People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver Lightrocket | Getty Images Target on Wednesday missed Wall Street’s quarterly earnings and revenue expectations and posted only a slight uptick in customer traffic, despite the discounter’s price cuts on thousands of items and its early holiday sale. The big-box…
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | reuters Comcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday. The separation is expected to take about a year, and an announcement from the…
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver Lightrocket | Getty Images Walmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up. Here’s what the discounter is expected to report for the fiscal third quarter, according to a survey…
Cars drive near an AMC Theater in New York City on March 29, 2023. Leonardo Munoz View Press | Corbis News | Getty Images The domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world’s largest movie theater chain, however, is not on such solid footing….
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to…
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024. Cooper Neill Getty Images The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books….
A hot fire test of an Archimedes engine, which powers the company’s Neutron rocket. Rocket Lab This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a “Trump-Elon trade,” a nod to the relationship between President-elect Donald Trump…
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the…
The new Wynn Casino and Lisboa Casino in Macao, China. Bob Henry Universal Images Group | Getty Images Billionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the US Securities and Exchange Commission. The filing indicates a passive position, though multiple people familiar with the matter…
Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated…
