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Charter Communications Inc. CHTR, -0.28% said Wednesday that Chris Winfrey, the company’s current chief operating officer, will take over the role of chief executive beginning Dec. 1. He will replace longtime CEO Tom Rutledge, who is retiring from the top post but staying on the board of directors through the end of his contract in […]
Peloton Interactive Inc. PTON, -1.61% and UnitedHealth Group Inc. UNH, +0.41% said Wednesday that they have expanded their relationship, to more than double the number of people who could be eligible for a Peloton App Membership. Health insurer UnitedHealth said 10 million of its UnitedHealthcare commercial members may be eligible for a one-year membership, or […]
The New York State Cannabis Control Board on Tuesday approved a proposal to allow medical cannabis patients to grow their own marijuana. Patients may grow up to three mature and three immature plants at home. Designated caregivers with two or more patients may grow up to six mature and six immature plants. Separately, the Cannabis […]
Asking rents in the U.S. were still rising, and reached a record in August, but growth has slowed for a third-straight month, according to a report from online real estate services company Redfin Corp. RDFN, -0.57%. The national median rent reached $2,039 a month in August, up 11.1% from a year ago, but that was […]
Shares of Chemours Co. CC, -3.84% sank 5.5% toward a six-month low in premarket trading Wednesday, after the specialty materials company lowered its full-year outlook due to a continued demand decline in its Titanium Technologies business. The company said it now expects 2022 adjusted earnings before interest, taxes, depreciation and amortization (Ebtida) to be between […]
Defense contractor BAE Systems BA, +4.38% was the top performing FTSE 100 stock in midday trade, rallying over 5% after Russian President Vladimir Putin announced a partial mobilization of troops and threatened the west with nuclear weapons. Gains for Shell SHEL, +2.15% and BP, +1.57% also buoyed the U.K. index UKX, +0.59%, up 0.8%.