Business
Paramount to lay off 1,000 employees, with more cuts expected
The logo and lettering of Paramount Skydance Corporation can be seen at a Paramount stand at the Media Days in Munich (Bavaria, Germany). Matthias Balk | Picture Alliance | Getty Images Paramount Skydance is slashing nearly 1,000 jobs beginning on Wednesday, just months after the close of its merger, according to a person close to […]
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GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges
The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023. Gene J. Puskar | AP General Motors laid off roughly 1,700 workers at manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market. The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550 cuts […]
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Biotech beauty company Debut brings new ingredients, products to skincare market
A Debut Biotech petri dish. Courtesy: Debut Biotech In a lab tucked away in southern California, scientists at Debut Biotech are testing molecules using advanced biotechnology to create new skincare formulations. The San Diego-based company, founded nearly seven years ago, is pioneering new ingredients to specially target various aspects of skin health. One of the […]
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Boeing is set to report earnings before the bell. Here’s what Wall Street expects
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | AFP | Getty Images Boeing‘s jetliner deliveries drove it back into cash-positive territory for the first time in nearly two years but it took a massive charge on its long-delayed 777X wide-body plane. […]
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Why global investment firm Nuveen is betting on this niche real estate subsector
An open-air strip retail center in Richmond, Virginia. Courtesy of Nuveen A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign […]
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Lucid targets industry-first self-driving car technology with Nvidia
The Lucid display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Lucid Group is targeting a new goal that would make it the first automaker to offer highly advanced self-driving capabilities in its vehicles in the coming years, the company said Tuesday. The all-electric vehicle manufacturer […]
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Home prices lag inflation, meaning homeowners are losing out on their investment
Homes in the south suburban Chicago area on April 26, 2023. Brian Cassella | Tribune News Service | Getty Images A home is most Americans’ single largest investment. The returns are losing ground. Home prices nationally rose 1.5% in August compared with the same month last year, down from the 1.6% annual gain recorded in […]
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Wayfair stock rises 10% as earnings beat, revenue jumps
Online home goods company Wayfair reported a jump in third-quarter revenue on Tuesday, as it beat Wall Street estimates on the top and bottom lines. The company said total net revenue increased 8.1% year-over-year. Here’s how the company performed in its third quarter, compared with what Wall Street was expecting, based on a survey of […]
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UPS stock soars on third-quarter earnings beat, turnaround plan
A UPS worker pushes a cart in New York, US, on Monday, Oct. 27, 2025. Michael Nagle | Bloomberg | Getty Images United Parcel Service on Tuesday reported earnings that topped Wall Street’s estimates ahead of its busy holiday season. Shares of the package delivery giant surged 10% in premarket trading. Here’s how the company […]
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Lululemon is partnering with the NFL to release apparel for all 32 teams
Sign at the entrance to the Lululemon store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Lululemon is partnering with the NFL to launch an apparel collection featuring the logos of all 32 NFL teams. It will mark the first time the retailer has offered officially licensed products for the NFL or any […]
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