Business
Newsmax stock starts trading on NYSE
Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention (RNC) on July 14, 2024, in Milwaukee, Wisconsin. The RNC will be held in Milwaukee from July 15-18. Joe Raedle | Getty Images News | Getty...
AMC bets on premium screens as Hollywood slate boasts blockbusters
People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | ReutersHollywood's blockbuster slate is heating up, and AMC Entertainment is increasing the number of its premium screens to meet demand.The world's largest cinema...
Vaccine stocks fall after FDA’s Peter Marks resigns over RFK Jr.
Rafael Henrique | Lightrocket | Getty ImagesShares of major vaccine makers dropped on Monday after a key U.S. health official resigned in protest of Health and Human Services Secretary Robert F. Kennedy Jr.'s views on immunization.The departure of Peter Marks, the...
Novo Nordisk’s diabetes pill Rybelsus slashes cardiovascular risk
Novo Nordisk on Saturday said its diabetes pill Rybelsus showed cardiovascular benefits in a late-stage trial, paving the way for it to become a new treatment option for people living with diabetes and heart disease. The pill lowered the risk of cardiovascular-related...
Foley artists bring a human touch to moviemaking even with rise of AI
Foley artist Gary Hecker recreates sounds (in this case, galloping horses) on the Foley sound stage at Todd-AO Studios in Santa Monica, California, July 3, 2012.Don Kelsen | Los Angeles Times | Getty ImagesIn a small studio tucked within the Sony Pictures lot, Gary...
Founder Charlie Javice found guilty of defrauding JPMorgan Chase
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie...
Canadians pull back on U.S. trips, threatening to widen travel deficit
Canadians hold an "Elbows Up" protest against U.S. tariffs and other policies by U.S. President Donald Trump, at Nathan Phillips Square in Toronto, Ontario, Canada March 22, 2025.Carlos Osorio | ReutersCanadians are skipping trips to the U.S. and visitors from other...
Disney, ABC receive FCC investigation notice
The main gate at The Walt Disney Studios in Burbank, California, on Sept. 25, 2023.Mario Anzuoni | ReutersThe Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and...
Lululemon (LULU) earnings Q4 2024
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.On an Thursday...
Peyton Manning’s Omaha Productions sells 10% stake at $750 million valuation
Peyton Manning on Sunday, February 16, 2025.Theo Wargo | NBCUniversal | Getty ImagesPeyton Manning has a new business partner.A new platform run by Patrick Whitesell, the former executive chairman of Endeavor, has acquired a minority stake in Manning's Omaha...
Billionaire Jorge Pérez on the secret to passing down the family business
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. When Jon Paul Pérez graduated college, he assumed he...
Ferrari to raise prices by 10% on some models to offset auto tariffs
The Ferrari logo is seen outside the Ferrari headquarters in Maranello, Italy.Ciancaphoto Studio | Getty Images Sport | Getty ImagesFerrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to...
How a D&D livestream became a media company
The cast of "Critical Role" playing Dungeons & Dragons.Critical RoleA decade ago, a group of professional voice actors gathered around a table to live-stream a game of Dungeons & Dragons. Now, they run a media empire.Critical Role, both the name of the...
GM stock is getting hit the hardest
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021.Daniel Becerril | ReutersAs auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors...
GM, Stellantis shares fall after Trump’s auto tariff announcement
The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, on March 4, 2025.Mike Blake | ReutersAuto stocks are...
RFK Jr. plans 10,000 HHS job cuts
Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a cabinet meeting at the White House in Washington, DC, US, on Monday, March 24, 2025. Samuel Corum | Bloomberg | Getty ImagesHealth and Human Services Secretary Robert F. Kennedy Jr. plans...
KB Home unveils its first ‘fire-resilient’ community in California
KB Home's new wildfire-resilient neighborhood in Escondido, California.CNBCJust months after raging wildfires destroyed thousands of homes in the Los Angeles area, California-based KB Home is unveiling what it calls its first "wildfire-resilient" community.The...
Former Citi CEO Sandy Weill launches new cancer research hub
Sandy Weill, former CEO of Citigroup, in 2014.Adam Jeffery | CNBCFormer Citigroup CEO Sandy Weill announced Thursday morning a $50 million gift through the Weill Family Foundation to establish the Weill Cancer Hub East, a partnership aimed at using research on...
Dollar Tree discusses Family Dollar sale, earnings and tariffs
Dollar Tree said Wednesday that it's gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump's tariffs.The discount retailer's CEO, Michael Creedon, said the company is seeing "value-seeking behavior...
Stephen Curry teams up with Michelle Obama to launch sports drink
Plezi Nutrition, the public benefit company co-founded by Michelle Obama, has created a new sports drink with Stephen Curry.Four-time NBA champion Stephen Curry is teaming up with former first lady Michelle Obama to release a healthier sports drink option.Curry and...
FHFA will not cut Fannie Mae and Freddie Mac loan limits
A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia. Kevin Dietsch | Getty ImagesThe newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who oversees mortgage giants Fannie Mae and...
Chinese tea chain Chagee files for U.S. IPO
Pedestrians walk past a CHAGEE store in Shanghai, China on March 14, 2025. CFOTO | Future Publishing | Getty ImagesChinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker "CHA."The IPO filing...
Affirm says JPMorgan Chase merchants can now offer installment loans
Max Levchin, co-founder of PayPal and AffirmDavid Paul Morris | Bloomberg | Getty ImagesFintech lender Affirm said Tuesday that it's reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank's payments network.U.S....
The rich use insurance to invest in private credit without steep taxes
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private credit has exploded in popularity among...
Eli Lilly to release weight loss pill orforglipron trial data
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesPatients, doctors and investors will soon learn a lot more about a new, more convenient treatment that could shake up the...
South Korea’s Hyundai to announce $20 billion U.S. investment
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCSouth Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring that includes a $5 billion steel plant in Louisiana, according to people...
United Airlines raises annual fees for lounges, rewards credit cards
A row of United Airlines passenger planes parked at gates at Denver International Airport in Denver, Colorado.Robert Alexander | Getty ImagesUnited Airlines is raising fees for annual airport lounge membership and its rewards credit cards, a test of how much consumers...
More fast-food chains adopt fun, flavored drinks
Chick-fil-A pineapple dragonfruit beverages.Courtesy: Chick-fil-AFast-food chains are going all in on fun beverages to attract younger consumers.Chick-fil-A, known for its straightforward menu of fried chicken and waffle fries, is selling seasonal Pineapple...
Take a look inside French luxury retailer Printemps’ first U.S. store
A piece of Paris has landed in New York City.French luxury retailer Printemps officially opened its first U.S. store this week in the city's Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake.The...
Heathrow Airport closes Friday after fire causes power outage
London's Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, disrupting travel for tens of thousands of passengers planning to fly in or out of Europe's busiest airport.The airport was ready to resume flights as of...
Zepbound copycats remain online despite FDA ban
This week was supposed to mark the end of compounding pharmacies making copycat versions of Eli Lilly's weight-loss drug Zepbound and its diabetes drug Mounjaro. Online, it doesn't look like much has changed. Popular websites like Amble, EllieMD, Willow and Mochi...
Related Group CEO Pérez says tariff fears raising construction costs
Related Group CEO Jon Paul Pérez.Courtesy of Future Proof and Triangle BLVDBuilding contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related...
More women are leading investments for the ultra-wealthy
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Elizabeth Lilly started her own asset management firm...
Nike (NKE) Q3 2025 earnings
Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China. Cheng Xin | Getty ImagesNike will report fiscal third-quarter earnings after the bell on Thursday and provide...
Boston Celtics sold for $6.1 billion to Bill Chisholm, Sixth Street group
The Boston Celtics hang the 2024 NBA championship banner at TD Garden.Danielle Parhizkaran | Boston Globe | Getty ImagesA group led by private equity executive Bill Chisholm is buying the NBA's Boston Celtics at a valuation of $6.1 billion, the team's ownership...
February home resales jump more than expected, despite mortgage rates
A "For Sale" sign outside of a home in Atlanta, Georgia.Dustin Chambers | Bloomberg | Getty ImagesSales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association...
Darden Restaurants (DRI) Q3 2025 earnings
Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts' projections.The restaurant company blamed weather for the sales slowdown and maintained its full-year forecast, lifting investors'...
Edible Arrangements parent launches hemp marketplace Edibles.com
The homepage for Edibles.com, the hemp marketplace from the parent company of Edible ArrangementsSource: Edible BrandsThe parent company of Edible Arrangements is moving into a different kind of edible.Edible Brands is launching Edibles.com, an e-commerce marketplace...
NBA may bring back NBA Inside Stuff highlight show
Ahmad Rashad and Willow Bay look on during an Inside Stuff Episode taping circa 1993 in Secaucus, New Jersey.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe NBA is quietly preparing to bring back its iconic show "NBA Inside Stuff."On Monday,...
Suppliers face more dire challenges than automakers amid Trump tariffs
US President Donald Trump arrives to speak about the United States - Mexico - Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020.Saul Loeb | Afp | Getty ImagesDETROIT — President...
SailGP, professional sports leagues put women at the fore
Martine Grael, driver of Mubadala Brazil SailGP Team and Andy Maloney, flight controller, during a practice session ahead of the Emirates Dubai Sail Grand Prix presented by P&O Marinas in Dubai, UAE on Friday, November 22, 2024.Courtesy: Ricardo Pinto for SailGP...
Boeing shares jump as CFO says plane maker’s cash burn is easing
Boeing workers are pictured exiting a gate below an image of a Boeing 737-800 aircraft as Boeing's 737 factory teams hold the first day of a "Quality Stand Down" for the 737 program in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty ImagesBoeing's...
Taco Bell parent Yum Brands partners with Nvidia to speed up use of AI
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina.Jeff Greenberg | Universal Images Group | Getty ImagesTwo chipmakers are teaming up.Yum Brands is partnering with tech giant Nvidia to accelerate the use of artificial intelligence in...
Watch NASA astronauts return on SpaceX capsule after months on the ISS
[The stream is slated to start at 4:45 p.m. ET. Please refresh the page if you do not see a player above at that time.]NASA astronauts Butch Wilmore and Suni Williams are set to splash down on Earth on Tuesday evening after spending more than nine months in space.They...
Nvidia, GM announce deal for AI, factories and next-gen vehicles
Nvidia is building out an automotive tech business. Pictured here are its autonomous vehicle test cars at the company's auto garage in Santa Clara, California, on June 5, 2023.Bloomberg | Bloomberg | Getty ImagesGeneral Motors and Nvidia have agreed to a strategic...
Frontier Airlines offers free checked bags promo in swipe at Southwest
Frontier Airlines took a swipe at Southwest Airlines' plan to start charging for seat assignments and checked luggage by doing the opposite.Budget carrier Frontier said customers can receive a bundle that includes a seat assignment and a carry-on bag without an...
Cadillac expects one of every three vehicle sales to be EVs in 2025
2025 Cadillac Escalade IQMichael Wayland / CNBCSAN FRANCISCO — Cadillac expects roughly one of every three vehicles it sells in the U.S. this year to be all-electric models, as the automaker continues to expand its EV lineup despite industrywide slower-than-expected...
Astronauts Butch Wilmore, Suni Williams returning to Earth on SpaceX ship
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASAThe two U.S. astronauts who had been at the International Space Station for nine months after their faulty Boeing...
Forever 21 files for second bankruptcy, blames Shein and Temu
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer's operating company is expected to cease all operations in the U.S. and has already begun liquidation...
PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion
Super Bowl ad of Poppi.Source: PoppiPepsiCo said Monday that it is buying prebiotic soda brand Poppi for more than $1.6 billion.The food and beverage giant said it plans to acquire the upstart for $1.95 billion. The deal includes $300 million of anticipated cash tax...
Klarna, nearing IPO, wins fintech partnership from Affirm
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesSwedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted...
Goodbye to ‘bags fly free’ on Southwest Airlines, the last freebie in America
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesAlmost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more...
Delta, Walmart warn about consumer spending amid tariffs, inflation
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | ReutersIt's not just Walmart.The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are...
Ulta Beauty (ULTA) earnings Q4 2024
Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called "consumer uncertainty."The retailer, which appointed Kecia Steelman as its new CEO in January, said it's expecting...
New York AG announces bill to protect consumers after Trump hobbles CFPB
NY Attorney General Letitia James speaks during a press conference at the offices of the Attorney General on January 08, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York Attorney General Letitia James on Thursday announced a bill to protect the...
Washington DC housing market shows cracks amid federal layoffs
The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com. Inventory gains in the region, which includes the District as well as...
Comcast expands Olympics partnership and media rights deal
Snoop Dogg attends the Artistic Gymnastics Women's Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024.Arturo Holmes | Getty Images Sport | Getty ImagesComcast and the International Olympic Committee have agreed on a new...
Spirit Airlines CEO says carrier can take on the new Southwest
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines.Earlier this week, Southwest shocked...
White House pulls Trump CDC Director nominee Dave Weldon
Former Congressman Dave Weldon addresses a small crowd in The Villages, Fla.Brendan Farrington | APThe White House has pulled President Donald Trump's nominee to lead the Centers for Disease Control and Prevention, former Rep. Dave Weldon, the Senate's Health...
Dollar General CEO warns consumers are cash-strapped, 2025 won’t be better
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas.Brandon Bell | Getty ImagesDollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter's customers and that the macroeconomic environment won't...
Women’s sports firm Monarch Collective ups fund size
Billionaire-backed investment firm Monarch Collective has expanded the size of its fund in light of the continued surge in popularity of women's sports.The fund, which launched in 2023 is expanding from $150 million to $250 million, with most of the additional capital...
Dollar General (DG) Q4 2024 earnings
A Dollar General store in Germantown, New York, on Nov. 30, 2023.Angus Mordant/Bloomberg via Getty ImagesDollar General on Thursday reported fiscal fourth-quarter revenue that narrowly beat Wall Street estimates, while a store portfolio review cut into the chain's...
American Eagle (AEO) earnings Q4 2024
American Eagle warned investors on Wednesday that consumers are pulling back on spending and it's seen a "slower start" to the year than it expected. "Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder...
Inside the world’s largest 3D printed housing development
Just outside Austin, in Georgetown, Texas, brand new planned communities sprawl out as far as the eye can see, which is pretty far in this part of the country. But one small subdivision instantly draws focus. Just completed, it is now the world's largest 3D-printed...
RFK Jr. pressures PepsiCo, Kraft Heinz to remove artificial dyes
Robert F. Kennedy Jr., U.S. President Donald Trump's nominee for Secretary of Health and Human Services testifies during his Senate Finance Committee confirmation hearing at the Dirksen Senate Office Building on January 29, 2025 in Washington, DC. Win Mcnamee | Getty...
Boeing prices could increase by millions with tariffs, says AerCap CEO
The price of a Boeing 787 plane could increase by $40 million in a worst case tariff scenario, AerCap CEO Aengus Kelly said."In an absolute worst case scenario, say, a 25% increase across the board on tariffs, a tit-for-tat from both sides — a Boeing 787, the price...
What Southwest Airlines is changing, from bag fees to basic economy
A Southwest Airlines Boeing 737 MAX is pushed back from the gate at San Diego International Airport in San Diego, Aug. 24, 2024.Kevin Carter | Getty ImagesSouthwest Airlines announced Tuesday what was once unthinkable: It will start charging customers to check their...
Kohl’s (KSS) Q4 2024 earnings
A worker pushes a cart outside of Kohl's store on November 26, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesKohl's posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected...
Dick’s Sporting Goods (DKS) earnings Q4 2024
Dick's Sporting Goods on Tuesday said it's expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an...
Airline CEOs warn domestic travel demand is slowing
A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023.Stefani Reynolds | AFP | Getty ImagesAirlines are cutting their first-quarter profit and sales estimates, warning that a weaker...
Southwest Airlines will charge for checked bags for first time
Baggage handlers load luggage onto a Southwest Airlines Boeing 737 at Austin-Bergstrom International Airport on August 24, 2024 in Austin, Texas. Kevin Carter | Getty Images News | Getty ImagesIt's happening: Southwest Airlines will start charging passengers to check...
Ad spending on women’s sports doubles in 2024
The New York Liberty celebrate after winning the 2024 WNBA Finals at Barclays Center.Wendell Cruz | Usa Today Sports Via Reuters ConWomen's sports enjoyed a marquee year across the board in 2024, but especially in television advertising, according to TV marketing firm...
Trump finds unexpected ally in auto union leader over tariffs
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty ImagesDETROIT — The head of the United Auto Workers has...
Delta Air Lines slashes earnings outlook, sending shares down
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines slashed its first-quarter revenue and profit outlooks, citing weaker domestic demand, backing up growing...
Why banks don’t want the agency to disappear
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesFor...
RFK Jr. could further deter childhood vaccinations as U.S. rates fall
Robert F. Kennedy Jr. speaks in the Oval Office of the White House, on the day he is sworn in as secretary of Health and Human Service in Washington, D.C., U.S., Feb. 13, 2025. Nathan Howard | ReutersThe nation's new top health official could further erode already...
Goodyear Tire transformation plan is moving company into the future
A Goodyear blimp flies Goodyear AKRON, Ohio — Does the Goodyear blimp sell tires?That was one question veteran auto executive Mark Stewart had when he started as CEO of Goodyear Tire & Rubber Co. a little more than a year ago, seeking to lead a transformation plan...
Walgreens to go private in $10 billion deal with Sycamore Partners
The Walgreens logo is displayed at a Walgreens store on October 15, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesStruggling drugstore chain Walgreens is going private. The company on Thursday said it inked a deal with private equity firm Sycamore...
FAA briefly halts flights to Florida airports after SpaceX test failure
The Federal Aviation Administration briefly halted flights to several Florida airports on Thursday night after a SpaceX Starship testing failure.The incident marks the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in...
Top family office investments in February
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last month, family offices made at least 48 direct...
Sen. Blumenthal asks Visa for details on Elon Musk X payments deal
Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021.Graeme Jennings | Pool via ReutersSen. Richard Blumenthal this...
Gap (GAP) earnings Q4 2024
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its...
Costco (COST) Q2 2025 earnings
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose.Shares ticked down over 1% in extended trading on Thursday evening.Here's how the wholesale company did compared with what Wall...
Women’s pro tennis introduces paid maternity leave funded by Saudi PIF
Victoria Azarenka plays a backhand against Iga Swiatek of Poland in their second round match during day three of the Dubai Duty Free Tennis Championships, part of the Hologic WTA Tour at Dubai Duty Free Tennis Stadium on February 18, 2025 in Dubai, United Arab...
Applebee’s owner Dine Brands to lean on value to reverse sales declines
Michael Siluk | UCG | Universal Images Group | Getty ImagesDine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee's and IHOP."We had a soft year in 2024, which disappoints us, but we're...
Family offices rattled by market swings and tariffs
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. While family offices pride themselves on investing...
Michael Jordan, Kobe Bryant rookie jerseys to go up for auction
Michael Jordan of the Chicago Bulls (L) eyes the basket as he is guarded by Kobe Bryant of the Los Angeles Lakers.Vince Bucci | AFP | Getty ImagesRare pieces of memorabilia from two of the National Basketball Association's biggest icons are hitting the auction block...
Macy’s (M) Q4 2024 earnings
Macy's delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private.Across the business, which includes the...
Trump grants automakers one-month exemption from tariffs
In an aerial view, brand new Subaru cars sit in a storage lot at Auto Warehouse Co. on March 4, 2025 in Richmond, California.Justin Sullivan | Getty ImagesThe White House on Wednesday announced a one-month North American tariff exemption for automakers after President...
These are the most competitive rental markets in the U.S.
Residential apartment buildings in the Brooklyn borough of New York, US, on Wednesday, July 17, 2024. Yuki Iwamura | Bloomberg | Getty ImagesNew apartment construction hit a record high last year, but all that new supply is apparently not enough to cool the...
U.S. Olympic committee announces $100 million grant to fund athletes
USA's delegation sail in a boat along the river Seine during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024.Zhao Dingzhe | Afp | Getty ImagesThe United States Olympic and Paralympic Committee on Wednesday announced a $100 million grant...
David’s Bridal taps new CEO, plans to build online marketplace
David's Bridal has tapped a new CEO to lead the company as it looks to transform from a legacy retailer into a bridal media powerhouse nearly two years after emerging from its second bankruptcy. Kelly Cook, the current president of brand, technology and finance, will...
Amgen weight loss drug MariTide starts two phase three trials
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Wednesday said it has started two critical late-stage trials for its experimental weight loss injection MariTide, another step in its...
NHL commissioner says league could be affected by U.S.-Canada tariffs
National Hockey League Commissioner Gary Bettman said Wednesday that the league could be affected by the current tensions between the U.S. and Canada.Bettman said 25% of the league's revenue comes from its Canadian clubs. Though he said the Canadian teams perform...
Novo Nordisk offers discounted Wegovy through direct-to-consumer pharmacy
Novo Nordisk's Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty ImagesNovo Nordisk on Wednesday said it will offer its weight loss drug Wegovy for less than half of its usual price per month through a new direct-to-consumer online...
Kenvue settles proxy fight with activist Starboard, adding three directors
Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board. Starboard's Jeff Smith will join the board of the Johnson & Johnson spinoff, along with Sarah Hofstetter, president of Profitero, an eCommerce performance...
Abercrombie & Fitch (ANF) Q4 2024 earnings
An Abercrombie & Fitch store stands in midtown Manhattan in New York City on Oct. 24, 2024.Spencer Platt | Getty ImagesAbercrombie & Fitch's growth story is starting to slow down.The apparel retailer issued weaker-than-expected guidance for its current quarter...
Foot Locker (FL) Q4 2024 earnings
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday...
UConn star Paige Bueckers on NIL and women’s sports
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women's Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024.Steph Chambers | Getty...
Trump tariffs could quickly cut North American auto production
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — Roughly a third of vehicle...
How tariffs will hit the U.S. housing market
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBCFrom lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders.The cost of those products is about to go up, as...
Southwest Airlines closing 2 more crew bases in cost-cutting push
A Southwest Airlines aircraft at a gate at Austin-Bergstrom International Airport in Austin, Texas, Feb. 16, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesSouthwest Airlines is closing two more crew basis amid its cost-cutting push that has also led to its first...
Starbucks poaches Nordstrom CFO as executive shake-up continues
Cathy Smith in 2019.Mark Lennihan | APStarbucks announced Tuesday that Nordstrom Chief Financial Officer Cathy Smith will join the company as its new CFO, replacing longtime veteran Rachel Ruggeri.The executive change is the latest for Starbucks after Brian Niccol...
CFPB drops JPMorgan, Bank of America, Wells Fargo lawsuit over Zelle fraud
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | ReutersThe Consumer Financial Protection Bureau on Tuesday...
Aviation industry pushes for air traffic improvements, more hiring
File photo shows the air traffic control tower at Chicago's Midway International Airport.M. Spencer Green | APAviation industry members on Tuesday again urged lawmakers for newer air traffic control technology and more hiring of air traffic controllers as airlines...
Target outlines plans to grow sales by $15 billion by 2030
Target plans to double down on its third-party marketplace, media network and same day delivery services to drive more than $15 billion in revenue growth over the next five years, it said Tuesday at an investor meeting in New York City. The retailer's plans to grow...
Airline stocks tumble amid economic concerns
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesStock Chart IconStock chart iconNYSE Arca Airline Index versus the S&P 500Airlines, especially full-service...
Trump Mexico tariffs will raise produce prices, Target CEO Cornell says
Shoppers will likely see produce prices increase in the coming days due to President Donald Trump's tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday.The Trump administration's 25% levies on goods from Mexico and Canada, along with an additional 10%...
Best Buy (BBY) Q4 2025 earnings
Best Buy on Tuesday posted fourth-quarter earnings and revenue that topped expectations, but CEO Corie Barry projected that prices for U.S. consumers would rise as President Donald Trump's tariffs on China and Mexico go into effect.On Best Buy's earnings call, Barry...
Target (TGT) Q4 2024 earnings
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, on Nov. 26, 2024.Victor J. Blue | Bloomberg | Getty ImagesTarget will report fiscal fourth-quarter earnings on Tuesday and show investors whether it is driving more full-price sales of...
Serena Williams joins WNBA ownership group in Toronto
Serena Williams, one of sport's greatest champions, joins Canada's first WNBA team as a managing partner.CNW Group | Toronto TempoTennis superstar Serena Williams is continuing her investment in women's sports with a new ownership stake in the Women's National...
Meet the investor behind Melinda French Gates’ family office bets
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Melinda French Gates has committed $2 billion to...
Foreign retailers Primark, Mango, Uniqlo expand in the U.S.
ELMHURST, NY — One of the newest additions to Queens Center is a store that many local mallgoers may not recognize.Along with well-known mall staples like Macy's, American Eagle and Bath & Body Works, the shopping center is now home to a Primark. The Ireland-based...
Domino’s Pizza launches stuffed crust to rival Papa John’s, Pizza Hut
Domino's Parmesan Stuffed Crust.Source: Domino's PizzaDomino's Pizza is finally releasing its own version of stuffed crust on Monday, aiming to win over the customers who are willing to spend more on the pricey pizza customization. Thirty years ago, Yum Brands' Pizza...
Oscars 2025: Complete list of winners
"Anora" came out on top during the 97th Academy Awards on Sunday.The film, distributed by Neon, took home five trophies — best picture, best editing, best director, best original screenplay and best actress. It was the most of any film nominated. Sean Baker, the...
Why first-class seats are holding up new airplanes
A Lufthansa First Class "Allegris" cabin, which was set up outside the show. Peter Kneffel | Picture Alliance | Getty ImagesHeated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of course, the coveted privacy...
$5 million fix to billion-dollar franchise
Paramount Pictures revamped version of Sonic the Hedgehog (r).Source: Paramount PicturesSonic the Hedgehog may be able to run faster than the speed of light, but his film franchise nearly came to a screaming halt in 2019.A less-than-three-minute trailer released early...
Dodgers deferred salaries spark MLB salary cap questions
Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024.Mike Lawrence | Major League Baseball |...
CFPB leaders and Elon Musk DOGE planned to fire nearly all staff
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | ReutersThe Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly...
American Airlines to start testing free inflight Wi-Fi
The main cabin of a American Airlines Boeing 777-300ER jet. Mary Altaffer | APAmerican Airlines is planning to test complimentary inflight Wi-Fi starting next week as pressure mounts on carriers to offer the service free of charge.The tests will be available on three...
Egg prices threaten Easter dye kit sales
Melkinimages | E+ | Getty ImagesThe egg aisle is anything but cheaper by the dozen these days — and that's becoming a big problem ahead of the Easter holiday.The makers of Easter egg dye kits are bracing for the potential fallout if the egg shortage doesn't begin to...
After Venu, Fox, Disney and WBD go it alone in sports streaming
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCWith Venu done before it even got out of the starting blocks, Fox Corp.,...
Senators grill Trump CFPB pick, Jonathan McKernan: ‘Good luck’
Jonathan McKernan, U.S. President Donald Trump's nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C.,...
Elon Musk sends Starlink tech to FAA, says without evidence air safety is ‘at risk’
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023Saul Loeb | AFP | Getty ImagesElon Musk said Thursday that he's sending his Starlink satellite...
Paramount ends DEI policies, cites Trump executive order
The Paramount Global headquarters in New York on Aug. 27, 2024.Yuki Iwamura | Bloomberg | Getty ImagesParamount Global told its employees this week that it's ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC.In the memo...
CFPB drops lawsuits against Capital One and Rocket Mortgage affiliate
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty ImagesThe Consumer...
FDA cancels vaccine advisory meeting for choosing flu shots
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | ReutersA crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation,...
January pending home sales drop to the lowest level on record
"For Sale" and "Sale Pending" signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty ImagesHigh...
Trump ‘gold card’ visa comes with a hidden tax break for the wealthy
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.President Donald Trump's proposed $5 million "gold...
Warner Bros. Discovery (WBD) Q4 2024 earnings
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia.Kevin Dietsch | Getty ImagesWarner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter...
Lucid’s top priorities following EV CEO’s departure
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly |...
Jeff Bezos orders new Washington Post opinion policy, says top editor resigned
(L-R) Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20,...
Eli Lilly to invest $27 billion in new U.S. manufacturing
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Wednesday said it will invest at least $27 billion to build four new manufacturing sites in the U.S., as...
TJX Cos. (TJX) Q4 2025 earnings
North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.Jeff Greenberg | Getty ImagesTJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the...
Lowe’s (LOW) Q4 2024 earnings
A Lowe's store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty ImagesLowe's topped Wall Street's quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead.The company said it...
GM raises quarterly dividend, initiates $6 billion stock buyback
DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits.GM announced Wednesday it is increasing its quarterly dividend by...
Target strikes deal with Champion as it tries to boost apparel sales
Target will soon have another brand to dangle as the discounter tries to convince more shoppers to buy clothing and other discretionary merchandise — Champion.On Wednesday, the cheap chic retailer announced that it's struck a multi-year deal with the sportswear brand...
Democrat senators question what Elon Musk plans to do with CFPB data
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017.Tom Williams | CQ Roll Call | Getty ImagesDemocrat lawmakers...
Lucid CEO Peter Rawlinson steps down; EV maker plans to double production
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesElectric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson has stepped down as the company expects to more than...
Rothy’s posts best year on record after wholesale expansion
Direct-to-consumer footwear brand Rothy's just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in...
Eli Lilly offers higher Zepbound weight loss drug doses on LillyDirect
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly...
Home Depot (HD) Q4 2024 earnings
A Home Depot store in Louisville, Kentucky, on Aug. 14, 2023.Jon Cherry | Bloomberg | Getty ImagesHome Depot will report its fiscal fourth-quarter earnings on Tuesday, as higher interest rates and home prices challenge the housing market and dampen demand for...
Jamie Dimon calls U.S. government ‘inefficient,’ touts Elon Musk’s DOGE effort
JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.Dimon was...
Starbucks to lay off 1,100 corporate workers
Starbucks' corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty ImagesStarbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee...
Bluebird Bio gene therapy sells itself to Carlyle and SK Capital
Sopa Images | Lightrocket | Getty ImagesBluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird's fall from the one of the buzziest biotech firms to one that was on...
Family-office gold rush spurs conference craze
From left, the Trump Royale, The Trump Palace and the Trump International Beach Resort are shown in Sunny Isles Beach, Florida, U.S. March 13, 2017.Joe Skipper | ReutersAs the rich have gotten richer, family offices have exploded in popularity, numbering 8,000...
IMAX CEO expects $1.2 billion in box office receipts in 2025
General atmosphere during an IMAX private screening for the movie "First Man" at an AMC theater in New York City on Oct. 10, 2018.Lars Niki | Getty Images Entertainment | Getty ImagesAn "embarrassment of riches" at the box office could fuel a $1.2 billion year for...
FDA says Wegovy and Ozempic shortage resolved; Hims & Hers stock falls
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy.Hollie Adams | ReutersThe long-running U.S. shortage of Novo Nordisk's blockbuster weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years, the Food and...
Home sales drop sharply in January as prices hit high
A "For Sale" sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty ImagesThe U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of...
NY Yankees beard ban is over, Steinbrenner says
Anthony Volpe #11, Jasson Domínguez #24 and Paul Goldschmidt #48 of the New York Yankees talk during spring training at George M. Steinbrenner Field on Feb. 19, 2025 in Tampa, Florida. New York Yankees | Getty ImagesStart spreading the news: For the first time in...
UnitedHealth faces DOJ investigation, buyouts, stock price drop
FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company UnitedHealthcare is shown in Cypress, California April 13, 2016. Mike Blake | ReutersUnitedHealthcare is in hot water again as the insurance giant grapples with a reported...
Rivian (RIVN) earnings Q4 2024
Rivian Automotive beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025.The electric vehicle maker reported a gross profit, which includes...
Trump blasts Boeing Air Force One delays, but airlines grow upbeat
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCPresident Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes.The planes are years behind schedule. Trump...
ESPN ‘flagship’ streaming service will host user-generated content
A general view of the ESPN Monday Night Countdown booth prior to the game between the Jacksonville Jaguars and the Cincinnati Bengals at EverBank Stadium in Jacksonville, Florida, on Dec. 4, 2023.Mike Carlson | Getty ImagesIn an attempt to court younger audiences,...
Hasbro (HAS) earnings Q4 2024
The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S.Andrew Kelly | ReutersToy and gaming giant Hasbro took an optimistic tone Thursday on the potential impact of Chinese tariffs on its business, as executives said the company is...
Eli Lilly Dan Skovronsky discusses weight loss drugs
Dan Skovronsky knows what makes a good obesity drug.As chief scientific officer at Eli Lilly, he's already done it once with the company's weekly shot, Zepbound. He's trying to do it again with a more convenient daily pill, then repeat the feat with a shot that could...
Eli Lilly to take big swings in Alzheimer’s, ALS and gene therapy
Heart disease. Hearing loss. Addiction. Chronic pain. Alzheimer's. ALS. These are some of the areas where Eli Lilly, flush with cash from its GLP-1 drugs, wants to make big bets. These are the ideas that are "hiding in plain sight," said Lilly Chief Scientific Officer...
San Francisco 49ers explore selling minority stake sale
A San Francisco 49ers helmet on the field during pregame warmups before an NFL game against the Arizona Cardinals at State Farm Stadium in Glendale, Arizona, on Dec. 17, 2023.Ryan Kang | Getty ImagesThe San Francisco 49ers may be the next National Football League...
United says government travel falls amid Trump, Musk firings
A United Airlines plane takes off from Ronald Reagan Washington National Airport in Arlington, Virginia, on November 23, 2021.Drew Angerer | Getty ImagesUnited Airlines says travel demand has been resilient lately — except from the U.S. government.Government travel...
Carvana (CVNA) earnings Q4 2024
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana topped Wall Street's top- and bottom-line expectations for the fourth quarter while guiding for another "strong" year in 2025.Carvana, as it has in the past, gave a broad...
Walmart (WMT) Q4 2025 earnings
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report its latest quarterly earnings before the bell on Thursday, as investors try to parse whether softer retail sales in January...
Forever 21 talking to liquidators, mulling second bankruptcy
Beleaguered retailer Forever 21 is in talks with liquidators about future steps for the fast fashion company, according to people familiar with the matter — a sign that it's struggling to find a buyer as it mulls a second bankruptcy filing.The company has been looking...
Walmart earnings: Wealthy shoppers boost sales
Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024.Gabby Jones | Bloomberg | Getty ImagesWalmart is known for its low prices and no frills approach.So it may come as a surprise that wealthier shoppers are helping to fuel the retailer's growth.For...
UnitedHealthcare offers buyouts, could pursue layoffs
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty ImagesUnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by...
Aviation groups urge Congress for emergency air traffic control funds
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023Saul Loeb | AFP | Getty ImagesThe U.S. aviation industry on Wednesday urged Congress to approve...
Hims & Hers to offer at-home blood draws, lab testing with Trybe deal
Hims & Hers Health announced Wednesday it has acquired New Jersey-based at-home lab testing facility Trybe Labs.The deal will allow the telehealth company to offer at-home blood draws and more comprehensive pre-treatment testing to its users."Access to richer data...
JetBlue talking to ‘multiple airlines’ about a new partnership
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty ImagesJetBlue Airways is talking with "multiple airlines" about a potential new partnership after federal judges struck down two...
Nikola files for Chapter 11 bankruptcy protection
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.Massimo Pinca | ReutersDETROIT — Nikola Corp. — an auto startup that was...
KFC moves U.S. headquarters from Kentucky to Texas
Signage outside a Yum Brands Inc. KFC restaurant in Shelbyville, Kentucky, on Jan. 29, 2021.Luke Sharrett | Bloomberg | Getty ImagesKFC is leaving Kentucky.The fried chicken chain's U.S. headquarters will move from Louisville, Kentucky, to Plano, Texas, owner Yum...
Sickle cell gene therapies push health plans toward new payment models
Starting in his early teens, Deshawn "DJ" Chow wasn't sure he'd ever be able to live a normal life. Crushing pain episodes brought on by his sickle cell disease were getting progressively worse. "It's just been hard skipping school and always being in and out of the...
Homebuilder sentiment falls in February amid tariff worries
Sentiment among the nation's single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly.The National Association of Home Builders' Housing Market Index (HMI)...
Nike teams up with Skims to launch new brand
Mannequins displaying shapewear at a Skims pop-up shop at the Nordstrom flagship store in New York, US, on Sunday, June 9, 2024. Bing Guan | Bloomberg | Getty ImagesNike has teamed up with Kim Kardashian's intimates brand Skims to launch a new line of activewear as...
Coca-Cola launches Simply Pop prebiotic soda to rival Olipop, Poppi
Coca-Cola is launching a prebiotic soda brand called Simply Pop, taking on upstarts Olipop and Poppi.Starting in late February, consumers on the West Coast and in the Southeast will be able to try Coke's iteration of the trendy drink.Soda consumption has broadly...
Southwest Airlines to slash 15% of corporate jobs in ‘unprecedented’ move to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines said Monday that it is cutting about 15% of...
Delta plane crashes on landing at Toronto airport, injuring at least 18
First responders work at the Delta Air Lines plane crash site at Toronto Pearson International Airport in Mississauga, Ontario, Canada February 17, 2025.Arlyn Mcadorey | ReutersAt least 18 people were injured after a Delta Air Lines regional jet crashed upon landing...
Crazy popcorn buckets are big business for movie theaters
Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023.Valerie Macon | AFP | Getty ImagesFor decades, popcorn has been a staple of the movie theater experience and exhibitors'...
McDonald’s, Chipotle warn of weak first quarter
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn like a lion, out like a lamb.That's how restaurant executives envision 2025 after a rough start to the year, largely caused by freezing temperatures,...
Here’s how two apps connect Black-owned restaurants with new customers
Zoom In IconArrows pointing outwardsEatOkra's mobile app lists nearby Black-owned restaurants.Courtesy: EatOkraWhen Anthony Edwards Jr. and his then-girlfriend, Janique, first moved to Brooklyn in 2016, they struggled to find food that was comfortable and familiar to...
Roku shares surge as company halves quarterly losses
Shares of Roku surged more than 10% Friday, at one point reaching a new 52-week high, on earnings that beat Wall Street expectations.In an interview on CNBC's "Squawk Box," CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku.Wood...
Target Walmart DEI decisions could hurt Black founders
Brown Girl Jane's sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves.Courtesy: Brown Girl JaneFragrance brand Brown Girl Jane's perfume...
Moderna (MRNA) Q4 earnings 2024
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is...
CVS earnings: (CVS) stock rises
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesAfter a dismal 2024, CVS Health could be starting to turn itself around. Some investors seem convinced, especially...
As Trump ups tariffs, GM and Hyundai increase South Korean imports
President Donald Trump welcomes South Korea's President Moon Jae-In at the White House in Washington, U.S., May 22, 2018.Carlos Barria | ReutersDETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for...
China biopharma deals rise with Summit, Merck
A worker is working on a drug production line at the production workshop of a pharmaceutical company in Meishan, China, on January 30, 2024. \Nurphoto | Nurphoto | Getty ImagesA little-known biotech company stunned the biopharmaceutical industry last spring when it...
CFPB staff purge begins with dozens of employees terminated
Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019.Jonathan Ernst | ReutersThe Consumer Financial Protection Bureau sent termination notices to several...
CVS CEO defends PBMs, accuses drugmakers of ‘monopolistic’ practices
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023.Al Drago | Bloomberg | Getty ImagesCVS Health CEO David Joyner on Wednesday defended controversial pharmacy...
Comcast and NBCUniversal receive FCC inquiry on DEI initiatives
U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville,...
ESPN host Stephen A. Smith ‘wouldn’t mind’ being U.S. president
Outspoken ESPN personality Stephen A. Smith is not ruling out a presidential run in his future.In an interview with CNBC Sport, Smith said, "I wouldn't mind being in office."Yet the popular television host said it's the campaigning and being a politician that turns...
Olipop prebiotic soda valued at $1.85 billion in funding round
Super Bowl Ad Olipop Poppi SodaSource: OlipopPrebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda...
Biogen (BIIB) earnings Q4 2024
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including...
‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.The bank's retail customers are spending about 6% more money in the first 40 days...
Restaurant Brands International (QSR) Q4 2024 earnings
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California.Mario Tama | Getty ImagesRestaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected...
Zelle payments top $1 trillion in 2024
Zelle icon displayed on a phone screen and Zelle logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland.Jakub Porzycki | Nurphoto | Getty ImagesZelle, the payments network run by bank-owned Early Warning Services,...
Tom Brady buys ownership stake in sports collectibles company
Seven-time Super Bowl champion Tom Brady is entering the sports collectibles space.Brady will acquire a 50% stake in CardVault, a sports card and memorabilia retailer, the company announced on Wednesday.As part of the deal, CardVault will change its name to "CardVault...
CVS Health (CVS) earnings Q4 2024
An exterior view of a CVS pharmacy in Danville, Pennsylvania. Paul Weaver | Lightrocket | Getty ImagesCVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical...
Super Bowl 59 viewership reaches record 127.7 million
Philadelphia Eagles head coach Nick Sirianni and quarterback Jalen Hurts celebrate with the Vince Lombardi Trophy after winning Super Bowl 59.Mike Segar | ReutersThe Philadelphia Eagles weren't the only ones that scored big at the Super Bowl.The National Football...
Tequila, mezcal sales are growing but Mexico tariffs may hit industry
A seller holds up a bottle of Casamigos, tequila from Diageo, the world's leading spirits maker, at a liquor store in Monterrey, Mexico, on Dec. 10, 2024.Daniel Becerril | ReutersThe U.S. spirits industry maintained its market share leadership over beer and wine for a...
$4 million Bugatti, Michael Jordan BMW highlighted classic car sales
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the online classic car marketplace,...
Why satellite company listed on Nasdaq
Satellite communications company Globalstar listed on the Nasdaq Tuesday after delisting from the New York Stock Exchange."We did a reverse split — we're a multibillion dollar company, but our stock price was down in the dollar-ish range," CEO Paul Jacobs told CNBC's...
Coca-Cola discusses Trump aluminum tariffs
Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on January 28, 2025. Firdous Nazir | Nurphoto | Getty ImagesCoca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of...
CFPB leaders announce resignations after stop-work order
Former Office of Management and Budget (OMB) Director Russell Vought takes his seat as he arrives to testify before a US Senate Homeland Security and Governmental Affairs Committee hearing on his second nomination to be OMB director, on Capitol Hill in Washington, DC,...
Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry
Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT — President Donald Trump's tariffs, both implemented and just threatened, are causing "chaos" for the U.S....
AI-powered company ScorePlay raises $13 million, led by athletes
ScorePlay video clipping toolScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday.The sports storytelling platform's investors include 20VC venture capital fund founder Harry...
Coca-Cola (KO) Q4 2024 earnings
James Quincey, CEO of Coca-Cola, speaking on CNBC's "Squawk Box" outside of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCoca-Cola is expected to report its fourth-quarter earnings before the bell on Tuesday.Here's what Wall...
Why Stellantis was the only automaker to advertise
Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during StellantisStellantisDETROIT — A CEO's exit, electric vehicles making the industry run around like "headless chickens" and a company's U.S. revival all came together to...
Trump could make changes to Medicare drug price negotiations
President Donald Trump arrives in the Brady Press Briefing Room at the White House on Jan. 30, 2025 in Washington, DC.Oliver Contreras | Afp | Getty ImagesPresident Donald Trump likely won't do away with a landmark process that allows Medicare to negotiate drug prices...
McDonald’s (MCD) Q4 2024 earnings
A McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024.Mario Tama | Getty ImagesMcDonald's is set to report its fourth-quarter earnings before the bell on Monday.Here is what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per...
Super Bowl commercials 2025: Live updates
Spanish-language telecasts will be on Fox Deportes and TelemundoViewers looking for a Spanish-language telecast of the Super Bowl will have two options this year: Fox's cable TV network Fox Deportes and NBCUniversal's over-the-air broadcaster Telemundo.The first time...
Skinny jeans are making a comeback
The vilified linchpin of millennial and Y2K fashion – the skinny jean – might be on its way to a comeback.Over the last few months, a range of skinny styles, including pants and jeans, have cropped up on fashion runways, influencer videos and Google search trends,...
Beauty stocks post major losses after a week of worrying results
An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City.Spencer Platt | Getty ImagesSeveral beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing...
San Francisco 49ers president touts AI as key to scouting
San Francisco 49ers quarterback Brock Purdy, the last pick in the 2022 National Football League draft, has become synonymous with flaws in NFL player evaluation. The team's president, Al Guido, hopes his organization can lean on artificial intelligence to improve...
AEW CEO Tony Khan says he wants to keep company private
All Elite Wrestling, the upstart professional wrestling league, will remain a privately-held family business instead of pursuing an initial public offering, according to founder and co-owner Tony Khan.Khan told CNBC Sport he had no interest in going public because he...
Ad execs say it’s still bang for your buck
NEW ORLEANS, LOUISIANA - FEBRUARY 03: A detailed view of drink koozies seen during an event ahead of Super Bowl LIX at Caesars Superdome on February 03, 2025 in New Orleans, Louisiana. (Photo by Jonathan Bachman/Getty Images)Jonathan Bachman | Getty Images Sport |...
How the families behind Chick-fil-A, Panda Express manage their wealth
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Andrew and Peggy Cherng made their billions from food...
The top lawyers for the wealthy’s most complicated divorces
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last week, Dan Rottenstreich’s law firm got an...
Companies holding the line, working behind the scenes
President Donald Trump speaks during a press conference at the White House in Washington, D.C., Jan. 30, 2025.Xinhua News Agency | Xinhua News Agency | Getty ImagesThere's a delicate balance playing out at corporations across America.As the Trump administration...
Ferrari-inspired mansion breaks local record in Delray Beach, Florida
A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million.Not only was the megadeal the biggest the area has ever seen, but it was also one of the most unusual: The sale included a...
E.l.f. Beauty CEO ‘relieved’ levies are only 10%
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding.The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was "relieved" the new tariff on Chinese...
NCAA bars transgender women from competing in women’s sports
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena.Charles LeClaire-USA TODAY SportsThe National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from...
Denver Broncos President Damani Leech praises NFL diversity commitment
Denver Broncos President Damani Leech praised the National Football League's commitment to diversity amid corporate and government efforts to reduce diversity, equity and inclusion hiring practices.Leech is one of four African American presidents of NFL teams."I think...
E.l.f. Beauty (ELF) earnings Q3 2025
E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and "softer than expected" sales trends in January, marking a rare downturn for one of beauty's hottest brands. The cosmetics company reported holiday sales that were higher than...
New Orleans prepares for blockbuster weekend
Kansas City Chiefs and Philadelphia Eagles flags at Voodoo Chicken & Daiquiris restaurant on Bourbon Street prior to Super Bowl 59.Kirby Lee | ReutersNew Orleans is preparing for an estimated 125,000 visitors and a presidential visit during the weekend of Super...
Drew Brees hints at return to broadcasting
Drew Brees of ESPN Monday Night Countdown on set before the game between the Miami Dolphins and the Los Angeles Rams at SoFi Stadium in Inglewood, California, on Nov. 11, 2024.Ric Tapia | Getty ImagesFormer New Orleans Saints quarterback Drew Brees said he'd like to...
Bank stocks pop after Fed releases ‘easier’ 2025 stress test
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesBank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress...
Calvin Klein owner PVH blacklisted in China
People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025.Adek Berry | AFP | Getty ImagesChina has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early...
Yum Brands (YUM) earnings Q4 2024
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesYum Brands on Thursday reported quarterly earnings and revenue that beat Wall Street estimates, fueled by strong sales for KFC's international...
Tapestry (TPR) Q2 2025 earnings
The logo of U.S. fashion brand Coach is seen in New York on Nov. 19, 2024.Charly Triballeau | AFP | Getty ImagesShares of Coach parent Tapestry shot up about 15% in premarket trading after the company beat holiday-quarter sales expectations and boosted its full-year...
Peloton (PTON) Q2 2025 earnings
Peloton told investors Thursday it still has a "steep hill to climb" to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike maker posted mixed fiscal...
Bristol Myers Squibb (BMY) earnings Q4 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday said it will slash $2 billion in costs by the end of 2027, expanding...
Eli Lilly to release weight loss drug retatrutide data in 2025
The Eli Lilly & Co. logo at the company's Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty ImagesEli Lilly on Thursday said it expects to release data from a late-stage trial on its next-generation...
Eli Lilly (LLY) earnings Q4 2024
The Lilly Biotechnology Center in San Diego, California, on March 1, 2023.Mike Blake | ReutersEli Lilly on Thursday reported mixed results for the fourth quarter as sales of its blockbuster weight loss Zepbound and diabetes drug Mounjaro soared but saw lower realized...
CEO Lars Fruergaard Jorgensen discusses Wegovy
It's been a rocky few months for Novo Nordisk.Prescription data from IQVIA suggests Novo's obesity drug Wegovy is losing ground to rival Zepbound from Eli Lilly. Wegovy's potential successor, CagriSema, came up short of investor expectations in a closely watched Phase...
Immersive sports firm Cosm eyes international expansion, funding round
Cosm may be coming to a city near you — both in the U.S. and abroad.The immersive sports-viewing technology company has built two dome venues in Los Angeles and Dallas that emulate the experience of being live at a sports stadium. The startup plans to build two more...
DOT Secretary spoke with Musk on airspace reform
An American Airlines plane takes off as a salvage barge with a crane is positioned near the crash site along the Potomac River after a passenger jet collided with a helicopter while landing at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US,...
Ford Motor (F) earnings Q4 2024
DETROIT — Ford Motor beat Wall Street's top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for the company, as CEO Jim Farley promises improvements in vehicle quality and costs.Shares of Ford fell 5% in after-hours...
Ford CEO calls for ‘comprehensive’ tariff analysis for all countries
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13,...
Trump China tariffs will affect Ford, GM vehicles and auto parts
2024 Lincoln Nautilus FordDETROIT — President Donald Trump's move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle...
Barbies and Hot Wheels more expensive under Trump tariffs
The new and old versions of the classic Barbie dolls are on display at Mattel Design Center in El Segundo, California, U.S., February 22, 2024. Mario Anzuoni | ReutersMattel could soon raise the prices of toys like Barbie and Hot Wheels in response to new tariffs...
NWSL agrees to settlement over past mistreatment of players
The official NWSL game ball sits on top of a pedestal with the NWSL Logo on it with the stadium behind the ball at the start of the National Women's Soccer League match between NJ/NY Gotham FC and North Carolina Courage at Red Bull Arena on May 4, 2024 in Harrison,...
All 67 victims recovered, officials say
Family members visit the crash site on the banks of the Potomac River, where American Airlines flight 5342 collided with a US Army military helicopter, at Ronald Reagan Washington National Airport in Arlington, Virginia, on February 2, 2025. Tasos Katopodis | Getty...
Chipotle Mexican Grill (CMG) Q4 2024 earnings
A Chipotle restaurant stands in Manhattan, New York City, on Feb. 6, 2024.Spencer Platt | Getty ImagesChipotle Mexican Grill on Tuesday said traffic to its restaurants keeps rising, helping the company top analysts' estimates for its quarterly earnings.However, the...
Trump tariffs may raise avocado costs
Boxes of avocados are seen at the Central de Abastos market in Guadalajara, Jalisco state, Mexico, on Jan. 31, 2025.Ulises Ruiz | Afp | Getty ImagesChipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go...
Disney (DIS) earnings Q1 2025
Mickey Mouse and Minnie Mouse balloons fly in front of Cinderella's Castle at the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on May 31, 2024.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal first-quarter earnings before the...
Walmart buys Monroeville Mall in Pennsylvania
A Walmart Supercenter during Walmart's multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesWalmart is now a mall owner.On Tuesday, the big-box retailer confirmed that it bought Monroeville...
GM cuts 50% of Cruise staff after ending robotaxi business
A robot car of the General Motors subsidiary Cruise is on a test drive.Andrej Sokolow | picture alliance | Getty ImagesGeneral Motors is laying off roughly half of its employees who remain at its discontinued Cruise robotaxi business.The plans come two months after GM...
Vaccine stocks fall as Senate advances RFK Jr. HHS nomination
FILE PHOTO: Robert F. Kennedy Jr., U.S. President Trump's nominee to be secretary of Health and Human Services, testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30,...
Boeing Starliner crew spacecraft losses total $2 billion
Boeing spacecraft Starliner is seen from the window of SpaceX's Dragon capsule "Endeavour" on July 3, 2024, while docked with the International Space Station during the crew flight test.NASABoeing has lost more than $2 billion and counting on its Starliner spacecraft...
Fox subscription streaming service planned for this year
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Brian Rothmuller | Icon Sportswire | Getty ImagesFox Corp. is finally getting into the direct-to-consumer...
McDonald’s Shamrock Shake returns with Uncle O’Grimacey
McDonald’s Shamrock ShakeSource: McDonald'sMcDonald's is leaning on customers' nostalgia for its McDonaldland characters to spur sales of its Shamrock Shake.The company said Tuesday that Grimace will reunite with his Irish uncle, Uncle O'Grimacey, bringing the mascot...
Merck (MRK) earnings Q4 2024
Sopa Images | Lightrocket | Getty ImagesMerck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street's expectations, as the company temporarily paused shipments of a key vaccine into China. Shares of Merck fell more than 7% in premarket...
Pfizer (PFE) earnings Q4 2024
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersPfizer on Tuesday reported fourth-quarter earnings and revenue that beat estimates as sales of the...
PepsiCo (PEP) Q4 2024 earnings
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks...
Fox free streamer Tubi to offer the game
The last time Fox Corp. aired the Super Bowl, it featured buzzy commercials about its streaming service, Tubi.This year, the broadcaster is taking a bigger leap with the free, ad-supported streamer. It's offering football's biggest game on the service, too."This time...
Construction and home costs could rise
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices.Now tariffs on building materials are adding even more pressure.Roughly 30% of softwood lumber...
Trump tariffs could raise drug costs, worsen shortages
Shana Novak | Stone | Getty ImagesPresident Donald Trump's steep tariffs on Canada, Mexico and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients and threaten cash-strapped generic drugmakers, some drug trade groups...
Trump tariffs could threaten Hollywood production, box office recovery
The Hollywood sign in Los Angeles on Jan. 22, 2024Mario Tama | Getty Images News | Getty ImagesLOS ANGELES — President Donald Trump just launched a trade war with Hollywood's best friend.Known as Hollywood North, Canada has been a bustling production hub for American...
Honda’s new EV production revolution begins with $1 billion in Ohio
A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker's assembly plant in Marysville, Ohio. Michael Wayland / CNBCMARYSVILLE, Ohio — Honda Motor is launching the next generation of its manufacturing in a historically unusual place for the...
FAA to restrict helicopter traffic near D.C. airport after plane crash
The air traffic control at Ronald Reagan Washington National Airport is pictured, in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, as seen from Virginia on Jan. 30, 2025.Evelyn Hockstein |...
New York City office demand is finally back to normal
The Empire State Building, The Chrysler Building and One Vanderbilt are seen amongst other buildings in midtown Manhattan on January 11, 2024 in New York City.Angela Weiss | Afp | Getty ImagesDemand for New York City office space has finally returned to pre-pandemic...
WNBA files for ‘Detroit Shock’ trademark as city bids for team
The Renaissance Center (complex of skyscrapers with the Chrevrolet sign) by the Detroit River.Roberto Machado Noa | Lightrocket | Getty ImagesAs cities across the country vie for the next Women's National Basketball Association team, the league quietly filed a...
Investigators look for clues in fatal collision
The air traffic control at Ronald Reagan Washington National Airport is pictured, in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, with the Capitol dome in the background, as seen from...
Shein releases product safety data ahead of London IPO
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein's Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | ReutersShein is ramping up its charm offensive again as the fast fashion giant eyes a public...
Manufacturers prepare for higher costs
As President Donald Trump threatens to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact.Though Trump is pledging to take his biggest initial swing at Canada and Mexico with a proposed 25% tariff, the U.S....
RFK Jr. struggles with Medicare, Medicaid basics in Senate hearings
Robert F. Kennedy Jr., U.S. President Trump’s nominee to be secretary of Health and Human Services, testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 30, 2025. Nathan Howard...
LVMH watches, jewelry CEOs see luxury sales picking up
After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs.In its earnings call this week, LVMH reported that sales for its watches...
Billionaires bet on AI to security guards
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Europe's richest person, Bernard Arnault, built his...
This is what’s at stake for U.S. auto industry
A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025.Guillermo Arias | AFP | Getty ImagesDETROIT — As President Donald Trump's threat to...
FDA approves Vertex non-opioid painkiller drug Journavx
The Food and Drug Administration on Thursday approved Vertex Pharmaceuticals' non-opioid painkiller pill, a new alternative for pain relief that comes without the risk of addiction. Vertex is now the first drugmaker in decades to gain U.S. approval for a new type of...
American Airlines plane crash highlights concerns with U.S. airspace
Emergency response units search the crash site of the American Airlines plane on the Potomac River after the plane crashed on approach to Reagan National Airport on January 30, 2025 in Arlington, Virginia. Andrew Harnik | Getty ImagesRescuers were still retrieving...
December pending home sales drop as mortgage rates surge
Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.The drop followed four straight months of gains and is the index was at its lowest level...
CEO says it’s not clear why helicopter came into flight path
CEO of the American Airlines Robert Isom addresses the media, after American Eagle flight 5342 collided with a Black Hawk helicopter while approaching Ronald Reagan Washington National Airport and crashed into Potomac River, in Washington, U.S. January 30, 2025. Kevin...
Comcast shifts strategy to mobile as broadband disappoints
Igor Golovniov | Lightrocket | Getty ImagesCable giant Comcast is looking to the wireless business for growth.Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers...
American Airlines collision is the worst U.S. air disaster in years
A screen grab captured from a video shows a regional plane collided in midair with a military helicopter and crashed into the Potomac River in Washington, D.C. United States on Jan. 29, 2025. Kennedy Center Cam | Anadolu | Getty ImagesThe midair collision of a...
Twin Peaks goes public, Panera, Fogo de Chao consider IPOs
Twin Peaks sports bar in Louisville, Kentucky.Google MapsSports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker "TWNP," making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to...
Comcast (CMCSA) earnings Q4 2024
Jeff Fusco | Getty ImagesComcast reports its fourth-quarter earnings before the bell on Thursday. Wall Street will be paying close attention to the state of the company's broadband business, as well as any progress of the spinout of its cable TV networks.Comcast's...
Major League Table Tennis signs first media deal with CBS Sports
Major league table tennis player Debora VivarelliMasha ZolotukhinaMajor League Table Tennis is going primetime.The pro table tennis league that got its start in 2023 by software entrepreneur Flint Lane has signed its first-ever national television deal with CBS...
RFK Jr. Senate confirmation hearing highlights
Robert F. Kennedy Jr., President Donald Trump's controversial pick to lead the Department of Health and Human Services, testified Wednesday before a crucial Senate panel, where he faced questions about vaccine skepticism, his evolving views on abortion and grasp of...
Levi Strauss (LEVI) earnings Q4 2024
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales...
NASA’s SpaceX plan as Trump and Musk call for astronaut return
Elon Musk speaks with U.S. President-elect Donald Trump and guests at a viewing of the launch of the sixth test flight of the SpaceX Starship, in Brownsville, Texas, U.S., November 19, 2024.Brandon Bell | Via ReutersElon Musk and President Donald Trump took to social...
American Airlines jet collides with military helicopter near D.C. airport
A view of emergency response looking from Arlington, Va., south of Ronald Reagan Washington National Airport, across the Potomac River toward the District of Columbia, Wednesday, Jan. 29, 2025.Alex Brandon | APAn American Airlines regional jet with 64 people aboard...
Planet lands $230 million contract for Pelican imagery satellites
An animated rendering of a Pelican satellite in orbit.PlanetSatellite imagery and data analysis company Planet announced it had signed a $230 million contract on Wednesday, with an anchor customer furthering the rollout of its next-generation Pelican satellites."It is...
Fox Super Bowl ads beckon up to $8 million apiece
Fox Corp. is scoring big this Super Bowl.The broadcaster has sold out of ad spots for Super Bowl 59 on Feb. 9, and more than 10 of those commercials sold for $8 million apiece, according to a person familiar with the matter.Fox reported during its November earnings...
Frontier Airlines proposes merging with fellow budget carrier Spirit
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesFrontier Airlines said Wednesday it has again proposed merging with struggling rival...
Starbucks (SBUX) Q1 2025 earnings
Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company's quarterly earnings and revenue beat Wall Street's expectations.The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its...
Top-ranked Rockefeller book at center of publishing mystery
A print copy of "The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom" purchased on Amazon.CNBCThe mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any...
Novo Nordisk’s Ozempic wins FDA approval for chronic kidney disease
The Food and Drug Administration on Tuesday approved Novo Nordisk's Ozempic for patients with chronic kidney disease and diabetes, expanding the use of the wildly popular injection in the U.S. The drug is already widely used and covered to treat Type 2 diabetes. The...
Elon Musk is working with Boeing to deliver Air Force One replacements
First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan....
Starbucks adds two former Taco Bell executives ahead of earnings
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024.CNBCStarbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key...
Elon Musk’s X partners with Visa to offer digital wallet
Elon Musk's social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa.X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money...
Food as medicine startups could benefit
Robert Kennedy Jr., U.S. President-elect Donald Trump's nominee to run the Department of Health and Human Services, arrives at the Hart Senate Office Building on Capitol Hill in Washington, U.S., December 16, 2024. Benoit Tessier | ReutersAs Robert F. Kennedy Jr....
JetBlue shares tumble roughly 20% after disappointing outlook
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares tumbled Tuesday after the carrier's financial outlook disappointed...
Starbucks, McDonald’s, Chipotle to report
People pass by a Starbucks coffee shop in Manhattan, New York, United States on January 15, 2025. Mostafa Bassim | Anadolu | Getty ImagesStarbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies...
Major League Pickleball looks to add teams, reach profitability this year
Ben Johns of the Carolina Pickleball Club rallies the ball during a Major League Pickleball match at Wollman Rink in New York on Sept. 21, 2024.Icon Sportswire | Icon Sportswire | Getty ImagesMajor League Pickleball is on the brink of profitability and is now looking...
Boeing (BA) 4Q 2024 earnings
Kelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C.Kris Tripplaar | SIPPL Sipa USA | APBoeing CEO Kelly Ortberg on Tuesday laid out a recovery plan for the company as he faces investors antsy for...
JetBlue offers some pilots early retirement packages, union says
A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia.Alex Wong | Getty ImagesJetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday.The carrier has...
General Motors (GM) earnings Q4 2024
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — General Motors is set to report fourth-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting, according to...
Trump health care plan likely good for pharmaceutical companies
U.S. President Donald Trump speaks about prescription drug prices during an appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 20, 2020.Carlos Barria | ReutersPharmaceutical companies appear to be hopeful about their growth...
China-made BYD Shark pickup is a predator circling global truck market
BYD Shark plug-in hybrid electric pickup truckMichael Wayland / CNBCDETROIT — There's a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck.Without...
Aerial firefighting companies’ new challenge: Keeping up with demand
As out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season.The California Department...
Target rolls back major DEI initiatives
Target on Friday said it's rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers.In a memo sent to its employees, the Minneapolis-based retailer said it will end its...
AmEx spending picked up at year-end, thanks to younger cardholders
Silas Stein | Picture Alliance | Getty ImagesAmerican Express's affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.Spending on AmEx cards jumped 8% year over year in the fourth...
For Good’ creates a unique marketing challenge
A still from the film "Wicked."Source: Universal StudiosUniversal is hoping the excitement around "Wicked" can hang around — for good.The movie studio faces a unique challenge: promote and release two build-on films just one year apart. Part one of the "Wicked"...
AI-enhanced films score nods for acting, editing
Adrian Brody in "The Brutalist"Source: A24Two films facing controversy over their use of artificial intelligence led the nominees for the Academy Awards announced Thursday."The Brutalist," a drama about a Hungarian-Jewish architect who survives the Holocaust and flees...
UnitedHealthcare names Tim Noel new CEO after Brian Thompson killing
UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesUnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top...
Nikola shares nosedive on report of potential sale
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.Massimo Pinca | ReutersDETROIT — Shares of Nikola closed Thursday down 27.8%...
Boeing expects $4 billion loss for fourth quarter after chaotic 2024
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington.Lindsey Wasson | ReutersBoeing said Thursday that it likely lost about $4 billion in the...
Norovirus vaccine from Moderna could have Phase 3 results this year
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesNorovirus is raging across the U.S. this winter. Moderna might soon have a vaccine for it. A large phase...
Airlines flex pricing power, signaling higher fares in 2025
Travelers walk through O'Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty ImagesHigher airfare is in store this year as strong demand, even during the dead of winter, and...
Store closures rise, led by Party City, Big Lots, Walgreens
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty ImagesStore closures in the U.S. last year hit the highest level since the pandemic — and even more locations are...
Shein exec Donald Tang says Trump tariffs should be applied equally
A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | ReutersShein's ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are "applied equally," the company's executive chairman Donald Tang said on...
Adidas to cut up to 500 jobs
Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024.Justin Sullivan | Getty ImagesAdidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will...
GM’s newest performance vehicle is a Cadillac called the Lyriq-V
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.Cadillac expects to achieve that target with an expanding...
Top sports agent says WNBA salaries are ‘blatantly unfair’
The WNBA has a salary problem, and it's "blatantly unfair to its players," according to top sports agent Jeff Schwartz.Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to...
Christie’s CEO Bonnie Brennan is targeting younger collectors, crypto
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Art house Christie's is aiming to tap the next...
Morgan Stanley CEO Ted Pick says will work with regulators
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets.Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On...
American Airlines (AAL) 4Q 2024 earnings
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesAmerican Airlines' first-quarter earnings outlook on Thursday fell short of...
CNN to lay off hundreds of employees post-inauguration, sources say
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024.John Nowak | CNN | Via ReutersWarner Bros. Discovery's CNN plans to lay off hundreds of employees Thursday as...
Stellantis chairman details U.S. investments for Jeep, Ram to Trump
Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024.Massimo Pinca | ReutersDETROIT — Stellantis Chairman John Elkann detailed several upcoming plans...
Family offices assistants earn as much as $190,000 a year
Martin-dm | E+ | Getty ImagesGood help is hard to find. Family offices, the private investment firms of the ultra-wealthy, are increasingly willing to pay extra for it.The talent war between family offices and Wall Street has driven up salaries not only for top...
Retail crime ‘queenpin’ Michelle Mack to pay restitution to Ulta
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to pay those retailers back as part of her sentence.Michelle Mack, who...
U.S. stock market is ‘inflated’
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCJPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock...
Jamie Dimon on Trump’s tariffs: ‘Get over it’
JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively.Despite fears that the duties could spark a global trade war and reignite inflation domestically, the...
Procter & Gamble (PG) Q2 2025 earnings
Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California. Justin Sullivan | Getty ImagesProcter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, thanks...
United Airlines (UAL) 4Q 2024 earnings
A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty ImagesUnited...
Netflix raises prices on standard, ad-supported plans
The word "Netflix" shines brightly at the presentation of the new season (3) of the Netflix series "Bridgerton" in the Flora.Rolf Vennenbernd | Picture Alliance | Getty ImagesNetflix is hiking the price of most of its U.S. plans.The streaming giant announced on...
‘Moana 2’ tops $1 billion, extending Disney’s box office domination
Dwayne Johnson voices Maui in Disney Animation's "Moana 2."DisneyThe Walt Disney Company's box office domination continued over the holiday weekend."Moana 2" topped $1 billion during the Martin Luther King Jr. Day weekend, becoming the studio's third 2024 release to...
Netflix (NFLX) earnings Q4 2024
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, its recent collection...
Eric Schmidt’s family office invests AI startups
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Eric Schmidt, the billionaire former CEO of Google ,...
Goldman Sachs launches AI assistant as the tech sweeps banking
Goldman Sachs GS AI AssistantCourtesy: Goldman SachsGoldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee,...
Financial industry will embrace crypto if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.The head of the second-largest U.S. bank by assets was asked by CNBC's Andrew Ross Sorkin about how the industry's approach...
FDA approves Johnson & Johnson nasal spray Spravato for depression
This photo provided by Janssen Global Services shows Spravato nasal spray.Janssen Global Services via APThe Food and Drug Administration on Tuesday approved Johnson & Johnson's nasal spray to be used alone in adults with a major depressive disorder that is...
Products and companies most at risk
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesMany of the items that U.S. shoppers browse and buy in retailers' aisles come from far-away factories or farms — a reality that could soon force many consumers...
FAA grounds SpaceX Starship, reports property damage in Caribbean
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APThe Federal Aviation Administration said on Friday that SpaceX's Starship rocket is grounded until the company and regulator complete an...
FTC sues PepsiCo over price discrimination
Cans of Pepsi are on display at a Target store in the Flatbush neighborhood of Brooklyn, New York City, on Feb. 9, 2024.Michael M. Santiago | Getty ImagesThe Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the...
Unrivaled women’s basketball league debuts Friday
Unrivaled 3-on-3 women's basketball leagueCourtesy: UnrivaledUnrivaled, a new 3-on-3 women's professional basketball league, launches Friday, presenting both a major test and opportunity for women's sports to boost its growing profile in the United States.The league,...
Medicare drug price negotiations list includes Ozempic
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. George Frey | ReutersThe Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and...
Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
A Zoox robotaxi sits outside the company's large office and warehouse in Las Vegas.Michael Wayland / CNBCLAS VEGAS — This year is expected to be a crucial one for Amazon's autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its...
Wall Street banks see deal activity picking up, even after record results
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC,...
Starship rocket breaks up midflight, but SpaceX catches booster again
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APSpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the upper stage of the rocket that...
Investors pitch NBA rival basketball league advised by Maverick Carter
Maverick Carter, co-founder and chief executive officer of The SpringHill Company, during the USC Next Level Sports Conference in Los Angeles, California, US, on Thursday, Oct. 17, 2024. Kyle Grillot | Bloomberg | Getty ImagesA group of high powered investors want to...
LIV Golf, Fox Sports announce multiyear media rights deal
A general view of the 18th green the LIV Golf logo and Club 54 during the 3rd round of the LIV Golf Invitational Series Bedminster on July 31, 2022 at Trump National Golf Club in Bedminster, New Jersey.Rich Graessle | Icon Sportswire | Getty ImagesLIV Golf announced...
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier...
First New Glenn rocket reaches orbit
Blue Origin's New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on January 16, 2025.Gregg Newton | Afp | Getty ImagesBlue Origin launched its towering New Glenn rocket for the first time...
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
A Spirit Airlines plane at New York's LaGuardia AirportLeslie Josephs/CNBCSpirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November."We are...
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesDETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last...
Target reports holiday sales early Q4 2024 earnings
Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York. Lindsey Nicholson | Getty ImagesTarget raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday...
Morgan Stanley (MS) earnings Q4 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday.Here's what Wall...
Bank of America (BAC) earnings Q4 2024
Brian Moynihan, CEO of Bank of America, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBank of America reported fourth-quarter earnings before the opening bell Thursday.Here's what the company...
JPMorgan Chase boosting buybacks after Dimon called stock expensive
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Ludovic Marin | Via ReutersJPMorgan Chase executives said the bank...
Medicare $2,000 prescription drug cap may save enrollees thousands: AARP
Most Medicare patients who hit the new $2,000 cap on out-of-pocket spending for prescription drugs could see massive savings, despite changes in premiums, according to a report released Thursday by AARP. The findings suggest the cap could be a huge benefit to older...
FTC sues Deere over equipment repair costs for farmers
John Deere booth signage is displayed at CES 2023 at the Las Vegas Convention Center on January 6, 2023 in Las Vegas, Nevada.David Becker | Getty ImagesThe Federal Trade Commission has sued agricultural equipment giant Deere & Company, arguing it holds a monopoly...
Schizophrenia drug Cobenfy could treat Alzheimer’s
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb believes Alzheimer's is the largest market for its newly approved...
Firefly Aerospace kicks off first moon mission after SpaceX launch
The company's Blue Ghost moon lander before shipping out for launch.Firefly AerospaceAnother American company, Texas-based rocket and spacecraft builder Firefly Aerospace, is moon-bound.Firefly's "Blue Ghost" cargo lander launched from Florida early Wednesday morning...
Goldman Sachs (GS) earnings Q4 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs on Wednesday posted fourth-quarter results that topped estimates on...
Disney wins 2024 box office
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyFoul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024.Full-year ticket sales were down just 3.4% from 2023, reaching $8.74...
JPMorgan Chase (JPM) earnings Q4 2024
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report...
CFPB sues Capital One for ‘cheating’ customers out of over $2 billion in interest
FILE PHOTO: Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021. Andrew Kelly | ReutersThe Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account...
Boeing delivered 30 airplanes in December as gap with Airbus widens
Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and...
Eli Lilly LLY cuts 2024 revenue outlook on weight loss drugs
The Eli Lilly & Co. logo at the company's Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty ImagesEli Lilly cut its revenue guidance on Tuesday as it said demand for its weight loss and diabetes drugs...
Southwest Airlines makes new cuts to company spending to reduce costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines is pausing corporate hiring and promotions,...
JPMorgan Chase COO Daniel Pinto stepping down in June
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024.Saul Loeb | AFP | Getty ImagesJPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel...
Netflix and Comcast among companies donating to LA wildfire relief
Evacuees from the Eaton fire look through boxes of clothes at a donation center in Santa Anita Park, Arcadia, California, Jan. 13, 2025.Etienne Laurent | AFP | Getty ImagesAs Los Angeles continues to battle wildfires that have destroyed parts of the city and killed at...
Comcast, Harris Blitzer to build NBA, NHL stadium in South Philadelphia
Joe Daniel Price | Moment | Getty ImagesHarris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA's 76ers and the NHL's Flyers.The deal represents a reversal from...
Eli Lilly CEO expects new weight loss pill to be approved next year
David Ricks, CEO, Eli LillyScott Mlyn | CNBCEli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday.The company is set to release key late-stage trial data on the drug, orforglipron,...
Moderna lowers 2025 sales forecast by $1 billion
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesModerna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech...
Lululemon, Abercrombie release early 2024 holiday sales numbers
ORLANDO, Fla. -- Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon's new outlook went over well with investors, leading shares to rise...
JWN raises sales outlook after better holiday season
Shoppers walk into a Nordstrom department store in Austin, Texas, on March 3, 2023.Brandon Bell | Getty ImagesNordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store's...
McDonald’s to close three CosMc’s locations — and open two more
A sign hangs outside of a CosMc's restaurant, a concept recently launched by McDonald’s, in Bolingbrook, Illinois, on Dec. 11, 2023.Scott Olson | Getty ImagesMcDonald's will shutter three locations of its drinks-focused spinoff brand, CosMc's.To test the concept, the...
Airlines extend travel waivers for LAX,
In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty ImagesAirlines have extended travel waivers for Los Angeles airports as...
Ford reveals new special edition of $325,000 Mustang GTD
2025 Mustang GTD Spirit of AmericaFordDETROIT — Ford Motor on Thursday revealed a special edition of its $325,000 Mustang GTD called "Spirit of America," a nod to historical jet-propelled cars sharing the same name.The white vehicle features red and blue stripes down...
Airlines cancel more than 2,000 U.S. flights amid storm, Delta slide-evacuation at Atlanta
Snow blankets the Hartsfield-Jackson Atlanta International Airport as a winter storm moves into the area on Jan. 10, 2025 in Atlanta, Georgia.Joe Raedle | Getty ImagesAirlines canceled more than 2,000 flights on Friday as a massive winter storm snarled travel across...
Stellantis aims to improve U.S. sales, market share in 2025
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | AFP | Getty ImagesDETROIT –...
High-cost weight loss drugs boost nutrition counseling with employers
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro.Picture Alliance | Getty ImagesA few years ago, when Virta Health founder and CEO Sami Inkinen approached employers about leveraging the company's nutrition-oriented digital diabetes program for...
Audemars Piguet CEO Ilaria Resta reinvents luxury watches
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Audemars Piguet, the prestigious Swiss watch brand,...
Chuck E. Cheese makes comeback after bankruptcy
Chuck E. Cheese's parent company has spent $230 million renovated its stores.Source: CEC EntertainmentFour years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation.In June...
Disney, Fox and Warner Bros. Discovery call off Venu sports streaming service
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCDisney, Fox and Warner Bros. Discovery have called off plans to launch...
Ford CEO says China operations earned $600 million in 2024
Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024.Michael Wayland/ CNBCDETROIT — Ford Motor's operations in China earned roughly $600 million last year despite challenging market conditions, CEO...
Delta Air Lines (DAL) 4Q 2024 earnings
Ed Bastian, CEO of Delta Airlines, speaking on CNBC's Power Lunch on Dec. 17th, 2024.Adam Jeffery | CNBCDelta Air Lines' first-quarter outlook on Friday topped analyst expectations as the carrier forecast strong travel demand to start the year, which CEO Ed Bastian...
Walgreens (WBA) earnings Q1 2025
People walk by a Walgreens on Nov. 3, 2024 in Brookline, Massachusetts.Danielle DeVries | CNBCWalgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough...
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
From Japan to St. Lucia, here’s where airfare is falling in 2025
Tourists take photos in Shinsekai with Tsutenkaku tower in sight in Osaka, Japan, on December 12, 2024. Kichul Shin | Nurphoto | Getty ImagesPlanning an international trip this year? You could be in luck, if you're willing to fly far.Long-haul trips are cheaper than...
NHL plans to host two outdoor games in Florida in 2026
Sean Pavone | Istock | Getty ImagesOutdoor hockey in Florida? The National Hockey League says it is up for the challenge.The NHL announced Wednesday that it will host its first outdoor games in the Sunshine State.The league will feature two matchups next year, one as...
Medicare can cover Eli Lilly’s Zepbound for sleep apnea: Health Department agency
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersMedicare drug plans can now cover Eli Lilly's blockbuster obesity drug Zepbound for obstructive sleep apnea, CNBC confirmed on...
157 million monthly active users watch ad-supported content
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesDisney said Wednesday it has an estimated 157 million global monthly active users watching...
VW Scout has more than 50,000 reservations for upcoming EVs
Scout Terra pickup truck and Scout Traveler SUV conceptsScoutLAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.Volkswagen revived Scout, which was an...
Used car prices set to stabilize in 2025 after pandemic volatility
Used Honda Pilots are displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesUsed vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to...
Delta to link loyalty program to Uber, ending partnership with Lyft
Travelers wait for an Uber ride-share vehicle at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesDelta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the...
J&J says lung cancer drugs Rybrevant and Lazcluze extend survival
Niels Wenstedt | Getty ImagesJohnson & Johnson on Tuesday said its lung cancer regimen keeps people alive for at least a year longer than AstraZeneca's Tagrisso, the go-to drug for a certain type of lung cancer.J&J in a statement said its drugs – Rybrevant and...
Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
Honda 0 Saloon & Honda 0 SUV prototypesHondaLAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company's newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio.The vehicles are...
Puma challenges Tiger Woods’ Sun Day Red logo
Puma logo (L) and Sun Day Red Tiger logo (R)Source: U.S. Patent and Trademark OfficeSun Day Red is not out of the woods yet in regard to trademarking its logo.Footwear giant Puma filed a last-minute notice of opposition against Tiger Woods' logos tied to his Sun Day...
Frontier plans new flights from JFK to Miami, Los Angeles and Dallas
Frontier AirlinesNurphoto | Nurphoto | Getty ImagesDiscount carrier Frontier Airlines is beefing up service in New York, planning new routes to major American Airlines hubs with fares starting under $20.The airline plans to launch service between New York's John F....
BMW plans to install new ‘panoramic’ display in all vehicles
BMW plans to offer a new operating system and "panoramic" display in its new vehicles, starting toward the end of this year.BMWLAS VEGAS — BMW AG plans to offer a new operating system and "panoramic" display in all of its upcoming vehicles starting toward the end of...
True Religion acquired by PE firm, Jay Schottenstein firm
True Religion Brand Jeans shop entrance: The company sell what they refer to as 'premium denim' which is handmade in America. Roberto Machado Noa | Lightrocket | Getty ImagesJeans brand True Religion has been acquired by private equity firm Acon Investments and...
Panera Brands CEO Jose Duenas steps down, CFO to fill in
A Panera Bread restaurant is seen on the day it is announced that the Panera Bread company is acquiring sandwich rival Au Bon Pain on November 8, 2017 in Miami Beach, Florida. Joe Raedle | Getty ImagesPanera Bread's parent company announced Tuesday that CEO Jose...
Fed’s Michael Barr clears way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.Ann Saphir |...
Online holiday spending rises with discounts, AI chatbots, Adobe says
Alistair Berg | Digitalvision | Getty ImagesOnline spending rose 8.7% during the holiday season from last year, according to data from Adobe Analytics, as deals and the use of AI-powered chatbots helped inspire purchases.Sales on retailers' websites and apps totaled...
Stellantis reveals redesigned Ram heavy-duty trucks
2025 Ram 2500 Heavy DutyRamDETROIT — Stellantis has redesigned its large Ram heavy-duty trucks — and it's betting those updates will help reverse three consecutive years of sales declines for the brand.The new Ram 2500 and 3500 pickups and chassis cab trucks feature...
Eli Manning interested in New York Giants minority ownership
Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake."It's definitely something of interest," said Manning, who spoke in a CNBC Sport interview. "There's probably only...
Sierra Space CEO Tom Vice leaves the company
Tom Vice, CEO of Sierra Space, talks to employees in front of the company's Dream Chaser space plane on Oct. 30, 2023 in Louisville, Colorado.Helen H. Richardson | Denver Post | Getty ImagesSierra Space CEO Tom Vice has left the company, CNBC confirmed Monday.In a...
Ulta Beauty names new CEO Kecia Steelman to replace Dave Kimbell
People walk past an Ulta Beauty store in the Manhattan borough of New York City on March 8, 2022.Carlo Allegri | ReutersUlta Beauty CEO Dave Kimbell is retiring and will be replaced by the retailer's Chief Operating Officer Kecia Steelman, the company announced...
UK visitors from dozens of countries will have to pay new entry fee
Pedestrians shelter from the rain under umbrellas as they pass the Elizabeth Tower, commonly known by the name of the clock's bell, Big Ben, at the Palace of Westminster, home to the Houses of Parliament, in London on Feb. 22, 2024.Henry Nicholls | AFP | Getty...
Toyota exploring orbital rocket development, makes startup investment
After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy.Photo by Yoshikazu Tsuno | Gamma-rapho | Getty ImagesLAS VEGAS — Toyota Motor is exploring the development and...
Winter storm disrupts thousands of U.S. flights
Airplanes on the tarmac during a snow storm at Ronald Reagan Washington National Airport in Arlington, Virginia, US, on Monday, Jan. 6, 2025. Ting Shen | Bloomberg | Getty ImagesThousands of flights were disrupted Monday as a winter storm moved eastward, snarling air...
Lucid reports record quarterly deliveries, meets production target
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than...
Disney Hulu+ Live TV and Fubo to combine
The FuboTV app on a television arranged in New York, US, on Wednesday, Feb. 21, 2024. Gabby Jones | Bloomberg | Getty ImagesDisney's Hulu+ Live TV will be combined with Fubo, merging together two internet TV bundles, the companies announced on Monday. Bloomberg...
Comcast’s Universal Ads platform is a bid to win smaller advertisers
Jaque Silva | Nurphoto | Getty ImagesComcast plans to launch a new advertising platform that will make it easier for smaller businesses to buy ad time — and, the company hopes, to beckon some advertisers away from social media and digital outlets and over to...
Manufacturer still faces tough recovery
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024.Jennifer Buchanan | Via ReutersBoeing is embarking on another rebuilding year.A year ago, the company was thrust back into the spotlight for concerns over safety and...
DraftKings tests subscription service in New York
Sports betting company DraftKings' logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesDraftKings is upping the ante.The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying...
Surgeon general issues new advisory
A customer drinks a glass of beer at the Saxton Pub in Austin, Texas, April 5, 2023.Brandon Bell | Getty ImagesThe U.S. surgeon general issued a new advisory warning Friday about the link between alcohol consumption and increased cancer risk, and pushed for policy...
GM, Ford 2024 U.S. sales are best since 2019
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024.Robyn Beck | Afp | Getty ImagesDETROIT – Both General Motors and Ford Motor on Friday reported their best...
DOT fines JetBlue for ‘chronically delayed flights’
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013.Fred Prouser | ReutersThe Department of Transportation fined JetBlue Airways $2 million for "chronically delayed flights," the first penalty...
Rivian meets 2024 vehicle production target after lowering projections
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty ImagesRivian Automotive's 2024 vehicle production and deliveries were in line with the company's previously announced expectations.The...
Hindenburg shorts Carvana, calls turnaround a ‘mirage’
CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer's recent turnaround is a "mirage" that's being propped up by unstable loans and accounting...
These airlines were the most on-time in 2024
Travelers view the arrival and departure boards at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021.Elijah Nouvelage | Bloomberg | Getty ImagesAir travel demand continued to surge in 2024, led by a bounce...
Wendy’s, Denny’s, Red Lobster close locations in 2024
A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come.Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts...
Housing market supply is ‘stale’ to end 2024
A home available for sale is shown in Austin, Texas, on May 22, 2024.Brandon Bell | Getty ImagesThere's good news in the housing market to close out 2024: There's a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for...
Horse racing set for a resurgence in the U.S.
Horse race At the harness racing week on the Freehold Raceway in New Jersey: a reverse race with the sulky fixed in front of the horse - 1930.Robert Sennecke | Ullstein Bild | Getty ImagesAmerica's oldest horse racetrack is closing after running its last race on the...
Why was there a wall at the end of the runway
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | ReutersAviation experts are questioning the role of an airport design that positioned a mound of dirt...
Boeing falls after South Korea orders B737-800 inspection
The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024.SeongJoon Cho | Bloomberg | Getty ImagesBoeing shares were down more than 3% in late-morning trading Monday, after South Korea ordered an...
Boeing 737-800 is among world’s most common aircraft
A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport. Fabrizio Gandolfo | Lightrocket | Getty ImagesAccident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in...
Netflix sets streaming record with Christmas Day NFL games
A detailed view of a Netflix Christmas Gameday sign during the regular season NFL football game between the Kansas City Chiefs and Pittsburgh Steelers on December 25, 2024 at Acrisure Stadium in Pittsburgh, PA. Icon Sportswire | Icon Sportswire | Getty ImagesChristmas...
Ad revenue should stabilize for media companies in 2025
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesThe...
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests.The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the American Bankers Association, the Ohio Bankers League,...
A look back at U.S. airlines’ wild 2024, from door plugs to bankruptcy
People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024. Megan Varner | ReutersIt's been another eventful year for U.S. air travel. Just five...
American Airlines temporarily grounded flights due to technical glitch
American Airlines planes sit by their gates at the Miami International Airport on October 25, 2024 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines grounded its U.S. flights Tuesday morning due to a technical problem, snarling travel during what carriers...
Soaring athlete salaries attract wealth advisors
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Skyrocketing salaries for top athletes and lucrative...
FDA Zepbound shortage ends, impacts patients, compounding pharmacies
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe roughly $1,000 monthly price tag of Eli Lilly's weight loss drug Zepbound put the blockbuster treatment out of reach for Willow...
Trump’s 25% tariffs an existential threat to Canada’s auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021.Cole Burston | Bloomberg | Getty ImagesDETROIT — There's growing concern that President-elect Donald Trump's...
U.S. sues Walmart, Branch Messenger over driver payment accounts
A Walmart truck pulls out of a Walmart Distribution Center in Hurricane, Utah, on May 30, 2024.George Frey | Afp | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly...
Nordstrom to go private in $6.25 billion deal with founding family
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesNordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom's founding...
Lego brick sets take new shape, keep toy industry afloat
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on March 7, 2022.Bloomberg | Getty ImagesThe toy industry is headed for its second consecutive annual sales decline, but it's got one thing propping it up: colorful,...
2025 media predictions from 13 anonymous executives
Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R).Getty ImagesHo, ho, ho! It's a CNBC holiday tradition: Anonymous media executives make their 2025 industry predictions.In honor of the 12 days of Christmas, we give you 12 predictions from some of the...
FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesThe Food and Drug Administration on Friday approved Eli Lilly's blockbuster weight loss drug Zepbound...
Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023.Joe Raedle | Getty ImagesParty City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report.CEO Barry Litwin told...
Fintechs are 2024’s biggest gainers among financials
Jason WilkSource: Jason WilkJason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm.It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep...
Netflix to stream FIFA Women’s World Cup in 2027, 2031
Esther Gonzalez of Spain kisses the FIFA Women's World Cup Trophy after the team's victory in the FIFA Women's World Cup Australia & New Zealand 2023 Final match between Spain and England at Stadium Australia on August 20, 2023 in Sydney / Gadigal, Australia.Alex...
What a government shutdown could mean for air travel
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty ImagesA government shutdown is looming...
CFPB sues JPMorgan Chase, Bank of America, Wells Fargo over Zelle fraud
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
Starbucks workers strike in LA, Chicago and Seattle ahead of Christmas
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty ImagesStarbucks baristas in some locations are planning to strike through Christmas...
CEO departures at U.S. companies hit a record this year
Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images)TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty ImagesRetired,...
Pro pickleball players are getting a higher salary than WNBA players
NEW YORK CITY, NY - SEPTEMBER 21: Anna Leigh Waters of the New Jersey Fives rallies the ball during a Major League Pickleball match on September 21, 2024 at Wollman Rink in New York, New York. (Photo by Andrew Mordzynski/Icon Sportswire via Getty Images)Icon...
Nike (NKE) earnings Q2 2025
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected to lay out the...
November home sales surged more than expected
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesSales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put...
Eli Lilly weight loss drug Zepbound no longer in shortage
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe Food and Drug Administration on Thursday said the active ingredient in Eli Lilly's weight loss drug Zepbound is no longer in...
Darden Restaurants (DRI) Q2 2025 earnings
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales...
Mall restaurants like Cheesecake Factory, Eataly help to draw shoppers
Editor's note: This is the third story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new retailers, experiences and even apartments. Read the first and second parts.Malls used to be the destination for...
How Vuori is taking on Lululemon
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men's shorts and couldn't get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors...
College sports valuations: Top 75 athletic programs
Ohio State Buckeyes players stand on the field after a game against the Indiana Hoosiers and the Ohio State Buckeyes on Nov. 23, 2024, at Ohio Stadium in Columbus, Ohio.Icon Sportswire | Icon Sportswire | Getty ImagesWith major college sports programs collectively...
Private equity looks to buy in to college sports
There's a mad dash for cash in college sports.Between multibillion-dollar television deals, the institution of the transfer portal and the escalation of NIL —name, image and likeness — deals for athletes, college athletic programs, particularly football, have never...
Why health insurance upsets Americans
A person holds a sign while standing on the roadside near the McDonald's restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew...
American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty ImagesThere may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history.The number of extra bedrooms, which is defined as a bedroom in excess of the number...
Stellantis further delays electric Ram pickup truck
2025 Ram 1500 Ramcharger TungstenRamDETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric...
2025 U.S. auto sales expected to be best since 2019
A sale sign is seen at car dealer Serramonte Subaru in Colma, California.Stephen Lam | ReutersDETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to...
Merck signs weight loss pill licensing deal with Hansoh Pharma
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey.Spencer Platt | Getty ImagesMerck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to...
Holiday decor spending could help retailers
Zoom In IconArrows pointing outwardsThe Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family.Courtesy: Mike MilamFor the holiday season, the front lawn of the...
Japan’s Honda and Nissan to reportedly begin merger talks
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via ReutersDETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to...
Grubhub to pay $25 million in FTC settlement over harmful practices
An App-based delivery worker waits outside of a restaurant that uses app deliveries on July 07, 2023 in New York City. Spencer Platt | Getty ImagesGrubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame...
Starbucks union authorizes strike ahead of bargaining session
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Mario Tama | Getty...
Walmart employees wearing body cameras
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has...
Unrivaled women’s basketball league closes $28 million Series A
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team's WNBA basketball game against the New York Liberty, May 23, 2024, in New York.Frank Franklin II | APStartup basketball league Unrivaled announced on Monday it's closed a...
Family offices face hidden risks in making direct investments
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices making direct investments in private...
GM’s Cruise robotaxi business is latest growth initiative to falter
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023.David Paul Morris | Bloomberg | Getty ImagesDETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending...
Why it’s getting harder to get a free first-class flight upgrade
Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018.Jeff Greenberg | Universal Images Group | Getty ImagesCheap seats aren't enough for airline passengers anymore.Since the pandemic,...
Restaurant winners and losers include McDonald’s, Chili’s, Taco Bell
A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty ImagesA rocky year for restaurants separated the industry's biggest chains into winners and losers, as eateries...
UnitedHealth Group CEO Andrew Witty addresses Brian Thompson death
Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in the Dirksen Building in Washington, D.C., on May 1, 2024.Tom...
Over $100 trillion in wealth set to be inherited
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is...
Agent Scott Boras says wasn’t just about money
Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life.On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It's the largest deal in professional sports...
Flushing Financial seeks to raise $70 million
Flushing Bank in New York City.Google EarthFlushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank's CEO, John Buran, has told potential investors that he intends to sell...
Costco (COST) earnings Q1 2025 earnings
Costco on Thursday beat Wall Street's quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture.On the membership-based warehouse club's earnings call, Chief Financial Officer Gary Millerchip said customers...
WBD announces restructuring into linear, streaming units
President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Michael Tran | Afp | Getty ImagesWarner Bros. Discovery on Thursday announced a restructuring plan...
Federal Aviation Administration head Michael Whitaker to step down
Federal Aviation Administration Administrator Mike Whitaker listens to a question during a news conference on the FAA's work to hold Boeing accountable for safety and production quality issues, at the Federal Aviation Administration Headquarters on May 30, 2024 in...
CFPB announces rule limiting bank overdraft fees
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting...
Whoopi Goldberg’s All Women’s Sports Network aims to raise awareness
Hollywood icon Whoopi Goldberg hopes her newly launched All Women's Sports Network will bring more attention to women's sports.Goldberg started the network with George Chung, co-founder of international media holding company Jungo TV. It's the first global media...
Health care stocks fall after Warren PBM bill, Brian Thompson shooting
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesShares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients...
Buoyed by Trump, U.S. dealers optimistic on everything except EV sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020.Nick Carey | ReutersDETROIT — There's a "renewed optimism" among U.S. car dealers heading into 2025, fueled...
Nike renews its contract with the NFL until 2038
Nike football shoes are seen in a store in Krakow, Poland on August 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesNike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to...
SpaceX valuation surges to $350 billion as company buys back stock
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched on its sixth test at the company's Boca Chica launch pad in Brownsville, Texas, on Nov. 19, 2024.Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX hit $350 billion...
NFL Philadelphia Eagles minority stake sale approved
Philadelphia Eagles quarterback Jalen Hurts (1) looks on in the second half during the game between the Carolina Panthers and Philadelphia Eagles on December 08, 2024 at Lincoln Financial Field in Philadelphia, PA.Icon Sportswire | Icon Sportswire | Getty ImagesThe...
JetBlue to bring ‘junior Mint’ first class to domestic flights in 2026
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Albertsons sues Kroger after judge rules against grocery merger
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022.Brendan McDermid | ReutersAlbertsons on Wednesday formally terminated its proposed $25 billion merger with...
Sports Illustrated buys naming rights of Red Bull Arena
Rendering of Sports Illustrated StadiumThe New York Red Bulls have a new stadium naming rights partner.On Wednesday, the Major League Soccer 2024 Eastern Conference Champions announced a 13-year naming rights deal with Sports Illustrated.Effective immediately, the...
Tom Brady watches, game-worn jerseys sell for $9 million at auction
Tom Brady's Rolex worn during his 2023 season.Sotheby's (L) | Reuters (R)Sotheby's has scored big off of Tom Brady.The auction house held its "GOAT Collection" sale on Tuesday night, selling all 41 items offered for a total of $9 million. The lots consisted of...
Ro to offer weight loss drug Zepbound vials by working with Eli Lilly
Patients will be able to access Zepbound single-dose vials at RoCoutesy: RoDirect-to-consumer health-care startup Ro on Wednesday said its platform will now offer more affordable single-dose vials of the weight loss drug Zepbound through a new partnership with Eli...
Macy’s (M) earnings Q3 2024
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million...
C.H. Robinson CEO says logistics business can weather Trump tariffs
Dave Bozeman, chief executive officer of C.H. Robinson.Source: C.H. RobinsonAs Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he'll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a...
Unrivaled women’s basketball league signs deal with Under Armour
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesThe pieces are coming together for the startup basketball league Unrivaled.The 3x3 women's hoops league announced Tuesday that it has signed a multiyear...
Adidas’ German headquarters raided in connection with tax investigation
The "Arena" office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake.Daniel Karmann | Picture Alliance | Getty ImagesAdidas' German headquarters was raided on Tuesday in connection with a yearslong tax...
Insurance stocks down since UnitedHealthcare CEO Brian Thompson killing
A banner hanging from on overpass along the southbound lane of I-83 that says, "Deny Defend Depose Health Care 4 All."Lloyd Fox | Baltimore Sun | Tribune News Service | Getty ImagesMajor insurance stocks have fallen more than 6% since their closing prices last...
Olympics transformed Salt Lake City into a tech hub
Spectators file into the Olympic Medal Plaza in downtown Salt Lake City, Utah, during the 2002 Olympics. Buildings are draped with Olympic athletic figures, and the Olympic rings glow on the mountainside above the city, Feb. 16, 2002.AFP Photo/George Frey via Getty...
Stellantis CEO Carlos Tavares lost control of the automaker, sources say
Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | ReutersDETROIT — "Arrogant." It's the word former Stellantis CEO Carlos Tavares used in June...
Alaska Airlines plans new nonstop flights to Japan, Korea
Alaska Airlines planes.Anadolu | Anadolu | Getty ImagesAlaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there.Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September,...
University of Utah video game program fuels $2 billion industry
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop.University of UtahThis article is part of CNBC's Cities of Success series, which explores cities that have transformed into...
Florida ‘condo cliff’ coming as owners deal with Surfside fallout
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo...
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022.Michael Wayland / CNBCDETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has...
Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty ImagesComcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000...
Hershey stock soars on report of another Mondelez takeover attempt
The logo of Hersheys ,taken in Manhattan. Michael Kappeler | Picture Alliance | Getty ImagesShares of Hershey climbed as much as 15% in morning trading on Monday after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company.Hershey's...
Activist Barington takes aim at Macy’s, seeks spending, real-estate fixes
People walk past the Macy's Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty ImagesActivist investor Barington Capital revealed Monday it had a position in Macy's and was looking for the company to cut spending, weigh the...
United Healthcare CEO shooting: Executives worry about safety
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor...
CFPB sues Comerica Bank over federal benefits program
Comerica Bank building facade with blue signage and brick exterior, Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank, accusing the...
Ulta Beauty (ULTA) earnings Q3 2024
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care.The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the...
Lululemon (LULU) earnings Q3 2024
Lululemon's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year.The yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines and said it's...
Why developers are building housing at shopping malls
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.Some U.S. developers...
Dollar General tests same-day delivery as discounter chases Walmart
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings...
Court rejects Boeing plea deal tied to 737 Max crashes
In an aerial view, Boeing 737 Max fuselages are seen on railcars during an ongoing strike by Boeing factory workers on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a fraud charge...
LSU star Flau’jae Johnson signs equity deal with Unrivaled basketball league
BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan...
Southwest, American raise sales outlooks, shares jump
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024.Mario Tama | Getty ImagesSouthwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares,...
MLS Commissioner Don Garber talks Apple subscribers, Messi
Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday.Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just...
Prescription fills for Zepbound, Wegovy weight loss drugs double: GoodRx
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersPrescription fills for blockbuster weight loss drugs in the U.S. more than doubled in 2024, even with limited insurance coverage and...
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. Shannon Stapleton | ReutersAmerican Airlines has inked a...
American Eagle (AEO) earnings Q3 2024
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California.Justin Sullivan | Getty ImagesAmerican Eagle shares dropped about 13% in extended trading Wednesday after the company reported third-quarter earnings in which it issued weak...
JetBlue cuts more unprofitable routes, tweaks Europe flights
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Trump nominates Jared Isaacman for NASA Administrator
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne,...
ESPN to add more sports content to Disney+
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesESPN is coming to Disney+. Now, the sports network wants to make sure Disney+ users come to ESPN.Walt Disney debuted a dedicated ESPN tile Wednesday on Disney+ for people who...
Eli Lilly Zepbound causes more weight loss than Novo Nordisk Wegovy: Trial
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersEli Lilly on Wednesday said its obesity drug Zepbound led to more weight loss than its main rival, Novo Nordisk's Wegovy, in the...
Foot Locker (FL) earnings Q3 2024
Foot Locker store location on 34th street in New York City.Courtesy: Foot LockerFoot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike.The sneaker giant...
GM expects more than $5 billion impact from China restructuring, including plant closures
Employees work on Buick Envision SUVs at General Motors' Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China.Tang Ke | Visual China Group | Getty ImagesDETROIT – General Motors expects...
Airline executives set to defend seat fees before Senate panel
Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft.Brent Lewin | Bloomberg | Getty ImagesU.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry...
J.P. Morgan Private Bank holiday recommendations for the wealthy
Courtesy: J.P. Morgan Private BankJ.P. Morgan Private Bank is out with its list of recommended holiday books and experiences for wealthy clients, and this year's offerings include a George Clooney Broadway debut, an expanded art museum in São Paulo, Brazil, a wellness...
Constellation Brands to sell Svedka vodka to Sazerac
Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.Bing Guan | Bloomberg | Getty ImagesConstellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based...
CDC says McDonald’s E. coli outbreak is over
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesThe Centers for Disease Control and Prevention...
Why Dollar General and Dollar Tree are struggling
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General.Shares of the deep discounters have plunged so far in 2024. The retailers have each...
Frontier Airlines to debut first-class seats for high-paying flyers
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesFrontier Airlines, one of the world's biggest budget airlines, is adding first-class seats.Its change in strategy...
Banks raise costs in response to CFPB rule
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesBanks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response...
‘Moana 2’ and ‘Wicked’ fuel biggest Thanksgiving box office ever
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyIt was all feast and no famine at the Thanksgiving box office this year.The tag-team of Disney's "Moana 2," Universal's "Wicked" and Paramount's "Gladiator II" pushed the five-day Thanksgiving holiday...
GM to sell stake in battery cell plant to LG partner for $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020.Photo by Steve Fecht for General MotorsDETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle...
Jaguar reveals ‘Type 00’ concept car, first in controversial rebrand
Image of Jaguar Type 00 concept vehicleJaguarFamed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called "Type 00."The vehicle, pronounced "Type Zero Zero," features a minimalistic...
Stellantis CEO Carlos Tavares resigns amid problems in U.S.
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Stellantis CEO Carlos Tavares has unexpectedly...
College Football Playoff expansion boosts ESPN, Disney
Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan. Aaron J. Thornton | Getty Images...
Retail winners pull away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty ImagesAs the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers...
How the 2024 election will impact Black Friday, holiday spending
BATTLE CREEK, MICHIGAN - DECEMBER 18: A hat tops off a Christmas tree at a "Merry Christmas" rally hosted by U.S. President Donald Trump at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. The House of Representatives will vote later today to...
‘Moana 2’-led Thanksgiving box office could be best in years
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyThe domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator.Disney's "Moana 2" is set to hit...
Nordstrom (JWN) earnings Q4 2024
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain.Yet despite its...
‘Wicked’ soars with $114 million domestic opening, ‘Gladiator’ snares $55.5 million
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."UniversalThe box office was a popular destination this weekend as Universal's "Wicked" and Paramount's "Gladiator II" arrived in cinemas."Wicked" is expected to snare $114 million...
Walmart pulls back on DEI efforts, removes some LBGTQ merchandise
Walmart Supercenter in Burbank onThursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty ImagesWalmart on Monday confirmed that it's ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a...
Trump tariff plan threatens to make Modelo more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty ImagesShares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25%...
Senate report slams airlines for raking in billions in seat fees
A Delta Air Lines cabin.Leslie Josephs/CNBCA Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights.Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including...
GM, Stellantis shares fall on Trump tariff threat for Mexico, Canada
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019.Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis...
Best Buy (BBY) earnings Q3 2025
Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street's quarterly revenue expectations, as early holiday shopping and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.The consumer electronics retailer said it...
Dick’s Sporting Goods (DKS) earnings Q3 2024
The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent"...
Abercrombie & Fitch (ANF) earnings Q3 2024
An Abercrombie & Fitch store stands in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty ImagesAbercrombie & Fitch isn't giving up its crown any time soon. The apparel company issued strong holiday guidance on Tuesday after posting...
Amgen says weight loss drug MariTide caused up to 20% weight loss after a year
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a...
State Farm signs JuJu Watkins, increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports.State Farm is furthering its investment in women's sports with two new deals.The insurance giant announced on Monday that it had signed college basketball star...
Starbucks vendor hit by ransomware attack, affecting pay and schedules
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024.Hollie Adams | ReutersA ransomware attack on one of Starbucks' software vendors has disrupted how the coffee chain's baristas view and manage their schedules, the company said...
Kohl’s CEO Tom Kingsbury to step down, replaced by Ashley Buchanan
Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury.Courtesy: Michael's | Kohl'sKohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he...
Mango plots U.S. store expansion to grow market, elevate brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end...
Auto industry pulls back after unprecedented EV, self-driving spending
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidDETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of...
Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022.Jeff Greenberg | Universal Images Group | Getty ImagesAir travelers face a host of headaches on their journeys: slow security lines, long waits for...
How women billionaires make, spend and give away their fortunes
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California.Stefanie Keenan | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with...
‘Wicked,’ ‘Gladiator II’ opening weekend heads for $200 million
Posters for Wicked and Gladiator IISources: Universal (L), Paramount (R)The box office this weekend will be painted pink and green, with a splash of red.Universal's "Wicked" and Paramount's "Gladiator II" arrive ahead of the Thanksgiving holiday and are expected to...
Caitlin Clark joins NWSL Cincinnati ownership group
Caitlin Clark #22 of the Indiana Fever brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse on September 15, 2024 in Indianapolis, Indiana. Justin Casterline | Getty ImagesCaitlin Clark has joined an ownership group looking to create a...
Thousands of Americans see their savings vanish
Oscar Wong | Moment | Getty ImagesFor 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they...
Retailers like Macy’s, Gap and TJX jack up store card APR
Tommy | Digitalvision Vectors | Getty ImagesDozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad...
Gap (GAP) Q3 2024 earnings
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic,...
SailGP signs Rolex as title partner of global sailing competition
SailGP signs Rolex as first title partner of global sailing competitionCourtesy: SailGPThe self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition.SailGP, which kicks off the 2025 season in Dubai on...
Wayne Gretzky talks Alex Ovechkin NHL goals record pursuit
As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky's all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him."Alex has been exceptional for our game," Gretzky said on CNBC's "Squawk Box"...
MLS’ New York City FC, Etihad Airways agree to stadium naming rights deal
New York City FC renderings for Etihad Park stadium in Queens, NY.Courtesy: New York City FC.When New York City FC's new stadium opens up just before the 2027 Major League Soccer season, it will have a familiar partner's name tied to it. The club is partnering with...
Home sales surged in October before mortgage rates jumped
A home with a "Sold" sign from a real estate company in North Patchogue, New York.Steve Pfost | Newsday | Getty ImagesA sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.Sales of previously owned homes last month rose 3.4%...
Crypto investor pays $6 million for a banana — and plans to eat it
Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Kena Betancur | Afp | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth...
CFPB expands oversight of Apple Pay, other digital payments services
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
TGL New York Golf Club brings on Eli Manning, Derek Jeter as investors
New York Golf Club includes Matt Fitzpatrick, Rickie Fowler, Xander Schauffele and Cameron Young.Courtesy: TGLTiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple.Cohen Private Ventures, the family office of...
American Airlines to shame boarding line cutters with new technology
Haiyun Jiang | Bloomberg | Getty ImagesWatch out, line cutters. American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called.Customers who try to scan a boarding pass...
Comcast cable networks spinoff emphasizes need for change in media
Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed...
Hyundai all-electric Ioniq 9 three-row SUV revealed
2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market.The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric...
McDonald’s preparing ‘McValue’ offering for 2025
A McDonald's is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024.Michael M. Santiago | Getty ImagesMcDonald's is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants.The company is...
Utah Hockey Club is beefing up Salt Lake City’s roster as a sports hub
Barrett Hayton #27 of the Utah Hockey Club skates against the Vegas Golden Knights on November 15, 2024 at Delta Center in Salt Lake City, Utah. Jamie Sabau | National Hockey League | Getty ImagesSalt Lake City checked all the boxes for a new professional sports team...
Cleveland launches formal bid for a WNBA team
Cleveland, OhioKen Redding | The Image Bank | Getty ImagesDan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio.Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on...
NHL looks beyond U.S., Canada for league growth
A general view during the 2022 NHL Global Series Challenge between the Nashville Predators and the San Jose Sharks at O2 Arena in Prague, Czech Republic, on Oct. 7, 2022.Martin Rose | Getty Images Sport | Getty ImagesIf all goes according to plan for the National...
How NHL salary cap works
For a National Hockey League team to hoist the Stanley Cup, it takes playing an 82-game regular season, winning four playoff series and some strict attention to math along the way. The NHL is one of two of the big four North American sports leagues with a hard salary...
TJX Companies (TJX) earnings Q3 2025
TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street.TJX comfortably beat Wall Street's expectations during its fiscal third...
CNBC Official NHL Team Valuations 2024
The National Hockey League is commanding more respect when it comes to team values.The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League...
Delta CEO says Trump regulation stance could be ‘breath of fresh air’
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022.Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of...
Delta forecasts sales growth in 2025 thanks to ‘resilient economy’
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. It also said it...
CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.Jakub Porzycki | Nurphoto | Getty ImagesCVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency's case against drug supply chain middlemen...
Disney Treasure cruise ship debuts; fleet to double by 2031
The captain of the Disney Treasure is Voyager Minnie, a version of the character that is specially costumed for the cruise ship.DisneyThe Disney fleet is expanding.Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to...
Mike Tyson, Jake Paul fight was most-streamed sports event: Netflix
Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium in Arlington, Texas, on Nov. 15, 2024.Kevin Jairaj | Usa Today Sports Via Reuters ConFriday's highly anticipated boxing match between former heavyweight champion Mike Tyson and...
Watch SpaceX launch Starship’s sixth test flight
The SpaceX Starship lifts off from Starbase near Boca Chica, Texas, on November 19, 2024, for the Starship Flight 6 test. Chandan Khanna | AFP | Getty ImagesSpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up...
Comcast will announce the spinoff of cable networks Wednesday, sources say
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday.The separation is expected to take...
Target (TGT) Q3 2024 earnings
People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver | Lightrocket | Getty ImagesTarget will report fiscal third-quarter earnings on Wednesday and offer the latest clues on how the holiday season is shaping up for retailers, as the company...
Stellantis delays Ram electric pickup trucks until 2025
Stellantis' Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty ImagesDETROIT...
Walmart says new Trump tariffs could raise prices
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty ImagesWalmart's CFO John David Rainey said the retailer would likely have to raise prices...
RFK Jr. is Trump pick for HHS secretary. Here’s what he could do
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersPresident-elect Donald Trump has tapped Robert F. Kennedy Jr. to lead the Department of...
Lowe’s (LOW) Q3 2024 earnings
LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming...
Walmart (WMT) Q3 2025 earnings
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up.Here's what the discounter is...
More Americans get news from social media influencers
About 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center.The rise of social media personalities doling out information was particularly true among the youngest users, and...
What travelers need to know about Spirit Airlines’ bankruptcy
A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first...
NBA, Warner Bros. Discovery settle lawsuit over live game rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the...
AMC debt threatens its ability to ride the box office rebound
Cars drive near an AMC Theater in New York City on March 29, 2023.Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world's largest movie...
LeBron James’ SpringHill agrees to merge with Kardashians producer Fulwell 73
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles.Matt Sayles | APLos Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger...
Spirit Airlines files for bankruptcy protection after mounting losses
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesSpirit Airlines, an icon of budget air travel that reshaped the industry, has filed for...
McDonald’s, Starbucks aim to improve
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesAfter a tough year for the restaurant industry, executives can't wait for 2025 to start."I don't know about you guys, but I'm ready for '24 to be behind...
McDonald’s to invest over $100 million in E. coli outbreak recovery
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast-food...
Space stocks rally on ‘Trump-Elon trade,’ analysts say
A hot fire test of an Archimedes engine, which powers the company's Neutron rocket.Rocket LabThis past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to...
Paul, Tyson fight breaks record for biggest non-Vegas boxing gate
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024.Cooper Neill | Getty ImagesThe highly anticipated boxing match between Jake Paul and Mike...
Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto ShowMichael Wayland | CNBCDETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the...
Disney parks profits hit records — even before big expansions
People walk in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom.Disney's theme park division posted record revenue and profit in...
SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018.Bloomberg | Bloomberg | Getty ImagesSpaceX's...
Why Home Depot acquired SRS Distribution
A warehouse for Texas Pool Supply, a company that's part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It's an example of the specialized business that Home Depot includes after acquiring SRS.Melissa...
U.S. companies in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump's trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hardline approach could stunt their prospects in the world's second largest economy – and turn them into targets of...
GM lays off 1,000 employees amid reorganization, cost-cutting
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing...
The top 10 family offices for startup investments
Guillaume Houze attends the 33rd ANDAM Prize Winner cocktail at les Jardins du Palais Royal on June 30, 2022 in Paris, France.Pascal Le Segretain | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter...
Landry CEO Fertitta becomes Wynn Resorts’ largest individual shareholder
The new Wynn Casino and Lisboa Casino in Macao, China.Bob Henry | Universal Images Group | Getty ImagesBillionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the U.S. Securities and Exchange Commission.The...
Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024.Thomas Machowicz | ReutersShares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services. The...
Disney earnings offer hope that streaming can supplant linear TV
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesDisney might be proving the world's most famous investor wrong.Last year, Warren Buffett, "The Oracle of Omaha," told...
Adidas signs NIL deal with girls’ high school basketball Kaleena Smith
Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player.Adidas has signed one of its youngest female athletes yet.The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's...
Diamond Sports reaches key milestone toward exiting bankruptcy
Jose Siri, #26 of Major League Baseball's Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d'Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on...
Disney doesn’t plan to change its TV networks portfolio anytime soon
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that...
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Homebuilder deal activity is surging, fueled by major Japanese buyers
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese.M&A activity in the single-family homebuilder space is having a record year in terms of...
Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty ImagesDiamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform.As part of the deal, Diamond's networks will be made available as an add-on...
Disney (DIS) earnings Q4 2024
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter...
Beverly Hills surgeon sues Medtronic for patent infringement
Michael Siluk | Education Images | Universal Images Group | Getty ImagesDr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the...
Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty ImagesPlanet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by...
What targets Rivian needs to hit to receive $5.8 billion from VW
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersDETROIT — Volkswagen Group increased its planned investment for a joint venture with electric...
Banks report ten-fold surge in digital scams, BioCatch says
Leylaynr | E+ | Getty ImagesU.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch.The sharp rise in reported scams...
Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
John Malone, Liberty MediaScott Eells | Bloomberg | Getty ImagesLiberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at...
FAA bans U.S.-Haiti flights for 30 days
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days...
Amgen stock falls on weight loss drug’s bone density loss data
Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide.One analyst said the additional data suggests a new potential safety risk tied to the drug. But...
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.Courtesy: Business WireVolkswagen Group has increased its planned investment in an announced joint...
Strong revenue growth, first Neutron deal
A view of Rocket Lab's HASTE suborbital launch vehicle.Rocket LabRocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.The space infrastructure company reported...
Boeing factory production will take weeks to ramp up after strike
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersBoeing's more than 32,000 machinists who were on strike are required to...
Family offices increasingly investing in private company deals
Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone. Gilaxia | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the...
Netflix ad-supported tier has 70 million monthly users
People wait in a line to enter "The Lab," a "Stranger Things" Netflix series experience in Madrid on June 2, 2022.Beata Zawrzel/ | Nurphoto | Getty ImagesNetflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was...
GM’s newest EV is a ‘baby Escalade’ SUV
2026 Cadillac Vistiq EVGMDETROIT — General Motors' newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a "baby Escalade."The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand's portfolio when...
Mattel pulls ‘Wicked’ dolls after printing adult website on packaging
Still from the film "Wicked"Source: Universal StudiosThousands of Mattel's "Wicked"-branded fashion dolls are flying off shelves, but not because of consumer demand.The toy company has been forced to pull its line of character dolls after a package misprint. Instead...
GM’s Wall Street vindication is here as it outperforms peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout...
‘Wicked’ marketing takes over retail ahead of theatrical debut
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."Universal"Barbie" painted the town pink in 2023, and now "Wicked" is upping the ante by adding a splash of green.Universal's theatrical retelling of the famed Broadway musical is...
MLB, Braves object to Diamond Sports reorganization plan
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's...
Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies Managing Partner and Principle owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium on Sunday, June 9, 2024 in London, England. Daniel Shirey | Major...
California-led EV mandates ‘impossible’ to meet
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan.Tomohiro Ohsumi | Getty Images News | Getty ImagesDETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year...
How Trump’s victory could change abortion rights in America
Anti-abortion demonstrators listen to President Donald Trump as he speaks at the 47th annual "March for Life" in Washington, D.C., Jan. 24, 2020.Olivier Douliery | Afp | Getty ImagesVoters in seven out of 10 states approved ballot measures this week to safeguard...
Lucid (LCID) results Q3 2024
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group slightly beat Wall Street's third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin...
Rivian (RIVN) earnings Q3 2024
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue.Here is how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per...
FDA proposes ending use of decongestant found in many cold medicines
A bottle of Vicks DayQuil cold and flu medicine containing phenylephrine is displayed for sale in a CVS Pharmacy store in Hawthorne, California, on Sept. 12, 2023.Patrick T. Fallon | AFP | Getty ImagesThe Food and Drug Administration on Thursday proposed ending the...
Steve Madden to slash China sourcing as Trump’s tariff plan looms
The logo of the label Steve Madden at the fashion fair Premium. ens Kalaene | Picture Alliance | Getty ImagesSteve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald...
Wall Street expects Trump presidency will unlock deal-making
Attendees cheer as a broadcast of former US President and Republican presidential candidate Donald Trum speaking at his Florida election party is shown on a screen at the Nevada GOP election watch party in Las Vegas, Nevada on November 6, 2024. Ronda Churchill | Afp |...
Bentley further delays all-EV plan as it embraces plug-in hybrids
A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022.Phil Noble | ReutersBentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into...
Warner Bros. Discovery (WBD) earnings Q3 2024
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5...
Moderna (MRNA) earnings Q3 2024
Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. The biotech company posted a net income of $13 million, or 3 cents...
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio.Sarah Rice | Getty ImagesDETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers...
Proposed tariffs could raise prices for consumers
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024.Saul Loeb | Afp | Getty ImagesFor retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump's tariffs proposal...
Foreign auto stocks BYD, BMW and others slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | ReutersDETROIT — Stock prices of...
E.l.f. Beauty (ELF) earnings Q2 2025
e.l.f Beauty power grip primer.Courtesy: e.l.f BeautyE.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 10% in after-hours trading.The cosmetics retailer's earnings came in well ahead of...
Mortgage rates surge on Trump victory, housing stocks to fall
President-elect Donald Trump's victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing.The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according...
Planet Fitness bids for bankrupt Blink Fitness
A Blink Fitness location in New York City.Bill Tompkins | Michael Ochs Archives | Getty ImagesPlanet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC.Planet Fitness previously lost out in a bankruptcy...
What his election means for EVs
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.Photo by Jeffrey Sauger for...
CVS Health (CVS) earnings Q3 2024
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021.Andrew Kelly | ReutersCVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the...
What Trump’s health pick RFK Jr. could mean for patients, drugmakers
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024.Carlos Barria | ReutersDonald Trump has made one...
Yum Brands (YUM) Q3 2024 earnings
Budrul Chukrut | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected.Here's what the company reported compared with what Wall...
Restaurant Brands International (QSR) earnings Q3 2024
A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. - the parent company of BK- in new and existing markets. Joan Cros | NurPhoto | Getty ImagesRestaurant Brands International on...
Ford’s October sales increase 15.2% from subdued levels in 2023
The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesDETROIT — Ford Motor on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued...
More homeowners just started pulling cash out of their properties
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesU.S. homeowners are sitting on a record amount of equity, but higher interest rates...
Retailers brace for DEI blowback ahead of election, holiday
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman.Natalie Behring | Getty ImagesRetailers...
Striking Boeing machinists vote on new contract with 38% raises
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington,...
Singapore Airlines to add first class cabin for its longest flights
Singapore Airlines ranked as the No. 2 international airline, according to the Bounce 2023 report.Nurphoto | Nurphoto | Getty ImagesSingapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract...
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024.Elias Marcou | ReutersFlights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era...
How Disney turns over its parks between Halloween and winter holidays
A staple of Disney's theme park's celebrations, the giant Mickey pumpkin statue towers over guests on Main Street.DisneyIt's time for Disney parks to swap pumpkins for poinsettias.In the thick of its busiest season, Disney's domestic theme parks have already begun to...
Space Force plans alternative GPS network with Astranis, others
A depiction of Nexus satellites in a medium Earth orbit constellation.AstranisThe U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the...
Marc Benioff in talks to sell Time to Antenna Group
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023.Dimitrios Kambouris | Getty ImagesThe Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to...
Apple commits $1.5 billion to Globalstar for iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday.The tech giant's deal with Globalstar includes $1.1 billion in cash, of which $232...
Record numbers of wealthy Americans are making plans to leave the U.S.
Ferragudo, Portugal.Gonzalo Azumendi | Stone | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your...
Boeing union backs sweetened contract offer that could end strike, sets vote for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington,...
A fast-changing Chinese coffee market awaits Starbucks CEO Niccol
People seen around the Starbucks coffee store in Shenzhen, China.Jakub Porzycki | Nurphoto | Getty ImagesOn Starbucks' fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges.The...
Thanksgiving box office showdown shows importance of premium screens
Wicked, Gladiator II, and Moana 2 Movie Posters.Sources: Universal (L), Paramount (C) and Disney (R)Three heavyweight Hollywood blockbusters will face off at the box office in November, each vying for audience attention, ticket sales and time on theaters' biggest...
Comcast tests media industry with potential cable networks separation
Mike Cavanagh, president of Comcast Corporation, at center, during the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023.David A. Grogan | CNBCComcast is thinking about separating or spinning off NBCUniversal's cable networks. If it moves...
Ford to halt production of electric F-150 Lightning until 2025
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next...
Morgan Stanley is launching an investing index tied to sports leagues
The Morgan Stanley headquarters in New York on Dec. 27, 2023.Angus Mordant | Bloomberg | Getty ImagesMorgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues.The investment bank's wealth management division on Thursday...
Merck (MRK) earnings Q3 2024
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its...
Boeing strike will dent last jobs report before election
Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesBoeing's more than seven-week machinist strike is set to hit Friday's U.S. jobs report — the...
Bristol Myers Squibb (BMY) earnings Q3 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday reported third-quarter earnings and revenue that blew...
Comcast is exploring separation of cable networks business
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company's third-quarter earnings call with investors, Cavanagh said the company is exploring creating "a new, well-capitalized company owned by our...
Starbucks’ plan to return to its roots involves 200,000 Sharpies
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks CEO Brian Niccol said the coffee chain plans to buy roughly 200,000 Sharpie markers as part of his plan to take the coffee chain back to its roots.He's...
7 ways Starbucks CEO Brian Niccol plans to change the coffee chain
Brian Niccol, CEO of StarbucksAnjali Sundaram | CNBCStarbucks CEO Brian Niccol shared more details about the company's turnaround strategy during the company's quarterly conference call on Wednesday.For three straight quarters, Starbucks has reported declining sales....
Peloton announces Ford exec Peter Stern as its next CEO
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty ImagesPeloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and...
Peloton (PTON) Q1 2025 earnings
A Peloton bike is displayed at a Dick's Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in...
Comcast (CMCSA) earnings Q3 2024
NBCUniversal kicks off it's new Peacock streaming service.Todd Williamson | Peacock | NBCUniversal | Getty ImagesComcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both...
Why sales of Eli Lilly’s Zepbound and Mounjaro fell short
Eli Lilly's blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro posted weaker-than-expected sales for the third quarter, even as supply of both medicines has largely recovered from widespread shortages in the U.S. The reason for the disappointing...
Carvana (CVNA) Q3 2024 earnings
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street's third-quarter expectations.Here's how the company...
Starbucks will stop charging extra for dairy alternatives
Starbucks offers oat milk as a dairy-free option.Source: StarbucksStarbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks.The change goes into effect Nov. 7 and follows years of...
Starbucks (SBUX) Q4 2024 earnings
Brian Niccol speaking on CNBC's Squawk Box on Oct. 30th, 2018. Anjali Sundaram | CNBCStarbucks is set to share more details about its fiscal fourth quarter after the bell on Wednesday.The coffee giant shared its preliminary quarterly results on Oct. 22, showing that...
Novo Nordisk’s Ozempic, Wegovy now available after shortages
Weight loss syringes of the brands "Wegovy", "Ozempic" and "Mounjaro" are sold at In der Achat Apotheke in Mitte, Germany.Picture Alliance | Picture Alliance | Getty ImagesAll doses of Novo Nordisk's highly popular weight loss injection Wegovy and diabetes drug...
United Airlines raises requirements to earn frequent flyer status
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024.Kevin Carter | Getty ImagesUnited Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to...
Pending home sales take unexpected leap higher in September
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called "pending" sales were at the highest level since March and...
Starbucks Oleato olive oil drinks leaving U.S. cafes in early November
Starbucks' new Oleato coffee beverages.StarbucksStarbucks' controversial line of olive oil-infused drinks will leave U.S. stores in early November.The decision to remove the Oleato drinks from domestic menus predates newly installed CEO Brian Niccol, who arrived at...
Airbus delivers first extra-long-range Airbus A321
An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023. Nathan Laine | Bloomberg | Getty ImagesAirbus said Wednesday that it has handed over its first extra-long-range narrow-body...
Biogen (BIIB) earnings Q3 2024
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as...
Fort Lauderdale developers plan $2 billion marina project
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida.Courtesy: ArX CreativeA team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a...
Eli Lilly (LLY) earnings Q3 2024
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter and slashed its full-year...
Chipotle Mexican Grill (CMG) Q3 2024 earnings
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares...
Auto insiders on both candidates, top issues
New Ford F-150 trucks go through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty ImagesDETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of...
Gatorade signs Duke basketball’s Cooper Flagg to NIL deal
Cooper Flagg #2 of the Duke Blue Devils moves the ball against the Arizona State Sun Devils during the game at Cameron Indoor Stadium on October 27, 2024 in Durham, North Carolina. The Blue Devils won 103-47. Grant Halverson | Getty ImagesGatorade is adding another...
E. coli outbreak is ‘behind us’
McDonald's Chris Kempczinski speaks about fresh beef expansion at a McDonald's event in Oak Brook, Illinois.Richa Naidu | ReutersA week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris...
Lucid has high hopes for new Gravity SUV as customer orders open
Lucid Gravity Grand Touring SUVLucidElectric vehicle startup Lucid Group is counting on its upcoming Gravity SUV to assist the automaker in a "significant increase" in sales volumes to narrow the company's losses, according to CEO Peter Rawlinson.The Gravity is...
Pfizer (PFE) earnings Q3 2024
Kena Betancur | Corbis News | Getty ImagesPfizer on Tuesday reported third-quarter revenue and adjusted profit that blew past expectations as the company's Covid vaccine and antiviral pill Paxlovid helped boost sales.The pharmaceutical giant also hiked its full-year...
Firefly Aerospace CEO Jason Kim is working ‘maniacally’ to scale
CEO Jason Kim in the company's lunar mission control center.Firefly AerospaceJason Kim just nabbed one of the most coveted yet high-pressure C-suite gigs in the space industry.As the new CEO of rocket and spacecraft builder Firefly Aerospace, he's no longer under the...
McDonald’s (MCD) earnings Q3 2024
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG are expecting the...
JPMorgan begins suing customers over ‘infinite money glitch’
The Chase bank logo above ATMs, taken in Manhattan.Michael Kappeler | Picture Alliance | Getty ImagesJPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw...
Ford Motor (F) earnings Q3 2024
A Ford F-150 Lightning electric pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT — Ford Motor is set to report its third-quarter earnings after the bell Monday.Here is what Wall Street...
Immersive entertainment company Cosm lands rights to some NFL games
Cosm currently has two locations in Los Angeles and Dallas, Texas but plans but is planning on expanding to additional locations in the future.Courtesy: CosmCosm, the immersive technology company that broadcasts live sports events using what it calls "shared reality,"...
McDonald’s Quarter Pounder burgers to return to restaurants affected by E. coli outbreak
A double quarter pounder with cheese and fries arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024. David Paul Morris | Bloomberg | Getty ImagesMcDonald's Quarter Pounder burgers will return to roughly 900 restaurants this...
David Einhorn thinks Peloton could be worth $31 a share
David Enhorn pitches Peloton at the Robin Hood Investors Conference.Getty Images (L) | CNBC (R)Greenlight Capital's David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current adjusted EBITDA...
McDonald’s E. coli outbreak: CDC updates case count
A quarter pounder with cheese, fries, and a drink arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesA deadly E. coli outbreak linked to McDonald's Quarter Pounders has led to 75...
Spirit Airlines stock jumps as carrier plans to sell planes, cut jobs
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell...
What McDonald’s needs to do next after E. coli outbreak
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesAs McDonald's and health authorities race to...
Deal blocked between Coach, Michael Kors owners
Coach and Michael Kors.Michael M. Santiago | Eduardo Parra | Europa Press | Getty ImagesA federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York.In her order, Judge Jennifer Rochon granted the Federal Trade...
Volkswagen’s Scout Motors reveals first EVs, plans for plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV conceptsScoutNASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric...
Spirit AeroSystems weighs more furloughs, layoffs if Boeing strike lasts
Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024. Nick Oxford | Bloomberg | Getty ImagesSpirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike...
Yum Brands pulls onions from select locations after McDonald’s E. coli outbreak
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesYum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald's."As we continue to...
The art market is in a correction as big spenders fade
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie's auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United...
Consumers choose favorite retailer Nike Kohls
An exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag.Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty ImagesNike and Kohl's may not be winning on Wall Street, but a wide set of consumers...
NHL Tampa Bay Lightning stake sold to investor group
Jeffrey Vinik, owner of the Tampa Bay Lightning.Adam Jeffery | CNBC The Tampa Bay Lightning's ownership group is expanding.Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug...
TKO Group to acquire IMG, PBR and On Location from Endeavor
TKO Group, the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group.The businesses are Professional Bull Riders, On Location and IMG, the companies...
American Airlines (AAL) 3Q 2024 earnings
American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.The carrier said it expects to earn between 25 cents and 50 cents a share on an...
Southwest Airlines (LUV) 3Q 2024 earnings
Southwest Airlines' third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management.Elliott and Southwest struck a deal, announced Thursday, that averts a...
Southwest, Elliott strike deal to keep CEO Jordan, add six directors
A Southwest Airlines Boeing 737 jet departs from San Diego International Airport en route to St. Louis on August 24, 2024 in San Diego, California. Kevin Carter | Getty ImagesSouthwest Airlines and activist investor Elliott Investment Management announced Thursday...
David Einhorn says Peloton is significantly undervalued
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024.Adam Jeffery | CNBCShares of Peloton spiked more than 11% on Wednesday after Greenlight Capital's David Einhorn said shares of the company are significantly undervalued, CNBC has...
Abercrombie responds to CEO Mike Jeffries sex trafficking arrest
Abercrombie & Fitch chairman and CEO Mike Jeffries addresses stockholders during the company's annual meeting at the company's headquarters in New Albany, Ohio, U.S. May 22, 2003.Will Shilling | Via ReutersAbercrombie & Fitch washed its hands of its former CEO...
CDC notified about outbreak last week
A customer walks out of a McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024.Mario Tama | Getty ImagesThe Centers for Disease Control and Prevention told McDonald's late last week about a potential link to an E. coli outbreak, company spokespeople said...
Novo Nordisk asks FDA to ban compounded Ozempic, Wegovy copies
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy.Hollie Adams | ReutersNovo Nordisk on Tuesday asked the Food and Drug Administration to prevent compounding pharmacies from making unapproved and often cheaper versions of its popular weight loss...
Apple, Goldman Sachs fined over $89 million for Apple card failures
Apple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019.Noah Berger | AFP | Getty ImagesThe Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than...
Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt sales
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech...
September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors.Sales were 3.5% lower than in September...
Morgan Stanley rolls out OpenAI-powered chatbot for Wall Street division
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.Brendan McDermid | ReutersMorgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted...
Boeing (BA) 3Q 2024 earnings
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty ImagesBoeing's new CEO Kelly Ortberg will have a chance to lay out his vision for the troubled...
Coca-Cola (KO) Q3 2024 earnings
Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesCoca-Cola is about to report third-quarter earnings before the bell on Wednesday.Here is what Wall Street analysts surveyed by LSEG...
Starbucks releases preliminary results, says sales fell again
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround."Our fourth quarter...
McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders
A McDonald's located on Route 66 in Azusa, California, on April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to...
WNBA Finals Game 5 game draws highest viewership in 25 years
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesIt was a...
‘Swicy’ items take over restaurant menus as Gen Z seeks heat
A general view of atmosphere during 'Sonic Desert' presented by Coca-Cola Spiced and Topo Chico in partnership with BPM Music on April 13, 2024 in Thermal, California. Randy Shropshire | Getty ImagesThe hottest food and drink trend this year isn't just spicy — it's...
Peloton, Costco partner to sell Bike+ for 2024 holiday
Peloton's stationary bikes will soon sell at Costco's stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday.Under the terms of the deal, Costco will offer Peloton's...
Boeing CEO to discuss company’s future while workers vote on contract
Ryan Bergh, a machinist at Boeing's factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. (Photo by...
MLS attendance, sponsorship revenue hit regular season records
Lionel Messi of Inter Miami competes during a friendly match between Inter Miami and Newell's Old Boys at DRV PNK Stadium in Fort Lauderdale, Florida on February 15, 2024. Arturo Jimenez | Anadolu | Getty ImagesMajor League Soccer scored several regular season...
Walmart will start delivering prescriptions as CVS, Walgreens struggle
Walmart will start to deliver prescriptions to customers' doorsteps. Customers can also get additional items dropped off along with medications, such as groceries.Courtesy of WalmartAs CVS and Walgreens shutter hundreds of stores nationwide to shore up profits and...
NBA, WNBA and Nike renew uniform partnership
Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women's National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues announced Monday.Under the terms...
General Motors (GM) earnings Q3 2024
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting,...
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly |...
The next big career track at business schools: Family offices
The University of Chicago Booth School of Business.Courtesy: The University of Chicago Booth School of Business.A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and...
McDonald’s says it’s not political after Trump visit
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via ReutersThough President Donald Trump visited a Pennsylvania...
Boeing machinists to vote on new proposal that could end strike
People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024.Jason Redmond | AFP | Getty ImagesBoeing and its machinists' union have reached a...
Chick-fil-A to release entertainment app Play with shows and podcasts
A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Scott Olson | Getty ImagesChicken sandwiches, waffle fries, milkshakes – and now TV shows and podcasts?Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original...
Disney CEO to be named in 2026; Gorman to become board chair next year
James Gorman, executive chairman and then-chief executive of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.Jeenah Moon | Bloomberg | Getty ImagesDisney has tapped James Gorman to replace Mark Parker as the...
elections, hurricanes to affect retail spending
A Macy's store is seen at Herald Square on December 11, 2023 in New York City.Michael M. Santiago | Getty ImagesInflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty.Several hard-to-predict factors will influence...
Trump, Harris plans on drug costs, abortion, Obamacare differ
President Donald Trump talks to the press outside the White House, July 19, 2019, left, and Democratic presidential nominee and U.S. Vice President Kamala Harris speaks to mark the one-year anniversary of the Oct. 7 Hamas attacks on Israel, at the vice president's...
Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines on Friday said it reached an agreement with its credit card...
Starbucks taps former Chipotle executive as global chief brand officer
Tressie Lieberman, the incoming global chief brand officer at Starbucks.Courtesy: StarbucksStarbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left...
Embraer CEO says jet maker studying possibilities for a new aircraft
Embraer CEO Francisco Gomes Neto speaks during the Embraer Media Day 2022 at the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Carla Carniel | ReutersBrazilian plane maker Embraer is studying the market and new technology that could warrant it...
Patek Philippe Cubitus collection marks first new line in 25 years
Introducing the new Patek Philippe Cubitus line.Courtesy: Patek PhilippeStoried Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line.The new collection comes at a time when luxury watch prices have largely...
Stellantis to sell, shutter large proving grounds amid cost-cutting
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Automaker Stellantis plans to shutter and sell its...
Spirit AeroSystems to furlough 700 workers as Boeing strike continues
Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019.Nick Oxford | ReutersBoeing supplier Spirit AeroSystems will furlough some...
Folie a Deux’ is 2024’s latest box office flop
Joaquin Phoenix stars as Arthur Fleck in "Joker: Folie a Deux."Warner Bros.Warner Bros. took a big swing with "Joker: Folie a Deux." It's turned into a big whiff.After the billion-dollar success of "Joker" in 2019 on a shoestring budget of just $55 million, the studio...
Procter & Gamble (PG) Q1 2025 earnings
Boxes of Bounce dryer sheets owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty ImagesProcter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed...
Commercial real estate recovery may be uneven
A commercial building available for rent in Melville, New York, April 17, 2023.Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate.The Federal Reserve began its interest rate cutting cycle in September, lowering the Fed funds...
NFL’s Browns plan to leave Cleveland stadium for dome in the suburbs
A general view of Huntington Bank Field during an NFL football game between the Cleveland Browns and the New York Giants in Cleveland on Sept. 22, 2024.Kirk Irwin | APThe National Football League's Cleveland Browns are leaving the shores of Lake Erie.The Browns plan...
Merck says experimental RSV treatment protected infants in trial
The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021.Andrew Kelly | ReutersMerck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive results in a mid- to...
Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes
Zyn nicotine cases and pouches are seen on a table in New York City on Jan. 29, 2024.Michael M. Santiago | Getty ImagesTobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S....
NFL stadiums could experience $11 billion in climate-related losses
In this aerial view, the domed roof at Tropicana Field, the home of the Tampa Bay Rays, is seen ripped to shreds from Hurricane Miltonís powerful winds in St. Petersburg. The storm passed through the area on October 10, 2024, making landfall as a Category 3 hurricane...
Universal’s Epic Universe theme park set to open in May 2025
Concept rendering of Universal Orlando Resort's newest theme park: Epic Universe.NBC UniversalUniversal's Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida.Epic Universe is the company's fourth theme park, spanning 750 acres, and is the...
Netflix (NFLX) earnings Q3 2024
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Thursday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, upcoming live sporting...
Latino audience is key for NFL growth in the U.S. and abroad
Isiah Pacheco #10 of the Kansas City Chiefs runs for a one yard touchdown during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona.Rob Carr | Getty Images Sport | Getty ImagesEarlier...
Diamond, FanDuel reach naming rights deal for regional sports networks
Pavlo Gonchar | Lightrocket | Getty ImagesMore change is coming to Diamond Sports' regional sports networks.The company said in court papers filed Tuesday that it reached a naming rights deal with Flutter-owned FanDuel, which will rebrand the Bally Sports channels...
Tom Gores buys LA Chargers stake for $750 million
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty ImagesPrivate equity billionaire Tom Gores has agreed to pay $750 million to buy 27%...
MLB playoff viewership rises in Yankees Guardians, Mets Dodgers series
Shohei Ohtani recently became the first player in MLB history to his 50 home runs and steal 50 bases in the same season.Megan Briggs | Getty Images Sport | Getty ImagesMajor League Baseball's postseason has been knocking it out of the park.The National League...
Unrivaled women’s basketball league to air on TNT Sports
Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024.Nathaniel S. Butler | National Basketball Association...
GM updates highly profitable large SUVs
DETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand's long-standing segment leadership.The Detroit automaker's Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for...
GM, Lithium Americas agree to $625 million joint venture
General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesDETROIT — General Motors has...
Novavax shares plunge as company says FDA put hold on two shots
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesNovavax on Wednesday said the Food and Drug...
Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry
An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024.Yuki Iwamura | Bloomberg | Getty ImagesUlta Beauty shares slumped on Wednesday morning, as the company said it sees "headwinds" and tougher competition in the beauty industry.As it hosted its investor day...
United Airlines (UAL) 3Q 2024 earnings
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024.Kevin Carter | Getty ImagesUnited Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported...
Tom Brady to be part owner of NFL’s Las Vegas Raiders
National Football League owners approved Tom Brady as a minority owner of the Las Vegas Raiders on Tuesday.The seven-time Super Bowl champ bought about a 10% stake in the Raiders with his business partner, Knighthead Capital founder Tom Wagner.Brady and Wagner are...
Morgan Stanley (MS) earnings Q3 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall...
American consumers are increasingly underwater on their car loans
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States...
Automated parking robots are the latest luxury real estate amenity
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots.The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds...
Boeing to raise as much as $25 billion to shore up balance sheet
Striking Boeing workers and their supporters picket outside the Boeing Co. manufacturing facility in Renton, Washington, on Sept. 16, 2024.Yehyun Kim | AFP | Getty ImagesBoeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years,...
Walgreens (WBA) earnings Q4 2024
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Andrew Kelly | ReutersWalgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street's expectations, as the...
Bank of America (BAC) earnings Q3 2024
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersBank of America...
Goldman Sachs (GS) earnings Q3 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs is scheduled to report third-quarter earnings before the opening bell...
Boeing factory strike crosses 1-month mark as pressure mounts on CEO
A Boeing worker waves a picket sign Tuesday, Sept. 24, 2024, as workers continue to strike outside the company's factory in Renton, Wash.Lindsey Wasson | APIt's been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly...
Trump or Harris? 2024 stakes for America’s businesses
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024.Getty ImagesWith the U.S. election less than a month away, the country and its corporations are staring down two drastically different options.For...
SpaceX Starship rocket launch: Flight 5 catches booster
The Super Heavy booster lands on the company's launch tower during the fifth Starship flight on Oct. 13, 2024.SpaceXSpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket's more than 20-story tall...
Delta stops hot meals on some flights citing caterer food safety issue
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County...
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing 737 MAX airliners are pictured at the company's factory in Renton, Washington, on Sept. 12, 2024.Stephen Brashear | APBoeing will cut 10% of its workforce, or about 17,000 people, as the company's losses mount and a machinist strike that has idled its aircraft...
JPM’s Dimon says geopolitical risks ‘treacherous and getting worse’
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie...
JPMorgan Chase (JPM) earnings Q3 2024
JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected.Here's what the company reported:Earnings: $4.37 a share vs. $4.01 a share LSEG estimateRevenue: $43.32 billion, vs....
WNBA Finals to be 7 games in 2025 season
Napheesa Collier #24 of the Minnesota Lynx scores the game winning basket during the game against the New York Liberty during Game 1 of the 2024 WNBA Finals on October 10, 2024 at Barclays Center in Brooklyn, New York. Nathaniel S. Butler | National Basketball...
Jeff Shell as Paramount president may have runway to make bold changes
Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | ReutersLess than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment, the...
Wealthy millennials, Gen Z are redefining philanthropy
Solstock | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy millennials and...
Banks aren’t in the clear just yet
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerTom Brenner | ReutersFalling interest rates are...
Delta says travelers are trading summer Europe trips for fall getaways
A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Riccardo De Luca | Anadolu | Getty ImagesSummer trips to Europe are getting too hot for thousands of tourists.Delta...
United plans flights to Greenland, Mongolia and Bilbao
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesUnited Airlines is plotting a 2025 international expansion that spans Senegal to Mongolia and Greenland to Palau,...
Pro sports leagues join forces with campaign against antisemitism
Robert Kraft, Founder of the Foundation to Combat Antisemitism (FCAS), Lights the Empire State Building to Stand Up to Jewish Hate and All Hate on October 7, 2024 in New York City. mpi099 | MediaPunch | IPX | APThe biggest names in sports are joining forces in a new...
Delta Air Lines (DAL) 3Q 2024 earnings
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.The Atlanta-based carrier on Thursday forecast...
FAA license may come in time for Sunday launch
SpaceX's next-generation Starship spacecraft, atop its powerful Super Heavy rocket, lifts off on its third launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. March 14, 2024. Cheney Orr | ReutersThe Federal Aviation...
Disneyland hikes ticket prices for its highest-demand days
Sleeping Beauty Castle at Disneyland, celebrating '100 Years of Wonder.'Aaronp/bauer-griffin | Gc Images | Getty ImagesPrice hikes are coming to Disneyland.While the California-based park's entry-level ticket will remain at $104, the same price it's been for six...
Automaker expects 2025 earnings to be similar to 2024
New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, July 2, 2024.Justin Sullivan | Getty ImagesDETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul...
CVS, UnitedHealth say FTC should take Lina Khan, two commissioners off PBM case
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled "Fiscal Year 2025 Request for the Federal Trade Commission," in Rayburn Building on Wednesday, May 15, 2024. Tom Williams |...
EV profits, guidance, shareholder returns
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — Wall Street reacted to General Motors' investor day on Tuesday with a shrug.Executives used the Detroit automaker's event to focus on...
Bridgit Mendler’s Northwood passes first satellite antenna test
The startup's co-founders, from left: Chief Technology Officer Griffin Cleverly, CEO Bridgit Mendler and Head of Software Shaurya Luthra.Northwood SpaceNorthwood Space, the startup led by former television star and singer Bridgit Mendler, passed its first major...
Inside the black market of obesity drugs
BOULDER, COLO. — Not far from the majestic Rocky Mountains is an ordinary suburban neighborhood, a tree-lined street and a modest light gray home.It's not the kind of place you'd imagine an investigation into black market Ozempic would lead. But it did.A CNBC...
Slotmaker Aristocrat works to protect its IP while moving to a digital future
Aristocrat Gaming CEO Hector Fernandez told CNBC that digital opportunities are key to the company's future — as is ensuring its intellectual property is protected.Fernandez said he welcomes competition, but added that "one of the things that is pivotal for us is to...
Hard Rock open to FanDuel, DraftKings partnership in Florida
Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks.Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact...
BetMGM wagers that new technology, football can lead to a resurgence
As BetMGM tries to regain momentum in the gaming market, it's banking in part on gains in NFL betting and the draw of new technology.The company is the third largest U.S. sportsbook by market share, but has lost ground in recent years in both sports gambling and...
Spirit Halloween to open 10 new ‘Spirit Christmas’ stores
A family exits a Spirit Halloween store operating in a former Best Buy. Paul Weaver | Lightrocket | Getty ImagesSome Spirit Halloween locations will be busy for longer than usual this year.Spirit Halloween will operate 10 stores through the entire holiday season as...
GM ditching ‘Ultium’ name for batteries, tech amid EV changes
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT — General Motors will drop the name "Ultium" for its electric vehicle...
Airlines, theme parks, cruise lines prepare
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton.Chris O'Meara | APAirlines canceled hundreds of flights, theme parks...
Boeing delivers 33 jets in September but strike impact looms
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCBoeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth...
Walmart opens five more veterinary and pet grooming centers
Walmart is opening five more pet services centers after testing the first location near Atlanta. The centers offer vet visits and grooming.Courtesy: WalmartWalmart shut its doctor offices for people. But the nation's largest retailer is expanding its pet care...
PepsiCo (PEP) Q3 2024 earnings
A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022.Beata Zawrzel | Nurphoto | Getty ImagesPepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of...
Cruise, cash and EVs top of mind for Wall Street
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — A lot has changed since General Motors' last...
Rolls-Royce NYC Private Office showroom caters to top-tier clients
Rolls-Royce has opened its first U.S. "Private Office," a secret VIP design studio for ultra-wealthy clients who want highly personalized cars.The Private Office, in Manhattan's trendy Meatpacking District, is central to the fabled British automaker's new strategy of...
Walmart-owned Sam’s Club tests future without checkout lines
Sam's Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane.Sam's ClubGRAPEVINE, Texas — When shoppers walk into...
Blue Origin CEO Dave Limp brings urgency to Jeff Bezos’ space company
Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company's LC-36 facility in Florida.Blue OriginDave Limp had only one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin, the billionaire's...
Zillow adds climate risk data to home listings
Insured losses for Hurricane Helene are now estimated at over $6 billion, but the uninsured losses are far higher. That's because the vast majority of homes impacted by the storm, especially in hard-hit North Carolina, did not have flood insurance.New risk-assessment...
Stellantis files federal lawsuit against UAW union over strike threats
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Stellantis is suing the United Auto Workers,...
Tiger Woods’ logo dispute with Tigeraire escalates
USA's Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. Picture date: Friday July 19, 2024. Jane Barlow | PA Images | Getty ImagesA logo dispute between Tiger Woods' apparel company Sun Day Red and Tigeraire, a...
Mortgage rates spike after jobs report
A home for sale in Austin, Texas, on May 22, 2024.Brandon Bell | Getty ImagesThe average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government's monthly employment report. The rate is now 6.53%, according to...
GM halts production at two major U.S. plants due to Hurricane Helene
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan.JEFF KOWALSKY / AFP / Getty ImagesDETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that...
Rivian lowers production forecast, misses Q3 delivery expectations
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersShares of Rivian Automotive dropped about 8% during premarket trading Friday after the electric...
New off-road and ‘Ultimate’ models revealed
2025 Ford Expedition Platinum UltimateFordDETROIT — Ford Motor is increasing the refinement and technology of its large Expedition SUV as part of a vehicle redesign to better compete with growing competition.The new three-row SUV features a smoother interior and...
CVS is considering a break up. Here’s why that could be risky
A sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty ImagesIt's time for a wellness check at CVS Health.Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its...
Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet.Courtesy imageHyundai Motor and Waymo have agreed to a multiyear,...
Alec Baldwin’s ‘Rust’ to debut three years after on-set death
In this image from video released by the Santa Fe County Sheriff's Office, Alec Baldwin stands in costume and speaks with investigators following a fatal shooting on a movie set in Santa Fe, N.M. Special prosecutors said Tuesday, Oct. 17, 2023, that they will seek to...
Miami Dolphins weigh selling stake to Ares Management, Joe Tsai
Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiGetty ImagesThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC...
QVC to add USA Pickleball to its home shopping experience
Thomas Wilson prepares to hit a shot from Ross Whittaker and Christopher Haworth during the first round of the Pro Mens Doubles at the 2023 BioFreeze USA Pickleball National Championships held at the Brookhaven Country Club on November 8, 2023 in Dallas, Texas.Bruce...
Starbucks innovation farms will help climate-proof its coffee
A sign outside of the Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington.David Ryder | Getty ImagesMore than a decade ago, Starbucks bought its first coffee farm, in Costa Rica. Now the coffee giant has added two more to its...
LVMH and Formula One announce 10-year partnership
The Race winner trophy is seen in a Louis Vuitton trunk on the grid prior to the F1 Grand Prix of Monaco at Circuit de Monaco on May 26, 2024 in Monte-Carlo, Monaco. Bryn Lennon | Formula 1 | Getty ImagesLiberty Media-owned Formula One and luxury giant LVMH are...
Levi (LEVI) earnings Q3 2024
Justin Sullivan | Getty ImagesDenim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company's overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at...
Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT – Ford Motor lost its lead in electric vehicle sales to crosstown rival General Motors during the third...
Diamond Sports to drop MLB teams from Bally Sports regional networks
A microphone with the Bally logo is used for a post game interview following the Atlanta Braves 3-0 victory over the Minnesota Twins at Truist Park on June 28, 2023 in Atlanta, Georgia. Todd Kirkland | Getty ImagesMajor League Baseball is out of here.Diamond Sports —...
Costco adds platinum bars to its precious metals lineup
Zoom In IconArrows pointing outwardsCostco continues to chip away at the gold mine that is the precious metals market. The wholesaler is adding Swiss-made platinum bars to its selection.Costco on Wednesday announced the 1-ounce platinum bars, on sale for $1,089.99 on...
Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. Logan Riely | Getty ImagesMichael Jordan's NASCAR team, 23XI Racing,...
Stellantis U.S. auto sales extend freefall in third quarter
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesDETROIT — Stellantis' U.S. new vehicle sales during the third quarter continued a yearslong freefall despite CEO Carlos Tavares' actions to fix what he has...
Eli Lilly to build $4.5 billion research and manufacturing center
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines. The...
500 Starbucks locations have voted to unionize
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty ImagesBaristas at a Starbucks in Bellingham, Washington, became the 500th store to join the...
Harris the pro-cannabis candidate. The industry isn’t convinced
Vice President Kamala Harris further positioned herself as a pro-cannabis candidate on Monday in an interview with sports and culture podcast "All the Smoke" — but industry leaders aren't convinced her administration would lead to the reform she has promised."I just...
Nike (NKE) earnings Q1 2025
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty ImagesNike will report quarterly earnings on Tuesday as investors brace for another set of less-than-stellar...
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the...
Impulse space startup raises $150 million, led by Founders Fund
An Impulse employee works on assembling a Mira vehicle.Impulse SpaceLos Angeles-based space startup Impulse, which is led by renowned rocket specialist Tom Mueller, has raised $150 million in a new fundraising round led by venture capital firm Founders Fund.Impulse is...
PepsiCo to buy Siete Foods for $1.2 billion
Siete Foods Tortilla ChipsCourtesy: Siete FoodsPepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years.Like many food companies, Pepsi has been trying to shift...
Tom Brady watch collection to go up for sale at Sotheby’s
Tom Brady.Mike Ehrmann | Getty Images Sport | Getty ImagesLegendary quarterback Tom Brady is putting his valuable watch collection up for sale.The seven-time Super Bowl champion's collection will be available this December through auction house Sotheby's as part of...
MLS-OneFootball deal seeks to expand global audience
Lionel Messi #10 of Inter Miami controls the ball during the second half of the game against St. Louis City at Chase Stadium on June 01, 2024 in Fort Lauderdale, Florida. Megan Briggs | Getty ImagesMajor League Soccer is teaming up with German digital media platform...
EchoStar’s Dish sale marks disappointing end to Ergen’s strategy
Dish's Charles ErgenAndrew Harrer | Bloomberg | Getty ImagesDish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment.In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an...
EchoStar to sell Dish to DirecTV, combining major pay-TV providers
Hamid Akhavan, EchoStar CEO, speaking on CNBC's "Squawk on the Street" on Sept. 30, 2024.CNBCEchoStar is selling its Dish TV provider and digital business Sling to rival DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers, and...
Why the Fed’s rate cut won’t immediately help car buyers or sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020.Nick Carey | ReutersDETROIT — The Federal Reserve's decision to cut interest rates for the first time in...
Laurene Powell Jobs bets on AI startups
Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. (Photo by Steve Jennings/Getty Images for TechCrunch)Steve JenningsA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth...
Ford EV benefits program aims to boost sales
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free...
Kamala Harris promises to fight inflation
Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024.Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week,...
EchoStar nears deal to sell Dish to DirecTV with debt payment looming: sources
Charlie Ergen, chairman and co-founder of Dish Network Corp.Jonathan Alcorn | Bloomberg | Getty ImagesCharlie Ergen is getting close to selling the pay-TV business he founded more than 40 years ago.EchoStar is in advanced talks to sell satellite TV provider Dish...
Viewership, attendance soar during 2024 season
Indiana Fever guard Caitlin Clark, #22, drives to the basket against Atlanta Dream guard Destanni Henderson, #33, during a WNBA preseason game at Gainbridge Fieldhouse in Indianapolis, Indiana, on May 9, 2024.Brian Spurlock | Icon Sportswire | Getty ImagesThe Women's...
JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.Evelyn Hockstein | ReutersBuried in a...
FDA approves Bristol Myers Squibb’s schizophrenia drug
Bristol Myers Squibb's Cobenfy drugCourtesy: Bristol Myers SquibbThe Food and Drug Administration on Thursday approved Bristol Myers Squibb's highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder...
Trademark dispute emerges over Tiger Woods’ new logo
Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12, 2024 in Pacific Palisades, California.Kevork Djansezian | Getty Images Sport | Getty ImagesTiger Woods' new logo...
Nuggets, Avalanche launch streaming service Altitude+
Nikola Jokic, #15 of the Denver Nuggets, shoots the ball against Bones Hyland, #5, and Norman Powell, #24, of the Los Angeles Clippers during the second half of a preseason game at Crypto.com Arena in Los Angeles on October 19, 2023.Kevork Djansezian | Getty...
Hoda Kotb announces she is leaving NBC’s ‘TODAY’ show
Hoda Kotb on the set of the TODAY Show on Friday, April 12, 2024,Nathan Congleton | Nbcuniversal | Getty ImagesHoda Kotb will be leaving her role as a co-anchor on NBC's "TODAY" show early next year, she announced in a letter to staff on Thursday."As I write this, my...
Wealthy investors support Harris over Trump, new survey says
Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024. Jim Watson | AFP | Getty ImagesA majority of millionaire investors said they plan to vote...
U.S. new vehicle sales expected to have struggled during third quarter
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesDETROIT — U.S. sales of new vehicles are expected to have struggled during the third quarter amid economic and...
Southwest raises Q3 forecast, announces $2.5 billion buyback
A Southwest Boeing 737 is at Phoenix Sky Harbor International Airport in Arizona, USA, on July 2, 2024. Robert Smith | Nurphoto | Getty ImagesSouthwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized a $2.5 billion in...
Investor Paul Viera doubles San Antonio Spurs stake
The San Antonio Spurs logo is seen before the game against the Golden State Warriors in Game Three of Round One of the 2018 NBA Playoffs on April 19, 2018 at the AT&T Center in San Antonio, Texas. Noah Graham | National Basketball Association | Getty...
Southwest to cut service and staffing in Atlanta to slash costs
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty ImagesSouthwest Airlines is planning to reduce service to and from Atlanta next...
SEC charges Merrill Lynch and Harvest for ignoring client instructions
A logo for financial service company Merrill Lynch is seen in New York.Emmanuel Dunand | Afp | Getty ImagesThe Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment...
Novo Nordisk’s Ozempic may lower risk of opioid overdoses: study
A box of Ozempic made by Novo Nordisk is seen at a pharmacy in London, Britain March 8, 2024.Hollie Adams | ReutersNovo Nordisk's blockbuster diabetes drug Ozempic may decrease the risk of opioid overdoses in certain patients, demonstrating its potential as an...
New Starbucks CEO Brian Niccol commits to working with union
A Starbucks worker wears a t-shirt and button promoting unionization on April 7, 2022, in Chicago. John J. Kim | Chicago Tribune | Tribune News Service | Getty ImagesStarbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the...
How birria took over restaurant menus across the country
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland.Laura Chase de Formigny | The Washington Post | Getty ImagesBirria, which was once known as a regional Mexican food,...
DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’
Justin Sullivan | etty ImagesThe U.S. Justice Department on Tuesday sued Visa, the world's biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing "exclusionary" agreements on partners and smothering upstart firms.Visa's...
Levi’s teases Beyoncé collaboration as denim trend takes hold
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024.Michael Buckner | Billboard | Getty ImagesLevi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram.The...
Novo Nordisk CEO to testify at Senate over weight loss drug prices
Lars Fruergaard Jørgensen, CEO of Novo Nordisk, speaks during an interview in New York on Aug. 10, 2022.Christopher Goodney | Bloomberg | Getty ImagesNovo Nordisk's top executive is slated to face a Senate grilling on Tuesday over the high prices of the company's...
Boeing sweetens labor proposal in ‘best and final’ offer
Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty ImagesBoeing on Monday sweetened a contract offer and said it was its "best and final" proposal for its more than 30,000 machinists...
Southwest Airlines tells staff ‘difficult decisions’ ahead
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines has warned employees that it will have to make "difficult decisions" ahead to boost profits as the carrier faces...
How Foot Locker is waging a comeback after its breakup with Nike
An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles.Patrick T. Fallon | Bloomberg | Getty ImagesDuring a recent event celebrating Foot Locker's 50th anniversary in New York City,...
GM’s EV sales momentum is finally building
Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022.Frederic J. Brown | AFP | Getty ImagesWARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the...
Machinists prepare for lengthy stoppage
Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024. Matt Mills Mcknight | ReutersRENTON, Wash. — Cash-strapped Boeing is facing mounting costs from...
Boeing’s defense unit chief Colbert is departing, CEO says
Former CEO for Boeing's defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019.Karim Sahib | AFP | Getty ImagesThe head of Boeing's defense unit Ted Colbert is leaving the company effective immediately, said CEO...
FTC sues drug middlemen for allegedly inflating insulin prices
The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the drug middlemen use practices that boost their profits while "artificially" inflating costs for patients. The suit targets the three biggest...
Family offices are the most bullish they’ve been in years, survey says
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are the most bullish they've been in...
NFL first with two women presidents at the helm
Las Vegas Raiders President Sandra Douglass Morgan & Carolina Panthers President, Kristi Coleman.Getty Images (L) | AP (R)When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League.The game is...
AA in talks to pick Citigroup over Barclays
An American Airlines' Embraer E175LR (front), an American Airlines' Boeing 737 (C) and an American Airlines' Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty ImagesAmerican Airlines is in talks to...
Disney to ditch Slack after July data breach
The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesThe Walt Disney Company will no longer use...
Nike CEO John Donahoe is out, replaced by Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan Mcdermid | ReutersNike on Thursday announced that its CEO John Donahoe is stepping down...
Civil rights groups urge Fortune 1000 to protect DEI
Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts.The call to action comes after businesses including Ford,...
August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors.That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023....
UAW warns of potential strikes at Ford, Stellantis
UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023.Matthew Hatcher | AFP | Getty...
JetBlue to build airport lounges in New York, Boston
JetBlue planes at JFK's Terminal 5 in New York.Leslie Josephs | CNBCJetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers.The lounges will open at the...
Darden Restaurants (DRI) Q1 2025 earnings
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining...
Boeing starts furloughing ‘large number’ of employees amid strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing will temporarily furlough thousands of U.S. executives, managers and other...
JPMorgan investment bank creates new role overseeing junior bankers
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase...
ESPN’s Adrian Wojnarowski will retire, take St. Bonaventure job
Adrian Wojnarowski looks on before the game on June 7, 2023 at Kaseya Center in Miami, Florida. David L. Nemec | National Basketball Association | Getty ImagesESPN's star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X...
Tennessee to raise season ticket prices 10% for revenue sharing
Nico Iamaleava #8 of the Tennessee Volunteers warms up prior to the Duke's Mayo Classic against the NC State Wolfpack at Bank of America Stadium on September 07, 2024 in Charlotte, North Carolina. Jared C. Tilton | Getty ImagesThe University of Tennessee is raising...
WNBA to add expansion team in Portland, bringing league to 15 franchises
WNBA expansion team coming to Portland in 2026.Source: WNBAThe WNBA is adding its 15th team in Portland, the third new franchise as part of its most recent expansion, the league announced Wednesday.The Portland team, which was not named in a WNBA release, will begin...
Intuitive Machines stock soars 50% after NASA moon satellite contract
The company's IM-1 mission lander shortly after launching on Feb. 15, 2024.Intuitive MachinesIntuitive Machines' stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites."This contract marks an...
JPMorgan Chase in talks with Apple to take card from Goldman Sachs
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesApple is in discussions with JPMorgan Chase for the bank to take over the tech giant's flagship...
Alaska-Hawaiian airline merger clears DOT review
Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024. Hasan Akbas | Anadolu | Getty ImagesAlaska Airlines and Hawaiian Airlines can go through with their...
FanDuel parent Flutter acquires Snaitech, NSX
People walk by a banner outside of the New York Stock Exchange for the initial public offering of Flutter Entertainment, the parent company of FanDuel, on Jan. 29, 2024.Spencer Platt | Getty ImagesFanDuel parent Flutter Entertainment will spend $2.6 billion (2.3...
SpaceX Starlink has 2,500 airplanes under contract
A Starlink terminal installed on a Hawaiian Airlines aircraft.Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday."Very excited that we have about 2,500...
FDIC rule would make banks keep fintech customer data after Synapse debacle
Tsingha25 | Istock | Getty ImagesThe Federal Deposit Insurance Corporation on Tuesday proposed a new rule forcing banks to keep more detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of Americans being locked...
UAW union files unfair labor charges against Stellantis
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty ImagesDETROIT — The United Auto Workers union on Monday...
Tapestry-Capri antitrust trial: Michael Kors testifies
Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios on February 15, 2017 in New York City. Dimitrios Kambouris | Getty ImagesNEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael...
Boeing freezes hiring in sweeping cost cuts as it grapples with strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing announced sweeping cost cuts Monday, including a hiring freeze, a pause on...
Charter rolls out new Spectrum pricing, internet speeds
Christopher L. Winfrey, CEO of Charter Communications.Courtesy: Charter CommunicationsCharter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider.The cable giant told...
Radiopharmaceuticals race heats up as drugmakers chase Novartis
Drugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. Bristol Myers Squibb, AstraZeneca, Eli Lilly and other pharmaceutical companies have spent some $10 billion on deals to acquire or work with...
DirecTV, Disney reach deal to end blackout in time for college football
DirecTV and Disney have reached a deal that brings Disney's ESPN and other channels back to the pay-tv provider's customers after a roughly two week blackout.The deal comes in time for college football this Saturday, which airs on ABC, ESPN, as well as the SEC Network...
Pfizer’s cancer cachexia drug shows positive midstage trial results
Pfizer's experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive results in a midstage trial, the drugmaker said Saturday. Patients with the condition, called cancer cachexia, who took...
Shein and Temu prices poised to rise after Biden de minimis proposal
A man walking past a logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. Jade Gao | Afp | Getty ImagesThe bottom of the barrel prices that have made Chinese-linked e-tailers Shein and Temu so popular...
U.S. lawmakers introduce bill to put regulations on sports betting
Sports gambling has exploded across the United States over the past six years and, in response, two lawmakers have introduced legislation that would implement federal regulations on the practice.Rep. Paul Tonko D-N.Y. and Sen. Richard Blumenthal, D-Conn., on Thursday...
Strike will ‘jeopardize’ recovery, hurt aircraft production
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing CFO Brian West said...
United Airlines to offer free Wi-Fi using SpaceX’s Starlink
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on August 24, 2024 in San Diego, California. Kevin Carter | Getty ImagesUnited Airlines said Friday that it plans to offer inflight Wi-Fi from SpaceX's Starlink...
Harris’ rise in polls sparks wave of wealth transfers to kids
Dimensions | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The tightening...
Jeep CEO enacts turnaround plan after significant sales declines
Jeep Wagoneer S Trailhawk EV conceptMichael Wayland / CNBCDETROIT — Stellantis' Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb.Jeep, a coveted brand...
Tapestry Capri antitrust trial: Key questions about merger
Pedestrians walk past a Coach store and a Michael Kors store.Scott Olson | Getty ImagesJust a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh...
Boeing workers overwhelmingly reject contract, prepare to strike
More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company's aircraft after staff overwhelmingly rejected a new labor contract.It's a costly development for the manufacturer that has struggled to ramp up production and restore...
American Airlines flight attendants ratify new contract with immediate raises topping 20%
Julie Hedrick, president of the Association of Professional Flight Attendants (APFA), right, announces a strike authorization outside Dallas-Fort Worth International Airport (DFW) near Dallas, Texas, on Wednesday, Aug. 30, 2023.Shelby Tauber | Bloomberg | Getty...
Flights are getting more expensive as airlines scale back growth plans
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty ImagesAirlines are reporting better unit revenues for the tail end of summer, a sign customers will continue to have to shell...
CEO of Ford’s highly profitable Pro business to retire
Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesDETROIT — The head of Ford Motor's highly profitable "Pro" commercial and fleet business will retire at the end...
Dealers, UAW condemn Stellantis CEO over cuts, sales declines
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersDETROIT – Stellantis' U.S. dealer network has joined the United Auto Workers union in criticizing...
SpaceX performs historic first spacewalk with Polaris Dawn crew
Polaris Dawn commander Jared Isaacman emerges from SpaceX's Dragon capsule during a spacewalk on Sept. 12, 2024.SpaceXSpaceX pulled off its first spacewalk in the early hours of Thursday morning, in a historic first for a company.The marquee event of the private...
Harvey Weinstein indicted on new charges by New York grand jury
Former film producer Harvey Weinstein appears at a hearing in Manhattan Criminal Court on May 1, 2024 in New York City. This is his first public appearance since the New York State Court of Appeals overturned his 2020 rape conviction on April 25. David Dee...
Airbus Ventures launches $155 million fund focused on deep tech, space
Thomas d'Halluin, Managing Partner of Airbus Ventures, at Hangar One of NASA Ames Research Center's Moffett Field in California.Airbus VenturesAirbus Ventures, one of the most prolific investors in space startups, has raised a $155 million fund that it plans to deploy...
$1 billion in cost cuts, 10 product launches planned
Moderna headquarters, exterior view, Cambridge, Massachusetts, USA. Plexi Images | GHI | UCG | Universal Images Group | Getty ImagesModerna on Thursday said it plans to cut around $1.1 billion in expenses by 2027 and win approvals for several new products as it charts...
Gilead Lenacapavir cut HIV infections by 96% in trial
A pharmacist holds a vial of lenacapavir, the new HIV prevention injectable drug.Nardus Engelbrecht | APGilead's twice-yearly shot reduced HIV infections by 96% in a second large study, the company said Thursday.The positive phase three trial data on Lenacapavir sets...
Junior Bridgeman buying stake in Milwaukee Bucks, team valued at $4 billion
Ulysses “Junior“ Bridgeman attends Day 2 of 2023 Invest Fest at Georgia World Congress Center on August 27, 2023 in Atlanta, Georgia. Paras Griffin | Getty ImagesBusinessman and former NBA player Ulysses Lee "Junior" Bridgeman is buying a 10% stake in the Milwaukee...
Boeing faces strike threat as workers vote on new contract
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024.Jennifer Buchanan | Afp | Getty ImagesBoeing workers are voting on a new labor contract on Thursday, setting up the potential for a crippling strike if staff...
Noom to offer GLP-1 drug through new weight loss program
Digital health company Noom on Thursday announced it will offer a compounded GLP-1 drug as part of a new weight loss product that starts at $149. The treatment will feature compounded semaglutide, the same active ingredient in Novo Nordisk's blockbuster obesity and...
McDonald’s to extend $5 value meal offer into December
A McDonald's McDouble cheeseburger, small fries, four-piece chicken nuggets, and a small soft drink arranged in New York, US, on Monday, June 17, 2024. Lucia Buricelli | Bloomberg | Getty ImagesMcDonald's will extend its $5 value meal into December in most U.S....
GM, Hyundai to explore co-development of vehicles, manufacturing
Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas.Courtesy imageDETROIT — General Motors and...
Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty ImagesBurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had "substantial doubt" about its ability to...
Streaming deals are key to future of NFL viewership, fandom
The National Football League's bet on streaming is paying off — and helping to broaden its fanbase in the U.S. and globally.Hans Schroeder, the NFL's executive vice president of media distribution, said at CNBC x Boardroom's Game Plan sports business event on Tuesday...
Live shopping is coming to the red carpet
When viewers tune in to the 2024 MTV VMAs on Wednesday night, they'll be able to shop the outfits and designer looks they're seeing in real time, as legacy media companies look for new ways to monetize content.As part of a new partnership between Paramount Global —...
Growth expected after 2024 election
As presidential nominees Vice President Kamala Harris and former President Donald Trump prepare to face off in their first debate Tuesday night, voters will be tuning in for clarity on their plans to handle issues including the economy, inflation and job growth.One...
MLB is charting a new course, aiming for a more national strategy
Aaron Judge #99 of the New York Yankees swings his bat during the first inning against the Texas Rangers at Globe Life Field on September 03, 2024 in Arlington, Texas.Sam Hodde | Getty ImagesMajor League Baseball is likely on a different trajectory than it was a...
Women’s sports are on an upward trajectory as fans, brands engage
Indiana Fever guard Caitlin Clark, #22, drives to the basket against Atlanta Dream guard Destanni Henderson, #33, during a WNBA preseason game at Gainbridge Fieldhouse in Indianapolis, Indiana, on May 9, 2024.Brian Spurlock | Icon Sportswire | Getty ImagesThe fervor...
No signs of slowing down for sports betting, industry leaders say
A DraftKings Sportsbook logo is posted on the right field wall of Chicago's Wrigley Field before a game between the Chicago Cubs and Philadelphia Phillies on Sept. 27, 2022. John J. Kim | Tribune News Service | Getty ImagesSports betting is continuing its integration...
After success in Paris, Los Angeles looks to elevate Olympic Games in 2028
Karen Bass, Mayor of Los Angeles, waves the Olympic flag as Thomas Bach, President of International Olympic Committee, applauds during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France.Carl Recine | Getty...
New Starbucks CEO Brian Niccol outlines plans for business
New Starbucks CEO Brian Niccol will focus on improving the chain's U.S. business in his first 100 days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday."... In some places — especially in the U.S. — we aren't always...
JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024.Saul Loeb | AFP | Getty ImagesJPMorgan Chase shares fell 7% Tuesday after the bank's president told analysts...
SEC charges Keurig Dr Pepper over K-Cup recyclability
Green tea pod is visible inside a Keurig brand coffee maker, Lafayette, California, December 17, 2022. Photo courtesy Sftm. Gado | Archive Photos | Getty ImagesThe Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the...
Federal Reserve unveils new banking regulation in Wall Street victory
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023.Evelyn Hockstein |...
Southwest Chair Kelly to step down next year amid Elliott fight
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines executive chairman and former CEO Gary Kelly said Tuesday that he will retire next...
Sales of $10 million homes surge in Palm Beach and New York
Tarpon Island, a private island in Palm Beach, Florida, sold for $150 million in May 2024.CNBCA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive...
DirecTV customers might miss ‘Monday Night Football’ amid Disney fight
Millions of DirecTV customers will likely be unable to watch the NFL's opening "Monday Night Football" game on ESPN as the company has yet to reach a deal with network parent Disney as of Monday evening.Disney's TV networks went dark on Sept. 1 for DirecTV's customers...
Goldman Sachs to post $400M hit in third quarter over consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Aug. 6, 2024.Jeenah Moon | Bloomberg | Getty ImagesGoldman Sachs will post a roughly $400 million pretax hit to...
Big Lots bankruptcy, plans sale and store closures
A Big Lots store in Los Angeles, California, US, on Saturday, Sept. 7, 2024. Discount home goods retailer Big Lots Inc. is preparing to file for bankruptcy as soon as Sunday, and plans to sell its chain of stores via a court-supervised process, according to people...
Leqembi could give Alzheimer’s patients more time, but road to treatment is long
Hannah Yoon | The Washington Post | Getty ImagesLeqembi, an Alzheimer's drug from Biogen and Eisai, isn't a cure for the mind-damaging disease. But the treatment promises to give patients such as Missie Meeks more time to live their daily lives normally and...
Nelson Peltz steps down as chair of Wendy’s board
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCNelson Peltz is stepping down as chair of Wendy's, ending a 17-year reign at the fast-food chain.Wendy's said Friday that the change is effective...
The $100,000 electric truck market is here
Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right).Michael Wayland / CNBCDETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and...
Automakers up NFL advertising after pullback
Toyota's "We Roll Deep Anthem" spot includes fans and NFL stars "setting off on an adrenaline-packed NFL adventure."ScreenshotAutomakers are rushing back into advertising during the National Football League season after a slowdown in recent years.Toyota Motor...
Starboard moves to collapse News Corp’s dual class stock in challenge to Rupert Murdoch
Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Picture date: Thursday June 22, 2023.Victoria Jones | Pa Images | Getty ImagesActivist investor Starboard Value has moved to dissolve News Corp's dual-class share structure, a challenge to...
NFL Brazil game Packers Eagles key to growth Goodell says
The NFL kicks off its first ever game in South America on Friday night, as the league pushes to grow its footprint overseas.As the NFL enters the Southern Hemisphere, professional football has never been stronger financially. Last season, the league pulled in $13...
Top 10 people most likely to reach trillionaire status
Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R)ReutersA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future...
Home listings are up more than 60% in these cities
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of...
Boeing Starliner set to leave ISS empty, months later than planned
Boeing spacecraft Starliner is seen from the window of SpaceX's Dragon capsule "Endeavour" on July 3, 2024 while docked with the International Space Station during the crew flight test.NASABoeing's Starliner is set to leave the International Space Station on Friday,...
U.S. airlines cool hiring after adding employees in post-Covid spree
A pilot performs a walkaround before a United Airlines flightLeslie Josephs/CNBCU.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of...
Kansas City Chiefs valuation playoffs Super Bowl
Patrick Mahomes and Travis Kelce of the Kansas City Chiefs celebrate a victory in 2022.David Eulitt | GettyThe NFL team that has won three of the last five Super Bowls is worth less than the organizations with the two longest playoff droughts in the league.The Kansas...
Green Bay Packers stock ownership team valuation
Jeff Robinson | Icon Sportswire | Getty ImagesOnly one National Football League team has an ownership structure that resembles a publicly traded company.The Green Bay Packers, who are the 12th most-valuable NFL franchise at $6.3 billion, according to CNBC's Official...
Court approves plan to exit Chapter 11
The exterior of a Red Lobster restaurant in Austin, Texas, on May 20, 2024.Brandon Bell | Getty ImagesA bankruptcy court approved Red Lobster's plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy.The company, known for its seafood...
Why airlines like American are scrambling to make engines last longer
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It's all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers...
Family offices may surpass hedge funds, with $5.4 trillion by 2030
Colleagues working together in the office.Aja Koska | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,...
Summer box office buoyed by ‘Inside Out 2,’ ‘Deadpool & Wolverine’
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyBox office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade.Thanks to some...
Beyond Meat to launch new steak alternative as it focuses on health
Beyond Meat in El Segundo, California, on May 30, 2024.Christina House | Los Angeles Times | Getty ImagesBeyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers.CEO Ethan Brown said on Wednesday that the...
NFL team sales are likely to stall as valuations soar
Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. Beyond that, it's anyone's guess when another franchise will change hands.Former Seahawks owner and Microsoft co-founder Paul Allen died in 2018....
Rising NFL valuations mean massive returns for owners
A National Football League team today is a $6.5 billion business.That is the average value of the NFL's 32 franchises, according to CNBC's Official 2024 NFL Team Valuations. Pro football teams have been a lucrative asset for owners in the most popular U.S. sports...
NFL’s most valuable team at $11 billion
DaRon Bland, #26 of the Dallas Cowboys, celebrates after an interception returned for a touchdown in the game against the Washington Commanders during the fourth quarter at AT&T Stadium in Arlington, Texas, on Nov. 23, 2023.Ron Jenkins | Getty ImagesWhen Jerry...
Ford truck, hybrid models lead to 13% increase in August sales
A Ford Raptor pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT — Ford Motor's U.S. vehicle sales jumped 13.4% last month, led by increases in the company's F-Series trucks and hybrid...
American Airlines adds new Europe flights for summer 2025
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAs social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy...
Los Angeles Rams worth $2 billion more than LA Chargers
Los Angeles Rams owner Stanley Kroenke speaks during the "Football Meets Football" Youth Clinic at the Rams NFL training camp on the Loyola Marymount University campus in Los Angeles on July 26, 2024.Patrick T. Fallon | Afp | Getty ImagesThere is a $2 billion gulf...
How investing in teams will work
A detailed view of the NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024.Ric Tapia | Getty Images Sport | Getty ImagesThe National Football League is opening its gates to...
CNBC Official 2024 NFL Team Valuations
CNBC Official 2024 NFL Team ValuationsJoin us on Sept. 10 in Los Angeles for CNBC x Boardroom's Game Plan. This high-powered event brings together industry leaders, visionaries and influencers, along with executives and investors to explore the dynamic intersection of...
Molson Coors pumps the brakes on DEI practices
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesMolson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies.In an internal memo sent...
NFL’s next big media rights payday is years off
A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty ImagesIn 2021, the National Football League signed an 11-year,...
Dick’s Sporting Goods (DKS) earnings Q2 2024
A Dick's Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California. Kirby Lee | Getty Images News | Getty ImagesDick's Sporting Goods on Wednesday blew past Wall Street's earnings estimates in its fiscal second quarter...
Dollar Tree (DLTR) earnings Q2 2024
A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Justin Sullivan | Getty ImagesShares of Dollar Tree fell about 10% in premarket trading Wednesday after the discounter cut its full-year outlook, citing...
Steph Curry says he wants to be an NBA owner in the future
Four-time NBA Champion Steph Curry is already planning for life after basketball.The 10-time NBA All-Star spoke to CNBC's "Squawk on the Street" on Tuesday about the rest of his basketball career, his various businesses and goals for after his playing career ends.The...
NFL season expected to spur record $35 billion in legal sports wagers
Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter of a preseason game at Commanders Field on August 25, 2024 in Landover, Maryland.Scott Taetsch | Getty Images Sport |...
Soaring sports team values pressure owners on taxes, succession
A detail view of a NFL shield logo paint of the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium on August 24, 2024 in Houston, Texas.Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from...
Tesla Cybertruck is in a category of its own for better or worse
A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.Michael Wayland / CNBCDETROIT – Spaceship. Dream car. UFO. Dumpster. Cool. Stupid. Phenomenal. Abomination.Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of...
NBC Olympics 2024 playbook has so far paid off
Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. Kristy Sparow | Getty ImagesComcast's NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the...
Restaurant chains that filed for bankruptcy this year
The Red Lobster logo is displayed outside of a closed restaurant in Torrance, California, on May 14, 2024.Patrick T. Fallon | Afp | Getty ImagesRestaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across...
A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm.Mario Tama | Getty Images News | Getty ImagesFor over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres...
Cannabis industry targets luxury consumers in New York
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary.Courtesy: The Travel AgencyCannabis consumption has turned a corner — and now it's on Fifth Avenue.Shoppers walking along the iconic New York stretch of retailers can...
FDA authorizes Novavax Covid vaccine targeting JN.1
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration authorized Novavax's updated protein-based Covid vaccine for emergency use in people ages 12 and up on Friday, paving...
Ulta earnings Q2 2024
Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company's first earnings per share miss...
Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024.Gary Hershorn | Corbis News | Getty ImagesAirlines that spent years clamoring for new jets are...
Lululemon (LULU) earnings Q2 2024
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and...
Stephen Curry signs $62.6 million extension with Warriors
Steph CurryJonathan Bachman | Getty ImagesNBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC.The extension keeps Curry in a Warriors uniform through the 2026-2027 season, and...
GM folding its all-electric BrightDrop vans into Chevrolet brand
Brightdrop EV600 vanSource: BrightdropDETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles.The change is expected to expand the selling...
Shares halted after apparent early release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty ImagesGap shares were halted Thursday morning after its quarterly earnings results were apparently released early.The apparel retailer is set...
American Eagle (AEO) earnings Q2 2024
A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesAmerican Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60%...
Best Buy (BBY) earnings Q2 2025
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City.Spencer Platt | Getty ImagesBest Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer...
YES Network, MSG Networks to launch combined New York sports app
New York Yankees captain Aaron Judge.Erick W. Rasco | Sports Illustrated | Getty ImagesGotham Advanced Media and Entertainment, the joint venture between MSG Networks and the YES Network, is launching a new app in the fall that will air local games for seven New York...
Ford joins list of companies walking back DEI policies
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesFord Motor is the latest company to walk back some of its commitments to diversity,...
Abercrombie & Fitch (ANF) earnings Q2 2024
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty ImagesAbercrombie & Fitch's revenue grew 21% during its fiscal...
Foot Locker (FL) earnings Q2 2024
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company's same-store sales grew 2.6% during its fiscal...
Washington Commanders stadium naming goes to Northwest Federal Credit Union
Washington Commanders fans celebrate after NFL team owners unanimously approved Josh Harris' purchase of the team from Daniel Snyder, at The Bullpen's "Burgundy and Sold" party on July 20, 2023.Julia Nikhinson | The Washington Post | Getty ImagesThe home of the...
Nordstrom (JWN) earnings Q2 2024
Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher...
Lego revenue jumps 13% in first half of 2024
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick.On Wednesday, Lego said revenue...
NFL wants to take percentage of private equity investment profits
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024.Michael Reaves | Getty ImagesThe National Football League has informed...
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023,...
NFL private equity ownership vote expected to approve select firms
Jacob Kupferman | Getty ImagesThe NFL's most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League's 32 owners are expected to vote in favor of allowing select private equity firms to...
Eli Lilly releases new, cheaper form of weight loss drug
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach...
Restaurants fight FTC junk fee crackdown over surcharges
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight.Surcharges or fees covering everything from credit card processing to gratuities to "inflation" have become more popular on restaurant checks...
Bitcoin rally helps create 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024.Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year as...
Mavericks, Pelicans games leave local networks amid Diamond bankruptcy
The NBA logo before the game between the Detroit Pistons and Charlotte Hornets at Little Caesars Arena in Detroit on March 11, 2024.Nic Antaya | Getty ImagesDallas Mavericks and New Orleans Pelicans fans are waiting for a new way to watch local games in the upcoming...
Boeing Starliner returning empty, NASA to use SpaceX to get astronauts
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASABoeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it...
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved
Edgar Bronfman, Jr.Cameron Costa | CNBCEdgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful.Bronfman is open to having Redstone, currently non-executive chairman at Paramount,...
