The United Auto Workers union will strike against the Detroit automakers if the sides don't reach labor deals by an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday on CNBC's "Squawk Box."Fain's comments came the morning after he outlined plans to local union leaders about implementing...
An American Airlines plane takes off above Spirit Airlines planes and other aircraft at Los Angeles International Airport (LAX) on June 1, 2023 in Los Angeles, California. Mario Tama | Getty ImagesAmerican Airlines and Spirit Airlines on Wednesday joined other carriers in warning that higher costs will hit profits during...
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.Fraser said in a release that Citigroup would be...
A nurse prepares a flu shot at Huntington Village Pediatrics, in Huntington, New York on December 8, 2021.Steve Pfost | Newsday | Getty ImagesModerna on Wednesday said its experimental mRNA-based flu vaccine produced a stronger immune response against four strains of the virus than a currently available flu vaccine...
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCThe return of large tech IPOs this week after a prolonged drought isn't just a test of investors' appetite for risky new offerings — it's a key moment for Wall Street's top advisor, Goldman Sachs.Chip designer Arm is expected...
2024 Ford F-150 PowerBoost Platinum hybridFordDETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles.Ford expects to increase sales of the V-6 hybrid model during the 2024 model year to roughly...
A vial of the Moderna coronavirus booster vaccine targeting BA.4 and BA.5 Omicron subvariants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, Sept. 8, 2022.Hannah Beier | ReutersAn independent advisory panel to the Centers for Disease Control and Prevention on Tuesday recommended that all Americans ages 6 months and...
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Lisi Niesner | ReutersMarijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest.The upswing in the...
Ultimate Fighting Championship and World Wrestling Entertainment executives decided to name their new publicly traded company TKO to honor the companies' expertise in fighting, but they have broader aspirations than just owning combat sports.TKO began trading on the New York Stock Exchange on Tuesday, culminating a merger of two...
A combination package of Procter & Gamble Co. DayQuil Severe and NyQuil Severe brand cold and flu medicine is arranged for a photograph in Tiskilwa, Illinois.Daniel Acker | Bloomberg | Getty ImagesThe main ingredient used in many popular over-the-counter cold and allergy medications doesn't actually work to get rid...