Key Points Stellantis executive Tim Kuniskis retired from the automaker in May. Kuniskis will once again lead the company’s Ram Trucks brand, according to two people familiar with the decision.His return comes about a week after Stellantis CEO Carlos Tavares unexpectedly resigned from the automaker following problems with its North American market. DETROIT – The […]

Key Points OracleShares fell 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that missed analyst estimates and issued a weaker-than-expected forecast. Here’s how Oracle fared compared to the LSEG consensus: Earnings per share: Adjusted $1.47 vs. expected $1.48Revenue: $14.06 billion vs. $14.1 billion expectedOracle’s second quarter sales grew […]

Key Points China’s leaders on Monday promised “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption, according to an official readout of a key policy meeting that outlined upcoming economic priorities. The Politburo, a top decision-making body led by President Xi Jinping, said it will stabilize the real estate […]

Key Points NVIDIAStocks were under pressure on Monday after a regulator in China said it was investigating the chipmaker for possible violations of the country’s antitrust law. Shares ended the session down about 2.6%. The State Administration for Market Regulation has opened an investigation into the chipmaker in connection with the Mellanox acquisition and some […]

American Eagle Outfitters– Shares fell more than 14% after the clothing retailer missed third-quarter revenue expectations and provided weak holiday guidance. The company anticipates comparable sales will increase 1% and total sales will decrease 4%. According to StreetAccount, analysts were expecting comparable sales growth of 2.2%. american airlines– Shares rose 16.8% after the airline announced […]

lululemon– Shares rose 9% after the sportswear retailer beat Wall Street estimates for the fiscal third quarter and shared holiday guidance online. samsara– Shares fell more than 9% after the software company reported tepid fourth-quarter guidance. For the period, Samsara expects earnings of between 7 and 8 cents per share and revenue of between $334 […]

Key Points . The Consumer Financial Protection Bureau filed a complaint against Comerica Bank, accusing it of failing to administer a federal benefit program that uses prepaid debit cards.. The lawsuit claims that Comerica Bank “intentionally canceled” more than 24 million customer service calls, charged more than 1 million cardholders ATM fees they did not […]

Key Points . Police believe the person of interest wanted in connection with the murder of UnitedHealthcare CEO Brian Thompson left New York City shortly after the murder. . NYPD top brass told CNN surveillance footage of the person of interest in the fatal shooting of Thompson on Wednesday taking a taxi from Manhattan’s Upper […]

“CONVERGE” is CNBC’s new platform, exploring growth opportunities at the intersection of investment, innovation, sustainability and leadership with the help of the world’s most influential leaders. To start, CNBC spoke with five figures who are using their influence to drive change. Investing in the next generation of leaders, music legend Nile Rodgers and business magnate […]

The dollar rose against the yen on Monday to resume its recent rise after Japan’s top central bank official signaled that further tightening of monetary policy was coming, but was vague about the timing of any such rise. Bank of Japan Governor Kazuo Ueda reiterated that the economy was moving toward sustained wage-driven inflation and […]