Business

Market Rally Wipes Out Powell Gains As Apple, Exxon Skid; What To Do Now

Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally had another weak session, with apple (AAPL) and Exxon Mobil (XOM) breaking below key levels while Amazon.com (AMZN) and Tesla (TSLA) are starting to move toward bear market lows. X The S&P 500 and other key indexes …

Market Rally Wipes Out Powell Gains As Apple, Exxon Skid; What To Do Now Read More »

Bank of America CEO Brian Moynihan on how he plans to trim its workforce

Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | GettyImages Brian Moynihan is no stranger to laying off workers — it’s one of the key ways he helped …

Bank of America CEO Brian Moynihan on how he plans to trim its workforce Read More »

2 New Hampshire Bertucci’s restaurants close after bankruptcy

WELL, JIMMY, THAT’S RIGHT, THE BERTOLUCCI’S AT THE MALL OF NEW HAMPSHIRE IS NOW PERMANENT. LEE CLOSE, THE RESTAURANT’S PARENT COMPANY, BLAMES THE PANDEMIC INFLATION FOR REASONS AS TO WHY IT HAD TO FILE FOR BANKRUPTCY. NOW, IN THAT FILING FROM BERTUCCI SAYS DUE TO THE COVID 19 PANDEMIC AND THE IMPACT OF INFLATION SALES …

2 New Hampshire Bertucci’s restaurants close after bankruptcy Read More »

The very last 747 jumbo jet is about to roll off Boeing’s assembly line

New York CNN Business — After 53 years and more than 1,570 planes, the last Boeing 747 is set to roll off the assembly line in Washington state Tuesday, on its way to serve as a cargo plane. The once-groundbreaking jumbo jet, with the distinctive second-floor bulge, is perhaps the most notable and popular plane …

The very last 747 jumbo jet is about to roll off Boeing’s assembly line Read More »

Kevin O’Leary Says He’ll Get His Money Back From FTX

Kevin O’Leary said that he’d get his money back from FTX and that FTX needed to be audited. “Who’s going to jail? I have no idea. Who was fraudulent? I have no idea. But I will find out,” he said. He previously defended Sam Bankman-Fried, saying allegations of fraud were baseless until an audit. Loading …

Kevin O’Leary Says He’ll Get His Money Back From FTX Read More »

Bank of America stock plunges, leading selloff in shares of the largest US banks

Shares of many of America’s largest banks are falling sharply this week after a period of performance that saw Goldman Sachs Group GS, -2.32% claw back practically all of its losses from earlier in the year. Shares of Bank of America Inc. BAC, -4.26% Shares were down 5.5% Tuesday afternoon at $32.57, their lowest level …

Bank of America stock plunges, leading selloff in shares of the largest US banks Read More »

Hertz will pay $168 million to customers it falsely accused of stealing its cars : NPR

Over a span of years, Hertz falsely accused more than 360 people of stealing rental cars, leading to arrests and jail time for innocent customers. Now, the company will pay $168 million in a settlement. Cindy Ord/Getty Images hide caption toggle caption Cindy Ord/Getty Images Over a span of years, Hertz falsely accused more than …

Hertz will pay $168 million to customers it falsely accused of stealing its cars : NPR Read More »

Tim Cook says Apple will use chips built in the US at Arizona factory

apple CEO Tim Cook spoke at an event in Arizona on Tuesday, ahead of remarks expected by President Joe later Biden in the day, where Cook confirmed Apple will buy chips built in the US Cook said Apple would buy processors made in a new Arizona factory, according to a video from the event. And …

Tim Cook says Apple will use chips built in the US at Arizona factory Read More »