Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Meta has Apple to thank for giving its VR conference added sizzle

[colabot2] Andrew Bosworth, Chief Technology Officer of Facebook, speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023. Josh Edelson | AFP | Getty Images At Meta’s annual Connect conference this week focused on virtual reality and the metaverse, one word was on everyone’s lips: Apple. Meta CEO Mark …

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Activist Politan Capital engages with Azenta. Here’s how the firm may boost shareholder value

[colabot2] Choja | E+ | Getty Images Company: Azenta (AZTA) Business: Azenta is a life sciences company that operates through two segments. First, there’s the life sciences products division, which offers automated cold sample management systems for compound and biological sample storage, equipment for sample preparation and handling, consumables and instruments that help customers in …

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How to buy business insurance so financial disaster doesn’t strike

[colabot2] Many Main Street businesses could be playing with fire — literally — by not maintaining appropriate levels of business insurance coverage, especially given the spate of natural disasters affecting multiple areas of the U.S. Skimping on property damage and business interruption coverage is understandable to some extent, given the cost. While the price of …

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FAFSA student financial aid form won’t open Oct. 1—key dates for families

[colabot2] The Free Application for Federal Student Aid, better known as FAFSA, typically opens on Oct. 1, but this year families will have to wait until December.  The form — which uses parents’ income and a litany of other information to determine a student’s need for financial aid — is being updated, and hopefully, simplified. …

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Can a diet really reduce your risk of developing dementia?

[colabot2] Certain lifestyle factors can lower your chances of developing dementia, from physical activity to brain-stimulating exercises and even the foods you incorporate in your diet. “[Some] diets have been shown across the board, in many studies, to be associated with less risk of dementia, less risk of brain diseases and longer lifespans,” according to …

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Apple will issue a software update to address iPhone 15 overheating complaints

[colabot2] Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023. Alexi Rosenfeld | Getty Images Apple said on Saturday that it will issue a software update that would address customer complaints about the latest iPhone …

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Beyoncé’s Renaissance World Tour in talks with AMC for a concert film

[colabot2] Beyoncé performs onstage during the Renaissance World Tour. Kevin Mazur | Wireimage | Getty Images Beyoncé’s Renaissance World Tour may be coming to a theater near you. Makers of a concert film based on the smash-hit concert are reportedly in advanced talks to directly distribute the movie through AMC Theaters, according to a Variety report. Major …

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These are the top 4 Club stocks — and the bottom 4 — during the third quarter

[colabot2] September, historically the worst month of the year for stocks, once again brought pain to Wall Street, sending the market lower for the third quarter. A steep rise in Treasury yields and oil prices, combined with fears that the Federal Reserve would keep interest rates “higher for longer,” weighed on stocks over the past …

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55-year-old with lucrative backyard side hustle: ‘Anyone can do this’

[colabot2] This story is part of CNBC Make It’s Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they’ve used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com. It took Rodney Melton just over a year to build …

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Fugitive founder of 3AC crypto hedge fund arrested in Singapore

[colabot2] Sopa Images | Lightrocket | Getty Images Authorities have arrested crypto fugitive Su Zhu, co-founder of bankrupt digital asset hedge fund Three Arrows Capital, who was apparently attempting to flee Singapore. Liquidators handling the bankruptcy estate of the collapsed fund, known as 3AC, said in a statement on Friday that Zhu was apprehended at …

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How to decide whether to roll over an old 401(k), from money experts

[colabot2] About 50 million Americans quit their jobs last year, and many left behind more than open floor plans and micromanaging bosses. As of earlier this year, job switchers had left their money in some 29 million 401(k) accounts with former employers, according to estimates from financial services firm Capitalize. That’s about 25% of money …

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Blue Apron to be acquired by Wonder Group for $103 million

[colabot2] Scott Eisen | Getty Images News | Getty Images Meal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million. The deal, at $13 per share, represents a significant premium from Blue Apron’s per-share price at Thursday’s …

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Women tend to be better investors than men, but avoid taking risk: CEO

[colabot2] Tim Robberts | Digitalvision | Getty Images When it comes to money, women tend to think of themselves as savers rather than investors. Having that perspective can affect women’s ability to grow wealth over time. “The biggest risk to women’s portfolios is that we don’t take enough risk,” said Nancy Tengler, CEO and chief …

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Biden’s pro-competition agenda gets tested with net neutrality, trials

[colabot2] U.S. President Joe Biden delivers remarks prior to signing an executive order on “promoting competition in the American economy” during an event in the State Dining Room at the White House in Washington U.S., July 9, 2021. Evelyn Hockstein | Reuters Joe Biden has positioned himself as a pro-competition president, delighting progressives by installing …

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JetBlue raises flight attendant pay, union backs Spirit merger

[colabot2] JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York. Fred Prouser | Reuters JetBlue Airways said it will raise flight attendant pay next year and provide other bonuses to staff while the union representing cabin crews agreed to support the carrier’s plan to acquire budget carrier …

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What a government shutdown might mean for mental health care

[colabot2] Lawmakers are still in a gridlock over how to allocate spending, which means a government shutdown is imminent. In the event of a shutdown, many government programs will be working with a skeleton staff, which will either halt or slow down services.  One of those services is federally funded community health centers, or FQHCs. …

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Ford CEO Farley says UAW is holding up talks over EV battery plants

[colabot2] Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT — The United Auto Workers union is holding up negotiations with Ford Motor over future electric vehicle battery plants, Ford CEO Jim Farley said during a …

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