Author: News Room

Once considered the crown jewels of the blue chip index, GE and IBM were left for dead after years of managerial missteps. But these old giants are shaking off the rust, and are reclaiming ground lost a decade ago. By Brandon Kochkodin, Forbes Staff With all eyes glued to the Magnificent Seven megatech stocks, GE and IBM – formerly the bluest of blue chips – are sneaking back up the charts, shaking off a decade’s worth of rust. Back at the dawn of the 2000s, GE and IBM were still occupying top spots on Forbes’ rankings of the largest companies…

(This March 14 story has been refiled to correct the spelling of Cleveland-Cliffs (NYSE:) CEO Lourenco Goncalves’ surname in paragraph 9) By Trevor Hunnicutt and Alexandra Alper WASHINGTON (Reuters) – U.S. Steel Corp, which has agreed to be bought by Japan’s Nippon Steel for $14.9 billion, must remain a domestically owned American firm, President Joe Biden said on Thursday – expressing explicit opposition to the deal for the first time. “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned…

WWE SmackDown advertised The Rock returning “home” to the FedEx Forum, one week after SmackDown was No. 1 across all of television on the strength of Rock’s appearance in Texas. SmackDown also advertised Santos Escobar vs. Dragon Lee and the LWO vs. Legado del Fantasma in a qualifying match for WrestleMania 40’s six-tea Ladder Match. SmackDown’s main event featured Bayley vs. Dakota Kai. Last week’s broadcast of SmackDown garnered a viewership of 2.493 million, the biggest viewership on all of television. WWE SmackDown Results | March 15, 2024 Legado del Fantasma def. LWO | WrestleMania 40 Tag Team Title Qualifier…

It didn’t take long, and he didn’t have to go far. On Friday night, Robert Murray of Fansided reported that J.D. Davis and the Oakland A’s had agreed to a one-year, $2.5 million contract. With the deal, Davis moves across the Bay, going from the San Francisco Giants, who designated him for assignment earlier this week, to the concurrently rebuilding and tearing down A’s, who still have no official home beyond 2024. But beyond 2024 is of no concern to Davis, who with this signing recoups nearly half of what he lost when the Giants exercised what some have described…

By Erwin Seba HOUSTON (Reuters) -Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls. futures slid 9 cents or 0.11% to $85.33 a barrel at 12:16 p.m. CDT (1716 GMT). U.S. West Texas Intermediate (WTI) crude was down 17 cents or 0.21% to $81.09. “Supplies are tightening” for motor fuels, said Phil Flynn, analyst at Price Futures Group. “Prices are at risk to go higher.” But “there are worries…

Hugo Travers may not think of himself as a journalist, but he could be the most popular one in France. Travers, 26, is the founder and face of HugoDecrypte, a French media start-up that delivers news aimed primarily at young audiences. What began eight years ago as a university student’s YouTube channel now boasts 14 million followers across its social media accounts, 200 million monthly views on TikTok and another 35 million on YouTube. HugoDecrypte’s Instagram account has more followers than Le Monde, the French daily widely considered the country’s newspaper of record, as well as BFMTV and France24, arguably…

Former Trump adviser Peter Navarro is asking the Supreme Court to let him avoid reporting to a federal prison next week to begin serving a four-month sentence for his contempt of Congress conviction. In an emergency request filed Friday afternoon, Navarro asked the court to let him remain free while he challenges the conviction before the federal appeals court in Washington, DC. Navarro has been ordered to report to a federal prison in Miami by March 19. Navarro’s attorneys argued that pausing a lower court’s ruling rejecting his bid to stay free is warranted when the person making the request…

The White House on Friday said federal regulators are doing everything they can to assuage Americans’ anxieties about flying after notable recent mishaps on Boeing planes. But asked directly whether President Joe Biden thinks it’s safe to fly, press secretary Karine Jean-Pierre sidestepped. “I think what he – I think what Americans should know is that (the Federal Aviation Administration) is doing everything that it can to make sure that Americans feel safe,” Jean-Pierre told reporters during a press briefing Friday. She added that the FAA is taking actions “to make sure that there is increased safety oversight of Boeing…

Rolf Habben Jansen, CEO of Hapag-Lloyd, the world’s fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. Conversations with clients and other logistics companies have led the shipping CEO to a more optimistic view on demand in the second half of the year than projected in previous forecasts.”We also see that inventories are depleted in many cases and so far we’ve seen a good recovery after Chinese New Year,” Jansen said. “So we’ve been fairly happy with that.”The company reported a steep drop in its 2023 net profit this week and slashed…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks declined on Friday as investors looked to wrap up a volatile trading week. The S & P 500 and Nasdaq slipped 0.4% and 0.5%, respectively, in morning trading. The blue-chip Dow was down slightly as well. This follows a losing session, spurred by inflation concerns on Thursday’s hotter-than-expected producer price index print. Shares of chip names like Nvidia and Broadcom whipsawed this week. Still, Jim Cramer said investors shouldn’t worry about the group…