Company Insights
Breakfast is Served: Kellogg Completes North American Cereal Company C-Suite
Kellogg has announced the completion of its North American cereal company’s management team, with five final appointments declared.
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Company Insights
Wells Fargo To Pay $145 Million To Settle Retirement Plan Investigation
Wells Fargo & Co. agreed to pay roughly $145 million to settle a lawsuit over government allegations that the bank’s retirement plan overpaid for company stock, the U.S.
Company Insights
Warren Buffett bought Occidental stock – again. But his plans remain unclear.
Warren Buffett, one of the most successful investors in the world, purchased yet more shares of the oil and gas company Occidental Petroleum last month, raising questions from investors and analysts about his ultimate intention with Occidental.
Rent the Runway
Rent the Runway plans heavy job cuts as subscribers drop off
Rent the Runway (RENT) announced plans to lay off nearly a quarter of its employees, a sign that the luxury apparel rental company is adjusting painfully to an uncertain retail environment.
CVS
CVS considers Cano Health bid in its buy up of primary care services
In what would be a deeper plunge into the primary care space, CVS is considering an acquisition of Cano Health.
Company Insights
Fox Entertainment Debuts Global Sales Arm to Sell Shows Abroad
Fox Corporation is launching a new sales unit responsible for distributing its entertainment programming internationally in a bid to reach millions more global customers for its original shows.
Axsome Therapeutics
Axsome Therapeutics plans resubmission of new drug application to FDA while investors focus on rest of portfolio
Axsome Therapeutics Inc. plans to resubmit its New Drug Application for its product which is designed to aid in the treatment of acute migraines to the U.S.
Company Insights
Intel takes on Nvidia and AMD with graphics card for gaming PCs
Starting at $329, Intel’s new chip is aimed at gamers on a budget.
Airbnb
Despite a Booming Summer, Travel Stocks Remain Weak in a Shaky Economy
Revenge travel this summer sent Americans jetting to Europe, sunning at Caribbean beaches and exploring big cities like New York.
Stocks
Crypto Mining Stocks Continue to Fall Amid Rising Inflation, Major Industry Changes
Crypto mining stocks have plummeted amid a red-hot inflationary environment, a trend that’s likely to continue as energy-efficient means of minting digital currency tokens continue to overtake traditional, energy-heavy crypto mining activities.
The Inflation Reduction Act promises to boost solar, with further gains in sight
The Inflation Reduction Act has created more buzz around an already trendy renewable energy source — solar — while still leaving plenty of room to ride in the long-term.
Cigna
Immune to market slump, these four major healthcare stocks are on an expansion kick
The economy may be ailing but dominant healthcare stocks have so far resisted infection, and look poised to continue thriving.