Finance

General Motors pulled its profit and EV guidance for 2023 as costs related to the UAW strike now reach $200 million every week, the automaker confirmed.

Coca-Cola lifted its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, Atlanta-based company posted on Tuesday.

Amazon’s latest delivery drone, the MK30, can deliver packages weighing up to five pounds to customers through light rain in under an hour, the company announced.

Sky-high budget deficits are outpacing the last fiscal year by almost 25% as interest costs on federal debt rise, outpacing 2021's $2.8 trillion gap.

American Airlines reported an adjusted profit of 38 cents per share for the quarter ended Sept. 30, beating analysts' average estimates of 25 cents per share.

Rolls-Royce is reducing its global staff by 2,000 to 2,500 employees to create a more agile business, the company, which employs 6,000 Americans, said Tuesday.

Philadelphia Fed President Patrick Harker said that he believed the central bank could hold rates where they are if economic and financial conditions evolve as they have been.

The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.

Treasury Secretary Janet Yellen said the U.S. can "absolutely" afford to provide military aid to Ukraine and Israel in their respective wars.

The Federal Reserve is unlikely to raise interest rates in November, and there is a minimal chance they will do so in December, according to the Mortgage Bankers Association Chief Economist Mike Fratantoni.

When it comes to growing your savings, creating goals and paying down debts are two important steps to take toward a financially secure future.

Microsoft completed its $69 billion acquisition of Activision Blizzard after clearing a series of regulators’ hurdles since the deal was first announced in January 2022.

The U.S. on Thursday imposed the first sanctions on owners of tankers carrying Russian oil above the G7 price cap of $60 a barrel, one based in Turkey and one in the UAE.

Treasury Secretary Janet Yellen said the Biden administration could tighten its sanctions against Iran following the Hamas militant attacks on Israel.

Iran's support for Hamas has prompted scrutiny of the $6 billion in Iranian funds unfrozen by the Biden admin as part of a prisoner swap in the wake of Hamas' attack on Israel.

The United Auto Workers strike against Ford, General Motors and Stellantis is entering its fourth wee, and Wall Street investors eye earnings from JPMorgan, Blackrock and PepsiCo.

GM reportedly has at least 20 million vehicles built with an airbag part that the National Highway Traffic Safety Administration says is potentially dangerous.

A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.

Citigroup managers are in the process of reviewing staff rosters ahead amid a restructuring that will be announced in November, according to a memo seen by Reuters.