Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. Kena Betancur | Corbis News | Getty ImagesPfizer on Wednesday said it has launched a new multi-year program to reduce costs as it works to rebound from the rapid decline of its Covid business. The announcement...
Any significant reduction or a rollback of the Inflation Reduction Act's support for electric vehicles would benefit China, according to General Motors board member Jon McNeill."I think we risk losing the auto manufacturing share to China. We really do, globally," McNeill, a former Tesla president and cofounder and CEO...
TJX Companies shares climbed to an all-time high Wednesday after reporting better-than-expected fiscal first-quarter results Wednesday. The report showcased the off-price retailer's appeal to bargain-hunting shoppers and prompted us to boost our price target on the stock. Total revenue for the three months ended May 4 advanced 6% year...
Joe Biden and Donald Trump 2024.Brendan Smialowski | Jon Cherry | Getty ImagesThe stock market has yet to price in a potential outcome in the presidential election, a rematch between President Joe Biden and former President Donald Trump.In general, election years are not great for the stock market leading up...
Skynesher | E+ | Getty ImagesNew technologies have given people access to more information and new tools to manage their money.Robo-advisors can build and rebalance portfolios based on customer preferences. However, automation doesn't factor in people's emotional needs.Experts say adding behavioral science to investing knowledge can help financial advisors...
Check out the companies making headlines in midday trading: Target — Shares of the retailer pulled back more than 7% after a first-quarter earnings miss , underscored by a 3% year-over-year decline in sales. Analog Devices — Stock in the semiconductor manufacturer surged more than 8% after second-quarter results...
The U.S. economy has remained remarkably strong.Boosted by a strong labor market, the country has continued to expand since the Covid-19 pandemic, sidestepping earlier recessionary forecasts even after a series of Federal Reserve interest rate increases.And yet, consumer sentiment recently sank to a six-month low.That disconnect is what Joyce Chang, J.P. Morgan's chair of global...
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit.Michael Wayland / CNBCDETROIT — The Chevrolet Equinox has been a crucial part of General Motors' lineup for two decades. The vehicle is a quintessential family hauler and a go-to car...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. U.S. stocks are little changed Wednesday as Wall Street awaits Nvidia's highly anticipated earnings report after the closing bell. Some investors believe the leading...
