Disney plans targeted hiring freeze and job cuts, according to a memo from CEO Bob Chapek

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration a close-up of a hand holding a TV remote control seen displayed in front of the Disney+ logo. Thiago Prudencio | SOPA Images | LightRocket | Getty Images Disney plans to institute a targeted hiring freeze as well as some job…

Swedish EV maker Polestar reports lower operating loss, confirms full-year guidance

In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish electric-vehicle maker Polestar said Friday that its third-quarter operating loss narrowed from a year ago as revenue more than doubled, and it confirmed that it still expects to deliver 50,000 vehicles in 2022. But the company warned that higher costs…

Stocks making the biggest moves premarket: Tapestry, WeWork, Rivian and others

In this article BROS RIVN SIX WE 9866-HK TPR Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its full-year forecast for the impact of…

Stocks making the biggest moves midday: Walgreens, Coinbase, Duolingo, Ralph Lauren and more

In this article DOCS LZ IMAX RL DUOL COIN AMZN GM WYNN MCK VRTX HUM ELV CI NFLX BZH WBA Follow your favorite stocksCREATE FREE ACCOUNT A Walgreens store is seen on August 07, 2019 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Doximity — The online…

Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog

The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images The White House announced President Joe Biden intends to nominate Danny Werfel — a former budget official and private sector leader — to run the IRS as the agency prepares for a makeover. Prior to his current role at Boston Consulting Group, Werfel…

This midterm election outcome is ‘typically good for markets’: What investors can expect

Election workers open mail in ballots at the Maricopa County Tabulation and Election Center in Phoenix on Nov. 11, 2022. Justin Sullivan | Getty Images It may take until December to know which political parties control both chambers of Congress after Tuesday’s midterm elections. But that does not mean your personal investment strategy should also…

KFC apologizes after Kristallnacht promotion in Germany

In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT A menu of a drive-in counter of a branch of the fast food chain Kentucky Fried Chicken (KFC). After severe setbacks in the Corona pandemic, Germany’s fast food industry wants to expand its drive-in car counters to keep customers in line. Rolf Vennenbernd | Picture…

Here’s what critics are saying about Marvel’s ‘Black Panther: Wakanda Forever’

Danai Gurira and Letitia Wright star as Okoye and Shuri in Marvel Studio’s “Black Panther: Wakanda Forever.” Disney It’s impossible to replace the irreplaceable, but that was Ryan Coogler’s task as the director and co-writer of Disney’s latest Marvel Cinematic Universe film, “Black Panther: Wakanda Forever.” The sequel to 2018’s blockbuster hit “Black Panther” takes…

United gives pilots 5% raises early after contract talks turn rocky

In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT A United Airlines Boeing 777-200 lands at San Francisco International Airport, San Francisco, California. Louis Nastro | Reuters United Airlines is giving pilots 5% raises — part of a pandemic cost-reduction agreement — months ahead of schedule, days after pilots overwhelmingly rejected a new contract…

Novavax posts third quarter loss but beats revenue expectations

In this article NVAX Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax posted an unexpected loss on Thursday but beat Wall Street’s…