Marketwatch

Jeff Bezos, CEO of Amazon Inc (NASDAQ: AMZN), wrote to employees Tuesday asking them to “reflect, learn and support each other” on Juneteenth, the June 19 commemoration of the reading of the Emancipation Proclamation in 1865 by Gen. Gordon Granger. What Happened The memo, published...

America's business leaders are praising the majority 6-3 Supreme Court ruling that LGBTQ employees are entitled to federal protections against job discrimination in states where such protections were not available. What Happened The Supreme Court has extended employment ...

Retailor Walgreens Boots Alliance Inc. (NYSE: WBA), drugstore chain CVS Health Corp (NYSE: CVS) and Walmart Inc.’s (NYSE: WMT) will stop the practice prevalent at some stores of locking up beauty products meant for people of color. What Happened The practice of locking up...

Vroom Inc. on Monday raised $467.5 million in its initial public offering. What Happened The online auto retailer said it sold 21.2 million shares priced at $22 each. Underwriters for the IPO, including have an additional option to purchase shares worth $70.1 million within a 30-day period....

The shares of Zuora Inc. (NYSE: ZUO) skyrocketed in the after-hours session on Wednesday as the company reported better-than-expected earnings for its first quarter this year. Q1 Earnings The business-to-business subscription management service provider posted total revenue of $73.9 million, up 15...

Macy's Inc. (NYSE: M) on Wednesday announced it has priced a $1.3 billion debt offering at an interest rate of 8.375%. The amount to be raised is $200 million above what the retailer stated earlier on Tuesday. Macy's said the offering for the 5-year bonds is expected to close on June 8...

Netflix Inc. (NASDAQ: NFLX) will be streaming the first season of "Cocomelon" starting June 1, MarketWatch reported. Cocomelon, which creates video content for children, started streaming on YouTube back in 2006 before the video-sharing platform was acquired by Alphabet Inc. (...

BlackRock Inc. (NYSE: BLK) came under pressure on climate-related topics on Thursday during its shareholder meeting. What Happened CEO Larry Fink and other executives had to defend BlackRock's approach to issues such as proxy voting and corporate governance, reported MarketWatch. The asset...

New U.S. jobless claims fell from 2.69 million to 2.44 million for the week of May 16, according to the latest Department of Labor report. The continued improvement was weaker than the consensus forecast of 2.4 million new claims.  “We continue to read of firms cutting their workforce...

The U.S. Senate approved a bill Wednesday that lead to the delisting of Chinese companies from U.S. stock exchanges. The China Legislation Senator John Kennedy submitted the Holding Foreign Companies Accountable Act for unanimous consent and the bill was approved without objection, reported...

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon asked that businesses and the government use the ongoing pandemic as an opportunity to build a fairer economy for the common good.  The Financial Reality Laid Bare In a staff memo written before the bank’s annual shareholder meeting...

Bank of America Corporation (NYSE: BAC) has sold $1 billion in a corporate bond offering to raise funds for efforts against the novel coronavirus (COVID-19) pandemic, MarketWatch reported Thursday. The Charlotte, a North Carolina-based banking giant, is the first major financial services company in...

The Walt Disney Company (NYSE: DIS) is planning a second debt offering this year, according to its filing with the Securities and Exchange Commission. What Happened Disney didn't disclose the amount it intends to raise as part of the six-part deal bonds sale, or the size of the trances or...

PayPal Holdings Inc. (NASDAQ: PYPL) on Monday announced that it raised $4 billion in a corporate bond offering. What Happened The digital payments company's 10-year bonds, with an aggregate principal amount of $1 billion, were priced at 160 basis points over the Treasury's under the deal to...

A delay in the delivery of an order comprised of millions of N95 and surgical masks means California will receive a $247-million refund from a Chinese manufacturer. 500M Masks Ordered  The masks, made in China by electric vehicle manufacturer BYD Co Ltd (OTC: BYDDY), were to have...