NIO’s stock could reach $8: Here’s why
NIO Inc. (NYSE: NIO) has recently captured the attention of investors and analysts following a series of positive developments. On Friday, J.P. Morgan upgraded NIO’s stock rating from Neutral to…
UiPath earnings fail to resolve uncertainty: What’s next for PATH shares?
UiPath Inc. (NYSE: PATH) saw its shares rise nearly 10% this morning following a stronger-than-expected earnings report for the second quarter. The company, which specializes in robotic process automation, exceeded…
ESPN networks, ABC and Disney channels go dark on DirecTV on a busy night for sports
ESPN has gone off the air on a major carrier for the second straight year during the U.S. Open tennis tournament and in the midst of the first full weekend…
How Nvidia doubled earnings, lost almost $300 billion in value and shook the stock market
It’s been described as the most important company in the world at the moment. But new concerns surrounding Nvidia, the chipmaker powering the artificial intelligence revolution — and which this…
NFL’s next big media rights payday is years off — and subject to a shifting industry
In 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July, the National Basketball Association signed an 11-year, $77 billion deal of its own. What’s next? Well,…
Why the LA Rams are worth $2 billion more than the LA Chargers
There is a $2 billion gulf growing in Los Angeles. The National Football League’s Los Angeles Rams, No. 2 on CNBC’s Official 2024 NFL Team Valuations list, are worth $8 billion, while the Los…
Red Lobster cleared to exit Chapter 11 bankruptcy
A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy. The company, known for its seafood offerings and cheddar biscuits, filed for…
Biden preparing to block U.S. Steel sale to Japanese company
WASHINGTON — President Joe Biden is preparing to announce that he will formally block Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel, two people familiar with the matter confirmed…
US equity funds see major outflows on growth concerns
(Reuters) – U.S. equity funds experienced their largest weekly outflow in 12 weeks by Sept. 4, driven by heightened investor anxiety about the economic outlook as they awaited crucial labor…
US IRS enforcement efforts recover $1.3 billion in unpaid taxes, Treasury says
WASHINGTON (Reuters) – The U.S. Treasury and Internal Revenue Service said on Friday that they have recovered $1.3 billion in unpaid taxes from wealthy individuals under new enforcement initiatives funded…