Medtronic Lowers Earnings Guidance. The Stock Is Falling.

Medtronic Lowers Earnings Guidance.  The Stock Is Falling.

Medtronic stock was falling Tuesday after the medical device maker missed fiscal second-quarter sales expectations and lowered its earnings guidance for the year. Medtronic (ticker: MDT) reported adjusted earnings of $1.30 a share on revenue of $7.59 billion in its fiscal second quarter, compared with adjusted earnings of $1.32 a share on revenue of $7.85 … Read more

Nvidia’s Guidance Falls Slightly Short. The Stock Is Rising.

Nvidia’s Guidance Falls Slightly Short. The Stock Is Rising.

Nvidia’s Guidance Falls Slightly Short. The Stock Is Rising.

Morgan Housel turned parking lessons into a finance book that’s sold 2M copies

Morgan Housel turned parking lessons into a finance book that’s sold 2M copies

There are some interesting quirks about one of the top-selling personal-finance books of the past five years. “The Psychology of Money” is about investing, but it doesn’t discuss asset allocation or other nuts-and-bolts tips. Its author, Morgan Housel, had limited firsthand experience working in finance when he wrote it and no background in psychology or … Read more

Music Festivals Hit Harder Times in Crowded Concert Market

Music Festivals Hit Harder Times in Crowded Concert Market

Travis Scott was scheduled to perform Labor Day weekend at Day N Vegas, a premier hip-hop event—and the rapper’s first appearance since the Astroworld festival tragedy last year. But in July, promoter Goldenvoice pulled the plug, citing logistics, timing and production issues. More specifically, people familiar with the matter said, having to move the event … Read more

Why I started a family as a trainee at a Magic Circle law firm: ‘There was no right time’

Why I started a family as a trainee at a Magic Circle law firm: ‘There was no right time’

Gillian Boateng is an employment lawyer in the London office of US law firm Skadden, Arps, Slate, Meagher & Flom From a young age, it was always clear to me that I wanted a successful career. It was also clear to me that I wanted a family of my own and, if possible, I would … Read more

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Media Group the nation’s biggest owner of local television stations, is close to a deal to acquire majority control of the CW Network from co-owners Warner Bros. Discovery and Paramount Global according to people familiar with the matter. Under the terms being discussed, Nexstar would acquire 75% of the CW, a broadcast network aimed … Read more

Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Macmillan, one of the largest book publishers in the U.S., said it has been hit by a cyberattack, and book retailers nationwide said they were unable to place new orders from the publisher. Macmillan “recently experienced a security incident, which involves the encryption of certain files on our network,” the publisher said Wednesday. “As a … Read more

NFT Artists Get First Major Test Since Crypto’s Collapse

NFT Artists Get First Major Test Since Crypto’s Collapse

As NFT art sales dwindle, a handful of digital-art stars appear to be weathering the crypto storm. The days of $69.3 million JPEGs may be over for now, but a handful of leading digital artists held their own during a Christie’s charity sale Tuesday that tested the enduring appeal of tokenized art amid a recent … Read more

An Oil Price Cap for Russia?

An Oil Price Cap for Russia?

The U.S. and Europe have been scrambling for ways to stop financing Vladimir Putin’s war machine without sending their economies into recession. The latest idea, advanced at the G-7 summit this week, is an oil price cap. This will work as well as most price-control gambits, which is to say it probably won’t. Despite Western … Read more

Democrats Weigh New Abortion Legislation After Roe v. Wade Overturned

Democrats Weigh New Abortion Legislation After Roe v. Wade Overturned

WASHINGTON—Democrats were wrestling with where to focus their legislative response to the Supreme Court ruling ending federal abortion protections, after Republicans stymied the party’s previous attempts to enact a law guaranteeing abortion access. Democrats—who control both chambers of Congress and the White House—have tried twice this session to pass the Women’s Health Protection Act, which … Read more