British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges in a landmark trial over allegations made by Hewlett Packard. The tech giant accused Lynch of artificially inflating the value of his company, Autonomy, when he sold it for $11.7 billion in 2011. Despite his acquittal, Lynch’s troubles were
Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and projecting weak home improvement spending in the second half of the year. The company now expects total sales to range between $82.7 billion and $83.2 billion for the full year, a decrease from the $84 billion to $85 billion
Elliott Management has recently made some significant moves in the market, becoming one of the most active activist investors in the last few months. Some of their notable investments include Texas Instruments, Southwest Airlines, and Starbucks. While the stock of Texas Instruments has seen an increase of 1.7% since Elliott’s investment, Southwest Airlines has experienced
The recent enthusiastic reaction from Wall Street to solid earnings from Palo Alto Networks may be a sign of danger rather than success. While the stock surged more than 8% to reach roughly $372 per share after posting better-than-expected fiscal fourth-quarter earnings, this significant rally of approximately 27% since August 5 raises concerns about the
The comparison between the total cost of ownership for electric vehicles (EVs) and traditional gasoline cars is a critical factor for consumers considering making the switch to electric transportation. While EVs have the potential to be more cost-effective over the long term, there are several variables that can influence this decision. Factors such as upfront
As the 2026 elections approach, former President Donald Trump and Vice President Kamala Harris are unveiling their economic agendas that include significant tax changes. These changes have the potential to affect millions of Americans and will be a key issue for the next president. Without action from Congress, trillions in tax breaks enacted by Trump
In the wake of the Bank of England’s first interest rate cut in four years, Britain’s major high street lenders have been aggressively reducing their borrowing costs. This move has been fueled by a surge in homebuyer activity, with lenders such as Barclays, Halifax, HSBC, and NatWest now offering five-year fixed rate mortgages of under
Alaska Airlines has successfully navigated through the U.S. Justice Department’s regulatory investigation to acquire Hawaiian Airlines. This comes after an extensive period of examination where antitrust regulators reviewed the proposed $1.9 billion deal between the two carriers. The fact that no lawsuit was filed to block the deal indicates that the DOJ has given its
Boeing announced on Monday that it has temporarily halted flight tests of its 777X aircraft after identifying structural damage in one of the wide-body planes. The damage was found in a custom part located between the engine and the aircraft structure during routine maintenance. As a result, the company has grounded the other three 777-9
After closely monitoring the market trends and analyzing the financial performance of Estee Lauder, it has come time for investors to make a difficult decision. The Charitable Trust, led by Jim Cramer, has decided to exit their position in Estee Lauder by selling 330 shares at a price of approximately $96.30. This move signifies a