Business

Homebuyers are backing out of deals at the fastest pace since 2017

Homebuyers are backing out of deals at the fastest pace since 2017

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đź’Ą Explore this insightful post from Business News đź“– đź“‚ **Category**: đź“Ś **What You’ll Learn**: A "Sale Pending" sign is posted in front of a home for sale on November 30, 2023 in Larkspur, CA.Justin Sullivan | Getty ImagesThe housing market and broader economy face serious headwinds Home sales At an alarming rate.More than 40,000 home purchase agreements signed in December were canceled, representing 16.3% of all homes that went under contract, according to real estate brokerage Redfin. This is up from 14.9% in December 2024. It's also the highest share since Redfin started tracking this metric in 2017.“High housing…
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The Chicago United Center will sell THC beverages with concessions

The Chicago United Center will sell THC beverages with concessions

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🔥 Check out this trending post from Business News đź“– đź“‚ **Category**: đź’ˇ **What You’ll Learn**: Chicago's United Center is stepping into new live events territory, becoming the first major American arena to offer cannabis beverages in its concessions.The arena — home to the NBA's Chicago Bulls and the NHL's Chicago Blackhawks — on Tuesday announced a multi-year partnership with Rythm, a cannabis-derived beverage company that makes Rythm and Señorita brand drinks, to sell cans at concerts and live events.The drinks will be available to adults 21 and over and sold alongside alcohol and soft drinks.“We're seeing consumers choosing this…
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GM plans to overtake Ford in US production amid Trump’s tariffs

GM plans to overtake Ford in US production amid Trump’s tariffs

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✨ Read this insightful post from Business News đź“– đź“‚ **Category**: đź’ˇ **What You’ll Learn**: Trucks make their way to the Ambassador Bridge to cross into the United States in Detroit on April 1, 2025 in Windsor, Canada. Bill Puliano | Getty ImagesDETROIT — GM It expects to outperform its crosstown competitor ford motor To become the largest vehicle assembler in the United States in the coming years.GM CEO and Chairman Mary Barra announced the target Tuesday as the company reported its 2025 earnings and provided a 2026 forecast that included between $3 billion and $4 billion in expected tariff…
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UPS will cut an additional 30,000 Amazon jobs and scrap its transformation plan

UPS will cut an additional 30,000 Amazon jobs and scrap its transformation plan

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đź’Ą Discover this trending post from Business News đź“– đź“‚ **Category**: đź’ˇ **What You’ll Learn**: A worker drives a United Parcel Service (UPS) truck on October 28, 2025 in Los Angeles, California.Mario Tama | Getty ImagesUnited Parcel Service It announced on Tuesday that it plans to cut an additional 30,000 jobs this year as part of ending its partnership with... Amazon and a multi-year transformation plan.UPS plans to reduce total operating hours by about 25 million associated with Amazon's decline, Chief Financial Officer Brian Dykes said on a call with analysts Tuesday after the company's quarterly earnings release.“In terms of…
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Boeing (BA) Q4 2025 earnings

Boeing (BA) Q4 2025 earnings

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đź’Ą Discover this awesome post from Business News đź“– đź“‚ **Category**: âś… **What You’ll Learn**: A Boeing 737 MAX aircraft at the company's manufacturing facility in Renton, Washington, November 20, 2025.David Ryder | Bloomberg | Getty ImagesBoeing It reported revenues that beat Wall Street expectations for the fourth quarter as the company's turnaround accelerated after years of crises.The company's aircraft deliveries last year were the highest since 2018, which helped increase revenues. Boeing generated $23.9 billion in the last three months of 2025, an increase of 57% over the same period in 2024 and exceeding analysts’ expectations. The cash flow…
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American Airlines (AAL) Q4 2025 earnings

American Airlines (AAL) Q4 2025 earnings

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✨ Explore this insightful post from Business News đź“– đź“‚ **Category**: âś… **What You’ll Learn**: American Airlines It predicted Tuesday that its focus on premiums "will start to produce results in 2026" as the carrier races to catch up with its more profitable rivals and capitalize on strong demand from high-spending customers.The Fort Worth-based airline expected it would post a roughly $2 improvement in adjusted earnings per share at the midpoint of last year.American also expects to generate 7% to 10% additional revenue in the first three months of 2026 compared to 2025.American stock rose nearly 4% in premarket trading.Here's…
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General Motors (GM) Q4 2025 earnings

General Motors (GM) Q4 2025 earnings

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🔥 Discover this insightful post from Business News đź“– đź“‚ **Category**: đź’ˇ **What You’ll Learn**: General Motors global headquarters in Detroit, January 12, 2026.Jeff Kowalski | Bloomberg | Getty ImagesDETROIT — GM It is scheduled to report its fourth-quarter and year-end earnings before the bell on Tuesday.Here's what Wall Street expects, based on a survey of analysts conducted by LSEG:EPS: Expected revised $2.20profit: Expected $45.8 billionThese results would represent a 4% decrease in revenue compared to the prior year and a more than 14% increase in adjusted earnings per share. GM's fourth-quarter 2024 results included revenue of $47.7 billion, a…
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Nike intends to lay off 775 employees in its distribution centers in the United States

Nike intends to lay off 775 employees in its distribution centers in the United States

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✨ Check out this trending post from Business News đź“– đź“‚ **Category**: đź“Ś **What You’ll Learn**: A shopper carries a Nike bag in the Union Square neighborhood in San Francisco, California, US, Wednesday, January 21, 2026. David Paul Morris | Bloomberg | Getty ImagesNike The company is laying off 775 employees as the company looks to boost its bottom line and accelerate its use of "automation," CNBC has learned. The layoffs, which are in addition to 1,000 job cuts at the company that it announced last summer, primarily affect distribution center roles in Tennessee and Mississippi, where the sneaker giant…
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Target’s new CEO Fedelke calls the violence painful

Target’s new CEO Fedelke calls the violence painful

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🔥 Explore this trending post from Business News đź“– đź“‚ **Category**: âś… **What You’ll Learn**: Fiddelke, Target's chief operating officer, will take over as CEO on February 1. In the video message to employees, he said he was looking forward to starting the job within a week and "this is not the first message I imagined I would send."He said that he "met with a group of leaders and added my signature this weekend to a statement using our collective voice to call for calm, constructive dialogue, and de-escalation to reduce tensions and keep people safe as this work continues."Hello…
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Air travel will return to normal by Wednesday, DOT Sec. Sean Duffy says

Air travel will return to normal by Wednesday, DOT Sec. Sean Duffy says

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✨ Explore this trending post from Business News đź“– đź“‚ **Category**: âś… **What You’ll Learn**: Transportation Secretary Sean Duffy said the Federal Aviation Administration needs two more days to fully recover from major flight disruptions that occurred over the weekend due to the massive winter storm that swept across the country.In an interview Monday with CNBC's "Squawk Box," Duffy said the FAA is targeting Wednesday as the day it hopes flights will return to normal."This storm is unique," Duffy said. "You get ice and you get snow, and on top of that, we now have a blast of cold weather…
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