News
Novo Nordisk raises full-year outlook
On Friday, drug manufacturer Novo Nordisk announced it has raised its outlook for full-year operating profit and sales. The move...
Health care union reaches tentative deal with Kaiser Permanente
On Friday, health care operator Kaiser Permanente reached a tentative deal with the coalition of unions representing approximately 75,000 of...
Dollar General brings back former CEO Todd Vasos
Variety discount chain Dollar General is bringing back its former CEO Todd Vasos, the company announced Thursday. Vassos previously served...
SAG-AFTRA and Hollywood studio negotiations reach standstill
Late Wednesday evening, the Alliance of Motion Picture and Television Producers announced that its negotiations with Screen Actors Guild-American Federation...
US mortgage rate hits 7.57%
The U.S. mortgage rate rose to a new record this week, with the 30-year fixed-rate mortgage reaching an average of...
Flexport to layoff 20% of workforce
In a company wide memo, supply chain logistics company Flexport announced its plans to lay off 20% of its staff...
LVMH stock dips following sales growth slowdown
Luxury conglomerate Moët Hennessy Louis Vuitton’s shares fell on Wednesday following news of the company’s slowing sales growth. LVMH shares...
Birkenstock closes 13% down on first day of IPO
German shoe manufacturer Birkenstock officially debuted on the New York Stock Exchange on Wednesday, trading under the ticker “BIRK.” However,...
Chipotle announces new product price hike
Fast casual burrito chain Chipotle is raising its prices again, the company announced in a statement Wednesday. “For the first...
UAW expands strike to Ford’s biggest factory
On late Wednesday night, the United Auto Workers labor union announced the expansion of its strike against automaking giant Ford,...
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