Jim Cramer says there are good reasons for this reopening rally, and support from the Fed and Treasury. But job losses are a worry.

Activist Mantle Ridge succeeds in pushing company to name new CEO and a revamped board.

Tens of thousands of UAW autoworkers go on strike after a midnight deadline passed on Sunday night ET -- the first such major industry walkout in nearly 12 years.

Union's current contract expired Saturday, just before midnight ET, and now some 46,000 hourly workers could strike General Motors by the same time Sunday.

General Motors and the United Autoworkers failed to reach a contract deal before midnight, which could send as many as 46,000 hourly workers to the picket lines following a 10 a.m. meeting on Sunday.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.