Stellantis CEO says automaker won’t sell EVs at a loss like other carmakers
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York,…
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A stealth inflationary cost is hitting corporate profits and consumer wallets
Getty ImagesA stealth inflationary cost is biting into corporate profits.While some companies are now seeing lower input and freight costs,…
Delta CEO is confident about moving forward with order of Boeing Max 10s
Delta Air Lines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta.Camilo Freedman | Lightrocket | Getty ImagesDelta Air…
December home sales slump to close out worst year since 1995
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty…
Why the JetBlue-Spirit antitrust ruling doesn’t spell doom for an Alaska-Hawaiian merger
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California,…
Sweetgreen wants to be the ‘McDonald’s of its generation.’ This rival salad chain could beat it
The drive-thru entrance to a Salad and Go location.Source: Salad and GoWhen Sweetgreen went public two years ago, co-founder and…
Spirit Airlines jumps 20% after raising fourth-quarter forecast
Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via…
Macy’s to cut more than 2,300 jobs, about 3.5% of its workforce, and close five stores
Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations…
Wendy’s taps PepsiCo exec Kirk Tanner as new CEO as burger chain fights off activist pressure
A ‘now hiring’ sign outside of a Wendy’s on October 08, 2021 in Miami, Florida.Joe Raedle | Getty ImagesWendy’s has…
NBA postpones second Warriors game after assistant coach’s death
Assistant coach Dejan Milojević and Kevon Looney, #5 of the Golden State Warriors, talk before the game against the Los…
Nelson Peltz is launching a blitz on Disney — here’s what he says is next in his proxy fight
Activist investor Nelson Peltz.David A. Grogan | CNBCDisney and its investors are going to start hearing a lot from activist…
Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches…
Nelson Peltz states his case for joining the Disney board
Activist investor Nelson Peltz is stating his case for joining Disney‘s board. Peltz’s Trian Fund Management, in formally nominating Peltz…
The weight loss drug market may soon get more crowded. Here are the companies trying to enter the booming space
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used…
Spirit Airlines shares sink 20% in second day of losses after judge blocks JetBlue merger
JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on…
Failed JetBlue buyout leaves Spirit Airlines with a tough path forward
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday,…
China launches a security review of Shein. Here’s what it means for its IPO
Clothes at the Shein headquarters in Singapore on June 19, 2023.Ore Huiying | Bloomberg | Getty ImagesChina’s powerful internet regulator…
Holiday sales climb, boosting retailer hopes that shoppers will spend during uncertain 2024
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins…
Homebuilder sentiment improves for second straight month, following drop in mortgage rates
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois.Scott Olson | Getty ImagesHomebuilder sentiment…
Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of…
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