Economy

Volkswagen plans to cut 15% of its workforce and close four German plants, report says

liberal

Volkswagen plans to cut 15% of its workforce and close four German plants, report says

Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.

2 months ago

economy

Red Lobster's Ultimate Endless Shrimp promotion described as a 'car crash' for the company, lawsuit says

liberal

Red Lobster's Ultimate Endless Shrimp promotion described as a 'car crash' for the company, lawsuit says

"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said

2 months ago

economy

How much? The hidden costs of restaurant dishes

liberal

How much? The hidden costs of restaurant dishes

Two chefs lift the lid on the expensive business of creating menus they love

2 months ago

economy

Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents

liberal

Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents

Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.

2 months ago

economy

Oil slides nearly 2% as markets look past fresh Iran tensions and focus on supply outlook

liberal

Oil slides nearly 2% as markets look past fresh Iran tensions and focus on supply outlook

Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.

2 months ago

economy

Goldman says private credit may invest a lot of `dry powder' in this sector

liberal

Goldman says private credit may invest a lot of `dry powder' in this sector

Private credit may use its sizable amount of "dry powder" to combat potential financing market dislocations in this sector, according to Goldman Sachs.

2 months ago

economy

CNBC Daily Open: Oil Worries Flare as Tech's Winners Split From the Pack

liberal

CNBC Daily Open: Oil Worries Flare as Tech's Winners Split From the Pack

Renewed Middle East tensions are in focus, after Iran reportedly attacked a cargo ship, OPEC faces potential exit of Iraq, and Iran and the U.S. disagree over funds use.

2 months ago

economy

Friday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session

liberal

Friday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session

On Thursday, the Nasdaq Composite fell for a fourth straight day as shares of Apple and Microsoft slid.

2 months ago

economy

FedEx Freight takes a step forward in its independent journey. Here's why we like the stock

liberal

FedEx Freight takes a step forward in its independent journey. Here's why we like the stock

FedEx Freight had plenty of encouraging things to say on its first earnings call as a standalone company.

2 months ago

economy

Crown Estate Makes Over £1 Billion Profit for Third Consecutive Year

liberal

Crown Estate Makes Over £1 Billion Profit for Third Consecutive Year

King Charles’s property management firm, The Crown Estate, reports £1.2 billion in profit, largely driven by the booming offshore windfarm industry.

2 months ago

economy

Ariel’s John Rogers likes these small-cap names as the market rally broadens

liberal

Ariel’s John Rogers likes these small-cap names as the market rally broadens

Ariel Investments' John Rogers highlighted for-profit education company Covista as a small-cap stock he's currently bullish on.

2 months ago

economy

Small-caps are booming this year. Here are some of Wall Street's top smaller picks

liberal

Small-caps are booming this year. Here are some of Wall Street's top smaller picks

Small-cap stocks are on pace to notch their best first half of the year since 1991, and TD Cowen and Bank of America have ideas about how to play the trend.

2 months ago

economy