U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.56% By Investing.com

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in NYSE, the gained 0.56%, while the index fell 0.88%, and the index fell 2.05%. The best performers of the session on the were American Express Company (NYSE:), which rose 6.23% or 13.55 points to trade

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Nike to lay off 740 employees at Oregon headquarters By Reuters

(Reuters) – Nike (NYSE:) will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The “second phase of impacts” would begin by June 28 at its headquarters, Michele Adams, Nike’s vice president for people solutions, said in a legally mandated

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UnitedHealth CEO to testify before US House panel on cyberattack at tech unit By Reuters

(Reuters) – UnitedHealth (NYSE:) CEO Andrew Witty will testify before a U.S. House subcommittee on May 1 about a recent cyberattack at the company’s technology unit and its impact on patients and providers, the Energy and Commerce Committee said on Friday. The hack at Change Healthcare (NASDAQ:), a provider of healthcare billing and data systems, on Feb. 21 disrupted payments to doctors and healthcare facilities nationwide for a month. “We

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S&P 500 extends losing streak on Nvidia, Netflix slump By Investing.com

Investing.com– The S&P 500 closed below the 5,000 level Friday, rounding off the week with its sixth-straight daily loss as a Netflix and Nvidia led a rout.   At 16:00 ET (20:00 GMT), the fell 0.9% to close at 4,966.63, fell 2.1%, the  rose 211 points or 0.6%.  Netflix slumps on plans to stop reporting quarterly subscriber data; Nvidia tumbles again Netflix Inc (NASDAQ:) said it would stop reporting quarterly membership numbers and

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Sen. Warren calls for break up of Apple’s smartphone ‘monopoly’ By Investing.com

Investing.com — Senator Elizabeth Warren on Thursday called for the break up of Apple’s “monopoly” in the smartphone market, and said the green bubbles that appear in conversations between iPhone and non-iPhone users were ruining relationships.   “It’s time to break up, Apple (NASDAQ:)’s monopoly now,” Warren said in a post on X, accusing Apple of using “dirty tactics” to keep a “stranglehold on its smartphone market.”  Warren described a myriad ways — including the

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US regulators mulling bid to limit bonuses for Wall Street execs, WSJ reports By Reuters

(Reuters) – U.S. banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday. Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure

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Superfund designations could fuel PFAS litigation, enforcement By Reuters

By Clark Mindock (Reuters) – The U.S. Environmental Protection Agency has designated two of the most commonly used “forever chemicals” as hazardous substances under the federal Superfund law, in a bid to clean up properties across the United States that are contaminated with the toxic compounds. The highly anticipated rule will affect companies that use, dispose of or store two specific per- and polyfluoroalkyl, or PFAS, compounds. Here is what

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