Analysts think Freeport-McMoRan Copper & Gold's (FCX) $6 bil bid for Plains Exploration & Production (PXP) could go either way at Mon.'s vote. Originally Freeport's cash and stock offer was about $50 per Plains share. But as Freeport's stock slid, the value fell and is now about $46. Proxy advisers suggest Plains shareholders vote no. Freeport has said it won't sweeten the offer. Plains shares closed up 1% at 45.55. Freeport shares climbed 2% to 32.68.
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
(Bloomberg) -- Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting With
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong, including among business flyers, but airlines are dealing with higher labor costs, and delays in getting new aircraft from Boeing are limiting their ability to add more flights.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.
This growth ETF has nicely outperformed the S&P 500 since its inception.
Dividend Kings are hard to come by, but these five stocks offer investors some great passive income opportunities.
The airline also announced that it will be pulling out of four airports.