CNBC Business

GM follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.

Shares of British luxury carmaker Aston Martin Lagonda surged, as the company's positive 2023 guidance offset pretax losses last year.

Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022.

The results follow slower-than-expected production, unexpected pricing pressure and plans to lay off 6% of its workforce in a bid to conserve cash.

Target is investing money in new services and brands that it hopes will convince more budget-conscious customers to boost spending at the retailer.

Norwegian Cruise Line's stock fell as high costs and debt weigh on the company even as travel demand has stayed strong.

Virgin Galactic reported fourth-quarter results on Tuesday, with the company saying it remains on track to resume spaceflights in the coming months.

CEO Brian Cornell in a release cited "a very challenging environment," with groceries, beauty items and household essentials lifting sales as consumers focused on necessities.

The leadership shuffle follow a yearslong federal investigation that uncovered systemic corruption involving bribery and embezzlement by top UAW leaders.

"Ant-Man and the Wasp: Quantumania" saw the sharpest decline in ticket sales from opening weekend to second weekend in Marvel Cinematic Universe history.

A new program in Philadelphia is offering Black developers a fresh opportunity to build homes and broaden their businesses.

Starlink's V2 Mini satellites add about four times as much network capacity per satellite compared with prior iterations.

Higher mortgage rates weighed on home price gains in December.

Further revelations about Fox Corp executives were unveiled in Dominion Voting Systems court papers.

Fisker had "approximately 65,000" reservations for the Ocean SUV, up slightly from "over 62,000" as of its prior earnings report.

The Krispy Kreme doughnuts will be available all day and can be ordered in the drive-thru lane, in the restaurant, through the McDonald's app and for delivery.

Signed contracts on existing homes jumped 8.1% last month compared with December, according to the National Association of Realtors.

The three-day in-person work week has forced restaurants and bars to get creative about pulling in customers on Mondays and Fridays.

Michael B. Jordan makes his directorial debut with "Creed III," the latest in a hit franchise that has featured Black talent on both sides of the camera.

Movie theaters aren't going away, but they are changing. Operators are investing in better technology as well as premium concessions.