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Some factories might leave China, but big picture it doesn’t matter

China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, Jiangxi...

Goldman Sachs gives senior managers a new perk: ‘Flexible vacation’ policy

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCGoldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time...

Covid lockdowns weigh on retail, industrial production data

The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours' drive from...

Stock futures rise ahead of a big week of retail earnings

Traders on the floor of the NYSE, May 6, 2022.Source: NYSEStock futures were higher Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers.Futures tied to the Dow Jones Industrial...

Carvana, GameStop, AMC, General Motors and more

Check out the companies making headlines in midday trading Thursday.Carvana — Shares of the online used-car retailer popped 25%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative...