Newly appointed Starbucks CEO Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the coffee giant next month. Instead, Starbucks says Niccol can live in his home in Newport Beach, California and commute to Starbucks’ head office 1,000 miles away on a corporate jet,…

Shortly after the opening bell, we will be selling 100 shares of Morgan Stanley at roughly $100.85. Following the trade, Jim Cramer’s Charitable Trust will own 1,000 shares of MS, decreasing its weighting to 3.06% from 3.35%. We’re raising cash Tuesday because the S & P 500 and Nasdaq ‘s…

The launch of Boeing’s long-delayed 777X aircraft has encountered another problem, forcing the company to pause testing and dealing yet another blow to Boeing’s reputation for quality. Boeing discovered problems in a structural component between the engine and the plane’s wings in a test flight. Boeing said in a statement…

Thesis My analysis points out that Ituran Location and Control Ltd. (NASDAQ:ITRN) had solid Q2 2024 numbers, with a GAAP EPS of $0.66 and $84.9 million in revenue. Despite that, the stock isn’t hitting the marks people expected. Even though Ituran announced a $0.39 dividend, showing strong profits, investors might…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The search for the missing UK tech entrepreneur Mike Lynch and five other passengers from a luxury yacht that sank off the coast of Sicily on Monday has resumed for a second…

Awash in his party’s love, President Joe Biden finally did become that bridge to a new generation of leaders. He movingly performed the most profound act a politician in a democracy can undertake — willingly handing over power — as he ceded the leadership of the party to Kamala Harris…

The IRS has issued guidance for a new opportunity for taxpayers created under SECURE 2.0 that allows employers to make matching contributions to retirement plans based on employees’ student loan payments. The match amount is calculated as if the employee contributed their loan amount to the plan even if they…

Mortgage rates are still uncomfortably high for many would-be homebuyers and sellers, but recent declines have contributed to a significant boost in demand for refinancing. The Mortgage Bankers Association (MBA) reported Wednesday that refinancing applications soared 35% last week, when rates for the average 30-year and 15-year fixed-rate mortgages hit…

Shortly after the opening bell, we will be exiting our position in Estee Lauder , selling 330 shares at roughly $96.30 Following the trade, Jim Cramer’s Charitable Trust will no longer own a position in EL. We’re selling our remaining small position in Estee Lauder. Shares are slightly higher in…

LONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC.The sources, who preferred not to be named due to the sensitivity of the situation, said that Angela Bacares, Lynch’s wife, was confirmed as…