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The Latest Breaking News on Business

The cannabis industry is awaiting a legal green light, but can businesses survive?

Legal gray area surrounding the drug makes it difficult to prepare next steps, with rescheduling a perpetual threat

The Guardian - US

Boeing makes a harsh decision to repair its finances amid strike

The aerospace company announced a major cost-cutting move as thousands of its workers continue to strike.

The Street

Comcast's network suffers short-lived but major outage in pockets across the United States

The Xfinity internet service by Comcast is currently experiencing a major outage. Here's what we know about where it is and when it'll end.

Android Central

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Troubled Boeing signals it may raise up to $25 billion to shore up finances

Boeing is moving toward raising up to $25 billion to shore up its troubled financial position

The Independent UK

Huge drugstore retail chain closes hundreds of locations

The huge drugstore chain will close 1,200 stores in an out-of-court restructuring.

The Street

Mexico says foreign firms have pledged $20 billion in investments, but many are old or uncertain

Mexican officials say companies have pledged $20 billion in new foreign direct investment in Mexico

The Independent UK

Trump goes big on tariffs, floats business relocation penalty - Roll Call

Former President Donald Trump doubled down on his plan to impose heavy tariffs on imports to help pay for tax cuts.

Roll Call

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What America can learn from China—and Uber—about boosting EV adoption

Electric vehicles have taken off in China and among Uber drivers, with incentives playing a key role in each case.

Fortune

True Value Files For Bankruptcy, Announces Sale To Rival

The company says all of its stores will remain open during the reorganization.

International Business Times

Tesla Cybertruck Initial Reservation List May Now Be 'Exhausted'

The Tesla Cybertruck has had a strong run of sales so far in 2024. It also had years of reservations to fulfill. Now what happens?

InsideEVs

US govt reportedly mulls capping AI GPU exports from Nvidia and AMD to the Middle East

Officials are reportedly in the early stages of discussions about restricting the export of high-performance AI processors from companies like Nvidia and AMD to Middle Eastern nations.

Tom’s Hardware

Surging AI Power Demand Meets America's Largest Electric Utility Stock

Bain expects data centers to make up 44% of all electricity demand growth through 2028, as companies rush to develop the next generation of AI. NextEra Energy CEO John Ketchum says that he expects an almost 40% rise in U.S. power demand over the next two decades, compared with just…

Barchart

Boeing delivered just one 737 plane this month—yes, a single plane—as manufacturing remains at a standstill

The ongoing strike of Boeing workers has halted production of the manufacturer’s most popular and dependable jet.

Fortune

Intel spends more on R&D than Nvidia and AMD combined, yet continues to lag in market cap — Nvidia spends almost 2X more than AMD

Nvidia spent $3 billion on R&D, and AMD spent $1.5 billion, but this pales in comparison to the $30 billion that Apple spends on its future products annually.

Tom’s Hardware

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Barchart

W. R. Berkley's Q3 2024 Earnings: What to Expect

W. R. Berkley is all set to release its third-quarter earnings this month, and analysts expect a single-digit profit increase.

Barchart

What You Need to Know Ahead of Waste Management's Earnings Release

Waste Management is all set to release its third-quarter earnings this month, and analysts expect a double-digit profit increase.

The Street

Southwest Airlines activist investor takes major step toward changes

The “Succession”-style battle over the airline’s future has escalated yet again.

Barchart

Here's What to Expect from Republic Services' Next Earnings Report

Republic Services is expected to release its third-quarter earnings later this month, and analysts expect a mid-single-digit earnings growth.

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International Business Times

Boeing To Raise Up To $25 Bn As Strike Weighs On Finances

US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.

Barchart

Brown & Brown's Quarterly Earnings Preview: What You Need to Know

Brown & Brown is all set to release its third-quarter earnings this month, and analysts expect a double-digit profit increase.

Barchart

Should You Follow Activist Investors Into This High-Yield Dividend Stock?

This dividend stock is now on the radar of activist investors, with Starboard eyeing a possible management shakeup.

Barchart

D.R. Horton Earnings Preview: What to Expect

With D.R. Horton set to release its fourth-quarter earnings this month, analysts anticipate a dip in the bottom line in the high single digits.

The Guardian - UK

Boeing seeks to raise up to $25bn through stock and debt offering

Planemaker also enters into $10bn credit agreement in ‘challenging environment’ amid strikes and safety concerns

Barchart

What You Need to Know Ahead of Franklin Resources’ Earnings Release

Franklin Resources is poised to announce its fourth-quarter results next month, and analysts predict a double-digit decline in the company’s bottom-line figure.

InsideEVs

Used EVs May Mostly End Up Around $25,000: Study

The used EV market is blowing up quickly and prices are falling to a certain magic number thanks to the tax credits.

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