Opinion: The Dodgers are getting Shohei Ohtani for a steal
“A once-in-a-generation baseball player signs a once-in-a-generation subpar contract.” Sports fans were anxiously waiting to hear where Shohei Ohtani, the once-in-a-generation two-way baseball superstar, would sign his next contract, now that he had served his time with the hapless Los Angeles Angels. (During his six years with the Angels, they won 46% of their games […]
GM to lay off 1,300 Michigan workers as vehicles end production
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT — General Motors plans to lay off about 1,300 workers in Michigan starting early next year due to vehicles they produce […]
Are there ways to give to charity and keep the money in the family?
Dear Dan, This time of year, I read article after article about charitable donations. That makes sense with the Dec. 31 tax deadline approaching but most seem to be about donations that take the assets out of the family’s hands entirely. Are there ways to give to charity and keep the money in the family? […]
Delta beefs up Austin flights in battle for fast-growing airport
Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the […]
Citigroup employees told they can work remotely until new year
Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely from anywhere in their country of employment from Monday to Dec. 29, a Friday, making this week the last in-person experience this year for many staffers, according to people with […]
Activision Blizzard to pay $55 million to settle California civil-rights lawsuit
Videogame maker Activision Blizzard has agreed to pay nearly $55 million to settle a California civil-rights lawsuit brought over complaints of sexual harassment, discrimination and pay disparities by women employees that helped trigger the company’s acquisition by Microsoft. The settlement, announced by the California Civil Rights Department on Friday, resolves the lawsuit filed against the […]
Pro pickleball players form collective amid pay cuts, merger
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio. Emilee Chinn | Getty Images Dozens of professional pickleball players have formed a collective to voice their concerns about recent pay cuts and the future of the sport. In a letter obtained by CNBC, the collective shared their dissatisfaction with […]
This is what we can expect to see from meme stocks in 2024
It may be a couple of years since the meme-stock feeding frenzy hit its heights, but we’re still seeing occasional bursts of meme-like activity in number of stocks. No discussion of meme stocks would be complete without OG AMC Entertainment Holdings Inc. AMC, -0.89%. But while the movie theater chain and original meme stock darling […]
Shipping giants Hapag-Lloyd and Maersk pause Red Sea travel
The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership “Berlin Express” at Burchardkai in the Port of Hamburg. Marcus Brandt | Picture Alliance | Getty Images Two shipping giants, Hapag-Lloyd and Maersk, are pausing their travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East following a […]
Kimberly-Clark’s stock hit by BofA downgrade, while Clorox gets an upgrade
Kimberly-Clark Inc.’s stock fell 1.5% Friday, after BofA Securities downgraded the stock to underperform from neutral and said the outlook for the company’s profit margins is uncertain. Analysts led by Anna Lizzul cut their stock price target to $115 from $135. “Through 2023, we have seen margin expansion due to benefits from pricing, cost savings, […]
