Shoppers may get an early present this holiday season: falling prices in many gift-giving categories.On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper.He said the retailer expects some of the stickier higher...
Tom Blyth and Rachel Zegler star as Coriolanus Snow and Lucy Gray Baird in Lionsgate's "Hunger Games: The Ballad of Songbirds and Snakes."Lionsgate"Snow lands on top."It's the mantra of the main character Coriolanus Snow in the upcoming "Hunger Games: The Ballad of Songbirds and Snakes" and the hope of...
Mattel headquarters in El Segundo, California, US, on Friday, April 28, 2023.Bloomberg | Getty ImagesMattel hopes a new hire will help it expand its content slate, following the blowout box office success of "Barbie."The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired...
Check out the companies making headlines in midday trading. Sonos — The stock climbed 17% after Sonos CEO Patrick Spence said the company is entering a multiyear product cycle that will include an entry "into a new multi-billion dollar category" in the second half of fiscal 2024. Macy's —...
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – A record deal between the United Auto Workers and General Motors has been ratified by a majority of workers, according to voting results posted Thursday...
High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon.Homebuilder sentiment fell six points to 34 in November on the National Association of Home...
A Project Kuiper engineer conducts network testing as prototype satellites pass over McAllen, Texas.AmazonA little over a month after launch, Amazon on Thursday announced its pair of prototype internet satellites were fully successfully in operations and testing."We were able to validate everything and get all the data that we...
Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities.Munger, 99, told CNBC's Becky Quick in an interview that the idea that Buffett was front-running...
Singapore's F1 Grand Prix in 2022. 2022.Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesTake an elite field of world-class racing experts. Ask them to spend fewer dollars toward beating their bitter rivals. The result, it turns out, is a slate of newly investable assets.That's how the...
Check out the companies making headlines in premarket trading. Walmart — The big box retailer fell 4.7% after reporting adjusted earnings-per-share guidance for the year of $6.40 to $6.48, lighter than analysts expected. However, Walmart's adjusted earnings of $1.53 per share topped the $1.52 expected from analysts polled by...