CVS Health announced that it will cut 2,900 jobs as part of a cost-cutting plan. The layoffs will mostly affect corporate positions, a CVS spokesperson told FOX Business. More than 300,000 people work for CVS across its segments, according to its website. The cuts represent 1% of the company’s workforce. The job cuts will not

Investors in the behemoth SPDR technology sector fund might be surprised to learn that until last week their exposure to Nvidia was roughly four times that of Apple, despite their comparable market values.  That disparity was costly for shareholders of the $70 billion State Street fund because Apple stock has outperformed Nvidia by 10 percentage

Chinese stocks swept to their biggest single-day gains since 2008 on Monday, with domestic A-shares registering their highest ever turnover as investors scrambled to join a searing rally sparked by Beijing’s latest raft of stimulus measures. The move is juicing exchange-traded funds tied to China. The KraneShares CSI China Internet ETF rose, posting its best

The future of U.S. crypto regulation could hinge on a long-awaited decision by Wall Street’s top cop on whether to appeal a ruling from its high-profile legal battle with blockchain payments company Ripple. The Securities and Exchange Commission has until Oct. 7 to decide if it will challenge the July 2023 ruling by U.S. District

Chief executives are leaving their posts at a higher rate than last year, when CEO departures hit an all-time high. The latest CEO Turnover Report from coaching firm Challenger, Gray & Christmas found that 1,450 CEOs had announced their exits as of the end of August, marking the highest-year-to-date total on record. That is up

Stocks keep climbing, hitting a new round of records this week thanks to another cool inflation report.  Not to be outdone, gold is gaining on its own, hovering at all-time highs.  A looming port strike may bring an epic supply chain crunch, similar to what happened during the pandemic.  Helene’s vicious path rocks Florida.  The

Costco is already reaping the benefits after recently introducing membership card scanners at the front of warehouses in its U.S. stores, and the move is being well-received by customers, the wholesale club said Friday. During the retailer’s fourth quarter earnings call, Costco CEO Ron Vachris noted that the company has used card readers at the

Walt Disney World Resort and Universal Orlando have made some operational changes in preparation for Hurricane Helene.   The Category 3 storm on Thursday continued moving through the Gulf of Mexico toward Florida, where residents and businesses alike have been preparing for landfall. The National Hurricane Center advised early Thursday afternoon that Helene was “almost a

Farm equipment company John Deere is recalling about 147,900 compact utility tractors in the U.S. due to the risk they could lose braking and crash. The recalled John Deere 1023E, 1025R and 2025R compact utility tractors could pose a “crash hazard” to users if their front bell crank in the brake linkage experiences a failure,

Southwest Airlines on Thursday announced changes to its longtime business model in the hopes of reversing turbulence from declining profits and a sinking stock price. The Dallas-based carrier is pivoting from the so-called open seating model, charging a premium for the best seats, and offering red-eye flights, the airline said in a press release. “We’re