Mailsonpignata / 500Px | 500Px | Getty ImagesShares of ON Semiconductor closed down more than 21% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year.ON Semiconductor said it expects to report fourth-quarter earnings between $1.13 and $1.27 per share, excluding...
US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. Olivier Douliery | Afp | Getty ImagesThe U.S. government's borrowing needs will decline slightly in the final three months...
An artist illustration shows the functions of the Space Development Agency's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.The SDA is having the pair of companies build 100 satellites as part...
Check out the companies making headlines in midday trading. SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. SoFi posted a massive third-quarter revenue beat and raised its outlook for the full year. The company reported $531 million in revenue, exceeding an LSEG estimate of...
Chipotle and McDonald's fast-food restaurants in Chinatown, Washington, D.C.Jeff Greenberg | Universal Images Group | Getty ImagesMcDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in...
Sesame Street characters Bert and Ernie during the presentation of the NDR and Deutsche Post commemorative stamp of 'Sesamstrasse' on March 2, 2020 in Hamburg, Germany.Tristar Media | Getty Images Entertainment | Getty Images"Sesame Street" will soon have a new format as it turns the page on season...
Clothes displayed at the Shein Group Ltd. headquarters in Singapore, on Monday, June 19, 2023. Ore Huiying | Bloomberg | Getty ImagesShein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a rumored U.S....
DETROIT — The United Auto Workers and General Motors have agreed to a deal that will put an end to collective bargaining talks between the union and Detroit automakers following more than six weeks of targeted U.S. labor strikes, sources told CNBC.GM is the final Detroit automaker to reach a...
Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg...
A scene from the film "Five Nights at Freddy's"Universal PicturesIf anything was going to topple Taylor Swift at the box office, it had to be a killer animatronic bear, right?"Five Nights at Freddy's," the new Universal-Blumhouse horror offering set in an abandoned Chuck E. Cheese-type kids' pizza parlor, scored...