C2 Business

Tesla's stock fell 8% due to a delay in unveiling its "robotaxi," while Paramount plans a merger with Skydance Media amid a 20% stock decline and hopes for future film successes. New York City introduces wheeled garbage bins after a $1.6 million contract with McKinsey, aiming to replace traditional sidewalk trash mounts. Etsy shifts focus to "keep commerce human," mandating...

Chipotle's CFO Jack Hartung announced his retirement, effective March 2025. Ford reported a 1% sales increase in Q2, driven by a 5% rise in truck sales, contrasting with GM's 0.6% rise. Federal Reserve Chair Jerome Powell addressed inflation and job market progress before Congress. S&P 500 closed at a record high, while Dow Jones futures fell 3%. Bulletin brief Chipotle Mexican Grill’s...

Nike's shares plunged 20% after predicting a 10% sales decline due to weak consumer trends and slow China sales. Meanwhile, Nvidia's stock surged 149% amid the AI boom, but Federal Reserve interest-rate cuts are delayed amid market growth. The FTC blocked Tempur Sealy's $4 billion acquisition of Mattress Firm due to competition concerns. The Biden administration proposed heat protectio...

The Supreme Court voted 6-3 to eliminate the SEC's ability to use in-house administrative tribunals for fraud cases, granting defendants the right to a jury trial in federal court instead, which could significantly impact how federal agencies handle such cases. Chipotle announced a 50-for-1 stock split, aiming to make its shares more accessible by dividing the current high share price into sma...

This week in the automotive industry, Volkswagen invests $1 billion in Rivian amid slow EV adoption, while Nvidia's stock surge supports S&P 500 amidst economic slowdown. General Motors Cruise names Mark Whitten CEO amidst autonomous vehicle relaunch efforts, as Cox Automotive predicts slowing sales growth and increased incentives amid rising inventory levels and election-year scrutiny. Jo...

This Friday marks triple-witching day, where stock options, stock index futures, and stock index options contracts all expire simultaneously. Nvidia is particularly noteworthy today, with speculation swirling that a significant portion of their outstanding options may expire by day's end. Recent heat waves in the United States might affect your stock portfolio. Research from the University of...

Today on C2 Business, Nvidia becomes the most valuable public company, surging 3.5% past Microsoft. Steve Cohen plans a $1 billion AI-focused hedge fund launch. La-Z-Boy stocks soar 19%, Six Flags-Cedar Fair merger finalized. Surgeon General urges social media warning labels for mental health. Adobe faces lawsuit over subscription termination practices. McDonald’s ends AI drive-thru partnership wi...

Q1 earnings for the S&P 500 are in, and 61% of companies beat expected earnings for the quarter and some analysts expect this quarter’s index growth rate to hit almost 6%. Roaring Kitty, aka Keith Gill, is back in the news again after revealing earlier this month that he held up to $160.4 million worth of Gamestop stock. However, with a disappointing shareholder meeting and Q1 report, the Kitt...

Wall Street drifts to a mixed close but still notches some records ( AP ) Stock futures are little changed ahead of Fed’s rate decision ( CNBC ) More states join US monopoly against Apple ( Reuters ) Peso gets crushed as investors worry Sheinbaum’s win was too big ( Bloomberg ) Judges appeal Elizabeth Holmes’ appeal of fraud conviction ( AP )