The $2 trillion club has a new member: Nvidia . The leading artificial intelligence chipmaker’s market capitalization briefly topped $2 trillion on Friday, becoming only the third U.S. company in history to do so; it closed the session worth $1.94 trillion. Fellow Club names Apple and Microsoft are the others. […]
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Block shares surge 16% after company announces surprise profit
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock closed up 16% Friday, a day after the payments company reported fourth-quarter earnings […]
Credit card interest rates are at record highs. Cards have ‘never been this expensive,’ CFPB says
Runstudio | The Image Bank | Getty Images Credit card interest rates have ballooned to record highs in recent years — and the growing portion of the formula that generates profit for card issuers is partly to blame, according to a new analysis by the Consumer Financial Protection Bureau. The […]
New sickle cell gene therapies are a breakthrough, but solving how to pay their high prices is a struggle
The approval of two gene therapies to treat sickle cell disease has given hope to patients who suffer from the debilitating disease, which overwhelmingly affects Black people and people of color. Health officials now face a challenge in finding a way to provide equitable access to the costly treatments. The […]
Warner Bros. Discovery is hyping free cash flow. Investors don’t appear to be buying it
The “Bobs” from the film Office Space Source: 20th Century Fox | YouTube Listening to Warner Bros. Discovery Chief Executive Officer David Zaslav speak on Friday’s fourth-quarter earnings calls, I couldn’t help but think of a scene in the movie “Office Space.” An employee named Tom meets with two consultants, […]
United Airlines raises checked bag fee $5, following American
United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines is raising the price to check bags, becoming the latest carrier this year to hike a fee that generated more than $5 billion for airlines in the first nine months of 2023 alone. United economy passengers who […]
Amazon to pay $1.9 million to migrant contract workers to settle claims of human rights abuses
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022. Stephanie Keith | Bloomberg | Getty Images Amazon will pay more than 700 migrant workers roughly $1.9 million to settle claims they suffered human rights abuses as a […]
Economic boost from Taylor Swift’s Eras Tour could be overstated, Nomura warns
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images The devil’s in the details, but local economies have a friend in Taylor Swift. The American pop star has spent nearly a year crossing the U.S. and the […]
Block shares surge 19% after company announces surprise profit
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock rose 19% Friday, a day after the payments company reported fourth-quarter earnings that […]
Intuitive Machines stock jumps in wild trading after moon landing
Intuitive Machines’ Nova-C lunar lander on display at NASA’s Marshall Space Flight Center. NASA Shares of Intuitive Machines jumped in trading Friday after the company’s successful first moon landing. Intuitive Machines’ Nova-C cargo moon lander known as “Odysseus” on Thursday became the first privately developed spacecraft to land on the lunar surface — as […]