Author: super@dmin
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The Ratings Game: Watch these rail stocks in 2023, says Evercore
With the threat of a rail strike removed, these are the stocks to keep an eye on, analyst says.
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The Margin: Why Hanukkah movies and TV shows are becoming more popular
This season alone has seen two major Hanukkah movies, ‘Hanukkah on Rye’ and ‘Menorah in the Middle.’
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Key Words: Mark Zuckerberg takes stand in Meta-FTC trial, admits ‘trying to shape the future of technology’
When asked if the company he co-founded as Facebook was “trying to shape the future of technology” as a purveyor of the metaverse under the new name Meta META, Zuckerberg minced no words: “Yes, that’s a fairly broad statement, but yes.”
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Earnings Outlook: Micron earnings: Memory-chip slowdown appears to be far from over
Micron Technology Inc. shares have fallen more than 45% this year, but the memory-chip specialist is not out of the woods yet, as demand continues to be weak.
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Earnings Results: Nike destroys earnings and sales expectations, stock gains
Nike’s stock rose nearly 8% in extended trading Tuesday after the sporting-goods retailer reported better early holiday sales than Wall Street expected.
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Earnings Results: FedEx expects to cut costs by an extra $1 billion as earnings beat but sales come up well short of target
FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs beyond what it outlined in September, bringing those total expected cuts to roughly $3.7 billion.
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: USPS will electrify entire mail-delivery fleet within just a few years
The U.S. Postal Service said Tuesday it will go all electric for new purchases of delivery vehicles starting in 2026.
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: 401(k) auto-enrollment to help retirement savers
The Secure 2.0 measure would automatically enroll workers in the retirement savings plans, with the option for the participant to opt out.
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: CFPB’s allegations against Wells Fargo: illegal fees, wrongful car repos and misapplied payments
The watchdog agency said Tuesday that the bank would pay $3.7 billion for wrongdoing and mismanagement, with more than than $2 billion in redress to consumers.
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The Ratings Game: Disney will spin off ESPN in 2023, allowing it to stream directly to sports fans, analysts predict
Wells Fargo analysts believe a change at the top of Disney will lead to ESPN and ABC being spun off in 2023.