UAW union files unfair labor charges against Stellantis
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images DETROIT — The United Auto Workers union on Monday said it had filed federal unfair labor practice charges against […]
Intel’s stock is shrugging off the chip sector’s weakness. Here’s why.
Intel says a new $3 billion government deal reflects the “continued progress” of its foundry business.
Charter rolls out new Spectrum pricing, internet speeds
Christopher L. Winfrey, CEO of Charter Communications. Courtesy: Charter Communications Charter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider. The cable giant told CNBC it is unveiling a series of changes Monday to bolster that goal, including rolling out new […]
Chipotle testing avocado-peeling ‘cobots’ or collaborative robots
Restaurant chain launches pilot programs for both its Autocado and Augmented Makeline.
GM, Hyundai to explore co-development of vehicles, manufacturing
Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas. Courtesy image DETROIT — General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key […]
Fed interest-rate cuts could boost stocks, or sink them. Here’s what history says.
A Federal Reserve interest-rate cut on Wednesday is looking all but certain. How stocks might react as the central bank loosens policy, however, remains very much up in the air.
Noom to offer GLP-1 drug through new weight loss program
Digital health company Noom on Thursday announced it will offer a compounded GLP-1 drug as part of a new weight loss product that starts at $149. The treatment will feature compounded semaglutide, the same active ingredient in Novo Nordisk’s blockbuster obesity and diabetes drugs Wegovy and Ozempic. Noom has offered weight loss programs for years, […]
‘Rather poor’ communication by the Fed blamed for creating doubt in the market about rate-cut path
Potential for whipsaw markets after Fed’s widely anticipated initial interest-rate reduction on Wednesday.
Junior Bridgeman buying stake in Milwaukee Bucks, team valued at $4 billion
Ulysses “Junior“ Bridgeman attends Day 2 of 2023 Invest Fest at Georgia World Congress Center on August 27, 2023 in Atlanta, Georgia. Paras Griffin | Getty Images Businessman and former NBA player Ulysses Lee “Junior” Bridgeman is buying a 10% stake in the Milwaukee Bucks, according to three sources familiar with the deal. The transaction […]
Berkshire’s stock hadn’t seen a losing streak like this in a decade and a half. What’s causing it?
An eight-day losing streak suggests shares had gotten overextended, and an executive’s recent stock sale adds a cautious data point on valuation.
