Tag: Breaking News: Business

The Walt Disney Company is discontinuing the use of Slack for internal company communication following a data hack that leaked over a terabyte of company data. The company is transitioning

Nike announced on Thursday that CEO John Donahoe will be stepping down, with company veteran Elliott Hill returning from retirement to take over as the new leader. Donahoe, who has

Darden Restaurants reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. CEO Rick Cardenas expressed confidence in the company’s long-term prospects despite

Boeing is taking action to preserve cash amidst an ongoing machinist strike by temporarily furloughing thousands of U.S. executives, managers, and staff. The furloughs will impact tens of thousands of

The Federal Reserve is planning to lower Interest rates by another half point before the end of 2024. The Central bank has two more policy meetings scheduled for November and

The University of Tennessee announced a 10% increase in season ticket prices for all sports to accommodate the future revenue sharing with student-athletes. This increase, termed a “talent fee,” will

Intuitive Machines’ stock saw a significant increase in early trading following NASA’s award of a major contract to the company to develop moon data satellites. The contract, valued at up

NBA insider Adrian Wojnarowski is stepping down from his role at ESPN to join his alma mater, St. Bonaventure, as the general manager of the men’s basketball program. Known for

DoubleLine Capital CEO Jeffrey Gundlach has called for the Federal Reserve to quickly ease policy in response to the current economic slowdown. Gundlach suggested a half-point interest-rate reduction, emphasizing the

Billionaire investor Steve Cohen is stepping back from active trading at his hedge fund Point72. The influential hedge fund manager, also known as the majority owner of the New York