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Monthly Archives: August 2023

CVS Health to slash 5,000 jobs to save costs

A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022. Brendan Smialowski | AFP | Getty Images CVS Health is cutting 5,000 jobs to reduce costs as the retail pharmacy giant furthers its push into health-care offerings, a person familiar with the matter told CNBC on …

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US presidency of the UN Security Council

U.S. Representative to the United Nations Ambassador Linda Thomas-Greenfield speaks during a joint press conference before a UN Security Council meeting at the United Nations headquarters on June 23, 2023 in New York City. Michael M. Santiago | Getty Images WASHINGTON — The United States on Tuesday took the helm of the …

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Job openings, layoffs both declined in a positive sign for the labor market

Job vacancies and layoffs edged lower in June, according to a Labor Department report Tuesday that points to a stable labor market. Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million in May, the department said in its monthly Job Openings and Labor …

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What they are, how they work

News about mortgage rates comes out daily. But for most would-be homebuyers, up-to-the-minute financial information might not feel as important as the bigger-picture questions: How do mortgages work? What kind of mortgage is right for me? Will I ever be able to afford one? It makes sense to be thinking …

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Xpeng, Nio, Li Auto July electric vehicle deliveries rise

Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. VCG | Visual China Group | Getty Images Chinese electric car startups Xpeng, Nio and Li Auto on Tuesday posted vehicle …

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Some crypto assets are securities in Kwon Luna case: Manhattan judge

Hon Chang-joon, business partner of Do Kwon, the cryptocurrency entrepreneur who created the failed Terra (UST) stablecoin, is taken to court in Podgorica, Montenegro, March 24, 2023.  Stevo Vasiljevic | Reuters Cryptocurrencies are considered securities regardless of how they are sold, a Manhattan federal judge said in an opinion, allowing the …

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State Street is cutting fees on 10 funds worth more than $70 billion combined

Signage outside the State Street Corp. Global Advisors Global Advisors building in Boston, Massachusetts, U.S., on Tuesday, Jan. 18, 2022. Scott Eisen | Bloomberg | Getty Images Asset management giant State Street is reducing the fees investors pay for a group of core ETFs, the company announced Tuesday. The changes …

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Stocks making the biggest moves premarket: UBER, GAP, CAT

People walk by a Gap retail store on August 24, 2022 in Beijing, China. VCG | Getty Images Check out the companies making headlines before the bell on Tuesday. SoFi Technologies — The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market …

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JetBlue (JBLU) earnings Q2 2023

A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA. Tim Rue | Bloomberg | Getty Images JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations abroad and the carrier grapples with the end …

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Amazon rolls out its virtual health clinic nationwide

Amazon is rolling out its virtual health clinic service nationwide, the company announced Tuesday. The e-retailer launched the service, called Amazon Clinic, last November, touting it as a virtual platform for users to connect with health-care providers to treat common conditions like sinus infections, acne, and migraines. Users select their …

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