The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to economist Carl Weinberg."Consumers are just waking up to the fact that they're financing their spending by running up their...
Check out the companies making headlines after the bell : Box — The cloud company plummeted 11% after reporting fiscal third-quarter adjusted earnings of 36 cents per share on revenue of $261.5 million. This was lower than FactSet's analyst expectations of 38 cents per share on $262.4 million of...
Disney World's Magic Kingdom in Orlando, Florida.Joe Raedle | Getty Images News | Getty ImagesActivist investor Ancora on Tuesday urged Disney to put Nelson Peltz on its board, days after Peltz and his firm, Trian, launched a proxy fight with the entertainment giant."In an effort to avert an election...
Sopa Images | Lightrocket | Getty ImagesCharter shares plunged more than 8% on Tuesday after its CFO Jessica Fischer said the company could lose broadband subscribers in the fourth quarter.Charter competitor Comcast's stock also slipped more than 3% in midday trading."I can certainly see that it's likely that we...
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 15, 2023. Joe Skipper | ReutersSpaceX could attempt a key demonstration for NASA during the third test flight of its...
Check out the companies making headlines in midday trading. Apple — The iPhone maker's shares added 2% in midday trading after SensorTower data showed App store revenue jumped 11% quarter to date for the fiscal first quarter of 2024, according to a note from Bank of America. The firm...
FDA approves Eli Lilly's Zepbound, a weight loss drug similar to Ozempic and WegovyCourtesy: Eli LillyEli Lilly on Tuesday said its recently approved weight loss treatment Zepbound is now available at pharmacies across the U.S., serving as an alternative to rival obesity drugs such as Wegovy that are facing...
A sign outside a CVS Health store in Miami, Aug. 1, 2023.Joe Raedle | Getty ImagesCVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for those medications.The new...
The 2024 Fiat 500e.StellantisDETROIT — Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations.The small city car is expected to first go on sale as a special edition "(500e)RED" model early next...
Workers at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty ImagesJob openings tumbled in October to their lowest in 2½ years, a sign that the historically tight labor market could be loosening.Employment openings totaled 8.73 million...