Check out the companies making headlines in after-hours trading. Nucor — Shares slid 6.3% after the steelmaker's first-quarter results fell short of estimates and it issued a lackluster second-quarter outlook. First-quarter earnings of $3.46 per share fell below the FactSet consensus estimate of $3.67 in earnings per share. Revenue...
Pedestrians walk past a Coach store and a Michael Kors store.Scott Olson | Getty ImagesThe U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry.The move by regulators brings at least a temporary halt to a...
Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023. Juliette Michel | AFP | Getty ImagesBoeing told employees on Monday that it expects a slower increase in production and deliveries of new 787 Dreamliner planes because of supplier shortages of...
Real estate is increasingly a tale of two markets — a luxury sector that's booming, and the rest of the market that continues to struggle with higher rates and low inventory.Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet luxury real estate sales...
Dr. Jordan Shlain, founder of Private Medical.Credit: Jordan ShlainA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.When people ask Dr. Jordan Shlain to describe his medical...
The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023.Michael M. Santiago | Getty ImagesAaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo.LaBerge is taking...
Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 million expansion of its warehouse facility. Founders Fund and A* Capital also participated...
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty ImagesDETROIT – The United Auto Workers notched a big win this weekend.Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW –...
