot and conducted a search which led to the discovery of illegal substances.
Full articleSummary: Salesforce is acquiring Own Company for $1.9 billion in cash to strengthen its data security and privacy products without affecting its fiscal year 2025 forecast or capital return program. Salesforce is also acquiring Tenyx to enhance its AI-driven solutions, and has shifted focus from acquiring companies to doubling share buybacks.
Full articleSummary: Nvidia experienced the worst day in the history of the stock market with almost ten per cent loss in total market value.
Full articleSummary: Ninth Circuit will hear oral arguments in a wage suit against Charter Communications alleging overtime pay violations.
Full articleSummary: The Equal Employment Opportunity Commission filed a lawsuit against FedEx for failing to provide reasonable accommodations for disabled transport drivers.
Full articleSummary: North Carolina Governor Roy Cooper sent letters to Walt Disney Company and DirecTV urging them to reach an agreement to end the ongoing dispute over channels, especially impacting viewers during the college football season.
Full articleSummary: Ford Motor Co. reported a 29% increase in EV sales in August, driven by strong performance of F-150 Lightning pickup truck. However, Ford announced delays and changes in its future EV plans to address pricing pressure and battery cost challenges.
Full articleSummary: ADNOC and ExxonMobil have agreed to partner in the world's largest low-carbon hydrogen facility in Baytown, Texas, which is expected to significantly impact the United States' energy production and global energy transition.
Full articleSummary: Microsoft Photos app update is rolling out to Windows 10 testers, bringing iCloud integration and new features such as updated UI and Visual Search with Bing button.
Full articleSummary: Qualcomm is reportedly considering buying parts of Intel, including its PC chip design business, as part of deal activity to revive interest in Intel's shares.
Full articleSummary: Aisera integrates its AI Copilot and AI Search solutions with various applications, services, data lakes and systems via Microsoft Azure, offering secure search for enterprise data.
Full articleSummary: Salesforce to acquire data protection and data management solutions company Own Company for $1.9 billion in cash, after failing to acquire Informatica.
Full articleSummary: Disney is making cuts to its Disney Aspire Program, reducing the annual funding cap to $5,250 and eliminating Master's Degree and Penn Foster Trades programs for new enrollees.
Full articleSummary: Lululemon (LULU) is seen as a more attractive investment compared to Nike (NKE) due to its compelling valuation, higher growth rates, and strong business strategies. LULU stock has potential for alpha growth in the market.
Full articleSummary: Qualcomm has explored the possibility of acquiring portions of Intel's design business to boost its product portfolio, focusing on Intel's client PC design business. Intel has been struggling to generate cash and looking to divest business units.
Full articleSummary: PayPal enhances its rewards program to offer 5% cash back on selected spending categories, customers can stack cash back offers, and users can now add PayPal Debit Card to Apple Wallet.
Full articleSummary: BNY Mellon Corporation announced the acquisition of Archer Holdco, a leading technology-enabled service provider of managed account solutions for the asset and wealth management industry, to enhance its enterprise platform.
Full articleSummary: Shane Obata, portfolio manager at Middlefield Capital, recommends Broadcom, Prysmian, and Visa as top picks.
Full articleSummary: Citigroup sets a target price of 3,368 GBX for Bellway plc indicating a potential upside of 9.7%.
Full articleSummary: Intel, a company founded by four former Fairchild Semiconductors employees including Gordon Moore, is credited with creating Silicon Valley.
Full articleSummary: Disney launched a campaign to alert DirecTV customers about alternative service providers to access ABC, ESPN, and other channels amidst a carriage dispute.
Full articleSummary: Google Play heavily promoting its Play Points loyalty program at Zedd In The Park musical festival in Los Angeles, offering exclusive rewards for Play Points members including fast-track entrance, members-only bonus level, and merchandise.
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