Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union believes there is "more to be won" in ongoing contract negotiations with the Detroit automakers following five weeks of...
Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Pool | Via ReutersThe federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the Treasury Department announced Friday.Wrapping up a year...
Check out the companies making headlines in midday trading. Schlumberger — The oilfield services stock dropped 2% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv....
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn't envision interest rate cuts happening until well into 2024.Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there's still a lot of work to be done before the Fed reaches...
Check out the companies making the biggest moves in premarket trading: SolarEdge Technologies — The solar stock tumbled nearly 29% after the company lowered its third-quarter guidance post market Thursday. SolarEdge CEO Zvi Lando cited substantial and unexpected cancellations among the reasons for the cut. On Friday, Deutsche Bank...
Check out the companies making headlines in after-hours trading. SolarEdge — Shares plunged 20% after the solar company lowered its third-quarter revenue guidance to between $720 million and $730 million, down from prior guidance of between $880 million and $920 million. CEO Zvi Lando said the company experienced "substantial...
Cold and flu medicine including NyQuil sit on a store shelf in Miami on Sept. 12, 2023.Joe Raedle | Getty ImagesCVS is removing some of the most common cough and cold medicines from its store shelves and will no longer sell them, a company spokesperson told CNBC on Thursday. The...
Las Vegas Sands' recovery from the Covid-19 pandemic is gaining steam, and Asia is a big reason why.The world's largest casino company on Wednesday announced it pulled in $1.12 billion in third-quarter adjusted property EBITDA, a crucial measure of profitability in the gambling industry. That's nearing pre-pandemic levels, off...
Sanofi Lantus brand insulin pens are arranged for a photograph in Brooklyn, New York, on April 5, 2019.Alex Flynn | Bloomberg | Getty ImagesAmericans, regardless of their insurance status, can now access Sanofi's most widely prescribed insulin for $35 through the prescription drug savings company GoodRx, the companies announced...
Andre Iguodala, #9; Stephen Curry, #30; and Klay Thompson, #11, of the Golden State Warriors high-five one another during the game against the Boston Celtics at the Oakland Arena in Oakland, California, on March 8, 2017.Noah Graham | National Basketball Association | Getty ImagesSome of San Francisco's biggest sports...