Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
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Disney+ adding Hulu integration as streaming bundles accelerate
Disney had previously offered a bundle of Disney+ and Hulu, but Wednesday’s release is part of a push to integrate the two platforms.
Continue readingMortgage refinance demand jumps 14% as rates fall to lowest point since August
After hitting 8% in October, the rate for the popular 30-year mortgage is heading back down toward 7%.
Continue readingWalmart CEO says consumers may not be as resilient next year, even as deflation starts to show
In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling […]
Continue readingMcDonald’s aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027
After 2024, McDonald’s is targeting systemwide sales growth of 2.5% in constant currency.
Continue readingAmazon says its first Project Kuiper internet satellites were fully successful in testing
Amazon plans to begin building the first production Kuiper satellites in December and launch the first satellites for its network in mid-2024.
Continue readingHow an F1 spending cap made racing teams more investable
A more predictable balance sheet makes it easier to bring new sponsors on board.
Continue readingMacy’s stock pops as inventory, margin improvement help profit beat estimates
Macy’s earnings easily topped Wall Street’s expectations.
Continue readingStarbucks workers file more labor complaints with NYC as union goes on largest-ever strike
Baristas at more than 200 Starbucks locations are striking on Red Cup Day, a busy promotion for the coffee chain.
Continue readingWalmart will report earnings before the bell. Here’s what to expect
The discounter has fared better than other retailers because of its low-price reputation and big grocery business.
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