A work stoppage by nearly 150,000 UAW workers would result in an economic loss of more than $5 billion after 10 days, according to Anderson Economic Group.
The results complement the data Novo Nordisk released last week, which found Wegovy slashed the risk of serious heart problems and heart-related death by 20%.
TJX Cos., which runs T.J. Maxx and Marshalls, is seeing big gains in discretionary purchases as cash-strapped consumers look for a deal amid high inflation.
Target cut its full-year forecast even as recession fears fade, as the retailer cited factors like still high prices and the restart of student loan payments.
As Target reported earnings, CEO Brian Cornell defended the company's decision to pull some merchandise, but said it will continue to celebrate Pride month.
GM is leading a $60 million funding round in Mitra Chem, a battery startup founded by Tesla and Toyota veterans that aims to make cheaper EV batteries.
Fitch Ratings warned that U.S. banks have inched closer to sweeping rating downgrades on dozens of lenders, including JPMorgan Chase and Bank of America.
The Poseidon Dynamic Cannabis ETF is closing up shop and cashing out to its shareholders nearly two years after it launched and following a sharp drop.