The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images General Motors has signed ...
Tag: business news
Chick-fil-A will test cauliflower sandwich
Chick-fil-A is making its cauliflower sandwich the same way as its original chicken sandwich. Source: Chick-fil-A Chick-fil-A will test its first plant-based entree: a cauliflower sandwich. The new sa...
Disney proxy fight is over, Nelson Peltz says
Nelson Peltz declared his proxy fight with Disney was over Thursday after the entertainment giant unveiled a vast restructuring plan, cost cuts and 7,000 layoffs. “Now Disney plans to do everyth...
McDonald’s, Taco Bell owner Yum rule amid high inflation
A girl waiting in line to pick up an order at a McDonald’s restaurant. Oleksii Chumachenko | SOPA Images | Lightrocket | Getty Images Fast-food chains are looking like the big winners in the fou...
Small businesses fight credit card swipe fees
Sol Dias Ice Cream, in the Dallas metro area, draws in customers with its award-winning mango sorbet and flavors with a Mexican twist like “tequila” and “queso.” The unique fla...
Senate holds first hearing on the suspected Chinese spy balloon
(The stream is slated to start at 10:15 a.m. ET. Please refresh the page if you do not see a video above at that time.) The Senate on Thursday is holding its first hearing on the Chinese spy balloon t...
Airlines, rocket launches compete for airspace as FAA manages demand
The SpaceX launch pad is seen from the window of Air Force One at Kennedy Space Center, Wednesday, May 27, 2020, in Cape Canaveral, Fla. Evan Vucci | AP WASHINGTON — Space companies are launching more...
Everything is on the table now with Hulu, Disney CEO Iger says
Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu. Disney owns two thirds of the streaming service, which focuses on more adult-oriented gener...
Senate Foreign Affairs Committee holds a hearing on U.S.-China policy
The Senate Foreign Relations Committee is holding a hearing titled “Evaluating U.S.-China Policy in the Era of Extreme Competition.” The hearing comes two days after President Joe Biden hi...
Stablecoin giant Tether records surprise $700 million profit
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top ...
Disney CEO Bob Iger says he prefers to stay only two years
Disney CEO Bob Iger appeared on CNBC’s “Squawk on the Street” Thursday following the company’s announcement it would cut 7,000 jobs and slash $5.5 billion in costs as part of a...
Wall Street’s frozen market is thawing after stock rally
Traders work on the floor of the New York Stock Exchange on Wall Street in New York City. Angela Weiss | Afp | Getty Images Wall Street just pulled off its biggest IPO in four months, giving bankers h...
Biden proposal to cap all insulin prices at $35 a month has little chance of passing Congress
President Joe Biden delivers the State of the Union address to a joint session of Congress on Feb. 7, 2023 Pool | Getty Images President Joe Biden used the bully pulpit during the State of the Union a...
Lucid offers EV price cuts on some Air luxury sedans
Lucid Air Courtesy: Lucid Motors Lucid Group said Thursday that buyers of certain versions of its pricey Air electric luxury sedan will be eligible for a $7,500 “credit.” But that credit w...
Southwest faces Senate hearing over holiday travel chaos
Passengers check in for a Southwest Airlines Co. flight inside Terminal 1 at Los Angeles International Airport (LAX) in Los Angeles, California, on August 10, 2022. Patrick T. Fallon | AFP | Getty Ima...
Weigh these 7 factors first
Halfpoint Images | Moment | Getty Images 1. Investment fees Investment fees are a big consideration for rollovers, advisors said. Investment funds in 401(k) plans are generally less costly than their ...
Tapestry, Credit Suisse, Disney and more
CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading: Tapestry — The company...
PepsiCo (PEP) Q4 2022 earnings
Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American div...
Shell board of directors sued by investors over climate strategy
Shell recently reported its highest-ever annual profit of nearly $40 billion. Paul Ellis | Afp | Getty Images Shell‘s directors are being personally sued for allegedly failing to adequately mana...
Turkey earthquake comes at a critical time for the country’s future
Civilians look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake’s epicentre, the day after a 7.8-magnitude earthquake struck the country’s southea...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
Manhattan rents hit record high in January
A man enters a building with rental apartments available in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis News | Getty Images Median rents in Manhattan hit a new record in January as a st...
Singapore drops pre-departure requirements for travelers, further eases mask rules
People gather outside the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN / AFP) (Photo by ROSLAN RAHMAN/AFP via Getty Images) Roslan Rahman | Afp | Get...
Disney announces layoffs, reorganization, cost cuts
Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three...
Disney CEO Bob Iger puts turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prior...
What Elon Musk would pay
Elon Musk attends the 2022 Met Gala at the Metropolitan Museum of Art. Angela Weiss | AFP | Getty Images President Joe Biden drew loud cheers during his State of the Union address Tuesday night when h...
Dominion calls out Fox for missing evidence in lawsuit
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Dominion Voting Systems is calling out Fox News and its pare...
Mattel (MAT) earnings Q4 2022
The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Daniel Becerril | Reuters Barbie-maker Mattel posted fourth-quarte...