UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023Michael Wayland / CNBCA strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor,...
A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021.View Press | Corbis News | Getty ImagesCheck out the companies making headlines in extended trading.GameStop — The video game retailer surged 5% after posting an increase in sales for its latest quarter. GameStop...
A scene from "Barbie."Courtesy: Warner Bros.Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare like "Barbie" and "Oppenheimer" that fueled the industry's haul of $4 billion, a 19% jump from last year.Starting the first Friday in May and running through...
The Tesla logo is seen on a charging station in Virginia, Aug. 16, 2023.Celal Gunes | Anadolu Agency | Getty ImagesCheck out the companies making the biggest moves midday.Roku — Shares popped 3% after the streaming company announced it would lay off 10% of its staff, consolidate office space...
Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023.Tiffany Hagler-Geard | Bloomberg | Getty ImagesRoku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses.In a regulatory filing Wednesday, the company said the cost-cutting measures aim to...
Traders work on the floor of the New York Stock Exchange, Aug. 22, 2022.Brendan McDermid | ReutersShares of AMC Entertainment fell sharply in early trading Wednesday after the theater chain said in a filing that it plans to sell up to 40 million new shares to raise cash.The stock was down 25%, bringing...
HuluRafael Henrique | SOPA Images | LightRocket | Getty ImagesThe timeline to decide Hulu's ownership fate has been moved up, Comcast CEO Brian Roberts said Wednesday.Comcast and Disney are set to begin those discussions on September 30, months earlier than the initial January 2024 deadline. The talks will include...
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada.Ethan Miller | Getty ImagesMajor U.S. airlines warned about a spike in jet fuel prices, adding to costs during the busy...
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri.William Purnell | Icon Sportswire | Getty ImagesAs legalized sports gambling expands across the U.S., a record 73.5...
The Roku app on a television in Hastings-On-Hudson, New York, US, on Tuesday, July 25, 2023.Tiffany Hagler-Geard | Bloomberg | Getty ImagesCheck out the companies making headlines in premarket trading on Wednesday.Roku — The streaming stock jumped 12.5% after announcing plans to lay off 10% of its staff. Roku...