Quartz
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Weekend Earnings Snapshots Roundup December 21, 2024 - 2024-12-21T14:00:00Z
Costco Wholesale Corporation (COST) has submitted its 10-Q filing for the quarterly period ended November 24, 2024.
America's richest Black person, AT&T calls workers back, and leases drive RTO: Leadership roundup - 2024-12-21T14:00:00Z
IT entrepreneur David Steward is the wealthiest African American man in the nation. According to Forbes, his net worth is at a record $11.4 billion dollars, making him part of the only one percent of Black entrepreneurs or executives on the impressive list.
The world's richest families, a privileged pass to college, and microdosing Zepbound: Lifestyle roundup - 2024-12-21T14:00:00Z
There were more billionaires in 2024 than at any point in history, as the wealthiest people alive continue to accrue wealth in record numbers.
Amazon runs out of space, Starliner astronauts stay stuck in space, and wooing Trump: Tech news roundup - 2024-12-21T14:00:00Z
Amazon (AMZN) is reportedly hitting pause on its return-to-office (RTO) plans due to a shortage of office space.
Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup - 2024-12-21T14:00:00Z
Retiring at 65 is increasingly a thing of the past — especially if you want to get your full Social Security benefits.
Doc visits for weight loss drugs, Walmart body cams, and 2025 predictions: Business news roundup - 2024-12-21T14:00:00Z
Popular weight-loss drugs like Wegovy and Zepbound are boosting the use of healthcare in the U.S., leading to an uptick in patients getting diagnosed and starting prescriptions for other conditions, according to a new analysis by health data firm Truveta.
12 cities in America that first-time homebuyers should check out - 2024-12-21T12:00:00Z
Sixty-nine percent of Americans said they were “very concerned” about the cost of housing, according to a recent Pew Research Center survey. But buying a house isn’t out of reach everywhere.
Google's 'thinking' model, Databricks' $10 billion, and ChatGPT search updates: This week's AI launches - 2024-12-21T10:00:00Z
Each week, Quartz rounds up product launches, updates, and funding news from artificial intelligence-focused startups and companies.
The FDA just approved Eli Lilly's Zepbound for sleep apnea — and Medicare coverage could be next - 2024-12-20T22:00:00Z
Eli Lilly (LLY) announced today that its blockbuster weight-loss drug Zepbound was approved by the U.S. Food and Drug Administration (FDA) as the first prescription drug to help alleviate moderate-to-severe obstructive sleep apnea (OSA) for adults with obesity.
CEOs left their companies in droves this year, setting a new record - 2024-12-20T20:02:00Z
We may be witnessing peak CEO exodus, according to a new report, which found that more chief executive officers have left their roles in 2024 than in any other year over the past few decades.
OpenAI unveils o3, its next 'reasoning' model - 2024-12-20T19:27:00Z
OpenAI ended its “12 Days of OpenAI” product-launch spree by unveiling the successor to its first “reasoning” model.
JPMorgan Chase, Bank of America, and Wells Fargo are being sued for fraud on Zelle - 2024-12-20T18:36:37Z
The Consumer Financial Protection Bureau sued JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Friday over their handling of fraud on the peer-to-peer payments network Zelle.
The Dow surges 800 points and Nvidia stock rebounds as new inflation data soothes investors - 2024-12-20T17:49:00Z
The Dow Jones Industrial Average climbed more than 800 points on Friday, buoyed by inflation data that helped the market rebound from the losses earlier this week. The Personal Consumption Expenditures (PCE) price index, which is regarded as the Federal Reserve’s preferred gauge of inflation, rose a modest 0.1% in…
Boeing is about to get 'aggressive' in building more 737 Max planes - 2024-12-20T17:47:00Z
After a particularly difficult 2024, Boeing (BA) is looking to hit the ground running next year. Aviation news site The Air Current reports that the planemaker is telling suppliers that it will be “aggressive” in hitting maximum production speed by summer.
American Airlines settled a lawsuit by 3 Black passengers kicked off a plane - 2024-12-20T17:29:47Z
American Airlines (AAL) has settled a lawsuit filed by a group of Black flyers who said they faced discrimination from the carrier while flying out of Phoenix earlier this year. The passengers said they were singled out for removal from their flight under the guise of an odor complaint.
Starbucks workers in 3 cities are on strike before Christmas - 2024-12-20T16:11:00Z
Starbucks (SBUX) workers in three major cities are launching pre-Christmas strikes on Friday as negotiations with their employer stall.
The Walmart family is handing over more control to the next generation - 2024-12-20T15:56:00Z
The Walton family, one of richest dynasties in the U.S., is now handing over more control of Walmart (WMT) to the next generation.
A next-gen Ozempic falls short in a drug trial — and Novo Nordisk stock plunges 20% - 2024-12-20T15:39:46Z
Novo Nordisk (NVO) released mixed clinical-trial results for its potential Ozempic successor on Friday, leaving Wall Street disappointed.
Trump to Europe: Buy more U.S. oil and gas or face 'TARIFFS all the way!!!' - 2024-12-20T14:47:00Z
President-elect Donald Trump is again using the “most beautiful word” as a threat against U.S. trade partners.
Trump Media stock slumps 4% after Donald Trump moved all his DJT shares to a trust - 2024-12-20T13:55:00Z
Shares of Trump Media & Technology Group (DJT) slipped almost 4% in pre-market trading Friday, after regulatory filings showed President-elect Donald Trump moved the entirety of his stake in the company to a revocable trust.
Bitcoin plunges back below $95,000 - 2024-12-20T13:29:00Z
Bitcoin sunk below $92,000 early Friday before recovering some ground, on the heels of the Federal Reserve signaling a slowdown in interest rate cuts for 2025.
Ozempic lures people to the doctor, Nestle's GLP-1 'shot,' an FDA Zepbound ruling: Pharma news roundup - 2024-12-20T10:00:00Z
Nestle (NSRGY) just rolled out a new protein shot drink that it says will help people looking to lose weight manage their hunger and naturally produce GLP-1, the hormone weight-loss drugs mimic. The U.S. Food and Drug Administration (FDA) ruled Thursday that the shortage of tirzepatide — the active ingredient in Eli…
Microsoft and Gretel team up to drive AI innovation - 2024-12-20T10:00:00Z
Nvidia's stock slump, Softbank woos Trump, and call 1-800-ChatGPT: AI news roundup - 2024-12-20T10:00:00Z
OpenAI made its popular artificial intelligence-powered chatbot more accessible this week, announcing that U.S. phone numbers can call it at 1-800-CHATGPT, while global users can text the chatbot via WhatsApp (META).
How to give people Bitcoin and other cryptos this holiday season - 2024-12-20T10:00:00Z
The holiday season is here, bringing with it the familiar question: what’s the perfect gift for loved ones? You might be surprised to learn that cryptocurrencies like Bitcoin, Ether, and others can be gifted to someone. By gifting cryptocurrency, you can introduce someone to the exciting world of digital assets,…
Walmart's gangbusters year, Starbucks' parental leave, and Taco Bell's new thing: Retail news roundup - 2024-12-20T10:00:00Z
Walmart (WMT) has delivered an exceptional year that has transformed its market position. The retailer’s shares surged more than 80% in 2024, pushing its market value to $768 billion after adding $340 billion in market capitalization. The retail giant’s exceptional performance has been driven by its success in…
Frontier's all-you-can-fly, Boeing's future, and a big 2025 for the Big 3: Airlines news roundup - 2024-12-20T10:00:00Z
Frontier Airlines sold its all-you-can-fly passes for their lowest price ever. Boeing announced a big investment in its 787 Dreamliner plant, and Deutsche Bank predicts a big 2025 for the airline industry’s “Big 3.” Plus: The government had a response to all those anxieties about drone sightings on the east coast.
10 major airline routes that could have the longest delays this Christmas - 2024-12-20T10:00:00Z
When people take off for their holiday travels this year, the last thing they will want to deal with will be a delay at the airport. But the delays will likely be coming anyway. Holafly, an eSIM company, looked through airport schedules and flight-tracking data from last December to figure out how extensive those…
AI wedding vows, film photography, and phone-free ceremonies: 2025's top wedding trends - 2024-12-20T10:00:00Z
If you got engaged on Christmas Day – and the research shows it’s the most popular day for marriage proposals – then 2025 will likely be a year of wedding planning for you and your loved ones.
The 5 top-rated hotels for Christmas travel - 2024-12-20T10:00:00Z
Record numbers of Americans are expected to travel for Christmas this year – with the number of people on the road this holiday season finally returning to pre-pandemic levels, a recent report from AAA revealed.
A millionaire tech 'biohacker' is microdosing Zepbound to stay young - 2024-12-19T21:52:50Z
Bryan Johnson, the tech entrepreneur and millionaire who became famous for infusing his son’s plasma into his blood in an effort to prolong his life, is now microdosing the popular weight-loss drug Zepbound (LLY).
Nike stock pops 9% as its new CEO starts with an earnings beat - 2024-12-19T21:46:00Z
Nike (NKE) appears to be find its footing under new CEO Elliott Hill, reporting second-quarter earnings on Thursday that were better than feared. Shares jumped over 9% in after-hours trading, offering a glimmer of hope after Nike’s had stock dropped 27% so far this year.
Nvidia asked Supermicro and Dell how its advanced AI chips ended up in China - 2024-12-19T20:46:00Z
Nvidia (NVDA) has reportedly tapped its partners to look into how its advanced artificial intelligence chips are being smuggled into China.
The FDA says the Zepbound shortage is over. That's rattling the weight loss industry - 2024-12-19T20:38:00Z
The U.S. Food and Drug Administration announced Thursday that the shortage of tirzepatide — the active ingredient in Eli Lilly’s (LLY) popular diabetes and weight-loss drugs Mounjaro and Zepbound — is officially over.
The best and worst airlines stocks of 2024 - 2024-12-19T20:33:13Z
It has been feast or famine for the airline industry this year. An uneven merger landscape had a ripple effect on several players, and a sector-wide shift towards the premium end of the market left budget carriers scrambling to rethink their business models. That chaos showed up in stock prices, which ranged from…
The 10-year Treasury yield is critical for investors next year. Here's what it is and why it matters - 2024-12-19T20:18:00Z
There’s one major economic indicator that investors, analysts, and central bankers are watching closely in 2025 — and it’s not GDP, inflation, or unemployment.
Amazon workers at 7 facilities are on strike just before the holidays - 2024-12-19T20:03:00Z
Amazon (AMZN) is facing the largest strike in its history as thousands of workers across the U.S. and Germany walk off the job just days ahead of the holidays.
The Dow bounces back 200 points as Nvidia stock surge - 2024-12-19T19:45:00Z
The Dow staged a rebound Thursday morning, following Wednesday’s 1,100-point plunge that marked its longest losing streak since 1974. The upturn came despite investor disappointment over the Federal Reserve’s conservative approach to rate cuts. Other major indices, including the S&P 500 and Nasdaq, also experienced…
David Zaslav just sold $30 million worth of Warner Bros. Discovery stock - 2024-12-19T19:39:58Z
Warner Bros. Discovery (WBD) CEO David Zaslav sold over $30 million of the company’s stock this week, according to a U.S. Securities and Exchange Commission (SEC) filing.
We asked 5 AI chatbots to pick stocks for 2025. Here's what they said - 2024-12-19T19:37:00Z
The year 2025 is virtually here, bringing with it a wave of curiosity from investors eager to see what the stock market holds.
Battery fires are now happening on planes at least once a week - 2024-12-19T18:53:41Z
Lithium-ion batteries are causing lots of problems in the skies. Data from the Federal Aviation Administration shows that there has been a fire or fire-adjacent incident with the items at least once a week on passenger planes this year.
Diners are still obsessed with Olive Garden and Longhorn Steakhouse - 2024-12-19T16:23:00Z
Casual dining isn’t dead.
CVS filled a 'massive' amount of invalid opioid prescriptions, the feds say - 2024-12-19T14:37:00Z
CVS (CVS) and its subsidies unlawfully dispensed “massive quantities” of opioids and other controlled substances over more than a decade, according to the Department of Justice.
The 10 best last-minute Christmas deals from Amazon, Walmart, and Target - 2024-12-19T13:30:17Z
Thanksgiving, Black Friday, and Cyber Monday may be behind us, but Christmas is just around the corner – and there’s still time to find the perfect last-minute gift.
5 states with the most Christmas spirit in America — and 5 with the least - 2024-12-19T10:00:00Z
For many people, Christmas is the most wonderful time of the year. But in some states, the Christmas spirit is decidedly lower than others.
The key role of synthetic data in AI innovation - 2024-12-19T10:00:00Z
How to survive the holidays while you're on Ozempic or other weight loss drugs - 2024-12-19T10:00:00Z
For many people, the holidays mean large family dinners with filling sides, sweet treats, and festive drinks — all things for which weight-loss drugs are designed to reduce cravings.
The 7 best gift cards for last-minute Christmas gifts - 2024-12-19T10:00:00Z
Buying a gift card is a great last-minute holiday gift, but not when companies tack on extra fees.
The Dow plunges 1,100 points because the Fed says its interest rate cuts are slowing down - 2024-12-18T21:41:00Z
The Dow Jones Industrial Average and other indices declined sharply after the Federal Open Market Committee announced a quarter percentage point reduction in interest rates on Wednesday afternoon and just two more interest rate cuts in 2025. With that, the Dow had its first ten-day losing streak, the longest since…
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