Planet Fitness shares sink after board ousts CEO
Chris Rondeau, CEO of Planet Fitness Adam Jeffery | CNBC In a move that stunned investors and employees alike, Planet Fitness ousted company veteran Chris Rondeau from his post as CEO, the workout chain said Friday in a press release. The stock dropped 15% in the wake of the announcement, hitting a 52 week low. […]
Treasury yields extend rise as autoworkers go on strike
Treasury yields rose Friday morning, extending moves seen in the prior session, as the United Auto Workers went on strike, raising concerns about a return of price pressures in the auto sector. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 5.016%, up less than 1 basis point from 5.011% on Thursday. The yield […]
Treasury yields extend rise as autoworkers go on strike
Treasury yields rose Friday morning, extending moves seen in the prior session, as the United Auto Workers went on strike, raising concerns about a return of price pressures in the auto sector. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 5.016%, up less than 1 basis point from 5.011% on Thursday. The yield […]
How to decide whether to get them together
Pharmacist Ani Martirosyan administers an immunization to a patient at a CVS on Tuesday, Sept. 12, 2023 in Glendale, CA. Brian Van Der Brug | Los Angeles Times | Getty Images For the first time ever, vaccines for Covid, the flu and respiratory syncytial virus are available in the U.S. Public health officials are urging […]
H&M shares fall as retailer misses sales expectations; CAC 40 leads advance
H&M shares slumped Friday as the Swedish retail chain missed expectations for sales growth in a quarter in which it said it focused on profitability. H&M stock HM.B, -4.62% dropped 4% in early action, though it has rallied 47% this year. In a brief statement, H&M said fiscal third-quarter sales in local currencies was “flattish,” […]
H&M shares fall as retailer misses sales expectations; CAC 40 leads advance
H&M shares slumped Friday as the Swedish retail chain missed expectations for sales growth in a quarter in which it said it focused on profitability. H&M stock HM.B, -4.62% dropped 4% in early action, though it has rallied 47% this year. In a brief statement, H&M said fiscal third-quarter sales in local currencies was “flattish,” […]
Everything you need to know
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union is preparing to conduct unprecedented, targeted strikes against Ford Motor, General Motors and Stellantis […]
UAW strike hits Ford, GM, Stellantis plants
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – Thousands of members of the United Auto Workers went on strike at three U.S. assembly plants of General Motors, Ford Motor and Stellantis, after the union and the automakers failed to […]
China’s industrial production, consumption improved in August
China’s industrial production and consumption improved in August, while investment continued to lose momentum despite Beijing’s increased efforts to stimulate growth. Industrial production expanded 4.5% from a year earlier in August, up from the 3.7% increase in July, the National Bureau of Statistics said Friday. The result beat the 4.1% growth expected by economists in […]
JPMorgan to offer online payroll services
Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses. Courtesy: Kelly Boynton | Gusto JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing, CNBC has learned. The bank has picked San Francisco-based fintech player Gusto to […]
