Core Insights - The company is implementing cuts in corporate and back-office roles, affecting more than 1% of its workforce [1] Group 1 - The total number of roles being cut exceeds 1% of the company's overall workforce [1]

Core Insights - The company is set to launch DraftKings Predictions, a mobile app designed for users to trade contracts based on outcomes in finance, culture, and entertainment [1] Group 1 - The app will enable users to engage in trading contracts related to various events [1]

The consumer-price index was above the 2.2% annual inflation economists had expected. ...

Coca-Cola and 3M led the blue-chip index higher after reporting results. ...

Capital One's integration of Discover, which it acquired in May, is going well, Chief Executive Richard Fairbank said. ...

Core Viewpoint - Mattel has observed a significant increase in orders from U.S. retailers in recent weeks, which has bolstered the company's confidence in its outlook for the year ahead of the holiday season [1] Group 1 - U.S. retailers have ramped up orders for Mattel's products [1] - The increase in orders has provided Mattel with enough confidence to support its annual outlook [1] - The timing of the order increase is particularly relevant as the holiday season approaches [1]

The Dallas-based semiconductor company posted a profit of $1.36 billion, roughly comparable to the year-ago period. ...

The dominant streamer reported higher revenue and profit for the third quarter, driven by membership growth, increased ad revenue and price hikes, continuing a strong run for the dominant streamer. ...

Group 1 - Jana Partners has acquired a 9% stake in a theme-park operator, indicating a significant investment interest in the company [1] - The investment group includes notable figures, such as a tight end from the Kansas City Chiefs, highlighting the involvement of high-profile investors [1] Group 2 - The acquisition of the stake suggests potential strategic moves or changes within the theme-park operator, which could impact its future performance [1] - This investment may lead to increased scrutiny and potential influence on the company's management and operational decisions [1]

Meta and Blue Owl, the private-credit firm, raised $27 billion to finance the buildout of a Louisiana data center. ...