Tag: business news

U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike

Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant...

Record numbers of wealthy Americans are making plans to leave the U.S. after the election

Ferragudo, Portugal.Gonzalo Azumendi | Stone | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a...

Higher taxes will make it harder for Britain to build ‘the next Nvidia,’ tech execs say

UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in...

Surge in UK borrowing costs is not a repeat of the ‘mini-budget’ crisis, economists say

LONDON — U.K. borrowing costs are elevated after the Labour government unveiled a huge package of borrowing and tax rises in its Wednesday...

Exxon beats earnings estimates, increases fourth-quarter dividend

Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest liquids production level in more than four decades."This quarter is...

BlackRock launches ETF that expands beyond the ‘Magnificent Seven’

BlackRock's iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven.The firm launched the iShares Top...

Manchester United appoint Ruben Amorim as manager after sacking Erik ten Hag

Sporting Head Coach Ruben Amorim prior to the match between Sporting CP and CD Nacional at Estádio José Alvalade on October 29, 2024...

Jim Cramer: Abbott stock is ‘dirt cheap’ after a surprising legal win validates our conviction

Abbott Laboratories shares jumped Friday after the Club holding picked up a surprise victory in a trial over the safety of its formula...

Chevron beats earnings expectations, returns more than $7 billion to shareholders

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders.The company's shares were up more than 4% in...

Apple sales rise 6%, company seeing early iPhone 16 demand

CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S....

A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol

People seen around the Starbucks coffee store in Shenzhen, China.Jakub Porzycki | Nurphoto | Getty ImagesOn Starbucks' fourth-quarter earnings call, newly installed CEO...

Thanksgiving box office showdown shows importance of premium screens

Wicked, Gladiator II, and Moana 2 Movie Posters.Sources: Universal (L), Paramount (C) and Disney (R)Three heavyweight Hollywood blockbusters will face off at the...

Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO

Peter Stern, CEO of Peloton Interactive.Courtesy: Peloton InteractivePeloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of...

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reins in costs...

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