United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT – The United Auto Workers union and Ford...
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank's Wall Street operations, will also join the New York-based bank's board,...
Eisai on Wednesday said an injectable version of the Alzheimer's drug Leqembi showed promising initial results in a clinical trial, potentially paving the way for a new and more convenient option for administering the antibody treatment. However, the injection did not cause lower rates of brain swelling and bleeding, which...
Guests shop during a visit to the new Malibu Barbie Cafe pop-up in New York City, May 17, 2023.Brendan McDermid | ReutersCall it a Barbie boost.Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The "Barbie" film, released in...
Arvind Krishna, IBM's chair and CEO, during an interview in New York on May 1, 2023.Christopher Goodney | Bloomberg | Getty ImagesIBM shares rose 1% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates.Here's how the company did, compared with the consensus...
Check out the companies making headlines in extended trading. ServiceNow — The workflow company jumped 4.6% in after-hours trading on better-than-expected results from its third-quarter earnings report. ServiceNow posted $2.92 per share in earnings, excluding items, higher than the $2.56 in earnings per share expected from analysts polled by...
People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty ImagesThe U.S. economy likely turned in another strong performance heading into the final part of the year, though what's ahead could be significantly different.Gross domestic product, or the sum of all...
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday.The company is in the final stages of closing an investigation into its most...
YouTrip, a Singapore-based fintech that offers multi-currency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a Series B led by Lightspeed. The round was $50 million, and brings YouTrip’s total raised to $100 million since it...
A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021.Source: NYSELife Time Group shares plummeted 15% Wednesday after the company's third-quarter results revealed higher spending to boost the premium member experience.The cost of running its fitness centers, including new and ramping locations, rose...