It pays to look around. The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its Read more
Tag: Corporate Actions
SPAC Foresight Acquisition Corp. II files to withdraw IPO
Blank-check company Foresight Acquisition Corp. II on Thursday filed to withdraw its initial public offering with the U.S. Securities and Exchange Commission. The company said it has “abandoned the initial Read more
Instacart plans to go public before year’s end, despite a frozen IPO market
Instacart Inc. expects to go public before year’s end, according to people familiar with the matter, earlier than many on Wall Street had expected amid a frozen market for new Read more
FTC’s move to block Meta’s acquisition of VR firm ‘historic’ but ‘risky,’ says antitrust advocate
The Federal Trade Commission’s decision to sue Facebook parent company Meta Platforms Inc. over its acquisition of virtual-reality company Within Unlimited is a historic move, according to Matt Stoller, research Read more
Here’s why Frontier stock is rallying 20% on the day that JetBlue and Spirit agree to merge
JetBlue Airways Corp. may have won the tug-of-war for ultra low-cost Spirit Airlines Inc., but investors are seeing plenty of upside for Frontier Group Holdings Inc., with shares of the Read more
Shell profits hit Q2 record, announces $6 billion buyback
Shell PLC SHEL, +0.99% on Thursday reported a jump in its profits to a record high in the second quarter and announced a share buyback of $6 billion while keeping Read more
Best Buy adds to retailer woes, cutting outlook as end of PC boom takes its toll
The end of a boom in personal-computer sales is landing on Best Buy Inc.’s financial statements. The electronics retailer warned investors Wednesday afternoon that it will not hit financial targets Read more
Spirit ends merger deal with Frontier, will continue talks with JetBlue
Spirit Airlines Inc. said late Wednesday it has ended its merger agreement with Frontier Group Holdings Inc. and will continue “discussions” with JetBlue Airways Corp., which doggedly pursued the ultra Read more
Qualcomm forecast falls short on weakening handset sales; Samsung agreement extended
Qualcomm Inc. shares fell in the extended session Wednesday after the chip maker lowered its forecast because of weakening handset sales, the company’s largest business segment, but focused on the Read more
Spirit ends merger deal with Frontier, to continue talks with JetBlue
Spirit Airlines Inc. said late Wednesday it has ended its merger agreement with Frontier Group Holdings Inc. and will continue discussions with JetBlue Airways Corp. Spirit SAVE, +3.93% is “disappointed Read more