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Wall Street ends mixed after job openings hint at cooling economy
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Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as Marc...
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US job openings hit more than 2-1/2-year low as labor market cools
U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
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Eli Lilly’s obesity drug now available in U.S. pharmacies
Eli Lilly said its recently approved obesity treatment Zepbound is now available in U.S. pharmacies.
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Hawaiian Airlines’ parent surges on $1.9 bln buyout deal with Alaska Air
Shares of Hawaiian Holdings nearly tripled on Monday after Alaska Air Group agreed to acquire it for $1.9 billion, including debt.
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Walmart says it is not advertising on social platform X
Walmart said on Friday it is not advertising on social media platform X.
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Tesla falls on long wait for Cybertruck payoff, hefty price tag
Tesla shares fell about 2% after the highly anticipated launch of its Cybertruck left analysts concerned about the EV's steep price tag and a longer w...
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Starting at $60,990, Tesla’s Cybertruck is priced 50% higher than initial estimate
Tesla's long-delayed Cybertruck will be priced starting at $60,990, over 50% more than what CEO Elon Musk had touted in 2019.
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Red Lobster Lost $11M In Third Quarter For Unlimited Shrimp Promotion
Red Lobster’s endless shrimp promo deal has reportedly cost the food chain $11 million dollars.
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Disney CEO Iger promises 2026 exit, says ABC not for sale
November 29, 2023 – 9:41 PM UTC LOS ANGELES (Reuters) – Walt Disney (DIS.N) Chief Executive Bob Iger said on Wednesday he…
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After Munger’s death, Berkshire succession comes into focus
The death of Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend.
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US economy grows 5.2% in third quarter; higher interest rates sapping momentum
The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.
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Disney CEO Bob Iger says company is ready to start building
Walt Disney CEO Bob Iger told employees he faced a "myriad of challenges" upon returning to the company.
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US Thanksgiving weekend sales hit record $38 bln on big discounts – report
Deep discounts during the Thanksgiving weekend enticed U.S. shoppers to splurge about $38 billion online.
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US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
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Broadcom Acquires VMware In $69B Deal After China Approval
The chipmaker company Broadcom has officially acquired VMware for $69 billion.
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Oil tumbles 4% as OPEC+ meeting delayed
Oil prices tanked as OPEC+ producers unexpectedly delayed a meeting on output, raising questions about the future course of crude production cuts.
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US weekly jobless claims fall; business spending on equipment softening
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to...
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Big investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
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S&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest ...
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US Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico
6:27 PM UTC – November 20, 2023 (Reuters) – The U.S. Coast Guard on Monday said it was still looking for the…
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GM Cruise cofounder, senior exec Dan Kan quits day after CEO exit
GM's Cruise co-founder and chief product officer has resigned a day after Cruise CEO Kyle Vogt quit.
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Citigroup employees brace for layoffs, management overhaul – sources
Citigroup CEO announced the company was carrying out its next layer of management changes in a sweeping reorganization.
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Global equities gain as US dollar extends drop
Global equities were higher on Monday in muted trading ahead of the U.S. Thanksgiving holiday later in the week.
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US jobs data may be miscounting millions of ‘gig’ workers, research suggests
Millions of "gig" workers may get missed every month in the U.S. government's employment report.
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Starbucks Workers Around U.S. Go On Strike On Busy ‘Red Cup Day’
Thousands of Starbucks employees at over 200 stores in the United States have gone on a one-day strike, as they protest for improved staffing and sche...
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Starbucks employees at hundreds of US stores walkout on Red Cup day
Workers at hundreds of Starbucks stores have walked off their jobs during a key promotional event on Thursday.
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US weekly jobless claims at three-month high; import prices tumble
The number of Americans filing new claims for unemployment benefits increased to a three-month high last week.
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Oil prices dive on US crude build and China concerns
Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session.
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Toyota’s Camry, best-selling car in US, goes all-hybrid
The next generation of the Toyota Camry will come with only a gas-electric hybrid powertrain.
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US retail sales dip; producer prices post biggest drop in 3-1/2 years
U.S. retail sales fell for the first time in seven months as motor vehicle purchases and spending on hobbies dropped.
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US Postal Service reports $6.5 billion net loss for 2023 fiscal year
First-class mail drops, stamp prices rise, and a restructuring plan aims to counter losses.
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Wall St rallies as cooling inflation boosts peak rate bets
Wall Street's main stock indexes climbed inflation data boosted expectations the Federal Reserve was done raising interest rates.
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Inflation Fell To 3.2% In October
Inflation fell for the month of October according to the latest report.
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Ford production workers at Kentucky, Louisville vote against new labor deal
Production workers at Ford's Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement.
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US retailers stuck with excess stock offer bargains as holiday season nears
As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy's could be saddled with too much stock.
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US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods
The United States is importing record amounts of beef this year and exporting less.
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MGM Resorts Settle Labor Deal With Vegas Unions After Threatened Strike
Unions that represent hospitality employees in Las Vegas reached a five-year tentative agreement with MGM Resorts International for a new deal that wi...
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Weight loss drugs transforming healthcare, may help with addiction
A new class of weight loss drugs is transforming the U.S. healthcare system in ways that could extend to equally hard-to-treat areas.
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Wall St edges higher as investors digest cbank comments
Wall Street's main indexes inched higher on Wednesday as investors parsed earnings reports and comments from Federal Reserve officials.
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US 30-year mortgage rate plunges by most in nearly 16 months – MBA
The interest rate on the most common type of U.S. residential mortgage plunged last week by the most in nearly 16 months.
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S&P 500, Nasdaq score longest win streak in 2 years on rates view
S&P 500 and Nasdaq extend gains as U.S. Treasury yields retreat on Fed's rate hike stance.
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Oil dives 4% to lowest since July on demand worry, strong dollar
Oil prices plummet over 4% due to demand concerns and a strong dollar.
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SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy
WeWork files for U.S. bankruptcy due to failed office-sharing space bets amid its meteoric rise and fall.
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Bumble Shares Down Amid Leadership Change
Bumble, a dating app that boasts about 12.3 million active users, has seen its shares plunge in value after the company’s founder and chief executive ...
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Tesla to build 25,000-euro car in Germany – source
Tesla plans affordable car at Berlin factory, a move to boost electric vehicle adoption.
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Wall St inches up as markets await Fed speakers amid rate-cut hopes
Wall Street inches up as investors await Fed's rate-cut clues from policymakers this week.
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