Breaking News: Business Archives | Page 126 Of 149

Why this China-made BYD Shark pickup is drawing attention in the global truck market

BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made […]

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Target rolls back DEI initiatives, the latest big company to retreat

Business News

Customers exit a Target store on November 20, 2024 in Austin, Texas. Brandon Bell | Getty Images Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent to its employees, the Minneapolis-based retailer said

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Airlines flex pricing power, signaling higher fares in 2025

Business News

Travelers walk through O’Hare International Airport in Chicago on Dec. 20, 2024. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform Hopper this month said domestic “good deal”

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Boeing details losses from labor strike, new contract

Business News

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington. Lindsey Wasson | Reuters Boeing on Thursday released preliminary fourth-quarter financial results that were impacted by a nearly two-month labor strike and a new labor agreement last year,

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UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

Business News

UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023. Patrick T. Fallon | Afp | Getty Images UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. Noel

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Shein exec says tariffs shouldn’t impact its cheap clothes — as long as they’re applied ‘equally’

Business News

A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | Reuters Shein’s ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are “applied equally,” the company’s executive chairman Donald Tang said on Thursday. “Affordability is a big anchor. … It’s the whole

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Store closures hit highest level since pandemic — see who is shutting down the most locations

Business News

Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty Images Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ Dollars increasingly

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Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Business News

Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024. Justin Sullivan | Getty Images Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will impact employees at Adidas’s headquarters

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CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say

Business News

The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024. John Nowak | CNN | Via Reuters Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital

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American Airlines shares tumble as outlook falls short

Business News

An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down more than 10%. The carrier forecast an adjusted loss per share

American Airlines shares tumble as outlook falls short Read More »

Why this China-made BYD Shark pickup is drawing attention in the global truck market

Airlines flex pricing power, signaling higher fares in 2025

Boeing details losses from labor strike, new contract

Shein exec says tariffs shouldn’t impact its cheap clothes — as long as they’re applied ‘equally’

Store closures hit highest level since pandemic — see who is shutting down the most locations

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say

American Airlines shares tumble as outlook falls short

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