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 said Tuesday it is delaying production of all-electric trucks at a Michigan plant by...
Check out the companies making headlines in midday trading. Lockheed Martin — The defense company gained about 0.6% after it reported third-quarter results that beat expectations. The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast...
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021.Luke Sharrett | Bloomberg | Getty ImagesActivist investment firm Engaged Capital has taken a stake in VF Corporation, owner of Vans and The North Face brands, and...
Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company.Starboard CEO Jeffrey Smith told CNBC's David Faber on Tuesday that the firm is building a position in News Corp. and has...
Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesTupperware on Tuesday appointed Laurie Ann Goldman as its new CEO and shook up its board as the iconic brand tries to overcome its recent struggles.Shares of Tupperware surged...
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh...
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022.Rebecca Noble | Bloomberg | Getty ImagesBuilder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a market dominated by high mortgage rates and...
A customer shops at a Costco store on October 2, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesConsumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy.Retail sales rose 0.7% on the month, well above the...
Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023.Adam Pantozzi | National Basketball Association | Getty ImagesWith the National Basketball Association season tipping off next week, StubHub sees ticket...
Check out the companies making headlines before the bell. Wyndham Hotels & Resorts , Choice Hotels — Choice Hotels dropped 2.3% after the hotel chain proposed buying Wyndham Hotels & Resorts for $90 per share, valuing Wyndham at roughly $7.8 billion. Wyndham's stock popped 15% on news of the...