Spencer Platt | Getty Images IPO investors in a record-breaking issuance rush in 2021 have so far been disappointed by dismal returns, and the outlook for the once-booming market is only getting worse...
Tag: Breaking News: Business
Walmart’s top U.S. e-commerce chief Casey Carl is leaving
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press |...
Shares of autonomous driving tech company Luminar surge on Mercedes-Benz deal
Austin Russell, Luminar founder and CEO, with Markus Schäfer, Mercedes-Benz AG chief technology officer at Mercedes-Benz’ Sindelfingen, Germany plant. Mercedes-Benz Mercedes-Benz said Thursday i...
American Airlines (AAL) revenue grew in fourth quarter, posts narrower loss
American Airlines posted its highest revenue of the pandemic during the fourth quarter as bookings rose, but it still reported a loss, as the spread of the omicron variant hurt bookings. “Over t...
PepsiCo and Beyond Meat’s joint venture will reportedly launch a plant-based jerky
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat and PepsiCo&...
United Airlines (UAL) reports quarterly results
An aircraft takes off from O’Hare International Airport on January 18, 2022 in Chicago, Illinois. Scott Olson | Getty Images United Airlines said the surge in Covid-19 infections has hurt bookin...
SEC eyes new disclosure deadlines for hedge funds building big stakes
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14...
Starbucks won’t require vaccination or weekly testing after court ruling
People wear protective face masks outside Starbucks in Union Square in New York. Noam Galai | Getty Images Starbucks has suspended its plan to require baristas to get vaccinated or receive weekly test...
Disney forms international content group, gears up for streaming push
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. Is an online video streaming subscription service owned and operated by Direct-to-Consumer & International, a sub...
Procter & Gamble plans more price hikes for Tide and other products
Procter and Gamble Co. Pampers brand baby diapers are arranged for a photograph taken in Hastings on Hudson, New York, U.S., on Saturday, Oct. 17, 2020. Tiffany Hagler-Geard | Bloomberg | Getty Images...
Procter & Gamble (PG) Q2 2022 earnings
Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty Images Procter & Gamble on Wednesday reporte...
Biden will make 400 million N95 masks available to Americans for free
Workers produce N95 respirators at Protective Health Gear (PHG) in Paterson, New Jersey, U.S., January 14, 2022. Brendan McDermid | Reuters President Joe Biden will make 400 million highly protective ...
Foreign airlines cancel some U.S. flights despite 5G deal
A Japan Airlines (JAL) passenger plane (R) taxis past another from All Nippon Airways (ANA) at Tokyo’s Narita International Airport in Narita, Chiba Prefecture on July 18, 2021. David Gannon | A...
Some Americans blocked from ordering Biden’s free Covid tests in early website launch
Take home COVID-19 self testing kits provided by the District of Columbia government, which provides city residents four free take home tests per day, are seen in this illustration taken January 11, 2...
Companies hit record $14.5 billion in 2021
A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Private investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital. Space ...
WHO says omicron won’t be last Covid variant as global cases surge by 20% in a week
Maria Van Kerkhove, Technical Lead of the World Health Organization (WHO) Health Emergencies Programme attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Geneva, Switze...
AT&T delays 5G rollout near some airports after airlines warned of cancellations
A Southwest Airlines plane approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on air...
The Biden administration says it’s in talks to prevent flight disruptions over 5G rollout
A commercial aircraft approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on aircraft...
Oil is at a 7-year high, but Exxon CEO Darren Woods sees lower trend
Darren Woods, CEO, ExxonMobil Michael Newberg | CNBC Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Wo...
Omicron wave shows early signs of easing in states hit early
A woman is getting a Covid-19 test at a drive through Covid-19 testing center as hundreds of cars and pedestrians line up to get Covid-19 test before Christmas holiday season in North Bergen of New Je...
Labor Department vows to protect workers from Covid after mandate blocked
US Secretary of Labor Marty Walsh speaks about Labor Unions during an event in the East Room of the White House September 8, 2021, in Washington, DC. Brendan Smialowski | AFP | Getty Images The Labor ...
Thieves find new source for stolen goods: Delivery trucks and trains
Images from video show emptied boxes along rail tracks in Los Angeles after thieves broke into Union Pacific cargo trains. Source: NBC4 | Los Angeles Instead of shoplifting from stores, some thieves a...
GE suspends Covid vaccine and testing rules after Supreme Court blocks Biden mandate
An employee helps install a traction motor onto the truck of a General Electric Evolution Series Tier 4 diesel locomotive at the GE Manufacturing Solutions facility in Fort Worth, Texas. Luke Sharrett...
United brings back airport vaccines for employee boosters as omicron spreads
United Airlines ramp services worker John Dalessandro receives a COVID-19 vaccine at United’s onsite clinic at O’Hare International Airport on March 09, 2021 in Chicago, Illinois. Scott Ol...
Bill Ford is doubling down on Ford shares and amassing more control of the company
Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Mich...
Wells Fargo WFC earnings Q4 2021
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo shares rose on Friday after the bank posted quarterly revenue that exceeded anal...
Stock futures are flat ahead of major bank earnings
U.S. stock index were little changed during overnight trading on Thursday, ahead of earnings from the major banks on Friday. Futures contracts tied to the Dow Jones Industrial Average advanced 29 poin...
Biden says U.S. to provide high quality masks for free to Americans
US President Joe Biden holds up a KN95 mask as he delivers an update on his Administrations whole-of-government COVID-19 surge response at the White House in Washington, DC, on January 13, 2022. Jim W...