Posts by CNBC (old posts, page 5)
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.
Pfizer expands cost cuts, tops quarterly profit estimates even as sales fall
Pfizer maintained its 2025 guidance but noted it does not include any impact of tariffs or trade policy, "which we are unable to predict at this time."
Consumer outlook hits lowest since 2011 as tariff fears mount, Conference Board survey shows
Consumer attitude about both the present and near future dimmed again in April.
Honeywell shares jump on earnings. Here's what we liked most about the results
The industrial conglomerate's first-quarter numbers were strong, paired with a sensible full-year guidance.
General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
GM beat expectations but is reassessing its 2025 guidance and suspending any additional stock buybacks amid expected cost increases and industry uncertainty.
Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite
Shipments from China to the U.S. west coast appear poised to drop sharply in May.
Venmo revenue grows 20%, with debit card payment volume soaring
Venmo, long viewed as a business laggard for PayPal, is generating much faster revenue growth than the overall company.
United Airlines grows highest-end Polaris airport lounge by 50% in battle for wealthy customers
United has been expanding its Polaris lounges in Chicago and Newark to fit more customers.
SoFi CEO says fintech bank is bringing back crypto investing
SoFi was forced to drop crypto investing in late 2023 as part of becoming a regulated bank.
BP profit falls sharply but CEO says oil major 'off to a great start' in strategy reset
British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices.