Tag: Stock
Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive | Fortune
The Giving Pledge was designed to hold the world’s richest people accountable for donating at least half their fortunes in their lifetimes or wills–but...
Dow futures rally as Trump softens tone on trade war again while first tech earnings and inflation report loom | Fortune
U.S. stock futures pointed higher on Sunday evening as Wall Street looks ahead to a big week for the U.S.-China trade war, corporate earnings,...
MacKenzie Scott has cut her stake in Amazon by 42%—worth nearly $13 billion—as the billionaire casually donates over $110 million to DEI causes | Fortune
After gaining 400 million Amazon shares following her 2019 divorce from the company’s founder, Jeff Bezos, billionaire philanthropist MacKenzie Scott has now slashed her...
Global markets tumble as Beijing imposes new ban on U.S. shipping and Bessent vows China ‘will be hurt the most’ if it doesn’t surrender | Fortune
A broad-based selloff swept global stock markets this morning after U.S. Treasury Secretary Scott Bessent told the Financial Times that China “will be hurt...
Wall Street thinks China is winning Trump’s trade war | Fortune
Wall Street is bullish on U.S. stocks this morning, with S&P 500 futures strongly up, premarket. Traders seem to think that Trump will eventually...
Nestlé fired its scandal-clad CEO without a payout—a ‘really unusual’ move, corporate governance expert says
When Nestlé abruptly ousted its chief executive Laurent Freixe over Labor Day weekend after revelations of a romantic relationship with a direct subordinate, one...
Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%.
The earnings, released...
Nvidia’s growth is strong, but investors aren’t celebrating
The more Nvidia beats Wall Street’s expectations, the harder it seems to satisfy them. The chipmaker reported second-quarter revenue of $46.74 billion, with sales...
‘Weaponization of a sandwich’ — Subway’s footlong is becoming an icon of resistance against Trump’s D.C. police takeover
Subway was thrown—literally—into the spotlight after a D.C. resident and then-Justice Department employee hurled one of the sandwich chain’s footlongs at a federal officer,...
OpenAI may soon be the world’s most valuable private company—but CEO Sam Altman won’t profit much, with no equity and just a $76,001 salary
The AI race is one of the hottest business wars this decade, with the market expected to be worth $4.8 trillion by 2033. And...