Month: October 2024
‘Joker: Folie a Deux’ is this year’s latest box-office flop. Here’s what else has disappointed
Joaquin Phoenix stars as Arthur Fleck in “Joker: Folie a Deux.” Warner Bros. Warner Bros. took a big swing with “Joker: Folie a Deux.” It’s turned into a big whiff. After the billion-dollar success of “Joker” in 2019 on a shoestring budget of just $55 million, the studio greenlit a sequel, offering director Todd Phillips […]
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Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Nick Oxford | Reuters Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, […]
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Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more
Check out the companies making headlines before the bell. Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93 […]
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Bradley Tusk on potential Uber-Expedia acquisition: The company needs to keep expanding
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Bradley Tusk, Tusk Ventures CEO, joins ‘Squawk Box’ to discuss news of Uber considering a bid for travel booking company Expedia, antitrust concerns, impact of the 2024 election on the possible deal, and more. Source
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Tesla faces NHTSA investigation of ‘Full Self-Driving’ after fatal collision
A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Mike Blake | Reuters Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning […]
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European markets rise day after ECB rate cut; Gucci-owner Kering climbs 5%
ECB and Fed will be ‘fairly synchronized’ when it comes to pace of rate cuts, portfolio manager says The European Central Bank and the U.S. Federal Reserve will likely cut interest rates at a relatively similar pace as their respective rate cutting cycles are underway, Konstantin Veit, portfolio manager at Pimco, told CNBC’s “Street Signs […]
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CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer
A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Faith Ninivaggi | Reuters Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS […]
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Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
Boxes of Bounce dryer sheets owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty Images Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. Shares of the company were flat in […]
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The commercial real estate recovery is on, but the rebound may be uneven
A commercial building available for rent in Melville, New York, April 17, 2023. Howard Schnapp | Newsday | Getty Images The tide could be turning for commercial real estate. The Federal Reserve began its interest rate cutting cycle in September, lowering the Fed funds rate for the first time since 2020 by 50 basis points, […]
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Netflix shares jump 5% in premarket after third-quarter earnings beat
Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024. Beata Zawrzel | Nurphoto | Getty Images Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. […]
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