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Business · MassachusettsiRobot, the Massachusetts-based firm known for its Roomba robot vacuums, filed for bankruptcy protection in Delaware on Sunday and agreed to be acquired by its primary supplier, Shenzhen-based Picea Robotics, which will receive all equity in the revamped business.See the Story
iRobot Files Bankruptcy, Acquired by Picea
50% Center coverage: 155 sources
Economy · United StatesThe S&P 500 (SNPINDEX:^GSPC) slipped 0.24% to 6,800.26, the Nasdaq Composite (NASDAQINDEX:^IXIC) edged up 0.23% to 23,111.46, and the Dow Jones Industrial Average (DJINDEX:^DJI) fell 0.62% to 48,114.27 as mixed jobs data and cheaper oil pressured cyclicals.Market moversEnergy names lagged today, with APA (NASDAQ:APA), Diamondback Energy (NASDAQ:FANG), and Dow component Exxon Mobil (NYSE:XOM) sliding as crude hit multi‑year lows. Advance Auto Par…See the Story
Stock Market Today, Dec. 16: Energy Stocks Slide as Oil Drops to Multi-Year Lows
100% Left coverage: 2 sources
Business · United StatesUS non-farm payrolls rose by 64k in November, modestly surpassing the consensus expectation of 50k, while private-sector payrolls increased by 69k, also beating the 45k forecast when government jobs are excluded. However, underlying momentum continues to cool, with the three-month moving average of payroll growth slowing to a run rate of just 22k, down sharply from a peak of 232k in January. The unemployment rate also edged higher to 4.6% in Nov…See the Story
