Business
RFK Jr. vaccine panel Covid shot recommendations
Members of the Advisory Committee on Immunization Practices listen to a presentation about Covid-19 during an ACIP meeting at the Centers for Disease Control and Prevention in Atlanta, Sept. 19, 2025.Alyssa Pointer | ReutersHealth and Human Services Secretary Robert...
Trump threatening broadcast station licenses — explained
A sign is seen outside of the "Jimmy Kimmel Live!" show outside the El Capitan Entertainment Centre on Hollywood Boulevard, from where the show is broadcast in Hollywood, California on Sept. 18, 2025.Frederic J. Brown | AFP | Getty ImagesDisney's decision this week to...
Costco, Sam’s Club and BJ’s open new stores and gain members
Costco Wholesale, Sam's Club and BJ's Wholesale stores.Getty ImagesOn Costco's last earnings call, executives were grilled about a problem few companies have: how is the company managing crowded stores and jammed-up parking lots?That dilemma is a sign of the times for...
RFK Jr.’s vaccine panel postpones vote on hepatitis B shot for babies
Health and Human Services Secretary Robert F. Kennedy Jr.'s hand-picked vaccine panel on Friday postponed a vote on whether to delay the first dose of the hepatitis B shot from birth to at least one month for most babies born in the U.S.The decision means that the...
5 key takeaways from CNBC investigation
Walmart's online marketplace has become a key part of its strategy to grow profit faster than sales and better compete against its longtime rival, Amazon.As the largest U.S. retailer with more than 4,600 locations nationwide, growing sales online is also critical for...
Walmart Marketplace’s rapid growth came with fakes, scams
When Mary May started buying from third-party sellers on Walmart's online marketplace, she said she assumed the products she was purchasing were the same as the ones she'd long bought in stores. So in late March when she said she saw a "ridiculous sale" on her...
How to avoid buying fake products on online marketplaces
As more consumers prioritize convenience and value over brand loyalty, experts say they're turning to online marketplaces more than ever to buy the things they need, raising the risk they could inadvertently purchase a fake product.While fake goods have exchanged...
FedEx (FDX) Q1 2026 Earnings
A Fedex truck is seen during heavy traffic on Sept. 16, 2025 in New York City. Zamek | View Press | Corbis News | Getty ImagesFedEx beat on the top and bottom lines in its fiscal first-quarter earnings report on Thursday.The stock rose more than 5% in after-hours...
Comcast’s Versant reports declining annual profit as it prepares to go public
Versant, Comcast's spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public.The new entity will trade on the Nasdaq under the ticker "VSNT" after the separation, according to a filing with the U.S. Securities and Exchange...
Darden Restaurants (DRI) Q1 2026 earnings
Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business.The company also raised its full-year forecast for revenue growth, although it only reiterated its projections...
Trump pressure on the media mounting
Show host Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024.Mike Blake | ReutersPresident Donald Trump's pressure on media companies appears to be mounting.On Wednesday, the Walt Disney...
Larry Ellison $365 billion fortune breaks every rule of wealth management
A version of this article 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.Larry Ellison built the world's second-largest fortune by...
American Express Platinum Card Refresh 2025: $895 fee, $3,500 perks
American Express platinum business card.Courtesy: American ExpressAmerican Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country's high spenders.The company said that consumer and business versions of...
Covid shot access, coverage at stake as RFK Jr.’s vaccine panel meets
Ruth Jones, immunization nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center in Miami, Florida, on May 29, 2025.Joe Raedle | Getty ImagesCovid shot access and coverage in the U.S. hang in the balance as an...
Hyundai adjusts 2025 forecast, citing tariffs, ahead of investor day
NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025.The new targets call for an operating profit margin this year of between 6% and 7%,...
Cracker Barrel Q4 2025 earnings
In an aerial view, a Cracker Barrel sign hangs on a sign outside of a restaurant in Florida City, Florida, on Aug. 27, 2025.Joe Raedle | Getty ImagesCracker Barrel Old Country Store said Wednesday that the restaurant chain is focusing on enhancing its experiences for...
Spirit CEO says airline will slash flights, could cut jobs
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines CEO Dave Davis on Wednesday braced staff for more job...
Live Nation CEO says demand is unmistakable, concert tickets are underpriced
Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week live events are more central than ever to culture and commerce in a post-pandemic world. The executives spoke at CNBC Sport and Boardroom's Game Plan conference on Tuesday,...
Eli Lilly obesity pill beats Novo Nordisk drug in diabetes trial
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 its experimental pill outperformed Novo Nordisk's own oral drug in the first head-to-head study...
NCAA sports commissioners weigh revenue models, private equity
Big East Commissioner Val Ackerman, Atlantic Coast Conference Commissioner Jim Phillips, and Big 12 Commissioner Brett Yormark.Porter Binks | Matt Kelley | Stacy Revere | Getty ImagesCollege sports leaders are crunching the numbers as they head toward payments for...
Frontier CEO fires back at United CEO’s criticism of discount airlines
President and CEO of Frontier Airlines, Barry Biffle attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022, in New York City.Steven Ferdman | Getty Images Entertainment | Getty ImagesFrontier Airlines CEO Barry Biffle...
Mortgage rates drop to 3-year low ahead of Fed meeting
Mortgage rates dropped sharply Tuesday, as investors in mortgage-backed bonds seemed to buy in ahead of a widely expected rate cut by the Federal Reserve.The average rate on the 30-year fixed mortgage dropped 12 basis points from Monday to 6.13%, according to Mortgage...
Josh Harris says more sports assets aren’t likely to go public
Washington Commanders managing partner Josh Harris (L) signs a Commanders helmet while joined by Washington D.C. Mayor Muriel Bowser (C) and NFL Commissioner Roger Goodell (R) during a news conference on construction of a new Commanders stadium in Washington, D.C., on...
NHL Commissioner Gary Bettman embracing return to Olympics
Gary Bettman, NHL commissioner, speaking on CNBC's "Squawk Box" on Nov. 20, 2024.CNBCThe 2026 Winter Olympics in Milan will mark the first time in 12 years that NHL players will return to the Games, something NHL Commissioner Gary Bettman is expecting to have a big...
United CEO Scott Kirby confident in airline’s flight expansion
Scott Kirby, CEO of United Airlines, speaks during the WSJ's Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City. Michael M. Santiago | Getty ImagesNEWARK, New Jersey — An oversupply of flights forced airlines to cut fares this year and pushed...
Eli Lilly to build $5 billion Virginia manufacturing facility
Eli Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | ReutersEli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted...
Versant, League One Volleyball strike multiyear media deal
LOVB Austin middle blocker Molly McCage (5) spikes the ball past LOVB Houston outside hitter Jess Mruzik (5) during the League One Volleyball match between LOVB Austin and LOVB Houston February 19,, 2025, at H-E-B Center in Cedar Park, Texas. Icon Sportswire | Icon...
JPMorgan can now help you find a private jet or butler
Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty ImagesJ.P. Morgan Private Bank is launching a new lifestyle service for its wealthy clients, offering...
Trump administration orders Delta, Aeromexico to unwind joint venture by Jan. 1
An Aeromexico Boeing 737 MAX 8 taxis at Los Angeles International Airport on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint...
Investors need clarity on Fannie and Freddie
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices,...
Convenience stores are eating fast-food chains’ breakfast
A Wawa store is seen on May 29, 2024 in Washington, DC. Kent Nishimura | Getty ImagesFast-food restaurants are losing breakfast customers to convenience stores.Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to...
Striking defense workers reject Boeing contract offer
The Boeing Company at Paris Air Show 2025 in Le Bourget Airport.Nicolas Economou | Nurphoto | Getty ImagesStriking Boeing defense workers in Missouri voted Friday against the company's latest offer of a modified contract deal, according to the union representing the...
Massachusetts sues Kalshi alleging illegal sports gambling
The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty ImagesMassachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under...
Ram cancels plans for all-electric pickup truck
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 Jan. 5, 2023.Ethan Miller | Getty ImagesStellantis' Ram brand is canceling...
Obesity pills from Eli Lilly, Novo Nordisk near US launch
Eli Lilly and Novo Nordisk are preparing to take their rivalry to the next frontier of weight-loss medications: pills.Both companies expect to launch oral obesity drugs in the U.S. next year, once regulators approve them. Daily pills could introduce more people to...
Pfizer, Moderna shares fall on Trump child Covid shot report
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021.Dado Ruvic | ReutersShares of Pfizer and Moderna fell on Friday after a report that Trump administration health officials...
RH (RH) Q2 2025 earnings
Shares of RH fell slightly Friday after the luxury furniture retailer significantly missed revenue expectations in its fiscal second-quarter earnings report and slashed its full-year revenue outlook.The chain said Thursday that it will take another $30 million hit to...
How multifamily offices are playing commercial real estate
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices,...
Fintech firm Lendbuzz to file for IPO
Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSELendbuzz, an auto finance fintech company, is planning to file an IPO prospectus as soon as Friday, according to people familiar with the matter. The Boston-based company is targeting a valuation of...
How uber-rich families invest in sports, from major leagues to clubs
SEATTLE, WA - SEPTEMBER 07: George Kittle #85 of the San Francisco 49ers celebrates with fans and teammates after scoring a touchdown against the Seattle Seahawks during the game at Lumen Field on September 07, 2025 in Seattle, Washington. (Photo by Robin Alam/Icon...
Paramount Skydance-Warner Bros. Discovery bid would combine big content houses
Paramount+ signage in the Times Square neighborhood of New York, US, on Thursday, Dec. 21, 2023. Gabby Jones | Bloomberg | Getty ImagesDavid Ellison looks to be buying up a media empire.The CEO and chairman of the newly minted Paramount Skydance has tapped an...
Kodak launches vintage-style toy camera with strong sales
Kodak Charmera Keychain Digital CameraSource: KodakEastman Kodak's latest product launch — a line of 1980s-inspired digital toy cameras called the "Kodak Charmera" — seems to have struck a nostalgic chord with consumers.The palm-sized point-and-shoot cameras, released...
CPI report health care inflation rises
Jose Luis Pelaez Inc | Digitalvision | Getty ImagesHealth-care inflation is fueling higher coverage costs, setting the stage for what could be the largest increase in health-care spending by large employers in 15 years.Medical care costs in August rose 4.2% on an...
Elon Musk fortune now comes mostly from private companies
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via ReutersA version of this article appeared in CNBC's Inside Wealth newsletter...
Warner Bros. Discovery stock is up 25% after report Paramount is preparing a bid
Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025.Victor J. Blue | Bloomberg | Getty ImagesWarner Bros. Discovery shares soared more than 25% Thursday afternoon on a report from the The Wall Street Journal that the recently...
Solomon, Dimon, Pick weigh in on the state of the economy
Some of America's top financial services executives are starting to issue warnings about the economy.Saying they're seeing signs of "softening" or "weakening," a slew of CEOs have been weighing in ahead of next week's Federal Reserve decision and with the U.S. Bureau...
Family offices double down on stocks and dial back on private equity
07 July 2025, USA, New York: A street sign reading "Wall Street" hangs on a post in front of the New York Stock Exchange in Manhattan's financial district. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)Picture Alliance | Picture Alliance...
Boeing reaches tentative labor deal with striking defense workers
Workers picket outside the Boeing Defense, Space & Security facility in Berkeley, Missouri, US, on Monday, Aug. 4, 2025. Neeta Satam | Bloomberg | Getty ImagesThe union that represents striking Boeing defense workers said Wednesday it has reached a tentative...
Air India CEO says carrier embracing ‘new normal’ after deadly crash
An Air India Boeing 787-8 Dreamliner.Sopa Images | Lightrocket | Getty ImagesLONG BEACH, Calif. — Air India CEO Campbell Wilson said the carrier has embraced a "new normal" and a stepped-up safety focus following the crash of one of its planes in June, the deadliest...
Marc Lasry discusses Steve Ballmer Kawhi Leonard payment
Former Milwaukee Bucks co-owner Marc Lasry said he doesn't believe L.A. Clippers owner Steve Ballmer attempted to circumvent the NBA's salary cap by working with a third-party company to surreptitiously pay superstar Kawhi Leonard in 2021"It's not something I would...
Uber Eats partners with Pipe to offer capital to restaurants
Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire capital with fewer barriers to access, CNBC has learned.Pipe is teaming up with Uber Eats to add its embedded technology to the company's restaurant manager app. Eligible...
Potbelly acquired by RaceTrac for $566 million
Potbelly Sandwich Shop on October 3, 2015 in Louisville, Kentucky.Raymond BoydSandwich shop chain Potbelly will be acquired by convenience-store operator RaceTrac in a $566 million all-cash deal, the company announced Wednesday.The deal is expected to close in the...
Avelo Airlines to buy 50 E2 jets from Brazil plane maker Embraer
An Embraer SA E190-E2 passenger aircraft stands on display on day two of the Farnborough International Airshow (FIA) 2018 in Farnborough, U.K., on Tuesday, July 17, 2018. Bloomberg | Bloomberg | Getty ImagesBrazilian airplane maker Embraer has landed its first U.S....
Wells Fargo CEO Charles Scharf sees downside to U.S. economy
Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat.The bank's data shows that "companies are in really great shape" and spending among all income levels...
espn everpass media streaming bars restaurants
EverPass Media has inked a deal with Disney's ESPN to distribute live games and other content from its ESPN+ streaming service to bars, restaurants and other commercial establishments in the U.S.The deal bulks up EverPass' offering of live sports streaming to...
Hyundai raid could leave businesses reassessing their workforces
This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees being escorted outside the Hyundai Motor Group’s electric vehicle plant, Thursday, Sept. 4, 2025, in Ellabell, Ga.Corey Bullard/U.S. Immigration...
Ford rolls out new ad campaign amid industry-wide uncertainty
Ford on Wednesday rolled out a new advertising campaign that the company said will mark a "fundamental shift" in its branding strategy — and comes as the auto industry deals with major uncertainty.The automaker's new strategy, titled "Ready, Set, Ford," goes beyond...
Cracker Barrel suspends restaurant remodels after logo controversy
The Cracker Barrel logo is seen on a billboard outside of one of its restaurants. Paul Weaver | Lightrocket | Getty ImagesThe Old Country Store look is back.Cracker Barrel announced Tuesday it was suspending all restaurant remodels, the latest chapter in the...
JPMorgan CEO Jamie Dimon says the economy ‘is weakening’
JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down.The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was...
Airbus CEO reaffirms delivery guidance for 2025
Airbus CEO Guillaume Faury told CNBC on Tuesday that the plane maker remains on pace to deliver about 820 commercial aircraft in 2025, even as engine production delays continue to limit its capabilities.In an interview with CNBC's Phil LeBeau, Faury said the European...
Doing business in China? Factor in deflation
A woman rides an electric scooter by the Beiyuan Grand Hotel in Beijing, China August 11, 2025. Maxim Shemetov | ReutersWhile U.S. companies battle inflation, those in China are up against something very different: deflation.The high-end Beijing hotel Beiyuan Grand...
AI tech talent is juicing these real estate markets
Pete Lomchid | Moment | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private...
Shake Shack launches French onion soup burger
Shake Shack will introduce a new French Onion Soup menu in its app.Courtesy: Shake ShackAs value wars take hold across fast food, Shake Shack aims to offer premium items at a discount.Building off its recent success with the $10 Dubai Chocolate Pistachio Shake, Shake...
Carlyle to partner with Red Bull Formula 1 team
Max Verstappen of Red Bull Racing competes during the British Grand Prix, the 12th round of the Formula 1 World Championship, at Silverstone Circuit in Northampton, United Kingdom, on July 06, 2025. Rasid Necati Aslim | Anadolu | Getty ImagesCarlyle is set to announce...
Starbucks CEO Brian Niccol Starbucks turnaround plan one year
After two decades going to Starbucks every day at 4:30 a.m., longtime customer Tony Dennis abandoned the company last year."I was frustrated," he told CNBC.The customer experience he used to love had disappeared. Baristas didn't engage with him, despite his daily...
What to know about the Hyundai-LG plant immigration raid in Georgia
This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees being escorted outside the Hyundai Motor Group’s electric vehicle plant, Thursday, Sept. 4, 2025, in Ellabell, GaCorey Bullard/U.S. Immigration and...
Serena Williams Unrivaled investment brings league value to $340M
Serena Williams introduces Maria Sharapova during the 2025 Induction Celebration weekend at the International Tennis Hall of Fame in Newport, Rhode Island, on Aug. 23, 2025.Joe Buglewicz | Getty Images Sport | Getty ImagesWomen's 3-on-3 basketball league Unrivaled is...
Airplane leasing world shrinks with $7.4 billion takeover of Air Lease
An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama.Michael Spooneybarger | ReutersAircraft leasing firm Air Lease, founded by industry mogul Steven Udvar-Házy, agreed to sell itself in a...
Holiday spending, especially by Gen Z, will drop, survey says
Shoppers at the Walmart Supercenter in Burbank during Walmart's multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty ImagesHoliday shoppers expect to trim the tree and their spending this upcoming...
Walmart-backed OnePay adds wireless plans to everything app
Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments.Photo obtained from OnePay websiteOnePay, the fintech firm majority owned by Walmart, is launching its own...
Kenvue stock drops 10% on report RFK Jr. will link autism to Tylenol use during pregnancy
Kenvue Inc. Tylenol brand pain reliever for sale at a pharmacy in New York, US, on Wednesday, March 27, 2024. Bloomberg | Bloomberg | Getty ImagesShares of Kenvue fell more than 10% on Friday after a report that Health and Human Services Secretary Robert F. Kennedy...
NFL MVP Josh Allen leaves Nike to sign with New Balance
NFL MVP Josh Allen signs with New BalanceCourtesy of New BalanceNFL MVP Josh Allen has left Nike to sign an endorsement deal with New Balance.The Buffalo Bills quarterback announced the news on Friday in a letter to his hometown of Firebaugh, California. The deal is a...
Mortgage rates see biggest one-day drop in over a year
A sign is posted in front of a home for sale on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty ImagesThe average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of...
The next frontier of Hollywood IP harvesting
Warner Bros. | Universal Studios | Amazon PrimeHollywood is finally leveling up.For decades, studios have tried to capitalize on the financial success and cultural relevance of video games, but it's only been in the past few years that things have clicked.With the box...
CRE giant BGO uses AI to find undervalued assets in unlikely areas
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving...
Disney to pay $10 million FTC settlement over children’s data
A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California.Mario Tama | Getty ImagesThe Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children's personal data...
Massive Powerball jackpot means big boost for DraftKings
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesPowerball fever is spreading as the jackpot hits $1.7 billion — making it the third-largest prize in U.S. lottery history.The enthusiasm for the gargantuan pot is fueling business on Jackpocket, a lottery...
NBC touts record NFL season ad revenue, sells out of Super Bowl LX spots
Rashee Rice #4 of the Kansas City Chiefs reacts with the NBC Sunday Night Football Player of the Game football following the win against the Atlanta Falcons at Mercedes-Benz Stadium on September 22, 2024 in Atlanta, Georgia. Todd Kirkland | Getty Images Sport | Getty...
Demand for industrial space falls for the first time in 15 years
Owngarden | Moment | Getty ImagesFive years ago, when the pandemic pushed e-commerce to new highs, the industrial warehouse space became the biggest commercial real estate play around. It began to slow in 2022, but now economic uncertainty brought on by constantly...
Yieldstreet tell investors in $89 million worth of marine loans to expect losses
Cargo containers stacked aboard a ship at the Jakarta International Container Terminal in Tanjung Priok Port on Aug. 7, 2025.Str | Afp | Getty ImagesThe private market assets platform Yieldstreet struck a deal to recoup some of its legal expenses for an ill-fated...
Florida to end all vaccine mandates, first state in U.S. to do so
Ruth Jones, immunization nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center in Miami, Florida, on May 29, 2025.Joe Raedle | Getty ImagesFlorida plans to end all state vaccine mandates, including for children to...
Macy’s (M) Q2 Earnings 2025
Macy's posted fiscal second-quarter earnings Wednesday that easily topped Wall Street's expectations, as it said revamped stores helped sales trends.The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings...
Starbucks renovating cafes to be more accessible
As Starbucks revamps its U.S. locations, the coffee chain is trying to make its cafes welcoming to all through more inclusive design.As part of its broader effort to bring back customers, the company has prioritized plans to give makeovers to roughly 1,000 locations...
American Eagle Outfitters (AEO) earnings Q2 2025
American Eagle said Wednesday its partnership with Sydney Sweeney has been its "best" advertising campaign to date as it announced fiscal second-quarter earnings that beat expectations. The company's splashy, yet controversial, campaign with the "Euphoria" star led to...
Netflix will let users customize and share clips on mobile
Netflix on Wednesday announced a new update to its "Moments" feature, allowing viewers to choose a start and end point on clips to save and share.The feature, which is only available on mobile devices, was first rolled out last year, for viewers to save scenes that...
Boeing hires replacement workers as defense unit strike continues
A worker pickets outside the Boeing Defense, Space & Security facility in Berkeley, Missouri, US, on Monday, Aug. 4, 2025. Neeta Satam | Bloomberg | Getty ImagesBoeing is hiring new workers to replace employees in its defense unit as their strike enters a second...
Lululemon (LULU) Q2 2025 earnings
Lululemon shares plunged in extended trading Thursday after the company gave a much worse than expected full-year outlook.The company topped second-quarter earnings estimates but slightly missed revenue expectations. It said it expected tariffs to hit its full-year...
Micah Parsons trade was ‘based on mathematics’
Dallas Cowboys owner Jerry Jones told CNBC Thursday the decision to trade Micah Parsons ultimately came down to simple math.Jones appeared on CNBC's "Closing Bell: Overtime" to talk about the Dallas Cowboys' record $12.5 billion valuation as the team kicks off the...
MGM Resorts CEO on Las Vegas slump and U.S. travel
Las Vegas is launching a new campaign to boost tourism after a significant summer slump.The new campaign, "Welcome to Fabulous Las Vegas," will focus on value for visitors and offer promotions and other incentives at the destination.The city has seen visitation...
Billionaire family offices bet on drones, nuclear energy in August
Key PointsBillionaire family offices inked high-profile investments in an otherwise slow month for deal-making, according to Fintrx.Four billionaires' private investment firms joined an $863 million fundraise for a nuclear fusion startup.Peter Thiel, a longtime...
Paramount mandates 5-day-a-week return to office ahead of major cost cuts
Paramount Pictures studio lot at 5555 Melrose Ave. on Wednesday, June 5, 2024 in Hollywood, CA. Brian Van Der Brug | Los Angeles Times | Getty ImagesDavid Ellison continues to put his stamp on Paramount after its acquisition by Skydance.The CEO and chairman told...
Gap to add beauty products at Old Navy stores
A sign hangs in a Gap Outlet store window in Chicago on May 29, 2025.Scott Olson | Getty ImagesGap on Thursday announced it is expanding into beauty starting with its Old Navy brand, a strategic shift by the apparel company.Its initial test will feature beauty and...
Ford Expedition a sales bright spot even amid rush for EVs
Ford's redesigned three-row Expedition SUV is seeing explosive growth.The Detroit automaker reported Wednesday that it sold 8,724 Expeditions in August, up 53.7% from the same time last year and marking its best sales in 21 years. It's sold 61,022 of the vehicles so...
Sportsbook CEOs expect record betting ahead of NFL kickoff
DraftKings CEO Jason Robins has never been more enthusiastic about the kickoff to the NFL — sports betting's biggest season.It's second only to the Super Bowl in terms of importance for acquiring customers and growing the overall betting pool, Robins told CNBC at the...
RFK Jr. spreads vaccine misinformation during congressional testimony
U.S. Health and Human Services Secretary Robert F. Kennedy Jr., testifies before a Senate Finance Committee hearing on President Donald Trump's 2026 health care agenda, on Capitol Hill in Washington, D.C., U.S., September 4, 2025. Jonathan Ernst | ReutersHealth and...
Spirit Airlines cuts flights in 12 cities as United, rivals circle
A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty ImagesSpirit Airlines is ending service in a host of U.S. cities this fall as it fights for survival. Its...
Bed Bath & Beyond relaunches first store in Nashville
Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesBed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the...
Durango Jailbreak and Charger Sixpack
2026 Dodge Durango SRT Hellcat Jailbreak in Green Machine (front). A Jailbreak Custom Color program will allow select Dodge customers to paint their Durango SRT Hellcat Jailbreak in nearly any color imaginable, including Stryker Purple (shown at rear).Courtesy:...
Sweetgreen cuts outlook for second time in two quarters
People walk past a Sweetgreen restaurant in Manhattan.Jeenah Moon | The Washington Post | Getty ImagesSweetgreen shares dropped more than 25% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program,...
Crocs reducing orders in the second half due to cautious consumer
Inside a Crocs store at Queens Center in New York.Ryan Baker | CNBCCasual footwear company Crocs plans to reduce orders for the second half of the year amid what its CEO called a "concerning" environment for the consumer."We see the U.S. consumer behaving cautiously...
Flutter (FLUT) Q2 2025 earnings report
Online sports betting giant Flutter reported second-quarter earnings that beat Wall Street expectations Thursday.The company reported adjusted earnings of $2.95 per share versus an estimated $2.08, according to a survey of analysts by LSEG. Revenue came in slightly...
Family office deal-making slides with some bright spots in Europe
Key PointsPrivate investment firms of the ultra-rich made 60% fewer direct investments in July compared to the same period last year, according to Fintrx.Rattled by tariff uncertainty, some family offices have been investing more overseas, especially in European...
After 15 years, the Giving Pledge yields mixed results
Warren Buffett, Bill and Melinda Gates, in an interview on May 5, 2015CNBCA 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,...
Warner Bros. Discovery film studios lift second-quarter results
Warner Bros. Discovery's earnings got a boost from its film studios after a handful of box office hits during the second quarter.The period from April though June saw the releases of "A Minecraft Movie," "Sinners," "Final Destination: Bloodlines," and "F1," which...
Eli Lilly (LLY) Q2 2025 earnings report
Eli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs.The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion, from a previous...
American adds Budapest, Prague and Buenos Aires flights for 2026
An American Airlines Boeing 787-9 Dreamliner lands at the Miami International Airport on December 10, 2021 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines is reviving some of its pre-pandemic destinations like Prague and Budapest, Hungary, as...
Craveworthy Brands becomes managing partner of Gregorys Coffee
Gregorys Coffee was founded in 2006 and has more than 50 locations.Source: Gregorys CoffeeCraveworthy Brands is now investor and managing partner of Gregorys Coffee, a New York City-based coffee chain with dreams of a nationwide footprint.The two companies announced...
More companies are monitoring, enforcing office attendance
Maskot | Digitalvision | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private...
Peloton (PTON) earnings Q4 2025
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty ImagesPeloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO...
Restaurant Brands International (QSR) Q2 2025 earnings
A Burger King restaurant with the slogan ''Flame Grilling Since 1954'' is seen in Vienna, Austria, on June 7, 2025. Michael Nguyen | NurPhoto | Getty ImagesRestaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for...
Eli Lilly obesity pill orforglipron led to over 12% weight loss
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 Thursday said the highest dose of its daily obesity pill helped patients lose more than 12% of their body...
E.l.f. Beauty (ELF) earnings Q1 2026
E.l.f. Beauty's profits fell 30% in its fiscal first quarter as new tariffs on Chinese imports begin to affect the cosmetic company's bottom line.In the three months that ended on June 30, E.l.f.'s net income fell to $33.3 million, down 30% from $47.6 million a year...
Candy giant Mars partners with biotech firm to gene-edit cocoa supply
Packages of M&M's milk chocolate candy are stacked at a Costco Wholesale store on July 12, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty ImagesCandy maker Mars said Wednesday it's partnered with biotech company Pairwise to speed up the...
Warren asks FTC to consider blocking Dick’s-Foot Locker merger
Foot Locker and Dick's Sporting Good stores.ReutersSen. Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick's Sporting Goods' proposed acquisition of Foot Locker, writing in a letter to the agencies that the merger could cut jobs, raise prices and...
Claire’s files for bankruptcy again as debt pile looms
People walk by a Claire's store on December 11, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty ImagesTween retailer Claire's filed for bankruptcy protection for the second time in seven years on Wednesday in the hopes it can reorganize its...
What the end of Energy Star could mean for commercial real estate
An Energy Star sign on a building.Lynne Gilbert | Moment Mobile | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from...
ESPN streaming service to launch August 21
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 ImagesESPN will launch its new flagship streaming...
ESPN, WWE ink five-year deal for WrestleMania, Royal Rumble, other live events
Triple H looks on during WrestleMania 41 Saturday at Allegiant Stadium on April 19, 2025 in Las Vegas, Nevada. Georgiana Dallas | WWE | Getty ImagesThe WWE is coming to ESPN.The Disney-controlled sports and entertainment business will pay an average of $325 million...
McDonald’s (MCD) Q2 2025 earnings
A corporate logo for McDonald's hangs above the door of a restaurant on Broadway in New York City on June 11, 2025.Gary Hershorn | Corbis News | Getty ImagesMcDonald's is expected to report its second-quarter earnings before the bell on Wednesday.Here's what Wall...
Disney (DIS) earnings Q3 2025
A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California.Mario Tama | Getty ImagesDisney reports its fiscal third-quarter earnings before the bell on Wednesday, and Wall Street will be looking for updates on the state of its streaming, TV and...
AI is impacting the labor market, young tech workers: Goldman economist
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersChanges to the American labor market brought on by the arrival of generative AI are already...
Roku launches ad-free streaming service, Howdy, for $2.99 a month
A Roku remote in an arranged photograph in Hastings-on-Hudson, New York, on May 2, 2021.Bloomberg |Getty ImagesRoku announced Tuesday it's launched Howdy, a commercial-free streaming service that costs $2.99 a month, in a shift for the company that's long been know...
CEO training ground for the restaurant industry
Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty ImagesLooking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands.The restaurant conglomerate, which owns Pizza...
Fox One streaming service to launch on August 21 for $19.99 per month
Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on Aug. 21, ahead of the NFL season, the company said Tuesday.The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch...
Trump says pharma tariffs could eventually reach up to 250%
U.S. President Donald Trump talks to members of the press at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S., August 3, 2025.Ken Cedeno | ReutersPresident Donald Trump told CNBC's "Squawk Box" on Tuesday that planned tariffs on pharmaceuticals...
Trump says JPMorgan Chase, Bank of America rejected him as a bank customer
President Donald Trump said Tuesday that the two largest U.S. banks previously rejected him as a customer, reviving claims that conservative clients were being unfairly denied accounts.Trump told CNBC's "Squawk Box" in a wide-ranging interview that JPMorgan Chase...
Alaska Airlines to launch London, Iceland flights, debut new livery
A sample of Alaska Airlines' new livery for its Boeing 787-9 Dreamliners.Source: Alaska Airlines:Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines...
Yum Brands (YUM) Q2 2025 earnings
Piotr Swat | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC reported U.S. same-store sales declines.Here's what the company reported for the period ended June 30 compared...
Pfizer (PFE) Q2 2025 earnings report
Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday hiked its full-year adjusted profit guidance on its cost cuts and strong business performance this year.The company also...
American Eagle Sydney Sweeney campaign ‘hottest ad’: Trump
A window display of actress Sydney Sweeney is seen on a window of an American Eagle store on August 01, 2025 in New York City. Michael M. Santiago | Getty ImagesShares of American Eagle surged more than 15% on Monday after President Donald Trump complimented the...
Boeing defense workers go on strike after rejecting contract
A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018.Alex Flynn | Bloomberg | Getty ImagesSome 3,200 Boeing defense unit...
Wealth terminology guide aims to ‘counteract the BS’ for investors
Senior woman looking on cell phone at sidewalk cafe.Yuliya Taba | 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...
See inside JFK airport’s new $9.5 billion international terminal
The future ticket counter at JFK's new Terminal 1.Leslie Josephs/CNBCIt's far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport is taking shape. Its first phase is slated to open in mid-2026.It will replace the current...
Restaurants add spicy menu items in a bid for younger diners
Chipotle Mexican Grill's new Adobo Ranch dipSource: Chipotle Mexican GrillRestaurant brands are hoping hot new menu items will drive visits among younger costumers. Hot, in this case, is literal.Spicy items like chicken sandwiches, seasoned sides and sauces are...
Why Black entrepreneurs flock to Martha’s Vineyard every August
Sign at Martha's Vineyard Airport, Massachusetts Cindygoff | Istock | Getty ImagesMartha's Vineyard has long been a summer vacation destination for Black families, but August in the Massachusetts beach community is becoming an important hub for Black entrepreneurs,...
How much are Southwest’s new assigned seats? It depends
Southwest Airlines new premium seats featuring extra legroom.Leslie Josephs/CNBCSouthwest Airlines' first assigned seats went on sale this week for flights starting Jan. 27 of next year. What you'll pay will vary.The price depends on the route, when you're traveling...
Trunk Tools uses AI to reduce construction errors and waste
A worker inside a residential building under construction in the Las Palmas neighborhood of Medellin, Colombia, on Wednesday, July 16, 2025.Esteban Vanegas | Bloomberg | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with...
Moderna (MRNA) Q2 2025 earnings
Moderna logo is seen in Warsaw, Poland on April 9, 2025. Jakub Porzycki | Nurphoto | Getty ImagesModerna on Friday lowered the high end of its 2025 revenue outlook due to a delay in vaccine shipments to the U.K., but beat Wall Street's expectations for the second...
Family offices use structured pay to keep executives for the long term
Maskot | Maskot | 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.Family offices are...
Trump asks drugmakers to cut U.S. prices within 60 days
U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department...
How wealthy yacht buyers plan to avoid the European tariffs
Superyachts in Port Hercules, Monaco.John Lamb | The Image Bank | 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,...
Best Buy, Ikea test new kitchen concept in U.S. stores
The logo of Best Buy and Ikea on shopping carts.Getty ImagesBest Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics...
JPMorgan marks 1,000th branch opening since 2018 expansion plans
A new JPMorgan Chase branch in Charlotte, North Carolina.Courtesy: JPMorgan ChaseJPMorgan Chase has built 1,000 new branches in seven years. That's more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte,...
MLB taps NASCAR to help grow baseball with Speedway Classic
MLB will be playing its first ever baseball game at Bristol Motor Speedway in Tennessee.MLBMajor League Baseball is taking America's pastime to an iconic NASCAR track, and the game is set to top league attendance records.On Saturday, MLB will play its first-ever game...
CVS Health (CVS) earnings report Q2 2025
CVS Health on Thursday reported second-quarter earnings and revenue that topped estimates and raised its adjusted profit outlook, as it sees strength in its retail pharmacy business and some improvement in its insurance unit. Shares of the retail drugstore chain...
Eli Lilly’s Mounjaro shows similar heart health benefits as Trulicity
Mounjaro manufactured by Eli Lilly and Company packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 9, 2024.Nurphoto | Nurphoto | Getty ImagesEli Lilly on Thursday said its blockbuster diabetes drug Mounjaro showed heart health...
Moderna to slash 10% of workforce amid Covid vaccine sales
The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesModerna on Thursday said it plans to slash roughly 10% of its global workforce by the end of the year, as Covid shot sales continue to dwindle and the...
Covid vaccine makers Moderna BioNTech stocks, mRNA strategies diverge
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesThe Covid-19 pandemic turned Moderna and BioNTech into household names almost overnight. Now the two...
Comcast (CMCSA) earnings Q2 2025
Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)Justin Sullivan | Getty ImagesComcast reports its second-quarter earnings Thursday morning, and once again the company's broadband...
Apartment rents drop in July as vacancies move to multiyear high
A sign on the side of a building in Hell's Kitchen, New York City, advertising an apartment is available for rent through a real estate broker. Deb Cohn-Orbach | UCG | Universal Images Group | Getty ImagesThe massive surge of new apartment supply in the last few years...
High Noon recalls vodka seltzers in Celsius cans
High Noon vodka seltzer and Celsius energy drinksKevin Carter | David Paul Morris | Bloomberg | Getty ImagesHigh Noon has issued a nationwide recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the...
Ford Motor (F) earnings Q2 2025
The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCFord Motor is set to report its second-quarter earnings after the markets close Wednesday as investors watch for any changes to its full-year guidance, which the...
DOJ drops charges against Fat Brands, Andy Wiederhorn
Andy Wiederhorn, former Fatburger CEO.CNBCThe Justice Department is dropping its case against Fat Brands and its chair Andy Wiederhorn.In May 2024, the company and Wiederhorn were indicted by a federal grand jury in Los Angeles on charges of wire fraud, tax evasion...
Cinemark to add 20 ScreenX locations in premium moviegoing push
ScreenX is the world's first multi-projection cinema with an immersive 270 degree field of view.CJ 4DPLEXSinging witches and blue aliens are set to hit the big screen before the end of the year and bring in droves of moviegoers. Cinemark is preparing for the high...
Brian Niccol turnaround taking hold
Customers enter a Starbucks coffee shop in New York, US, on Monday, July 28, 2025. Victor J. Blue | Bloomberg | Getty ImagesWall Street is seeing early signs that Starbucks' turnaround is taking hold, despite a quarterly earnings miss and another quarter of shrinking...
Architecture firms report decline in billings for commercial real estate
The AIA/Deltek Architecture Billings Index (ABI) remained in negative territory in June with a score of 46.8, down from 47.2 in May.
Royal Caribbean CEO says higher guidance reflects travel trends
Royal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings.The company now expects 2025 earnings of between $15.41 and $15.55 per share on an adjusted basis, up from prior earnings per share guidance of $14.55 to $15.55.CEO Jason...
Starbucks (SBUX) Q3 2025 earnings
Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025.Dominika Zarzycka | Nurphoto | Getty ImagesStarbucks is expected to report its fiscal third-quarter earnings after the bell on...
United Airlines flight attendants vote down contract
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract.John Tlumacki | Boston Globe | Getty ImagesUnited Airlines flight attendants voted down a new labor contract that called for immediate raises of at...
Nike loses head of North America women’s business to Athleta
A Nike and Athleta store.Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty ImagesGap's Athleta has tapped the head of Nike's women's business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win...
Real estate developers say affordable housing is getting more profitable
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices,...
NFL employee seriously injured in shooting at NYC headquarters
NFL Commissioner Roger Goodell told employees in an email early Tuesday morning that one of the league's employees was seriously injured in a Monday shooting at a Midtown Manhattan office tower."A gunman committed an unspeakable act of violence in our building at 345...
Stellantis H1 earnings
A new Jeep Wrangler 4-Door Sahara 4x4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesAuto giant Stellantis on Tuesday reinstated its financial guidance and...
Nearing deal to replace Goldman Sachs as issuer
JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC.The banks declined to comment to CNBC. Apple didn't immediately return request for...
Walmart, MLS ink partnership to capitalize on U.S. soccer fandom
Walmart and Major League Soccer are teaming up in a multiyear partnership that will see the retailer establish a bigger foothold in the sport and its growing U.S. fanbase.Walmart will invest in MLS and become an official sponsor and partner of the league. Terms and...
Starbucks rolls out Green Apron Service ahead of earnings
As companies lean into value offerings and buzzy beverages to lure price-sensitive consumers, Starbucks is doubling down on its plans to get back to basics by leaning into hospitality at its cafes.The coffee giant aims to stand out on guest experience in a cutthroat...
Boeing (BA) 2Q 2025 earnings
The nose cone of a Boeing 787 being displayed on the tarmac during the Paris Air Show at Le Bourget Airport, outside Paris, June 25, 2023.Nicolas Economou | Nurphoto | Getty ImagesBoeing slashed its quarterly losses as sales jumped after it delivered the most...
Procter & Gamble (PG) Q4 2025 earnings
In this photo illustration, Procter and Gamble products Pepto Bismol and Charmin toilet paper are displayed on June 05, 2025 in San Anselmo, California. Justin Sullivan | Getty ImagesProcter & Gamble on Tuesday reported quarterly results that beat Wall Street's...
UnitedHealth Group (UNH) earnings report Q2 2025
UnitedHealth Group on Tuesday issued a 2025 outlook that fell short of Wall Street's expectations, as the company's insurance unit continues to grapple with higher medical costs.Shares of UnitedHealth Group fell more than 4% in premarket trading on Tuesday.The company...
Merck (MRK) earnings report Q2 2025
Merck & Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, April 8, 2025. Michael Nagle | Bloomberg | Getty ImagesMerck on Tuesday said it will slash $3 billion in costs by the end of 2027 to be fully reinvested to support...
Warner Bros. Discovery names spinoff companies
David Zaslav, President and CEO of Warner Bros. Discovery, attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | ReutersWarner Bros. Discovery on Monday announced the corporate names and leadership teams of...
Spirit Airlines to furlough 270 pilots, downgrade more than 100 others
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines said Monday that it will furlough 270 pilots this fall as...
JPMorgan says fintech middlemen like Plaid are ‘massively taxing’ its systems
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty ImagesJPMorgan...
LA luxury real estate booms, led Paris Hilton’s $63 million mansion
Agent Nicole Plaxen of The Beverly Hills Estates said she’s holding “constant showings” of this $118 million mansion in Bel Air.Credit: The Beverly Hills EstatesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly...
Las Vegas Sphere to screen ‘The Wizard of Oz’ film
Jack Haley (1898 - 1979) as the Tin Man, Bert Lahr (1895 - 1967) as the Cowardly Lion, Judy Garland (1922 - 1969) as Dorothy, Ray Bolger (1904 - 1987) as the Scarecrow and Frank Morgan (1890 - 1949) as the Doorman to the Emerald City in 'The Wizard of Oz', 1939.Silver...
First Steps’ opens to $118 million
(L-R): Ebon Moss-Bachrach as Ben Grimm/The Thing, Vanessa Kirby as Sue Storm/Invisible Woman, Pedro Pascal as Reed Richards/Mister Fantastic and Joseph Quinn as Johnny Storm/Human Torch in Marvel's "The Fantastic Four: First Steps."DisneyWhat superhero fatigue?Twice...
IonQ hires former JPMorgan Chase applied research head
Marco Pistoia, Global Technology's Head of Applied Research and Engineering at JP Morgan.Source: JP MorganIonQ has hired the former head of applied research at JPMorgan Chase to help corporate clients of the quantum firm adopt next-generation hardware, algorithms and...
UnitedHealth UNH Q2 earnings preview
Omar Marques | Lightrocket | Getty ImagesUnitedHealth Group Chairman and CEO Stephen Hemsley will face the first real test Tuesday of his ability to regain investor confidence as the largest private U.S. insurer reports earnings.The Dow component has seen its share...
Boeing is improving. Can CEO Kelly Ortberg keep it up?
FAA chief Steve Dickson flies a Boeing 737 MAX, from Boeing Field on September 30, 2020 in Seattle, Washington.Mike Siegel | Getty ImagesAfter spiraling from crisis to crisis over much of the past seven years, Boeing is stabilizing under CEO Kelly Ortberg's...
CBS canceling Colbert raises questions about late night
A marquee featuring "The Late Show with Stephen Colbert" is seen outside the Ed Sullivan Theater, where Colbert's show is produced, in New York City on July 18, 2025. Angela Weiss | AFP | Getty ImagesThere are two schools of thought around CBS' decision to end "The...
NFL to fine players for reselling Super Bowl tickets at a profit
A detail shot of the Lombardi Trophy next to Kansas City Chiefs and Philadelphia Eagles helmets prior to a news conference on February 03, 2025 in New Orleans, Louisiana ahead of the NFL Super Bowl LIX football game between the Philadelphia Eagles and the Kansas City...
Auction sales fall 6% in the first half, raising fears for art market
Ups and Downs by KAWS, estimated£30000-£50000, on display during a preview at the Phillips showroom in central London, ahead of their forthcoming Evening and Day Editions auction. Picture date: Friday January 17, 2025. (Photo by Ian West/PA Images via Getty Images)Ian...
NFL, ESPN closing in on equity ownership deal
Key PointsThe NFL is closing in on a deal to take a minority stake of up to 10% in ESPN, according to people familiar with the matter, potentially tying together two powerhouse brands in sports.The discussions are ongoing, and it's possible the final deal may arrive...
FCC approves $8 billion Paramount-Skydance merger
The Paramount Global headquarters in New York, US, on Tuesday, Aug. 27, 2024. Yuki Iwamura | Bloomberg | Getty ImagesThe Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.The deal, which was...
McDonald’s to test drinks inspired by CosMc’s
Something Bold (and Delicious) is Brewing at McDonald’s: A First Sip into the Future of BeveragesCourtesy: McDonald'sMcDonald's said Thursday it is planning to test new coffee drinks, refreshers and flavored sodas at more than 500 restaurants later this summer, hoping...
Comcast spinoff Versant announces board of directors
Versant signage on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, July 21, 2025. Michael Nagle | Bloomberg | Getty ImagesComcast on Thursday announced the expected board members of its cable networks spinout, Versant. They come from...
UnitedHealth facing DOJ investigation over Medicare billing
UnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices, adding to a string of setbacks for a company that owns the nation's largest and most powerful private insurer.In a securities filing, the company...
American Airlines 2Q 2025 earnings
American Airlines shares slumped Thursday after the carrier's third-quarter profit forecast fell short of Wall Street's expectations and it reinstated its 2025 financial forecast well below its outlook at the start of the year.CEO Robert Isom told CNBC's "Squawk Box"...
Family office deals have fallen in 2025 as investors wait for clarity
Key PointsPrivate investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix.Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking...
Eli Manning invests in sports equipment maker XTech
Eli Manning is not only an investor in XTECH but he wore their shoulder pads during his playing days.Evan Pinkus/XTECHTwo-time Super Bowl MVP Eli Manning may have hung up his shoulder pads, but he's still taking interest in the gear.The former New York Giants...
Southwest Airlines (LUV) 2Q 2025 earnings
A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 16, 2025.Kevin Carter | Getty ImagesSouthwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street's estimates...
Chipotle Mexican Grill (CMG) Q2 2025 earnings
A Chipotle restaurant in San Francisco on Jan. 31, 2025.David Paul Morris | Bloomberg | Getty ImagesChipotle Mexican Grill is expected to report its second-quarter earnings after the bell on Wednesday.Here's what Wall Street analysts surveyed by LSEG are expecting the...
Why cutting capital gains tax on home sales wouldn’t solve housing issues
A Sold sign in front of a home under construction at the Waterways subdivision in Gulf Shores, Alabama, US, on Friday, Dec. 6, 2024. Micah Green | Bloomberg | Getty ImagesReal estate experts are weighing in on a potential end to capital gains tax on home sales — as...
RFK Jr. to remove mercury preservative thimerosal from flu shots
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr., speaks with Agriculture Secretary Brooke Rollins and Senator Roger Marshall (R-KS) ahead of a roundtable event as part of the "Make America Healthy Again" (MAHA) agenda, on Capitol Hill in...
Hasbro (HAS) earnings Q2 2025
A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Mark Abramson | Bloomberg | Getty ImagesToy and gaming giant Hasbro topped Wall Street expectations for the...
June home sales drop as prices hit a record high
Homes in Los Angeles, California, US, on Sunday, July 13, 2025. Like in the broader US market, home sales have slowed in Southern California as high interest rates and economic uncertainty chill demand. Eric Thayer | Bloomberg | Getty ImagesSales of previously owned...
Institutional landlords see new competition from an unexpected source
A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. Sarah Silbiger | ReutersA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the...
Goldman Sachs, BNY introduce money market fund digital tokens
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersGoldman Sachs and Bank of New York Mellon are set to announce that they've created the ability...
McDonald’s Snack Wrap launch lifts sales
Wayne Kuhl, a McDonald's chef, shows the spicy and ranch Snack Wrap after he finished wrapping at the McDonald's Headquarters in Chicago on May 29, 2025.Nam Y. Huh | APEarly data suggests the return of McDonald's Snack Wraps is winning over customers.After a nearly...
GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCWhile Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position...
Butlr body heat sensors make offices more efficient
Butlr heat sensing tech provides insights into office space utilization.Courtesy of ButlrA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor,...
Kohl’s shares rise amid short interest, Reddit posts
A Kohl's store in Pleasant Hill, California, US, on Monday, Nov. 25, 2024. Kohl's Corp. is expected to release earnings figures on November 26. Bloomberg | Bloomberg | Getty ImagesShares of Kohl's surged on Tuesday morning in volatile trading that echoed the meme...
Coca-Cola to roll out cane sugar soda in U.S.
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019.Temilade Adelaja | ReutersCoca-Cola plans to introduce a version of its namesake cola made with cane sugar in the U.S. this fall, the company announced on...
Businesses cautious on travel spending as trade uncertainty looms
istocksdaily | iStock | Getty ImagesCorporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties, according to new reports from the Global Business Travel Association and travel...
Skims deepens ties in women’s sports with League One Volleyball deal
Skims is teaming up with League One Volleyball.SkimsSkims is deepening its ties in women's sports with a new sponsorship in League One Volleyball.The popular undergarments brand started by star Kim Kardashian and Swedish entrepreneur Jens Grede will become the...
Credit card startup Imprint beats big banks for Rakuten co-brand deal
A view of the logo of Rakuten Mobile at its branch in Tokyo, Japan, November 28, 2023. Staff | ReutersThere's a new player making waves in an industry dominated by big banks.Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process...
Coca-Cola (KO) Q2 2025 earnings
A 12-pack of Coca-Cola is displayed on a counter in a 7-Eleven convenient store in Austin, Texas, on July 17, 2025.Brandon Bell | Getty ImagesCoca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations as strong demand in Europe...
General Motors (GM) earnings Q2 2025
New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, on July 2, 2024.Justin Sullivan | Getty ImagesGeneral Motors is set to report second-quarter earnings before the bell Tuesday, as investors watch for how President Donald...
Pepsi introduces prebiotic cola after Poppi acquisition
Pepsi Prebiotic Cola.Courtesy: PepsiCoPepsiCo on Monday announced that it will launch a prebiotic cola under its namesake soda brand, starting this fall.Pepsi Prebiotic Cola comes just four months after the beverage giant announced its $1.95 billion acquisition of...
JPMorgan overhauls quantum computing leadership, poaches State Street exec
Marco Pistoia, Global Technology's Head of Applied Research and Engineering at JP Morgan.Source: JP MorganJPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, hiring a...
CEO Russell Weiner discusses results
Domino's Pizza restaurant showing company logo above entrance, a major pizza restaurant chain with over 15,000 locations in the United States and internationally.Melinda Crawford | UCG | Universal Images Group | Getty ImagesAs the restaurant industry aims to lure...
Subway taps Burger King veteran Jonathan Fitzpatrick as next CEO
Jonathan Fitzpatrick, CEO of Subway.Courtesy: SubwaySandwich chain Subway has tapped former Burger King executive Jonathan Fitzpatrick as the company's latest CEO, effective July 28.The announcement on Monday follows a months-long search for former CEO John Chidsey's...
FDA taps biotech exec George Tidmarsh as RFK Jr.’s top drug regulator
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | ReutersThe Food and Drug Administration said on Monday it has appointed former biotech executive George Tidmarsh as the...
Southwest Airlines sets a date, plan for the end of open seating
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025.Kevin Carter | Getty Images News | Getty ImagesSouthwest Airlines passengers will fly in assigned seats for the...
LVMH-backed L Catterton takes 20% FlexJet stake
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesAn investment group led by LVMH's private equity arm is buying 20% of private jet company...
How the rich invest in gold, from fractional bars to Swiss vaults
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, Dec. 22, 2023.Chalinee Thirasupa | Bloomberg | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert...
Weight loss drugs could help treat PCOS
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025.Shelby Knowles | Bloomberg | Getty ImagesFor well over a decade, Grace Hamilton, 27, experienced hair loss, heavy periods, infrequent menstrual cycles, mental health issues and...
Insurers just marked the costliest first half of the year since 2011
A worker helps board up windows at Joey and Brenda Bermudez's home that was damage by a recent tornado at the Elkhorn Ranch neighborhood in Elbert County on May 19, 2025. RJ Sangosti | MediaNews Group | Denver Post | Getty ImagesGlobal insured losses for the first...
Rich American Express customers spend freely, with one exception
American Express has long benefited from a focus on wealthier customers who appreciate the credit card company's travel and dining perks.That has helped insulate the company from concerns over a spending slowdown. In the second quarter, total spending on Amex cards...
International inbound travel to U.S. shows mixed recovery
A passenger passes a giant American flag as they make their way to and from their gates during the Memorial Day weekend getaway at John Wayne Airport Orange County in John Wayne Airport, Santa Ana, CA on Thursday, May 26, 2022. Allen J. Schaben | Los Angeles Times |...
Sarepta stock falls on FDA gene therapy Elevidys comment
Douglas Ingram, president and chief executive officer of Sarepta Therapeutics Inc., during the Forbes Healthcare Summit in New York, US, on Tuesday, Dec. 5, 2023. Michael Nagle | Bloomberg | Getty ImagesShares of Sarepta Therapeutics plunged more than 30% on Friday as...
Why Delta and United are pulling away from the airline pack
A Delta Air Lines plane takes off at Reagan National Airport in Arlington, Virginia, on Dec. 24, 2021.Eric Lee | Bloomberg | Getty ImagesFor United Airlines CEO Scott Kirby, there's his airline, his carrier's main rival, Delta Air Lines, and then everyone else.Delta...
Kids content on streaming is king as media companies chase profits
Cartoon characters from the children's show "Bluey" are displayed during the Brand Licensing Europe event at ExCel, in London, Oct. 4, 2023.John Keeble | Getty Images News | Getty ImagesIn the battle among streaming services to capture and keep subscribers, kids'...
How family offices can protect profits with family members on payroll
Fluxfactory | 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.Joshua Gentine grew up...
Banks are thriving so far in Trump’s economy. Here’s what that means
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6,...
Trump tariffs affect Walmart prices
A family shops in a Walmart Supercenter on May 15, 2025 in Austin, Texas.Brandon Bell | Getty ImagesSECAUCUS, N.J. — As customers walk the aisles of Walmart stores, there are some early signs that higher tariffs are changing pricing.The nation's largest retailer...
Bristol Myers Squibb, Pfizer to sell Eliquis at 40% discount
Bristol Myers Squibb and Pfizer on Thursday said they will start selling their blockbuster blood thinner, Eliquis, directly to patients at a more than 40% discount.The move comes as the Trump administration ramps up pressure on the pharmaceutical industry to cut drug...
Netflix (NFLX) earnings Q2 2025
Netflix is due to report second-quarter earnings after the closing bell Thursday.The streaming service is no longer offering investors quarterly subscriber updates, but Wall Street will be keen to hear how recent price hikes and the platform's growing advertising tier...
Homebuilders are slashing prices at the highest rate in 3 years
A construction worker carries a sheet of OSB sheathing as he builds a roof on a residential homes in Irvine, California, U.S., March 28, 2025. Mike Blake | ReutersThe nation's homebuilders continue to see weakening demand from potential buyers concerned about the...
New York City braces for wealth flight with Mamdani’s political rise
Zohran Mamdani's primary win in New York City's mayoral race and proposal to raise taxes on millionaires have touched off fears of a new wave of wealth flight from the city. Yet so far, there is little evidence of a slowdown in high-end real estate or real wealth...
Disney IP anchors theme parks. Here’s why it works
General views of Sleeping Beauty Castle at Disneyland on April 06, 2024 in Anaheim, California.Aaronp/bauer-griffin | Gc Images | Getty ImagesThe "Happiest Place on Earth" turns 70 this week.Disneyland, a pillar of the Anaheim, California, community since 1955, was a...
PepsiCo (PEP) Q2 2025 earnings
Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California. Kevin Carter | Getty ImagesPepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations, despite weaker demand for its food and...
Media shifts brings a new crop of leaders into play
Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels walks to a session at the Allen & Company Sun Valley Conference on July 9, 2025 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesLegacy media is in a time of tumult. And it's bringing a new crop of...
Bank of America (BAC) earnings Q2 2025
Brian Moynihan, CEO of Bank of America, 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...
Goldman Sachs (GS) earnings Q2 2025
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | ReutersGoldman Sachs is scheduled to report second-quarter earnings before the opening bell...
GM expands production of gas-powered SUV, trucks in Michigan
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletGeneral Motors said Tuesday it will move production of a...
Rolls-Royce invests $75 million to expand South Carolina plant
A Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025.Ronny Hartmann | Afp | Getty ImagesBritish aerospace and defense company Rolls-Royce announced it is investing $75 million to expand its engine manufacturing...
WNBA’s Portland Fire unveils name and logo ahead of 2026 tipoff
Portland Fire's new logo and the return of its original team name.Courtesy: Portland Fire | WNBAPortland's WNBA expansion team on Tuesday unveiled its new branding and name — the Portland Fire — a rekindling of the city's previous WNBA team that played from 2000 to...
Trump’s tariffs are hurting the office recovery
Construction renovation of new office in business building window at nightFangxianuo | E+ | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real...
Jamie Dimon says JPMorgan Chase will get involved in stablecoins
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 de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase...
Real estate firms race to put data centers on the moon, build space support
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices,...
Target stock and sales fall as CEO Brian Cornell contract ends
Mary Molina of Westchester, New York, said she used to shop at Target once a week. She said she now buys more from Walmart and Amazon and makes Target trips once every two or three months instead of every week.Courtesy of Mary MolinaShortly before a road trip in early...
Sirius bets on advertising to capture new listeners
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesSiriusXM, the audio entertainment company that's long been known as a commercial-free option for in-car radios, is betting on advertising to propel its business.On Tuesday the company launched its first...
JPMorgan Chase (JPM) earnings Q2 2025
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty ImagesJPMorgan Chase...
Warner Bros. ‘Superman’ opening weekend box office hits $122 million
David Corenswet stars are Superman in Warner Bros.' "Superman."Warner Bros. Discovery"Superman" soared into theaters this weekend, snapping up an estimated $122 million in domestic ticket sales and launching a new era of DC superhero flicks.The film marks the first...
Tax cuts for private jet buyers expected to lead to surge in sales
Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank,...
More U.S. housing markets see falling home prices
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024.Justin Sullivan | Getty ImagesOver-inflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation's housing market.Annual...
Starbucks to require employees in office four days a week, offer payouts
The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty ImagesStarbucks corporate employees will have to return to the office four days a week starting in October, the company announced on Monday.For workers...
GM, LG to upgrade Tennessee plant to make low-cost EV batteries
Ultium Cells Spring Hill, TN. September 2022.Courtesy: Ultium Cells LLCUltium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it's upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells.GM...
Athlete-backed Jams takes on peanut butter and jelly, protein craze
Connor Blakley Jams founderJamsThe classic peanut butter and jelly sandwich is getting a modern day upgrade and backing from some top athletes.Jams, a new company created by 26-year-old Connor Blakley, launched Monday and hopes to take on Smucker's Uncrustables as the...
‘Superman’ Thursday previews hit $22.5 million at box office
David Corenswet stars are Superman in Warner Bros.' "Superman."Warner Bros. DiscoveryIt's not a bird or a plane that soared into cinemas Thursday night — it was Warner Bros.' "Superman."The first film in the new era of DC films under James Gunn and Peter Safran snared...
Levi Strauss (LEVI) earnings Q2 2025
Levi Strauss raised its full-year guidance Thursday and said it's working to absorb some of the costs it's facing from higher tariffs, but that could change as President Donald Trump's trade policy evolves. The denim maker doesn't disclose its key manufacturing hubs,...
FDA to consider drug affordability when speeding up approvals: Makary
The Food and Drug Administration will consider drug affordability when granting companies new vouchers that speed up approvals of some treatments, the agency's Commissioner Marty Makary told CNBC on Friday. The FDA in June announced a national priority voucher plan...
IMAX capitalizes on Hollywood’s box office rebound
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 ImagesMore than a year before "F1: The Movie" would eventually hit theaters, Apple struck a...
How Iconiq, wealth firm backed by Zuckerberg, brings rich donors together
Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey.Manuel Orbegozo | Handout | 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...
Patrick Mahomes talks Throne Coffee investment, 18 game NFL season
Kansas City Chiefs quarterback Patrick Mahomes has added "coffee entrepreneur" to his already packed resume.The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar's portfolio off the field.As his Chiefs and the rest...
Goldman Sachs autonomous coder pilot marks major AI milestone
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersThe newest hire at Goldman Sachs isn't human.The bank is testing an autonomous software engineer...
Delta says segmentation coming to high-end cabins
Nurphoto | Nurphoto | Getty ImagesDelta Air Lines is studying new types of airplane tickets — this time in the premium cabins at the front of the plane.Airlines spent years slicing up their coach cabins, from extra legroom seats to bare-bones basic economy fares that...
Trump Brazil tariffs could raise coffee prices
President Donald Trump's proposed 50% tariff on Brazilian imports is bad news for coffee drinkers.Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country's total supply, according to data from the U.S. Department of...
Space startup Varda raises $187 million to make drugs in orbit
Pavlo Gonchar | Lightrocket | Getty ImagesSpace startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space.The latest round...
How family offices bet on sports from fantasy apps to ski resorts
Key PointsA third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon.While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like...
Delta Air Lines (DAL) 2Q 2025 earnings
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024.Joan Valls | Nurphoto | Getty ImagesDelta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry...
WK Kellogg shares jump 40% on Ferrero deal report
Boxes of various Kellogg's cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas. Brandon Bell | Getty ImagesShares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a...
Eli Manning not interested in ownership bid
Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he's been priced out."Basically, it's too expensive for me," Manning told CNBC Sport in an interview. "A 1% stake...
Hims & Hers offers generic semaglutide as Novo Nordisk patent lapses
The Hers website arranged on a laptop in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesHims & Hers Health announced Wednesday it will offer generic semaglutide in Canada as Novo Nordisk's patent on its branded drugs Ozempic and...
TSA plans to let travelers keep their shoes on at airport security
Traveler wait in a long security line at John Wayne Airport in Santa Ana Wednesday, May 7, 2025. Allen J. Schaben | Los Angeles Times | Getty ImagesThe Transportation Security Administration plans to let many travelers leave their shoes on at U.S. airport checkpoints,...
Trump threatens pharmaceutical tariffs of 200%
U.S. President Donald Trump speaks next to Defense Secretary Pete Hegseth during a cabinet meeting at the White House in Washington, D.C., U.S., July 8, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Tuesday threatened to impose up to 200% tariffs on...
Boeing delivers most airplanes since late 2023 as 737 Max output rises
Boeing 737 MAX airliners are pictured at the company's factory in Renton, Washington, on Sept. 12, 2024.Stephen Brashear | APBoeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max...
Wendy’s CEO Kirk Tanner tapped to lead Hershey
Kirk Tanner, then chief executive officer of North America beverages for PepsiCo Inc., speaks during the Bloomberg Power Players Summit in Miami, Florida, U.S., on Friday, Jan. 31, 2020. Marco Bello | Bloomberg | Getty ImagesWendy's CEO Kirk Tanner has been named the...
‘F1’ is Apple’s highest-grossing theatrical film ever
Still from Apple's "F1."AppleLights out and away we go."F1: The Movie" hasn't even reached the checkered flag of its theatrical run, but it's already Apple's best film release ever.The film, distributed by Warner Bros. Discovery, zoomed past $293 million at the global...
Family offices ramp up deals in June with bets on biotech and pharma
Key PointsAfter a slow spring, investment firms of the ultra-rich made 60 direct investments in June, according to Fintrx.Family offices flocked to biotech and health-care firms such as Antheia, seeking to make an impact and returns at the same time.Antheia founder...
How Netflix keeps luring directors away from traditional box office
Film directors Rian Johnson (L), Greta Gerwig (C), and Guillermo Del Toro (R)Getty ImagesNetflix isn't interested in bringing movies to theaters.The company's leaders have said they see theatrical movie releases as an "outdated" model. Yet for more than a decade, the...
Fast-casual restaurants lean on loyalty programs amid consumer pullback
A customer exits a Cava restaurant in New York City on June 22, 2023.Brendan McDermid | ReutersAs some consumers pull back on spending amid economic uncertainty, fast-casual restaurant chains are leaning on rewards programs to pull them back in.Loyalty programs, which...
Some international LGBTQ+ travelers pull back on U.S. trips
Participants march in the Reclaim Pride Coalition's seventh annual Queer Liberation March in New York, June 29, 2025.Erik McGregor | Lightrocket | Getty ImagesCanadian citizen Robert Sharp was planning to visit Provincetown, Massachusetts — one of the most...
2025 food trends include beef tallow, mustard, flavored olive oil
Condiments are getting an upgrade. Chefs are taking their signature sauces and dips outside the kitchen. And "swicy" still reigns.Those food trends were all on display at the Specialty Food Association's Summer Fancy Food Show, which returned to the Javits Center in...
Top five tax changes for the wealthy
A view of the US Capitol in Washington, DC, on June 30, 2025.Jim Watson | Afp | Getty ImagesThe wealthy will likely see a host of new tax breaks in President Donald Trump's "big beautiful bill," along with permanent extensions of many of the 2017 tax cuts, according...
How tariffs affect retail, Nike
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs.But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling...
Essence Fest leads a summer of events for Black entrepreneurs
U.S. Vice President Kamala Harris speaks on stage with Essence CEO Caroline Wanga at the Global Black Economic Forum during the 30th annual Essence Festival of Culture at the Ernest N. Morial Convention Center on July 6, 2024 in New Orleans, Louisiana. Michael...
Airlines face investors after strong— but cheaper — July 4 holiday
People move through Newark Liberty International Airport following a news conference by Transportation Secretary Sean Duffy at the airport, where he announced the reopening of a major runway at the airport, nearly two weeks ahead of schedule on June 2, 2025 in Newark,...
Fourth of July barbeque prices are rising, congressional analysis says
Cans of Molson Coors Brewing Co. Miller Lite and Coors Light brand beerDaniel Acker | Bloomberg | Getty ImagesAmericans may spend more on common barbeque items this Fourth of July with prices on products like beer, outdoor folding chairs and grill tools higher,...
Trump deportations hurt Modelo Constellation beer sales
Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesConstellation Brands' beer sales fell 2% in its latest quarter as President Donald Trump's deportations and consumers' broader...
New Stellantis CEO promotes Kuniskis, brings back SRT division
Tim Kuniskis, head of NAFTA Passenger Car Brands for Fiat Chrysler Automobiles NV, speaks during the reveal of the Fiat Chrysler 2018 Dodge Challenger SRT Demon sports vehicle ahead of the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Tuesday,...
Constellation Brands (STZ) Q1 2026 earnings
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico.Saul Loeb | Afp | Getty...
How Trump bill Medicaid cuts will impact U.S. health care
An aerial view of Valley Health Hampshire Memorial Hospital on June 17, 2025 in Romney, W.V. Ricky Carioti | The Washington Post | Getty ImagesPresident Donald Trump's "big beautiful bill" would make sweeping changes to U.S. health care, leaving millions of vulnerable...
Climate threat to U.S. infrastructure is accelerating
U.S. infrastructure is barely getting a passing grade, and one of the fastest growing problems is climate change. Airports are flooding, bridges are melting from extreme heat, and telecommunications are getting slammed by increasingly extreme weather.In 2023, at Fort...
Ford sales jump 14% in second quarter, exceeding forecast
Ford sales rose 14.2% during the second quarter over the year-earlier period, about 10 times the estimated 1.4% industry increase, the automaker said Tuesday.New vehicle sales for the second quarter totaled 612,095, led in part by gains in its F-Series trucks and...
English Premier League integrates Microsoft AI into fan app
Kobbie Mainoo of Manchester United during the Premier League match between Manchester United FC and Aston Villa FC at Old Trafford on May 25, 2025 in Manchester, England. Alex Livesey | Getty ImagesThe English Premier League is bringing artificial intelligence to the...
Jewelry sales outperform as U.S. luxury spending falters: Citi
Domenica Graci, the CEO and Founder of travel agency One Luxury, is seen wearing a golden Vintage Alhambra bracelet from Van Cleef & Arpels, a golden Love bracelet from Cartier, a golden Juste un Clou nail bracelet from Cartier and an Essential Lines bracelet from...
NASA plans to stream rocket launches on Netflix starting this summer
Workers repaint the NASA logo on the Vehicle Assembly Building at the Kennedy Space Center on May 28, 2020 in Cape Canaveral, Florida.Joe Raedle | Getty ImagesNASA's live programming, including rocket launches, spacewalks and views of Earth from space, will begin...
Home Depot SRS Distribution buys GMS
A Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024.David Paul Morris | Bloomberg | Getty ImagesHome Depot said Monday that it is buying GMS, a building products distributor, for about $4.3 billion as the retailer moves to draw more sales from...
New WNBA teams in Cleveland, Detroit and Philadelphia announced
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...
Moderna’s flu vaccine shows positive trial results, paving way for combo shot
The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesModerna on Monday said its experimental mRNA-based flu vaccine produced a stronger immune response than a currently available shot in a late-stage...
Nike stock soars after better than feared Q4 2025 results
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better than feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during...
Inside Stellantis’ plan to revive its Ram Trucks brand after declines
Stellantis' Ram display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCAUBURN HILLS, Mich. — Ram CEO Tim Kuniskis reemerged from a seven-month retirement late last year saying he "missed the fight" and admitting the Stellantis...
Here’s how the luxury real estate market is splitting up
View of luxury waterfront homes and boats along the intracoastal waterway near Jupiter Inlet in Jupiter, Florida in Palm Beach CountyRyan Tishken | Istock | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a...
The $5 million Trump Card faces legal challenges, limited market
U.S. President Donald Trump holds "The Trump Card" as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025.Kent Nishimura | ReutersA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert...
Nike (NKE) Q4 2025 earnings
A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3,...
RFK Jr. CDC vaccine panel backs Merck RSV shot for infants
Nikos Pekiaridis | Nurphoto | Getty ImagesRobert F. Kennedy Jr.'s revamped government panel of outside vaccine advisors on Thursday recommended the use of Merck's shot to protect infants from respiratory syncytial virus, a temporary reprieve for public health...
Family offices double down on private credit and infrastructure
Vithun Khamsong | Moment | 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.Investment...
Pixar’s ‘Elio’ is emblematic of a bigger headwind for Hollywood
A still from Disney and Pixar's animated film "Elio."DisneyDisney's Pixar animation studio had its worst opening ever over the weekend — and its problems aren't unique."Elio," the story of a young boy who is mistakenly identified as Earth's ambassador to the universe,...
PayPal partners with Big Ten, Big 12 on student-athlete payments
Head coach Dusty May and players of the Michigan Wolverines celebrate after defeating the Wisconsin Badgers in the Big Ten men's basketball tournament championship game at Gainbridge Fieldhouse on March 16, 2025 in Indianapolis, Indiana. Aaron J. Thornton | Getty...
Southwest airport lounges? CEO says carrier is open to high-end change
A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, 2025 in Arlington, Virginia. Kevin Carter | Getty ImagesARLINGTON, Texas — Southwest Airlines is considering airport lounges, more premium seating and even long-haul...
May new home sales tank, pushing supply up to 3-year high
Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty ImagesSales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S....
RFK Jr.’s new ACIP CDC vaccine panel holds first meeting
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.Tami Chappell | ReutersA crucial government panel of vaccine advisors will hold its first meeting Wednesday since Health and Human Services Secretary Robert F....
Tennis Channel, Women’s Tennis Association extend media deal
Coco Gauff of the United States lifts the winners trophy after her victory against Aryna Sabalenka in the Final of the Women's singles competition on Court Philippe-Chatrier during the 2025 French Open Tennis Tournament at Roland Garros on June 7, 2025, in Paris,...
ESPN renews deal with Premier Lacrosse League, takes equity stake
Utah Archers Midfielder Tre Leclaire (44) carries the ball during the Premier Lacrosse League Cash App Championship between the Maryland Whipsnakes and the Utah Archers at Subaru Park in Chester, Pennsylvania, on Sept. 15, 2024.Terence Lewis | Icon Sportswire | Getty...
FedEx (FDX) Q4 2025 earnings
FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.The company achieved its "structural cost reduction...
Carnival (CCL) Q2 2025 earnings
Carnival shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance.According to the company's earnings report, the cruise operator posted adjusted earnings of 35 cents per share...
Back-to-school spending persists, PwC survey says
A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year.Deb Cohn-Orbach | UCG | Universal Images Group | Getty ImagesFamilies are not holding back on back-to-school spending this...
Fanatics Athlete Immersion Program teaches business acumen to pro athletes
Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images)Justin Berl | Getty ImagesSports merchandising giant Fanatics...
Home price hikes are slowing more than expected
A Compass Realty sign is posted in front of a home for sale on June 23, 2025 in Greenbrae, California. Justin Sullivan | Getty Images News | Getty ImagesRising supply and slowing demand in the housing market are finally causing prices to cool off, and the weakness is...
McDonald’s and Krispy Kreme end doughnut partnership
Glazed Krispy Kreme doughnuts.Joe Raedle | Getty Images News | Getty ImagesKrispy Kreme and McDonald's are ending their partnership for good.The chain will stop selling its doughnuts at McDonald's restaurants on July 2, the companies said in a press release Tuesday....
Airlines divert, cancel Middle East flights as Iran attacks U.S. base
Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24.Courtesy: Flightradar24Airlines diverted more flights in the Middle East on Monday after Iran's armed forces said the country launched a missile strike on a U.S. military base in Qatar,...
May home sales increase very slightly, but prices hit new record
A for sale sign is displayed near a home on April 24, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesSales of previously owned homes rose very slightly in May, up 0.8% from April, to a seasonally adjusted, annualized rate of 4.03 million units,...
Novo Nordisk ends Wegovy deal with Hims & Hers
The "Wegovy" brand slimming syringe is sold in the Achat pharmacy in Mitte. The "Wegovy" slimming syringe has been available in Germany for a year.Jens Kalaene | Picture Alliance | Getty ImagesNovo Nordisk on Monday said it is ending its collaboration with Hims &...
New Stellantis CEO Antonio Filosa faces slew of challenges on day one
Incoming Stellantis CEO Antonio Filosa, head of the company's Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025.StellantisDETROIT — "Mediocrity is not worth the trip."That was part of...
U.S. insurers to change approval process
UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesHealth plans under major U.S. insurers said Monday they have voluntarily agreed to speed up and reduce prior authorizations – a...
Flight patterns of private-jet riders are changing
Market volatility and geopolitical tensions haven't slowed demand for private jets, although the travel patterns of the wealthy are changing, according to the president of NetJets. The summer travel season is shaping up to be another strong year for NetJets, with...
Kroger (KR) Q1 2025 earnings
Shares of Kroger rose about 9% on Friday as the supermarket operator raised its full-year sales outlook and said it's drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out.The Cincinnati-based grocer said it now expects identical...
Mobile app adds bond trading
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty ImagesOnce a laggard in the online...
Darden Restaurants DRI Q4 2025 earnings
Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Friday beat Wall Street's earnings and revenue estimates, while the Olive Garden parent predicted solid...
The U.S. added a thousand new millionaires a day in 2024: report
Mercer Island, a wealthy enclave just outside Seattle.Danita Delimont | Gallo Images Roots Rf Collection | 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...
Lakers owners Buss family sell majority stake at $10 billion valuation
Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews...
FDA approves Gilead HIV prevention injection lenacapavir
The Food and Drug Administration on Wednesday approved Gilead's twice-yearly antiviral injection for preventing HIV – a milestone that the company and some experts say could help bring the world closer to ending the decades-long epidemic caused by the virus. But the...
Nike pushes back Skims launch with Kim Kardashian
NikeSKIMS, a new brand from NIKE Inc. and SKIMS.Courtesy: NikeSKIMSKim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line.The activewear line will launch later this year instead of in the spring, like the companies had...
RFK Jr.’s new vaccine advisors will vote on flu shots with mercury
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Secretary of Education Linda McMahon attend a Make America Healthy Again (MAHA) Commission event, in the East Room of the White House in Washington, D.C., U.S., May 22, 2025. Evelyn Hockstein |...
Ram to offer industry leading pickup truck warranty under new plan
Dodge Ram display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCDETROIT — Ram Trucks plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year as part of an 18-month turnaround plan for the...
GM’s quickest sports car ever built
2026 Chevrolet Corvette ZR1X with Carbon Aero packageGMDETROIT — General Motors is once again expanding its Corvette lineup with a new high-performance, hybrid variant of the quintessential American sports car.The Detroit automaker on Tuesday revealed the 2026...
Pfizer, Merck, J&J, others face scrutiny over tax loophole extension
The Johnson & Johnson logo displayed on a monitor.Sopa Images | Lightrocket | Getty ImagesTwo Democratic lawmakers on Tuesday pressed five of the nation's largest pharmaceutical companies about their low tax bills and whether they support extending massive tax...
Streaming surpasses combined broadcast, cable TV for first time
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.Streaming represented 44.8% of total TV viewership in May, its largest share to date, while broadcast (20.1%) and cable (24.1%)...
Homebuilder sentiment June 2025 nears pandemic low
Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation's homebuilders.Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo...
JetBlue to cut more flights, other costs as break-even 2025 ‘unlikely’
A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California.Kevin Carter | Getty ImagesJetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as...
PGA Tour names NFL’s Brian Rolapp as CEO to succeed Commissioner Jay Monahan
NFL chief media and business officer Brian Rolapp.Doug Murray | APThe PGA Tour on Tuesday named top NFL executive Brian Rolapp its next chief executive officer to succeed current Commissioner Jay Monahan. Monahan will begin to transition his day-to-day...
Yum! Brands names CFO Chris Turner as its next CEO
Yum Brands logoDado Ruvic | ReutersYum! Brands on Tuesday named Chief Financial and Franchise Officer Chris Turner as its next CEO, effective October 1.He will replace David Gibbs, who announced his retirement earlier this year. Gibbs has led Yum since 2020 and will...
New perks, $795 annual fee
The Chase Sapphire Lounge at LaGuardia Airport, accessible only to Sapphire Reserve customers.Benji Stawski / CNBCJPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its...
Pfizer, AstraZeneca, Merck bet on chemo replacement
Antibody drug conjugates (ADCs) are targeted medicines that deliver chemotherapy agents to cancer cells 3d renderingLove Employee | Istock | Getty ImagesChemotherapy has long been a cornerstone of cancer treatment, saving millions of lives.But the pharmaceutical...
Kraft Heinz to remove artificial dyes in U.S.
Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store on April 27, 2025 in San Diego, California. Kevin Carter | Getty ImagesKraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any...
Amex Platinum, Chase Sapphire get 2025 refresh
Anna Barclay | Getty ImagesThe long-running rivalry between the country's top premium credit cards is about to heat up again.JPMorgan Chase announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived...
Turnaround plan focuses on employees
Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024.Jakub Porzycki | Nurphoto | Getty ImagesAs Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with...
Boeing Dreamliner crash, military escalations darken Paris Air Show
The Boeing 787-9 civil jet airplane of Vietnam Airlines performs its flight display at the 51st Paris International Airshow in Le Bourget near Paris, France. (Photo by: aviation-images.com/Universal Images Group via Getty Images)aviation-images.com | Universal Images...
WNBA, Scripps renew media rights deal
Caitlin Clark, #22 of the Indiana Fever, brings the ball up court during the first half of a WNBA game against the Chicago Sky at Wintrust Arena in Chicago on Aug. 30, 2024.Melissa Tamez | Icon Sportswire | Getty ImagesThe WNBA and E.W. Scripps announced on Friday a...
JBS Brazilian meat company goes public in the U.S.
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty ImagesShares of Brazilian meat giant JBS made their U.S. public market debut on Friday, opening at $13.65 a share.The opening trade values the...
Airlines divert, cancel flights after Israel attacks Iran
Zoom In IconArrows pointing outwardsFlight map of the Middle East after Israel airstrikes on Iran at 12:25 UTC on June 13th, 2025. FlightRadar24Airlines around the world canceled flights to Israel and were skirting a large swath of airspace in the Middle East on...
Baby items get pricier, congressional report says
Baby car seat carriers for sale at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Bloomberg | Bloomberg | Getty ImagesThe cost of some baby gear has risen in recent weeks due to President Donald Trump's tariff policies, according to a new...
What we know about first fatal Boeing Dreamliner crash
A view shows the wreckage of an Air India aircraft, bound for London's Gatwick Airport, which crashed during take-off from an airport in Ahmedabad, India June 12, 2025. Adnan Abidi | ReutersAn Air India plane that was bound for London and carrying 242 people crashed...
Battle over Jimmy Buffett estate highlights risks of family trusts
Musician Jimmy Buffett performs onstage at Jimmy Buffett & Friends: Live from the Gulf Coast, a concert presented by CMT at on the beach on July 11, 2010 in Gulf Shores, Alabama.Rick Diamond | Getty Images Entertainment | Getty ImagesA court battle over the...
Trump CFPB cuts reviewed by Fed inspector general
Director of the Office of Management and Budget (OMB) Russell Vought attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersThe Federal Reserve's inspector general is reviewing the Trump administration's attempts...
Retail executives expect Trump to drop tariffs
A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025. Mike Blake | ReutersEven retail executives are bullish on the "TACO trade." Following weeks of shifting trade policy, early deals and winding...
RFK Jr. names members of CDC vaccine committee after firings
Health and Human Services Secretary Robert F. Kennedy Jr. on Wednesday named eight new members to a crucial government panel of vaccine advisors after firing the entire group just days earlier. His picks include some well-known vaccine critics, including Dr. Robert...
Why family offices are struggling to recruit and retain staff
Key PointsAbout two-thirds of the private investment firms of the ultra-wealthy report challenges hiring and retaining key staff, according to a new survey.There is a shrinking pool of talent, and many employees don’t see long-term career potentials at family...
Air India Boeing plane with 242 aboard crashes at Ahmedabad in Gujarat
An Air India Boeing Dreamliner plane with 242 passengers and crew aboard crashed shortly after takeoff from Ahmedabad in western India, local officials and the carrier said Thursday."The injured are being taken to the nearest hospitals," Air India said in a post on...
Howard Schultz backs CEO Brian Niccol strategy
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company's compliance with labor law on Capitol Hill in Washington., U.S., March 29,...
State AGs urge Meta to clean up platform
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.Michael M. Santiago | Getty ImagesA group of 42 state attorneys general are calling on Meta to curb the rise of investment...
Women’s Tennis Association unveils new fertility protection rule
Sloane Stephens looks on against Madison Keys during the Charlotte Invitational at Spectrum Center on December 06, 2024 in Charlotte, North Carolina. Jacob Kupferman | Getty ImagesThe Women's Tennis Association has introduced a rule allowing players to protect their...
GM to invest $4 billion in U.S. plants, move Mexico-produced SUV
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT — General Motors plans to invest $4 billion in three...
Starbucks to roll out Microsoft Azure OpenAI assistant for baristas
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike BlakeMike Blake | ReutersStarbucks plans to roll out a generative AI assistant created with Microsoft Azure's OpenAI platform to 35 locations...
In China, fears grow of an EV financial crisis amid pricing war
At a used car market in Beijing, salesman Ma Hui said he fears China's electric vehicle industry is in a race to the bottom.EV makers, led by the country's market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as...
RFK Jr. firing of CDC vaccine advisors effects on public health
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. leaves the stage after discussing the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, at the...
FanDuel adds 50-cent surcharge on Illinois bets to offset taxes
FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next.Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes that the state instituted with its new budget, which disproportionately...
Boeing airplane orders jump ahead of Paris Air Show
Boeing 737 aircraft fuselages are pictured at the company's Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty ImagesBoeing's gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes...
Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of...
Disney to pay Comcast $438.7M for control of Hulu, ending valuation process
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.Rachel Murray | Getty ImagesDisney has agreed to pay Comcast $438.7 million for its stake in the streaming...
RFK Jr. removes all members of CDC panel advising U.S. on vaccines
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. testifies before the Senate Committee on Appropriations hearing on the Department of Health and Human Services budget, on Capitol Hill in Washington, D.C., U.S., May 20, 2025. Ken Cedeno |...
FDA approves Merck RSV shot for infants to rival Sanofi AstraZeneca
The Food and Drug Administration on Monday approved Merck's shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca.The decision will allow...
WBD split throws future of TNT Sports into question
David Zaslav attends the world premiere of "The Flash", in Hollywood, Los Angeles, California, U.S., June 12, 2023. REUTERS/Mike BlakeMike Blake | ReutersEarlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company's long...
Walmart taps own fintech firm for credit cards after Capital One exit
A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Yichuan Cao | Nurphoto | Getty ImagesWalmart's majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards...
Elevate launches $500 million college sports investment
STATE COLLEGE, PA - DECEMBER 21: Drew Shelton #66 of the Penn State Nittany Lions before a game between SMU and Penn State at Beaver Stadium on December 21, 2024 in State College, Pennsylvania. (Photo by Roger Wimmer/ISI Photos/Getty Images)Roger Wimmer/isi Photos |...
Chipotle launches Adobo Ranch dip after sluggish sales
Chipotle Mexican Grill's new Adobo Ranch dipSource: Chipotle Mexican GrillChipotle Mexican Grill is hoping that Americans' love for ranch will boost its sales.On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has...
Warner Bros. Discovery to split into two public companies by next year
Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming.Warner Bros. Discovery will separate into Streaming and Studios, which...
Trump touts manufacturing jobs, but aviation workers are hard to hire
LAFAYETTE, Ind. — President Donald Trump has said he wants to bolster manufacturing jobs and other technical employment in the United States. But in the aviation industry, finding skilled workers to make airplanes and engines — and maintaining those jobs for years to...
Why it’s getting even harder to get into airport lounges now
Bloomberg | Bloomberg | Getty ImagesAirplane tickets are getting cheaper, but it's getting more expensive to bring your family to an airport lounge.Capital One is the latest company to limit access to booming airport lounges to combat overcrowding.Starting Feb. 1,...
Inside the stealth EV production facility backed by Bezos
Slate Auto electric vehicles inside the startup's beta production facility in Lake Orion Township, Michigan.Slate AutoLAKE ORION TOWNSHIP, Mich. — In a nondescript supplier park in suburban Detroit, an electric vehicle startup backed by Amazon founder Jeff Bezos is...
Walmart to expand drone deliveries to three more states
Walmart is bringing drone deliveries to three more states.On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart's drone...
Lululemon beats on Q1 2025 earnings, cuts outlook
Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a "dynamic macroenvironment."As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news...
Used vehicle prices ease from fear-buying highs
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — Used vehicle prices last month eased from their recent high in April as consumers who may have needed a vehicle but feared price...
Here are the companies making job cuts
Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings.Mathisworks | Digitalvision Vectors | Getty ImagesWhile Elon Musk has ended his government cost-cutting initiative that resulted in...
Brown-Forman warns of tariff uncertainty
Bottles of the American whiskey Jack Daniel's are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel's-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly...
Procter & Gamble to cut 7,000 jobs in restructuring
Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025.Kevin Carter | Getty ImagesProcter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year...
Five auto insights investors should know from top BofA analyst
A worker at Ford's Kentucky Truck Plant on April 30, 2025.Michael Wayland | CNBCDETROIT — The automotive industry is experiencing unprecedented disruption and uncertainty when it comes to regulations, electric vehicles, software innovations and competition from...
Ram resurrects Hemi engine with ‘Symbol of Protest’ badge for pickups
DETROIT — Stellantis is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.The return of the 5.7-liter engine comes after the company discontinued the powertrain amid tightening fuel economy regulations and a...
Disney says parks generate U.S. economic impact of $67 billion each year
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 April 3, 2025, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesFor decades Disney's domestic theme parks have...
Wealthy inheritors plan to fire their parents’ wealth advisors
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a...
Trump tariffs news: How prices could change
What is the true cost of tariffs? It's debatable — not only because of political biases, but also because it's far from straightforward to calculate just how much of the levies consumers end up paying.Even so, it's possible to estimate how much the price of common...
NBA team sponsorship revenue up 8%, boosted by jersey patches
Shai Gilgeous-Alexander #2 and Jalen Williams #8 of the Oklahoma City Thunder react on the bench against the Minnesota Timberwolves during the fourth quarter in Game Five of the Western Conference Finals of the 2025 NBA Playoffs at Paycom Center on May 28, 2025 in...
Family office deals slow in May with bets on nuclear energy and AI
Key PointsNuclear energy startups are gaining steam with private investment firms of the ultra-rich. Billionaire Barry Sternlicht's family office invested in Zeno Power, a nuclear battery firm, in May.These deals are set to grow with family offices wanting to...
Retail crime crackdown results in hundreds of arrests: authorities
A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.The blitz, led by Illinois' Cook County regional organized crime task force, involved more than 100...
Steph Curry’s Thirty Ink generated $174 million in 2024 revenue
Steph Curry's Gentleman's Cut bourbon.Courtesy: Gentleman's CutSteph Curry is one of the greatest basketball players ever, and judging by his company's financials, he's off to a pretty good start in the business world.Curry is the CEO of Thirty Ink, a house-of-brands...
Peloton launching resale market for used bikes, treadmills
A Peloton bike is displayed at a Dick's Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many...
Dollar General (DG) Q1 2025 earnings
Shares of Dollar General jumped more than 10% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending.The Tennessee-based retailer beat quarterly...
McDonald’s is bringing back the snack wrap next month
McDonald's Snack WrapCourtesy: McDonald'sMcDonald's snack wraps will return to U.S. restaurants next month as the fast-food giant looks to boost sales after a sluggish start to the year.McDonald's introduced snack wraps nearly two decades ago but discontinued the item...
Alaska Airlines to make Europe debut with Rome flights next year
LOS ANGELES, CALIFORNIA - MARCH 30: An Alaska Airlines Boeing 737 airplane departs Los Angeles International Airport en route to Washington D.C. on March 30, 2025 in Los Angeles, California. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty...
Ford reports 16% sales increase in May amid employee pricing, tariffs
Salesman Walter Silva (R) helps Alexis Lechanet shop for a Ford vehicle at Metro Ford on May 6, 2025 in Miami, Florida.Joe Raedle | Getty ImagesDETROIT — Ford Motor on Tuesday reported a 16.3% year-over-year sales increase for May, as the automaker continues an...
Hims & Hers to acquire Zava, a European telehealth platform
The Hims logo arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Bloomberg | Bloomberg | Getty ImagesHims & Hers Health announced Tuesday it will acquire European telehealth platform Zava in its push to expand globally."We're excited to take...
Roark Capital invests in restaurant chain Dave’s Hot Chicken
Private equity firm Roark Capital has bought a majority stake in Dave's Hot Chicken, the company announced on Monday.Financial terms were not disclosed, but Dave's CEO Bill Phelps said on CNBC's "Squawk Box" that the reported $1 billion valuation for the deal is...
More office space is being removed than added this year
After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.Simply put, more office space is being removed...
Byron Allen broadcast TV stations up for sale
Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | Afp | Getty ImagesByron Allen is putting his broadcast TV stations up for sale.Allen...
How Under Armour signed Stephen Curry away from Nike
In 2013, Stephen Curry shocked the sneaker world by signing with then-upstart athletic company Under Armour over basketball powerhouse Nike.At the time, Nike controlled the vast majority of the NBA sneaker market. Under Armour was virtually unheard of in the...
Steph Curry contemplates post-retirement life in broadcasting, golf
Stephen Curry isn't retiring from the National Basketball Association yet, but he's already thinking about new career paths — including broadcasting, team ownership and playing on the PGA Tour Champions.The Golden State Warriors star spoke to CNBC Sport as part of...
SailGP launches sports betting with DraftKings and Bet365
Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024.Katelyn Mulcahy for SailGPFans watching the New York races for international sailing league SailGP this weekend will have another reason to root for...
Stephen Curry says he suffers from impostor syndrome
Stephen Curry is a two-time National Basketball Association Most Valuable Player, a four-time league champion and among the greatest shooters of all time.He also owns a media company, a bourbon brand, a golf league for kids and a philanthropic foundation that gives...
Here are the retailers raising prices
A person picks out clothing in a store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. Vincent...
This is why Jamie Dimon is so gloomy on the economy
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe more Jamie Dimon...
United Airlines, American Airlines are increasing business-class seats
American Airlines new business-class suite.American AirlinesDALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the...
Summer rentals in the Hamptons are down 30%
Key PointsSummer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down...
American Eagle Outfitters (AEO) earnings Q1 2025
American Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic...
Gap (GAP) earnings Q1 2025
People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | ReutersNew tariffs could impact Gap's business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter...
Costco (COST) Q3 2025 earnings
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025.Jay L Clendenin | Getty ImagesShares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8%...
Non-alcoholic beer to pass ale in sales volume this year
Non-alcoholic beers photographed for Food in Washington, DC on March 11, 2024. Scott Suchman | The Washington Post | Getty ImagesNon-alcoholic beer is on track to overtake ale as the second-largest beer category by volume worldwide this year, according to a new...
Jeep reveals new Cherokee SUV, confirms hybrid model
2025 Jeep Cherokee SUVStellantisDETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand's turnaround when it arrives later this year.The Stellantis brand said the new midsize SUV will...
Boeing to resume airplane deliveries to China, CEO says
Boeing Co. 737 Max fuselages at the company's manufacturing facility in Renton, Washington, on April 15, 2025.Bloomberg | Bloomberg | Getty ImagesBoeing's airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump...
Best Buy (BBY) Q1 2026 earnings
Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty ImagesBest Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs...
United Airlines to return to JFK in new partnership with JetBlue
A United Airlines plane takeoff as a JetBlue plane is landing at San Francisco International Airport (SFO) in San Francisco, California, United States on June 8, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesUnited Airlines has a new friend in Queens.The airline...
High school sports on PBS are at risk with Trump federal funding cuts
Iowa PBS covers the 2024 State Girls Softball Championships live from Fort Dodge, Iowa in July 2024.Courtesy: Iowa PBSHigh school sports games and related coverage have become some of the most popular local programs on PBS stations across the U.S., especially in...
Stellantis appoints North America boss Antonio Filosa as new CEO
Stellantis North America Chief Operating Officer and former 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 on Nov. 21, 2024.Etienne Laurent | Afp | Getty...
E.l.f. Beauty to acquire Hailey Bieber brand Rhode in $1 billion deal
Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty ImagesE.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber's beauty brand Rhode in...
The U.S. now has a third of the world’s millionaires and billionaires
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. The U.S. now accounts for more than a third of the...
Hybrid leader Toyota targets major growth in plug-in vehicles
2023 Prius Prime on display, April 6, 2023.Scott Mlyn | CNBCPLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs.Such vehicles...
Abercrombie & Fitch (ANF) Q1 2025 earnings
Fashion brand Abercrombie & Fitch advertising on a large scale digital billboard on the exterior of the Outernet building on 4th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesShares of Abercrombie & Fitch soared on Wednesday,...
Dick’s Sporting Goods (DKS) earnings Q1 2025
A sign is posted in front of a Dick's Sporting Goods store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick's Sporting Goods said Wednesday it's standing by its full-year guidance, which includes the expected impact from all tariffs...
Macy’s (M) Q1 2025 earnings
Macy's cut its full-year profit guidance on Wednesday even as it beat Wall Street's quarterly earnings expectations.In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and "some moderation"...
Lilo and Stitch, Mission Impossible break box office records
Still from Disney's newest live-action remake "Lilo & Stitch."DisneyShares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office.AMC saw its stock jump more than 20%, while shares of Marcus...
JPMorgan Chase is heading upmarket to woo America’s millionaires
A living space in the new J.P. Morgan financial center branch format in Palm Beach.Courtesy: JP MorganJPMorgan Chase thinks it has cracked the code on managing more money for America's millionaires.It's not a new financial product, a novel software program or an...
Southwest Airlines starts charging many flyers to check bags this week
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesSet your alarm. Southwest Airlines customers have only one day to go before the company starts charging to check...
How the tycoons behind Kind Bars, Hot Pockets diversify their fortunes
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. Billionaire Daniel Lubetzky built his fortune on Kind...
United Airlines reaches labor deal with flight attendants, union says
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract.John Tlumacki | Boston Globe | Getty ImagesUnited Airlines reached an "industry-leading" tentative labor deal for its 28,000 flight attendants, their...
Boeing, DOJ reach deal to avoid prosecution over 737 Max crashes
Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019.Tiksa Negeri | ReutersThe U.S. Justice Department said Friday that it has reached a deal...
Personal finance app Monarch raises $75 million
Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.Courtesy: MonarchThe personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has...
Insurers brace for impact with above-average hurricane season forecast
John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida.Joe Raedle | Getty Images News |...
American Airlines CFO says some travelers are avoiding Newark airport
The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty ImagesAmerican Airlines' chief financial officer said Thursday that some travelers are avoiding Newark Liberty International...
Epic Universe opens as Universal leans into parks, takes on Disney
The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025.Thomas Simonetti | Bloomberg | Getty ImagesORLANDO, Florida — With the grand opening of Epic Universe on Thursday, Comcast is positioning its Universal Studios...
Picklr to open 20 pickleball clubs in Japan
The Picklr facility in Salt Lake City, UtahPacklrThe world's largest pickleball franchise is coming to Japan.The Picklr, a network of indoor pickleball clubs, will open 20 new locations in the Japanese market over the next five years, the company said on Thursday. The...
April home sales dropped to the slowest pace for that month since 2009
A "Sale" sign in front of a home in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty ImagesThe spring housing market continues to struggle amid high interest rates and low consumer confidence.Sales of previously owned homes in April fell...
UnitedHealthcare faces backlash and stock price decline
Flags fly at half staff outside the United Healthcare corporate headquarters in Minnetonka, Minnesota, Dec. 4, 2024.Stephen Maturen | Getty Images News | Getty ImagesIt took six months, countless hours on hold and intervention from state regulators before Sue Cover...
Family offices bet on the U.S. and stocks for 2025, UBS finds
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. Despite growing fears of a " sell America " trade,...
Nike to increase prices on footwear, apparel amid tariffs
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel...
Cigna reaches new deal on Eli Lilly and Novo Nordisk weight loss drugs
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty ImagesOnly half of health insurer Cigna's clients currently cover the popular GLP-1 weight loss drugs Wegovy and Zepbound because of their high...
Canada Goose (GOOS) Q4 earnings report 2025
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a...
Burger King targets families with ‘How to Train Your Dragon’ team-up
Burger King's "How to Train Your Dragon" menu items include the Dragon Flame-Grilled Whopper, Fiery Dragon Mozzarella Fries, Soaring Strawberry Lemonade and the Viking’s Chocolate Sundae.Source: Burger KingAs Burger King enters the next phase of its turnaround...
Lowe’s (LOW) Q1 2025 earnings
A worker collects shopping carts at a Lowe's home improvement store on Feb. 26, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesLowe's on Wednesday stood by its full-year forecast, as growing sales among home professionals helped offset slower demand from...
Toyota redesigns 2026 RAV4 SUV to be hybrid-only
PLANO, Texas — The top-selling SUV in the United States will exclusively be offered as a hybrid model as part of a redesign of the RAV4 lineup, Toyota Motor announced Tuesday night.The world's largest automaker said the 2026 Toyota RAV4 only will be offered as a...
Target (TGT) Q1 2025 earnings
A view of a Target store on March 5, 2025 in Novato, California.Justin Sullivan | Getty ImagesTarget will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth.Here's what Wall Street is expecting...
Why Walmart decided to raise prices and risk Trump’s anger
A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | ReutersLast month, Walmart downplayed how much President Donald Trump's tariffs would affect its business in front of a large audience of investors. CEO Doug McMillon pointed to other...
NFL Commissioner Roger Goodell could double international games
NFL Commissioner Roger Goodell said this week the league is going to lean into international competition and could play as many as 16 games per season abroad in the next 5 years.Goodell appeared at the CNBC CEO Council Summit alongside Marriott CEO Anthony Capuano and...
FDA outlines stricter Covid vaccine approval standards
Brandon Guerrero, of Compton, California, is given both a flu and Covid vaccine at CVS in Huntington Park, California, Aug. 28, 2024.Christina House | Los Angeles Times | Getty ImagesThe Food and Drug Administration on Tuesday outlined new regulatory guidance for...
Cadillac EVs are attracting new customers, including Tesla owners
A Cadillac all-electric 2025 Escalade IQ luxury SUV is displayed during press day of the North American International Auto Show in Detroit, Michigan, September 14, 2023.Rebecca Cook | ReutersDETROIT — Cadillac's expanding all-electric vehicle lineup is attracting a...
Levi to sell Dockers to Authentic Brands Group for $311 million
The Levi's brand logo on a store. Jens Kalaene | Picture Alliance | Getty ImagesLevi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own...
Fanatics Fest skills challenge pits fans vs. celebrities for $2 million
Tom Brady attends Fanatics Fest NYC 2024 at Jacob Javits Center in New York City on Aug. 16, 2024.Dave Kotinsky | Getty Images Entertainment | Getty ImagesSports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming...
JPMorgan’s 2025 summer reading list
Along with the list of 16 books, and increase from prior lists, which had 10, this year's Summer Reading List also includes suggested summer experiences, from the DATALAND exhibit at The Grand LA, to the SailGP racing series and the Hill Family Estate in Napa,...
Home Depot (HD) Q1 2025 earnings
A customer pushes a shopping cart in front of a Home Depot store on Feb. 25, 2025 in San Rafael, California.Justin Sullivan | Getty ImagesHome Depot will report quarterly earnings and revenue on Tuesday as the retailer contends with high interest rates, a sluggish...
Wynn Resorts drops NYC casino license bid
Wynn Resorts is dropping its bid to land a casino license in New York.The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort...
Paramount ousts CBS News CEO Wendy McMahon
Wendy McMahon, president and co-head of CBS News and Stations.Michele Crowe | CBS | Getty ImagesCBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company's news division and...
Chase CEO Jamie Dimon says markets are too complacent
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 de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase...
USTA to invest $800 million in US Open facilities in New York
The USTA unveils the largest single investment in U.S. Open history.USTAThe United States Tennis Association announced on Monday it will make an $800 million investment to transform and modernize tennis facilities for the U.S. Open.The project marks the largest...
Novo Nordisk bets on new CEO to regain weight loss drug edge over Eli Lilly
A view of the logo of Novo Nordisk at the company's office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | ReutersNovo Nordisk is banking on fresh leadership to help it reclaim the crown in the booming weight loss drug market.The...
Netflix to stream Sesame Street episodes later this year
The Netflix logo and Bert & Ernie from Sesame Street:Sam Wasson | Getty Images"Sesame Street" has a new streaming home.Netflix will stream the next three seasons of "Sesame Street," as well as a library of past episodes, securing the future of the longtime...
Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody's decision to downgrade the U.S. credit rating.Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year...
How climate change could hit your credit score
A real estate sign stands in front of a burnt property, following the Palisades Fire at the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 13, 2025. Mike Blake | ReutersAnyone shopping for a mortgage knows how far into your finances lenders like...
David Adelman leads next generation of deal-hungry family offices
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. Entrepreneur and family office founder David Adelman...
Bath & Body Works names Daniel Heaf, a recent Nike executive, as CEO
Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024.Justin Sullivan | Getty ImagesBath & Body Works has a new chief executive officer, its second in less than 3 years.The personal care, home and beauty retailer has named Daniel...
Company would avoid prosecution in DOJ deal
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.Eric Thayer | Bloomberg | Getty ImagesThe Justice Department isn't planning to prosecute Boeing in a case tied to two crashes of the aerospace giant's 737 Max, a person familiar with the matter...
How much a 100% ‘Made in the USA’ vehicle might cost
A 2025 Ford Expedition with bronze trim on April 30, 2025 at the automaker's Kentucky Truck Plant.Michael Wayland | CNBCLOUISVILLE, Ky. — A white 2025 Ford Expedition SUV with bronze exterior trim rolls off the assembly line at Ford Motor's Kentucky Truck Plant. It...
Wealthy taxpayers get new breaks under House bill and hidden hike
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. High earners would get a series of tax cuts in the...
Cable companies Charter and Cox to merge
Sopa Images | Lightrocket | Getty ImagesCharter Communications and Cox Communications, two of the largest cable companies in the U.S., have entered into an agreement to merge. The deal would be one of the largest in the industry – and across corporate America – in the...
Ravens QB Lamar Jackson uses horse racing to build up Baltimore
Lamar Jackson with the winners of the 2025 NTL Kickoff Race.Courtesy: National Thoroughbred LeagueBaltimore Ravens quarterback Lamar Jackson has a singular goal both on the football field and as owner of the Maryland Colts horse racing franchise in the National...
Cava (CAVA) Q1 2025 earnings
A customer exits a Cava restaurant in New York City on June 22, 2023.Brendan McDermid | ReutersCava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut...
Walmart to increase some prices due to Trump tariffs
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesPrice increases are coming soon to a Walmart near you.On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known...
Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion
Dick's Sporting Goods said Thursday it plans to acquire rival Foot Locker as it looks to expand its international presence, win over a new set of consumers and corner the Nike sneaker market. Under the terms of the agreement, Dick's will use a combination of...
How unaffordable the housing market is and where it’s getting worse
Ever since the epic run on housing in the first years of the pandemic, fueled by record-low mortgage rates, the market has been plagued by low supply and high prices.Prices in March were 39% higher nationally than they were in March 2019, pre-pandemic, according to...
Why Bill Gates’ pledge to donate his money is harder than it seems
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. Microsoft co-founder Bill Gates announced one week...
Bombas taps Jason LaRose as new CEO
Bombas founder David Heath is stepping down from his role as CEO as the socks and T-shirt company looks to expand beyond its direct-to-consumer roots.Bombas President Jason LaRose, a former Under Armour and Equinox executive, will take over as the company's next CEO...
Reddit co-founder Alexis Ohanian takes stake in Chelsea FC Women
Alexis Ohanian, Principal Owner, Angel City Football Club & Los Angeles Golf Club, looks on during a conversation with Olympic sprinter Gabby Thomas during the Business of Women Sport Summit presented by Deep Blue Sports and Axios at Chelsea Factory on April 23,...
Walmart (WMT) Q1 2026 earnings
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesWalmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S. consumer and the impact of...
New York AG James sues Capital One after Trump’s CFPB drops claims
The logo for consumer lending firm Capital One Financial Corp. is seen on its headquarters in McLean, Virginia, on Jan. 20. 2023.Win Mcnamee | Getty Images News | Getty ImagesNew York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of...
Netflix ad tier has 94 million monthly active users
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November.The company and its peers have been increasingly leaning on advertising to boost the...
WBD renaming Max as HBO Max
Scene from season 3 of White Lotus.Source: HBOHBO became HBO Max became Max. Now, it will be HBO Max once more.Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago. The company announced...
Video podcasts having a moment
Jason and Travis Kelce with Dunkin Donuts on the New Heights podcast.Courtesy: WonderyAmazon's second-ever Upfronts pitch to advertisers this week featured an appearance by NFL champion brothers Jason and Travis Kelce. They weren't there to hype live football...
American Eagle withdraws 2025 guidance, says Q1 worse than expected
A customer enters an American Eagle store in Miami, Florida on April 4, 2025.Joe Raedle | Getty ImagesAmerican Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales,...
YouTube will stream NFL Week 1 game in Brazil for free
Patrick Mahomes #15 of the Kansas City Chiefs throws a pass in the first quarter against the Philadelphia Eagles during Super Bowl LIX at Caesars Superdome on February 09, 2025 in New Orleans, Louisiana. Gregory Shamus | Getty Images Sport | Getty ImagesYouTube will...
Spirit Airlines introduces extra legroom seats in push for premium
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 announced on Tuesday that it will offer new premium options for its...
Hertz shares plummet after weak Q1, $250 million stock offering
DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering.Hertz shares were off more than 20% during early morning trading before leveling to be off...
GM unveils new EV battery tech, aims to be first to market
General Motors battery technician Steven Petty Jr. focuses on aligning electrodes on an anode sample for a prototype LMR battery cell in the making. Photo by Steve Fecht for General MotorsWARREN, Mich. — General Motors expects to pioneer a new "groundbreaking" EV...
ESPN's new all-access streaming app will cost $29.99 per month
ESPN will charge $29.99 per month for its full-service streaming product, or $35.99 per month when bundled with Disney+ and Hulu ad tiers.
UnitedHealth Group CEO Andrew Witty steps down
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...
Toyota redesigns bZ4x, its only U.S. EV, as 2026 bZ
Toyota Motor on Tuesday revealed a redesigned version of its sole all-electric vehicle in the U.S., with a simplified name and notable increases in EV technologies and capabilities.The new name for the EV for the 2026 model year is the "bZ," cut down from the "bZ4X."...
McDonald’s announces plans to hire 375,000 workers with Trump Labor secretary
The logo of McDonald's (MCD) is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald's on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer.While McDonald's has long...
Trump most favored nations drug price executive order: What to know
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesPresident...
Toy stocks rally after levies slashed
Toys made by Mattel, Hasbro and others are seen at a Macy's store in New York.Staff | ReutersShares of major toy makers rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.The agreement will pause most tariffs and other trade barriers for 90...
FAA launches Newark airport task force with Verizon, L3Harris execs
U.S. Transportation Secretary Sean Duffy speaks to reporters during a news conference on Newark Liberty International Airport at the Department of Transportation Headquarters on May 12, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesThe Trump administration on...
NBC taps Michael Jordan as NBA contributor
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, walks the grid prior to the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway in Homestead, Florida, on Oct. 27, 2024.James Gilbert | Getty Images Sport | Getty ImagesNBC is adding...
GM hires ex-Tesla, Aurora exec Sterling Anderson as chief product officer
The 2026 Cadillac Vistiq EV.CadillacDETROIT — General Motors has hired Sterling Anderson, a former Tesla executive and co-founder of autonomous vehicle company Aurora Innovation, as its chief product officer.In the newly created position, Anderson will oversee the...
Fox One streaming service to launch before NFL season
Marquee at the main entrance to the FOX News Headquarters at NewsCorp Building in Manhattan. Erik Mcgregor | Lightrocket | Getty ImagesFox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the National Football League season...
Trump to sign most favored nation drug pricing order
US President Donald Trump participates in a celebration of military mothers in the East Room of the White House in Washington, DC, on May 8, 2025. Jim Watson | AFP | Getty ImagesPresident Donald Trump on Monday will revive a controversial policy that aims to slash...
Walgreens doubles down on robots to fill prescriptions amid turnaround
A robotic arm fills prescriptions at a Walgreens' micro-fulfillment center.Courtesy: WalgreensAs struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. The company is expanding the number of retail stores served by its...
Trump trade war brings renewed importance
Michelle Monaghan, Leslie Bibb, and Carrie Coon in 'The White Lotus' on HBO. Courtesy: Fabio Lovino | HBOMedia companies are staring down widespread economic uncertainty as their annual pitch to advertisers and marketers kicks off.This week legacy entertainment giants...
Rare platinum Rolex heads to auction, could fetch $1.7 million
A rare 1999 platinum Rolex Daytona featuring a mother-of-pearl dial with diamond hour markers — one of only four known to exist.Courtesy of Sotheby'sA legendary timepiece is about to step into the spotlight.A 1999 platinum Rolex Daytona is heading to auction on Sunday...
ESPN flagship streaming app to be named ‘ESPN,’ sources say
A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024.Wes Hale | UFL | Getty ImagesAt long last, ESPN has chosen a name for its upcoming all-access streaming service.Ready?It's "ESPN."Disney's sports media...
Newark air traffic controllers lost contact with planes overnight
A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers who guide planes in and out of Newark Liberty...
Something ‘striking’ is happening with apartment renters
Renting has its benefits. It's usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That's why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now.The low...
Teal Health at-home cervical cancer screening test wins FDA approval
The Food and Drug Administration on Friday approved the first-ever at-home test for cervical cancer screening, developed by San Francisco-based startup Teal Health.The company began developing the prototype for its Teal Wand just over five years ago. The concept was...
Art market offers investors ‘escape’ from volatile stocks
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. The art market is about to face its biggest test...
Ferrero changes Nutella, Ferrero Rocher in U.S. market
Containers of Nutella hazelnut spread made by the Ferrero company is displayed on March 27, 2024 in San Anselmo, California. Justin Sullivan | Getty Images News | Getty ImagesFerrero North America is adding peanuts to its Nutella, turning its Ferrero Rocher spheres...
Bill Gates doubles giving to $200 billion, ‘virtually all’ his wealth
Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission's Berlaymont headquarters in Brussels on October 11, 2023.Simon Wohlfahrt | Afp | Getty ImagesBillionaire Bill Gates announced on Thursday that he...
Krispy Kreme stock plunges after McDonald’s rollout pause
Justin Sullivan | Getty Images News | Getty ImagesKrispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is "reassessing" its rollout with McDonald's and pulled its full-year outlook in part due to economic "softness."Krispy Kreme is not...
Family offices bet on AI even as deals slow
Jack Hidary, CEO of SandboxAQCourtesy of SandboxAQA 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...
Restaurant Brands International (QSR) Q1 2025 earnings
A Burger King restaurant is seen on October 25, 2024 in New York City. Michael M. Santiago | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts' expectations as same-store sales of Popeyes, Burger King...
Soccer fandom to improve maternal health
Mother's Day on Sunday marks the launch of an innovative program to improve maternal health by harnessing the power of soccer fandom.The World Health Organization says maternal mortality is unacceptably high. More than 700 women died every day in 2023 from preventable...
March Madness drags down first-quarter results
Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA's college basketball tournament weighed on overall first-quarter results for FanDuel's parent company. The global sports and online gambling platform reported first-quarter adjusted earnings per...
Saudi fund deepens investment in women’s professional golf
PIF will become the title sponsor of revamped golf series.Severn ImagesSaudi Arabia is deepening its investment in women's professional golf.The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, announced on Wednesday that it will become the title...
Carvana (CVNA) earnings Q1 2025
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesDETROIT — Carvana's first-quarter results easily topped Wall Street's expectations as the company reported record sales driven by higher-than-expected...
Why U.S. air traffic control is under strain
An airport control tower is seen at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers have been under strain for years, but a 90-second equipment failure last week exposed how decades of...
Netflix adds OpenAI-powered search tool to revamped homepage and app
Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search.Courtesy: NetflixNetflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier...
Used vehicle prices jump to highest level since 2023 amid auto tariffs
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed...
Banks keep high rates inspired by now-dead CFPB rule
The New York Stock Exchange is seen during morning trading on July 31, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesLast year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a...
Disney Abu Dhabi theme park and resort coming
A new Disney theme park is coming to Abu Dhabi.The Walt Disney company announced Wednesday that it has reached an agreement with immersive destination and experiences company Miral to bring a park and resort to Yas Island in the United Arab Emirates.This will be...
Comcast SpinCo chooses corporate name Versant
Comcast's spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker.The new company chose Versant (pronounced like the root of the word...
Former LPGA golfer Michelle Wie West invests in Togethxr
Former LPGA golf star Michelle Wie West is taking on a bigger role in growing women's sports — from off the course.On Tuesday, Wie West announced she has signed on as the latest athlete investor in Togethxr, the company behind the popular "Everyone Watches Women's...
Rivian Automotive (RIVN) Q1 2025 earnings
Workers assemble second-generation R1 vehicles at electric automaker Rivian's manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersRivian Automotive on Tuesday beat Wall Street's expectations for the first quarter and confirmed its...
Disney (DIS) earnings Q2 2025
Daytime fireworks launch over Cinderella Castle during a performance of "Mickey's Magical Friendship Faire" in the Magic Kingdom at Walt Disney World, Bay Lake, Florida, April 30, 2024. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images)Orlando...
Comcast’s Xfinity Mobile gets Philadelphia arena naming rights
Igor Golovniov | Lightrocket | Getty ImagesThe Philadelphia home of the NBA's 76ers and NHL's Flyers is getting a new name.Beginning in September the sports and entertainment venue in South Philadelphia will be named the Xfinity Mobile Arena, rebranding from the...
Ferrari posts upswing in first-quarter profit, confirms 2025 guidance
The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025.Picture Alliance | Picture Alliance | Getty ImagesLuxury...
Toy manufacturing won’t come to U.S., but price hikes will
One of the goals of President Donald Trump's 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys."We don't see that happening," Mattel CEO Ynon Kreiz said on CNBC's "Squawk Box" Tuesday,...
Hispanic shoppers are spending less on groceries, pressuring companies
Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty ImagesHispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said...
Trump signs order to boost U.S. drug manufacturing
U.S. President Donald Trump speaks before signing executive orders in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025.Leah Millis | ReutersPresident Donald Trump on Monday signed an executive order to incentivize prescription drug...
Newark flight delays sparked by air traffic control failure
People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty ImagesAir traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their...
FanDuel Sports Network touts streaming subscriber growth
The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers.FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight...
Ford Motor (F) earnings Q1 2025
The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCDETROIT – Ford Motor is set to report its first-quarter earnings after the markets close Monday, but investor focus is expected to be more on the automaker's 2025...
MLS, EA agree to stream four soccer matches on EA Sports FC Mobile
Javier Hernandez, #14 of the Los Angeles Galaxy. takes a shot on goal during a game between New York Red Bulls and Los Angeles Galaxy at Dignity Health Sports Park on in Carson, California, on April 25, 2021.Michael Janosz | Getty ImagesMajor League Soccer games are...
Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%
The entrance of the Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesFootwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly...
Movie studio stocks fall after Trump proposes foreign film tariff
The famed Hollywood sign is viewed on September 25, 2023 in Los Angeles, California. Mario Tama | Getty ImagesInvestors in Hollywood's top studios and streaming services were spooked Monday after President Donald Trump proposed implementing a 100% tariff on movies...
MLS sponsorships spike as U.S. soccer gains popularity
Lionel Messi #10 of Inter Miami shoots during the first half against the Columbus Crew at Huntington Bank Field on April 19, 2025 in Cleveland, Ohio. Miami defeated Columbus 1-0. Jason Miller | Getty Images Sport | Getty ImagesThe rising popularity of soccer in the...
Inside GM’s battle to revive Cadillac as the American luxury car brand
The "Saarinen Lobby" inside General Motors' global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan.GMWARREN, Mich. — Walking into General Motors' global design headquarters is like taking a step back in time. Much of the...
Retailers urge shoppers to buy before Trump tariffs raise prices
Retailers bracing for consumer spending to drop are using President Donald Trump's trade war as a marketing strategy, urging consumers to buy now before tariffs lead to price increases or potential shortages. A host of private and direct-to-consumer brands such as...
Trump China tariffs hit wedding dresses and bridal shops
Denise Buzy-Pucheu, founder and owner of The Persnickety Bride, said steep tariffs on imports from China are hurting U.S. businesses, including bridal shops and wedding dress designers. Some of the brands she carries have added a tariff surcharge.Courtesy of The...
Nike, Adidas and other footwear giants ask Trump for tariff exemption
A man shops for shoes at a Nike outlet store in Los Angeles, California on April 10, 2025.Frederic J. Brown | Afp | Getty ImagesAmerica's largest shoe brands are asking President Donald Trump for a tariff reprieve.The Footwear Distributors and Retailers of America...
United Airlines blames FAA for hundreds of Newark flight disruptions
United Airlines airplanes proceed to a runway at Newark Liberty International Airport on Feb. 20, 2025, in Newark, New Jersey.Gary Hershorn | Corbis News | Getty ImagesUnited Airlines passengers faced hourslong delays again Friday as air traffic controller staffing...
American Airlines debuts new suites with sliding doors
American Airlines seat for its new Flagship Suite seatsTKTKAmerican Airlines' new suites with sliding doors are set to start flying on some of its planes in June, a key part of its strategy to compete against more profitable rivals for high-spending customers.American...
Netflix stock trading at all-time highs in unprecedented win streak
Netflix is on a winning streak.The streaming giant's stock has traded for 11 straight days without a decline, the company's longest positive run ever.Stock Chart IconStock chart iconNetflix stock since April 17.Its previous record was a nine-day stretch in late 2018...
Churchill Downs CEO sees strong demand despite uncertainty
The 151st running of the Kentucky Derby is set for Saturday amid a backdrop of global economic uncertainty, waning consumer confidence and tariffs that could cause construction costs to rise.Churchill Downs has paused a $900 million capital improvement project at its...
Amazon MGM Studios set to fill a gap in Hollywood’s movie slate
Cast of the Amazon MGM Studios CinemaCon 2025 seen at the Amazon MGM Studios CinemaCon 2025 presentation at The Colosseum at Caesars Palace on April 02, 2025 in Las Vegas, Nevada. Stewart Cook | Getty Images Entertainment | Getty ImagesTech is saving Hollywood —...
L3 Harris redoing Qatari jet as potential Air Force One after Boeing delays
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....
How horse owners invest and potentially earn millions
Mystik Dan #3, ridden by jockey Brian J. Hernandez Jr. (R), crosses the finish line ahead of Sierra Leone #2, ridden by jockey Tyler Gaffalione and Forever Young, ridden by jockey Ryusei Sakai to win the 150th running of the Kentucky Derby at Churchill Downs on May...
Automakers see strong April sales increases amid tariff fear-buying
The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCDETROIT — Automakers such as Ford Motor, Hyundai Motor and Kia on Thursday reported significant year-over-year U.S. sales increases in April, as consumers rushed...
Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz US International factory in Vance, Alabama on June 8, 2017. Andrew Caballero-Reynolds | AFP | Getty ImagesMercedes-Benz on Thursday said it will add a new vehicle to...
Eli Lilly CEO David Ricks discusses Trump pharmaceutical tariffs
CEO of Eli Lilly and Company David Ricks speaks at the Economic Club of New York on March 12, 2024 in New York City. Spencer Platt | Getty ImagesEli Lilly CEO Dave Ricks on Thursday said the drugmaker can help "respond" to national security concerns around cheaper...
Billionaire Lukas Walton picks new CIO for his family office
Noelle Laing, chief investment officer of Builders Vision.Courtesy of Builders VisionA version of this article 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...
CVS Health (CVS) earnings Q1 2025
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.Jakub Porzycki | Nurphoto | Getty ImagesCVS Health on Thursday reported first-quarter earnings and revenue that topped estimates and hiked its guidance, as its troubled insurance business showed...
GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCDETROIT – General Motors on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President...
Eli Lilly (LLY) earnings Q1 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 reported first-quarter revenue and earnings that topped estimates as demand for...
CVS to boost access to weight loss drug Wegovy for Caremark patients
The "Wegovy" brand slimming syringe is sold in the Achat pharmacy in Mitte. The "Wegovy" slimming syringe has been available in Germany for a year.Jens Kalaene | Picture Alliance | Getty ImagesCVS Health on Thursday said it will significantly expand access to the...
McDonald’s (MCD) Q1 2025 earnings
The logo of McDonald's (MCD) is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald's is expected to report its first-quarter earnings before the bell on Thursday.Here's what Wall Street analysts surveyed by LSEG are expecting the company to...
Ford CEO says Trump’s tariff changes are helpful, but still not enough
Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025.Michael Wayland | CNBCLOUISVILLE, Kentucky – President Donald Trump's reprieve for automotive parts tariffs is helpful, but more changes are...
RFK Jr. cuts jobs at minority health offices at HHS
Employees of the Department of Health and Human Services (HHS) stand outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control and Prevention and at the Food and Drug...
Dollar General stock performance among best of Trump’s first 100 days
The Dollar General in Snow Hill, Maryland on April 2, 2024.Deb Lindsey | The Washington Post | Getty ImagesDollar General is among the best-performing stocks in the first 100 days of President Donald Trump's second term.Since Trump's Jan. 20 inauguration, shares of...
Yum Brands (YUM) Q1 2025 earnings
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas. Pizza Hut's third-quarter revenue fell short of analysts' expectations for same-store sales. Brandon Bell | Getty ImagesYum Brands on Wednesday reported mixed quarterly results as Pizza Hut's same-store...
GLP-1s can help employers lower medical costs in 2 years: study
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro.Picture Alliance | Getty ImagesThe growing demand for diabetes and weight loss drugs like Mounjaro, Ozempic and Wegovy has helped fuel higher health costs for large employers. For many, the big question is...
Oddity Tech (ODD) earnings Q1 2025
As the retail industry braces for profits to take a hit from tariffs, Oddity Tech is bucking the trend and raising its outlook after another quarter of outsized growth, the company said Tuesday. The beauty and tech retailer behind Il Makiage and Spoiled Child hiked...
Trump signs order easing some auto tariffs
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — President Donald Trump on Tuesday...
Starbucks (SBUX) Q2 2025 earnings
A pedestrian holds a Starbucks cup in Sacramento, California, on April 28, 2025.David Paul Morris | Bloomberg | Getty ImagesStarbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG...
JetBlue to partner with a U.S. airline in coming weeks, president says
JetBlue Airways ranked no. 1 in customer satisfaction for best in first and business class.Aaronp/bauer-griffin | Gc Images | Getty ImagesJetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks,...
Trump tariff uncertainty is deterring U.S. investment
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 CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump's planned...
United Airlines grows highest-end Polaris airport lounge by 50%
United Airlines Polaris lounge in ChicagoUnited AirlinesUnited Airlines' top-tier airport lounge reopened in Chicago on Tuesday, featuring a 50% larger space and Crate & Barrel furnishings as carriers' battle for higher-spending customers becomes more crucial.The...
Novo Nordisk opens Wegovy to telehealth in push for new patients
The "Wegovy" brand slimming syringe is sold in the Achat pharmacy in Mitte. The "Wegovy" slimming syringe has been available in Germany for a year.Jens Kalaene | Picture Alliance | Getty ImagesNovo Nordisk on Tuesday said it will offer its weight loss drug Wegovy...
Pfizer (PFE) earnings Q1 2025
The Pfizer logo is seen outside the pharmaceutical company’s manufacturing plant, in Newbridge, Ireland February 10, 2025. Clodagh Kilcoyne | ReutersPfizer on Tuesday expanded its cost-cutting efforts and reported first-quarter profit that topped estimates, even as...
SoFi CEO says fintech bank is bringing back crypto investing
Anthony Noto, CEO of SoFi.Adam Jeffery | CNBCSoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing after a "fundamental shift" in the regulatory landscape under the Trump administration.SoFi was forced to drop crypto investing in late...
Donald Trump Jr. co-founds private members club Executive Branch
A new private membership club in Washington, D.C., co-founded by Donald Trump Jr., is charging a $500,000 membership fee — and there's already a waiting list.The club, called Executive Branch, held a launch party on Saturday night that included at least a half dozen...
General Motors (GM) earnings Q1 2025
GMC trucks are displayed at Hanlees Hilltop GMC in Richmond, California, on Jan. 28, 2025.Justin Sullivan | Getty ImagesDETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday, but investors are more likely to focus on the...
NFL Washington Commanders return to D.C. in $3.7 billion deal
A detail view of a Washington Commanders helmet on the field during a game against the Los Angeles Rams at SoFi Stadium on December 17, 2023 in Inglewood, California.Ric Tapia | Getty ImagesThe Washington Commanders are headed back to the District of Columbia.The NFL...
Wealthy consumers up spending while the rest of America cuts back
Shoppers walk through the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025.Rachel...
Temu adds ‘import charges’ after Trump tariffs
Jaque Silva | Nurphoto | Getty ImagesChinese e-tailer Temu has started adding "import charges" of about 145% in response to President Donald Trump's tariffs.The fees, which began cropping up over the weekend after price hikes went into effect on Friday, cost more than...
Corporate sponsors are backing away from LGBTQ+ Pride organizations
Revelers attend the annual LGBTQ+ Capital Pride parade in Washington D.C., U.S., June 8, 2024.Leah Millis | ReutersCompanies that were once loud and proud in supporting LGBTQ+ community celebrations are pulling back.LGBTQ+ Pride festivals across the country have faced...
Plane tickets are getting cheaper as domestic travel demand weakens
Is a recession brewing in row 33?Airline CEOs this month warned Wall Street that passengers' appetite for domestic trips is coming in lighter than they had hoped when they set forecasts high at the start of 2025.On a series of earnings calls, they said the reasons...
More Americans buy groceries with buy now, pay later loans
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesA growing number of Americans are using buy now, pay later loans to buy groceries, and more people are paying those bills late, according to new...
Car purchases rise, consumer spending slows
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas.Brandon Bell | Getty ImagesAt car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers...
Trade war is opportunity for Latin America
MercadoLibre CEO Marcos GalperinCNBCThe CEO of Argentina's MercadoLibre — often called the Amazon of Latin America — sees big opportunity for Latin America in the U.S.-China trade war."If Latin America plays its cards well, I think could benefit from this volatility,"...
Private jet demand declines as tariffs spook would-be buyers
A Cessna Citation jet aircraft is viewed at Charles M. Schulz Sonoma County Airport in this aerial photo taken on June 1, 2021, near Healdsburg, California.George Rose | Getty ImagesWith consumer confidence tumbling, demand for commercial air travel has waned. Even...
Novo Nordisk legal win bars many compounded Wegovy, Ozempic drugs
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus...
As Trump targets nonprofits, wealthy donors wary of stepping up giving
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. Wealthy philanthropists are grappling with a new...
American liquor exports hit record high in 2024, driven by tariffs
FILE PHOTO: Workers package bottles of Jack Daniel's Single Barrel Select Tennessee Whiskey at the company's distillery in Lynchburg, Tennessee, U.S., on Tuesday, May 18, 2021.Luke Sharrett | Bloomberg | Getty ImagesU.S. spirit exports reached a record $2.4 billion in...
Pepsi, Chipotle, P&G cut earnings forecasts
A Chipotle store stands in the Bronx on April 23, 2025 in New York City.Spencer Platt | Getty ImagesFrom Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an...
Hasbro China tariffs could cause up to $300 million impact
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023.Brandon Bell | Getty ImagesIf President Donald Trump's 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom...
March home sales drop to slowest pace since 2009
A "For Sale" sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | ReutersHigher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market.Sales of previously owned homes in March...
Merck (MRK) earnings report Q1 2025
Nurphoto | Nurphoto | Getty ImagesMerck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal.The company now expects its 2025 adjusted earnings to come in between $8.82 and $8.97, down...
Bristol Myers Squibb (BMY) earnings Q1 2025
FILE PHOTO: 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 beat first-quarter estimates and hiked its revenue and...
American Airlines (AAL) 1Q 2025 earnings
American Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year."We came off a strong fourth quarter, saw decent...
Procter & Gamble (PG) Q3 2025 earnings
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble on Thursday reported mixed quarterly results as demand for its products fell.The company, which owns Tide and Charmin, also slashed its full-year forecast for...
Comcast (CMCSA) earnings Q1 2025
Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)Justin Sullivan | Getty ImagesComcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers...
PepsiCo (PEP) Q1 2025 earnings
Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City. Spencer Platt | Getty ImagesPepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America.The food and beverage giant also cut...
Alaska Air (ALK) 1Q 2025 earnings
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024.Stephen Brashear| Bloomberg | Getty ImagesAlaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the...
Southwest Airlines (LUV) earnings Q1 2025
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025.Kevin Carter | Getty Images News | Getty ImagesSouthwest Airlines said Wednesday that it will reduce its capacity...
Trump considering some exemption for automakers
People work on the production line of auto parts at a carmaker in Qingdao in east China's Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty ImagesPresident Donald Trump is considering exemptions for automakers from some...
Chipotle Mexican Grill (CMG) Q1 2025 earnings
The Chipotle logo is seen in New York City on July 16, 2024.Jakub Porzycki | Nurphoto | Getty ImagesChipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Wednesday.Here's what Wall Street analysts surveyed by LSEG are expecting the...
Ford launches exclusive experience program for its priciest pickups
Ford is launching a program that aims to give its "Platinum Plus" pickup truck customers a more curated, exclusive experience.Michael Wayland / CNBCDEARBORN, Mich. — Ford Motor is launching a program that aims to give its most premium pickup truck customers a more...
International tourists to U.S. fall, but Americans keep going abroad
Tourists look at the Bridge of Sighs in Venice, Italy, on Aug. 25, 2021.Andrea Merola | Bloomberg | Getty ImagesCaroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish...
Trump inauguration donors include Meta, Amazon, Target, Delta, Ford
U.S. President Donald Trump delivers remarks at the Business Roundtable's quarterly meeting at the Business Roundtable headquarters on March 11, 2025 in Washington, DC. Andrew Harnik | Getty ImagesAmerica's richest and most powerful companies shelled out millions to...
Trump tariffs urge U.S. auto production. Here’s why that’s complicated
Ford Motor Company's electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022.Jeff Kowalsky | AFP | Getty ImagesDETROIT – When President Donald Trump hinted last week at a reprieve from 25% auto...
China stopped taking aircraft amid Trump’s trade war
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that's seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods.Bloomberg | Bloomberg | Getty ImagesBoeing could hand over...
Comcast, Charter lean into mobile service
10'000 Hours | Digitalvision | Getty ImagesCable companies are increasingly calling on mobile for their next big opportunity.The cable industry's foray into wireless has long been considered a retention tool for the behemoth broadband business. Less than a decade...
Asian American viewership sports streaming Nielsen
Los Angeles, CA, Wednesday, April 2, 2025 - Los Angeles Dodgers designated hitter Shohei Ohtani (17) celebrates as he approaches home plate after hitting a game-winning, walk off homer to beat the Atlanta Braves 6-5 at Dodger Stadium,. Robert Gauthier | Los Angeles...
Boeing (BA) Q1 2025 earnings
A Boeing 737 aircraft fuselage is pictured at the company's Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty ImagesBoeing is set to report results before the market opens on Wednesday, when Wall Street expects to see some...
Eli Lilly sues compounded Mounjaro, Zepbound providers
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 is suing four telehealth companies selling compounded versions of the pharmaceutical giant's weight loss drug Zepbound and...
WBD starts Max password-sharing crackdown
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery is taking a page out of Netflix's playbook.In an apparent move to crack down on password sharing outside the home, the company's streaming service Max has launched a new feature it is calling Extra Member...
FDA announces food dye ban
Candy is displayed for sale, as U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., along with FDA Commissioner Marty Makary, announce the FDA's intent to remove from the U.S. food supply "petroleum-based synthetic" food dyes, which are present in...
Auto groups lobby against parts duties
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan.Bill Pugliano | Getty ImagesDETROIT – Six of the top policy groups representing the U.S. automotive industry are...
NYC’s most expensive home lists for $110 million
Since launching the quadplex earlier this month, listing agent Nikki Field with Sotheby's said interest has been encouraging: "Several highly qualified individuals have already inquired and toured the residence. There's real momentum."Rendering provided by Sotheby's...
RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE's aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil.YASUYOSHI CHIBA | AFP | Getty ImagesRTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump's...
Andre Agassi to play first pro pickleball tournament
Andre Agassi will make his professional pickleball debut with 18-year-old world No. 1 player, Anna Leigh Waters.Courtesy of Andre Agassi and Anna Leigh Waters.Tennis legend Andre Agassi is joining the pro pickleball ranks.The former No. 1 ranked tennis player told...
Fruitist berry startup worth $1 billion, backed by Ray Dalio office
Sales of Fruitist's jumbo blueberries have tripled over the last 12 months, according to the company.Source: FruitistBerry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries.The company,...
Chipotle to expand in Mexico amid Trump tariffs
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty ImagesChipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.The...
Rich Americans opening Swiss bank accounts fearing U.S. risks
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. A growing number of wealthy Americans are opening...
Canadian small businesses are taking Trump’s tariffs personally
Close-up of 'Shop Canadian' poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025.Artur Widak | Nurphoto | Getty ImagesJust across the U.S.-Canada border, some small businesses are taking tariffs personally.President Donald Trump has...
Netflix maintained its 2025 guidance. There’s a catch
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023.Joan Cros | Nurphoto | Getty ImagesNetflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its...
Harvard’s battle with Trump creates thorny financial situation
Harvard University's Dunster House in Cambridge, Massachusetts.Blake Nissen for The Boston Globe via Getty ImagesHarvard's brewing conflict with the Trump administration could come at a steep cost — even for the nation's richest university.On April 14, Harvard...
IRS staff cuts mean fewer audits of the wealthy
People walk in the rain past the Internal Revenue Service (IRS) building in Washington, D.C., U.S., April 11, 2025. Jonathan Ernst | ReutersA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the...
American Express cardholders still spending despite Trump tariffs
American Express's affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC.Billed business on AmEx cards rose 6% in the...
(CHA) starts trading on the Nasdaq
People are shopping at a CHAGEE store in Shanghai, China, on October 18, 2023. Costfoto | Nurphoto | Getty ImagesShares of Chinese tea chain Chagee soared 30% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between...
Netflix (NFLX) earnings Q1 2025
Beata Zawrzel | Nurphoto | Getty ImagesNetflix is due to report first-quarter earnings after the closing bell Thursday.The report marks the first time that the streaming giant isn't disclosing quarterly subscriber data as it shifts its strategy to focus on revenue and...
UnitedHealth’s guidance cut may mean trouble for more insurers
The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020.Mike Blake | ReutersUnitedHealth Group's stock sank 20% on Thursday after the company slashed its annual profit forecast, citing...
Eli Lilly weight loss pill orforglipron clears first late-stage trial
Eli Lilly on Thursday said its daily obesity pill met the company's goals in the first of several late-stage trials, helping patients with Type 2 diabetes lower their blood sugar and body weight and showing safety comparable with popular injections on the market. The...
Target CEO to meet with Al Sharpton after DEI-rollback
People walk past Target Store in Midtown Manhattan on March 6, 2025 in New York City, United States. Mostafa Bassim | Anadolu | Getty ImagesTarget CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and...
Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersNissan Motor's new Americas leader said the automaker is aiming to "max out" production at its largest American production plant...
Medical product manufacturers are divided over Trump’s tariffs
President Donald Trump's tariffs are creating a divide in the medical community.Medical devices and protective gear made in China, Mexico and Canada were exempt from duties during the first Trump administration, but so far have not gotten a reprieve from his newest...
Tariffs have generated $500 million since April 5
Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany.Sean Gallup | Getty Images News | Getty ImagesU.S. Customs and Border Protection appears to be...
Wall Street trading revenue boosted by Trump policy volatility
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersWall Street banks just posted their biggest-ever haul from stock trading...
Heineken raises concerns during earnings
Imported beer, including Heineken, for sale at a store in New York City on April 10, 2025. Timothy A. Clary | Afp | Getty ImagesHeineken shrugged off the threat of tariffs earlier this year, but now the company is raising more concerns about potential disruptions to...
Proposed SNAP cuts could pressure low-income shoppers and retailers
Shoppers at the Walmart Supercenter in Burbank in Burbank Thursday, Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesFor millions of low-income Americans — already rattled by the threat of tariffs and higher prices — changes to a program that helps...
JPMorgan Chase infinite money glitch: Bank sues more customers
A person uses an ATM at a Chase bank in New York City on November 19, 2024. Charly Triballeau | AFP | Getty ImagesJPMorgan Chase this week began suing more customers it has accused of stealing funds from the nation's largest bank in last year's so-called "infinite...
U.S. vehicle supply falls amid tariff fear-buying
Brand new KIA cars are displayed on the sales lot at Serramonte Kia on March 26, 2025 in Colma, California. Justin Sullivan | Getty ImagesDETROIT – Supplies of new and used vehicles for sale in the U.S. are declining rapidly as consumers flock to purchase cars and...
United Airlines (UAL) Q1 2025 earnings
A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025.Charly Triballeau | Afp | Getty ImagesUnited Airlines maintained its...
Universal’s Epic Universe park to generate billions for Florida
The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025. Epic Universe, the $7 billion attraction from Comcast Corp.'s Universal Destinations & Experiences division, offers five distinct lands and opens to the public...
Citigroup (C) earnings Q1 2025
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty...
American Airlines to make Wi-Fi free on most of its fleet in 2026
An American Airlines plane on the runway at Miami International Airport in Miami, Florida, on Oct. 25, 2024.Joe Raedle | Getty ImagesAmerican Airlines plans to offer Wi-Fi for free starting in January as more carriers opt for complimentary internet service for their...
Bank of America (BAC) earnings Q1 2025
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024. Jeenah Moon | Bloomberg | Getty ImagesBank of America is scheduled to report first-quarter earnings before the...
Auto stocks rise as Trump says he wants to ‘help’ some car companies
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersDETROIT — Shares of automakers jumped during midday trading Monday...
Airlines bank on splurging vacationers as clouds form on economy
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022.AaronP | Bauer-Griffin | GC Images | Getty ImagesAirlines have a bird's eye view of the economy, and CEOs are seeing clouds.Delta Air Lines and Frontier Airlines pulled their 2025...
Pfizer scraps daily weight loss pill danuglipron after a liver injury
Kena Betancur | Corbis News | Getty ImagesPfizer on Monday said it would end development of its experimental daily weight loss pill after a patient experienced a liver injury that was potentially caused by the drug in a trial. The patient did not experience any...
Goldman Sachs (GS) earnings Q1 2025
David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023.Win Mcnamee | Getty ImagesGoldman Sachs is scheduled to report first-quarter earnings before the opening...
Sports teams adopt tactile tech for blind and low-vision fans
Jordan Moon (left) and Macaulay Beasley (right) use OneCourt tablets at the Phoenix Suns vs. Minnesota Timberwolves game in Phoenix on March 2.Courtesy: Phoenix SunsDuring a break at the March 2 game between the NBA's Phoenix Suns and Minnesota Timberwolves, a player...
Auto tariffs expected to cut sales by millions, cost $100 billion
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 — As President Donald Trump's 25%...
Real ID deadline is May 7. Here’s what to know before you fly
Homeland Security sign for REAL ID at entrance to passenger TSA security area, West Palm Beach, Florida.Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesTravelers take note: The federal government says it will start enforcing Real ID requirements at U.S....
GM cutting jobs, idling Canadian electric van plant
Brightdrop EV600 vanSource: BrightdropDETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year.The plant will be reduced from two shifts to one shift —...
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That's the highest rate since mid-February.Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week...
Mattel, Hasbro stocks sink after Trump’s China tariffs
Toys made by Mattel, Hasbro and others are seen at a Macy's store in New York.Staff | ReutersThere's trouble in Toyland.Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump's escalated trade war with China.On Friday, Mattel shares hit...
Hollywood Chinese box office was in decline even before Trump tariffs
Posters of film 'Despicable Me 4', film 'Stand By Me' and film 'A Legend' are displayed at the entrance of a cinema on July 16, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesHollywood is being pulled into President Donald Trump's trade war.After Trump...
Trump pharmaceutical tariffs may raise costs, worsen drug shortages
A pharmacist collects medications for prescriptions at a pharmacy.Simon Dawson | Bloomberg | Getty ImagesPresident Donald Trump's planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some...
New York is the richest city. Here’s who is gaining ground
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. Despite the recurring narrative of wealth flight, New...
Jamie Dimon expects S&P 500 earnings estimates to fall amid uncertainty
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.Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie Dimon...
Frontier Airlines cuts flights after travel demand fell in March
Frontier AirlinesNurphoto | Nurphoto | Getty ImagesFrontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an "uncertain environment."The budget airline also cut its first-quarter outlook. Frontier said...
MLB could see private equity interest as uncertainties lie ahead
A Major League Baseball logo at Angel Stadium in Anaheim, California, on May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball is increasingly drawing private equity investors as the league faces major shifts in player salaries and media rights.Private...
Morgan Stanley (MS) Q1 2025 earnings
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty ImagesMorgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global...
JPMorgan Chase (JPM) earnings Q1 2025
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report first-quarter earnings...
Wealthy load up on cash, gold, family trusts during market turmoil
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. Wealthy investors have made the best trade over the...
State Farm pleads for emergency rate hikes on California homeowners
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty ImagesState Farm is making its case this week for a major rate hike for California homeowners in a hearing...
Modelo owner Constellation says Trump immigration policy hitting beer sales
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | ReutersPresident Donald Trump's tariffs aren't the only presidential policy that is weighing on Constellation...
Trump pivot on tariffs shows Wall Street still has a seat at his table
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York City. Michael M. Santiago | Getty ImagesWith each passing day since President Donald Trump's sweeping tariff announcement last week, a growing sense of...
MLB weighs salary cap as potential 2026 lockout looms
Major League Baseball Commissioner Rob Manfred answers questions during an MLB owner's meeting at the Waldorf Astoria on February 10, 2022 in Orlando, Florida.Julio Aguilar | Getty ImagesFor decades, Major League Baseball has stood alone among the major U.S. sports...
Sam’s Club to expand stores amid Costco, BJ’s competition
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 ClubDALLAS, Texas — Walmart-owned Sam's Club plans...
Trump says pharmaceutical tariffs are coming, stocks fall
The Lilly Biotechnology Center in San Diego, California, on March 1, 2023.Mike Blake | ReutersShares of drugmakers fell on Wednesday after President Donald Trump doubled down on plans to impose tariffs on pharmaceuticals imported into the U.S. Shares of U.S.-based...
How China could crush the U.S. housing market
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.George Rose | Getty ImagesMortgage rates are rising sharply this week, as investors sell U.S. Treasury bonds at a swift pace. Mortgage rates...
How Canada’s auto tariffs differ from Trump’s
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Canada's 25% auto tariffs took effect Wednesday on U.S.-produced vehicles and many parts in American...
Walmart pulls Q1 guidance due to Trump tariffs
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesDALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of...
Delta Air Lines (DAL) 1Q 2025 earnings
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 won't expand flying in the second half of the year because of disappointing bookings amid President...
FDA guts education, training division as part of RFK Jr.’s cuts
The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of key public health, regulation and safety practices and supporting professional development for employees, CNBC has...
GM killing Cadillac XT6, extending production of XT5 in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019.Rebecca Cook | ReutersDETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while...
U.S. financial regulator says email hack exposed sensitive bank data
A pedestrian passes the seal of the Office of the Comptroller of the Currency (OCC) displayed outside the organization's headquarters in Washington, D.C., U.S., on Wednesday, March 20, 2019.Andrew Harrer | Bloomberg | Getty ImagesThe Office of the Comptroller of the...
Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the...
‘Minecraft’ box office jolt offers hope for the summer slate
Jack Black, Jason Momoa, and Sebastian Hansen as seen in Warner Bros. and Legendary Entertainment's "A Minecraft Movie."Warner Bros.Warner Bros.' struck gold over the weekend."A Minecraft Movie," the studio's co-production with Legendary Entertainment, snapped up $163...
Walgreens (WBA) earnings Q2 2025
A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025.Angela Weiss | AFP | Getty ImagesWalgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant...
Fake job seekers use AI to interview for remote jobs, tech CEOs say
An image provided by Pindrop Security shows a fake job candidate the company dubbed "Ivan X," a scammer using deepfake AI technology to mask his face, according to Pindrop CEO Vijay Balasubramaniyan.Courtesy: Pindrop SecurityWhen voice authentication startup Pindrop...
Walmart+ memberships boost sales amid Trump tariffs, recession fears
Shoppers at the Walmart Supercenter in Burbank during Walmart's multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesAs tariffs roil the U.S. economy, Walmart may find safety in a new part of its...
GM reveals Corvette EV concept car as it reconfirms Europe commitment
An angle view of the new Chevrolet Corvette concept car.GMDETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England.The car features a sleek, aerodynamic exterior that...
Auto sales are on a ‘roller coaster ride’ as tariffs take effect
DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump's 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive.The automotive data and advisory firm expects the...
Recession fears hit Starbucks, Chipotle, McDonald’s stocks
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike BlakeMike Blake | ReutersRestaurant stocks fell in morning trading Monday, fueled by investors' fears that a recession is coming.U.S. stocks...
Airlines expected to cut 2025 outlooks as travel demand falters
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024.Joan Valls | Nurphoto | Getty ImagesWaning travel from Canada. Signs of weaker demand across the Atlantic. Mass government layoffs. Tariffs. Consumers...
Spirit Airlines CEO Ted Christie steps down
A Spirit Airlines aircraft prepares to depart from the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas.Brandon Bell | Getty ImagesTed Christie, CEO of Spirit Airlines, is stepping down from his role leading the embattled carrier, effective...
Jamie Dimon says Trump tariffs will boost inflation, slow U.S. economy
Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last...
CMS makes job cuts as RKF Jr. guts HHS
An aerial of the Centers for Medicare & Medicaid Services building on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe Centers for Medicare & Medicaid Services has slashed jobs from its minority health office and other divisions, CNBC...
Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Trucks are shown from a drone view after clearing U.S. Customs and entering the United States from Tijuana along the U.S. Mexico border at Otay Mesa port in San Diego, California, U.S. April 2, 2025. Mike Blake | ReutersDETROIT — As President Donald Trump's 25%...
Toy prices could jump 50% following Trump’s tariffs on China, Vietnam
The toy aisle is about to get more expensive.President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two...
Tariffs drive up the cost of airplanes, the United States’ star export
The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing's 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersPresident Donald Trump's sweeping tariffs are set to drive up the cost of Boeing and Airbus...
Family offices pause dealmaking in March on trade war fears
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 investment firms of the ultra-rich dialed...
Banana, coffee, toilet paper prices could rise
A customer shops for produce at an H-E-B grocery store in Austin, Texas, on Feb. 12, 2025.Brandon Bell | Getty ImagesShoppers will likely pay more for coffee, bananas, vanilla and toilet paper over the coming weeks as the Trump administration's new tariffs go into...
Southwest’s bag fees and other changes could backfire, Fitch warns
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images)John J. Kim | Chicago Tribune | Getty ImagesSouthwest Airlines' new policies such as charging for checked bags for the...
Mortgage rates tumble on tariffs, but housing costs still high
Mortgage rates fell sharply Thursday following the Trump administration's tariff announcement. The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October.The...
Family offices are moving money out of the U.S. on tariff, economic fears
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. At his Singapore-based family office, Srihari Kumar...
Trump’s 25% auto tariffs are in effect. What investors need to know
Vehicles seen on the lot of a Ford auto dealership in Montebello, California on April 1, 2025.Frederic J. Brown | Afp | Getty ImagesDETROIT — President Donald Trump's 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on...
Stellantis idles plants in Mexico and Canada due to tariffs
The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump's new...
Trump tariffs on Vietnam could raise prices for shoes, furniture, toys
File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Nhac Nguyen | Afp | Getty ImagesRetailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production...
Trump puts tariffs on canned beer imports
Aluminum cans wait to be filled with craft beer during a production run at Black Plague Brewery in Oceanside, California, U.S., March 14, 2025. Mike Blake | ReutersThe Trump administration will implement a 25% tariff of all imported canned beer and empty aluminum cans...
Trump tariffs news: Advertisers look for flexibility
Brands and advertisers are seeking flexible terms as they face uncertainty about how impending U.S. tariffs will affect their businesses.The push for more lenient agreements, in which companies could pivot budgets quickly or shift their focus to different types of...
Emma Hayes USWNT coach discusses growth of soccer
Emma Hayes is on a mission to reinvigorate women's professional soccer in the United States.Hayes was hired as head coach of the U.S. women's national team in June after a disappointing few years for the squad as it dealt with an aging lineup, coaching instability,...
Manhattan luxury real estate market has best first quarter since 2019
People walk by a view of residential luxury towers along nicknamed Billionaires Row, a stretch of 57th Street that holds the majority of Manhattan’s supertall luxury towers on May 16, 2022 in New York City. Spencer Platt | Getty Images News | Getty ImagesManhattan...
UFC signs sponsorship deal with Mark Zuckerberg’s Meta
UFC CEO Dana White, left, and Meta CEO Mark Zuckerberg attend the UFC 300 event at T-Mobile Arena in Las Vegas, Nevada, April 13, 2024.Jeff Bottari | Ufc | Getty ImagesTKO Group's UFC has struck a multimillion-dollar, multiple-year partnership deal with Meta that will...
United Airlines adds Thailand, Vietnam and Australia flights
A Boeing 787 Dreamliner operated by United Airlines takes off at Los Angeles International Airport (LAX) on January 9, 2013 in Los Angeles, California.David McNew | Getty ImagesUnited Airlines plans to add daily flights to Vietnam and Thailand in October, further...
QVC is betting on TikTok to help revive its live shopping business
FILE PHOTO: Signage is displayed at the entrance to the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Brendan McDermid | ReutersQVC Group is launching the first-ever nonstop live shopping streams on TikTok in the U.S. in a bid to revive its...
Tequila maker says tariffs won’t affect prices. Here’s why
Suerte Tequila's dedicated factory and agave farm in Jalisco Mexico.Courtesy: Suerte TequilaWhile some tequila makers have warned they might have to implement price hikes to offset tariffs, Colorado-based Suerte Tequila said it has been able to keep overhead prices...
Boeing CEO faces Senate hearing on plane maker’s recovery
Kelly Ortberg, CEO of Boeing, speaking on CNBC's Squawk Box on Jan. 28th, 2025.CNBCBoeing CEO Kelly Ortberg will testify in front of a Senate committee on Wednesday on the progress the plane maker has made on improving its manufacturing and safety standards after...
Ford reports slight decline in Q1 sales as industry braces for tariffs
A Ford Bronco at a Ford dealership in Richmond, California, on March 3, 2025.Bloomberg | Bloomberg | Getty ImagesFord Motor on Tuesday reported a slight decline in its first-quarter U.S. vehicle sales, as the automaker and the broader industry brace for the impacts of...
Airline stocks slide more as concerns grow over consumer travel
A Delta Air Lines Boeing 767-332(ER).Joan Valls | Nurphoto | Getty ImagesAirline stocks slid further on Tuesday as Wall Street's concerns about weaker-than-expected travel demand amid looming tariffs and a sharp drop in consumer confidence continue to weigh on the...
Newsmax stock rises after IPO
A NEWSMAX television crew member steam irons a backdrop during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Saturday, February 24, 2024.Tom Brenner | The Washington Post | The Washington Post | Getty ImagesShares of conservative...
Eli Lilly sues Strive and Empower over compounded tirzepatide
The Eli Lilly logo is shown on one of the company's offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly is suing two pharmacies for compounding Zepbound and Mounjaro, claiming the companies are skirting the Food and Drug Administration's...
Federal funding cuts raise questions about university endowments
Columbia UniversityEducation Images | Getty ImagesIn early March, the Trump administration canceled $400 million in grants and contracts to Columbia University over its handling of pro-Palestinian protests last year. The federal government sent the university a list...
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...
