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South Korea fines Coupang $409 million in country's largest data breach penalty
Reuters69d agoneutral
South Korea fines Coupang $409 million in country's largest data breach penalty

South Korea will fine e-commerce giant Coupang 625 billion won ($409.30 million) over a massive leak of customer information last year and illegal collection of personal information, in ‌the country's largest data breach penalty on a company. The Personal Information Protection Commission said the New ‌York-listed company had leaked personal data of more than 33 million customers and failed to detect the breach within the 72 hours required ​by the law. "This accident occurred due to Coupang's lack of safety measures and systems, not sophisticated hacking," Song Kyung-hee, the chairperson of the privacy regulator, told a briefing on Thursday.

Bankrupt burger chain franchisee liquidating 59 locations
TheStreet69d agoneutral
Bankrupt burger chain franchisee liquidating 59 locations

Fast-food restaurant chain franchisees, whether they sell pizza or burgers, are facing significant downsizing in restructurings to eliminate underperforming locations. Franchisees of chains such as Carl's Jr., Wendy's, Pizza Hut, and Papa John's have all announced recent closings of troubled ...

Gold Whipsaws in Choppy Trading as US Completes New Iran Strikes
Bloomberg69d agoneutral
Gold Whipsaws in Choppy Trading as US Completes New Iran Strikes

(Bloomberg) -- Gold whipsawed after the US completed a fresh round of strikes against Iran, raising the stakes in a war that’s roiled global markets and stoked inflation.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Xbox Plans Significant Layoffs as New CEO Plans OverhaulTech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapUS Strikes Iran in Trump Escalation Over Stalled Peace TalksH-1B Visa Rules Have Changed Again. What to KnowBullion rose as muc

Gold Whipsaws in Choppy Trading as US Completes New Iran Strikes
Bloomberg69d agoneutral
Gold Whipsaws in Choppy Trading as US Completes New Iran Strikes

(Bloomberg) -- Gold whipsawed after the US completed a fresh round of strikes against Iran, raising the stakes in a war that's roiled global markets and stoked inflation.Most Read from BloombergHouse Republican Says Hegseth's D-Day Remarks 'Inappropriate'Tech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapXbox Plans Significant Layoffs as New CEO Plans OverhaulCuba Poised for Biggest US Fuel Shipment Since Cold War EmbargoH-1B Visa Rules Have Changed Again. What to KnowBullion rose as

Morgan Stanley spots hidden multi-decade data center winner
TheStreet69d agoneutral
Morgan Stanley spots hidden multi-decade data center winner

Some categories of investment theses don't make headlines. Not because they're boring, but because they move slowly enough that most investors lose patience before the payoff arrives. U.S. manufacturing reshoring has that kind of story. Morgan Stanley just spent a week with Rockwell Automation ...

SpaceX on cusp of record IPO that could make Musk a trillionaire
AFP69d agoneutral
SpaceX on cusp of record IPO that could make Musk a trillionaire

SpaceX enters the final stretch Thursday before its expected trading on Wall Street as part of the biggest initial public offering in history, which could propel co-founder Elon Musk to trillionaire status.If all goes as expected, the space and rocket company co-founded by Musk in 2002 will begin trading on the Nasdaq exchange on Friday morning, with all eyes on how Wall Street will absorb the blockbuster IPO that could send tremors across global markets.

What the SpaceX IPO Means for This Texas Border Town
WSJ69d agoneutralVIDEO
What the SpaceX IPO Means for This Texas Border Town

WSJ's Micah Maidenburg visits Brownsville, Texas, the city next to Starbase — an incorporated village that Elon Musk created to house SpaceX employees — ahead of SpaceX's massive IPO. The IPO is expected to create a new slew of new millionaires in the area. The Journal spoke to business owners, politicians and residents to find out how they are preparing.

UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks
The Wall Street Journal69d agoneutral
UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks

Unionized workers at a Michigan plant producing a key component for General Motors trucks have reached a tentative agreement for a new labor contract following a 10-day strike. “After 18 years of sacrifice, these workers are finally winning back a big chunk of what was taken from them,” United Auto Workers union President Shawn Fain said. The deal between the UAW and Dauch Corp., formerly known as American Axle means workers could soon return to the Three Rivers, Mich., factory where they produce axles for GM’s heavy-duty pickups, the Chevrolet Silverado and the GMC Sierra.

Gold Declines for Third Day After US Launches New Iran Strikes
Bloomberg69d agoneutral
Gold Declines for Third Day After US Launches New Iran Strikes

(Bloomberg) -- Gold fell for a third day after the US launched fresh strikes against Iran, threatening to extend the war that’s roiled global markets and stoked inflation.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Tech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapXbox Plans Significant Layoffs as New CEO Plans OverhaulCuba Poised for Biggest US Fuel Shipment Since Cold War EmbargoH-1B Visa Rules Have Changed Again. What to KnowBullion dropped

Johnson & Johnson bets $1 billion on hard-to-treat cancer
TheStreet69d agoneutral
Johnson & Johnson bets $1 billion on hard-to-treat cancer

Johnson & Johnson (JNJ) is one of the biggest names in health care, and lately, its stock has been living up to the hype. Shares have climbed back toward record territory, while much of the market has been affected by a sharp sell-off in technology stocks. Now, the company is pumping fresh cash ...

Q2 Earnings Season Preview: What to Expect
Zacks69d agoneutral
Q2 Earnings Season Preview: What to Expect

Total Q2 earnings for the S&P 500 index are currently expected to be up +21.8% from the same period last year on +10.9% higher revenues, with 11 of the 16 Zacks sectors expected to enjoy positive earnings growth.

Oracle ORCL Q4 2026 Earnings Call Transcript
Motley Fool69d agoneutral
Oracle ORCL Q4 2026 Earnings Call Transcript

On the call today are Chief Executive Officer, Mike Cecilia, and Chief Executive Officer, Clayton Magouyrk, and Chief financial officer, Hilary Barbara Maxson. A copy of the press release including financial results tables, supplemental financial metrics and guidance are now available from the Investor Relations website.

Investing.com69d agoneutral
Chanos says SpaceX is not worth $1.75 trillion

Investing.com -- Short seller Jim Chanos criticized the upcoming SpaceX initial public offering on Wednesday, stating the company’s $1.75 trillion valuation relies on unrealistic expectations rather than solid fundamentals.

Analyst hikes Robinhood price target on new product
TheStreet69d agoneutral
Analyst hikes Robinhood price target on new product

Robinhood Markets (Nasdaq: HOOD) is a Menlo Park, California-based e-trading brokerage platform that is best-known for its stock, cryptocurrency, and tokenized stock offerings. Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, the exchange has become popular among retail ...

Oracle Q4 Earnings Call Highlights
MarketBeat69d agoneutral
Oracle Q4 Earnings Call Highlights

Oracle (NYSE:ORCL) reported a record fiscal fourth quarter and outlined plans for another year of heavy capital investment as executives said demand for AI infrastructure, cloud database services and cloud applications is driving a sharp increase in contracted future revenue. On the company’s fourt

Stitch Fix Q3 Earnings Call Highlights
MarketBeat69d agoneutral
Stitch Fix Q3 Earnings Call Highlights

Stitch Fix (NASDAQ:SFIX) reported third-quarter fiscal 2026 revenue and adjusted EBITDA above its outlook, as the online personal styling company pointed to stronger Fix order values, improving client trends and continued expense discipline as drivers of its latest results. Chief Executive Officer

The Dow Just Had Its Worst Day of 2026
The Wall Street Journal69d agoneutral
The Dow Just Had Its Worst Day of 2026

Renewed fighting in the Middle East hit stocks and drove up oil futures, with the Dow Jones Industrial Average suffering its worst day since October, losing 1.9%, or around 953 points. The broader stock-market decline also came after data showed the consumer-price index rising 4.

Morgan Stanley revamps Apple stock target after key event
TheStreet69d agoneutral
Morgan Stanley revamps Apple stock target after key event

Apple (AAPL) has spent the bulk of the past couple of years trying to convince investors it has not fallen behind in the relentless AI race. Morgan Stanley buys that story. According to TheFly, the firm reset its price target on Apple stock after WWDC 2026, saying the event gave investors a sharper ...