The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other small businesses with no ability to negotiate interchange fees on credit card transactions. “This is an odd grouping. The most conservative and the most liberal members happen to agree…
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024. Jakub Porzycki | Nurphoto | Getty Images CVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency’s case against drug supply chain middlemen over high insulin prices in the U.S. is unconstitutional. The complaint, filed in the U.S….
Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty Images DETROIT — Stellantis is delaying the launch of its Ram all-electric pickup truck from this year until the…
Goldman Sachs is out with its much anticipated 2025 equity outlook to clients and it calls for stocks to gain 11% from here (12% total return with dividends) as a growing economy and improving profit margins fuel sizable earnings growth. “Our view is predicated on continued US economic expansion, earnings growth of 11% in 2025 and 7% in 2026,…
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Embattled server maker Super Micro Computer said on Monday that it’s hired BDO as its new auditor and submitted a plan to Nasdaq detailing its efforts to regain compliance with the exchange….
ServiceTitan offices in Draper, Utah. Google Earth ServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol “TTAN.” The filing suggests that investors could be getting more interested in next-generation software companies. Just a few, including Reddit and Rubrik, debuted on public markets…
U.S. President-elect Donald Trump arrives on November 13, 2024 at Joint Base Andrews, Maryland. Andrew Harnik | Getty Images President-elect Donald Trump’s return to the White House is poised to have big impacts on consumer health care. Republicans may face few legislative roadblocks with their goals of reshaping health insurance in the U.S., experts said, after the party retained…
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines, an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger, increased competition and more demanding consumer tastes….
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to be a great…
US retired pro-boxer Mike Tyson (L) and US YouTuber/boxer Jake Paul (R) fight during the heavyweight boxing bout at The Pavilion at AT&T Stadium in Arlington, Texas, November 15, 2024. Timothy A. Clary | Afp | Getty Images The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books. Netflix…
