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Charles Schwab and two partners founded the investment brokerage First Commander Corporation in 1971 in San Francisco. It was renamed Charles Schwab & Co. in 1973. The company went public in 1987. The share price fell by 33% last month and today closed at 51.57, a drop of 0.81 (1.55%).
Charles Schwab stock just notched its worst month since 1987 as fears of banking contagion flared
https://markets.businessinsider.com/...flation-2023-4
Earl Tupper created airtight food-storage containers in 1942 and began selling them to the public as Tupperware in 1946. At its peak, Tupperware was sold in more than 100 countries. Shares of Tupperware closed today at 1.24, a drop of 1.18 (48.76%).
Tupperware warns it could go out of business, says there's 'substantial doubt' it can continue
https://www.usatoday.com/story/money...p/11637215002/
David Reisberg opened his first bridal shop in 1950 in Fort Lauderdale. David's Bridal now has more than 300 stores in the United States and Canada and boasts that it sells one of every three wedding dresses in the United States. The chain filed for bankruptcy in 2018 and may file for bankruptcy again in 2023.
David’s Bridal laying off more than 9,000 workers
https://www.cnn.com/2023/04/14/busin...ffs/index.html
As expected.....
David's Bridal files for bankruptcy for the second time in 5 years
https://www.npr.org/2023/04/18/11705...ruptcy-layoffs
Netflix was founded in 1997 in Scotts Valley, California and initially sold and rented DVDs by mail. Netflix began streaming in 2007 and began producing original series in 2013. Shares of Netflix closed today at 323.12, a drop of 10.58 (3.17%).
Netflix will shut down its DVD rental business in September
https://www.engadget.com/netflix-wil...195213827.html
Brothers André and Édouard Michelin founded the Michelin Tire Company in 1889 in Clermont-Ferrand, France. Michelin is now the world's second-largest tire manufacturer behind Bridgestone. Shares of Michelin closed today at 15.52, a drop of 0.67 (4.14%).
Michelin recalls more than 542,000 light truck tires that don't have enough snow traction
https://abcnews.go.com/US/wireStory/...ction-98721108
Bed Bath & Beyond, originally Bed 'n Bath, was founded in 1971 in Springfield, Massachusetts. A regulatory filing on January 5 of this year said there is "substantial doubt about the company’s ability to continue" because of its worsening financial situation. Today the company filed for bankruptcy. Shares of Bed Bath & Beyond are now at 0.29, a drop of 98.3% over the past year.
Bed Bath & Beyond files for bankruptcy
https://www.cnn.com/2023/04/23/busin...tcy/index.html
Any time a company declares a proposed merger or takeover will be "good for competition," we can be sure it will be bad for competition. Shares of Microsoft closed today at 295.37, a gain of 19.95 (7.24%). Shares of Santa Monica-based Activision Blizzard closed at 76.81, a loss of 9.93 (11.45%).
Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
https://www.cnbc.com/2023/04/26/brit...-blizzard.html
The first Gap store opened in 1969 in San Francisco and initially sold only Levi's and record albums. Gap Inc. now owns four retail clothing chains – Gap, Banana Republic, Old Navy and Athleta.– and operates more than 3,000 stores in North America. Shares of Gap closed today at 9.39, a gain of .05 (0.54%).
Gap to lay off 1,800 workers as part of broad push to cut costs
https://www.cnbc.com/2023/04/27/gap-...0-workers.html
First Republic Bank, founded in 1985 in San Francisco, had 84 branches in eight states. Shares of JPMorgan & Chase Co. closed today at 141.20, a gain of 2.99 (2.16%).
JPMorgan is buying First Republic Bank after it was taken over by regulators
https://www.businessinsider.com/firs...d-buyer-2023-5
Lloyd Rose founded a discount home-goods chain in 1974 in Dallas. He named it Tuesday Morning because he considered Tuesday to be " the first positive day of the week." At its peak in 2019, the chain operated more than 700 stores.
Tuesday Morning is going out of business and closing all of its stores
https://www.cnn.com/2023/05/02/busin...ure/index.html
Jenny Craig and her husband Sidney created the Jenny Craig weight loss, fitness and nutrition program in 1973. There are now 1,100 Jenny Craig locations in the United States, Canada, Australia and New Zealand – but not for much longer. The company is $250,000,000 in debt and is shutting down.
Jenny Craig tells employees it will shut its doors
https://www.nbcnews.com/business/bus...ails-rcna82603
Burger King was founded in 1953 in Jacksonville, Florida. There are around 7,000 Burger Kings in the United States and more than 18,700 worldwide. Shares of Burger King closed yesterday at 71.58, a gain of 0.79 (1.12%).
Burger King will close up to 400 stores by the end of the year
Several franchisees have filed for bankruptcy so far in 2023.
https://www.nbcphiladelphia.com/news...-year/3560984/
Marcus Goldman founded an investment bank in 1869 in New York City. It was renamed Goldman Sachs & Co. in 1885 after Goldman's son-in-law Samuel Sachs joined the firm. Goldman Sachs is now the world's second-largest investment bank after JPMorgan Chase.
Goldman Sachs settles gender bias lawsuit for $215 million
https://www.cbsnews.com/news/goldman...r-215-million/
Peloton, manufacturer of treadmills, stationary bikes and rowing machines, was founded in January 2012 in New York City. Shares of Peloton closed today at 6.86, a drop of 0.67 (8.90%).
Peloton recalls 2.2 million exercise bikes over seat issue
https://www.reuters.com/business/ret...sc-2023-05-11/
From 2011 to 2023, Yaccarino led a team of 1,500 people as NBC Universal's chairman of global advertising and partnerships. During her first year at NBCU, she was named by Adweek magazine as one of the ten most powerful women in television. Following Yaccarino's appointment today as Twitter CEO, Mark Marshall, NBCU president of advertising sales and client partnerships, has been named interim chairman.
Elon Musk taps NBC Universal's Linda Yaccarino as Twitter CEO
Musk said he would transition into a role as executive chairman and chief technology officer.
https://www.huffpost.com/entry/elon-...b094269bb34740
Stellantis, formed in January 2021 by the merger of Peugeot and Fiat Chrysler, iis headquartered in Amsterdam and owns 16 brands including Fiat, Chrysler, Dodge, Jeep, Peugeot, Opel, Maserati and Alfa Romeo. It is the world's fifth-largest automobile manufacturer behind Toyota, Volkswagen, Hyundai and General Motors. Shares of Stellantis closed today at 15.84, a drop of 0.26 (1.61%).
Stellantis recalls 132,000 Jeep Cherokee SUVs over fire hazard
https://www.cbsnews.com/news/jeep-ch...ide-fire-risk/
Shares of Ford closed today at 11.38, a gain of 0.05 (0.44%). Shares of Tesla closed at 184.47, a gain of 1.57 (0.86%).
Elon Musk, Ford CEO announce surprising electric vehicle partnership
Newsweek, May 25 2023 6:26 PM EDT
Tesla CEO Elon Musk and Ford Motor Company CEO Jim Farley announced today that Ford customers will be able to utilize the Tesla Supercharger electric vehicle (EV) charging network in North America starting in early 2024. Ford customers currently have access to around 10,000 fast chargers. Tesla has around 12,000 in the U.S. and Canada, meaning that Ford F-150 Lightning, Mustang Mach-E and E-Transit owners will eventually have double the amount of charging opportunities. Ford vehicles from 2025 onward will be equipped with a NACS charge port like the one Teslas have now, eliminating the need for an adapter.
https://www.newsweek.com/elon-musk-f...witter-1802736
Avid Telecom's website describes the company as "a leading voice solutions provider." Apparently nobody there has any idea what the national "Do Not Call" registry is.
Avid Telecom, Arizona company responsible for 7.5 billion robocalls, sued by nearly every Attorney General
https://www.engadget.com/company-res...220050450.html
A vegan diet provides fiber and antioxidants, promotes weight loss, reduces the risk of heart disease by lowering cholesterol levels and reduces the chance of getting certain types of cancer, such as colon cancer. An added benefit is that vegans aren't affected by rising beef prices.
Costco customers are bypassing the beef aisle to shop for cheaper meats such as chicken and pork as a recession looms
https://www.businessinsider.com/cost...cession-2023-5