Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images An inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick. On Wednesday, Lego said revenue during the first six months of the year … Read more
(Bloomberg) — Markets are waiting with bated breath for Nvidia Corp.’s results, with US equity futures little changed and shares trading in tight ranges from Asia to Europe. Most Read from Bloomberg The world’s most influential stock is expected to set the tone for risk assets when it reports after the market close in the … Read more
Longtime Tesla Inc. TSLA investor and Gerber Kawasaki Wealth CEO Ross Gerber has sold approximately $60 million worth of Tesla shares. Gerber cited a lack of interest in the company’s cars and robots as the primary reason for his decision. What Happened: Gerber, a vocal critic of Elon Musk, revealed that his investment fund still … Read more
LOS ANGELES (AP) — Nvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to train and operate their AI systems. The company is now worth over $3 trillion, with its dominance as a … Read more
ATLANTA (AP) — Two workers were killed and another seriously injured Tuesday in a tire explosion at a Delta Air Lines maintenance facility near the Atlanta airport. Delta said the explosion occurred while wheel components were being disassembled for maintenance at a wheel and brake shop. The parts were not attached to a plane at … Read more
NEW YORK (AP) — Home improvement chain Lowe’s is scaling back its diversity, equity and inclusion policies, joining the ranks of several other companies that altered their programs since the U.S. Supreme Court outlawed affirmative action in college admissions or after facing a conservative backlash online. In an internal memo shared by Lowe’s with The … Read more
AT&T is experiencing some issues right now that are leaving customers seeing “SOS” instead of their usual bars of service. “We are working to address a software issue that may affect the ability of a limited number of our customers to connect to our wireless network. Keeping our customers connected is our highest priority, so we … Read more
DirecTV and Disney are going down to the wire with carriage renewal negotiations ahead of the current deal’s expiration on Sunday. While the sides are actively negotiating, to no one’s surprise they don’t see eye to eye. The friction is starting to spill into public view, though as yet there are no on-screen crawls or … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Michael M. Santiago | Getty Images S&P 500 futures inched lower Tuesday night as investors waited in anticipation for chipmaker Nvidia’s quarterly earnings announcement Wednesday after the bell. Futures tied to the broad market index slipped 0.16%, … Read more
Leonard Riggio, then chairman of Barnes & Noble, arrives at a bookstore in New York on Sept. 12, 2017. Riggio died on Tuesday. Seth Wenig/AP hide caption toggle caption Seth Wenig/AP NEW YORK — Leonard Riggio, a brash, self-styled underdog who transformed the publishing industry by building Barnes & Noble into the country’s most powerful … Read more