The hedge fund said it was seeking a deal to “enhance shareholder value” that could include an acquisition or merger, according to the filing.
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Electric vehicles are in short supply. Here’s what you can find as gas prices soar
If consumers don’t want to wait for a new EV, some models may be easier to find than others, according to industry data compiled by […]
Continue readingNordstrom raises full-year outlook as first-quarter sales top expectations
CEO Erik Nordstrom said the company has been able to capitalize on demand from people who are shopping for “long-awaited occasions.”
Continue readingStellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
Carlos Tavares expects a shortage of electric vehicle batteries by 2024-2025, followed by a lack of raw materials by 2027-2028.
Continue readingNFL renews its sponsorship deal with Pepsi, but without the Super Bowl halftime show
The NFL and Pepsi officially renewed their 40-year relationship, but Super Bowl halftime rights are going back on the market.
Continue readingStock futures rise following Tuesday’s losses in the Nasdaq
Traders are digesting a warning of slowing growth from social media company Snap that hurt the tech-heavy Nasdaq Tuesday.
Continue readingFTC launches investigation into infant formula makers over nationwide shortage
The Federal Trade Commission is launching an investigation into whether mergers in the baby formula industry contributed to the current shortage.
Continue readingStocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit
These are the stocks posting the largest moves in extended trading.
Continue readingCrypto billionaire says he could spend a record-breaking $1 billion in 2024 election
Democratic cryptocurrency exchange founder Sam Bankman-Fried says he expects to spend “north of $100 million” in 2024, with “soft ceiling” of $1 billion.
Continue readingAllbirds to start selling its shoes in select Nordstrom department stores
Starting June 1, a selection of Allbirds shoes, including its signature wool sneakers, will be available for sale in 14 Nordstrom locations.
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