Business
FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesThe Food and Drug Administration on Friday approved Eli Lilly's blockbuster weight loss drug Zepbound...
Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023.Joe Raedle | Getty ImagesParty City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report.CEO Barry Litwin told...
Fintechs are 2024’s biggest gainers among financials
Jason WilkSource: Jason WilkJason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm.It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep...
Netflix to stream FIFA Women’s World Cup in 2027, 2031
Esther Gonzalez of Spain kisses the FIFA Women's World Cup Trophy after the team's victory in the FIFA Women's World Cup Australia & New Zealand 2023 Final match between Spain and England at Stadium Australia on August 20, 2023 in Sydney / Gadigal, Australia.Alex...
What a government shutdown could mean for air travel
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty ImagesA government shutdown is looming...
CFPB sues JPMorgan Chase, Bank of America, Wells Fargo over Zelle fraud
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
Starbucks workers strike in LA, Chicago and Seattle ahead of Christmas
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty ImagesStarbucks baristas in some locations are planning to strike through Christmas...
CEO departures at U.S. companies hit a record this year
Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images)TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty ImagesRetired,...
Pro pickleball players are getting a higher salary than WNBA players
NEW YORK CITY, NY - SEPTEMBER 21: Anna Leigh Waters of the New Jersey Fives rallies the ball during a Major League Pickleball match on September 21, 2024 at Wollman Rink in New York, New York. (Photo by Andrew Mordzynski/Icon Sportswire via Getty Images)Icon...
Nike (NKE) earnings Q2 2025
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected to lay out the...
November home sales surged more than expected
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesSales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put...
Eli Lilly weight loss drug Zepbound no longer in shortage
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe Food and Drug Administration on Thursday said the active ingredient in Eli Lilly's weight loss drug Zepbound is no longer in...
Darden Restaurants (DRI) Q2 2025 earnings
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales...
Mall restaurants like Cheesecake Factory, Eataly help to draw shoppers
Editor's note: This is the third story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new retailers, experiences and even apartments. Read the first and second parts.Malls used to be the destination for...
How Vuori is taking on Lululemon
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men's shorts and couldn't get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors...
College sports valuations: Top 75 athletic programs
Ohio State Buckeyes players stand on the field after a game against the Indiana Hoosiers and the Ohio State Buckeyes on Nov. 23, 2024, at Ohio Stadium in Columbus, Ohio.Icon Sportswire | Icon Sportswire | Getty ImagesWith major college sports programs collectively...
Private equity looks to buy in to college sports
There's a mad dash for cash in college sports.Between multibillion-dollar television deals, the institution of the transfer portal and the escalation of NIL —name, image and likeness — deals for athletes, college athletic programs, particularly football, have never...
Why health insurance upsets Americans
A person holds a sign while standing on the roadside near the McDonald's restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew...
American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty ImagesThere may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history.The number of extra bedrooms, which is defined as a bedroom in excess of the number...
Stellantis further delays electric Ram pickup truck
2025 Ram 1500 Ramcharger TungstenRamDETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric...
2025 U.S. auto sales expected to be best since 2019
A sale sign is seen at car dealer Serramonte Subaru in Colma, California.Stephen Lam | ReutersDETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to...
Merck signs weight loss pill licensing deal with Hansoh Pharma
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey.Spencer Platt | Getty ImagesMerck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to...
Holiday decor spending could help retailers
Zoom In IconArrows pointing outwardsThe Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family.Courtesy: Mike MilamFor the holiday season, the front lawn of the...
Japan’s Honda and Nissan to reportedly begin merger talks
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via ReutersDETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to...
Grubhub to pay $25 million in FTC settlement over harmful practices
An App-based delivery worker waits outside of a restaurant that uses app deliveries on July 07, 2023 in New York City. Spencer Platt | Getty ImagesGrubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame...
Starbucks union authorizes strike ahead of bargaining session
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Mario Tama | Getty...
Walmart employees wearing body cameras
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has...
Unrivaled women’s basketball league closes $28 million Series A
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team's WNBA basketball game against the New York Liberty, May 23, 2024, in New York.Frank Franklin II | APStartup basketball league Unrivaled announced on Monday it's closed a...
Family offices face hidden risks in making direct investments
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices making direct investments in private...
GM’s Cruise robotaxi business is latest growth initiative to falter
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023.David Paul Morris | Bloomberg | Getty ImagesDETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending...
Why it’s getting harder to get a free first-class flight upgrade
Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018.Jeff Greenberg | Universal Images Group | Getty ImagesCheap seats aren't enough for airline passengers anymore.Since the pandemic,...
Restaurant winners and losers include McDonald’s, Chili’s, Taco Bell
A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty ImagesA rocky year for restaurants separated the industry's biggest chains into winners and losers, as eateries...
UnitedHealth Group CEO Andrew Witty addresses Brian Thompson death
Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in the Dirksen Building in Washington, D.C., on May 1, 2024.Tom...
Over $100 trillion in wealth set to be inherited
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is...
Agent Scott Boras says wasn’t just about money
Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life.On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It's the largest deal in professional sports...
Flushing Financial seeks to raise $70 million
Flushing Bank in New York City.Google EarthFlushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank's CEO, John Buran, has told potential investors that he intends to sell...
Costco (COST) earnings Q1 2025 earnings
Costco on Thursday beat Wall Street's quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture.On the membership-based warehouse club's earnings call, Chief Financial Officer Gary Millerchip said customers...
WBD announces restructuring into linear, streaming units
President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Michael Tran | Afp | Getty ImagesWarner Bros. Discovery on Thursday announced a restructuring plan...
Federal Aviation Administration head Michael Whitaker to step down
Federal Aviation Administration Administrator Mike Whitaker listens to a question during a news conference on the FAA's work to hold Boeing accountable for safety and production quality issues, at the Federal Aviation Administration Headquarters on May 30, 2024 in...
CFPB announces rule limiting bank overdraft fees
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting...
Whoopi Goldberg’s All Women’s Sports Network aims to raise awareness
Hollywood icon Whoopi Goldberg hopes her newly launched All Women's Sports Network will bring more attention to women's sports.Goldberg started the network with George Chung, co-founder of international media holding company Jungo TV. It's the first global media...
Health care stocks fall after Warren PBM bill, Brian Thompson shooting
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesShares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients...
Buoyed by Trump, U.S. dealers optimistic on everything except EV sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020.Nick Carey | ReutersDETROIT — There's a "renewed optimism" among U.S. car dealers heading into 2025, fueled...
Nike renews its contract with the NFL until 2038
Nike football shoes are seen in a store in Krakow, Poland on August 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesNike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to...
SpaceX valuation surges to $350 billion as company buys back stock
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched on its sixth test at the company's Boca Chica launch pad in Brownsville, Texas, on Nov. 19, 2024.Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX hit $350 billion...
NFL Philadelphia Eagles minority stake sale approved
Philadelphia Eagles quarterback Jalen Hurts (1) looks on in the second half during the game between the Carolina Panthers and Philadelphia Eagles on December 08, 2024 at Lincoln Financial Field in Philadelphia, PA.Icon Sportswire | Icon Sportswire | Getty ImagesThe...
JetBlue to bring ‘junior Mint’ first class to domestic flights in 2026
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Albertsons sues Kroger after judge rules against grocery merger
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022.Brendan McDermid | ReutersAlbertsons on Wednesday formally terminated its proposed $25 billion merger with...
Sports Illustrated buys naming rights of Red Bull Arena
Rendering of Sports Illustrated StadiumThe New York Red Bulls have a new stadium naming rights partner.On Wednesday, the Major League Soccer 2024 Eastern Conference Champions announced a 13-year naming rights deal with Sports Illustrated.Effective immediately, the...
Tom Brady watches, game-worn jerseys sell for $9 million at auction
Tom Brady's Rolex worn during his 2023 season.Sotheby's (L) | Reuters (R)Sotheby's has scored big off of Tom Brady.The auction house held its "GOAT Collection" sale on Tuesday night, selling all 41 items offered for a total of $9 million. The lots consisted of...
Ro to offer weight loss drug Zepbound vials by working with Eli Lilly
Patients will be able to access Zepbound single-dose vials at RoCoutesy: RoDirect-to-consumer health-care startup Ro on Wednesday said its platform will now offer more affordable single-dose vials of the weight loss drug Zepbound through a new partnership with Eli...
Macy’s (M) earnings Q3 2024
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million...
C.H. Robinson CEO says logistics business can weather Trump tariffs
Dave Bozeman, chief executive officer of C.H. Robinson.Source: C.H. RobinsonAs Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he'll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a...
Unrivaled women’s basketball league signs deal with Under Armour
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesThe pieces are coming together for the startup basketball league Unrivaled.The 3x3 women's hoops league announced Tuesday that it has signed a multiyear...
Adidas’ German headquarters raided in connection with tax investigation
The "Arena" office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake.Daniel Karmann | Picture Alliance | Getty ImagesAdidas' German headquarters was raided on Tuesday in connection with a yearslong tax...
Insurance stocks down since UnitedHealthcare CEO Brian Thompson killing
A banner hanging from on overpass along the southbound lane of I-83 that says, "Deny Defend Depose Health Care 4 All."Lloyd Fox | Baltimore Sun | Tribune News Service | Getty ImagesMajor insurance stocks have fallen more than 6% since their closing prices last...
Olympics transformed Salt Lake City into a tech hub
Spectators file into the Olympic Medal Plaza in downtown Salt Lake City, Utah, during the 2002 Olympics. Buildings are draped with Olympic athletic figures, and the Olympic rings glow on the mountainside above the city, Feb. 16, 2002.AFP Photo/George Frey via Getty...
Stellantis CEO Carlos Tavares lost control of the automaker, sources say
Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | ReutersDETROIT — "Arrogant." It's the word former Stellantis CEO Carlos Tavares used in June...
Alaska Airlines plans new nonstop flights to Japan, Korea
Alaska Airlines planes.Anadolu | Anadolu | Getty ImagesAlaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there.Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September,...
University of Utah video game program fuels $2 billion industry
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop.University of UtahThis article is part of CNBC's Cities of Success series, which explores cities that have transformed into...
Florida ‘condo cliff’ coming as owners deal with Surfside fallout
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo...
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022.Michael Wayland / CNBCDETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has...
Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty ImagesComcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000...
Hershey stock soars on report of another Mondelez takeover attempt
The logo of Hersheys ,taken in Manhattan. Michael Kappeler | Picture Alliance | Getty ImagesShares of Hershey climbed as much as 15% in morning trading on Monday after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company.Hershey's...
Activist Barington takes aim at Macy’s, seeks spending, real-estate fixes
People walk past the Macy's Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty ImagesActivist investor Barington Capital revealed Monday it had a position in Macy's and was looking for the company to cut spending, weigh the...
United Healthcare CEO shooting: Executives worry about safety
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor...
CFPB sues Comerica Bank over federal benefits program
Comerica Bank building facade with blue signage and brick exterior, Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank, accusing the...
Ulta Beauty (ULTA) earnings Q3 2024
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care.The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the...
Lululemon (LULU) earnings Q3 2024
Lululemon's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year.The yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines and said it's...
Why developers are building housing at shopping malls
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.Some U.S. developers...
Dollar General tests same-day delivery as discounter chases Walmart
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings...
Court rejects Boeing plea deal tied to 737 Max crashes
In an aerial view, Boeing 737 Max fuselages are seen on railcars during an ongoing strike by Boeing factory workers on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a fraud charge...
LSU star Flau’jae Johnson signs equity deal with Unrivaled basketball league
BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan...
Southwest, American raise sales outlooks, shares jump
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024.Mario Tama | Getty ImagesSouthwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares,...
MLS Commissioner Don Garber talks Apple subscribers, Messi
Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday.Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just...
Prescription fills for Zepbound, Wegovy weight loss drugs double: GoodRx
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersPrescription fills for blockbuster weight loss drugs in the U.S. more than doubled in 2024, even with limited insurance coverage and...
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. Shannon Stapleton | ReutersAmerican Airlines has inked a...
American Eagle (AEO) earnings Q3 2024
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California.Justin Sullivan | Getty ImagesAmerican Eagle shares dropped about 13% in extended trading Wednesday after the company reported third-quarter earnings in which it issued weak...
JetBlue cuts more unprofitable routes, tweaks Europe flights
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Trump nominates Jared Isaacman for NASA Administrator
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne,...
ESPN to add more sports content to Disney+
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesESPN is coming to Disney+. Now, the sports network wants to make sure Disney+ users come to ESPN.Walt Disney debuted a dedicated ESPN tile Wednesday on Disney+ for people who...
Eli Lilly Zepbound causes more weight loss than Novo Nordisk Wegovy: Trial
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersEli Lilly on Wednesday said its obesity drug Zepbound led to more weight loss than its main rival, Novo Nordisk's Wegovy, in the...
Foot Locker (FL) earnings Q3 2024
Foot Locker store location on 34th street in New York City.Courtesy: Foot LockerFoot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike.The sneaker giant...
GM expects more than $5 billion impact from China restructuring, including plant closures
Employees work on Buick Envision SUVs at General Motors' Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China.Tang Ke | Visual China Group | Getty ImagesDETROIT – General Motors expects...
Airline executives set to defend seat fees before Senate panel
Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft.Brent Lewin | Bloomberg | Getty ImagesU.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry...
J.P. Morgan Private Bank holiday recommendations for the wealthy
Courtesy: J.P. Morgan Private BankJ.P. Morgan Private Bank is out with its list of recommended holiday books and experiences for wealthy clients, and this year's offerings include a George Clooney Broadway debut, an expanded art museum in São Paulo, Brazil, a wellness...
Constellation Brands to sell Svedka vodka to Sazerac
Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.Bing Guan | Bloomberg | Getty ImagesConstellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based...
CDC says McDonald’s E. coli outbreak is over
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesThe Centers for Disease Control and Prevention...
Why Dollar General and Dollar Tree are struggling
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General.Shares of the deep discounters have plunged so far in 2024. The retailers have each...
Frontier Airlines to debut first-class seats for high-paying flyers
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesFrontier Airlines, one of the world's biggest budget airlines, is adding first-class seats.Its change in strategy...
Banks raise costs in response to CFPB rule
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesBanks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response...
‘Moana 2’ and ‘Wicked’ fuel biggest Thanksgiving box office ever
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyIt was all feast and no famine at the Thanksgiving box office this year.The tag-team of Disney's "Moana 2," Universal's "Wicked" and Paramount's "Gladiator II" pushed the five-day Thanksgiving holiday...
GM to sell stake in battery cell plant to LG partner for $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020.Photo by Steve Fecht for General MotorsDETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle...
Jaguar reveals ‘Type 00’ concept car, first in controversial rebrand
Image of Jaguar Type 00 concept vehicleJaguarFamed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called "Type 00."The vehicle, pronounced "Type Zero Zero," features a minimalistic...
Stellantis CEO Carlos Tavares resigns amid problems in U.S.
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Stellantis CEO Carlos Tavares has unexpectedly...
College Football Playoff expansion boosts ESPN, Disney
Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan. Aaron J. Thornton | Getty Images...
Retail winners pull away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty ImagesAs the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers...
How the 2024 election will impact Black Friday, holiday spending
BATTLE CREEK, MICHIGAN - DECEMBER 18: A hat tops off a Christmas tree at a "Merry Christmas" rally hosted by U.S. President Donald Trump at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. The House of Representatives will vote later today to...
‘Moana 2’-led Thanksgiving box office could be best in years
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyThe domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator.Disney's "Moana 2" is set to hit...
Nordstrom (JWN) earnings Q4 2024
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain.Yet despite its...
‘Wicked’ soars with $114 million domestic opening, ‘Gladiator’ snares $55.5 million
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."UniversalThe box office was a popular destination this weekend as Universal's "Wicked" and Paramount's "Gladiator II" arrived in cinemas."Wicked" is expected to snare $114 million...
Walmart pulls back on DEI efforts, removes some LBGTQ merchandise
Walmart Supercenter in Burbank onThursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty ImagesWalmart on Monday confirmed that it's ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a...
Trump tariff plan threatens to make Modelo more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty ImagesShares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25%...
Senate report slams airlines for raking in billions in seat fees
A Delta Air Lines cabin.Leslie Josephs/CNBCA Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights.Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including...
GM, Stellantis shares fall on Trump tariff threat for Mexico, Canada
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019.Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis...
Best Buy (BBY) earnings Q3 2025
Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street's quarterly revenue expectations, as early holiday shopping and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.The consumer electronics retailer said it...
Dick’s Sporting Goods (DKS) earnings Q3 2024
The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent"...
Abercrombie & Fitch (ANF) earnings Q3 2024
An Abercrombie & Fitch store stands in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty ImagesAbercrombie & Fitch isn't giving up its crown any time soon. The apparel company issued strong holiday guidance on Tuesday after posting...
Amgen says weight loss drug MariTide caused up to 20% weight loss after a year
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a...
State Farm signs JuJu Watkins, increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports.State Farm is furthering its investment in women's sports with two new deals.The insurance giant announced on Monday that it had signed college basketball star...
Starbucks vendor hit by ransomware attack, affecting pay and schedules
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024.Hollie Adams | ReutersA ransomware attack on one of Starbucks' software vendors has disrupted how the coffee chain's baristas view and manage their schedules, the company said...
Kohl’s CEO Tom Kingsbury to step down, replaced by Ashley Buchanan
Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury.Courtesy: Michael's | Kohl'sKohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he...
Mango plots U.S. store expansion to grow market, elevate brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end...
Auto industry pulls back after unprecedented EV, self-driving spending
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidDETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of...
Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022.Jeff Greenberg | Universal Images Group | Getty ImagesAir travelers face a host of headaches on their journeys: slow security lines, long waits for...
How women billionaires make, spend and give away their fortunes
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California.Stefanie Keenan | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with...
‘Wicked,’ ‘Gladiator II’ opening weekend heads for $200 million
Posters for Wicked and Gladiator IISources: Universal (L), Paramount (R)The box office this weekend will be painted pink and green, with a splash of red.Universal's "Wicked" and Paramount's "Gladiator II" arrive ahead of the Thanksgiving holiday and are expected to...
Caitlin Clark joins NWSL Cincinnati ownership group
Caitlin Clark #22 of the Indiana Fever brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse on September 15, 2024 in Indianapolis, Indiana. Justin Casterline | Getty ImagesCaitlin Clark has joined an ownership group looking to create a...
Thousands of Americans see their savings vanish
Oscar Wong | Moment | Getty ImagesFor 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they...
Retailers like Macy’s, Gap and TJX jack up store card APR
Tommy | Digitalvision Vectors | Getty ImagesDozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad...
Gap (GAP) Q3 2024 earnings
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic,...
SailGP signs Rolex as title partner of global sailing competition
SailGP signs Rolex as first title partner of global sailing competitionCourtesy: SailGPThe self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition.SailGP, which kicks off the 2025 season in Dubai on...
Wayne Gretzky talks Alex Ovechkin NHL goals record pursuit
As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky's all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him."Alex has been exceptional for our game," Gretzky said on CNBC's "Squawk Box"...
MLS’ New York City FC, Etihad Airways agree to stadium naming rights deal
New York City FC renderings for Etihad Park stadium in Queens, NY.Courtesy: New York City FC.When New York City FC's new stadium opens up just before the 2027 Major League Soccer season, it will have a familiar partner's name tied to it. The club is partnering with...
Home sales surged in October before mortgage rates jumped
A home with a "Sold" sign from a real estate company in North Patchogue, New York.Steve Pfost | Newsday | Getty ImagesA sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.Sales of previously owned homes last month rose 3.4%...
Crypto investor pays $6 million for a banana — and plans to eat it
Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Kena Betancur | Afp | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth...
CFPB expands oversight of Apple Pay, other digital payments services
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
TGL New York Golf Club brings on Eli Manning, Derek Jeter as investors
New York Golf Club includes Matt Fitzpatrick, Rickie Fowler, Xander Schauffele and Cameron Young.Courtesy: TGLTiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple.Cohen Private Ventures, the family office of...
American Airlines to shame boarding line cutters with new technology
Haiyun Jiang | Bloomberg | Getty ImagesWatch out, line cutters. American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called.Customers who try to scan a boarding pass...
Comcast cable networks spinoff emphasizes need for change in media
Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed...
Hyundai all-electric Ioniq 9 three-row SUV revealed
2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market.The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric...
McDonald’s preparing ‘McValue’ offering for 2025
A McDonald's is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024.Michael M. Santiago | Getty ImagesMcDonald's is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants.The company is...
Utah Hockey Club is beefing up Salt Lake City’s roster as a sports hub
Barrett Hayton #27 of the Utah Hockey Club skates against the Vegas Golden Knights on November 15, 2024 at Delta Center in Salt Lake City, Utah. Jamie Sabau | National Hockey League | Getty ImagesSalt Lake City checked all the boxes for a new professional sports team...
Cleveland launches formal bid for a WNBA team
Cleveland, OhioKen Redding | The Image Bank | Getty ImagesDan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio.Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on...
NHL looks beyond U.S., Canada for league growth
A general view during the 2022 NHL Global Series Challenge between the Nashville Predators and the San Jose Sharks at O2 Arena in Prague, Czech Republic, on Oct. 7, 2022.Martin Rose | Getty Images Sport | Getty ImagesIf all goes according to plan for the National...
How NHL salary cap works
For a National Hockey League team to hoist the Stanley Cup, it takes playing an 82-game regular season, winning four playoff series and some strict attention to math along the way. The NHL is one of two of the big four North American sports leagues with a hard salary...
TJX Companies (TJX) earnings Q3 2025
TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street.TJX comfortably beat Wall Street's expectations during its fiscal third...
CNBC Official NHL Team Valuations 2024
The National Hockey League is commanding more respect when it comes to team values.The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League...
Delta CEO says Trump regulation stance could be ‘breath of fresh air’
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022.Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of...
Delta forecasts sales growth in 2025 thanks to ‘resilient economy’
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. It also said it...
CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.Jakub Porzycki | Nurphoto | Getty ImagesCVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency's case against drug supply chain middlemen...
Disney Treasure cruise ship debuts; fleet to double by 2031
The captain of the Disney Treasure is Voyager Minnie, a version of the character that is specially costumed for the cruise ship.DisneyThe Disney fleet is expanding.Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to...
Mike Tyson, Jake Paul fight was most-streamed sports event: Netflix
Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium in Arlington, Texas, on Nov. 15, 2024.Kevin Jairaj | Usa Today Sports Via Reuters ConFriday's highly anticipated boxing match between former heavyweight champion Mike Tyson and...
Watch SpaceX launch Starship’s sixth test flight
The SpaceX Starship lifts off from Starbase near Boca Chica, Texas, on November 19, 2024, for the Starship Flight 6 test. Chandan Khanna | AFP | Getty ImagesSpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up...
Comcast will announce the spinoff of cable networks Wednesday, sources say
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday.The separation is expected to take...
Target (TGT) Q3 2024 earnings
People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver | Lightrocket | Getty ImagesTarget will report fiscal third-quarter earnings on Wednesday and offer the latest clues on how the holiday season is shaping up for retailers, as the company...
Stellantis delays Ram electric pickup trucks until 2025
Stellantis' Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty ImagesDETROIT...
Walmart says new Trump tariffs could raise prices
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty ImagesWalmart's CFO John David Rainey said the retailer would likely have to raise prices...
RFK Jr. is Trump pick for HHS secretary. Here’s what he could do
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersPresident-elect Donald Trump has tapped Robert F. Kennedy Jr. to lead the Department of...
Lowe’s (LOW) Q3 2024 earnings
LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming...
Walmart (WMT) Q3 2025 earnings
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up.Here's what the discounter is...
More Americans get news from social media influencers
About 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center.The rise of social media personalities doling out information was particularly true among the youngest users, and...
What travelers need to know about Spirit Airlines’ bankruptcy
A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first...
NBA, Warner Bros. Discovery settle lawsuit over live game rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the...
AMC debt threatens its ability to ride the box office rebound
Cars drive near an AMC Theater in New York City on March 29, 2023.Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world's largest movie...
LeBron James’ SpringHill agrees to merge with Kardashians producer Fulwell 73
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles.Matt Sayles | APLos Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger...
Spirit Airlines files for bankruptcy protection after mounting losses
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesSpirit Airlines, an icon of budget air travel that reshaped the industry, has filed for...
McDonald’s, Starbucks aim to improve
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesAfter a tough year for the restaurant industry, executives can't wait for 2025 to start."I don't know about you guys, but I'm ready for '24 to be behind...
McDonald’s to invest over $100 million in E. coli outbreak recovery
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast-food...
Space stocks rally on ‘Trump-Elon trade,’ analysts say
A hot fire test of an Archimedes engine, which powers the company's Neutron rocket.Rocket LabThis past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to...
Paul, Tyson fight breaks record for biggest non-Vegas boxing gate
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024.Cooper Neill | Getty ImagesThe highly anticipated boxing match between Jake Paul and Mike...
Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto ShowMichael Wayland | CNBCDETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the...
Disney parks profits hit records — even before big expansions
People walk in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom.Disney's theme park division posted record revenue and profit in...
SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018.Bloomberg | Bloomberg | Getty ImagesSpaceX's...
Why Home Depot acquired SRS Distribution
A warehouse for Texas Pool Supply, a company that's part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It's an example of the specialized business that Home Depot includes after acquiring SRS.Melissa...
U.S. companies in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump's trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hardline approach could stunt their prospects in the world's second largest economy – and turn them into targets of...
GM lays off 1,000 employees amid reorganization, cost-cutting
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing...
The top 10 family offices for startup investments
Guillaume Houze attends the 33rd ANDAM Prize Winner cocktail at les Jardins du Palais Royal on June 30, 2022 in Paris, France.Pascal Le Segretain | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter...
Landry CEO Fertitta becomes Wynn Resorts’ largest individual shareholder
The new Wynn Casino and Lisboa Casino in Macao, China.Bob Henry | Universal Images Group | Getty ImagesBillionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the U.S. Securities and Exchange Commission.The...
Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024.Thomas Machowicz | ReutersShares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services. The...
Disney earnings offer hope that streaming can supplant linear TV
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesDisney might be proving the world's most famous investor wrong.Last year, Warren Buffett, "The Oracle of Omaha," told...
Adidas signs NIL deal with girls’ high school basketball Kaleena Smith
Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player.Adidas has signed one of its youngest female athletes yet.The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's...
Diamond Sports reaches key milestone toward exiting bankruptcy
Jose Siri, #26 of Major League Baseball's Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d'Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on...
Disney doesn’t plan to change its TV networks portfolio anytime soon
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that...
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Homebuilder deal activity is surging, fueled by major Japanese buyers
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese.M&A activity in the single-family homebuilder space is having a record year in terms of...
Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty ImagesDiamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform.As part of the deal, Diamond's networks will be made available as an add-on...
Disney (DIS) earnings Q4 2024
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter...
Beverly Hills surgeon sues Medtronic for patent infringement
Michael Siluk | Education Images | Universal Images Group | Getty ImagesDr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the...
Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty ImagesPlanet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by...
What targets Rivian needs to hit to receive $5.8 billion from VW
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersDETROIT — Volkswagen Group increased its planned investment for a joint venture with electric...
Banks report ten-fold surge in digital scams, BioCatch says
Leylaynr | E+ | Getty ImagesU.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch.The sharp rise in reported scams...
Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
John Malone, Liberty MediaScott Eells | Bloomberg | Getty ImagesLiberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at...
FAA bans U.S.-Haiti flights for 30 days
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days...
Amgen stock falls on weight loss drug’s bone density loss data
Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide.One analyst said the additional data suggests a new potential safety risk tied to the drug. But...
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.Courtesy: Business WireVolkswagen Group has increased its planned investment in an announced joint...
Strong revenue growth, first Neutron deal
A view of Rocket Lab's HASTE suborbital launch vehicle.Rocket LabRocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.The space infrastructure company reported...
Boeing factory production will take weeks to ramp up after strike
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersBoeing's more than 32,000 machinists who were on strike are required to...
Family offices increasingly investing in private company deals
Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone. Gilaxia | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the...
Netflix ad-supported tier has 70 million monthly users
People wait in a line to enter "The Lab," a "Stranger Things" Netflix series experience in Madrid on June 2, 2022.Beata Zawrzel/ | Nurphoto | Getty ImagesNetflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was...
GM’s newest EV is a ‘baby Escalade’ SUV
2026 Cadillac Vistiq EVGMDETROIT — General Motors' newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a "baby Escalade."The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand's portfolio when...
Mattel pulls ‘Wicked’ dolls after printing adult website on packaging
Still from the film "Wicked"Source: Universal StudiosThousands of Mattel's "Wicked"-branded fashion dolls are flying off shelves, but not because of consumer demand.The toy company has been forced to pull its line of character dolls after a package misprint. Instead...
GM’s Wall Street vindication is here as it outperforms peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout...
‘Wicked’ marketing takes over retail ahead of theatrical debut
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."Universal"Barbie" painted the town pink in 2023, and now "Wicked" is upping the ante by adding a splash of green.Universal's theatrical retelling of the famed Broadway musical is...
MLB, Braves object to Diamond Sports reorganization plan
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's...
Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies Managing Partner and Principle owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium on Sunday, June 9, 2024 in London, England. Daniel Shirey | Major...
California-led EV mandates ‘impossible’ to meet
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan.Tomohiro Ohsumi | Getty Images News | Getty ImagesDETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year...
How Trump’s victory could change abortion rights in America
Anti-abortion demonstrators listen to President Donald Trump as he speaks at the 47th annual "March for Life" in Washington, D.C., Jan. 24, 2020.Olivier Douliery | Afp | Getty ImagesVoters in seven out of 10 states approved ballot measures this week to safeguard...
Lucid (LCID) results Q3 2024
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group slightly beat Wall Street's third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin...
Rivian (RIVN) earnings Q3 2024
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue.Here is how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per...
FDA proposes ending use of decongestant found in many cold medicines
A bottle of Vicks DayQuil cold and flu medicine containing phenylephrine is displayed for sale in a CVS Pharmacy store in Hawthorne, California, on Sept. 12, 2023.Patrick T. Fallon | AFP | Getty ImagesThe Food and Drug Administration on Thursday proposed ending the...
Steve Madden to slash China sourcing as Trump’s tariff plan looms
The logo of the label Steve Madden at the fashion fair Premium. ens Kalaene | Picture Alliance | Getty ImagesSteve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald...
Wall Street expects Trump presidency will unlock deal-making
Attendees cheer as a broadcast of former US President and Republican presidential candidate Donald Trum speaking at his Florida election party is shown on a screen at the Nevada GOP election watch party in Las Vegas, Nevada on November 6, 2024. Ronda Churchill | Afp |...
Bentley further delays all-EV plan as it embraces plug-in hybrids
A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022.Phil Noble | ReutersBentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into...
Warner Bros. Discovery (WBD) earnings Q3 2024
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5...
Moderna (MRNA) earnings Q3 2024
Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. The biotech company posted a net income of $13 million, or 3 cents...
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio.Sarah Rice | Getty ImagesDETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers...
Proposed tariffs could raise prices for consumers
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024.Saul Loeb | Afp | Getty ImagesFor retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump's tariffs proposal...
Foreign auto stocks BYD, BMW and others slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | ReutersDETROIT — Stock prices of...
E.l.f. Beauty (ELF) earnings Q2 2025
e.l.f Beauty power grip primer.Courtesy: e.l.f BeautyE.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 10% in after-hours trading.The cosmetics retailer's earnings came in well ahead of...
Mortgage rates surge on Trump victory, housing stocks to fall
President-elect Donald Trump's victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing.The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according...
Planet Fitness bids for bankrupt Blink Fitness
A Blink Fitness location in New York City.Bill Tompkins | Michael Ochs Archives | Getty ImagesPlanet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC.Planet Fitness previously lost out in a bankruptcy...
What his election means for EVs
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.Photo by Jeffrey Sauger for...
CVS Health (CVS) earnings Q3 2024
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021.Andrew Kelly | ReutersCVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the...
What Trump’s health pick RFK Jr. could mean for patients, drugmakers
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024.Carlos Barria | ReutersDonald Trump has made one...
Yum Brands (YUM) Q3 2024 earnings
Budrul Chukrut | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected.Here's what the company reported compared with what Wall...
Restaurant Brands International (QSR) earnings Q3 2024
A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. - the parent company of BK- in new and existing markets. Joan Cros | NurPhoto | Getty ImagesRestaurant Brands International on...
Ford’s October sales increase 15.2% from subdued levels in 2023
The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesDETROIT — Ford Motor on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued...
More homeowners just started pulling cash out of their properties
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesU.S. homeowners are sitting on a record amount of equity, but higher interest rates...
Retailers brace for DEI blowback ahead of election, holiday
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman.Natalie Behring | Getty ImagesRetailers...
Striking Boeing machinists vote on new contract with 38% raises
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington,...
Singapore Airlines to add first class cabin for its longest flights
Singapore Airlines ranked as the No. 2 international airline, according to the Bounce 2023 report.Nurphoto | Nurphoto | Getty ImagesSingapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract...
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024.Elias Marcou | ReutersFlights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era...
How Disney turns over its parks between Halloween and winter holidays
A staple of Disney's theme park's celebrations, the giant Mickey pumpkin statue towers over guests on Main Street.DisneyIt's time for Disney parks to swap pumpkins for poinsettias.In the thick of its busiest season, Disney's domestic theme parks have already begun to...
Space Force plans alternative GPS network with Astranis, others
A depiction of Nexus satellites in a medium Earth orbit constellation.AstranisThe U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the...
Marc Benioff in talks to sell Time to Antenna Group
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023.Dimitrios Kambouris | Getty ImagesThe Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to...
Apple commits $1.5 billion to Globalstar for iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday.The tech giant's deal with Globalstar includes $1.1 billion in cash, of which $232...
Record numbers of wealthy Americans are making plans to leave the U.S.
Ferragudo, Portugal.Gonzalo Azumendi | Stone | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your...
Boeing union backs sweetened contract offer that could end strike, sets vote for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington,...
A fast-changing Chinese coffee market awaits Starbucks CEO Niccol
People seen around the Starbucks coffee store in Shenzhen, China.Jakub Porzycki | Nurphoto | Getty ImagesOn Starbucks' fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges.The...
Thanksgiving box office showdown shows importance of premium screens
Wicked, Gladiator II, and Moana 2 Movie Posters.Sources: Universal (L), Paramount (C) and Disney (R)Three heavyweight Hollywood blockbusters will face off at the box office in November, each vying for audience attention, ticket sales and time on theaters' biggest...
Comcast tests media industry with potential cable networks separation
Mike Cavanagh, president of Comcast Corporation, at center, during the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023.David A. Grogan | CNBCComcast is thinking about separating or spinning off NBCUniversal's cable networks. If it moves...
Ford to halt production of electric F-150 Lightning until 2025
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next...
Morgan Stanley is launching an investing index tied to sports leagues
The Morgan Stanley headquarters in New York on Dec. 27, 2023.Angus Mordant | Bloomberg | Getty ImagesMorgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues.The investment bank's wealth management division on Thursday...
Merck (MRK) earnings Q3 2024
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its...
Boeing strike will dent last jobs report before election
Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesBoeing's more than seven-week machinist strike is set to hit Friday's U.S. jobs report — the...
Bristol Myers Squibb (BMY) earnings Q3 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday reported third-quarter earnings and revenue that blew...
Comcast is exploring separation of cable networks business
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company's third-quarter earnings call with investors, Cavanagh said the company is exploring creating "a new, well-capitalized company owned by our...
Starbucks’ plan to return to its roots involves 200,000 Sharpies
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks CEO Brian Niccol said the coffee chain plans to buy roughly 200,000 Sharpie markers as part of his plan to take the coffee chain back to its roots.He's...
7 ways Starbucks CEO Brian Niccol plans to change the coffee chain
Brian Niccol, CEO of StarbucksAnjali Sundaram | CNBCStarbucks CEO Brian Niccol shared more details about the company's turnaround strategy during the company's quarterly conference call on Wednesday.For three straight quarters, Starbucks has reported declining sales....
Peloton announces Ford exec Peter Stern as its next CEO
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty ImagesPeloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and...
Peloton (PTON) Q1 2025 earnings
A Peloton bike is displayed at a Dick's Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in...
Comcast (CMCSA) earnings Q3 2024
NBCUniversal kicks off it's new Peacock streaming service.Todd Williamson | Peacock | NBCUniversal | Getty ImagesComcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both...
Why sales of Eli Lilly’s Zepbound and Mounjaro fell short
Eli Lilly's blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro posted weaker-than-expected sales for the third quarter, even as supply of both medicines has largely recovered from widespread shortages in the U.S. The reason for the disappointing...
Carvana (CVNA) Q3 2024 earnings
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street's third-quarter expectations.Here's how the company...
Starbucks will stop charging extra for dairy alternatives
Starbucks offers oat milk as a dairy-free option.Source: StarbucksStarbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks.The change goes into effect Nov. 7 and follows years of...
Starbucks (SBUX) Q4 2024 earnings
Brian Niccol speaking on CNBC's Squawk Box on Oct. 30th, 2018. Anjali Sundaram | CNBCStarbucks is set to share more details about its fiscal fourth quarter after the bell on Wednesday.The coffee giant shared its preliminary quarterly results on Oct. 22, showing that...
Novo Nordisk’s Ozempic, Wegovy now available after shortages
Weight loss syringes of the brands "Wegovy", "Ozempic" and "Mounjaro" are sold at In der Achat Apotheke in Mitte, Germany.Picture Alliance | Picture Alliance | Getty ImagesAll doses of Novo Nordisk's highly popular weight loss injection Wegovy and diabetes drug...
United Airlines raises requirements to earn frequent flyer status
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024.Kevin Carter | Getty ImagesUnited Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to...
Pending home sales take unexpected leap higher in September
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called "pending" sales were at the highest level since March and...
Starbucks Oleato olive oil drinks leaving U.S. cafes in early November
Starbucks' new Oleato coffee beverages.StarbucksStarbucks' controversial line of olive oil-infused drinks will leave U.S. stores in early November.The decision to remove the Oleato drinks from domestic menus predates newly installed CEO Brian Niccol, who arrived at...
Airbus delivers first extra-long-range Airbus A321
An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023. Nathan Laine | Bloomberg | Getty ImagesAirbus said Wednesday that it has handed over its first extra-long-range narrow-body...
Biogen (BIIB) earnings Q3 2024
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as...
Fort Lauderdale developers plan $2 billion marina project
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida.Courtesy: ArX CreativeA team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a...
Eli Lilly (LLY) earnings Q3 2024
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter and slashed its full-year...
Chipotle Mexican Grill (CMG) Q3 2024 earnings
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares...
Auto insiders on both candidates, top issues
New Ford F-150 trucks go through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty ImagesDETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of...
Gatorade signs Duke basketball’s Cooper Flagg to NIL deal
Cooper Flagg #2 of the Duke Blue Devils moves the ball against the Arizona State Sun Devils during the game at Cameron Indoor Stadium on October 27, 2024 in Durham, North Carolina. The Blue Devils won 103-47. Grant Halverson | Getty ImagesGatorade is adding another...
E. coli outbreak is ‘behind us’
McDonald's Chris Kempczinski speaks about fresh beef expansion at a McDonald's event in Oak Brook, Illinois.Richa Naidu | ReutersA week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris...
Lucid has high hopes for new Gravity SUV as customer orders open
Lucid Gravity Grand Touring SUVLucidElectric vehicle startup Lucid Group is counting on its upcoming Gravity SUV to assist the automaker in a "significant increase" in sales volumes to narrow the company's losses, according to CEO Peter Rawlinson.The Gravity is...
Pfizer (PFE) earnings Q3 2024
Kena Betancur | Corbis News | Getty ImagesPfizer on Tuesday reported third-quarter revenue and adjusted profit that blew past expectations as the company's Covid vaccine and antiviral pill Paxlovid helped boost sales.The pharmaceutical giant also hiked its full-year...
Firefly Aerospace CEO Jason Kim is working ‘maniacally’ to scale
CEO Jason Kim in the company's lunar mission control center.Firefly AerospaceJason Kim just nabbed one of the most coveted yet high-pressure C-suite gigs in the space industry.As the new CEO of rocket and spacecraft builder Firefly Aerospace, he's no longer under the...
McDonald’s (MCD) earnings Q3 2024
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG are expecting the...
JPMorgan begins suing customers over ‘infinite money glitch’
The Chase bank logo above ATMs, taken in Manhattan.Michael Kappeler | Picture Alliance | Getty ImagesJPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw...
Ford Motor (F) earnings Q3 2024
A Ford F-150 Lightning electric pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT — Ford Motor is set to report its third-quarter earnings after the bell Monday.Here is what Wall Street...
Immersive entertainment company Cosm lands rights to some NFL games
Cosm currently has two locations in Los Angeles and Dallas, Texas but plans but is planning on expanding to additional locations in the future.Courtesy: CosmCosm, the immersive technology company that broadcasts live sports events using what it calls "shared reality,"...
McDonald’s Quarter Pounder burgers to return to restaurants affected by E. coli outbreak
A double quarter pounder with cheese and fries arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024. David Paul Morris | Bloomberg | Getty ImagesMcDonald's Quarter Pounder burgers will return to roughly 900 restaurants this...
David Einhorn thinks Peloton could be worth $31 a share
David Enhorn pitches Peloton at the Robin Hood Investors Conference.Getty Images (L) | CNBC (R)Greenlight Capital's David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current adjusted EBITDA...
McDonald’s E. coli outbreak: CDC updates case count
A quarter pounder with cheese, fries, and a drink arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesA deadly E. coli outbreak linked to McDonald's Quarter Pounders has led to 75...
Spirit Airlines stock jumps as carrier plans to sell planes, cut jobs
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell...
What McDonald’s needs to do next after E. coli outbreak
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesAs McDonald's and health authorities race to...
Deal blocked between Coach, Michael Kors owners
Coach and Michael Kors.Michael M. Santiago | Eduardo Parra | Europa Press | Getty ImagesA federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York.In her order, Judge Jennifer Rochon granted the Federal Trade...
Volkswagen’s Scout Motors reveals first EVs, plans for plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV conceptsScoutNASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric...
Spirit AeroSystems weighs more furloughs, layoffs if Boeing strike lasts
Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024. Nick Oxford | Bloomberg | Getty ImagesSpirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike...
Yum Brands pulls onions from select locations after McDonald’s E. coli outbreak
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesYum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald's."As we continue to...
The art market is in a correction as big spenders fade
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie's auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United...
Consumers choose favorite retailer Nike Kohls
An exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag.Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty ImagesNike and Kohl's may not be winning on Wall Street, but a wide set of consumers...
NHL Tampa Bay Lightning stake sold to investor group
Jeffrey Vinik, owner of the Tampa Bay Lightning.Adam Jeffery | CNBC The Tampa Bay Lightning's ownership group is expanding.Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug...
TKO Group to acquire IMG, PBR and On Location from Endeavor
TKO Group, the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group.The businesses are Professional Bull Riders, On Location and IMG, the companies...
American Airlines (AAL) 3Q 2024 earnings
American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.The carrier said it expects to earn between 25 cents and 50 cents a share on an...
Southwest Airlines (LUV) 3Q 2024 earnings
Southwest Airlines' third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management.Elliott and Southwest struck a deal, announced Thursday, that averts a...
Southwest, Elliott strike deal to keep CEO Jordan, add six directors
A Southwest Airlines Boeing 737 jet departs from San Diego International Airport en route to St. Louis on August 24, 2024 in San Diego, California. Kevin Carter | Getty ImagesSouthwest Airlines and activist investor Elliott Investment Management announced Thursday...
David Einhorn says Peloton is significantly undervalued
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024.Adam Jeffery | CNBCShares of Peloton spiked more than 11% on Wednesday after Greenlight Capital's David Einhorn said shares of the company are significantly undervalued, CNBC has...
Abercrombie responds to CEO Mike Jeffries sex trafficking arrest
Abercrombie & Fitch chairman and CEO Mike Jeffries addresses stockholders during the company's annual meeting at the company's headquarters in New Albany, Ohio, U.S. May 22, 2003.Will Shilling | Via ReutersAbercrombie & Fitch washed its hands of its former CEO...
CDC notified about outbreak last week
A customer walks out of a McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024.Mario Tama | Getty ImagesThe Centers for Disease Control and Prevention told McDonald's late last week about a potential link to an E. coli outbreak, company spokespeople said...
Novo Nordisk asks FDA to ban compounded Ozempic, Wegovy copies
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy.Hollie Adams | ReutersNovo Nordisk on Tuesday asked the Food and Drug Administration to prevent compounding pharmacies from making unapproved and often cheaper versions of its popular weight loss...
Apple, Goldman Sachs fined over $89 million for Apple card failures
Apple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019.Noah Berger | AFP | Getty ImagesThe Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than...
Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt sales
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech...
September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors.Sales were 3.5% lower than in September...
Morgan Stanley rolls out OpenAI-powered chatbot for Wall Street division
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.Brendan McDermid | ReutersMorgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted...
Boeing (BA) 3Q 2024 earnings
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty ImagesBoeing's new CEO Kelly Ortberg will have a chance to lay out his vision for the troubled...
Coca-Cola (KO) Q3 2024 earnings
Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesCoca-Cola is about to report third-quarter earnings before the bell on Wednesday.Here is what Wall Street analysts surveyed by LSEG...
Starbucks releases preliminary results, says sales fell again
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround."Our fourth quarter...
McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders
A McDonald's located on Route 66 in Azusa, California, on April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to...
WNBA Finals Game 5 game draws highest viewership in 25 years
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesIt was a...
‘Swicy’ items take over restaurant menus as Gen Z seeks heat
A general view of atmosphere during 'Sonic Desert' presented by Coca-Cola Spiced and Topo Chico in partnership with BPM Music on April 13, 2024 in Thermal, California. Randy Shropshire | Getty ImagesThe hottest food and drink trend this year isn't just spicy — it's...
Peloton, Costco partner to sell Bike+ for 2024 holiday
Peloton's stationary bikes will soon sell at Costco's stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday.Under the terms of the deal, Costco will offer Peloton's...
Boeing CEO to discuss company’s future while workers vote on contract
Ryan Bergh, a machinist at Boeing's factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. (Photo by...
MLS attendance, sponsorship revenue hit regular season records
Lionel Messi of Inter Miami competes during a friendly match between Inter Miami and Newell's Old Boys at DRV PNK Stadium in Fort Lauderdale, Florida on February 15, 2024. Arturo Jimenez | Anadolu | Getty ImagesMajor League Soccer scored several regular season...
Walmart will start delivering prescriptions as CVS, Walgreens struggle
Walmart will start to deliver prescriptions to customers' doorsteps. Customers can also get additional items dropped off along with medications, such as groceries.Courtesy of WalmartAs CVS and Walgreens shutter hundreds of stores nationwide to shore up profits and...
NBA, WNBA and Nike renew uniform partnership
Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women's National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues announced Monday.Under the terms...
General Motors (GM) earnings Q3 2024
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting,...
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly |...
The next big career track at business schools: Family offices
The University of Chicago Booth School of Business.Courtesy: The University of Chicago Booth School of Business.A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and...
McDonald’s says it’s not political after Trump visit
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via ReutersThough President Donald Trump visited a Pennsylvania...
Boeing machinists to vote on new proposal that could end strike
People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024.Jason Redmond | AFP | Getty ImagesBoeing and its machinists' union have reached a...
Chick-fil-A to release entertainment app Play with shows and podcasts
A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Scott Olson | Getty ImagesChicken sandwiches, waffle fries, milkshakes – and now TV shows and podcasts?Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original...
Disney CEO to be named in 2026; Gorman to become board chair next year
James Gorman, executive chairman and then-chief executive of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.Jeenah Moon | Bloomberg | Getty ImagesDisney has tapped James Gorman to replace Mark Parker as the...
elections, hurricanes to affect retail spending
A Macy's store is seen at Herald Square on December 11, 2023 in New York City.Michael M. Santiago | Getty ImagesInflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty.Several hard-to-predict factors will influence...
Trump, Harris plans on drug costs, abortion, Obamacare differ
President Donald Trump talks to the press outside the White House, July 19, 2019, left, and Democratic presidential nominee and U.S. Vice President Kamala Harris speaks to mark the one-year anniversary of the Oct. 7 Hamas attacks on Israel, at the vice president's...
Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines on Friday said it reached an agreement with its credit card...
Starbucks taps former Chipotle executive as global chief brand officer
Tressie Lieberman, the incoming global chief brand officer at Starbucks.Courtesy: StarbucksStarbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left...
Embraer CEO says jet maker studying possibilities for a new aircraft
Embraer CEO Francisco Gomes Neto speaks during the Embraer Media Day 2022 at the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Carla Carniel | ReutersBrazilian plane maker Embraer is studying the market and new technology that could warrant it...
Patek Philippe Cubitus collection marks first new line in 25 years
Introducing the new Patek Philippe Cubitus line.Courtesy: Patek PhilippeStoried Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line.The new collection comes at a time when luxury watch prices have largely...
Stellantis to sell, shutter large proving grounds amid cost-cutting
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Automaker Stellantis plans to shutter and sell its...
Spirit AeroSystems to furlough 700 workers as Boeing strike continues
Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019.Nick Oxford | ReutersBoeing supplier Spirit AeroSystems will furlough some...
Folie a Deux’ is 2024’s latest box office flop
Joaquin Phoenix stars as Arthur Fleck in "Joker: Folie a Deux."Warner Bros.Warner Bros. took a big swing with "Joker: Folie a Deux." It's turned into a big whiff.After the billion-dollar success of "Joker" in 2019 on a shoestring budget of just $55 million, the studio...
Procter & Gamble (PG) Q1 2025 earnings
Boxes of Bounce dryer sheets owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty ImagesProcter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed...
Commercial real estate recovery may be uneven
A commercial building available for rent in Melville, New York, April 17, 2023.Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate.The Federal Reserve began its interest rate cutting cycle in September, lowering the Fed funds...
NFL’s Browns plan to leave Cleveland stadium for dome in the suburbs
A general view of Huntington Bank Field during an NFL football game between the Cleveland Browns and the New York Giants in Cleveland on Sept. 22, 2024.Kirk Irwin | APThe National Football League's Cleveland Browns are leaving the shores of Lake Erie.The Browns plan...
Merck says experimental RSV treatment protected infants in trial
The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021.Andrew Kelly | ReutersMerck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive results in a mid- to...
Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes
Zyn nicotine cases and pouches are seen on a table in New York City on Jan. 29, 2024.Michael M. Santiago | Getty ImagesTobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S....
NFL stadiums could experience $11 billion in climate-related losses
In this aerial view, the domed roof at Tropicana Field, the home of the Tampa Bay Rays, is seen ripped to shreds from Hurricane Miltonís powerful winds in St. Petersburg. The storm passed through the area on October 10, 2024, making landfall as a Category 3 hurricane...
Universal’s Epic Universe theme park set to open in May 2025
Concept rendering of Universal Orlando Resort's newest theme park: Epic Universe.NBC UniversalUniversal's Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida.Epic Universe is the company's fourth theme park, spanning 750 acres, and is the...
Netflix (NFLX) earnings Q3 2024
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Thursday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, upcoming live sporting...
Latino audience is key for NFL growth in the U.S. and abroad
Isiah Pacheco #10 of the Kansas City Chiefs runs for a one yard touchdown during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona.Rob Carr | Getty Images Sport | Getty ImagesEarlier...
Diamond, FanDuel reach naming rights deal for regional sports networks
Pavlo Gonchar | Lightrocket | Getty ImagesMore change is coming to Diamond Sports' regional sports networks.The company said in court papers filed Tuesday that it reached a naming rights deal with Flutter-owned FanDuel, which will rebrand the Bally Sports channels...
Tom Gores buys LA Chargers stake for $750 million
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty ImagesPrivate equity billionaire Tom Gores has agreed to pay $750 million to buy 27%...
MLB playoff viewership rises in Yankees Guardians, Mets Dodgers series
Shohei Ohtani recently became the first player in MLB history to his 50 home runs and steal 50 bases in the same season.Megan Briggs | Getty Images Sport | Getty ImagesMajor League Baseball's postseason has been knocking it out of the park.The National League...
Unrivaled women’s basketball league to air on TNT Sports
Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024.Nathaniel S. Butler | National Basketball Association...
GM updates highly profitable large SUVs
DETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand's long-standing segment leadership.The Detroit automaker's Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for...
GM, Lithium Americas agree to $625 million joint venture
General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesDETROIT — General Motors has...
Novavax shares plunge as company says FDA put hold on two shots
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesNovavax on Wednesday said the Food and Drug...
Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry
An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024.Yuki Iwamura | Bloomberg | Getty ImagesUlta Beauty shares slumped on Wednesday morning, as the company said it sees "headwinds" and tougher competition in the beauty industry.As it hosted its investor day...
United Airlines (UAL) 3Q 2024 earnings
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024.Kevin Carter | Getty ImagesUnited Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported...
Tom Brady to be part owner of NFL’s Las Vegas Raiders
National Football League owners approved Tom Brady as a minority owner of the Las Vegas Raiders on Tuesday.The seven-time Super Bowl champ bought about a 10% stake in the Raiders with his business partner, Knighthead Capital founder Tom Wagner.Brady and Wagner are...
Morgan Stanley (MS) earnings Q3 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall...
American consumers are increasingly underwater on their car loans
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States...
Automated parking robots are the latest luxury real estate amenity
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots.The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds...
Boeing to raise as much as $25 billion to shore up balance sheet
Striking Boeing workers and their supporters picket outside the Boeing Co. manufacturing facility in Renton, Washington, on Sept. 16, 2024.Yehyun Kim | AFP | Getty ImagesBoeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years,...
Walgreens (WBA) earnings Q4 2024
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Andrew Kelly | ReutersWalgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street's expectations, as the...
Bank of America (BAC) earnings Q3 2024
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersBank of America...
Goldman Sachs (GS) earnings Q3 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs is scheduled to report third-quarter earnings before the opening bell...
Boeing factory strike crosses 1-month mark as pressure mounts on CEO
A Boeing worker waves a picket sign Tuesday, Sept. 24, 2024, as workers continue to strike outside the company's factory in Renton, Wash.Lindsey Wasson | APIt's been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly...
Trump or Harris? 2024 stakes for America’s businesses
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024.Getty ImagesWith the U.S. election less than a month away, the country and its corporations are staring down two drastically different options.For...
SpaceX Starship rocket launch: Flight 5 catches booster
The Super Heavy booster lands on the company's launch tower during the fifth Starship flight on Oct. 13, 2024.SpaceXSpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket's more than 20-story tall...
Delta stops hot meals on some flights citing caterer food safety issue
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County...
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing 737 MAX airliners are pictured at the company's factory in Renton, Washington, on Sept. 12, 2024.Stephen Brashear | APBoeing will cut 10% of its workforce, or about 17,000 people, as the company's losses mount and a machinist strike that has idled its aircraft...
JPM’s Dimon says geopolitical risks ‘treacherous and getting worse’
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie...
JPMorgan Chase (JPM) earnings Q3 2024
JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected.Here's what the company reported:Earnings: $4.37 a share vs. $4.01 a share LSEG estimateRevenue: $43.32 billion, vs....
WNBA Finals to be 7 games in 2025 season
Napheesa Collier #24 of the Minnesota Lynx scores the game winning basket during the game against the New York Liberty during Game 1 of the 2024 WNBA Finals on October 10, 2024 at Barclays Center in Brooklyn, New York. Nathaniel S. Butler | National Basketball...
Jeff Shell as Paramount president may have runway to make bold changes
Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | ReutersLess than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment, the...
Wealthy millennials, Gen Z are redefining philanthropy
Solstock | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy millennials and...
Banks aren’t in the clear just yet
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerTom Brenner | ReutersFalling interest rates are...
Delta says travelers are trading summer Europe trips for fall getaways
A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Riccardo De Luca | Anadolu | Getty ImagesSummer trips to Europe are getting too hot for thousands of tourists.Delta...
United plans flights to Greenland, Mongolia and Bilbao
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesUnited Airlines is plotting a 2025 international expansion that spans Senegal to Mongolia and Greenland to Palau,...
Pro sports leagues join forces with campaign against antisemitism
Robert Kraft, Founder of the Foundation to Combat Antisemitism (FCAS), Lights the Empire State Building to Stand Up to Jewish Hate and All Hate on October 7, 2024 in New York City. mpi099 | MediaPunch | IPX | APThe biggest names in sports are joining forces in a new...
Delta Air Lines (DAL) 3Q 2024 earnings
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.The Atlanta-based carrier on Thursday forecast...
FAA license may come in time for Sunday launch
SpaceX's next-generation Starship spacecraft, atop its powerful Super Heavy rocket, lifts off on its third launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. March 14, 2024. Cheney Orr | ReutersThe Federal Aviation...
Disneyland hikes ticket prices for its highest-demand days
Sleeping Beauty Castle at Disneyland, celebrating '100 Years of Wonder.'Aaronp/bauer-griffin | Gc Images | Getty ImagesPrice hikes are coming to Disneyland.While the California-based park's entry-level ticket will remain at $104, the same price it's been for six...
Automaker expects 2025 earnings to be similar to 2024
New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, July 2, 2024.Justin Sullivan | Getty ImagesDETROIT — General Motors expects its 2025 adjusted earnings to be in a "similar range" to the company's results this year, CFO Paul...
CVS, UnitedHealth say FTC should take Lina Khan, two commissioners off PBM case
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled "Fiscal Year 2025 Request for the Federal Trade Commission," in Rayburn Building on Wednesday, May 15, 2024. Tom Williams |...
EV profits, guidance, shareholder returns
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — Wall Street reacted to General Motors' investor day on Tuesday with a shrug.Executives used the Detroit automaker's event to focus on...
Bridgit Mendler’s Northwood passes first satellite antenna test
The startup's co-founders, from left: Chief Technology Officer Griffin Cleverly, CEO Bridgit Mendler and Head of Software Shaurya Luthra.Northwood SpaceNorthwood Space, the startup led by former television star and singer Bridgit Mendler, passed its first major...
Inside the black market of obesity drugs
BOULDER, COLO. — Not far from the majestic Rocky Mountains is an ordinary suburban neighborhood, a tree-lined street and a modest light gray home.It's not the kind of place you'd imagine an investigation into black market Ozempic would lead. But it did.A CNBC...
Slotmaker Aristocrat works to protect its IP while moving to a digital future
Aristocrat Gaming CEO Hector Fernandez told CNBC that digital opportunities are key to the company's future — as is ensuring its intellectual property is protected.Fernandez said he welcomes competition, but added that "one of the things that is pivotal for us is to...
Hard Rock open to FanDuel, DraftKings partnership in Florida
Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks.Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact...
BetMGM wagers that new technology, football can lead to a resurgence
As BetMGM tries to regain momentum in the gaming market, it's banking in part on gains in NFL betting and the draw of new technology.The company is the third largest U.S. sportsbook by market share, but has lost ground in recent years in both sports gambling and...
Spirit Halloween to open 10 new ‘Spirit Christmas’ stores
A family exits a Spirit Halloween store operating in a former Best Buy. Paul Weaver | Lightrocket | Getty ImagesSome Spirit Halloween locations will be busy for longer than usual this year.Spirit Halloween will operate 10 stores through the entire holiday season as...
GM ditching ‘Ultium’ name for batteries, tech amid EV changes
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT — General Motors will drop the name "Ultium" for its electric vehicle...
Airlines, theme parks, cruise lines prepare
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton.Chris O'Meara | APAirlines canceled hundreds of flights, theme parks...
Boeing delivers 33 jets in September but strike impact looms
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCBoeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth...
Walmart opens five more veterinary and pet grooming centers
Walmart is opening five more pet services centers after testing the first location near Atlanta. The centers offer vet visits and grooming.Courtesy: WalmartWalmart shut its doctor offices for people. But the nation's largest retailer is expanding its pet care...
PepsiCo (PEP) Q3 2024 earnings
A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022.Beata Zawrzel | Nurphoto | Getty ImagesPepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of...
Cruise, cash and EVs top of mind for Wall Street
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — A lot has changed since General Motors' last...
Rolls-Royce NYC Private Office showroom caters to top-tier clients
Rolls-Royce has opened its first U.S. "Private Office," a secret VIP design studio for ultra-wealthy clients who want highly personalized cars.The Private Office, in Manhattan's trendy Meatpacking District, is central to the fabled British automaker's new strategy of...
Walmart-owned Sam’s Club tests future without checkout lines
Sam's Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane.Sam's ClubGRAPEVINE, Texas — When shoppers walk into...
Blue Origin CEO Dave Limp brings urgency to Jeff Bezos’ space company
Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company's LC-36 facility in Florida.Blue OriginDave Limp had only one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin, the billionaire's...
Zillow adds climate risk data to home listings
Insured losses for Hurricane Helene are now estimated at over $6 billion, but the uninsured losses are far higher. That's because the vast majority of homes impacted by the storm, especially in hard-hit North Carolina, did not have flood insurance.New risk-assessment...
Stellantis files federal lawsuit against UAW union over strike threats
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Stellantis is suing the United Auto Workers,...
Tiger Woods’ logo dispute with Tigeraire escalates
USA's Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. Picture date: Friday July 19, 2024. Jane Barlow | PA Images | Getty ImagesA logo dispute between Tiger Woods' apparel company Sun Day Red and Tigeraire, a...
Mortgage rates spike after jobs report
A home for sale in Austin, Texas, on May 22, 2024.Brandon Bell | Getty ImagesThe average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government's monthly employment report. The rate is now 6.53%, according to...
GM halts production at two major U.S. plants due to Hurricane Helene
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan.JEFF KOWALSKY / AFP / Getty ImagesDETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that...
Rivian lowers production forecast, misses Q3 delivery expectations
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersShares of Rivian Automotive dropped about 8% during premarket trading Friday after the electric...
New off-road and ‘Ultimate’ models revealed
2025 Ford Expedition Platinum UltimateFordDETROIT — Ford Motor is increasing the refinement and technology of its large Expedition SUV as part of a vehicle redesign to better compete with growing competition.The new three-row SUV features a smoother interior and...
CVS is considering a break up. Here’s why that could be risky
A sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty ImagesIt's time for a wellness check at CVS Health.Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its...
Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet.Courtesy imageHyundai Motor and Waymo have agreed to a multiyear,...
Alec Baldwin’s ‘Rust’ to debut three years after on-set death
In this image from video released by the Santa Fe County Sheriff's Office, Alec Baldwin stands in costume and speaks with investigators following a fatal shooting on a movie set in Santa Fe, N.M. Special prosecutors said Tuesday, Oct. 17, 2023, that they will seek to...
Miami Dolphins weigh selling stake to Ares Management, Joe Tsai
Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiGetty ImagesThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC...
QVC to add USA Pickleball to its home shopping experience
Thomas Wilson prepares to hit a shot from Ross Whittaker and Christopher Haworth during the first round of the Pro Mens Doubles at the 2023 BioFreeze USA Pickleball National Championships held at the Brookhaven Country Club on November 8, 2023 in Dallas, Texas.Bruce...
Starbucks innovation farms will help climate-proof its coffee
A sign outside of the Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington.David Ryder | Getty ImagesMore than a decade ago, Starbucks bought its first coffee farm, in Costa Rica. Now the coffee giant has added two more to its...
LVMH and Formula One announce 10-year partnership
The Race winner trophy is seen in a Louis Vuitton trunk on the grid prior to the F1 Grand Prix of Monaco at Circuit de Monaco on May 26, 2024 in Monte-Carlo, Monaco. Bryn Lennon | Formula 1 | Getty ImagesLiberty Media-owned Formula One and luxury giant LVMH are...
Levi (LEVI) earnings Q3 2024
Justin Sullivan | Getty ImagesDenim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company's overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at...
Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT – Ford Motor lost its lead in electric vehicle sales to crosstown rival General Motors during the third...
Diamond Sports to drop MLB teams from Bally Sports regional networks
A microphone with the Bally logo is used for a post game interview following the Atlanta Braves 3-0 victory over the Minnesota Twins at Truist Park on June 28, 2023 in Atlanta, Georgia. Todd Kirkland | Getty ImagesMajor League Baseball is out of here.Diamond Sports —...
Costco adds platinum bars to its precious metals lineup
Zoom In IconArrows pointing outwardsCostco continues to chip away at the gold mine that is the precious metals market. The wholesaler is adding Swiss-made platinum bars to its selection.Costco on Wednesday announced the 1-ounce platinum bars, on sale for $1,089.99 on...
Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. Logan Riely | Getty ImagesMichael Jordan's NASCAR team, 23XI Racing,...
Stellantis U.S. auto sales extend freefall in third quarter
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesDETROIT — Stellantis' U.S. new vehicle sales during the third quarter continued a yearslong freefall despite CEO Carlos Tavares' actions to fix what he has...
Eli Lilly to build $4.5 billion research and manufacturing center
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines. The...
500 Starbucks locations have voted to unionize
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty ImagesBaristas at a Starbucks in Bellingham, Washington, became the 500th store to join the...
Harris the pro-cannabis candidate. The industry isn’t convinced
Vice President Kamala Harris further positioned herself as a pro-cannabis candidate on Monday in an interview with sports and culture podcast "All the Smoke" — but industry leaders aren't convinced her administration would lead to the reform she has promised."I just...
Nike (NKE) earnings Q1 2025
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty ImagesNike will report quarterly earnings on Tuesday as investors brace for another set of less-than-stellar...
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the...
Impulse space startup raises $150 million, led by Founders Fund
An Impulse employee works on assembling a Mira vehicle.Impulse SpaceLos Angeles-based space startup Impulse, which is led by renowned rocket specialist Tom Mueller, has raised $150 million in a new fundraising round led by venture capital firm Founders Fund.Impulse is...
PepsiCo to buy Siete Foods for $1.2 billion
Siete Foods Tortilla ChipsCourtesy: Siete FoodsPepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years.Like many food companies, Pepsi has been trying to shift...
Tom Brady watch collection to go up for sale at Sotheby’s
Tom Brady.Mike Ehrmann | Getty Images Sport | Getty ImagesLegendary quarterback Tom Brady is putting his valuable watch collection up for sale.The seven-time Super Bowl champion's collection will be available this December through auction house Sotheby's as part of...
MLS-OneFootball deal seeks to expand global audience
Lionel Messi #10 of Inter Miami controls the ball during the second half of the game against St. Louis City at Chase Stadium on June 01, 2024 in Fort Lauderdale, Florida. Megan Briggs | Getty ImagesMajor League Soccer is teaming up with German digital media platform...
EchoStar’s Dish sale marks disappointing end to Ergen’s strategy
Dish's Charles ErgenAndrew Harrer | Bloomberg | Getty ImagesDish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment.In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an...
EchoStar to sell Dish to DirecTV, combining major pay-TV providers
Hamid Akhavan, EchoStar CEO, speaking on CNBC's "Squawk on the Street" on Sept. 30, 2024.CNBCEchoStar is selling its Dish TV provider and digital business Sling to rival DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers, and...
Why the Fed’s rate cut won’t immediately help car buyers or sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020.Nick Carey | ReutersDETROIT — The Federal Reserve's decision to cut interest rates for the first time in...
Laurene Powell Jobs bets on AI startups
Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. (Photo by Steve Jennings/Getty Images for TechCrunch)Steve JenningsA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth...
Ford EV benefits program aims to boost sales
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free...
Kamala Harris promises to fight inflation
Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024.Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week,...
EchoStar nears deal to sell Dish to DirecTV with debt payment looming: sources
Charlie Ergen, chairman and co-founder of Dish Network Corp.Jonathan Alcorn | Bloomberg | Getty ImagesCharlie Ergen is getting close to selling the pay-TV business he founded more than 40 years ago.EchoStar is in advanced talks to sell satellite TV provider Dish...
Viewership, attendance soar during 2024 season
Indiana Fever guard Caitlin Clark, #22, drives to the basket against Atlanta Dream guard Destanni Henderson, #33, during a WNBA preseason game at Gainbridge Fieldhouse in Indianapolis, Indiana, on May 9, 2024.Brian Spurlock | Icon Sportswire | Getty ImagesThe Women's...
JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.Evelyn Hockstein | ReutersBuried in a...
FDA approves Bristol Myers Squibb’s schizophrenia drug
Bristol Myers Squibb's Cobenfy drugCourtesy: Bristol Myers SquibbThe Food and Drug Administration on Thursday approved Bristol Myers Squibb's highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder...
Trademark dispute emerges over Tiger Woods’ new logo
Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12, 2024 in Pacific Palisades, California.Kevork Djansezian | Getty Images Sport | Getty ImagesTiger Woods' new logo...
Nuggets, Avalanche launch streaming service Altitude+
Nikola Jokic, #15 of the Denver Nuggets, shoots the ball against Bones Hyland, #5, and Norman Powell, #24, of the Los Angeles Clippers during the second half of a preseason game at Crypto.com Arena in Los Angeles on October 19, 2023.Kevork Djansezian | Getty...
Hoda Kotb announces she is leaving NBC’s ‘TODAY’ show
Hoda Kotb on the set of the TODAY Show on Friday, April 12, 2024,Nathan Congleton | Nbcuniversal | Getty ImagesHoda Kotb will be leaving her role as a co-anchor on NBC's "TODAY" show early next year, she announced in a letter to staff on Thursday."As I write this, my...
Wealthy investors support Harris over Trump, new survey says
Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024. Jim Watson | AFP | Getty ImagesA majority of millionaire investors said they plan to vote...
U.S. new vehicle sales expected to have struggled during third quarter
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesDETROIT — U.S. sales of new vehicles are expected to have struggled during the third quarter amid economic and...
Southwest raises Q3 forecast, announces $2.5 billion buyback
A Southwest Boeing 737 is at Phoenix Sky Harbor International Airport in Arizona, USA, on July 2, 2024. Robert Smith | Nurphoto | Getty ImagesSouthwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized a $2.5 billion in...
Investor Paul Viera doubles San Antonio Spurs stake
The San Antonio Spurs logo is seen before the game against the Golden State Warriors in Game Three of Round One of the 2018 NBA Playoffs on April 19, 2018 at the AT&T Center in San Antonio, Texas. Noah Graham | National Basketball Association | Getty...
Southwest to cut service and staffing in Atlanta to slash costs
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty ImagesSouthwest Airlines is planning to reduce service to and from Atlanta next...
SEC charges Merrill Lynch and Harvest for ignoring client instructions
A logo for financial service company Merrill Lynch is seen in New York.Emmanuel Dunand | Afp | Getty ImagesThe Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment...
Novo Nordisk’s Ozempic may lower risk of opioid overdoses: study
A box of Ozempic made by Novo Nordisk is seen at a pharmacy in London, Britain March 8, 2024.Hollie Adams | ReutersNovo Nordisk's blockbuster diabetes drug Ozempic may decrease the risk of opioid overdoses in certain patients, demonstrating its potential as an...
New Starbucks CEO Brian Niccol commits to working with union
A Starbucks worker wears a t-shirt and button promoting unionization on April 7, 2022, in Chicago. John J. Kim | Chicago Tribune | Tribune News Service | Getty ImagesStarbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the...
How birria took over restaurant menus across the country
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland.Laura Chase de Formigny | The Washington Post | Getty ImagesBirria, which was once known as a regional Mexican food,...
DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’
Justin Sullivan | etty ImagesThe U.S. Justice Department on Tuesday sued Visa, the world's biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing "exclusionary" agreements on partners and smothering upstart firms.Visa's...
Levi’s teases Beyoncé collaboration as denim trend takes hold
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024.Michael Buckner | Billboard | Getty ImagesLevi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram.The...
Novo Nordisk CEO to testify at Senate over weight loss drug prices
Lars Fruergaard Jørgensen, CEO of Novo Nordisk, speaks during an interview in New York on Aug. 10, 2022.Christopher Goodney | Bloomberg | Getty ImagesNovo Nordisk's top executive is slated to face a Senate grilling on Tuesday over the high prices of the company's...
Boeing sweetens labor proposal in ‘best and final’ offer
Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty ImagesBoeing on Monday sweetened a contract offer and said it was its "best and final" proposal for its more than 30,000 machinists...
Southwest Airlines tells staff ‘difficult decisions’ ahead
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines has warned employees that it will have to make "difficult decisions" ahead to boost profits as the carrier faces...
How Foot Locker is waging a comeback after its breakup with Nike
An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles.Patrick T. Fallon | Bloomberg | Getty ImagesDuring a recent event celebrating Foot Locker's 50th anniversary in New York City,...
GM’s EV sales momentum is finally building
Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022.Frederic J. Brown | AFP | Getty ImagesWARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the...
Machinists prepare for lengthy stoppage
Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024. Matt Mills Mcknight | ReutersRENTON, Wash. — Cash-strapped Boeing is facing mounting costs from...
Boeing’s defense unit chief Colbert is departing, CEO says
Former CEO for Boeing's defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019.Karim Sahib | AFP | Getty ImagesThe head of Boeing's defense unit Ted Colbert is leaving the company effective immediately, said CEO...
FTC sues drug middlemen for allegedly inflating insulin prices
The Federal Trade Commission on Friday sued three large U.S. health companies that negotiate insulin prices, arguing the drug middlemen use practices that boost their profits while "artificially" inflating costs for patients. The suit targets the three biggest...
Family offices are the most bullish they’ve been in years, survey says
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are the most bullish they've been in...
NFL first with two women presidents at the helm
Las Vegas Raiders President Sandra Douglass Morgan & Carolina Panthers President, Kristi Coleman.Getty Images (L) | AP (R)When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League.The game is...
AA in talks to pick Citigroup over Barclays
An American Airlines' Embraer E175LR (front), an American Airlines' Boeing 737 (C) and an American Airlines' Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty ImagesAmerican Airlines is in talks to...
Disney to ditch Slack after July data breach
The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesThe Walt Disney Company will no longer use...
Nike CEO John Donahoe is out, replaced by Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan Mcdermid | ReutersNike on Thursday announced that its CEO John Donahoe is stepping down...
Civil rights groups urge Fortune 1000 to protect DEI
Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts.The call to action comes after businesses including Ford,...
August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors.That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023....
UAW warns of potential strikes at Ford, Stellantis
UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023.Matthew Hatcher | AFP | Getty...
JetBlue to build airport lounges in New York, Boston
JetBlue planes at JFK's Terminal 5 in New York.Leslie Josephs | CNBCJetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers.The lounges will open at the...
Darden Restaurants (DRI) Q1 2025 earnings
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining...
Boeing starts furloughing ‘large number’ of employees amid strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing will temporarily furlough thousands of U.S. executives, managers and other...
JPMorgan investment bank creates new role overseeing junior bankers
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase...
ESPN’s Adrian Wojnarowski will retire, take St. Bonaventure job
Adrian Wojnarowski looks on before the game on June 7, 2023 at Kaseya Center in Miami, Florida. David L. Nemec | National Basketball Association | Getty ImagesESPN's star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X...
Tennessee to raise season ticket prices 10% for revenue sharing
Nico Iamaleava #8 of the Tennessee Volunteers warms up prior to the Duke's Mayo Classic against the NC State Wolfpack at Bank of America Stadium on September 07, 2024 in Charlotte, North Carolina. Jared C. Tilton | Getty ImagesThe University of Tennessee is raising...
WNBA to add expansion team in Portland, bringing league to 15 franchises
WNBA expansion team coming to Portland in 2026.Source: WNBAThe WNBA is adding its 15th team in Portland, the third new franchise as part of its most recent expansion, the league announced Wednesday.The Portland team, which was not named in a WNBA release, will begin...
Intuitive Machines stock soars 50% after NASA moon satellite contract
The company's IM-1 mission lander shortly after launching on Feb. 15, 2024.Intuitive MachinesIntuitive Machines' stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites."This contract marks an...
JPMorgan Chase in talks with Apple to take card from Goldman Sachs
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesApple is in discussions with JPMorgan Chase for the bank to take over the tech giant's flagship...
Alaska-Hawaiian airline merger clears DOT review
Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024. Hasan Akbas | Anadolu | Getty ImagesAlaska Airlines and Hawaiian Airlines can go through with their...
FanDuel parent Flutter acquires Snaitech, NSX
People walk by a banner outside of the New York Stock Exchange for the initial public offering of Flutter Entertainment, the parent company of FanDuel, on Jan. 29, 2024.Spencer Platt | Getty ImagesFanDuel parent Flutter Entertainment will spend $2.6 billion (2.3...
SpaceX Starlink has 2,500 airplanes under contract
A Starlink terminal installed on a Hawaiian Airlines aircraft.Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday."Very excited that we have about 2,500...
FDIC rule would make banks keep fintech customer data after Synapse debacle
Tsingha25 | Istock | Getty ImagesThe Federal Deposit Insurance Corporation on Tuesday proposed a new rule forcing banks to keep more detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of Americans being locked...
UAW union files unfair labor charges against Stellantis
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty ImagesDETROIT — The United Auto Workers union on Monday...
Tapestry-Capri antitrust trial: Michael Kors testifies
Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios on February 15, 2017 in New York City. Dimitrios Kambouris | Getty ImagesNEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael...
Boeing freezes hiring in sweeping cost cuts as it grapples with strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing announced sweeping cost cuts Monday, including a hiring freeze, a pause on...
Charter rolls out new Spectrum pricing, internet speeds
Christopher L. Winfrey, CEO of Charter Communications.Courtesy: Charter CommunicationsCharter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider.The cable giant told...
Radiopharmaceuticals race heats up as drugmakers chase Novartis
Drugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. Bristol Myers Squibb, AstraZeneca, Eli Lilly and other pharmaceutical companies have spent some $10 billion on deals to acquire or work with...
DirecTV, Disney reach deal to end blackout in time for college football
DirecTV and Disney have reached a deal that brings Disney's ESPN and other channels back to the pay-tv provider's customers after a roughly two week blackout.The deal comes in time for college football this Saturday, which airs on ABC, ESPN, as well as the SEC Network...
Pfizer’s cancer cachexia drug shows positive midstage trial results
Pfizer's experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive results in a midstage trial, the drugmaker said Saturday. Patients with the condition, called cancer cachexia, who took...
Shein and Temu prices poised to rise after Biden de minimis proposal
A man walking past a logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. Jade Gao | Afp | Getty ImagesThe bottom of the barrel prices that have made Chinese-linked e-tailers Shein and Temu so popular...
U.S. lawmakers introduce bill to put regulations on sports betting
Sports gambling has exploded across the United States over the past six years and, in response, two lawmakers have introduced legislation that would implement federal regulations on the practice.Rep. Paul Tonko D-N.Y. and Sen. Richard Blumenthal, D-Conn., on Thursday...
Strike will ‘jeopardize’ recovery, hurt aircraft production
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing CFO Brian West said...
United Airlines to offer free Wi-Fi using SpaceX’s Starlink
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on August 24, 2024 in San Diego, California. Kevin Carter | Getty ImagesUnited Airlines said Friday that it plans to offer inflight Wi-Fi from SpaceX's Starlink...
Harris’ rise in polls sparks wave of wealth transfers to kids
Dimensions | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The tightening...
Jeep CEO enacts turnaround plan after significant sales declines
Jeep Wagoneer S Trailhawk EV conceptMichael Wayland / CNBCDETROIT — Stellantis' Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb.Jeep, a coveted brand...
Tapestry Capri antitrust trial: Key questions about merger
Pedestrians walk past a Coach store and a Michael Kors store.Scott Olson | Getty ImagesJust a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh...
Boeing workers overwhelmingly reject contract, prepare to strike
More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company's aircraft after staff overwhelmingly rejected a new labor contract.It's a costly development for the manufacturer that has struggled to ramp up production and restore...
American Airlines flight attendants ratify new contract with immediate raises topping 20%
Julie Hedrick, president of the Association of Professional Flight Attendants (APFA), right, announces a strike authorization outside Dallas-Fort Worth International Airport (DFW) near Dallas, Texas, on Wednesday, Aug. 30, 2023.Shelby Tauber | Bloomberg | Getty...
Flights are getting more expensive as airlines scale back growth plans
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty ImagesAirlines are reporting better unit revenues for the tail end of summer, a sign customers will continue to have to shell...
CEO of Ford’s highly profitable Pro business to retire
Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesDETROIT — The head of Ford Motor's highly profitable "Pro" commercial and fleet business will retire at the end...
Dealers, UAW condemn Stellantis CEO over cuts, sales declines
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersDETROIT – Stellantis' U.S. dealer network has joined the United Auto Workers union in criticizing...
SpaceX performs historic first spacewalk with Polaris Dawn crew
Polaris Dawn commander Jared Isaacman emerges from SpaceX's Dragon capsule during a spacewalk on Sept. 12, 2024.SpaceXSpaceX pulled off its first spacewalk in the early hours of Thursday morning, in a historic first for a company.The marquee event of the private...
Harvey Weinstein indicted on new charges by New York grand jury
Former film producer Harvey Weinstein appears at a hearing in Manhattan Criminal Court on May 1, 2024 in New York City. This is his first public appearance since the New York State Court of Appeals overturned his 2020 rape conviction on April 25. David Dee...
Airbus Ventures launches $155 million fund focused on deep tech, space
Thomas d'Halluin, Managing Partner of Airbus Ventures, at Hangar One of NASA Ames Research Center's Moffett Field in California.Airbus VenturesAirbus Ventures, one of the most prolific investors in space startups, has raised a $155 million fund that it plans to deploy...
$1 billion in cost cuts, 10 product launches planned
Moderna headquarters, exterior view, Cambridge, Massachusetts, USA. Plexi Images | GHI | UCG | Universal Images Group | Getty ImagesModerna on Thursday said it plans to cut around $1.1 billion in expenses by 2027 and win approvals for several new products as it charts...
Gilead Lenacapavir cut HIV infections by 96% in trial
A pharmacist holds a vial of lenacapavir, the new HIV prevention injectable drug.Nardus Engelbrecht | APGilead's twice-yearly shot reduced HIV infections by 96% in a second large study, the company said Thursday.The positive phase three trial data on Lenacapavir sets...
Junior Bridgeman buying stake in Milwaukee Bucks, team valued at $4 billion
Ulysses “Junior“ Bridgeman attends Day 2 of 2023 Invest Fest at Georgia World Congress Center on August 27, 2023 in Atlanta, Georgia. Paras Griffin | Getty ImagesBusinessman and former NBA player Ulysses Lee "Junior" Bridgeman is buying a 10% stake in the Milwaukee...
Boeing faces strike threat as workers vote on new contract
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024.Jennifer Buchanan | Afp | Getty ImagesBoeing workers are voting on a new labor contract on Thursday, setting up the potential for a crippling strike if staff...
Noom to offer GLP-1 drug through new weight loss program
Digital health company Noom on Thursday announced it will offer a compounded GLP-1 drug as part of a new weight loss product that starts at $149. The treatment will feature compounded semaglutide, the same active ingredient in Novo Nordisk's blockbuster obesity and...
McDonald’s to extend $5 value meal offer into December
A McDonald's McDouble cheeseburger, small fries, four-piece chicken nuggets, and a small soft drink arranged in New York, US, on Monday, June 17, 2024. Lucia Buricelli | Bloomberg | Getty ImagesMcDonald's will extend its $5 value meal into December in most U.S....
GM, Hyundai to explore co-development of vehicles, manufacturing
Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas.Courtesy imageDETROIT — General Motors and...
Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty ImagesBurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had "substantial doubt" about its ability to...
Streaming deals are key to future of NFL viewership, fandom
The National Football League's bet on streaming is paying off — and helping to broaden its fanbase in the U.S. and globally.Hans Schroeder, the NFL's executive vice president of media distribution, said at CNBC x Boardroom's Game Plan sports business event on Tuesday...
Live shopping is coming to the red carpet
When viewers tune in to the 2024 MTV VMAs on Wednesday night, they'll be able to shop the outfits and designer looks they're seeing in real time, as legacy media companies look for new ways to monetize content.As part of a new partnership between Paramount Global —...
Growth expected after 2024 election
As presidential nominees Vice President Kamala Harris and former President Donald Trump prepare to face off in their first debate Tuesday night, voters will be tuning in for clarity on their plans to handle issues including the economy, inflation and job growth.One...
MLB is charting a new course, aiming for a more national strategy
Aaron Judge #99 of the New York Yankees swings his bat during the first inning against the Texas Rangers at Globe Life Field on September 03, 2024 in Arlington, Texas.Sam Hodde | Getty ImagesMajor League Baseball is likely on a different trajectory than it was a...
Women’s sports are on an upward trajectory as fans, brands engage
Indiana Fever guard Caitlin Clark, #22, drives to the basket against Atlanta Dream guard Destanni Henderson, #33, during a WNBA preseason game at Gainbridge Fieldhouse in Indianapolis, Indiana, on May 9, 2024.Brian Spurlock | Icon Sportswire | Getty ImagesThe fervor...
No signs of slowing down for sports betting, industry leaders say
A DraftKings Sportsbook logo is posted on the right field wall of Chicago's Wrigley Field before a game between the Chicago Cubs and Philadelphia Phillies on Sept. 27, 2022. John J. Kim | Tribune News Service | Getty ImagesSports betting is continuing its integration...
After success in Paris, Los Angeles looks to elevate Olympic Games in 2028
Karen Bass, Mayor of Los Angeles, waves the Olympic flag as Thomas Bach, President of International Olympic Committee, applauds during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France.Carl Recine | Getty...
New Starbucks CEO Brian Niccol outlines plans for business
New Starbucks CEO Brian Niccol will focus on improving the chain's U.S. business in his first 100 days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday."... In some places — especially in the U.S. — we aren't always...
JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024.Saul Loeb | AFP | Getty ImagesJPMorgan Chase shares fell 7% Tuesday after the bank's president told analysts...
SEC charges Keurig Dr Pepper over K-Cup recyclability
Green tea pod is visible inside a Keurig brand coffee maker, Lafayette, California, December 17, 2022. Photo courtesy Sftm. Gado | Archive Photos | Getty ImagesThe Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the...
Federal Reserve unveils new banking regulation in Wall Street victory
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023.Evelyn Hockstein |...
Southwest Chair Kelly to step down next year amid Elliott fight
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines executive chairman and former CEO Gary Kelly said Tuesday that he will retire next...
Sales of $10 million homes surge in Palm Beach and New York
Tarpon Island, a private island in Palm Beach, Florida, sold for $150 million in May 2024.CNBCA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive...
DirecTV customers might miss ‘Monday Night Football’ amid Disney fight
Millions of DirecTV customers will likely be unable to watch the NFL's opening "Monday Night Football" game on ESPN as the company has yet to reach a deal with network parent Disney as of Monday evening.Disney's TV networks went dark on Sept. 1 for DirecTV's customers...
Goldman Sachs to post $400M hit in third quarter over consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Aug. 6, 2024.Jeenah Moon | Bloomberg | Getty ImagesGoldman Sachs will post a roughly $400 million pretax hit to...
Big Lots bankruptcy, plans sale and store closures
A Big Lots store in Los Angeles, California, US, on Saturday, Sept. 7, 2024. Discount home goods retailer Big Lots Inc. is preparing to file for bankruptcy as soon as Sunday, and plans to sell its chain of stores via a court-supervised process, according to people...
Leqembi could give Alzheimer’s patients more time, but road to treatment is long
Hannah Yoon | The Washington Post | Getty ImagesLeqembi, an Alzheimer's drug from Biogen and Eisai, isn't a cure for the mind-damaging disease. But the treatment promises to give patients such as Missie Meeks more time to live their daily lives normally and...
Nelson Peltz steps down as chair of Wendy’s board
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCNelson Peltz is stepping down as chair of Wendy's, ending a 17-year reign at the fast-food chain.Wendy's said Friday that the change is effective...
The $100,000 electric truck market is here
Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right).Michael Wayland / CNBCDETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and...
Automakers up NFL advertising after pullback
Toyota's "We Roll Deep Anthem" spot includes fans and NFL stars "setting off on an adrenaline-packed NFL adventure."ScreenshotAutomakers are rushing back into advertising during the National Football League season after a slowdown in recent years.Toyota Motor...
Starboard moves to collapse News Corp’s dual class stock in challenge to Rupert Murdoch
Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Picture date: Thursday June 22, 2023.Victoria Jones | Pa Images | Getty ImagesActivist investor Starboard Value has moved to dissolve News Corp's dual-class share structure, a challenge to...
NFL Brazil game Packers Eagles key to growth Goodell says
The NFL kicks off its first ever game in South America on Friday night, as the league pushes to grow its footprint overseas.As the NFL enters the Southern Hemisphere, professional football has never been stronger financially. Last season, the league pulled in $13...
Top 10 people most likely to reach trillionaire status
Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R)ReutersA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future...
Home listings are up more than 60% in these cities
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of...
Boeing Starliner set to leave ISS empty, months later than planned
Boeing spacecraft Starliner is seen from the window of SpaceX's Dragon capsule "Endeavour" on July 3, 2024 while docked with the International Space Station during the crew flight test.NASABoeing's Starliner is set to leave the International Space Station on Friday,...
U.S. airlines cool hiring after adding employees in post-Covid spree
A pilot performs a walkaround before a United Airlines flightLeslie Josephs/CNBCU.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of...
Kansas City Chiefs valuation playoffs Super Bowl
Patrick Mahomes and Travis Kelce of the Kansas City Chiefs celebrate a victory in 2022.David Eulitt | GettyThe NFL team that has won three of the last five Super Bowls is worth less than the organizations with the two longest playoff droughts in the league.The Kansas...
Green Bay Packers stock ownership team valuation
Jeff Robinson | Icon Sportswire | Getty ImagesOnly one National Football League team has an ownership structure that resembles a publicly traded company.The Green Bay Packers, who are the 12th most-valuable NFL franchise at $6.3 billion, according to CNBC's Official...
Court approves plan to exit Chapter 11
The exterior of a Red Lobster restaurant in Austin, Texas, on May 20, 2024.Brandon Bell | Getty ImagesA bankruptcy court approved Red Lobster's plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy.The company, known for its seafood...
Why airlines like American are scrambling to make engines last longer
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It's all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers...
Family offices may surpass hedge funds, with $5.4 trillion by 2030
Colleagues working together in the office.Aja Koska | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,...
Summer box office buoyed by ‘Inside Out 2,’ ‘Deadpool & Wolverine’
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyBox office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade.Thanks to some...
Beyond Meat to launch new steak alternative as it focuses on health
Beyond Meat in El Segundo, California, on May 30, 2024.Christina House | Los Angeles Times | Getty ImagesBeyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers.CEO Ethan Brown said on Wednesday that the...
NFL team sales are likely to stall as valuations soar
Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. Beyond that, it's anyone's guess when another franchise will change hands.Former Seahawks owner and Microsoft co-founder Paul Allen died in 2018....
Rising NFL valuations mean massive returns for owners
A National Football League team today is a $6.5 billion business.That is the average value of the NFL's 32 franchises, according to CNBC's Official 2024 NFL Team Valuations. Pro football teams have been a lucrative asset for owners in the most popular U.S. sports...
NFL’s most valuable team at $11 billion
DaRon Bland, #26 of the Dallas Cowboys, celebrates after an interception returned for a touchdown in the game against the Washington Commanders during the fourth quarter at AT&T Stadium in Arlington, Texas, on Nov. 23, 2023.Ron Jenkins | Getty ImagesWhen Jerry...
Ford truck, hybrid models lead to 13% increase in August sales
A Ford Raptor pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT — Ford Motor's U.S. vehicle sales jumped 13.4% last month, led by increases in the company's F-Series trucks and hybrid...
American Airlines adds new Europe flights for summer 2025
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAs social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy...
Los Angeles Rams worth $2 billion more than LA Chargers
Los Angeles Rams owner Stanley Kroenke speaks during the "Football Meets Football" Youth Clinic at the Rams NFL training camp on the Loyola Marymount University campus in Los Angeles on July 26, 2024.Patrick T. Fallon | Afp | Getty ImagesThere is a $2 billion gulf...
How investing in teams will work
A detailed view of the NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024.Ric Tapia | Getty Images Sport | Getty ImagesThe National Football League is opening its gates to...
CNBC Official 2024 NFL Team Valuations
CNBC Official 2024 NFL Team ValuationsJoin us on Sept. 10 in Los Angeles for CNBC x Boardroom's Game Plan. This high-powered event brings together industry leaders, visionaries and influencers, along with executives and investors to explore the dynamic intersection of...
Molson Coors pumps the brakes on DEI practices
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesMolson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies.In an internal memo sent...
NFL’s next big media rights payday is years off
A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty ImagesIn 2021, the National Football League signed an 11-year,...
Dick’s Sporting Goods (DKS) earnings Q2 2024
A Dick's Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California. Kirby Lee | Getty Images News | Getty ImagesDick's Sporting Goods on Wednesday blew past Wall Street's earnings estimates in its fiscal second quarter...
Dollar Tree (DLTR) earnings Q2 2024
A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Justin Sullivan | Getty ImagesShares of Dollar Tree fell about 10% in premarket trading Wednesday after the discounter cut its full-year outlook, citing...
Steph Curry says he wants to be an NBA owner in the future
Four-time NBA Champion Steph Curry is already planning for life after basketball.The 10-time NBA All-Star spoke to CNBC's "Squawk on the Street" on Tuesday about the rest of his basketball career, his various businesses and goals for after his playing career ends.The...
NFL season expected to spur record $35 billion in legal sports wagers
Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter of a preseason game at Commanders Field on August 25, 2024 in Landover, Maryland.Scott Taetsch | Getty Images Sport |...
Soaring sports team values pressure owners on taxes, succession
A detail view of a NFL shield logo paint of the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium on August 24, 2024 in Houston, Texas.Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from...
Tesla Cybertruck is in a category of its own for better or worse
A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.Michael Wayland / CNBCDETROIT – Spaceship. Dream car. UFO. Dumpster. Cool. Stupid. Phenomenal. Abomination.Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of...
NBC Olympics 2024 playbook has so far paid off
Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. Kristy Sparow | Getty ImagesComcast's NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the...
Restaurant chains that filed for bankruptcy this year
The Red Lobster logo is displayed outside of a closed restaurant in Torrance, California, on May 14, 2024.Patrick T. Fallon | Afp | Getty ImagesRestaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across...
A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm.Mario Tama | Getty Images News | Getty ImagesFor over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres...
Cannabis industry targets luxury consumers in New York
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary.Courtesy: The Travel AgencyCannabis consumption has turned a corner — and now it's on Fifth Avenue.Shoppers walking along the iconic New York stretch of retailers can...
FDA authorizes Novavax Covid vaccine targeting JN.1
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration authorized Novavax's updated protein-based Covid vaccine for emergency use in people ages 12 and up on Friday, paving...
Ulta earnings Q2 2024
Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company's first earnings per share miss...
Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024.Gary Hershorn | Corbis News | Getty ImagesAirlines that spent years clamoring for new jets are...
Lululemon (LULU) earnings Q2 2024
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and...
Stephen Curry signs $62.6 million extension with Warriors
Steph CurryJonathan Bachman | Getty ImagesNBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC.The extension keeps Curry in a Warriors uniform through the 2026-2027 season, and...
GM folding its all-electric BrightDrop vans into Chevrolet brand
Brightdrop EV600 vanSource: BrightdropDETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles.The change is expected to expand the selling...
Shares halted after apparent early release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty ImagesGap shares were halted Thursday morning after its quarterly earnings results were apparently released early.The apparel retailer is set...
American Eagle (AEO) earnings Q2 2024
A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesAmerican Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60%...
Best Buy (BBY) earnings Q2 2025
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City.Spencer Platt | Getty ImagesBest Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer...
YES Network, MSG Networks to launch combined New York sports app
New York Yankees captain Aaron Judge.Erick W. Rasco | Sports Illustrated | Getty ImagesGotham Advanced Media and Entertainment, the joint venture between MSG Networks and the YES Network, is launching a new app in the fall that will air local games for seven New York...
Ford joins list of companies walking back DEI policies
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesFord Motor is the latest company to walk back some of its commitments to diversity,...
Abercrombie & Fitch (ANF) earnings Q2 2024
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty ImagesAbercrombie & Fitch's revenue grew 21% during its fiscal...
Foot Locker (FL) earnings Q2 2024
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company's same-store sales grew 2.6% during its fiscal...
Washington Commanders stadium naming goes to Northwest Federal Credit Union
Washington Commanders fans celebrate after NFL team owners unanimously approved Josh Harris' purchase of the team from Daniel Snyder, at The Bullpen's "Burgundy and Sold" party on July 20, 2023.Julia Nikhinson | The Washington Post | Getty ImagesThe home of the...
Nordstrom (JWN) earnings Q2 2024
Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher...
Lego revenue jumps 13% in first half of 2024
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick.On Wednesday, Lego said revenue...
NFL wants to take percentage of private equity investment profits
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024.Michael Reaves | Getty ImagesThe National Football League has informed...
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023,...
NFL private equity ownership vote expected to approve select firms
Jacob Kupferman | Getty ImagesThe NFL's most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League's 32 owners are expected to vote in favor of allowing select private equity firms to...
Eli Lilly releases new, cheaper form of weight loss drug
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach...
Restaurants fight FTC junk fee crackdown over surcharges
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight.Surcharges or fees covering everything from credit card processing to gratuities to "inflation" have become more popular on restaurant checks...
Bitcoin rally helps create 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024.Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year as...
Mavericks, Pelicans games leave local networks amid Diamond bankruptcy
The NBA logo before the game between the Detroit Pistons and Charlotte Hornets at Little Caesars Arena in Detroit on March 11, 2024.Nic Antaya | Getty ImagesDallas Mavericks and New Orleans Pelicans fans are waiting for a new way to watch local games in the upcoming...
Boeing Starliner returning empty, NASA to use SpaceX to get astronauts
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASABoeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it...
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved
Edgar Bronfman, Jr.Cameron Costa | CNBCEdgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful.Bronfman is open to having Redstone, currently non-executive chairman at Paramount,...
U.S. will offer free at-home kits starting late September
Images By Tang Ming Tung | DigitalVision | Getty ImagesThe Biden administration on Friday said it will resume offering free at-home Covid-19 tests to American households in late September as the virus has gained a stronger foothold in the U.S. this summer.Americans...
Delta chief operations officer departing for another company
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024.Andrew Harnik | Getty ImagesDelta Air Lines' chief operating officer is leaving at the end of the month, the company said in a securities filing on...
Why Ford believes its $1.9 billion EV shift will benefit the automaker
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT – Ford Motor's profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise...
Classic car sales stall in Monterey as new generation takes charge
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.Auction sales during Monterey Car Week fell 3% from...
Walmart adds Burger King benefit for Walmart+ members
A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022.Justin Sullivan | Getty ImagesWalmart members are in for a whopper of a deal.The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer...
Cava Group (CAVA) earnings Q2 2024
Customers arrive at a Cava restaurant in New York City on June 22, 2023.Brendan Mcdermid | ReutersCava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue.Shares of the...
NWSL eliminates draft, grants unrestricted free agency to players
Maitane Lopez Millan #77 of Gotham FC defending battling Jordyn Huitema #9 of OL Reign for the ball during NWSL Cup Final game between NJ/NY Gotham City FC and OL Reign at Snapdragon Stadium on November 11, 2023 in San Diego, CA. Michael Janosz | ISI Photos | Getty...
FDA approves Pfizer, Moderna updated KP.2 shots
The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Moderna, putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the...
Peloton (PTON) earnings Q4 2024
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which two board members have run since former CEO Barry...
Peloton to charge $95 activation fee for used bikes
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price.The used equipment activation...
July home sales break 4-month losing streak as supply rises nearly 20%
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesClosed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units,...
Paramount-Skydance ‘go shop’ period extended to review Bronfman offer
Edgar Bronfman, Jr.Cameron Costa | CNBCThe future of Paramount Global is still uncertain.Paramount's special committee on Wednesday said it would extend by 15 days an agreed-upon "go shop" period of its merger agreement with Skydance as it reviews a competing offer...
Target CEO Brian Cornell weighs in on price gouging
There's no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday.In an interview on CNBC's "Squawk Box," the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers...
Ford delays new EV plant, cancels electric three-row SUV
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday.Instead, Ford said it will prioritize the development of hybrid models,...
As strength training grows, Peloton and Planet Fitness shift focus
Shauntil Cox lifts weights with the help of her trainer, Deano Troost, at a Planet Fitness in New Caney, Texas, on Sept. 19, 2023.Jason Fochtman | Houston Chronicle | Hearst Newspapers | Getty ImagesA growing share of gym users is looking to build muscle, leading...
TJX Companies (TJX) earnings Q2 2025
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be...
Macy’s (M) Q2 2024 earnings
Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.The retailer posted a mixed quarter, as it topped Wall Street's earnings expectations but missed on revenue.Macy's...
Sesame to offer compounded Wegovy through weight loss program
Health-care marketplace Sesame on Wednesday announced a new clinical weight loss program that will help eligible consumers access compounded versions of Novo Nordisk's blockbuster obesity drug Wegovy for $249 per month.Sesame allows patients to book and pay for...
Beyoncé launches whiskey line with LVMH’s Moët Hennessy
Moët Hennessy SirDavis American Whisky.Courtesy: Moët HennessyBeyoncé is holding her whiskey up high.The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH's Moët Hennessy, the brand announced in a press...
Target (TGT) Q2 2024 earnings
A Target store stands in Manhattan, New York City, on March 5, 2024.Spencer Platt | Getty ImagesTarget will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits.Here is what Wall Street...
Mynaric MYNA stock tanks after slashing revenue guidance, CFO exit
A rendering of the company's laser communications system on satellites in orbit.MynaricSpace stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company's chief financial...
Harley-Davidson drops diversity efforts after online pressure
Harley-Davidson is dropping some of its diversity, equity and inclusion efforts, according to a statement released Monday on social media site X.The motorcycle company said it has stopped consulting the Human Rights Campaign's metric for treatment of LGBTQ+ employees,...
Shein sues Temu over copyright infringement, trade secret theft
Shein and Temu.Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty ImagesChinese-linked fast fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and...
GMC targets electric truck leadership against Tesla, Ford, Rivian
2024 Sierra EV Denali Edition 1Source: General MotorsMILFORD, Mich. — General Motors' premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup.The Sierra EV joins electric versions of the...
Eli Lilly weight loss drug cuts risk of developing diabetes in trial
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesEli Lilly's highly popular weight loss drug reduced the risk of developing Type 2 diabetes by 94% in...
Lowe’s (LOW) Q2 2024 earnings
A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas.Brandon Bell | Getty Images News | Getty ImagesLowe's on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and...
Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022.Jason Alden | Bloomberg | Getty ImagesBoeing said Monday that it has paused flight tests of its 777X after it found...
Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesAlaska Airlines said that its plan to acquire Hawaiian...
California retail crime laws aim to crack down on organized rings
Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesCalifornia Gov. Gavin Newsom has signed...
GM reveals GMC Yukon ‘AT4 Ultimate’ to expand reach of high-end SUVs
2025 GMC Yukon AT4 UltimateGMCDETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new "AT4 Ultimate" model as part of updates to the large SUV for the 2025 model year.The new model will slate in between the luxury "Denali" and "Denali...
GM lays off more than 1,000 salaried software and services employees
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. - General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.Jeff Kowalsky | AFP | Getty...
LVMH CEO Bernard Arnault’s family office invests in AI startups
World's top luxury group LVMH head Bernard Arnault presents the group's annual results 2022 in Paris on January 26, 2023.Stefano Rellandini | AFP | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly...
Incoming Starbucks CEO Brian Niccol may target mobile app
Mobile order and Uber Eats and Doordash delivery pick up area at Starbucks coffee shop, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesIt's become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated...
Why Walgreens, CVS retail pharmacies are struggling
The abundance of Walgreens and CVS Health stores makes them convenient for whenever Shriya Raghavan, a research associate based in Philadelphia, needs to pick up necessities like gum, deodorant and soap. But she said she often has to wait for employees to unlock...
Polaris Dawn mission launch date, details
Polaris Dawn commander Jared Isaacman during spacesuit testing.John Kraus / Polaris ProgramSpaceX is preparing to launch its next private mission by the end of the month, featuring the first attempt to have the astronauts step out into space.The Polaris Dawn mission —...
The rising trend in nonalcoholic drinks is functionality
Mimi Lam, co-founder and chief executive officer of Superette, arranges cannabis-infused beverages at the Superette Sip 'N' Smoke cannabis dispensary in Toronto, Ontario, Canada, on Monday, Oct. 25, 2021. Della Robbins | Bloomberg | Getty ImagesMore Americans are...
UAW president slams Stellantis CEO over job cuts, alleged price gouging
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. Rebecca Cook | ReutersDETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in...
Judge temporarily blocks sports streaming service Venu, ruling in favor of Fubo TV on antitrust concerns
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesA...
Byron Allen draws ABC, CBS and NBC ire with late payments
Byron Allen, founder, chairman, and CEO of Entertainment Studios and Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty ImagesBroadcast stations owned by Byron Allen —...
‘Deadpool & Wolverine’ is highest-grossing R-rated film of all time
Hugh Jackman and Ryan Reynolds star in Marvel's "Deadpool & Wolverine."DisneyThe trio of Ryan Reynolds, Hugh Jackman and Shawn Levy has captured lightning in a bottle with "Deadpool & Wolverine."As of Thursday, the Disney and Marvel film is the...
Cadillac reveals new ‘Opulent Velocity’ performance EV concept
Cadillac Opulent Velocity concept EVCadillacDETROIT — General Motors on Friday revealed a new all-electric Cadillac concept car designed to preview how the automaker plans to keep its high-performance V-Series vehicles relevant for EVs.The vehicle is called "Opulent...
Private jet flights: Covid-era demand wanes
A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington's Reagan National Airport on June 12, 2024, in Arlington, Virginia.J. David Ake | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert...
Gilead alleges drug counterfeiting operation at NYC pharmacies
Gilead HIV prescription bottles seized at Best Scripts pharmacy.Courtesy: Gilead SciencesGilead Sciences says it uncovered a dangerous drug-counterfeiting operation in which its HIV medications were tampered with and improperly resold before reaching patients.The...
Streaming is getting more expensive for consumers. Here’s why
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStreaming is finally starting to pay off for media companies, but there's a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes.Legacy media companies entered...
New Lincoln Navigator includes spa mode, 48-inch display for gaming
2025 Lincoln NavigatorLincoln Ford Motor is updating its Lincoln Navigator to include a 48-inch front display that can be used as a "sanctuary" for spa lovers and gamers alike.The new feature comes as the automaker has redesigned the exterior and interior of the...
What’s next for Biden’s Medicare drug price negotiations
U.S. President Joe Biden and Vice President Kamala Harris walk out together, at an event on Medicare drug price negotiations, in Prince George's County, Maryland, U.S., August 15, 2024. Ken Cedeno | ReutersThe Biden administration on Thursday reached a milestone in...
United CEO expresses ‘renewed confidence’ in Boeing after meeting CEO
United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024.Hyoung Chang | Denver Post | Getty ImagesUnited Airlines CEO Scott Kirby says he is optimistic about Boeing's recovery after...
Walmart says prices are coming down — except in one key area
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles.Kevork Djansezian | ReutersPrices of many groceries and other items have fallen at Walmart, according to CEO Doug McMillon.Yet the leader of the...
Chili’s sales boosted by TikTok, fast food rivalry
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter.But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain's strong performance is just a sign...
NBC NBA media rights key for Peacock streaming growth
The NBA logo is seen outside an NBA fan store in New York on July 8, 2024. Angela Weiss | AFP | Getty ImagesExecutives at Comcast's NBC Sports targeted the NBA's media rights renewal on their calendars for years. They wanted the NBA back after losing the games to...
Lockheed Martin to take Terran Orbital private in $450 million deal
Terran Orbital's banner above the New York Stock Exchange on March 28, 2022.Terran OrbitalLockheed Martin is buying Terran Orbital, the company announced Thursday, with the defense giant reaching a deal to take the struggling spacecraft manufacturer private.The...
Mars to acquire Kellanova in $36 billion deal
A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York.Tiffany Hagler | Bloomberg | Getty ImagesMars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies...
Alaska Airlines flight attendants reject new contract
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty ImagesAlaska Airlines flight attendants rejected a new labor deal that would...
NASA astronauts waiting for return decision
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASALog entry: Day 71.Butch Wilmore and Suni Williams are waiting. Boeing is waiting. And throughout the halls of NASA,...
Medicare releases prices for first 10 drugs subject to negotiations
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services building in Washington, D.C., on Oct. 6, 2022.Anna Moneymaker | Getty ImagesThe Biden administration on Thursday will release prices for the first 10...
Starbucks new CEO Brian Niccol compensation Chipotle
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCStarbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill.Niccol officially takes the reins at the...
Walmart reports its earnings before the bell. Here’s what to expect
Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy.Here's what analysts are expecting for the big-box retailer, according to consensus estimates...
DraftKings reverses plans for a user tax as FanDuel wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company's FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting...
Fed interest rate cut may boost sales
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesJust like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial...
Wall St cheers Brian Niccol appointment
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decades-long Howard Schultz era.Starbucks tapped Niccol as its latest chief executive and chair on Tuesday....
Crypto magnate Chun Wang buys SpaceX polar spaceflight Fram2
SpaceX's Crew Dragon capsule "Endurance" is seen during the Crew-3 mission for NASA on May 5, 2022.NASAPrivate polar expeditions are reaching a new level: Space.Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company...
Oakland B’s Pioneer League baseball launches crowdfunding campaign
Paul Freedman, co-founder and CEO of the Oakland BallersPaul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team.When MLB's A's announced last...
Ro launches GLP-1 insurance coverage checker
Zoom In IconArrows pointing outwardsThe direct-to-consumer health-care startup Ro launched a new free tool Tuesday to help patients determine whether their insurance covers a buzzy class of weight loss and diabetes drugs called GLP-1s. Most insurance plans cover...
Home Depot (HD) Q2 2024 earnings
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.The home improvement retailer said it now expects full-year comparable...
Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 700% since since he...
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
Laxman Narasimhan, incoming Starbucks CEO, Sept. 7, 2022.CNBCStarbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.Shares of Starbucks rose 10% in premarket trading on the news.Narasimhan took over as chief executive in March...
Murdoch family battle highlights Nevada’s secret trust boom
(L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley,...
GM reveals redesigned GMC Terrain as brand’s entry-level model
2025 GMC Terrain ElevationGMDETROIT — General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard "Elevation" model.The compact crossover features a more rugged exterior design. It also has a new interior...
Disney is hoping for a box office rebound built on sequels, prequels and pixie dust
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024.Araya Doheny | Getty Images Entertainment | Getty ImagesWhen Disney CEO Bob Iger stepped onto the stage...
Equinox Group-owned gym chain Blink Fitness files for bankruptcy
Blink Fitness location in New York City. Bill Tompkins | Michael Ochs Archives | Getty ImagesBlink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy.The low-cost fitness brand, with more than 100...
Everything we learned at Disney’s parks panel at the 2024 D23 Expo
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesThe time of villains has come.Disney's classic...
‘Deadpool & Wolverine’ tops $1 billion at the global box office
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyThe "Merc with a Mouth" is breaking even more box office records.Over the weekend, Disney and Marvel's "Deadpool & Wolverine" became only the second R-rated film to top $1 billion at...
Macy’s store closures will change malls
A customer enters a Macy's store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Justin Sullivan | Getty ImagesMacy's decision to close nearly a third of its stores will spark change in malls and communities across the U.S.Some...
DirecTV is pushing its pay TV bundle — without a satellite dish
The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. The pigeons are voiced by former NFL star Deion Sanders, and actors Steve Buscemi and Henry Winkler.Courtesy: DirecTVCoach Prime wants consumers to know...
Restaurant CEOs focus on value as they aim to bring back customers
A sign advertises meal deals at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesRestaurant CEOs have become obsessed with the word "value" in explaining to investors why their sales lagged this quarter while sharing plans to...
Stellantis laying off 2,450 workers due to outgoing Ram pickup
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018.Brendan McDermid | ReutersDETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it...
Life Time creates its own pickleball as the sport booms
Life Time fitness club company said it has created the "ultimate" ball for the booming sport of pickleball.Courtesy: Life TimeTired of playing with pickleballs he found inconsistent in bounce and durability, Life Time's founder and CEO Bahram Akradi decided to take...
JPMorgan Chase rolls out AI assistant powered by ChatGPT-maker OpenAI
Teresa Heitsenrether is the firm's chief data and analytics officer.Courtesy: Joe Vericker | PhotoBureauJPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader...
Warner Bros. Discovery (WBD) earnings Q2 2024
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's stock dropped Wednesday after it reported a $9.1 billion write-down on its TV...
Paramount Global (PARA) Q2 earnings report 2024
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media.Paramount has...
E.l.f. Beauty (ELF) earnings Q1 2025
E.l.f. Beauty's growth story is still going.The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The company's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. That...
Delta says chaos after CrowdStrike outage cost it $550 million
A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesDelta Air Lines on Thursday said last month's CrowdStrike outage and subsequent...
Warner Bros. Discovery CEO Zaslav facing pressure to deliver value
David Zaslav attends the world premiere of "The Flash", in Hollywood, Los Angeles, California, U.S., June 12, 2023.Mike Blake | ReutersWarner Bros. Discovery CEO David Zaslav needs a win. Soon.Since merging Discovery with WarnerMedia in 2022 and immediately slashing...
Under Armour (UAA) earnings Q1 2025
Under Armour on Thursday said quarterly sales fell 14% in North America, and adjusted its full-year profit guidance after settling a years-old securities lawsuit for $434 million.Still, the company beat Wall Street's expectations on the top and bottom lines.Here's how...
3 Disney films could top $1 billion at box office this year
Hugh Jackman, Robert Iger, and Ryan Reynolds at the Marvel Studios' "Deadpool & Wolverine" World Premiere held at David H. Koch Theater on July 22, 2024 in New York, New York. Kristina Bumphrey | Variety | Getty ImagesAfter years of starts and stops at the box...
Boeing’s new outsider CEO Kelly Ortberg takes the helm
Robert K. "Kelly" Ortberg is the Boeing's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing's Board of Directors.Courtesy: BoeingAerospace veteran Robert "Kelly" Ortberg becomes Boeing's new CEO on Thursday with a...
Eli Lilly (LLY) earnings Q2 2024
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 on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3...
Restaurant Brands International (QSR) Q2 2024 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International on Thursday reported quarterly revenue that beat analysts'...
Jamie Dimon still sees a recession ahead
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind.When CNBC's Leslie Picker asked Dimon if he had changed his view from...
Inflation, grocery prices a top issue
Kroger, Walmart, and McDonald's.Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | ReutersExpensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians'...
‘Wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season."Wardrobing," in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according...
Disney’s media assets are generating more excitement than parks
A scene from Disney and Pixar's film "Inside Out 2."Courtesy: 2024 Disney | PixarHere's a surprise: Disney's media business isn't weighing down the company anymore.The primary Disney investor narrative since 2022 has been how streaming losses, combined with a...
Madison Reed bets on women’s sports with UConn basketball partnership
Paige Bueckers has kicked off her partnership with Madison Reed by going from blond to "sparkling rose."Courtesy: Madison ReedThe latest women's college sports deal comes with a splash — of color.The University of Connecticut has struck a deal with beauty brand...
CVS Health (CVS) earnings Q2 2024
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 ImagesCVS Health on Wednesday reported second-quarter earnings that topped expectations, but slashed its full-year profit...
Drugmakers on new negotiated prices with Medicare
President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland, Dec. 14, 2023.Chris Kleponis | Bloomberg | Getty ImagesThink a friend or colleague should be getting this newsletter? Share this link with them to sign up.Good...
Boeing, Spirit AeroSystems in spotlight at NTSB hearing on 737 Max panel blowout
Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit door plug on a Boeing 737-9 MAX during Alaska Airlines Flight 1282 flight on January 5, 2024, at the National Transportation...
Rivian (RIVN) Q2 earnings report 2024
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersRivian Automotive beat Wall Street's top- and bottom-line expectations for the second quarter as...
Disney (DIS) Q3 earnings report 2024
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reports earnings before...
Arsenal names Athletic Brewing as official nonalcoholic beer partner
Athletic Brewing Company is the official nonalcoholic beer partner of Arsenal F.C.Courtesy: Athletic Brewing Co.Athletic Brewing Company has scored a partnership with Arsenal, becoming the English soccer team's first official nonalcoholic beer partner.Arsenal will...
Charles Barkley commits to staying at Warner Bros. TNT Sports
NBA analyst Charles Barkley talking on set before the New York Knicks game against the Cleveland Cavaliers at the then-Quicken Loans Arena in Cleveland, Ohio, on Oct. 25, 2016.David Dow | National Basketball Association | Getty ImagesCharles Barkley is not retiring...
Disney raises prices for Disney+, Hulu and ESPN+
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesDisney is raising prices on its streaming platforms.Starting mid-October, most plans for Disney+,...
Yum Brands (YUM) earnings Q2 2024
A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Justin Sullivan | Getty ImagesYum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales.Shares of the company fell less than...
JPMorgan Chase opens more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns. JPMorgan recently announced a new goal within its multibillion-dollar...
Stock climbs on reports of Mars interest
Signage for Kellanova (K) outside the New York Stock Exchange (NYSE) on September 05, 2023 in New York City.APShares of Kellanova climbed 13% in morning trading Monday on reports of buyout interest. M&M's owner Mars is in talks to acquire the snacking company,...
Ford turns fleet business into profit driver. GM, Stellantis want in
2023 Ford Super Duty F-350 LimitedFordDETROIT — A once "dirty" word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor.The Dearborn, Michigan-based automaker has turned its fleet business,...
Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — Tadge Juechter's first "taste" of Corvette working at General Motors was to research whether there were enough Americans who could afford a new high-performance model of the famed sports car,...
Kudos sustainable diapers set to launch in Target stores
Kudos diapers founder Amrita Saigal with her daughterCourtesy: KudosThroughout modern history, parents have only had one real option when it comes to disposable diapers: plastic.The single-use products are typically made with fossil fuels like petroleum and can take...
Paris Summer Olympics viewership rises, with Snoop Dogg creating buzz
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 ImagesMillions of viewers in the U.S. are tuning into the Summer Olympics in...
Eli Lilly Zepbound, Mounjaro available after shortages, FDA says
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersAll doses of Eli Lilly's highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the U.S.,...
Mortgage rates plunge to the lowest level in over a year
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesThe average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the...
Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
Ed Bastian, chief executive officer of Delta Air Lines Inc., speaks during a keynote at CES 2020 in Las Vegas, Nevada, U.S., on Tuesday, Jan. 7, 2020.Bridget Bennett | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian on Friday offered employees two free travel...
Jeff Bezos investing big in AI through his family office
Jeff Bezos at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and...
NASA may return Starliner astronauts on Boeing or SpaceX
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.NASANASA management has been in deep discussion this week about whether to return...
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit.The company announced Thursday that starting next...
Morgan Stanley wealth advisors can pitch bitcoin ETFs
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned.The firm's 15,000 or so financial advisors can solicit eligible clients to purchase...
Olympics draws new investments to niche sports, women’s teams
Players of Team United States celebrate following victory during the Women's Rugby Sevens Bronze medal match between Team United States and Team Australia on day four of the Olympic Games Paris 2024 at Stade de France on July 30, 2024 in Paris, France. Michael Steele...
Venu Sports has a tough marketing challenge to find an audience
Actor Jon Hamm playing Don Draper in Mad Men.Michael Yarish | AMC | APCall Don Draper, Venu Sports may have a marketing problemThe Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That's...
Paige Bueckers to sign NIL deal with Unrivaled, get equity state
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...
Why Kohl’s is betting on babies
Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. The retailer will sell a wide variety of baby gear, including strollers, car seats and cribs.Courtesy: Kohl'sWOODLAND PARK, N.J. — Kohl's is thinking small to rev up its sales.The...
U.S. rugby star Ilona Maher talks bronze medal, Michele Kang investment
Ilona Maher became one of the Paris Olympics' heroes after leading the U.S. rugby team to its first-ever Olympic medal for men or women.The 27-year-old, frequently clad in bright red lipstick, helped Team USA bring home the bronze medal in a nail-biting win over...
Venu sports streaming pricing set at $42.99 a month
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesVenu...
Eli Lilly weight loss drug Zepbound cuts heart failure risks in study
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesEli Lilly's weight loss drug Zepbound showed benefits in patients with a common type of heart failure...
Biogen (BIIB) earnings Q2 2024
Biogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year guidance, as the company's cost cuts showed progress and sales of its breakthrough Alzheimer's drug, Leqembi, and other new products beat expectations. Biogen...
Wayfair (W) earnings Q2 2024
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty ImagesOnline home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods...
Moderna (MRNA) earnings Q2 2024
Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a "competitive environment" for respiratory vaccines in the U.S. and the potential for deferred international...
Carvana (CVNA) earnings Q2 2024
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on in Daly City, California, on July 19, 2023.Justin Sullivan | Getty ImagesShares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall...
UAW union endorses Vice President Kamala Harris over Trump
U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024.Andrew Harnik | Getty ImagesThe United Auto Workers on Wednesday endorsed Vice President Kamala Harris...
AI-powered financial advisor has $20 billion in assets
AI-generated responses are becoming more common, whether travelers know or not.Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could...
Taco Bell to roll out AI drive-thru ordering in hundreds of locations
Gastonia, North Carolina, Taco Bell Mexican fast food restaurant and drive thru at dusk. Jeff Greenberg | Universal Images Group | Getty ImagesYum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the...
CrowdStrike-Microsoft outage cost the airline $500 million
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Bastian said that he sees 'strong demand' for flights carrying into 2023. Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian...
Boeing taps Kelly Ortberg as new CEO to replace Dave Calhoun
Kelly Ortberg, chief executive officer of Rockwell Collins Inc., stands for a photograph at the company's production facility in in Manchester, Iowa, U.S., on Wednesday, Aug. 31, 2016. Daniel Acker | Bloomberg | Getty ImagesBoeing has named Robert "Kelly" Ortberg to...
Boeing (BA) earnings Q2 2024
A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024.Justin Tallis | AFP | Getty ImagesBoeing is set to report results before the market opens on Wednesday. Analysts are expecting...
2025 Ford Maverick pickup: New tech, hybrid options
DETROIT — Ford Motor has redesigned its small Maverick pickup truck, adding more technology, new performance and hybrid options to the vehicle.Updates to the 2025 Ford Maverick include refreshed exterior and interior styling, including a 13.2-inch center touchscreen;...
D.C. attorney general sues StubHub, alleging deceptive pricing
The StubHub logo is seen at its headquarters in San Francisco.Andrej Sokolow | Picture Alliance | Getty ImagesWashington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing.The...
Stellantis to offer buyouts to U.S. salaried workers
DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits.In an email to employees Tuesday morning, the company said it would offer a voluntary...
Eisai Biogen Alzheimer’s drug Leqembi shows benefits over three years
The newly FDA approved Alzheimer's treatment Leqembi is prepared at Abington Neurological Associates in Abington, PA., on Tuesday, November 7, 2023. Hannah Yoon | The Washington Post | Getty ImagesThe breakthrough Alzheimer's drug Leqembi slowed disease progression in...
Starbucks (SBUX) Q3 2024 earnings
Starbucks glass art on a store in Tokyo.Jakub Porzycki | Nurphoto | Getty ImagesStarbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday.Here is what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: 93 cents...
Highest class will include snacks, W-Fi, bags
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | ReutersFree Wi-Fi? Free checked bag? Free snacks? On Spirit?The Florida-based carrier that is practically synonymous with...
JetBlue shares jump after surprise profit in second quarter
A JetBlue Airways plane takes off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares jumped more than 17% on Tuesday after the airline posted a surprise profit and...
Merck (MRK) earnings Q2 2024
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Tuesday reported second-quarter revenue and adjusted earnings that topped Wall Street's expectations as it saw strong sales from its...
Boeing, Airbus orders muted amid supply chain woes
An Airbus A321 flies at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024.Toby Melville | ReutersFARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year's biggest air show. The focus instead...
Procter & Gamble (PG) Q4 2024 earnings
Procter & Gamble on Tuesday reported mixed quarterly results, but the company's volume increased for the first time in more than two years.Volume excludes pricing, making the metric a more accurate reflection of demand than sales. Over the last several years,...
Pfizer (PFE) earnings Q2 2024
Kena Betancur | Corbis News | Getty ImagesPfizer on Thursday reported second-quarter revenue and adjusted earnings that blew past expectations and raised its full-year outlook, benefiting from its broad cost-cutting program, better-than-expected sales of its Covid...
Novo Nordisk GLP-1 liraglutide may slow Alzheimer’s progression
A box of the drug Victoza, made by Novo Nordisk Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersAn older, once-daily drug for diabetes and obesity from Novo Nordisk called liraglutide may slow the progression of...
“Deadpool & Wolverine” sets new direction
Robert Downey Jr. speaks onstage during the Marvel Studios Panel in Hall H at SDCC in San Diego, California on July 27, 2024.Jesse Grant | Getty Images Entertainment | Getty ImagesEditor's note: This article contains spoilers for "Deadpool & Wolverine."Marvel is...
Executives address value and prices
A McDonald's fast-food restaurant in Manhattan, New York, on July 6, 2024.Beata Zawrzel | Nurphoto | Getty ImagesAfter a challenging second quarter, McDonald's executives told restaurant operators and analysts they are refocusing on how to recapture consumers with...
Diamond Sports, Comcast reach a cable deal for Bally regional sports
A Bally Sports display is shown in the eighth inning of the game between the MLB's Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023.David Berding | Getty Images Sport | Getty ImagesBally Sports regional channels are...
AT&T sued over nude images from customer phone
Juyochi | Istock | Getty ImagesWireless providers including T-Mobile, AT&T and Verizon have faced a string of lawsuits in recent years from women who allege retail employees stole intimate images or videos from their phones while helping them with in-store data...
‘Deadpool and Wolverine’ box office opening tops $205 million
Hugh Jackman and Ryan Reynolds star in Marvel's "Deadpool and Wolverine."DisneyMarvel is back on top."Deadpool & Wolverine" shattered box office records this weekend, tallying $205 million in domestic ticket sales during its opening, the highest debut of 2024 and...
Executives say prices are too high
A McDonald's Big Mac meal.Lauren Decicca | Getty ImagesMcDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.During the company's second-quarter earnings call Monday,...
Family offices give staff equity, profit shares in battle for talent
Thomas Barwick | Digitalvision | 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...
U.S. airlines cut growth plans for the second half of the year
Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty ImagesU.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic...
Ford, GM, Stellantis face daunting second half of 2024
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesDETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S....
McDonald’s (MCD) Q2 2024 earnings
A McDonald's restaurant is viewed on July 22, 2024 in Burbank, California.Mario Tama | Getty ImagesMcDonald's is expected to report second-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by LSEG are expecting the company to...
McDonald’s, Wendy’s, Burger King vie for low-income diners
The McDonald's logo is displayed at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesSubway started phasing out its $5 footlong sandwiches a decade ago. But these days, other fast-food chains have revived the $5 price point,...
Food delivery fees are rising, and everyone’s feeling the pinch
A food delivery messenger is seen in Manhattan. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty ImagesFood from the restaurant of your choosing, delivered right to your door — at what cost?Third-party food delivery is becoming the norm for...
FAA approves SpaceX to resume Falcon 9 rocket launches
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California.SpaceXThe Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk's...
NBA, media partners to reevaluate WNBA rights after 2028 season
Connecticut Sun forward Brionna Jones (left) and Los Angeles Sparks forward Cameron Brink (22) fight for ball possession during a WNBA game between the Sparks and the Sun on June 18, 2024, at Mohegan Sun Arena in Uncasville, CT.Anthony Nesmith | Icon Sportswire |...
Warner Bros. Discovery sues NBA over Amazon media rights
Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery sued the National Basketball Association on Friday as it tries to maintain broadcast rights for a package of live games."Given...
Deadpool and Wolverine box office Thursday previews
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool and Wolverine."DisneyDisney and Marvel's "Deadpool & Wolverine" has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an...
Sales of $100 million homes set to double this year
A view of the Central Park Tower at 217 West 57th St. in New York City.Source: Cody Boone, SERHANT StudiosA 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...
LVMH CEO Bernard Arnault: Olympics sponsorship honors France
For the first time a luxury brand is an Olympic sponsor. And it's not just one brand, it's the empire of LVMH."We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics," LVMH Chairman and...
Biogen Eisai Alzheimer’s drug Leqembi rejected by European regulator
European drug regulators on Friday rejected the Alzheimer's treatment Leqembi from Biogen and Eisai, creating another hurdle for the companies as they scramble to boost uptake of the therapy in the U.S. The European Commission, the EU's executive body, has a final say...
Why deregulation may not unlock media deals for WBD, others
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho.David Grogan | CNBCComcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you're selling,...
NBC Paris Olympics coverage could boost Peacock streaming
The Paris 2024 logo representing the Olympic Games is displayed near the Eiffel Tower in Paris on April 21, 2024, in anticipation of the 2024 Paris Olympic Games and Paralympic Games.Chesnot | Getty ImagesThe Paris Olympics will offer Comcast another chance to lift...
Bristol Myers Squibb (BMY) earnings Q2 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 Friday reported second-quarter earnings and revenue that topped expectations...
GM’s newest sports car tops 1,000 horsepower
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — General Motors' newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it's not even close.The Detroit automaker said Thursday the 2025 Chevy...
‘Deadpool and Wolverine’ set for highest opening of an R-rated film
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool and Wolverine."DisneyThe "Merc with a Mouth" returns to the big screen this weekend, and he's doing more than bringing an R-rating to Disney's Marvel Cinematic Universe."Deadpool and Wolverine," the third...
Boeing’s crewed Starliner flight won’t return until August
Boeing's Starliner spacecraft is pictured docked to the International Space Station.NASABoeing's crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company...
Hasbro (HAS) earnings Q2 2024
Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Brandon Bell | Getty ImagesToy company Hasbro beat Wall Street expectations for the second-quarter on Thursday, thanks in part to growth in its digital gaming segment. Shares...
Ford, GM, Stellantis stocks fall after disappointing earnings reports
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCDETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future...
Viking Therapeutics stock jumps on weight loss injection trial plans
Weight loss drug concept.Cr | Istock | Getty ImagesShares of Viking Therapeutics jumped 16% in premarket trading Thursday after the biotech company a day earlier announced plans to advance its experimental weight loss injection into a late-stage trial earlier than...
Southwest Airlines (LUV) earnings Q2 2024
Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year.Southwest said unit revenue for the...
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024.Mike Blake | ReutersSouthwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest...
Keurig Dr Pepper (KDP) Q2 2024 earnings
In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California.Justin Sullivan | Getty ImagesKeurig Dr Pepper reported quarterly earnings and revenue that met analysts' expectations on Thursday as higher prices fueled its...
American Airlines (AAL) earnings Q2 2024
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. Kevin Carter | Getty ImagesAmerican Airlines is forecasting a drop in unit revenue of as much as 4.5% for...
Chipotle Mexican Grill (CMG) Q2 2024 earnings
A Chipotle restaurant in New York on July 3, 2023.Jeenah Moon | Bloomberg | Getty ImagesChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry...
NBA picks Amazon for media rights over Warner Bros. Discovery
Luka Doncic, #77 of the NBA's Dallas Mavericks, shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals at the TD Garden in Boston on June 17, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe NBA has rebuffed...
AMC warns of Q2 2024 earnings ‘weakness’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.Richard Levine | Corbis News | Getty ImagesAMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%.The...
‘Inside Out 2’ highest grossing animated movie ever, passes ‘Frozen 2’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarDisney is back on top at the box office.On Tuesday, "Inside Out 2" surpassed $1.46 billion in global ticket sales, making it the highest-grossing...
Ford Motor (F) earnings Q2 2024
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCDETROIT – Ford Motor is set to report second-quarter earnings after the markets close Wednesday.The Detroit automaker's results are expected to be relatively healthy,...
Pfizer’s gene therapy for hemophilia A succeeds in late-stage trial
Kena Betancur | Corbis News | Getty ImagesPfizer on Wednesday said its experimental gene therapy for a rare genetic blood-clotting disorder succeeded in a large late-stage trial, paving the way for a potential approval.The treatment for hemophilia A could become the...
Lawmakers unveil PBM reform bill amid rising drug costs
Feverpitched | Getty ImagesBipartisan lawmakers introduced a new bill on Tuesday that aims to crack down on the business practices of drug supply chain middlemen who are widely accused of inflating prescription medication prices and harming U.S. patients and...
GM slows its EV plans again even as sales grow
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT – General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck...
June home sales slump, pointing to a buyer’s market
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty ImagesSales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized...
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.
UPS earnings Q2 2024
A person walks into a UPS (United Parcel Service) customer center on April 1, 2024 in Los Angeles, California. Mario Tama | Getty ImagesUnited Parcel Service on Thursday reported profit and revenue for the second-quarter that came in below expectations and cut its...
Coca-Cola (KO) Q2 2024 earnings
Coca-Cola beverages are offered for sale in Chicago on April 30, 2024.Scott Olson | Getty ImagesCoca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter.Shares of the company rose more than 1% in premarket...
Comcast (CMCSA) earnings Q2 2024
A Comcast service van in Miami.Getty ImagesComcast reports second-quarter earnings before the bell on Tuesday, and Wall Street will be paying close attention to subscriber growth — for both the broadband and streaming businesses.Here is how Comcast is expected to...
Best Buy unveils plans to grow sales, cash in on AI
Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBCBest Buy on Tuesday announced new plans to try to reverse a two-year sales slump and cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of...
Warner Bros. Discovery says it will match Amazon
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner Bros. Discovery is targeting the deal carved out for Amazon Prime Video,...
General Motors (GM) earnings Q2 2024
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023.Brandon Bell | Getty ImagesDETROIT — General Motors is set to report second-quarter results before the bell Tuesday.Wall Street expects GM to be the...
McDonald’s to extend $5 value meal in most markets
In an aerial view, a customer walks by a sign as they leave a McDonald's restaurant on April 03, 2023 in San Pablo, California.Justin Sullivan | Getty ImagesMcDonald's will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets, as...
Flight cancellations persist after IT outage
The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles. Myung J. Chun | Los Angeles Times | Getty ImagesFlight cancellations and delays continued on Saturday as airlines worked to recover from a global IT outage...
Boeing on path to ‘transformational change,’ commercial jet CEO says
Boeing's Stephanie Pope gives a press conference at the Paris Le Bourget Airport, on June 20, 2023.Geoffroy Van Der Hasselt | AFP | Getty ImagesLONDON — Boeing's output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead...
Delta cancels more flights, struggles to recover from Microsoft outage
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and...
GM, Ford, Stellantis second-quarter earnings: What analysts expect
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and...
Korean Air orders at least 40 Boeing wide-body planes
A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020.Terray Sylvester | ReutersFARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the...
Elliott has Starbucks stake, in talks with management: WSJ
A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesElliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company's share price, the Wall Street Journal...
Flights grounded, passengers to see delays amid global IT outage
Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Mailee Osten-tan | Getty Images News | Getty ImagesSeveral airlines...
Michelle Mack, retail crime ‘queenpin,’ faces prison, restitution
Michelle Mack is taken into custody, Dec. 6, 2023.CNBCThe ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more than five years in a California state prison.Michelle Mack, of Bonsall, California,...
With media in upheaval, Netflix stays out of the fray
A couple sits in front of a television with the Netflix logo on it.Picture Alliance | Picture Alliance | Getty ImagesNetflix's second-quarter earnings report contained no bombshells, and that's just fine for the company and its investors.In recent weeks, Paramount...
Warner Bros. Discovery match period starts
Jaylen Brown, #7 of the Boston Celtics, shoots a three-point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals at TD Garden in Boston on June 17, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesWith National Basketball...
Netflix (NFLX) earnings Q2 2024
The Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California. Mario Tama | Getty ImagesNetflix reports its second-quarter earnings after the bell on Thursday, and Wall Street will be paying close attention to any details or...
Penn lays off about 100 employees as it focuses on ESPNBet growth
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty ImagesPenn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet.CEO Jay Snowden told staff members in an internal email...
Ford to expand large truck production to Canada
2023 Ford Super Duty F-350 LimitedFordDETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub.The new plans include investing about $3 billion to expand...
Copa America chaos raises doubts over U.S. 2026 World Cup readiness
Fans of Colombia and Argentina the CONMEBOL Copa America 2024 Final match between Argentina and Colombia at Hard Rock Stadium on July 14, 2024 in Miami Gardens, Florida. Maddie Meyer | Getty ImagesThe Copa America soccer final between Argentina and Colombia on Sunday...
Can Boeing get back to its glory days?
An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019. Joshua...
International buyers are pulling back from the U.S. housing market
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they're also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result,...
Darden Restaurants to acquire Chuy’s for approximately $605 million
Igor Golovniov | Getty ImagesDarden Restaurants will acquire Chuy's Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday.Darden agreed to acquire all outstanding shares of Chuy's at $37.50 per share, according to a press...
United (UAL) earnings Q2 2024
United Airlines planes at Denver International Airport.Leslie Josephs | CNBCUnited Airlines' second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier's results, but its third-quarter forecast came in shy of...
The Mirage closes in Las Vegas to make way for Hard Rock Guitar Hotel
The volcano attraction in front of The Mirage Hotel & Casino erupts on July 16, 2024, in Las Vegas, Nevada. Hard Rock International (HRI) will close the resort on July 17, 2024, to begin a construction project to transform the property into the Hard Rock Hotel...
GM to up production of high-output V8 SUV
2025 Cadillac Escalade V-Series SUVCadillacDETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year.The new SUV features a standard 55-inch diagonal display...
Bay, Iger to take controlling stake at $250 million value
Bob Iger, chief executive officer of The Walt Disney Co., and his wife attend Willow Bay the Allen & Company Sun Valley Conference on July 11, 2024 in Sun Valley, Idaho. Kevork Djansezian | Getty ImagesWillow Bay and Bob Iger will take a controlling stake in Angel...
Royal Caribbean leans into shorter cruises, more experiences
With consumers getting more selective on how and where they vacation, cruise lines are fighting for Americans' tourist budgets. Royal Caribbean thinks shortening trips and packing the days with activities and exclusive opportunities will keep customers hooked."I think...
Spirit Airlines issues second-quarter loss warning
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 said Tuesday it would post a wider-than-expected loss for the last...
New Balance, WNBA sign multiyear partnership
Cameron Brink #22 of the Los Angeles Sparks plays defense against Bridget Carleton #6 of the Minnesota Lynx on June 5, 2024 at Crypto.com Arena in Los Angeles, California. Juan Ocampo | National Basketball Association | Getty ImagesNew Balance on Tuesday announced a...
6 categories cheaper today than before pandemic
It's the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation.So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be...
GM’s 2025 EV production capacity target in doubt after Barra comments
General Motors' goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary Barra.The production capacity target for next year was one of the last EV targets the...
Morgan Stanley (MS) earnings Q2 2024
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley is set to report second-quarter earnings before the opening bell Tuesday. Here's...
Bank of America (BAC) earnings Q2 2024
CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms," in Hart Building on...
Trump assassination attempt: Wall Street CEOs react
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersThe leaders of Wall Street's...
Macy’s ends buyout talks with Arkhouse and Brigade after months of negotiations
The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it...
Goldman Sachs (GS) earnings 2Q 2024
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCGoldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.Here's what Wall Street expects:Earnings: $8.34 per share, according to LSEGRevenue: $12.46...
SpaceX Falcon 9 rocket grounded after rare inflight failure
A SpaceX Falcon 9 rocket flies carrying a payload of 22 Starlink internet satellites into space after launching from Vandenberg Space Force Base on March 18, 2024 as seen from Los Angeles, California. Mario Tama | Getty ImagesSpaceX's Falcon 9 rocket is grounded,...
Tour $60 million mansion in Delray Beach, Florida
The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million.Daniel PetroniThe owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and...
Women set to inherit $9 trillion
Charday Penn | E+ | Getty ImagesUp to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what's being called "the horizontal wealth transfer," according to a new report.Over the next 20 to 30 years, aging baby boomers and...
Citigroup (C) earnings Q2 2024
CEO of Citi, Jane Fraser during the panel on Tech and finance - tailwinds and headwinds at the Global Hong Kong Global Financial Leaders Investment Summit on November 7, 2023 in Hong Kong, China.Vernon Yuen | Nurphoto | Getty ImagesCitigroup on Friday posted...
Dollar General, Labor Department settle over safety violations
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesThe U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12 million in penalties and implement...
JPMorgan Chase (JPM) earnings Q2 2024
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report...
Delta CEO says Paris Olympics will cost it $100 million
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather.Stefano Rellandini | Afp | Getty ImagesFor more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands...
NFL open to private equity team ownership, Roger Goodell says
Roger Goodell, Commissioner of the NFL, after the morning-session at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.Kevork Djansezian | Getty ImagesThe National Football League is considering allowing minority private equity...
Banks get closer to releasing deposits of stranded customers
Oscar Wong | Moment | Getty ImagesThere may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress...
PepsiCo (PEP) earnings Q2 2024 earnings
Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks...
FanDuel, DraftKings prepare for gambling rise
The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics.Sopa Images | Lightrocket | Getty ImagesSportsbooks and daily fantasy operators are preparing for a Summer Olympics...
Audi, Inter Miami CF strike multiyear partnership
Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team's official automotive partner.Courtesy: AudiAudi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF.The Volkswagen-owned company...
Pfizer weight loss pill moves forward as once-daily version
Sopa Images | Lightrocket | Getty ImagesPfizer on Thursday said it will move forward with a once-daily version of its weight loss pill, danuglipron, after it saw "encouraging" data in an ongoing early-stage trial.The company evaluated several once-daily formulations...
Delta Air Lines (DAL) earnings Q2 2024
Nurphoto | Nurphoto | Getty ImagesDelta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts' estimates.Shares of Delta fell about 7% in premarket trading. Here's...
Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023.Kena Betancur | Corbis News | Getty ImagesYou will soon have to pay more if you want to shop at Costco.The membership-based warehouse club said Wednesday that it will increase its membership fee...
NASA still expects Starliner to return astronauts from ISS
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100...
FTC to sue PBMs over drug prices including insulin, source says
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Federal Trade Commission is planning to sue...
Walmart to open five automated distribution centers
Automated distribution centers for Walmart grocery business.Courtesy: WalmartWalmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows.The...
First Ariane 6 launch of European rocket
This photograph shows the takeoff of the European Space Agency satellite launcher Ariane 6 rocket from its launch pad, at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024.Jody Amiet | AFP | Getty ImagesThe powerful European-built Ariane 6 rocket made...
Why home prices are still rising even as inventory recovers
Anyone out shopping for a home today knows there is still precious little for sale.The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange...
Non-alcoholic beer maker Athletic Brewing raises $50 million
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s non-alcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty ImagesLeading non-alcoholic brewer Athletic Brewing Company...
Gravitics lands $125 million order from Axiom
A pathfinder for Gravitics' 4-meter space station module design in use for developing manufacturing and assembly methods.GraviticsWashington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in...
Why theater owners are worried
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesMore consolidation, more problems — that's the latest fear gripping the theatrical industry.After a monthslong negotiation process, Paramount and Skydance have struck a merger...
Streaming alliances top of mind
Drew Angerer | Getty ImagesMedia and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances.Allen & Co.'s annual conference, often referred to as "summer camp for billionaires," kicks...
Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019.Mulugeta Ayene | ReutersBoeing has agreed to plead guilty to criminal fraud tied to the fatal 737 Max crashes, a...
Walmart, Chipotle criticized over prices
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers' to-do lists.Customers didn't necessarily see it that way. On TikTok, some...
Paramount agrees to merge with Skydance, ending Redstone era
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesParamount Global has agreed to merge with Skydance, capping off a monthslong negotiation, in a deal that would see the Redstone family step away from...
Airline profits lag even as travel demand breaks records
Passengers pass through O'Hare airport in Chicago, July 3, 2024.Scott Olson | Getty ImagesRecord summer air travel demand isn't translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this...
GlobalFoundries hiring as semiconductor chip demand rises
The semiconductor industry is recruiting workers in a tight labor market, as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed.It's also staring down a projected shortfall of...
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty ImagesSaks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers.The combination will establish Saks Global,...
Bertoletti wins after Joey Chestnut debacle
Patrick Bertoletti, Geoffrey Esper and other contestants compete in the 2024 Nathan's Famous Fourth of July International Hot Dog Eating Contest at Coney Island in New York City, U.S., July 4, 2024.Jeenah Moon | ReutersThere's a new top dog in the frankfurter eating...
NWSL draws private-equity interest as team valuations soar
Women's soccer is bringing private equity off the sidelines.While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive,...
Skydance Paramount deal for Redstone’s National Amusements revived
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Mike Blake | ReutersDavid Ellison's Skydance has reached a preliminary deal with Shari Redstone's National Amusements to merge with...
Ferrari’s success as a luxury brand comes down to five secrets
In the world of luxury, Hermès is arguably the gold standard.Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for...
Ford sales Q2 2024 edge 1% higher
Ford Mustang Mach E electric vehicles are offered for sale at a dealership on June 05, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesFord sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said...
United Airlines texts travelers live radar maps to explain delays
A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois.Daniel Slim | AFP | Getty ImagesDon't believe bad weather is the reason your United Airlines flight is delayed? The airline will now text you...
McDonald’s, Yum, Wendy’s test tech
The drive-thru menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024.Smith Collection | Gado | Archive Photos | Getty ImagesSearching for ways to lower labor costs, restaurants are hoping...
Concerns grow over gambling addiction in the military
Sinenkiy | Istock | Getty ImagesIn the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler...
Florida Panthers games are to E.W. Scripps local broadcast stations
Sergei Bobrovsky #72 and the Florida Panthers celebrate the Stanley Cup win following a 2-1 victory over the Edmonton Oilers in Game Seven of the 2024 NHL Stanley Cup Final at Amerant Bank Arena on June 24, 2024 in Sunrise, Florida. Bruce Bennett | Getty Images Sport...
FDA approves Eli Lilly Alzheimer’s drug donanemab
A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana.Scott Olson | Getty ImagesThe Food and Drug Administration on Tuesday approved Eli Lilly's Alzheimer's drug donanemab, expanding...
Peloton staves off liquidity crunch in global refinance
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesPeloton no longer faces an imminent liquidity crunch after a massive...
GM Q2 2024 auto sales: Best since 2020
DETROIT — General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles.The Detroit automaker on Tuesday reported sales of 696,086 for the second quarter, up 0.6% from a year...
Media mogul Barry Diller weighs a bid to gain control of Paramount
A new suitor for Paramount Global has emerged.Media mogul Barry Diller is taking a look at acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount, CNBC's David Faber reported on Tuesday.Diller's IAC, an...
Americans caught in fintech’s false FDIC promise
Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Indiana. She has been locked out of her Yotta banking account since May 11.Courtesy: Natasha CraftWhen Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to...
NFL, RedBird’s EverPass lines up Sunday Ticket in bars, restaurants
Football fans watch the NFL Super Bowl XLVIII game between the Denver Broncos and the Seattle Seahawks on at a sports bar in New Jersey on February 2, 2014.Cem Ozdel | Anadolu Agency | Getty ImagesA satellite dish is no longer the only way bars and restaurants can air...
Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises
A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024.Spencer Platt | Getty ImagesManhattan is becoming a buyer's market as apartment prices fell and inventory rose in the second quarter of 2024, according...
Paramount wants a streaming partner. Warner Bros. Discover is interested
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesParamount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. If it...
Boston Celtics for sale after NBA championship
A "Believe In Boston" flag flies during the duck boat parade celebrating the team's 18th NBA championship. Stan Grossfeld | Boston Globe | Getty ImagesThe National Basketball Association champions are up for sale.The Boston Celtics' ownership group announced Monday...
Inside Starbucks plans to improve stores
Starbucks Coffee shop in Krakow, Poland on February 29, 2024. Beata Zawrzel | Nurphoto | Getty ImagesStarbucks cafes across the country are starting to change how they make drink orders, among other tweaks designed to reduce bottlenecks and long wait times that have...
U.S. plans to seek guilty plea from Boeing over fatal 737 Max crashes
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7,...
Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal
Boeing Co. 737 fuselage sections sit on the assembly floor at Spirit AeroSystems in Wichita, Kansas.Daniel Acker | Bloomberg | Getty ImagesBoeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane...
‘Inside Out 2’ tops $1 billion at global box office, first since ‘Barbie’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarDisney and Pixar's "Inside Out 2" is the newest member of the billion-dollar club.The animated feature has tallied $1.014 billion worldwide as of Sunday,...
Fathom, joint venture of AMC, Regal, Cinemark, makes major gains
At a time when the box office is starved for content and audiences seem pickier than ever, Fathom Events is posting record revenue gains.For 20 years, the joint venture between AMC, Regal and Cinemark has been best known for bringing alternative content to the big...
More companies stay quiet, but donations keep flowing
Parade participants are seen marching during the 2024 Kentuckiana Pride Parade on June 15, 2024 in Louisville, Kentucky. Stephen J. Cohen | Getty ImagesPride month is winding down — and this year, the corporate world took a more cautious approach.June tends to bring a...
Bandit Running Unsponsored Project decks out Olympic hopefuls
Christopher Royster, left, and JT Smith, athletes who participate in Bandit Running's Unsponsored Project, at the 2024 Olympic trials in Eugene, Oregon.Courtesy: Bandit RunningThere's an army of unsponsored athletes commanding attention at the U.S. Track & Field...
Next food and beverage trends include honey, tinned fish
The budding trends in food sound like a return to the diet of cavemen: Fish is the hottest protein, honey is the flavor du jour and game meat is an upgrade to charcuterie boards.That's according to the hundreds of items on display at the Summer Fancy Food Show, a...
All the car options on the ‘electrified’ market
GM launched 'EV Live,' a free online platform that connects electric vehicle owners or consumers who have questions about zero-emissions cars and trucks with an expert who can answer them.Courtesy: GMDETROIT — Purchasing a vehicle has never been that easy. But...
$30,000 EV coming in two and a half years, at a profit
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023.Nathan Howard | Getty ImagesFord Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley...
Boeing delays Starliner return, NASA says astronauts aren’t stranded
Boeing's Starliner spacecraft is pictured docked to the International Space Station orbiting above Egypt's Mediterranean coast on June 13, 2024.NASANASA and Boeing are further extending the first Starliner crewed flight but are not yet setting a new target date for...
Nike CEO John Donahoe under fire from Wall Street after Q424 report
John Donahoe, attends the first day of the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesNike CEO John Donahoe appears to be on thin ice. The former top executive of eBay, who has been at the helm of Nike since...
Tractor Supply ends DEI, Pride support and carbon goals
Shoppers are seen at the parking lot of a Tractor Supply Co. store near Bloomsburg. Paul Weaver | SOPA Images | Lightrocket | Getty ImagesTractor Supply, a retail chain that sells home improvement equipment, livestock and agricultural supplies for farmers and pet...
Pfizer stock recovers after Covid decline but some employees struggle
Kena Betancur | Corbis News | Getty ImagesPfizer had a "phenomenal" first quarter — and Wall Street took notice, CEO Albert Bourla told thousands of employees during a companywide town hall on May 2, according to a recording heard by CNBC. A day earlier, the...
Rivian investor day focuses on cost reductions, efficiency gains
A Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn't enough to build on the company's significant share growth this week.Shares of the all-electric vehicle startup fell by...
Drug prices have risen almost 40% over the past decade
Mike Mergen | Bloomberg | Getty ImagesThe cost of prescription medications in the U.S. has increased 37% since 2014, far surpassing the rate of inflation, according to data from drug savings company GoodRx.Though the price increases have slowed this year in comparison...
Nike (NKE) earnings Q4 2024
Nike shoes and logo are seen at a store in Nice, France on May 28, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of Nike plunged on Thursday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it...
Tesla loses its EV quality edge
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty ImagesTesla is losing its lead over legacy automakers in the quality of its new all-electric...
Home prices begin to cool as active listings jump 35%
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBCSome of the heat is coming out of home prices, even though they're still higher than they were a year ago.Several new reports show the price gains are shrinking and home sellers are...
Chinese automakers expected to achieve 33% global market share by 2030
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty...
SpaceX wins NASA contract for ISS reentry destruction
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024.Maxar Technologies | Via ReutersNASA will have a spacecraft from Elon Musk's SpaceX guide the International Space Station's destruction later this...
How Walmart’s Sam’s Club is trying to take on Costco’s Kirkland
Stuck at home during the Covid pandemic, Megan Crozier needed a way to keep her two young children entertained. She bought an inflatable pool from Sam's Club.The pool began leaking air after just a few uses.For Crozier, chief merchant of the Walmart-owned membership...
JPMorgan Chase says Fed stress test results contained an error
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 said late...
Walgreens (WBA) earnings Q3 2024
In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California. Justin Sullivan | Getty ImagesWalgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit...
All 31 banks pass annual exercise
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, D.C., on March 29, 2023.Kevin...
Levi (LEVI) earnings Q2 2024
Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their...
Morgan Stanley OpenAI-powered assistant to roll out for wealth advisors
Bing Guan | Bloomberg | Getty ImagesMorgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over thousands of hours of labor for the bank's financial advisors.The assistant, called Debrief, keeps...
Biden to lower some drug costs through inflation penalties
US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on Thursday, Dec. 14 2023. Chris Kleponis | Bloomberg | Getty ImagesThe Biden administration on Wednesday said it will impose inflation penalties on 64...
Southwest Airlines cuts revenue forecast
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii.Kevin Carter | Getty ImagesSouthwest Airlines shares fell roughly 4% in premarket trading on Wednesday after the...
YouTube dominates streaming, forces media companies to adapt
It's been almost 20 years since the founding of Alphabet's YouTube, and Hollywood still doesn't really know what to do with it.YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it's no longer just...
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors' Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO.Whitten was a founding engineer at Microsoft's Xbox before leaving the company after more than 17 years to become chief...
FedEx (FDX) earnings Q4 2024
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California.Justin Sullivan | Getty ImagesFedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings...
Volkswagen takes $1 billion stake in EV maker
Workers assemble second-generation R1 vehicles at electric automaker Rivian's manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersVolkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an...
U.S. auto sales are expected to slow during the second half of 2024
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States...
Housing affordability deteriorates as prices, mortgage rates stay high
Home prices set another record high in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history.Prices in April rose 6.3%...
Delta, United compete to be America’s luxury airline
An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines is the country's most profitable airline. CEO Ed Bastian's challenge is to make sure his carrier stays on top.The airline's unit revenue, the amount it brings in for every...
VW 2025 Jetta updated to boost sales
Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns.The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third...
Delta One JFK lounge opens. Here’s what’s inside
The bar at the Delta One lounge at New York's John F. Kennedy International Airport.Leslie Josephs | CNBCDelta Air Lines' most exclusive airport lounge opens this week to travelers flying on the right ticket.The Delta One lounge at the carrier's hub in John F. Kennedy...
Disney Pixar ‘Inside Out 2’ could top $1 billion at box office
In Disney and Pixar's "Inside Out 2," Riley's Sense of Self is made up of all of her beliefs, each of which can be heard with the pluck of a string. Sadness (voice of Phyllis Smith) and Joy (voice of Amy Poehler) deliver key memories to this formative land.Disney |...
Novo Nordisk to boost output of Wegovy, Ozempic with new NC facility
Novo Nordisk's new manufacturing facility in Clayton, North Carolina.Courtesy: Novo NordiskNovo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss...
Ferrari CEO Benedetto Vigna: All-electric model preserves ’emotion’
Ferrari's all-electric model won't be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna."The final judge will be the client," Vigna told CNBC during the opening of...
Paramount+ to increase prices for its streaming plans
Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business.The company said Monday it will raise the price of the Paramount+ with Showtime plan by $1 to $12.99 a month, and the price of its Paramount+...
Shein confidentially files for London IPO
Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty ImagesFast fashion giant Shein has confidentially filed for a public listing in London, a person familiar with the matter told CNBC. It...
Target taps Shopify to add sellers to its third-party marketplace
Target is turning to Shopify to add new and trendier brands to its website.Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Some of Shopify's customers are smaller or...
Eli Lilly expects FDA decision on Zepbound for sleep apnea as early as end of year
Eli Lilly on Friday said it applied for U.S. approval of its weight loss drug Zepbound for the treatment of the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year.If cleared by the Food and Drug...
Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty...
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn't move much in May as prices hit a new record and mortgage rates remain high.So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized...
Forever 21 seeks rent concessions, facing financial struggles
A fashion retail Forever 21 store is pictured in in London on September 30, 2019. Fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection in the US.Alberto Pezzali | NurPhoto | Getty ImagesForever 21 is asking landlords for a break on rent as the...
Shein US IPO is dead, experts say
The Shein logo can be seen on a smartphone, while the Chinese online retailer's website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty ImagesChina-founded e-commerce company Shein's hopes of going public in the United States are growing slimmer by...
SpaceX unveils ‘Starlink Mini’ satellite internet antenna for $599
Starlink Mini promotional image.SpaceX customer email sent June 19, 2024.SpaceX is rolling out a compact version of its Starlink antennas called "Mini," which the company is advertising as a mobile option for its satellite internet customers."Starlink Mini is a...
Gilead PrEP lenacapavir succeeds in Phase 3 trial
Gilead's experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday.None of the roughly 2,000 women in the trial who received the lenacapavir shot had contracted HIV by an interim analysis, prompting the...
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas.Callaghan O'Hare | Bloomberg | Getty ImagesCasual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday.While...
Darden Restaurants (DRI) Q4 2024 earnings
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as Olive...
Inside Out 2, Despicable Me 4 could boost box office
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarA big piece has been missing from the box office — family films.A handful of kid-friendly hits — Universal's "Super Mario Bros." chief among them — have...
Watch live Boeing CEO Dave Calhoun Senate testimony
[The stream is slated to start at 2:00 PM ET. Please refresh the page if you do not see a player above at that time.]Boeing CEO Dave Calhoun will face questions from the Senate Permanent Subcommitee on Investigations on Tuesday over quality control concerns and...
Detroit automakers need to exit China, BofA analyst says
Employees on the assembly line produce cars in Mazda's "Family" line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China.China Photos | Getty ImagesDETROIT – The traditional Detroit...
How the once-promising EV maker went bottom-up
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California.Patrick T. Fallon | AFP | Getty ImagesFisker on...
Gen X stands to gain the most, study finds
Fg Trade | E+ | Getty ImagesGeneration X may be the biggest beneficiaries from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study.While millennials and members of Generation Z are expecting the biggest inheritances in the coming...
Warren warns Powell against weakening Basel III Endgame regulations
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSen....
Boeing CEO Dave Calhoun heads to Senate hearing over safety
Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues including the grounding of the 737 MAX 9 planes.Tom Williams | Cq-roll Call,...
FDA approves Merck pneumococcal disease vaccine designed for adults
Zoom In IconArrows pointing outwardsMerck's new pneumococcal vaccine. Courtesy: MerckThe Food and Drug Administration on Monday approved Merck's new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung...
Eli Lilly CFO Anat Ashkenazi on managing soaring demand for GLP-1s
A pharmacist holds boxs of Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023. George Frey | Bloomberg | Getty ImagesSkyrocketing demand for a class of weight loss and diabetes treatments has...
‘Inside Out 2’ box office opening hits $155 million domestically
Disney and Pixar brought a big dose of joy to the box office this weekend."Inside Out 2" debuted with an estimated $155 million domestically, the second-highest theatrical opening of an animated film and the first film since Warner Bros.' "Barbie" to top $100 million...
Candy makers face steep cocoa prices, get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty ImagesThere's pricing pressure taking hold of a specific corner of global agriculture...
Boeing and NASA delay Starliner astronaut return to June 22
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024. Maxar Technologies | Via ReutersBoeing's Starliner capsule "Calypso" will stay at the International Space Station twice as long as the mission...
‘Inside Out 2’ arrives in theaters for increasingly rare 100-day run
In Disney and Pixar's "Inside Out 2," Joy, Sadness, Anger, Fear and Disgust meet new emotions.Disney | PixarDisney is looking to bring a little joy to theaters with its upcoming release of Pixar's "Inside Out 2."Current expectations see the animated sequel easily...
Christina Lewis launches Beatrice Advisors multifamily office
Christina Lewis, founder of Beatrice Advisors, at her home office with a portrait of her father, Reginald Lewis.Cindy JohnsonChristina Lewis had her first asset allocation meeting with her wealth manager when she was 13.“I remember the meeting well,” Lewis said. “It...
Pentagon picks Blue Origin, SpaceX, ULA in $5.6 billion rocket program
A mass simulator version of a New Glenn rocket is moved for testing in November 2021.Blue OriginThe Pentagon announced the first winning bidders in its rocket launch contract sweepstakes on Thursday, with Jeff Bezos' Blue Origin grabbing a spot for the first time.Blue...
Tyson Foods suspends CFO John R. Tyson after second arrest
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022.Leigh Vogel | Getty ImagesTyson Foods said on Thursday it has suspended its chief financial officer, John R....
Netflix needs NFL Christmas games broadcast partner
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty ImagesNetflix is trying to get ready...
Stellantis has achieved $9 billion in cost reductions from merger
Stellantis CEO Carlos Tavares speaks to media on June 13, 2024 following the company's investor day at its North American headquarters in Auburn Hills, Mich.Michael Wayland / CNBCAUBURN HILLS, Mich. – Stellantis has achieved 8.4 billion euros ($9 billion) in cost...
GameStop annual shareholder meeting 2024 servers crash
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | ReutersGameStop's annual shareholder meeting was disrupted by computer problems Thursday, as servers crashed...
Jeep sales expected to grow 50% by 2027
Jeep Wagoneer S Trailhawk EV conceptMichael Wayland / CNBCAUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased...
Ford ends EV dealership program
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023.Nathan Howard | Getty ImagesFord Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1...
Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims
3alexd | E+ | Getty ImagesA humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected by the automaker.The...
Inside Abercrombie and Fitch’s comeback
Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged...
Paramount Skydance deal ends. What happens next
A view of Paramount Studios in Los Angeles, Sept. 26, 2023.Mario Anzuoni | ReutersNational Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what's next for the legacy media giant during a tumultuous period...
Sony Pictures buys Alamo Drafthouse theater chain
Interior of an Alamo Drafthouse Cinema theater.Alamo DrafthouseFor the first time in more than 75 years, a major Hollywood studio will own a movie theater chain.Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America, the...
Fisker recalls thousands of Ocean EVs for safety and compliance issues
The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021. Kyle Grillot | Bloomberg | Getty ImagesElectric vehicle startup Fisker announced on...
Southwest CEO vows change as activist Elliott pushes for new leadership
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024.Mike Blake | ReutersSouthwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as pressure from an activist investor mounts."We will...
Cost cuts, China come into focus
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022.Massimo Pinca | ReutersDETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. That's...
Jake Paul launching men’s skin care line at Walmart
Jake Paul is launching a personal care brand geared toward men.Courtesy: WJake Paul is entering a new arena: skin care.The YouTube influencer turned-boxer announced on Wednesday the launch of "W," a skin care company targeted toward men.The personal care line, which...
National Amusements stops Skydance talks on Paramount
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesNational Amusements has stopped talks with Skydance on a proposed merger with Paramount Global, ending months of deal discussions without a...
Joey Chestnut out over plant-based partnership
Nathan's Famous Fourth of July International Hot Dog-Eating Contest contestant Joey Chestnut stands next to the Nathan's mascot Frankster, ahead of the official weigh in ceremony in the Manhattan borough of New York City, New York, U.S., July 2, 2021.Angus Mordant |...
Affirm buy now, pay later loans coming later this year
Chris Ratcliffe | Bloomberg | Getty ImagesApple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday.Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year,...
GM trims 2024 EV forecast amid slower-than-expected demand
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT – General Motors is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower...
Warner Bros. Discovery strikes French Open U.S. broadcast deal
Spain's Rafael Nadal reacts as he plays against Germany's Alexander Zverev during their men's singles match on Court Philippe-Chatrier on day two of The French Open tennis tournament at The Roland Garros Complex in Paris on May 27, 2024. Anne-christine Poujoulat | AFP...
GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board.The new buyback authorization comes as an...
WNBA reports record TV viewership, highest game attendance in 26 years
Indiana Fever guard Caitlin Clark (22) maneuvers past Washington Mystics guard Ariel Atkins (7) and Washington Mystics guard DiDi Richards (12) during the Washington Mystics-Indiana Fever WNBA game at Capital One Arena in Washington, D.C., on June 7, 2024.Craig Hudson...
Disney World’s Tiana’s Bayou Adventure Splash Mountain revamp
Tiana's Bayou Adventure opens June 28 at Walt Disney World Resort in Florida! The ride will take guests on a musical adventure picking up after the events of the Walt Disney Animation Studios film, "The Princess and the Frog." Guests will encounter fan-favorite...
FDA advisors recommend Eli Lilly Alzheimer’s drug donanemab
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.'s shares climbed in early US trading after its experimental drug for Alzheimer's slowed the progress of the disease in a final-stage trial, paving the way for the...
UAW President Shawn Fain under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education, Labor and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill in Washington, D.C., on March 14, 2024.Chip...
Delta premium economy service coming to NYC-LA flights
A Boeing 767 passenger aircraft of Delta Air Lines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on Feb. 7, 2024.Charly Triballeau | Afp | Getty ImagesDelta Air Lines said Monday that it will bring its...
Roche alleges counterfeit diabetes medical devices were sold on Amazon
Roche Diabetes Care Inc. Accu-Chek brand glucose test strips are arranged for a photograph in the Brooklyn borough of New York, U.S., on Thursday, April 4, 2019. Alex Flynn | Bloomberg | Getty ImagesRoche, one of the world's largest biotech companies, said "dangerous...
Southwest Airlines faces activist challenge from Elliott
A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Mike Segar | ReutersActivist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for...
Family offices are planning big investments in private companies
Family offices are increasingly becoming their own private equity funds and investing in companies directly, according to a new survey.A majority (62%) of family offices made at least six direct investments last year, where they buy a stake in a private company or...
Moderna combination Covid, flu vaccine shows positive late-stage data
Empty bottles of Moderna's Covid-19 vaccine.Fred Tanneau | AFP | Getty ImagesModerna on Monday said its combination vaccine that targets both Covid-19 and the flu was more effective than existing standalone shots for those viruses in a late-stage trial. The biotech...
Child care crisis costs U.S. businesses
Vadym Buinov | Moment | Getty ImagesThe Covid-19 pandemic brought to the surface both cracks and resilience in the American economy, with child care taking center stage as day cares shuttered, schools went remote and parents attempted to juggle their children with...
FDA approves GSK RSV vaccine for adults 50 to 59
A view shows GlaxoSmithKline headquarters in London, Britain, January 17, 2022.Hannah Mckay | ReutersThe Food and Drug Administration on Friday expanded the approval of GSK's respiratory syncytial virus vaccine to adults ages 50 to 59 who are at increased risk of...
Nadella, Narayen among tech CEOs investing in cricket’s American dream
Cricket may not be as popular a sport in the U.S. as elsewhere in the world, but some high-profile CEOs and investors are trying to change that.As the Men's T20 Cricket World Cup, co-hosted by the U.S. for the first time, ramps up, investors have pumped nearly a...
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
A shopper walks past the American sportswear fashion brand Champion store in Hong Kong.Budrul Chukrut | Getty ImagesHanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash...
Trustee says $85 million of customer savings is missing
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021.Al Drago | Bloomberg | Getty ImagesThere is an $85 million shortfall...
United Airlines launches personalized ads on seat-back screens
Passengers on a Boeing 737 Max-8 plane during a United Airlines flight departing from Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Wednesday, March 13, 2024.Bing Guan | Bloomberg | Getty ImagesNow playing on United Airlines' seat-back...
Spirit Airlines CEO says not considering chapter 11
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 CEO Ted Christie said Friday that the budget airline isn't...
Oscar Health CEO Mark Bertolini set to take on employer market
Mark Bertolini speaking at the CNBC Evolve New York event on June 19. 2019.Astrid Stawiarz | CNBCMark Bertolini has helped Oscar Health move toward profitability, after taking over as CEO of the health insurer a year ago. Now, he says the company's next phase of...
U.S. millionaire population grew by 600,000 last year
B2m Productions | Digitalvision | Getty ImagesThe U.S. far outpaced the rest of the world in minting millionaires last year, adding 600,000 new millionaires and powering record fortunes at the top, according to a new study.America's millionaire population grew 7.3% in...
GM EVs at Costco Auto help drive electric vehicle sales
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023.Kena Betancur | Corbis News | Getty ImagesDETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale.The Detroit...
Rivian R1 pickup and SUV redesigned with Nvidia chips
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday.While the 2025 model-year vehicles do not outwardly look too different than the...
Boeing Starliner ISS docking delayed
Boeing's Starliner capsule is seen while approaching the International Space Station on June 6, 2024 with two NASA astronauts on board.NASA TVBoeing's Starliner capsule is making a delayed docking attempt with the International Space Station on Thursday, after NASA...
PGA, Saudi-backed LIV active discussions merger
The PGA Tour and the Saudi-backed LIV Golf have been in active discussions, according to a person familiar with the matter, one year after the two entities stunned the world and announced on CNBC that they had agreed in principle to join forces.The talks between the...
Boeing CEO Dave Calhoun to testify in Senate hearing June 18
Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner, D-Va., on Capitol Hill in Washington, D.C., on Jan. 24, 2024.Drew Angerer | Getty ImagesBoeing CEO Dave Calhoun will testify before a Senate panel on...
Lululemon (LULU) earnings Q1 2024
Lululemon's growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street's earnings...
SpaceX Starship rocket launching fourth test spaceflight
SpaceX is set to attempt a fourth test flight of its Starship rocket on Thursday, as the company looks to push development of the mammoth vehicle past new milestones.Elon Musk's company has a two hour window, from 8 a.m. ET to 10 a.m. ET, in which to launch Starship...
Walmart hometown Bentonville Arkansas gets more expensive
BENTONVILLE, Ark. — When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road...
American Airlines offers flight attendants raises amid contract talks
American Airlines flight attendants demonstrate outside the White House in Washington, May 9, 2024.Drew Angerer | AFP | Getty ImagesAmerican Airlines CEO Robert Isom offered flight attendants immediate 17% wage increases on Wednesday as contract talks continue without...
Electric air taxi maker gets key FAA signoff
Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, on Aug. 2, 2023.Carlos Barria | ReutersThe Federal Aviation Administration has granted Archer Aviation a key certification that gets the...
Boeing Starliner to launch first NASA astronauts
Boeing aims to launch its first Starliner flight with astronauts on Wednesday, in the latest attempt to fly the long-delayed spacecraft.The launch is scheduled for 10:52 a.m. ET from Cape Canaveral, Florida. Two NASA astronauts will be aboard the Starliner capsule,...
Dollar Tree (DLTR) earnings Q1 2024
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty ImagesDollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand.The company had recently shared plans to...
Walmart rolls out new job training program, bonuses for associates
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers.The big-box retailer said it will also offer another reason for hourly store...
NBA, NHL voice concerns over reorganization
A Bally Sports display is shown in the eighth inning of the game between the Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, April 9, 2023.David Berding | Getty Images Sport | Getty ImagesThe NBA and NHL are concerned over Diamond Sports'...
Max increases prices before House of the Dragon
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesWarner Bros. Discovery's Max announced price increases for its ad-free options on Tuesday, as a range of streamers...
Ford U.S. May sales rise thanks to EVs, hybrids
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024.Danielle DeVries | CNBCDETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared to May of last year, boosted by strong sales growth for all-electric and hybrid...
Paramount outlines job cuts, streaming JV plans at annual meeting
A view of Paramount Studios's water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. Mario Anzuoni | ReutersThe current leadership of Paramount Global presented a go-forward plan...
Up to $5 million to fund small businesses
Ira L. Black - Corbis | Corbis News | Getty ImagesThe U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC.The SBA is launching a working...
Jeep plug-in hybrid SUV sales expected to grow by 40% in 2024
A Jeep Wrangler plug-in hybrid electric vehicle (PHEV) during the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 5, 2023.Stephanie Keith | Bloomberg | Getty ImagesNEW YORK – Jeep plans to grow U.S. sales of its plug-in hybrid electric...
Paramount, Skydance agree to terms of a merge deal
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.Getty ImagesParamount and Skydance have agreed to terms of a merger, which will likely be announced in the coming days, CNBC's David Faber reported Monday.A...
Moderna, Merck cancer vaccine with Keytruda improved survival in trial
Moderna and Merck released more positive three-year data Monday on their experimental vaccine, given to patients with the most deadly form of skin cancer in combination with the therapy Keytruda.The vaccine together with Merck's Keytruda improved survival and showed...
Ford restores Detroit train station for $950 million campus
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit's downfall and blight into a new technology campus for the automaker and mixed-use property for the city.Michael Wayland / CNBCDETROIT – Ford's latest project out of the...
Yotta CEO says 85,000 bank accounts locked
Oscar Wong | Moment | Getty ImagesWhen Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life.Instead, his company has inadvertently been a source of deep pain...
First quarter retail earnings don’t spell consumer comeback
Shoppers at a shopping center in Birmingham, United Kingdom, on February 11, 2024. Nurphoto | Nurphoto | Getty ImagesRetail's biggest winners during first-quarter earnings aren't thriving because consumers are suddenly spending more on discretionary goods – it's...
Pfizer lung cancer drug shows promising long-term trial results
CHICAGO — Pfizer on Friday said its drug for an advanced form of lung cancer showed promising long-term results in a late-stage trial, which may help establish it as the new standard treatment for the condition.The company's medicine helped patients live longer...
FDA approves Moderna RSV vaccine for seniors
The FDA has approved Moderna's RSV vaccine for older adults.Courtesy: ModernaThe Food and Drug Administration on Friday approved Moderna's vaccine for respiratory syncytial virus for adults ages 60 and above, the company's second-ever product to enter the U.S....
Aston Martin gets a boost from Formula 1, new models
With a parade of new models and a marketing tailwind from Formula 1, sports car maker Aston Martin expects to become cash-flow positive this year, according to executive chairman Lawrence Stroll."We're now at a really transitional moment, with an inflection point for...
Nordstrom (JWN) Q1 2024 earnings
A Citi Bike docking station outside the Nordstrom flagship store in New York on Feb. 21, 2024.Bing Guan | Bloomberg | Getty ImagesNordstrom on Thursday fell short of Wall Street's quarterly earnings expectations as its off-price chain Rack outperformed the rest of its...
Ulta Beauty (ULTA) earnings Q1 2024
Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown.Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over year, a stark slowdown from...
Gap (GPS) earnings Q1 2024
A Gap store in New York, US, on Monday, May 27, 2024. Gap Inc. is scheduled to release earnings figures on May 30. Bloomberg | Bloomberg | Getty ImagesGap posted positive comparable sales at all four of its brands on Thursday, leading the apparel giant to raise its...
Jeep’s first global all-electric SUV at $72,000
2024 Jeep Wagoneer S EVJeepNEW YORK – The first all-electric Jeep SUV for the U.S. will be the 2024 Wagoneer S, starting at about $72,000 when it's scheduled to go on sale this fall.The Stellantis-owned brand revealed the vehicle and pricing Thursday, portraying it as...
Consumers, businesses have turned cautious
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersU.S. consumers...
April pending home sales hit lowest level since start of pandemic
A "sale pending" sign is posted in front of a home for sale in San Anselmo, California, on Nov. 30, 2023.Justin Sullivan | Getty Images News | Getty ImagesSigned sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April...
AI cancer screening is booming, most not covered by insurance
Artificial intelligence for cancer screening has taken off.Yet most of those new programs aren't covered by Medicare or private insurers, which creates headwinds for companies looking to boost adoption and for patients who could benefit from the new technology....
Boeing FAA safety plan is due. Here’s what to expect
Boeing 737 Max 8 fuselages manufactured by Spirit Aerosystems in Wichita, Kansas are transported on a BSNF train heading west over the Bozeman Pass March 12, 2019 in Bozeman, Montana. William Campbell | Corbis News | Getty ImagesBoeing CEO Dave Calhoun and other top...
New women’s pro basketball league Unrivaled nets star investors
Napheesa Collier #24 of the Minnesota Lynx shoots a free throw during the game against the New York Liberty on May 25, 2024 at Target Center in Minneapolis, Minnesota. Jordan Johnson | National Basketball Association | Getty ImagesA new women's basketball league has...
Kohl’s (KSS) earnings Q1 2024
Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight...
Best Buy (BBY) Q1 2025 earnings
Best Buy on Thursday missed Wall Street's quarterly sales expectations, but stressed higher profits and lower costs as softer demand for consumer electronics continues.The retailer beat on earnings per share and stuck by its full-year forecast. It expects revenue will...
Foot Locker (FL) earnings Q1 2024
Foot Locker's turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also reaffirmed its fiscal year...
McDonald’s menu items cost 40% more than in 2019 on average, exec says
A sign is posted in front of a McDonald's restaurant in San Leandro, California, Feb. 6, 2024.Justin Sullivan | Getty ImagesA top McDonald's executive is weighing in on claims that the company has jacked up its prices.Joe Erlinger, president of McDonald's USA, said in...
American Eagle (AEO) earnings Q1 2024
American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless, revenue gained 6% year over...
Nelson Peltz sells Disney stake
Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC.Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades for about...
Affordable Jeep EV coming ‘very soon’ to the U.S.
Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on Oct. 17, 2022.Nathan Laine | Bloomberg | Getty ImagesStellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. "very soon" to better attract mainstream...
Nissan issues ‘do not drive’ alert for 84,000 older models
A Nissan Sentra sits on the lot of a dealership in Evanston, Illinois, on Nov. 12, 2010.Scott Olson | Getty ImagesNissan has warned owners of older vehicles to drop driving cars equipped with recalled, unrepaired Takata airbags the National Highway Traffic Safety...
Cadillac Optiq EV to start at $54,000
2025 Cadillac OptiqCadillacDETROIT – General Motors' new entry-level 2025 Cadillac Optiq electric vehicle will start at $54,000, the company said Wednesday.The compact-sized crossover is set to be Cadillac's fourth electric vehicle when it goes on sale later this...
American Airlines cuts growth after sales strategy backfires
American Airlines planes sit at the gate at Los Angeles International Airport (LAX) in Los Angeles, California, on July 26, 2023.Daniel Slim | AFP | Getty ImagesAmerican Airlines will slash its capacity growth in the second half of the year and consider a host of...
Ro launches GLP-1 supply tracker to help patients navigate shortages
GLP-1 Supply Tracker from Ro. Courtesy: RoTelehealth company Ro on Wednesday launched a new tracker to help patients find a popular class of weight loss and diabetes drugs called GLP-1s amid shortages of those treatments in the U.S.The supply tracker could be a...
Abercrombie & Fitch (ANF) earnings Q1 2024
An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City. Michael M. Santiago | Getty ImagesAbercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that...
AST SpaceMobile, Verizon partner on satellite internet
The company's Block 1 BlueBird satellites undergoing thermal vacuum testing in preparation for launch.AST SpaceMobileSatellite-to-phones service provider AST SpaceMobile announced a partnership with Verizon on Wednesday, adding to the company's recent deal with...
Dick’s Sporting Goods (DKS) earnings Q1 2024
A shopping cart sits in front of a Dick's Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty ImagesDick's Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading...
American Airlines cuts outlook, says chief commercial officer is leaving
American Airlines passenger jets are lined up at the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on Feb. 10, 2024.J. David Ake | Getty ImagesAmerican Airlines slashed its sales outlook on Tuesday. The company has also let go of its chief...
Starbucks union negotiations set to resume
People picket outside of a Starbucks store in New York's East Village as Starbucks Workers United have announced that they are waging the company's largest strike Thursday on the coffee company's Red Cup Day on November 16, 2023 in New York City. Spencer Platt | Getty...
Porsche 911 hybrid sports car revealed for $164,900
2025 Porsche 911 Targa 4 GTS hybrid sports carPorschePorsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900.The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German...
McDonald’s CosMc’s chain expansion
The purple coloring of CosMc's Tropical Spiceade comes from the mix of lemonade, pineapple flavoring and dragonfruit.Nearly six months since McDonald's opened its first CosMc's location, the hours-long drive-thru lines have died down, but the chain is just getting...
