U.S. adds Hamas sanctions as crypto industry fights back against funding claims
The Treasury Department announced new sanctions Friday against Hamas in the wake of its attack on Israel earlier this month. The Biden administration’s sanctions target more than 20 individuals, companies and organizations located in Iran, Syria and elsewhere in the region for helping fund Hamas’ operations. “Today’s action underscores the United States’ commitment to dismantling […]
GM, UAW may be near labor deal after negotiating session
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar […]
High-yielding stocks have been the worst bet this year. Here’s one way to improve that.
Early skirmishing in futures suggests the S&P 500 may recover a small portion of the 2.6% it shed in just the last two sessions. Big tech has done most of that damage, but a pop for Amazon.com on Friday following its results may halt the carnage, for now. It’s turbulent times like these when dividend […]
Ford will postpone about $12 billion in EV investment
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a […]
Chipotle Mexican Grill (CMG) Q3 2023 earnings
Food is served at a Chipotle restaurant on in Chicago, Illinois. Scott Olson | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls. Shares of the company rose more than 2% in extended trading. Here’s what the company reported compared with […]
Jared Golden says opposing assault-weapons ban was a ‘misjudgment’ and ‘failure’
“‘I have opposed efforts to ban deadly weapons of war like the assault rifle he used to carry out this crime. The time has now come for me to take responsibility for this failure. ‘” — Rep. Jared Golden That’s Jared Golden, a Democrat who represents Maine’s second district — home to Lewiston, where a man […]
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft. The National Retail Federation escalated its campaign to rally support for the bill, known as the Combating Organized Retail Crime Act, which […]
Intel cheers foundry wins, AI traction, and its stock is roaring after earnings
Intel Corp. shares were popping nearly 8% in Thursday’s extended session after the chip maker delivered a rosy forecast, while talking up new customers for its foundry business and traction related to artificial intelligence. For the fourth quarter, Intel INTC, -0.94% anticipates $14.6 billion to $15.6 billion in revenue, whereas analysts were looking for $14.4 […]
Comcast’s lack of broadband growth bothers investors
Signage is displayed in the window of a Comcast Corp. Xfinity store in King Of Prussia, Pennsylvania. Charles Mostoller | Bloomberg | Getty Images Comcast has tried to move investors away from focusing on residential broadband net additions. The market reaction to the company’s third quarter results suggests that isn’t working. Comcast shares fell more […]
Ford Motor (F) earnings Q3 2023
2024 Ford F-150 Raptor Ford DETROIT — Ford Motor on Thursday missed Wall Street’s top- and bottom-line third-quarter expectations, as it continues to restructure its business operations and regroups following the end of a nearly six-week U.S. labor strike against the company. Shares of the company fell about 3% in after-hours trading. Due to the […]
