Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft.The National Retail Federation escalated its campaign to rally support for the bill, known as the Combating...
Another company is settling fraud charges from regulators amid a widespread crackdown on precious metals dealers that target retirees. The firm, Safeguard Metals, along with its sole owner, Jeffrey Ikahn, allegedly defrauded customers to whom it marketed gold IRAs of $68 million, according to two separate lawsuits brought by the...
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker's Ford Rouge Electric Vehicle Center (REVC).Michael Wayland | CNBCAs a result, it's postponing about $12 billion in planned spending on new EV manufacturing capacity.Customers' reluctance to pay extra for EVs has complicated Ford's ambitious...
Last year was a lot like a Sunday evening — pleasant and satisfying, but with the clear and gathering notion of hard work ahead. Losses in the financial markets and continued inflation created the expectation over the year that dire times may be on the horizon. As a result,...
Check out the companies making headlines after the bell : Amazon — The e-commerce giant's shares were roughly flat. Amazon issued fourth-quarter sales guidance ranging between $160 billion to $167 billion, while analysts polled by LSEG called for revenue of $166.6 billion. Amazon beat analysts' forecasts on the top...
Michael Reynolds, principal at Elevation Financial, is an entrepreneur at heart, having built and sold multiple businesses over two decades, including a digital marketing agency. For 23 years, he helmed the agency as it evolved from a fledgling startup to a thriving small business. But burned out by red tape,...
Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel shares rose about 6% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as overall revenue declined.Here's how Intel...
Fidelity Investments is seeking clearance that would allow some of its best-known mutual funds to also operate as exchange-traded funds, becoming the largest firm to challenge Vanguard Group’s former monopoly on the concept. The Boston-based firm applied Tuesday for a government waiver that would allow its actively managed mutual funds...
Food is served at a Chipotle restaurant on in Chicago, Illinois.Scott Olson | Getty ImagesChipotle Mexican Grill on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls.Shares of the company rose more than 5% in extended trading.Here's what the company reported...
Andy Jassy, CEO, AmazonCNBCAmazon reported earnings after the bell. Here are the results.Earnings per share: 94 cents per share vs. 58 cents per share expected by LSEG, formerly known as Refinitiv.Revenue: $143.1 billion vs. $141.4 billion expected by LSEG.Investors will also be looking at business units:Amazon Web Services: $23.2...