U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
Read More Wall Street tumbles as yields jump; Verizon slides
Category: Business
Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.
Read More Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Spirit AeroSystems will tell employees that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space
Read More Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Strong discretionary spending lifts US retail sales in September
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.
Read More Strong discretionary spending lifts US retail sales in September
FTC takes on subscription traps with ‘click to cancel’ rule
The FTC adopted a final rule requiring businesses to make it as easy to cancel subscriptions and memberships as it is to sign up.
Read More FTC takes on subscription traps with ‘click to cancel’ rule
Boeing factory workers to rally in Seattle as strike enters second month
Boeing factory workers will hold a large rally in Seattle to demand a better wage deal, plunging the troubled planemaker further into financial crisis.
Read More Boeing factory workers to rally in Seattle as strike enters second month