SEOUL—Apple AAPL 1.17%increase; green up pointing triangle says it will soon introduce generative artificial intelligence to its new iPhones. Samsung 005930 0.00%increase; green up pointing triangle Electronics, Apple’s chief smartphone rival, offers clues on how the experience might go. Since January, Samsung has rolled out many of the same AI features that Apple has promised,…
Shares of BuzzFeed Inc. BZFD, -8.50% were up more than 90% after hours on Wednesday after the media company said it had sold off the pop-culture site Complex and would lay off 16% of its remaining staff, marking the latest cutbacks in the digital-media industry. BuzzFeed — which owns its namesake outlet, HuffPost and First…
Charles Schwab Corp. SW, -0.53% said Wednesday total client assets in January rose 14% from the year-ago period, and remained flat with the previous month. Total core net new assets brought to the company in January by new and existing clients were $17.2 billion, or $21.4 billion in core net new assets excluding Ameritrade originated…
PNC Financial Services Group Inc. PNC, -2.60% said Wednesday it plans to spend $1 billion on its branch network. Plans include opening more than 100 new branches and renovating 1,200 out of a total network of 2,300 by the end of 2028. PNC plans to build new branches in San Antonio, Texas, Miami, Houston, Dallas,…
Shares of Royal Caribbean Group RCL, +0.90% cruised 0.8% higher n premarket trading Thursday after the cruise operator reported fourth-quarter profit that beat expectations but revenue that came up a bit light, while providing an upbeat outlook for 2024 amid record booked positions in both rates and volume. The company swung to net income of…
A woman who once worked for World Wrestling Entertainment Inc. TKO, -0.40% has accused its former chief executive Vince McMahon, the company and a former executive of sex trafficking in a lawsuit filed Thursday. Janel Grant claims in the suit she was abused and sexually exploited by McMahon, who promised career advancement. She also alleges…
Shares of American Airlines Group Inc. AAL, -0.50% jumped 3.8% in premarket trading Thursday, after the air carrier beat fourth-quarter earnings expectations and provided an upbeat 2024 profit outlook. Net income dropped to $19 million, or 3 cents a share, from $803 million, or $1.14 a share, in the year-ago period. Excluding nonrecurring items, adjusted…
The Federal Aviation Administration on Wednesday said it would not allow Boeing Co. BA, +1.24% to expand production of its Max jets, following a mid-flight blowout on a flight that led to the grounding of dozens of those planes. The agency also said it approved a “thorough inspection and maintenance process” required for each of…
Shares of 3M Co. MMM, +0.24% tanked 6.2% in premarket trading Tuesday, after the consumer, industrial and healthcare-products company reported fourth-quarter profit that rose above expectations but provided a 2024 outlook that was well below forecasts. Net earnings per share rose to $1.70 from 98 cents a year ago. Excluding nonrecurring items, such as litigation costs…
Updated Jan. 16, 2024 4:34 pm ET Stocks opened the week lower, hinting at why some investors believe the “everything rally” of late 2023 will be hard-pressed to continue. All three major indexes are in the red for 2024 after Tuesday’s session. The S&P 500 slipped 0.4%, while the tech-heavy Nasdaq Composite dropped 0.2%. The…
