Author: News Room
Elon Musk’s SpaceX has accused a California regulator of political discrimination after it voted to block the rocket company from conducting more launches on the state’s central coast. SpaceX claimed in a lawsuit filed Tuesday that members of the California Coastal Commission violated Musk’s right to free speech and overstepped the agency’s authority after members cited the billionaire’s conspiratorial comments on his social media platform X in denying the bid. The commission oversees development and environmental protection of the state’s coastline. It’s not clear whether the commission was ever in a position to block the project, and the increased number…
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per share and revenue of $4.35 billion. CSX — The rail transportation company lost 4% after third-quarter results fell short of Wall Street’s forecasts. CSX reported earnings of 46 cents per share on revenue of $3.62 billion, while analysts polled by LSEG anticipated 48 cents per share in earnings and revenue of…
Shares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million shares of its common stock.The announcement was made in conjunction with plans for Lucid’s majority stockholder and affiliate of Saudi Arabia’s Public Investment Fund, Ayar Third Investment Co., to purchase more than 374.7 million shares of common stock from Lucid in a “private placement concurrently with the public offering.”Following the transaction, Ayar is expected to maintain its approximate 58.8% ownership of Lucid’s outstanding common stock, Lucid said in a release.Lucid said the transaction is subject to…
The start of the Medicare Open Enrollment Period revealed major changes in the availability of plans and pricing. The biggest changes are in Medicare Advantage plans and Part D prescription drug plans. As expected, significant changes were on the way because of announcements from major insurers and policy changes from the Centers for Medicare & Medicaid Services. Revisions in the law also made an upheaval likely, especially in Part D plans. Preliminary data from CMS issued before open enrollment (which runs from October 15 to December 7) summarized the changes. There are 6.6% fewer Medicare Advantage plans with prescription drug…
Geraldo Rivera explains why he is endorsing Kamala Harris Former Fox News host Geraldo Rivera joins CNN’s Erin Burnett to discuss why he is endorsing Vice President Kamala Harris and why his relationship with former President Donald Trump has changed. Read the full article here
A top US business lobby group has urged Americans to respect the processes of an orderly transition of political power, with voting under way across the country for next month’s presidential election.“It can take time to finalise election results, and we urge all Americans to respect the processes set out in federal and state laws for electoral determinations and an orderly transition,” Business Roundtable chief executive Joshua Bolten said.The statement follows Republican presidential candidate Donald Trump’s claim that the transfer of power following his 2020 defeat was peaceful.“You had a peaceful transfer of power”, Trump told the Economic Club of Chicago…
Omnicom Group Inc. (NYSE:OMC) Q3 2024 Earnings Conference Call October 15, 2024 4:30 PM ET Company Participants Gregory Lundberg – Senior Vice President, Investor RelationsJohn Wren – Chairman and Chief Executive OfficerPhil Angelastro – Executive Vice President and Chief Financial Officer Conference Call Participants David Karnovsky – JPMorganCameron McVeigh – Morgan StanleySteven Cahall – Wells FargoJason Bazinet – CitiTim Nollen – MacquarieCraig Huber – Huber Research PartnersAdam Berlin – UBS Operator Good afternoon, and welcome to the Omnicom Third Quarter 2024 Earnings Conference Call. Please note that this call is being recorded. At this time, all participants are in a…
Former President Donald Trump’s social media company suffered a sudden nosedive in the stock market Tuesday that briefly halted trading and left traders scratching their heads. Truth Social owner Trump Media & Technology Group was trading sharply higher during a volatile session at about $31 per share when it swiftly collapsed below $29 shortly after 2:40 p.m. ET on heavy trading volume. Nasdaq paused trading for Trump Media at 2:42 p.m. ET for five minutes, a routine cooling-off period that exchanges are required to impose during times of heavy volatility. When trading resumed, Trump Media initially bounced back before plunging below $27.…
Here are the stocks making notable moves after the bell on Tuesday. United Airlines — The travel stock dipped less than 1% despite United’s third-quarter report beating estimates on the top and bottom lines. United reported adjusted earnings of $3.33 per share on $14.84 billion of revenue. Analysts surveyed by LSEG were looking for $3.17 per share on $14.78 billion of revenue. United also announced a $1.5 billion share buyback. Interactive Brokers — Shares of the brokerage firm fell more than 3% after third-quarter earnings missed expectations. Interactive Brokers reported $1.75 in adjusted earnings per share, while analysts surveyed by…
There is steady interest — from everyday people to researchers alike — in what it takes to live a long, healthy life. From cookbooks to research papers to the hundreds of articles you can access with a quick Google search, the amount of information to digest and advice to take in can get overwhelming.But there are simple approaches you can take and easy changes to implement if you’re hoping to live to 100.For nearly two years, I’ve been reporting on longevity and the lifestyle choices that seem to help people live longer. Here are five habits that stand out.1. Eat…
