A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street […]
Rivian plans to lay off more than 600 workers Read More »
American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher. American expects to Earn between 45 cents and 75 cents per share in the fourth quarter, above the 31 per share cents analysts expected. That
American Airlines profit forecast for the rest of the year tops estimates Read More »
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United. American ousted its former chief commercial officer, Vasu
American hires industry veteran to lead commercial team as profits trail rivals Read More »
A “for rent” sign is posted in front of a home on Dec. 12, 2023 in Miami, Florida. Joe Raedle | Getty Images Rents for single-family residential homes rose just 1.4% in August compared with the year before, according to analytics and data firm Cotality, down from a 2.3% annual gain in July. That’s also
Single-family rent growth just hit the lowest level in 15 years, new report finds Read More »
Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland. Roberto Schmidt | AFP | Getty Images The majority of would-be homebuyers expect mortgage rates to continue their recent decline, and it’s one of the main reasons why they’re waiting to make a purchase, according to the
Most potential homebuyers expect mortgage rates to drop. That’s why they’re waiting Read More »
As many retailers look for ways to shrink store counts and square footage, Dick’s Sporting Goods is going bigger. The retailer is building more sprawling “House of Sport” stores, which typically come in at 120,000 to 150,000 square feet, more than double the 50,000 for its traditional locations. The sporting goods company believes it’s working.
As many retailers shrink their footprints, Dick’s Sporting Goods goes big Read More »
Starbucks Workers United is kicking off a strike authorization vote Friday, as the union representing baristas makes a bid to secure a contract with the coffee giant. The union also said it is planning a wave of rallies and pickets across the country with its baristas and allies. Voting on authorizing a strike at unionized
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A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines on Wednesday posted a surprise profit for the third quarter and said it expects to generate record sales in the last three
Southwest beats earnings estimates, forecasts record revenue for current quarter Read More »
The National Hockey League said Wednesday it’s reached a multi-year licensing agreement with prediction markets Kalshi and Polymarket. More sports leagues may be coming soon. Tarek Mansour, Kalsh’si co-founder and CEO, told CNBC’s “Squawk Box” the deal marked a “seminal moment” for prediction markets and the company. “A league like the NHL partnering with us
NHL strikes first-ever deal with prediction markets Kalshi and Polymarket Read More »
A screen displays that trading is halted for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE), May 4, 2023. Brendan McDermid | Reuters Western Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked
