WASHINGTON (AP) — President Donald Trump said this week that he’s whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell, a choice that could reset the path of the nation’s economy. Asked on CNBC’s “Squawk Box” for a future replacement for Powell, Trump named [...]
Disney’s profit and revenue climbed in its fiscal third quarter as the entertainment company continued to add subscribers to its streaming service and see strength at its domestic theme parks. It also raised its full-year adjusted earnings forecast. The Walt Disney Co. earned $5.26 billion, or $2.92 per share, for the three months ended June [...]
NEW YORK (AP) — Palantir Technologies booked its first $1 billion in quarterly sales and is raising its outlook for the year. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33 percent to $327 million in the second [...]
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package. The electric-vehicle maker said in a regulatory filing that Musk first must pay Tesla $23.34 per share of restricted stock that vests, which [...]
TRENTON, N.J. (AP) — DuPont and two other companies will pay New Jersey up to $2 billion to settle environmental claims stemming from PFAS, commonly referred to as “forever chemicals,” the companies announced. State Environmental Commissioner Shawn LaTourette said the deal with DuPont, Chemours and Corteva is the largest such settlement in the state’s history. [...]
ANNAPOLIS, Md. (AP) — The owners of the cargo ship that crashed into the Francis Scott Key Bridge are suing the company that built the vessel, alleging negligence in the design of a critical switchboard on the ship. Grace Ocean Private and Synergy Marine PTE Ltd, the owners of the Dali, filed the lawsuit last [...]
Ohio’s gross domestic product is expected to grow about 1 percent to 1.5 percent this year, according to new report from the Ohio Chamber of Commerce Economic Advisor Council. The state’s GDP lags the national economy, which expanded at a 3 percent annual pace from April through June, according to the Commerce Department. America’s gross [...]
A Fifth District Court of Appeals panel recently affirmed the conviction of a Delaware woman on charges that include kidnapping, abduction (both with firearm specifications), domestic violence, aggravated menacing and two counts of assault. The appellate panel found that the Delaware County Common Pleas Court was correct in determining that 36-year-old Megan Cochran failed to [...]