The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership "Berlin Express" at Burchardkai in the Port of Hamburg.Marcus Brandt | Picture Alliance | Getty ImagesTwo shipping giants, Hapag-Lloyd and Maersk, are pausing their travel through the Red Sea and the Bab el-Mandeb Strait in the...
DETROIT — General Motors' plans to diversify its business through trendy industries such as ridesharing and other "mobility" ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016.Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next.The...
Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty ImagesCitigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.Workers can...
Check out the companies making headlines in midday trading. Scholastic — Shares tumbled about 12% after the publisher and distributor of children's books reported a 4% year-over-year decline in revenue for the fiscal second quarter, citing headwinds in the retail market. Quanex Building Products — The window and door...
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of professional pickleball players have formed a collective to voice their concerns about recent pay cuts and the future of the sport.In a letter obtained by CNBC, the collective shared...
Angel Di Bilio | iStock Editorial | Getty ImagesDelta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country's fastest-growing airports.The carrier plans to add 11 nonstop flights from Austin in April, giving it almost...
An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21.Bloomberg | Getty ImagesDarden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains like...
Check out the companies making headlines before the bell. Costco Wholesale — Costco shares added 2.7% after the wholesale retailer posted quarterly numbers that beat analyst expectations. The company also announced a special dividend of $15 per share. Lennar —The homebuilder slipped 2.4% despite posting fourth-quarter results that topped...
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT — General Motors plans to lay off about 1,300 workers in Michigan starting early next year due...
Timothee Chalamet stars as a young Willy Wonka in Warner Bros.' "Wonka."Warner Bros. DiscoveryA younger, sweeter Willy Wonka enters theaters this weekend. Oh, and he does a lot more singing.Expectations are high that "Wonka" will deliver families to theaters, as the film has already generated goodwill with critics, scoring...