(Reuters) – Asset management giant BlackRock on Tuesday launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to…
Amazon sets ultra-low pricing plans for Temu rival store, The Information reports
(Reuters) – Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost…
GM sounds upbeat on profit after Q3 results exceed estimates
By Nora Eckert DETROIT (Reuters) -General Motors again surpassed Wall Street’s expectations this year, as its third-quarter results benefited from…
Starboard Value CEO says Pfizer’s board should hold management accountable
By Michael Erman and Svea Herbst-Bayliss NEW YORK (Reuters) – Activist hedge fund Starboard Value’s chief investment officer Jeffrey Smith…
US Cellular to sell select spectrum assets to Verizon for $1 billion
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon…
Exclusive-Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
By Allison Lampert and Mike Stone (Reuters) – Spirit AeroSystems will tell employees on Friday that it will furlough 700…
CVS replaces CEO, pulls profit forecast as investor pressure mounts
(Reuters) -CVS Health replaced CEO Karen Lynch with company veteran David Joyner on Friday and withdrew its 2024 profit forecast,…
Putin says BRICS, not the West, will drive global economic growth
By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) -The BRICS group will generate most of the global economic growth in…
Oil prices fall, on track for 8% weekly decline on China demand woes
By Georgina McCartney HOUSTON (Reuters) -Oil futures fell on Friday and were on track for a weekly drop of 8%…
Netflix beats earnings targets with 5 million new customers
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Netflix picked up 5.1 million streaming subscribers in the third quarter,…