Month: March 2025
Trump’s tariffs could quickly cut North American auto production by a third
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — Roughly a third of vehicle production in North America could be cut by next week as a […]
Read More
Starbucks poaches Nordstrom CFO as executive shake-up continues
Cathy Smith in 2019. Mark Lennihan | AP Starbucks announced Tuesday that Nordstrom Chief Financial Officer Cathy Smith will join the company as its new CFO, replacing longtime veteran Rachel Ruggeri. The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning […]
Read More
Stocks making the biggest moves midday: Best Buy, Walgreens Boots Alliance, Tesla, Okta and more
Check out the companies making headlines in midday trading: Okta — Shares surged 18% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on revenue of $682 million, while analysts polled by LSEG expected 74 cents in earnings per share and $670 million […]
Read More
Southwest Airlines closing 2 more crew bases in cost-cutting push
A Southwest Airlines aircraft at a gate at Austin-Bergstrom International Airport in Austin, Texas, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Southwest Airlines is closing two more crew basis amid its cost-cutting push that has also led to its first mass layoffs in its more than 50 years of flying. The airline […]
Read More
Investors who bet on ‘Trump-lite’ get burned as hefty tariffs rock markets
Investors are finally taking President Donald Trump’s tariffs seriously, with the result being some ugly consequences for stocks. Stocks have chugged along since the election, even notching fresh all-time highs, as the “Trump-lite” narrative — as JPMorgan’s Maia Crook called it Monday — led to investor confidence that the current administration’s pro-growth policies would more […]
Read More
‘Music to our ears’: Qualcomm CEO welcomes TSMC’s $100 billion investment to boost U.S. chipmaking
Taiwan Semiconductor Manufacturing Co.‘s $100 billion commitment to expand manufacturing in the U.S. is “great news,” Qualcomm CEO Cristiano Amon told CNBC on Tuesday, adding it helps with diversification of chipmaking locations. Amon also addressed U.S President Donald Trump’s tariff policy, suggesting longer term technology trends would outweigh any short term uncertainty. Trump announced on […]
Read More
Aviation industry pushes Congress for air traffic improvements, more hiring
File photo shows the air traffic control tower at Chicago’s Midway International Airport. M. Spencer Green | AP Aviation industry members on Tuesday again urged lawmakers for newer air traffic control technology and more hiring of air traffic controllers as airlines continue to complain about longtime shortfalls, while air travel demand has boomed. Their testimony […]
Read More
As Europe ramps up defense spending, Thales CEO presses for the money to stay in the region
Europe should “take its destiny in its own hands” and strive to keep new defense budgets within its own borders, according to the chief executive of French defense giant Thales. The European Union plans to mobilize as much as 800 billion euros ($841 billion) to ramp up defense spending. The announcement came after the U.S. […]
Read More
Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030
Target plans to double down on its third-party marketplace, media network and same day delivery services to drive more than $15 billion in revenue growth over the next five years, it said Tuesday at an investor meeting in New York City. The retailer’s plans to grow its business and better compete against rivals like Walmart […]
Read More
UConn star Paige Bueckers touts financial literacy as NIL boosts women’s sports
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women’s Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024. Steph Chambers | Getty Images University of Connecticut star Paige Bueckers, on the cusp of becoming […]
Read More