Editor’s Pick – Page 16

Editor's Pick

Hurricane Milton could reduce Disney earnings, Goldman says

Projected park closures and disruptions from Hurricane Milton could cut into Walt Disney’s earnings, according to Goldman Sachs analysts. The firm estimated Tuesday that the hurricane, projected to make landfall in central Florida…

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Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to move north of the Yucatan…

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As Apple enters AI race, iPhone maker turns to its army of developers for an edge

As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers. IPhone users will get their…

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CVS is under pressure and considering a breakup. Here’s why that could be risky

It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance unit and pharmacy reimbursement…

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Dockworkers on East and Gulf Coast to return to work after reaching agreement on wages

Thousands of dockworkers on the East Coast and Gulf Coast will return to work after reaching a tentative agreement on wages, ending one of the biggest work stoppages in decades.…

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How a tiny town hit by Helene could upend the global semiconductor chip industry

Virtually all of the world’s supply of a mineral that is critical to semiconductor production comes from one tiny town in the foothills of the Blue Ridge Mountains that has been devastated…

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Elon Musk’s Starlink brings internet — and politics — to storm-ravaged areas

Starlink, the satellite internet service from SpaceX, is poised to become a crucial lifeline in parts of southern Appalachia that were devastated by Hurricane Helene. The Biden administration has announced…

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LVMH and Formula One announce 10-year partnership

Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday afternoon. The partnership will officially launch at the…

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OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round

OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech…

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Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases

As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a company pay for an asset over years,…

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