Michael Whitaker, nominee to be the next administrator of the Federal Aviation Administration (FAA), testifies during a Senate Committee on Commerce, Science, and Transportation hearing on Capitol Hill October 4, 2023 in Washington, DC. The FAA has been without a Senate-confirmed administrator for 18 months. (Photo by Drew Angerer/Getty Images) […]
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Tyson Foods drops CVS for upstart pharmacy benefit manager, as industry upheaval over cost concerns spreads
Tyson Foods Inc., sign at Tyson headquarters in Springdale, Ark. April L. Brown | AP Tyson Foods will become one of the first Fortune 100 companies to stop using the nation’s traditional large pharmacy benefits managers, as it looks to cut spending on high-cost drugs. After putting its benefits […]
SEC to vote today on tough new rules for blank-check ‘SPAC’ companies
SEC Chair Gary Gensler testifies during the House Financial Services Committee hearing titled “Oversight of the Securities and Exchange Commission,” in Rayburn Building on Wednesday, September 27, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Securities and Exchange Commission, lead by Chair Gary Gensler, is voting Wednesday […]
Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates
LOS ANGELES — Shares of Netflix jumped in premarket trading Wednesday after the company reported adding 13.1 million subscribers during the fourth quarter, stronger growth than Wall Street expected as the streamer builds its ad-supported service and cracks down on password sharing. Netflix now has 260.8 million paid subscribers, a […]
Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna Plus Courtesy: Klarna Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC. […]
European Central Bank set to hold rates as market debates cut timeline
A man shelters from the rain under an umbrella as he walks past the Euro currency sign in front of the former European Central Bank (ECB) building in Frankfurt am Main, western Germany. Kirill Kudryavtsev | Afp | Getty Images The European Central Bank is set to hold interest rates […]
Why natural gas prices are so volatile — and what it means for our lone energy stock
Natural gas prices have had an up and down January — taking Club stock Coterra Energy along for the wild ride. After rising more than 30% over the first two weeks of the year, natural gas futures plunged 24% last week and have continued their fall in recent days. The […]
Israel-Hamas war negotiations reportedly working toward a weeks-long cease-fire
A picture taken from a position in southern Israel along the border with the Gaza Strip on January 19, 2024, shows an Israeli tank rolling along the fence as damaged buildings are see in the Gaza strip amid continuing battles between Israel and the militant group Hamas. Jack Guez | […]
Spotify to begin in-app sales on iPhone in Europe after new EU law requires Apple to allow it
Daniel Ek, CEO of Swedish music streaming service Spotify, gestures as he makes a speech at a press conference in Tokyo on September 29, 2016. Toru Yamanaka | AFP | Getty Images Spotify said Wednesday it will update its iPhone app in Europe to allow users to buy in-app subscriptions […]
FAA chief vows ‘boots on the ground’ at Boeing until quality control system is working
Michael Whitaker, nominee to be the next administrator of the Federal Aviation Administration (FAA), testifies during a Senate Committee on Commerce, Science, and Transportation hearing on Capitol Hill October 4, 2023 in Washington, DC. The FAA has been without a Senate-confirmed administrator for 18 months. (Photo by Drew Angerer/Getty Images) […]