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Categories Business

Target says its holiday sales were better than expected — but its profits weren’t

January 17, 2025

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days

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Categories Business

JPMorgan Chase posts record profit as the bank’s massive scale pays off

January 17, 2025

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank

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Categories Business

Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

January 16, 2025

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about the

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Categories Business

Disney wins the 2024 box office as year-end receipts offer a welcome boost

January 16, 2025

Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales were down just

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Categories Business

There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

January 16, 2025

The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in

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Categories Business

USDA documented insects and slime at Boar’s Head plants, records show

January 15, 2025

Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a

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Categories Business

Southwest Airlines pauses corporate hiring, most summer internships to cut costs

January 15, 2025

Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date

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Categories Business

Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024

January 15, 2025

Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis

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Categories Business

MSNBC President Rashida Jones steps down after four-year tenure

January 15, 2025

Rashida Jones, the president of MSNBC, announced Tuesday that she is stepping down after four years of steering the cable news network. Jones,

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Categories Business

IAC approves spinoff of home improvement marketplace Angi

January 14, 2025

Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction

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