If you’ve never driven a Tesla before, it’s something of an immediately alien experience. The tip-in acceleration isn’t like any gasoline-powered car on the market, because it doesn’t need to ramp up. If you stomp on the throttle in an EV, it goes right when you tell it to go. Quicker acceleration is a major … Read more
Activist investor Nelson Peltz is stating his case for joining Disney‘s board. Peltz’s Trian Fund Management, in formally nominating Peltz and former Disney CFO Jay Rasulo to the media giant’s board of directors Thursday, made a list of initiatives and performance targets they’d pursue if elected. In a proxy filing, Peltz and Rasulo promised to … Read more
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images Morgan Stanley‘s new CEO Ted Pick on Thursday expressed confidence that his bank will hit financial targets of $10 trillion in client assets and a 20% return. … Read more
Here are the most important news items that investors need to start their trading day: 1. Rate cut comedown The U.S. economy is chipping away at hopes for a string of interest rate cuts this year. Major U.S. stock averages fell on Wednesday — the third straight decline for the Dow Jones Industrial Average — … Read more
Participants walk in the street of the Alpine resort of Davos during the World Economic Forum. Fabrice Coffrini | Afp | Getty Images Davos, SWITZERLAND — China returned to Davos in full force this week as it attempts to thaw relations with the international community and court investment following years of Covid-19 lockdowns and rising … Read more
A major wellness chain has closed more than 20 stores, a month after administrators were appointed to the business. Body Catalyst passed a resolution on January 16 to wind up operations at 26 locations. The company marketed itself as Australia’s largest and leading body shaping and wellness company with stores across the country. Watch the … Read more
Apple says it will disable a blood-oxygen monitoring feature on its two most popular watches in the U.S. beginning Thursday to comply with a court-ordered revival of a sales ban stemming from a patent dispute. The decision to turn off the blood-oxygen sensor for consumers who buy either the Apple Watch Series 9 or Ultra … Read more
CNBC’s Jim Cramer on Wednesday explained what the Securities and Exchange Committee’s decision to approve spot bitcoin exchange-traded products in the U.S. means for investors. Cramer said he’s not necessarily against investing in Bitcoin, but warned investors to know the risks before buying. “I’m taking a page from Jamie Dimon here — this is a … Read more
The Apple Inc. iPhone 8, Airpods, and Apple Watch sit on the AirPower charger during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. David Paul Morris | Bloomberg | Getty Images Apple will remove the blood oxygen feature from its latest Apple Watches, a move that will … Read more
NEW YORK — CNN’s new chief executive says the company needs to recapture the “swagger and innovation” of its early days — and that, he says, increasingly means embracing a future outside of television. Mark Thompson, appointed CNN’s chief executive last fall after stints at The New York Times and BBC, outlined a strategy to … Read more
