Johnson & Johnson investors can soon swap their shares for Kenvue stock — here’s what you need to know
J&J owns nearly 90% of Kenvue shares and plans to reduce its stake in the company through an exchange offer that could launch “as early as the coming days.”
‘Struggling for clarity’ in the spot bitcoin ETF pursuit
As applications for a spot bitcoin ETF head to the SEC, investors are weighing whether surveillance-sharing agreements will be the key to the approval process.
June home sales drop to the slowest pace in 14 years as short supply chokes the market
June home sales declined 18.9% compared with last year. That’s the slowest sales pace for June since 2009.
This credit card fee could cost shoppers $3 billion during record-breaking back-to-school season, merchants say
Consumers are spending more on back-to-school supplies and coughing up more in credit card fees at the same time.
Apple supplier TSMC delays start of Arizona chip factory
TSMC’s chairman said the company is working to send trained technicians from Taiwan to train local workers to help accelerate equipment installation.
Amazon to launch pay-by-palm technology at all Whole Foods stores by year-end
Amazon One lets users enter and pay for items in stores by swiping their hand over a kiosk.
How Samsung and Texas Instruments made the Lone Star State the hub of U.S. chip manufacturing
Texas has more chipmaking facilities than any other state, thanks to low taxes and new subsidies. Now another $61 billion of semiconductor projects are planned.
RBC downgrades Carvana, says sell the car retailer even after its recent earnings beat
The downgrade comes after the firm’s earnings results Wednesday topped estimates on the top and bottom lines.
Analysts say Netflix investors should ‘buy the pullback,’ as password sharing ‘supercharges’ subscriber growth
The company added 5.9 million subscribers in the quarter in a sign that its password-sharing crackdown and ad tier are generating new subscribers.
Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis
Wheat prices rose for a third straight day on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers.
