General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white-collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave few details. GM and other automakers have been navigating an uncertain transition…
BISMARCK, N.D. — North Dakota utility regulators granted approval on Friday for a span of a proposed carbon dioxide pipeline that would cross five Midwestern states — a key victory for the company that has faced vociferous landowner objections and various hurdles and setbacks in its plans. The state Public Service Commission voted unanimously to…
NEW YORK — U.S. stocks are falling Friday toward their worst loss since Election Day as the big bump Wall Street got from last week’s victory for Donald Trump and cut to interest rates by the Federal Reserve keeps fading. The S&P 500 sank 1.4% and was heading for a losing week and its worst…
People walk in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images All is well in the Magic Kingdom. Disney’s theme park division posted record revenue and profit in fiscal 2024, with revenues rising 5% for…
The billionaire owner of the Los Angeles Times said his paper has “conflated news and opinion” and doubled down on his promise to bring in more conservative voices to balance the left-leaning publication. Dr. Patrick Soon-Shiong — who sparked an internal revolt over his decision to kill the paper’s endorsement of Vice President Kamala Harris…
Jake Paul and Mike Tyson aren’t the only ones who have high stakes when they meet in the boxing ring on Friday night. For Netflix, it is their biggest live sports event to date, and an opportunity to make sure it can handle audience demand with the NFL and WWE on the horizon. The bout…
JPMorgan Chase CEO Jamie Dimon said Wall Street bankers, regardless of who they voted for, are “dancing in the street” over President-elect Donald Trump’s win as they anticipate he will loosen stringent regulations across the industry. “A lot of bankers, they’re like dancing in the street because they’ve had successive years and years of regulations,…
Donald Trump famously hates the so-called “fake news” media (don’t get him started on CNN). But he could be really good for media stocks. That’s because Lina Khan, the head of the Federal Trade Commission, is likely on her way out as soon as Trump takes office or shortly thereafter. Whoever replaces her will be much more…
Things might look gloomy at CNN with layoffs, salary cuts and a new digital programming model that may or may not work. But On The Money has learned that private equity firms have been crunching the numbers on a possible acquisition of the ratings-challenged network. Don’t exactly hold your breath for anything happening soon, my…
Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned. “I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an…
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