Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The US dollar has surged to its highest level since August, driven by strong economic data and growing investor confidence in Donald Trump’s chances of winning the upcoming presidential election. The currency … Read more
Sources close to Gates reportedly told the outlet that the billionaire, long known for staying out of politics publicly, had donated about $50 million to a nonprofit supporting Harris’s run. In a statement to the Times, Gates did not confirm or deny the donation but said, “this election is different.” Fortune has reached out to … Read more
Several companies made headlines in after-hours trading, with Texas Instruments standing out as it saw a 2% increase. The semiconductor company reported third-quarter earnings of $1.47 per share on revenue of $4.15 billion, surpassing analysts’ expectations of $1.38 per share and $4.12 billion in revenue. Seagate Technology, a data storage company, saw a 3.6% dip … Read more
Seagate Technology (STX) stock experienced a decline in late Tuesday trading, despite the company reporting fiscal first quarter earnings and sales that surpassed expectations. The data storage company’s guidance for current quarter revenue also aligned with analyst projections. Seagate announced that it had earned an adjusted $1.58 per share on sales of $2.17 billion for … Read more
NiSource Inc., a leading energy provider, announced significant changes to its corporate governance in a recent SEC filing. The company eliminated certain preferred stock classes, including the Series C Mandatory Convertible Preferred Stock, which was automatically transferred and canceled on December 1, 2023. The Board of Directors also adopted amended and restated bylaws to align … Read more
A senior Volkswagen executive has been deported from China, dealing another blow to the German group’s efforts to maintain its presence in the world’s largest car market. Jochen Sengpiehl, VW’s chief marketing officer and head of product strategy for China, was detained in China for about 10 days before being deported back to Germany. According … Read more
Federal regulators have given a significant boost to electric-powered air taxis by issuing a final rule for the operation of the aircraft and the training of pilots. The head of the Federal Aviation Administration, Mike Whitaker, stated that the rule acknowledges air taxis as a new type of aircraft that will soon be seen alongside … Read more
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Verizon Communications (NYSE: VZ) saw a decline in its stock price today following disappointing revenue results. The telecom company attributed this to weakness in wireless equipment sales and a slow phone upgrade cycle. As of 11:44 a.m. ET, Verizon’s stock had dropped by 4.3%. Verizon’s core wireless service business showed steady growth, with revenue increasing … Read more
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE:) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock … Read more