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Tag: business
Stellantis to invest €1.5 billion in Chinese EV manufacturer Leapmotor
Stellantis plans to invest about €1.5 billion in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late on Wednesday. ADVERTISEMENT The European-based maker of Jeep and Ram and Leapmotor…
‘A missile can come at any moment’: Ukrainian businesses defy uncertainty despite looming threats
Despite the ravages of war, businesses in Kramatorsk, a front-line city in Ukraine’s Donetsk region, are displaying considerable resilience. ADVERTISEMENT In a city where damaged buildings are everywhere, a destroyed…
McDonald’s revenue jumps 14% as Big Macs lure diners despite higher prices
McDonald’s reported better-than-expected sales in the third quarter as popular promotions brought in customers despite higher US prices. ADVERTISEMENT Global same-store sales — or sales at locations open at least…
Mortgage rates plunge and demand finally inches back
House for sale in Millbrae, California. Xinhua News Agency | Xinhua News Agency | Getty Images Mortgage rates saw the biggest one-week drop in over a year last week, causing…
Pharmacy walkout organizers launch national push to unionize staff
A small number of employees and supporters picket outside the headquarters of drugstore chain Walgreens during a three-day walkout by pharmacists in Deerfield, Illinois, November 1, 2023. Vincent Alban |…
Caesars reaches deal with Las Vegas union to avoid strike
The exterior of Caesars Palace Hotel and Casino is viewed in Las Vegas on Dec. 4, 2015. George Rose | Getty Images A strike is off the table for nearly…
Satellite imagery company BlackSky ekes out first quarterly profit
The company’s banner on the front of the New York Stock Exchange. BlackSky Satellite imagery venture BlackSky delivered its first quarterly profit Wednesday, as the company works to keep up…
Warner Bros. Discovery WBD Q3 earnings
David Zaslav, President & CEO of Discovery Inc. Anjali Sundaram | CNBC Warner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a wider-than-expected loss…
Rocket Lab (RKLB) Q3 earnings report
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce’s Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Valerie Plesch | Bloomberg | Getty…
