Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.The third-largest U.S. bank by assets has been monitoring its credit card customers for signs of distress, Fraser told CNBC's Sara Eisen on Friday in an interview."We are...
Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season.The toy retailer's parent company, WHP Global, announced what...
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Tesla — Stock in the electric vehicle company added more than...
Aykut Karahan | Istock | Getty ImagesShares of Structure Therapeutics rose more than 30% on Friday after the biotech startup's experimental obesity pill succeeded in a small early-stage trial. The once-daily drug helped overweight or obese participants reduce up to 10 pounds of weight on average after four...
DETROIT – The United Auto Workers union will expand strikes against General Motors and Ford Motor to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday.The additional strikes will target Ford's Chicago Assembly in Illinois, which produces the Ford Explorer and Lincoln Aviator SUVs, and...
A fresh slate of Wall Street firms agreed to collectively pay tens of millions of dollars to U.S. regulators over their employees’ use of unmonitored communication channels on the job. The Securities and Exchange Commission said Friday that the firms, including Interactive Brokers Group Inc. and Robert W. Baird &...
