Vadym Buinov | Moment | Getty ImagesWorking parents, guardians or caretakers know the challenge of striking the delicate balance between work and care responsibilities.From paid parental leave to quality health-care coverage and equal pay that cover child care costs, it's become a priority for workers to find an employer...
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC.The...
Check out the companies making headlines in midday trading: Novavax — The biotech company soared 110% after announcing a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize its Covid vaccine starting next year. The companies will also develop combination shots targeting the coronavirus and flu. Taiwan Semiconductor Manufacturing —...
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds...
People dine outside a Sweetgreen in Manhattan.Jeenah Moon | The Washington Post | Getty ImagesSweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter.The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is...
Ford's Chief Financial Officer John Lawler and Linda Zhang, chief engineer for the company's All Electric F-150 Lightning, participate in the opening bell ceremony at the New York Stock Exchange, April 28, 2022.Brendan Mcdermid | ReutersFord Motor on Friday named the former chief financial officer of electric-vehicle startup Lucid...
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks.Fat Brands, Wiederhorn and a few other people were criminally indicted by a...
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday.The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for May, down from 77.2 in April and well off the...