Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year....
Check out the companies making headlines after the bell : PPG Industries — Shares of the paint and coatings firm slid 1% after PPG Industries issued guidance for first-quarter earnings that came in below analyst expectations, according to FactSet. The lower end of PPG's range for full-year earnings guidance...
Macy's on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.The move will affect approximately 2,350 positions across its corporate office and stores, company spokesman Chris Grams said."As we...
A 'now hiring' sign outside of a Wendy's on October 08, 2021 in Miami, Florida.Joe Raedle | Getty ImagesWendy's has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease pressure from activist investors.Tanner...
Assistant coach Dejan Milojević and Kevon Looney, #5 of the Golden State Warriors, talk before the game against the Los Angeles Lakers during the Western Conference Semifinals in the 2023 NBA Playoffs at Crypto.com Arena in Los Angeles on May 6, 2023.Noah Graham | National Basketball Association | Getty...
Check out the companies making the biggest moves midday. Apple — Shares of the iPad maker jumped nearly 3%, leading the rebound in the Nasdaq Composite. The rally came after Bank of America upgraded Apple to buy from neutral. The bank cited a stronger multiyear iPhone upgrade cycle as...
Nelson PeltzDavid A. Grogan | CNBCDisney and its investors are going to start hearing a lot from activist investor Nelson Peltz.In the coming weeks, Peltz's Trian Fund Management plans to post on X and add content to its website RestoreTheMagic.com as a crescendo to launching a dense white paper...
A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering.Angela Weiss | Afp | Getty ImagesBirkenstock shares slumped nearly 10% Thursday after the company warned about its 2024 outlook during its first earnings report since...
Raphael Bostic at Jackson Hole, WyomingDavid A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank's goal.Bostic, a voting member this year on...
Activist investor Nelson Peltz is stating his case for joining Disney's board.Peltz's Trian Fund Management, in formally nominating Peltz and former Disney Chief Financial Officer Jay Rasulo to the media giant's board of directors Thursday, made a list of initiatives and performance targets they'd pursue if elected.In a proxy...