United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker's full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023.James Breeden | ReutersDETROIT – The United Auto Workers' tentative agreement with General Motors is back on...
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty ImagesMarkets seem to have taken this week's positive economic data as the all-clear signal for the Federal Reserve to start cutting interest...
A customer shops the holiday section at a Target store in Clifton, N.J.Adam Jeffery | CNBCTarget's goal this holiday season: Be more like Walmart.The retailer's leaders said customers will see thousands of gift ideas under $25, store displays that highlight affordability and low-priced Thanksgiving ingredients.But the discounter will do...
As Target tries to fight theft at its stores, it has left customers frustrated to find many everyday items locked up. Still, the retailer's CEO Brian Cornell claimed many shoppers are actually grateful to see their body wash, toothpaste and deodorant behind a glass panel.On a media call with...
Red Bull's Max Verstappen celebrates after winning the Brazilian Grand Prix on Nov. 5, 2023.Amanda Perobelli | ReutersRed Bull Racing's dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team's principal and CEO, Christian Horner, told CNBC."There's an old adage...
Check out the companies making headlines in midday trading. Holley — Shares of the auto parts manufacturing company added 5.6% following an upgrade by Jefferies to buy from hold. The investment bank predicts Holley's sales will ramp up in the fourth quarter and thinks the stock is trading at...
A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California.Mario Tama | Getty Images NewsFood inflation has been on a tear, with prices for food at home up 2.1% year-over-year in October, according to...
A Marshalls store in New YorkScott Mlyn | CNBCTJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. The off-price giant, which runs T.J. Maxx, Marshall's and HomeGoods, beat Wall Street's estimates on the top...
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, D.C., March 22, 2023.Valerie Plesch | Bloomberg | Getty ImagesCitigroup will soon begin layoffs in CEO Jane Fraser's corporate overhaul, CNBC has...
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesWholesale prices in October posted their biggest decline in 2½ years, providing another indication that the worst of the inflation surge may have passed.The producer price index, which measures final-demand...