Ford to delay all-electric SUV to focus on hybrid vehicles
A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters DETROIT – Ford Motor is delaying production of a new all-electric large SUV and pickup truck, as it shifts to offer hybrid options across its […]
Many CVS drug plans will cover OTC birth control pill Opill at no cost
In this photo illustration, a package of Opill is displayed on March 22, 2024 in San Anselmo, California. Justin Sullivan | Getty Images CVS Health on Thursday said its drug plans will cover the first over-the-counter birth control pill in the U.S. at no cost for many health plan sponsors, a decision that could open […]
High-stakes jobs report has stock-market investors on edge. Here’s why.
Here’s what it might take for April jobs data to sink stocks — or spark a relief rally.
Paramount stock slumps on reports of equity raise for merger
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of […]
Goldman should separate chairman and chief executive roles, proxy adviser ISS says, in challenge to David Solomon
Institutional Shareholder Services is recommending shareholders vote in favor of a measure to separate the chairman and chief executive officer roles currently held by Goldman Sachs Group Inc.’s David Solomon in a challenge to the big bank’s leadership, Reuters reported.
Alaska Airlines says Boeing paid it $160 million for 737 Max 9 grounding
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024. NTSB | Via Reuters Boeing paid Alaska Airlines $160 million […]
California’s fast-food workers are now among the highest paid in the U.S. They still don’t make near enough to buy a house.
The typical home buyer would need to make nearly $200,000 a year to afford to buy in California, one analysis reveals.
Disney upends activist investor Nelson Peltz. Now it’s real work time
Bob Iger, CEO, Disney at the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho David A. Grogan | CNBC Disney shareholders overwhelmingly voted to keep the company’s current board intact during Wednesday’s annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install […]
Streaming platforms are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable. Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants […]
TSMC says critical chip-making equipment intact after Taiwan earthquake
TSMC said it was evaluating the impact of the earthquake on its operations.
