For almost a year, Twilio has been under pressure from activist investors, who have urged the software vendor to shake up its board and even seek a potential sale of the company. Twilio founder and longtime CEO Jeff Lawson resigned in January. Anson Funds, the activist group that’s been vocally pushing for change at the […]
Drew Angerer/Getty Images; BI US stocks climbed on Thursday, a day after Fed Chair Powell calmed nerves about the prospect of delayed rate hikes. Investors are anticipating the March jobs report on Friday, which will provide more clarity around the expected pace of rate moves. Data showed jobless claims rose last week to the highest […]
Image source: Getty Images Investing money is something I’ve aimed to do since completing my emergency fund years ago. And these days, I tend to favor stocks as my investment of choice. Investing in stocks can be a risky proposition. The market can be quite volatile, and through the years, I’ve seen my portfolio lose […]
A 70-year-old widow, who lives in Long Island, New York, faced a complex financial situation after her husband’s unexpected passing. She reached out to Reddit, seeking advice from the online community. Her circumstances involved a paid-off $650,000 home, $200,000 in money market accounts, a $45,000 IRA with early withdrawal penalties and $30,000 in life insurance […]
U.S. President Joe Biden speaks at the Pieper-Hillside Boys & Girls Club in Milwaukee, Wisconsin, on March 13, 2024. Sara Stathas | Bloomberg | Getty Images Allies of President Joe Biden are ramping up a charm offensive aimed at getting high-profile Republicans and donors who won’t support Donald Trump to back the Democratic president. But […]
In this photo illustration, a package of Opill is displayed on March 22, 2024 in San Anselmo, California. Justin Sullivan | Getty Images CVS Health on Thursday said its drug plans will cover the first over-the-counter birth control pill in the U.S. at no cost for many health plan sponsors, a decision that could open […]
Paramount’s (PARA) stock closed down more than 8% on Thursday after a 16% surge the day prior following reports the company has entered into exclusive merger talks with David Ellison’s Skydance Media. The timing of the discussions couldn’t be worse, according to one media mogul. “First of all, it’s the worst time in the world […]
After successfully fending off activist investor Nelson Peltz, Disney (DIS) CEO Bob Iger says the company’s board is focused on the future — in particular, who will be the entertainment giant’s next CEO. In an interview with CNBC on Thursday, Iger said succession planning remains the most important focus area for Disney, categorizing it as […]
WASHINGTON (AP) — Donald Trump left the White House facing a cash crunch and a tattered reputation after his attempts to overturn the 2020 election, threatening the viability of his business empire. Soon, though, a new source stepped forward to provide a financial lifeline when many longtime lenders refused. Over the past two years, Axos […]
A person works on a Bowlus RV at Bowlus’s factory in Oxnard, California, U.S., February 23, 2024. Each Bowlus RV is assembled by hand with aircraft-grade rivets and is hand polished. Timothy Aeppel | Reuters The March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some weakening foundations of the […]
* Levi Strauss gains after co raises FY profit forecast * Weekly jobless claims increase more than expected * Indexes: Dow down 0.7%, S&P 500 down 0.4%, Nasdaq down 0.3% (Updates to 1445 EDT/1845 GMT) By Caroline Valetkevitch NEW YORK, April 4 (Reuters) – U.S. stocks turned lower in afternoon trading on Thursday as investors […]
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta shares rose as much as 4.6% on Thursday and climbed to a record after analysts at two firms raised their price targets on the […]
