Alvaro Gonzalez | Moment | Getty ImagesLayoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring reached a historic low, outplacement firm Challenger, Gray & Christmas reported Thursday.Announced job cuts totaled 75,891 for the month, lurching 193% higher than July. Though the...
Beyond Meat in El Segundo, California, on May 30, 2024.Christina House | Los Angeles Times | Getty ImagesBeyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers.CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with...
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyBox office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade.Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the...
Check out the companies making headlines in midday trading. Dollar Tree – Shares tumbled 20% after the discount retailer slashed its full-year outlook for net sales and adjusted earnings per share. Dollar Tree cited increasing pressures on middle- and higher-income customers. GitLab – The software developer's stock soared 17%...
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesMolson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies.In an internal memo sent Wednesday and obtained by CNBC, Molson Coors...
A trader signals an offer in the Standard & Poor's 500 stock index futures pit at the CME Group in Chicago on Dec. 14, 2010.Scott Olson | Getty Images News | Getty ImagesThe relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.Following...
Job openings slumped to their lowest level in three and a half years in July, the Labor Department reported Wednesday in another sign of slack in the labor market.The department's closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month,...
A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty ImagesIn 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July,...
speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank's target.Previously one of the more hawkish policymakers, or in favor of...
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It's all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and...