Bose is clearing out QuietComfort headphones, cutting the price from $349 to $199, a 43% discount that undercuts rival flagships. The over-ear cans pair proprietary active noise cancellation with plush cushions and a padded headband for long-haul comfort, plus Quiet and Aware modes. Battery life hits 24 hours, and a...
Jamie Dimon said he called Mayor-elect Zohran Mamdani on Wednesday, signaling a thaw after sharp criticism from New York business leaders. In a CNN interview, the JPMorgan Chase chief said he’ll keep talking if it proves productive, even as he questioned Mamdani’s inexperience and urged New York to stay competitive....
Corporate profits are surging and stocks are setting records, even as companies have axed nearly 1 million jobs this year, a split Chen Zhao of Alpine Macro calls a 'jobless boom.' He points to fast-spreading AI that lifts productivity while damping labor demand. With the Labor Department’s reports delayed by...
The FDA is roiled by the resignation of George Tidmarsh, former head of the Center for Drug Evaluation and Research, after a lawsuit by Aurinia Pharmaceuticals alleged he defamed its lupus nephritis drug on LinkedIn, spurring a 20 percent stock drop, and sought revenge against board chair Kevin Tang—claims he...
Movies Anywhere quietly announced that Google Play and YouTube no longer participate in its cross-platform library syncing, a move that appears linked to Disney’s feud with Google. The notice, dated October 31, coincides with Disney-owned networks like ABC and ESPN leaving YouTube TV amid a contract dispute and missing titles...
Federal investigators say a UPS cargo jet erupted in flames on its left wing and lost an engine moments after takeoff from Louisville, then crashed and exploded, killing at least 12. The MD-11 freighter, departing for Honolulu with three aboard, scattered wreckage across a half-mile before striking structures off airport...
Sinclair Broadcast Group CEO Chris Ripley used a Wednesday earnings call to condemn the ABC blackout affecting about 10 million YouTube TV subscribers, saying local broadcasters have no say over whether their paid-for content reaches viewers. He argued the standoff violates the Communications Act’s intent and may raise antitrust concerns,...
DoorDash’s third-quarter report sent shares down 14% as earnings missed forecasts while revenue beat. EPS was 55 cents versus 69 cents expected, and revenue rose 27% to $3.45 billion. Net income reached $244 million, and orders grew 21% to 776 million, just above FactSet’s tally. The company plans to spend...
E.l.f. Beauty shares tumbled 29% after full-year guidance underwhelmed, despite a boost from Hailey Bieber’s Rhode. The company projects $1.55 billion to $1.57 billion in revenue and adjusted EPS of $2.80 to $2.85, both below LSEG expectations, while Rhode is slated to add $200 million this year and $300 million...
Robinhood Markets has become one of Wall Street’s standout winners since Donald Trump’s election victory, with shares up about 450% through Tuesday, far outpacing the S&P 500’s 17% gain. The platform is the biggest gainer among companies worth at least $10 billion ahead of the 2024 election, Bloomberg data show....
