[ad_1] This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Shares of the blank-check company set to take Trump Media and its …
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[ad_1] Strange, but true: The S & P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index’s average one-year gain in 17 post-elections windows has been about 15%. …
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[ad_1] New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and …
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[ad_1] Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN — China’s southern metropolis of Guangzhou has locked down a …
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[ad_1] Disney (DIS) reported weaker-than-expected fiscal fourth-quarter results after the closing bell Tuesday. We are shocked and stunned by the poor performance, and we’re certainly not alone. The stock fell roughly 7% in after-hours trading. As shareholders for the Club, we think it’s time for a leadership change. Revenue for …
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[ad_1] Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid Group on Tuesday reported that it lost $530 million in the third quarter but confirmed that it’s still …
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[ad_1] The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming …
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[ad_1] CNN — Twitter may not be old enough to remember that Cher does what she wants. The icon, who is 76, was recently photographed holding hands with rapper and music executive Alexander “AE” Edwards, 36, in West Hollywood. People on social media had questions, and Cher had plenty of …
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[ad_1] Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plans to deliver the first examples of its Endurance pickup truck before the end of the year, the company said Tuesday, …
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[ad_1] Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard …
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