By Harshita Mary Varghese and Aditya Soni February 27, 2025 – 7:46 AM PST (Reuters) – Warner Bros Discovery said it expects…
Read More Warner Bros Discovery expects streaming profits to double, sets 150 million users goal
Category: Business
US new home sales fall sharply in January
Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers.
Read More US new home sales fall sharply in January
Nasdaq touches over one-month low after weak consumer sentiment data
The tech-heavy Nasdaq led Wall Street declines, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment.
Read More Nasdaq touches over one-month low after weak consumer sentiment data
Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push
Starbucks said it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his turnaround efforts with falling sales.
Read More Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push
US probes UnitedHealth’s Medicare billing practices, WSJ reports
The Justice Department has launched a probe into UnitedHealth’s Medicare billing practices in recent months, sending the healthcare conglomerate’s shares nearly 12% lower.
Read More US probes UnitedHealth’s Medicare billing practices, WSJ reports
Target sued by Florida for defrauding shareholders about DEI
Target was sued by the state of Florida for allegedly concealing the risks of its diversity and social initiatives, leading its stock price to decline.
Read More Target sued by Florida for defrauding shareholders about DEI