GM cutting hundreds of jobs to reduce costs
General Motors is cutting some executive and salaried jobs in an effort to cut costs and streamline operations.
Amazon employees will be able to use stock as collateral for home loans
Amazon historically has given less cash compensation to employees than its big-tech peers and tried to make up the difference with restricted stock units.
Target CEO gives cautious outlook after sales, profits improve
Target reported an increase in sales and revenue for the fourth quarter but CEO Brian Cornell is not as optimistic about the current environment.
Warren Buffett slams critics of stock buybacks after Democrats' scrutiny: 'Economic illiterate'
Billionaire Warren Buffett, chairman and CEO of Berkshire Hathaway, pushed back on opponents of corporate stock buybacks in his annual letter to shareholders.
Boeing shares drop as 787 Dreamliner issues expand
The Boeing Company has stopped the delivery of its 787 Dreamliner after the company found an analysis error related to a fuselage component by supplier Spirit AeroSystems.
Bank of America totaled $1.2 billion in penalties, settlements in 2022
Bank of America recorded $1.2 billion in fines, settlements and expenses in 2022, topping the costs paid the previous two years.
Nvidia shares soar day after Intel cuts dividend
Chipmaker Nvidia’s shares are up on Thursday after the company reported better-than-expected quarterly earnings on Wednesday and rival Intel slashed its shareholder dividend.
Norfolk Southern’s Ohio train cost cleanup minimal as Buttigieg tours region
U.S. Transportation Secretary Pete Buttigieg will visit East Palestine, Ohio on Thursday following the derailment and spill of hazardous materials of a Norfolk Southern (NSC) freight line.
Norfolk Southern becomes third railroad to offer paid sick time
Norfolk Southern became the third railroad on Wednesday to make sick time available to workers, an issue in the last contract negotiations.
Walmart sells Moosejaw to Dick's Sporting Goods
Dick’s Sporting Goods will purchase outdoor outfitter Moosejaw from Walmart for an undisclosed amount.
Jeep maker Stellantis to hand $4.5B to shareholders
Stellantis and other car makers have had to contend with supply chain snags caused by the war in Ukraine and a surge in Covid-19 infections in China, a key car market.
Intel slashes dividend
The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.
Musk's $55B pay package continues to be scrutinized in court
Attorneys on Tuesday argued that Elon Musk's 2018 pay package worth a potential $55 billion should be invalidated.
US stocks are in 'death zone' and could sink 26%, Morgan Stanley warns
The stock market likely faces further losses later this year as the Federal Reserve holds interest rates at an elevated level, according to Morgan Stanley analysts.
Walmart curbs losses despite company’s ‘cautious’ 2023 outlook
The worlds largest retailer, Walmart, lowered its economic outlook on concerns about margins as consumers shop for bargains in a high inflationary environment.
Home Depot warns of weak 2023 profit as rising prices hurt demand
Demand for home improvement tools such as paint and flooring is now cooling as consumers cut back spending, setting the company up for a challenging 2023.
Walmart sees weaker 2023 results, cautious on economic outlook
Walmart investors have been keenly eyeing the retailer's efforts to negotiate better prices from its suppliers and ward off competition from rivals such as Target Corp.
Wall Street awaits Walmart’s inflation update
Walmart earnings ahead of the opening bell on Wall Street Tuesday expected to be inflation barometer as company calculates consumer staple sales from quarter.
Amazon stock drop has workers facing pay squeeze
Corporate employees for tech-giant Amazon will see a 15-50% drop in salaries in 2023 due to the stock’s underperformance in 2022.
JPMorgan warns stock rally will fizzle with Fed fallout 'still ahead of us'
The stock market likely faces further losses later this year as higher interest rates work their way through the economy, according to JPMorgan strategists.



















