News
Stellantis takes hit on second-half profits due to strikes
Stellantis, the world’s third-largest automaker, saw a 13% drop in net profits in the second half of last year following...
Scammers using AI to imitate company execs, trick employees
Hackers are using generative AI like ChatGPT or FraudGPT to make more realistic fake IDs, identities, company statements and videos,...
Cisco Systems to cut more than 4,000 jobs
Internet networking company Cisco Systems said it will lay off more than 4,000 employees, or about 5% of its workforce....
Walmart considering Vizio TV buy
Walmart is considering a purchase of Vizio’s TV business for $2 billion, the The Wall Street Journal reports. The deal...
Airbnb settles tax dispute with Italy, down $349M in Q4
Despite an increase in bookings and revenue, Airbnb reported a loss of $349 million in the fourth quarter following an...
Construction of office buildings drops, particularly in Chicago, Manhattan
Construction of new office buildings is slowing, thanks to inflation, higher interest rates and lower demand for office space. With...
FDA approves first treatment for newly diagnosed pancreatic cancer in 10 years
The FDA has approved Ipsen's Onivyde as part of a multidrug treatment for patients with newly diagnosed metastatic pancreatic cancer. The combo,...
JetBlue shares jump 15% after Icahn reports stake
Shares of JetBlue Airways rose more than 15% in extended trading after Carl Icahn reported a nearly 10% stake in the...
Alphabet, Amazon expected to introduce dividends in 2024
Goldman Sachs analysts say more of the Magnificent Seven members are likely to follow Meta platforms in introducing a dividend...
Cocoa shortage raises chocolate prices ahead of Valentine’s Day
Chocolate prices are rising ahead of valentines day, as crop damage in West Africa has driven the price of cocoa...
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