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
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