Winnebago Flat on Naming Peck to Board

Winnebago Industries, Inc. (NYSE: WGO) shares barely moved Wednesday, despite the announcement of Mike Pack, a senior executive for Oshkosh Corporation, to its board of directors. “Winnebago Industries is committed to continuing to be the trusted leader in outdoor recreation and Mike’s financial and management skillsets, as well as his manufacturing industry expertise, will be…

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Watch Out For Higher Treasury Yields at 5.0%

Ahead of the U.S. Treasury auction, yields continued to climb. Markets traded lower on Tuesday, while Asia-Pacific markets opened lower in Wednesday morning trade. Samsung (SSNLF) managed to trade slightly higher, despite issuing a profit forecast for the fourth quarter that did not meet expectations. High U.S. treasury yields compete for investor money. Instead of…

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Meta Platforms Ends Fact Checking On Social Media Platforms

Meta Platforms (META) has announced that it is ending a fact-checking program on its social media platforms such as Facebook that was meant to counter disinformation. Meta chief executive officer (CEO) Mark Zuckerberg said that the current fact-checking program will be replaced with a “community notes” system like the one found on X / Twitter….

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Amazon To Spend $11 Billion On A.I. Infrastructure

E-commerce giant Amazon (AMZN) plans to spend $11 billion U.S. to expand its artificial intelligence (A.I.) infrastructure. Amazon says that it plans to invest heavily in Georgia to support cloud computing and A.I. technologies related to Amazon Web Services (AWS), its cloud computing unit. Amazon needs to develop data centers and advanced infrastructure to support…

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