Casino Giant’s Biggest Investor Sells Massive Stake
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29Nov
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29Nov
GM labor deals with UAW, Unifor to increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesGeneral Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in...
29Nov
Foot Locker (FL) earnings Q3 2023
Shares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over Thanksgiving weekend.The sneaker and sportswear retailer narrowed its full-year forecast, reflecting slightly better sales trends. It said it now expects sales to drop by 8% to...
29Nov
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of a better than expected business investment and stronger government spending, the Commerce Department reported Wednesday.Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated...
29Nov
General Motors, Petco, Foot Locker and more
Check out the companies making headlines before the bell. Toyota — The stock added 1.3% before the bell upon news that the automaker planned to reduce its holdings in automotive components manufacturer Denso to 20% from more than 24%. Toyota plans to redirect this capital to improve its efforts...
29Nov
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29Nov
Mark Cuban selling Dallas Mavericks majority stake to Adelson
Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family, a source familiar with the deal told CNBC.Cuban still owns a stake in the team and will run basketball operations.Adelson is selling $2 billion worth of Las Vegas Sands stock,...
29Nov
GM initiates buyback, increases dividend and reinstates 2023 guidance
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesGeneral Motors is seeking to regain Wall Street's confidence leading into 2024 with several investor-focused initiatives Wednesday...
29Nov
Former Trump advisor Gary Cohn says U.S. economy is back to normal
Gary Cohn, vice chairman of International Business Machines Corp. (IBM), during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, Oct. 19, 2021.Kyle Grillot | Bloomberg | Getty ImagesThe U.S. economy is "back to normal" for the first time in two decades, but the market is...
29Nov
Strategists give cautious predictions for 2024
A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023.Victor J. Blue | Bloomberg | Getty ImagesWith central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while the lagged effects set...