Ford CEO Farley says UAW is holding up talks over EV battery plants
DETROIT — The United Auto Workers union is holding up negotiations with over future electric vehicle battery plants, Ford CEO Jim Farley said during a press briefing Friday. "I believe we could have reached a compromise on pay and benefit...
2023-10-03 22:30:42
Medicare drug price negotiations: Judge denies request to block
A federal judge on Friday declined to block the Biden administration from implementing , upholding for now a controversial that aims to make more affordable for . Judge Michael Newman of the Southern District of Ohio issued a ruling denyin...
2023-10-03 22:30:36
Kellanova bets on snacking as Ozempic, Wegovy take off
For more than a century, frosted cornflakes have been the backbone of business. That changes Monday, when the company will spin off its stable cereal business in favor of its faster-growing snack unit and . The spinoff comes weeks after ano...
2023-10-03 22:30:31
Sphere Entertainment stock jumps after U2 performs at Las Vegas venue
shares soared 11% Monday following the successful opening weekend of the company's new Las Vegas venue. The entertainment and media company, a of New York Knicks owner James Dolan, paired its venue opening with a performance from rock band...
2023-10-03 22:30:25
Fast-food drive-thru lanes speed up as fewer drivers wait in line
Fast-food drive-thru lanes are speeding up as fewer customers choose to order their meals and milkshakes sitting in their car, according to an by Intouch Insight released Monday. The average total time spent in a drive-thru lane shrank 29 s...
2023-10-03 22:30:20
Rivian (RIVN) Q3 2023 deliveries outperform
on Monday record third-quarter electric vehicle deliveries and said it remains on track to produce 52,000 EVs in 2023. The company said it delivered 15,564 vehicles during the period, up 23% from the and ahead of Wall Street estimates. Anal...
2023-10-03 22:30:14
FCC enforces first space debris penalty in Dish Network settlement
The Federal Communications Commission announced a settlement with on Monday in the regulator's first penalty related to space debris. Dish admitted it was liable for failing to properly dispose of the EchoStar-7 broadcast communications sat...
2023-10-03 22:30:08
Oddity Tech expects Q3 2023 sales to grow up to 31%
released preliminary third-quarter results on Monday that show expected revenue growth of 29% to 31%, driven by repeat sales at its . The retailer, which in July and uses artificial intelligence to develop products, had previously expected...
2023-10-03 22:30:03
Late night shows return, actors restart strike negotiations
Now that the Hollywood writers' strike is over, late-night hosts are preparing their first opening monologues since May, and actors are going back to the negotiating table with studios. After nearly 150 days on the picket lines, the Writers...
2023-10-03 22:29:57
Drugmakers agree to Medicare drug price negotiations: What's next
All drugmakers of the first selected for Medicare have agreed to participate in , even after many of them to halt the process last month. The companies confirmed their in separate statements to CNBC on Monday. The White House on Tuesday con...
2023-10-03 22:29:52
Macy's to open up to 30 new stores in strip malls
on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out of dying malls and into bustling suburbs. The company did not announce locations, but said the additional stor...
2023-10-03 22:29:46
Chipotle tests automation for burrito bowls and salads
is testing whether automation can make customers' burrito bowls and salads. It's the second time the burrito chain has publicly announced testing automation at its innovation center. Chippy, Chipotle's first foray into automation, is a robo...
2023-10-03 22:29:40
Beyonce Renaissance concert film to boost box office
Movie theaters will become a Bey Hive this December. Hot off the heels of a distribution deal to bring Taylor Swift's filmed Eras Tour to cinemas, has partnered with Parkwood Entertainment to bring a documentary on Beyonce's Renaissance alb...
2023-10-03 22:29:35
U.S. Latino economic output grows to $3.2 trillion, new study says
The California Latino economy alone would rank as the 21st largest economy in the world, between Poland and Switzerland, according to LDC's analysis. In Latino emerging markets, South Dakota, North Dakota and New Hampshire have seen a surpr...
2023-09-29 21:48:12
Mortgage demand shrinks as interest rates hit nearly 23-year high
Mortgage interest rates just hit a level not seen since the year 2000. As a result, mortgage demand is now sitting near a 27-year low. Total mortgage application volume fell 1.3% last week compared with the previous week, according to the M...
2023-09-29 21:48:06