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Investing

Target says its holiday sales were better than expected — but its profits weren’t

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days…
Investing

JPMorgan Chase posts record profit as the bank’s massive scale pays off

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank…
Investing

Citibank customers report fraud alerts and account access issues

Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital…
Investing

Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face…
Investing

Disney wins the 2024 box office as year-end receipts offer a welcome boost

Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales were down…
Investing

There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in…
Investing

Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about…
Investing

USDA documented insects and slime at Boar’s Head plants, records show

Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a…
Investing

MSNBC President Rashida Jones steps down after four-year tenure

Rashida Jones, the president of MSNBC, announced Tuesday that she is stepping down after four years of steering the cable news network….
Investing

Comcast and Harris Blitzer to build NBA, NHL stadium in south Philadelphia

Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the…
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