A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. A new Kentucky law cuts the maximum duration of unemployment benefits by more than half, to 12 weeks, during periods of low unemployment.Luke Sharrett | Bloomberg | Getty ImagesDemand for workers fell...
DETROIT – General Motors' U.S. vehicle sales increased 14.1% last year to represent the automaker's best year since 2019, prior to the impacts of the coronavirus pandemic and yearslong supply chain problems.The Detroit automaker on Wednesday reported sales of roughly 2.6 million vehicles in 2023, including 625,176 cars and...
Check out the stocks making the biggest moves in premarket trading. Bloomin' Brands — Shares of the restaurant company rose more than 5% after the Outback Steakhouse parent announced it added two new members to its board. The change comes as part of an agreement between Bloomin' and activist...
Skyline of Riyadh in Saudi Arabia.Simon Dawson | Bloomberg | Getty ImagesSaudi Arabia's Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy...
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images)Anadolu | Getty ImagesThe threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from...
Artur Widak | Nurphoto | Getty ImagesShares of Moderna jumped more than 15% on Tuesday after Oppenheimer upgraded the stock to "outperform," saying the Covid vaccine maker could market five products by 2026.The upgrade follows a dismal 2023 for Moderna, whose only commercially available product is its Covid shot....
Timothee Chalamet stars in Warner Bros.' "Dune."Warner Bros.Mean girls, Spider-Women and sandworms will headline the 2024 box office — and they'll have to do some heavy lifting.The March 1 release of "Dune: Part Two," the delayed and much-anticipated follow-up to Denis Villeneuve's 2021 science fiction epic is expected to...
Check out the companies making headlines in midday trading. Moderna — The drugmaker jumped 16% following an upgrade to outperform by Oppenheimer. The firm said Moderna's multiple product launches in the next 12 to 18 months should help top-line sales start to grow in 2025. Moderna fell more than...
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company's plant in Normal, Ill.Michael Wayland | CNBCShares of Rivian Automotive declined by almost 10% during early trading Tuesday after the company reported increased vehicle production during the fourth quarter but fewer deliveries than the previous...
Check out the companies making the biggest moves in premarket trading: Apple — Apple shares lost 2% before the bell after Barclays downgraded the iPhone maker to underweight, citing weak iPhone 15 volumes, along with Macs, iPads, and wearables. In addition, Apple's widening P/E multiple doesn't look "sustainable," the...