Check out the companies making headlines in midday trading. Wayfair — Shares of the digital home goods retailer surged 10% after the company said it will lay off 13% of its global workforce , including 19% of its corporate team, in an effort to cut out layers of management...
A stealth inflationary cost is biting into corporate profits. While some companies are now seeing lower input and freight costs, one expense is not falling: insurance.In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14%...
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty ImagesSales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales...
Delta airlines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta.Camilo Freedman | Lightrocket | Getty ImagesDelta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier's CEO told CNBC...
An employer representative at a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department of Labor is scheduled to release initial jobless claims figures on January 11. Eric Thayer | Bloomberg | Getty ImagesConsumers have grown more confident about the direction of...
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesPresident Joe Biden's Justice Department has successfully had two airline link-ups halted in court in recent months....
A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis BalibouseDenis Balibouse | ReutersThe 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Billionaires and world leaders are flying home from Zurich or taking long...
Check out the companies making headlines before the bell. Wayfair — Shares of the digital home goods retailer surged nearly 12% premarket after the company said it will lay off 13% of its global workforce , including 19% of its corporate team, in an effort to cut out layers...
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its all-electric F-150 Lightning, the automaker said Friday.Ford said...
The drive-thru entrance to a Salad and Go location.Source: Salad and GoWhen Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the "McDonald's of its generation."But another salad rival could beat Sweetgreen to the punch: Salad and Go.Founded in 2013,...