Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
Lawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn't use forced labor after the retailer confidentially filed to go public.
McDonald’s investor day is Wednesday. Expect to hear about expansion, tech and China
Shares of McDonald's have risen just 8% this year, trailing the S&P 500's 19% gains.
Free ChatGPT may incorrectly answer drug questions, study says
The study shows that patients and health-care workers should be cautious about relying on OpenAI's viral chatbot for drug information, the lead author said.
Alaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
The Justice Department has challenged a host of deals, including two airline partnerships in recent years.
Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal
Alaska Airlines and Hawaiian Airlines will operate from Seattle, led by Alaska Airlines CEO Ben Minicucci
Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers
Retailers got a boost from cooler temperatures, deep discounts and more online shopping over the five-day holiday weekend.
Pfizer’s twice-daily weight loss pill joins a long list of obesity drug flops
Before successful weight loss treatments such as Wegovy and Ozempic, the pharmaceutical path to treating obesity was strewn with failures dating back decades.
Media stocks jump after report says Apple, Paramount are discussing streaming bundle
Warner Bros. Discovery and Paramount Global shares jumped Friday.