A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours […]
Companies — profitable or not — make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software […]
Pilots got their payday. Now flights attendants are pushing airlines for higher wages
CHICAGO, ILLINOIS – JANUARY 24: American Airlines workers picket at O’Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional […]
Tuesday's analyst calls: McDonald's gets a downgrade, UBS sees 25% upside for delivery giant
(This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A fast food giant was in […]
Wall Street is barreling toward a big week ahead with mega-cap earnings, Fed meeting in focus
Next week is shaping up to be the most important one of 2024 thus far for Wall Street. Investors are headed into the thick of earnings season, with results on […]
Southwest Airlines pilot pay would increase 50% under new labor contract
Southwest Airlines ranked as the second-best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines and its pilots’ union have reached a […]
UPS to hire 100,000 holiday workers with Teamsters pay bump
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC UPS plans to hire more than 100,000 seasonal workers again this year to support […]
More companies, especially airlines, warn higher costs will eat into profits
An American Airlines 787 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC More companies are warning that a surge in the cost of fuel and employee pay hikes […]
Labor unions are pushing hard for double-digit raises and better hours. Many are winning
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC From writers’ rooms to […]
UPS workers approve massive new labor deal with big raises
David Paul Morris | Bloomberg | Getty Images UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the […]