Michael Milken attends Prostate Cancer Foundation's Dinner At Daniel on November 19, 2019 at Daniel in New York City.Paul Bruinooge | Patrick McMullan | Getty ImagesFamed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide.In fact, the Milken Institute...
A blue and white checked gingham dress, worn by Judy Garland in the "Wizard of Oz," hangs on display, Monday, April 25, 2022, at Bonhams in New York.Katie Vasquez | APThis "Wizard of Oz" dress could be off to see the auction house very soon.A federal judge in New...
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC.Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet.Shares of the company...
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a major reversal after the automaker significantly...
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue and quarterly revenue...
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.ScreenshotDETROIT – The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the...
Eli Lilly's drug tirzepatide was approved for weight loss by the FDA.Courtesy of Eli LillyPatients who took Eli Lilly's weight loss drug Zepbound regained around half the weight they shed after stopping the newly approved treatment for a year, according to data released Monday. The data, which represents the full...
Check out the companies making headlines in midday trading. Macy's — Shares jumped 21% after Macy's, according to sources received a buyout offer for $5.8 billion from two investment firms. Other department store chains also rose on the report, with shares of Nordstrom and Kohl's each gaining more than...
Igor Golovniov | Lightrocket | Getty ImagesAltice USA is in talks to sell the financial news streaming service Cheddar News to L.A.-based private equity firm Regent LP, according to people familiar with the matter.No deal is assured and discussions around structure are still fluid, said the people, who asked...
Sopa Images | Lightrocket | Getty ImagesShares of Cigna jumped Monday following reports that the health-care giant has scrapped its plans to buy rival Humana due to disagreements on price, putting an early end to what would have been one of the largest deals of the decade.Cigna late Sunday...