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Investing

Target says its holiday sales were better than expected — but its profits weren’t

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days…
Investing

JPMorgan Chase posts record profit as the bank’s massive scale pays off

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank…
Investing

Disney wins the 2024 box office as year-end receipts offer a welcome boost

Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales were down…
Investing

There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in…
Investing

Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about…
Investing

MSNBC President Rashida Jones steps down after four-year tenure

Rashida Jones, the president of MSNBC, announced Tuesday that she is stepping down after four years of steering the cable news network….
Investing

Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024

Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis…
Investing

USDA documented insects and slime at Boar’s Head plants, records show

Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a…
Investing

Southwest Airlines pauses corporate hiring, most summer internships to cut costs

Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date…
Investing

Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia

Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the…
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