Visitors can avoid lines at Disney World if they buy into the system.Joseph Prezioso | Anadolu Agency | Getty ImagesDisney's restructuring has triggered some changes in how the company shares its financial details, shedding light on just how strong its theme park business is for its bottom line.According to...
Check out the companies making headlines in midday trading. Union Pacific — Shares of the freight operator added 2.6% after the company reported earnings per share of $2.51 while analysts polled by LSEG, formerly known as Refinitiv, forecast $2.44. The company's third-quarter revenue of $5.94 billion missed analyst estimates...
From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property.The average sale price of a home in Palm Beach topped $20 million in the third quarter, making it far and away the most...
Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 15.4% lower compared with September 2022.This is the slowest sales pace since October 2010, during the Great Recession, when...
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThe largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come.Even as the economy has surprised forecasters with...
A picture of a woman starting Netflix on a TV inside her apartment.Artur Widak | NurPhoto | Getty ImagesNetflix shares surged 16% on Thursday following a promising quarterly earnings report. The streaming giant reported a number of victories including a 70% jump in its new ad-supported subscription tier.As for...
Check out the companies making headlines before the bell. Tesla — Shares of the electric vehicle manufacturer dropped more than 7% after it reported third-quarter earnings results that failed to impress investors. Earnings came in at $0.66 per share on $23.35 billion in revenue, lower than the $0.74 per...
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices.The carrier said Thursday it...
At Kohl's stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home decor.Melissa Repko | CNBCAs...
Illustration by Elham AtaeiazarIt's no secret that Shein has ambitions to go public, but the fast-fashion juggernaut will have to overcome a slew of hurdles before it can win over Wall Street.The digitally native retailer skyrocketed to prominence during the Covid-19 pandemic after shoppers across the globe fell in...