Business

In this article DD MMM Follow your favorite stocksCREATE FREE ACCOUNT Just outside of Bangor, Maine — the hometown of renowned horror author Stephen King — more than 500 students, faculty and staff arrive at Hermon High School each day.  But since November, they can no longer drink the water. All the fountains are taped

Worker labors on a production line at the factory of Qilu Pharmaceutical in Haikou, Hainan province of China, February 11, 2022. Su Bikun | VCG | Getty Images The U.S. Food and Drug Administration has authorized the temporary importation of an unapproved chemotherapy drug from China in effort to ease an acute shortage of cancer

A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. Michael Wayland / CNBC DETROIT — The automotive and logistics industries are no strangers to robots. They’re among the most heavily invested

West Coast ports are shutting down as union workers “no show” after a breakdown in negotiations with port management. The Port of Oakland was shut down Friday morning due to insufficient labor for terminal operations, a stoppage that is expected to last at least through Saturday. A source close to the situation told CNBC the

In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel — Buy Buy Baby — may live to see another day.  The baby gear retailer is drawing interest from at least two bidders as its

Francesco Riccardo Iacomino | Moment | Getty Images Persistent inflation and higher interest rates have strained many household budgets, and consumers are shying away from some purchases such as home improvement projects or apparel. But millions of U.S. consumers aren’t giving up their vacations. A Deloitte survey from last month found that 50% of respondents

In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Boeing employees work on the company’s Starliner capsule in preparation for the first crew flight test, Jan. 19, 2023. John Grant / Boeing Boeing is further delaying the first crewed launch of its Starliner spacecraft after discovering additional issues with the capsule, the company announced

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht is about to get some help running his news network from a longtime close confidant of Warner Bros. Discovery chief executive officer David Zaslav. Licht has hired David Leavy as CNN’s

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Walmart is swapping out plastic mailers for paper mailers that customers can recycle. Walmart BENTONVILLE, Ark. —‎‏ Shoppers who click the “buy” button on Walmart‘s website and pick up items curbside will soon spot a difference: new packaging. The nation’s largest retailer will roll out

In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan.  Justin Sullivan

In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida.  Joe Raedle | Getty Images American Airlines raised its adjusted earnings outlook for the second quarter thanks to strong travel demand and lower fuel prices. Adjusted per-share

Travelers arrive for flights at O’Hare Airport on May 25, 2023 in Chicago, Illinois. Scott Olson | Getty Images Memorial Day air travel surpassed pre-Covid pandemic levels, showing how consumers continue to shell out for trips despite persistent inflation. The Transportation Security Administration screened 9.79 million people from Friday through Monday, up slightly from the

In this article NFLX 4755.T-JP WBD Follow your favorite stocksCREATE FREE ACCOUNT Scene from “Squid Game” by Netflix Source: Netflix The popularity of Netflix‘s hit drama “Squid Game” and other Korean series, as well as the recent success of films like “Minari” and “Everything Everywhere All At Once,” has helped boost the demand for Asian

In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, CEO, Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, California, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a

In this article NFLX WBD DIS CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Disney+ logo is displayed on a TV screen in Paris, December 26, 2019. Chesnot | Getty Images Streaming was supposed to be forever. That was the promise of a digital library of movies and TV shows. Consumers got used to Netflix

A waitress delivers sushi orders at Masa Hibachi Steakhouse & Sushi in Silver Spring, Maryland. Bill O’Leary | The Washington Post | Getty Images Warmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers’ minds — and wallets. “I think operators are still hopeful

In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Jennifer Lorenzini | Reuters The Food and Drug Administration on Thursday granted full approval to Pfizer’s Covid antiviral pill, Paxlovid, for adults who are at high risk of getting severely sick with the virus. Paxlovid is specifically advised for the treatment of mild to moderate

Handout | Getty Images Entertainment | Getty Images Despite its battle with Gov. Ron DeSantis, Disney remains committed to the state of Florida. The media and theme park juggernaut is set to invest $17 billion in central Florida’s Walt Disney World hub over the next decade, which includes the potential creation of 13,000 jobs. Those

In this article CG Follow your favorite stocksCREATE FREE ACCOUNT Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023. Gabby Jones | Bloomberg | Getty Images JPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of the move. The cuts