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The ongoing battle between Hertz and Avis and the ongoing battle between Coke and Pepsi can't begin to compare with the war between Jeff Bezos and Elon Musk.
Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world – again
https://www.businessinsider.com/jeff...est-man-2024-2
"Happy Valentine's Day! You're fired." Shares of SiriusXM closed today at 5.03, a gain of 0.13 (2.65%)
SiriusXM to cut 160 employees
https://radioinsight.com/headlines/2...160-employees/
Statista, a data research and analysis company based in New York City, makes recession predictions based on the difference between 10-year and 3-month treasury rates. Statista predicts a probability of 63% that the United States will experience an economic recession in 2024. David Rosenberg is much more pessimistic.
The US has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis, economist David Rosenberg says
https://www.businessinsider.com/rece...senberg-2024-2
Foir the next three years, Bayer will pay the minimum dividend allowed by law as it deals with high debt and high interest rates. Shares of Bayer are now at 7.74, just 0.27 above their 52-week low.
Bayer slashes dividend by 95% as it steps up effort to cut debt
German conglomerate is still struggling with the costly fallout of its $63 billion acquisition of Monsanto.
https://www.ft.com/content/b2e13fc7-...4-05d7d26ec7fa
Capital One, founded in 1994, was originally OakStone Financial, the credit card division of Signet Financial Corporation. Capital One now also offers banking services, savings accounts and auto loans. Shares oif Capital One are now at 137.23. Shares of Discover are at 110.49.
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal
https://www.cnbc.com/2024/02/19/capi...port-says.html
Vizio, originally V, was founded in 2002 in Costa Mesa, California, and began trading on the New York Stock Exchange in 2021. Shares closed today at 11.08, a gain of 1.55 (16.26%).
Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business
https://www.cnbc.com/2024/02/20/walm...-business.html
In 2008, American Airlines began charging passengers an extra fee for their luggage. Most airlines followed suit. (Southwest Airlines is an exception.) Last year, American Airlines made $1.4 billion from those fees – and it apparently is not enough. Shares of American closed today at 14.79, a gain of 0.09 (0.61%).
American Airlines raises bag fee by $10 for luggage checked at the airport
https://www.nbcnews.com/business/tra...why-rcna139576
Larry Page co-founded Google in 1998 and served as its first CEO. I wonder if he ever googled "Is it possible to make flying cars like in The Jetsons cartoons?"
Pivotal, the flying-car company backed by Google co-founder Larry Page, lays off 10% of staff
https://www.businessinsider.com/pivo...company-2024-2
At age 15, Rowland H. Macy worked on the Nantucket whaling ship Emily Morgan and got a red star tattooed on his right hand (between his thumb and forefinger). He founded Macy's in 1858 and a red star became the company's logo. Shares of Macy's closed today at 19.95, a gain of 0.65 (3.37%).
Macy's to close 150 stores, or about 30% of its locations
https://www.cbsnews.com/news/macys-c...res-locations/
Shares of JetBlue Airways closed today at 6.75, a gain of 0.28 (4.33%). Shares of Spirit Airlines closed at 5.76, a drop of 0.70 (10.84%).
JetBlue and Spirit Call Off Their $3.8 Billion Merger
JetBlue will pay Spirit $69 million to terminate the deal, which federal antitrust regulators blocked.
https://www.nytimes.com/2024/03/04/b...es-merger.html
Exercise equipment manufacturer BowFlex, formerly Nautilus Inc., was founded in 1988 in Vancouver, Washington. Shares of BowFlex are now at 0.20.
BowFlex files for bankruptcy
https://www.cnn.com/2024/03/05/busin...tcy/index.html
The first Family Dollar store opened in 1959 in Charlotte, North Carolina. The first Dollar Tree store opened in 1989 in Sumter, South Carolina. Dollar Tree bought Family Dollar in 2015. The chain operates 16,774 stores in the United States and Canada and today reported a net loss of $1.71 billion in the quarter ending February 3. Shares of Dollar Tree closed today at 128.42, a drop of 21.27 (14.21%).
Dollar Tree and Family Dollar to close nearly 1,000 stores
https://nypost.com/2024/03/13/busine...y-1000-stores/
It's too bad the FCC doesn't have the power to go after the hidden fees charged by banks, airlines, hotels, resorts, utility companies and concert ticket sellers. The Federal Trade Commission says these fees "cost consumers tens of billions of dollars per year in unexpected costs."
FCC approves 'all-in' pricing requirement for cable, satellite TV plans
The Desk, Mar 14 2024
The Federal Communications Commission has voted to approve a new rule that will require cable and satellite television providers to disclose programming-related surcharges and fees to customers in advertised prices. The measure will force traditional pay TV providers that are regulated by the FCC to reveal the total cost a consumer will pay to subscribe to a programming package, including any broadcast and regional sports fees that have typically not been revealed to customers until after they purchase a service.
https://www.msn.com/en-us/money/comp...ns/ar-BB1jTT6M
Three married couples founded Cleveland Fabric Shop in 1943 in Cleveland, Ohio. The chain quickly expanded and in 1963 was renamed Jo-Ann Fabrics & Crafts by combining the names of two of the founders' daughters, Joan and Jacqueline Ann. Shares of Jo-Ann closed today at 0.18. That is an all-time low.
Fabrics retailer Jo-Ann files for bankruptcy
https://www.cnn.com/2024/03/18/busin...tcy/index.html
Subway, originally Pete's Super Sandwiches, was founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. There are more than 20,000 Subways in the United States. Subway is a privately held company and does not trade on any stock exchange. Shares of PepsiCo closed today at 171.86, a gain of 0.06 (0.035%). Shares of Coca-Cola closed at 60.75, a gain of 0.52 (0.86%).
Subway to replace Coca-Cola products with Pepsi starting in 2025
https://www.foxbusiness.com/lifestyl...ting-next-year
Apple is accused of engineering an "illegal monopoly" of the smartphone market. That may be true in the United States, where Apple's iPhone holds a 61% share – but worldwide, iPhones have only a 28.5% share. Android phones account for 70.6%. Shares of Apple closed today at 171.37, a drop of 7.30 (4.09%).
Department of Justice sues Apple for alleged violations of antitrust laws
https://www.huffpost.com/entry/depar...b0d2a3e77781ff
Boeing, originally the Pacific Aero Products Company, was founded in 1916 by William Boeing in Seattle, Washington. The Boeing Company merged with McDonnell Douglas in 1997. Shares of Boeing closed today at 187.50, a drop of 3.91 (2.04%).
Boeing CEO Dave Calhoun to step down, part of a shakeup after 737 Max problems
https://www.npr.org/2024/03/25/12406...investigations
Vernon Rudolph founded Krispy Kreme in 1937 in Winston-Salem, North Carolina. Shares of Krispy Kreme closed today at 17.35, a gain of 4.90 (39.36%). Shares of McDonald's closed unchanged at 278.62.
McDonald's to sell Krispy Kreme doughnuts nationwide by the end of 2026
https://www.cnbc.com/2024/03/26/mcdo...d-of-2026.html
I get the feeling Elon Musk read a lot of Cable, Deathlok, Diehard, Ladytron, Robotman, Metallo, Stryker and Cyborg Superman comics when he was young.
Elon Musk's Neuralink brain implant to ultimately help humans merge with AI is sparking debate over safety and ethics
https://www.businessinsider.com/neuralink
Has there really been a demand for ice cream containing marigold blossoms? Baskin-Robbins, Arby's, Jimmy John's, Sonic, Mister Donut, Dunkin' and Buffalo Wild Wings are owned by Inspire Brands of Sandy Springs, Georgia. The company is not publicly traded.
Baskin-Robbins' new flavor is a first-of-its-kind spring treat
https://www.allrecipes.com/baskin-ro...msicle-8620434