Author: News Room

Check out the companies making headlines in midday trading. Trump Media & Technology — The stock fell more than 10% following Tuesday’s debate between majority shareholder former President Donald Trump and Democratic Vice President Kamala Harris. On Wednesday, Trump Media hit its lowest intraday level since going public on the Nasdaq in late March. Rentokil Initial — Shares plunged 21% after the pest control company announced it’s expecting second-half organic sales growth for North America to slow to around 1%. GameStop — The meme stock tanked 12% after the video game retailer reported a steep decline in second quarter sales compared to the…

Norfolk Southern’s board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company’s top-ranking lawyer, according to several people with direct knowledge of the board’s thinking, which could create a leadership vacuum at one of the country’s largest railroads.The probe comes less than two years after a toxic derailment in East Palestine, Ohio, and the same year activist investor Ancora mounted a proxy fight at the $58 billion railroad.CNBC previously revealed that Shaw was under investigation for a relationship, but the board’s focus on that other executive, chief legal officer Nabanita Nag, had not been detailed. Nag…

The bigger your retirement account withdrawals, the higher your tax bracket will be in retirement. The good news is that you may owe fewer taxes in retirement than when you were in the workforce. There are no Social Security payroll deductions from your retirement account withdrawals. Everyone should have a plan to mitigate the tax hit on their retirement income streams. How Many Tax Brackets And Rates Are There? There are currently seven federal tax brackets. As you earn more money, you will move into higher tax brackets and owe more taxes on the next dollar earned. Current federal tax…

President Joe Biden on Tuesday described the killing of a 26-year-old American activist in the Israeli-occupied West Bank last week as an apparent accident, backing the Israel government’s description. Israel has claimed that Aysenur Ezgi Eygi was “hit indirectly and unintentionally by IDF fire” on Friday. Biden said his administration was still looking into her death. “We’re finding more detail,” Biden told reporters on the South Lawn of the White House Tuesday. “Apparently, it was an accident. It ricocheted off the ground and it – (she) got hit by accident, but we’re working that out now.” US officials have sharply…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starbucks’ new chief executive has pledged to restore its status as a “community coffee house”, signalling shifts from his predecessor’s strategy as he gave the first details of his plans for reviving the café chain’s faltering sales. In an open letter on his second day in the job, Brian Niccol set out the priorities for his first 100 days — and diagnosed some of the problems that led to his predecessor Laxman Narasimhan being abruptly ousted last month.Some stores, especially in the US,…

Alphabet Inc. (NASDAQ:GOOG) Goldman Sachs 2024 Communacopia and Technology Conference September 10, 2024 4:05 PM ET Company Participants Thomas Kurian – CEO, Google Cloud Conference Call Participants Eric Sheridan – Goldman Sachs Eric Sheridan All right. I know people are still finding their seats, but in the interest of time, let’s — we’ll get started on our next session. I’m going to start with a safe harbor. I’m going to introduce Thomas Kurian, who’s going to join me up on stage, walk through a slide presentation, and then we’ll do some Q&A. Some of the statements that Mr. Kurian may…

No more soup for the Campbell’s company. The 155-year-old Campbell Soup Company plans to drop “soup” from its corporate name, rebranding as The Campbell’s Company. More consumers are reaching for snacks and ditching ready-to-serve soups, and the company has bought up other food lines to grab them. In addition to its lineup of soups, Campbell now owns snack brands like Goldfish, Snyder’s of Hanover, Cape Cod, Pepperidge Farm and others. Campbell also recently bought Sovos Brands, maker of popular Italian food brands like Rao’s sauces. “This subtle yet important change retains the company’s iconic name recognition, reputation and equity built over 155 years while better reflecting the full…

A gauge of economic misery that has a strong track record of predicting elections is tilting toward a Kamala Harris victory — but it appears tight entering the race’s final stretch.The “misery index” is the addition of the unemployment rate to the annualized inflation rate in the U.S. It has correctly predicted 15 of the past 16 races for the White House, including every presidential matchup since 1980, according to an analysis by research firm Strategas.This index now sits at 7.02, below the level that Strategas has found would be consistent with the incumbent party losing the election. That number…

Check out the companies making headlines after the bell : GameStop — The gaming retailer was trading 7% lower after posting mixed second-quarter results. While revenue fell to $798 million from $1.16 billion a year ago, GameStop said net income rose to 4 cents per share from a loss of 1 cent per share a year ago. The company also announced it would sell up to 20 million shares of its class A common stock through Jefferies. Petco Health and Wellness — Shares rose 4% after the pet retailer posted second-quarter earnings that came in line with expectations, while Petco’s…

The new Baltimore Ravens NFL season started the same way it ended last year—with a gut-wrenching one-score loss to the annoyingly-popular Kansas City Chiefs. Worse yet, it was a literal matter of inches that kept the Ravens from tying or winning both games—with a goal-line fumble last season in the AFC Championship and a touchdown called back Thursday night as time expired, ruling that Isaiah Likely’s toe (toenail, really) was out of bounds. Unfortunately, the promulgation of schtick-selling personal finance gurus and coupon-snipping money savers have cast the impression that personal financial management is, like football, a “game of inches.”…