Business
Norovirus vaccine from Moderna could have Phase 3 results this year
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesNorovirus is raging across the U.S. this winter. Moderna might soon have a vaccine for it. A large phase...
Airlines flex pricing power, signaling higher fares in 2025
Travelers walk through O'Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty ImagesHigher airfare is in store this year as strong demand, even during the dead of winter, and...
Store closures rise, led by Party City, Big Lots, Walgreens
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty ImagesStore closures in the U.S. last year hit the highest level since the pandemic — and even more locations are...
Shein exec Donald Tang says Trump tariffs should be applied equally
A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | ReutersShein's ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are "applied equally," the company's executive chairman Donald Tang said on...
Adidas to cut up to 500 jobs
Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024.Justin Sullivan | Getty ImagesAdidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will...
GM’s newest performance vehicle is a Cadillac called the Lyriq-V
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.Cadillac expects to achieve that target with an expanding...
Top sports agent says WNBA salaries are ‘blatantly unfair’
The WNBA has a salary problem, and it's "blatantly unfair to its players," according to top sports agent Jeff Schwartz.Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to...
Christie’s CEO Bonnie Brennan is targeting younger collectors, crypto
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Art house Christie's is aiming to tap the next...
Morgan Stanley CEO Ted Pick says will work with regulators
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets.Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On...
American Airlines (AAL) 4Q 2024 earnings
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesAmerican Airlines' first-quarter earnings outlook on Thursday fell short of...
CNN to lay off hundreds of employees post-inauguration, sources say
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024.John Nowak | CNN | Via ReutersWarner Bros. Discovery's CNN plans to lay off hundreds of employees Thursday as...
Stellantis chairman details U.S. investments for Jeep, Ram to Trump
Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024.Massimo Pinca | ReutersDETROIT — Stellantis Chairman John Elkann detailed several upcoming plans...
Family offices assistants earn as much as $190,000 a year
Martin-dm | E+ | Getty ImagesGood help is hard to find. Family offices, the private investment firms of the ultra-wealthy, are increasingly willing to pay extra for it.The talent war between family offices and Wall Street has driven up salaries not only for top...
Retail crime ‘queenpin’ Michelle Mack to pay restitution to Ulta
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to pay those retailers back as part of her sentence.Michelle Mack, who...
U.S. stock market is ‘inflated’
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCJPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock...
Jamie Dimon on Trump’s tariffs: ‘Get over it’
JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively.Despite fears that the duties could spark a global trade war and reignite inflation domestically, the...
Procter & Gamble (PG) Q2 2025 earnings
Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California. Justin Sullivan | Getty ImagesProcter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, thanks...
United Airlines (UAL) 4Q 2024 earnings
A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty ImagesUnited...
Netflix raises prices on standard, ad-supported plans
The word "Netflix" shines brightly at the presentation of the new season (3) of the Netflix series "Bridgerton" in the Flora.Rolf Vennenbernd | Picture Alliance | Getty ImagesNetflix is hiking the price of most of its U.S. plans.The streaming giant announced on...
‘Moana 2’ tops $1 billion, extending Disney’s box office domination
Dwayne Johnson voices Maui in Disney Animation's "Moana 2."DisneyThe Walt Disney Company's box office domination continued over the holiday weekend."Moana 2" topped $1 billion during the Martin Luther King Jr. Day weekend, becoming the studio's third 2024 release to...
Netflix (NFLX) earnings Q4 2024
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, its recent collection...
Eric Schmidt’s family office invests AI startups
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Eric Schmidt, the billionaire former CEO of Google ,...
Goldman Sachs launches AI assistant as the tech sweeps banking
Goldman Sachs GS AI AssistantCourtesy: Goldman SachsGoldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee,...
Financial industry will embrace crypto if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.The head of the second-largest U.S. bank by assets was asked by CNBC's Andrew Ross Sorkin about how the industry's approach...
FDA approves Johnson & Johnson nasal spray Spravato for depression
This photo provided by Janssen Global Services shows Spravato nasal spray.Janssen Global Services via APThe Food and Drug Administration on Tuesday approved Johnson & Johnson's nasal spray to be used alone in adults with a major depressive disorder that is...
Products and companies most at risk
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesMany of the items that U.S. shoppers browse and buy in retailers' aisles come from far-away factories or farms — a reality that could soon force many consumers...
FAA grounds SpaceX Starship, reports property damage in Caribbean
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APThe Federal Aviation Administration said on Friday that SpaceX's Starship rocket is grounded until the company and regulator complete an...
FTC sues PepsiCo over price discrimination
Cans of Pepsi are on display at a Target store in the Flatbush neighborhood of Brooklyn, New York City, on Feb. 9, 2024.Michael M. Santiago | Getty ImagesThe Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the...
Unrivaled women’s basketball league debuts Friday
Unrivaled 3-on-3 women's basketball leagueCourtesy: UnrivaledUnrivaled, a new 3-on-3 women's professional basketball league, launches Friday, presenting both a major test and opportunity for women's sports to boost its growing profile in the United States.The league,...
Medicare drug price negotiations list includes Ozempic
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. George Frey | ReutersThe Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and...
Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
A Zoox robotaxi sits outside the company's large office and warehouse in Las Vegas.Michael Wayland / CNBCLAS VEGAS — This year is expected to be a crucial one for Amazon's autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its...
Wall Street banks see deal activity picking up, even after record results
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC,...
Starship rocket breaks up midflight, but SpaceX catches booster again
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APSpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the upper stage of the rocket that...
Investors pitch NBA rival basketball league advised by Maverick Carter
Maverick Carter, co-founder and chief executive officer of The SpringHill Company, during the USC Next Level Sports Conference in Los Angeles, California, US, on Thursday, Oct. 17, 2024. Kyle Grillot | Bloomberg | Getty ImagesA group of high powered investors want to...
LIV Golf, Fox Sports announce multiyear media rights deal
A general view of the 18th green the LIV Golf logo and Club 54 during the 3rd round of the LIV Golf Invitational Series Bedminster on July 31, 2022 at Trump National Golf Club in Bedminster, New Jersey.Rich Graessle | Icon Sportswire | Getty ImagesLIV Golf announced...
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier...
First New Glenn rocket reaches orbit
Blue Origin's New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on January 16, 2025.Gregg Newton | Afp | Getty ImagesBlue Origin launched its towering New Glenn rocket for the first time...
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
A Spirit Airlines plane at New York's LaGuardia AirportLeslie Josephs/CNBCSpirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November."We are...
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesDETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last...
Target reports holiday sales early Q4 2024 earnings
Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York. Lindsey Nicholson | Getty ImagesTarget raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday...
Morgan Stanley (MS) earnings Q4 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday.Here's what Wall...
Bank of America (BAC) earnings Q4 2024
Brian Moynihan, CEO of Bank of America, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBank of America reported fourth-quarter earnings before the opening bell Thursday.Here's what the company...
JPMorgan Chase boosting buybacks after Dimon called stock expensive
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Ludovic Marin | Via ReutersJPMorgan Chase executives said the bank...
Medicare $2,000 prescription drug cap may save enrollees thousands: AARP
Most Medicare patients who hit the new $2,000 cap on out-of-pocket spending for prescription drugs could see massive savings, despite changes in premiums, according to a report released Thursday by AARP. The findings suggest the cap could be a huge benefit to older...
FTC sues Deere over equipment repair costs for farmers
John Deere booth signage is displayed at CES 2023 at the Las Vegas Convention Center on January 6, 2023 in Las Vegas, Nevada.David Becker | Getty ImagesThe Federal Trade Commission has sued agricultural equipment giant Deere & Company, arguing it holds a monopoly...
Schizophrenia drug Cobenfy could treat Alzheimer’s
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb believes Alzheimer's is the largest market for its newly approved...
Firefly Aerospace kicks off first moon mission after SpaceX launch
The company's Blue Ghost moon lander before shipping out for launch.Firefly AerospaceAnother American company, Texas-based rocket and spacecraft builder Firefly Aerospace, is moon-bound.Firefly's "Blue Ghost" cargo lander launched from Florida early Wednesday morning...
Goldman Sachs (GS) earnings Q4 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs on Wednesday posted fourth-quarter results that topped estimates on...
Disney wins 2024 box office
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyFoul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024.Full-year ticket sales were down just 3.4% from 2023, reaching $8.74...
JPMorgan Chase (JPM) earnings Q4 2024
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report...
CFPB sues Capital One for ‘cheating’ customers out of over $2 billion in interest
FILE PHOTO: Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021. Andrew Kelly | ReutersThe Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account...
Boeing delivered 30 airplanes in December as gap with Airbus widens
Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and...
Eli Lilly LLY cuts 2024 revenue outlook on weight loss drugs
The Eli Lilly & Co. logo at the company's Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty ImagesEli Lilly cut its revenue guidance on Tuesday as it said demand for its weight loss and diabetes drugs...
Southwest Airlines makes new cuts to company spending to reduce costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines is pausing corporate hiring and promotions,...
JPMorgan Chase COO Daniel Pinto stepping down in June
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024.Saul Loeb | AFP | Getty ImagesJPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel...
Netflix and Comcast among companies donating to LA wildfire relief
Evacuees from the Eaton fire look through boxes of clothes at a donation center in Santa Anita Park, Arcadia, California, Jan. 13, 2025.Etienne Laurent | AFP | Getty ImagesAs Los Angeles continues to battle wildfires that have destroyed parts of the city and killed at...
Comcast, Harris Blitzer to build NBA, NHL stadium in South Philadelphia
Joe Daniel Price | Moment | Getty ImagesHarris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA's 76ers and the NHL's Flyers.The deal represents a reversal from...
Eli Lilly CEO expects new weight loss pill to be approved next year
David Ricks, CEO, Eli LillyScott Mlyn | CNBCEli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday.The company is set to release key late-stage trial data on the drug, orforglipron,...
Moderna lowers 2025 sales forecast by $1 billion
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesModerna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech...
Lululemon, Abercrombie release early 2024 holiday sales numbers
ORLANDO, Fla. -- Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon's new outlook went over well with investors, leading shares to rise...
JWN raises sales outlook after better holiday season
Shoppers walk into a Nordstrom department store in Austin, Texas, on March 3, 2023.Brandon Bell | Getty ImagesNordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store's...
McDonald’s to close three CosMc’s locations — and open two more
A sign hangs outside of a CosMc's restaurant, a concept recently launched by McDonald’s, in Bolingbrook, Illinois, on Dec. 11, 2023.Scott Olson | Getty ImagesMcDonald's will shutter three locations of its drinks-focused spinoff brand, CosMc's.To test the concept, the...
Airlines extend travel waivers for LAX,
In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty ImagesAirlines have extended travel waivers for Los Angeles airports as...
Ford reveals new special edition of $325,000 Mustang GTD
2025 Mustang GTD Spirit of AmericaFordDETROIT — Ford Motor on Thursday revealed a special edition of its $325,000 Mustang GTD called "Spirit of America," a nod to historical jet-propelled cars sharing the same name.The white vehicle features red and blue stripes down...
Airlines cancel more than 2,000 U.S. flights amid storm, Delta slide-evacuation at Atlanta
Snow blankets the Hartsfield-Jackson Atlanta International Airport as a winter storm moves into the area on Jan. 10, 2025 in Atlanta, Georgia.Joe Raedle | Getty ImagesAirlines canceled more than 2,000 flights on Friday as a massive winter storm snarled travel across...
Stellantis aims to improve U.S. sales, market share in 2025
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | AFP | Getty ImagesDETROIT –...
High-cost weight loss drugs boost nutrition counseling with employers
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro.Picture Alliance | Getty ImagesA few years ago, when Virta Health founder and CEO Sami Inkinen approached employers about leveraging the company's nutrition-oriented digital diabetes program for...
Audemars Piguet CEO Ilaria Resta reinvents luxury watches
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Audemars Piguet, the prestigious Swiss watch brand,...
Chuck E. Cheese makes comeback after bankruptcy
Chuck E. Cheese's parent company has spent $230 million renovated its stores.Source: CEC EntertainmentFour years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation.In June...
Disney, Fox and Warner Bros. Discovery call off Venu sports streaming service
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCDisney, Fox and Warner Bros. Discovery have called off plans to launch...
Ford CEO says China operations earned $600 million in 2024
Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024.Michael Wayland/ CNBCDETROIT — Ford Motor's operations in China earned roughly $600 million last year despite challenging market conditions, CEO...
Delta Air Lines (DAL) 4Q 2024 earnings
Ed Bastian, CEO of Delta Airlines, speaking on CNBC's Power Lunch on Dec. 17th, 2024.Adam Jeffery | CNBCDelta Air Lines' first-quarter outlook on Friday topped analyst expectations as the carrier forecast strong travel demand to start the year, which CEO Ed Bastian...
Walgreens (WBA) earnings Q1 2025
People walk by a Walgreens on Nov. 3, 2024 in Brookline, Massachusetts.Danielle DeVries | CNBCWalgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough...
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
From Japan to St. Lucia, here’s where airfare is falling in 2025
Tourists take photos in Shinsekai with Tsutenkaku tower in sight in Osaka, Japan, on December 12, 2024. Kichul Shin | Nurphoto | Getty ImagesPlanning an international trip this year? You could be in luck, if you're willing to fly far.Long-haul trips are cheaper than...
NHL plans to host two outdoor games in Florida in 2026
Sean Pavone | Istock | Getty ImagesOutdoor hockey in Florida? The National Hockey League says it is up for the challenge.The NHL announced Wednesday that it will host its first outdoor games in the Sunshine State.The league will feature two matchups next year, one as...
Medicare can cover Eli Lilly’s Zepbound for sleep apnea: Health Department agency
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersMedicare drug plans can now cover Eli Lilly's blockbuster obesity drug Zepbound for obstructive sleep apnea, CNBC confirmed on...
157 million monthly active users watch ad-supported content
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesDisney said Wednesday it has an estimated 157 million global monthly active users watching...
VW Scout has more than 50,000 reservations for upcoming EVs
Scout Terra pickup truck and Scout Traveler SUV conceptsScoutLAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.Volkswagen revived Scout, which was an...
Used car prices set to stabilize in 2025 after pandemic volatility
Used Honda Pilots are displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesUsed vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to...
Delta to link loyalty program to Uber, ending partnership with Lyft
Travelers wait for an Uber ride-share vehicle at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesDelta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the...
J&J says lung cancer drugs Rybrevant and Lazcluze extend survival
Niels Wenstedt | Getty ImagesJohnson & Johnson on Tuesday said its lung cancer regimen keeps people alive for at least a year longer than AstraZeneca's Tagrisso, the go-to drug for a certain type of lung cancer.J&J in a statement said its drugs – Rybrevant and...
Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
Honda 0 Saloon & Honda 0 SUV prototypesHondaLAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company's newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio.The vehicles are...
Puma challenges Tiger Woods’ Sun Day Red logo
Puma logo (L) and Sun Day Red Tiger logo (R)Source: U.S. Patent and Trademark OfficeSun Day Red is not out of the woods yet in regard to trademarking its logo.Footwear giant Puma filed a last-minute notice of opposition against Tiger Woods' logos tied to his Sun Day...
Frontier plans new flights from JFK to Miami, Los Angeles and Dallas
Frontier AirlinesNurphoto | Nurphoto | Getty ImagesDiscount carrier Frontier Airlines is beefing up service in New York, planning new routes to major American Airlines hubs with fares starting under $20.The airline plans to launch service between New York's John F....
BMW plans to install new ‘panoramic’ display in all vehicles
BMW plans to offer a new operating system and "panoramic" display in its new vehicles, starting toward the end of this year.BMWLAS VEGAS — BMW AG plans to offer a new operating system and "panoramic" display in all of its upcoming vehicles starting toward the end of...
True Religion acquired by PE firm, Jay Schottenstein firm
True Religion Brand Jeans shop entrance: The company sell what they refer to as 'premium denim' which is handmade in America. Roberto Machado Noa | Lightrocket | Getty ImagesJeans brand True Religion has been acquired by private equity firm Acon Investments and...
Panera Brands CEO Jose Duenas steps down, CFO to fill in
A Panera Bread restaurant is seen on the day it is announced that the Panera Bread company is acquiring sandwich rival Au Bon Pain on November 8, 2017 in Miami Beach, Florida. Joe Raedle | Getty ImagesPanera Bread's parent company announced Tuesday that CEO Jose...
Fed’s Michael Barr clears way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.Ann Saphir |...
Online holiday spending rises with discounts, AI chatbots, Adobe says
Alistair Berg | Digitalvision | Getty ImagesOnline spending rose 8.7% during the holiday season from last year, according to data from Adobe Analytics, as deals and the use of AI-powered chatbots helped inspire purchases.Sales on retailers' websites and apps totaled...
Stellantis reveals redesigned Ram heavy-duty trucks
2025 Ram 2500 Heavy DutyRamDETROIT — Stellantis has redesigned its large Ram heavy-duty trucks — and it's betting those updates will help reverse three consecutive years of sales declines for the brand.The new Ram 2500 and 3500 pickups and chassis cab trucks feature...
Eli Manning interested in New York Giants minority ownership
Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake."It's definitely something of interest," said Manning, who spoke in a CNBC Sport interview. "There's probably only...
Sierra Space CEO Tom Vice leaves the company
Tom Vice, CEO of Sierra Space, talks to employees in front of the company's Dream Chaser space plane on Oct. 30, 2023 in Louisville, Colorado.Helen H. Richardson | Denver Post | Getty ImagesSierra Space CEO Tom Vice has left the company, CNBC confirmed Monday.In a...
Ulta Beauty names new CEO Kecia Steelman to replace Dave Kimbell
People walk past an Ulta Beauty store in the Manhattan borough of New York City on March 8, 2022.Carlo Allegri | ReutersUlta Beauty CEO Dave Kimbell is retiring and will be replaced by the retailer's Chief Operating Officer Kecia Steelman, the company announced...
UK visitors from dozens of countries will have to pay new entry fee
Pedestrians shelter from the rain under umbrellas as they pass the Elizabeth Tower, commonly known by the name of the clock's bell, Big Ben, at the Palace of Westminster, home to the Houses of Parliament, in London on Feb. 22, 2024.Henry Nicholls | AFP | Getty...
Toyota exploring orbital rocket development, makes startup investment
After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy.Photo by Yoshikazu Tsuno | Gamma-rapho | Getty ImagesLAS VEGAS — Toyota Motor is exploring the development and...
Winter storm disrupts thousands of U.S. flights
Airplanes on the tarmac during a snow storm at Ronald Reagan Washington National Airport in Arlington, Virginia, US, on Monday, Jan. 6, 2025. Ting Shen | Bloomberg | Getty ImagesThousands of flights were disrupted Monday as a winter storm moved eastward, snarling air...
Lucid reports record quarterly deliveries, meets production target
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than...
Disney Hulu+ Live TV and Fubo to combine
The FuboTV app on a television arranged in New York, US, on Wednesday, Feb. 21, 2024. Gabby Jones | Bloomberg | Getty ImagesDisney's Hulu+ Live TV will be combined with Fubo, merging together two internet TV bundles, the companies announced on Monday. Bloomberg...
Comcast’s Universal Ads platform is a bid to win smaller advertisers
Jaque Silva | Nurphoto | Getty ImagesComcast plans to launch a new advertising platform that will make it easier for smaller businesses to buy ad time — and, the company hopes, to beckon some advertisers away from social media and digital outlets and over to...
Manufacturer still faces tough recovery
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024.Jennifer Buchanan | Via ReutersBoeing is embarking on another rebuilding year.A year ago, the company was thrust back into the spotlight for concerns over safety and...
DraftKings tests subscription service in New York
Sports betting company DraftKings' logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesDraftKings is upping the ante.The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying...
Surgeon general issues new advisory
A customer drinks a glass of beer at the Saxton Pub in Austin, Texas, April 5, 2023.Brandon Bell | Getty ImagesThe U.S. surgeon general issued a new advisory warning Friday about the link between alcohol consumption and increased cancer risk, and pushed for policy...
GM, Ford 2024 U.S. sales are best since 2019
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024.Robyn Beck | Afp | Getty ImagesDETROIT – Both General Motors and Ford Motor on Friday reported their best...
DOT fines JetBlue for ‘chronically delayed flights’
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013.Fred Prouser | ReutersThe Department of Transportation fined JetBlue Airways $2 million for "chronically delayed flights," the first penalty...
Rivian meets 2024 vehicle production target after lowering projections
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty ImagesRivian Automotive's 2024 vehicle production and deliveries were in line with the company's previously announced expectations.The...
Hindenburg shorts Carvana, calls turnaround a ‘mirage’
CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer's recent turnaround is a "mirage" that's being propped up by unstable loans and accounting...
These airlines were the most on-time in 2024
Travelers view the arrival and departure boards at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021.Elijah Nouvelage | Bloomberg | Getty ImagesAir travel demand continued to surge in 2024, led by a bounce...
Wendy’s, Denny’s, Red Lobster close locations in 2024
A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come.Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts...
Housing market supply is ‘stale’ to end 2024
A home available for sale is shown in Austin, Texas, on May 22, 2024.Brandon Bell | Getty ImagesThere's good news in the housing market to close out 2024: There's a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for...
Horse racing set for a resurgence in the U.S.
Horse race At the harness racing week on the Freehold Raceway in New Jersey: a reverse race with the sulky fixed in front of the horse - 1930.Robert Sennecke | Ullstein Bild | Getty ImagesAmerica's oldest horse racetrack is closing after running its last race on the...
Why was there a wall at the end of the runway
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | ReutersAviation experts are questioning the role of an airport design that positioned a mound of dirt...
Boeing falls after South Korea orders B737-800 inspection
The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024.SeongJoon Cho | Bloomberg | Getty ImagesBoeing shares were down more than 3% in late-morning trading Monday, after South Korea ordered an...
Boeing 737-800 is among world’s most common aircraft
A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport. Fabrizio Gandolfo | Lightrocket | Getty ImagesAccident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in...
Netflix sets streaming record with Christmas Day NFL games
A detailed view of a Netflix Christmas Gameday sign during the regular season NFL football game between the Kansas City Chiefs and Pittsburgh Steelers on December 25, 2024 at Acrisure Stadium in Pittsburgh, PA. Icon Sportswire | Icon Sportswire | Getty ImagesChristmas...
Ad revenue should stabilize for media companies in 2025
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesThe...
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests.The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the American Bankers Association, the Ohio Bankers League,...
A look back at U.S. airlines’ wild 2024, from door plugs to bankruptcy
People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024. Megan Varner | ReutersIt's been another eventful year for U.S. air travel. Just five...
American Airlines temporarily grounded flights due to technical glitch
American Airlines planes sit by their gates at the Miami International Airport on October 25, 2024 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines grounded its U.S. flights Tuesday morning due to a technical problem, snarling travel during what carriers...
Soaring athlete salaries attract wealth advisors
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Skyrocketing salaries for top athletes and lucrative...
FDA Zepbound shortage ends, impacts patients, compounding pharmacies
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe roughly $1,000 monthly price tag of Eli Lilly's weight loss drug Zepbound put the blockbuster treatment out of reach for Willow...
Trump’s 25% tariffs an existential threat to Canada’s auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021.Cole Burston | Bloomberg | Getty ImagesDETROIT — There's growing concern that President-elect Donald Trump's...
U.S. sues Walmart, Branch Messenger over driver payment accounts
A Walmart truck pulls out of a Walmart Distribution Center in Hurricane, Utah, on May 30, 2024.George Frey | Afp | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly...
Nordstrom to go private in $6.25 billion deal with founding family
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesNordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom's founding...
Lego brick sets take new shape, keep toy industry afloat
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on March 7, 2022.Bloomberg | Getty ImagesThe toy industry is headed for its second consecutive annual sales decline, but it's got one thing propping it up: colorful,...
2025 media predictions from 13 anonymous executives
Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R).Getty ImagesHo, ho, ho! It's a CNBC holiday tradition: Anonymous media executives make their 2025 industry predictions.In honor of the 12 days of Christmas, we give you 12 predictions from some of the...
FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesThe Food and Drug Administration on Friday approved Eli Lilly's blockbuster weight loss drug Zepbound...
Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023.Joe Raedle | Getty ImagesParty City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report.CEO Barry Litwin told...
Fintechs are 2024’s biggest gainers among financials
Jason WilkSource: Jason WilkJason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm.It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep...
Netflix to stream FIFA Women’s World Cup in 2027, 2031
Esther Gonzalez of Spain kisses the FIFA Women's World Cup Trophy after the team's victory in the FIFA Women's World Cup Australia & New Zealand 2023 Final match between Spain and England at Stadium Australia on August 20, 2023 in Sydney / Gadigal, Australia.Alex...
What a government shutdown could mean for air travel
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty ImagesA government shutdown is looming...
CFPB sues JPMorgan Chase, Bank of America, Wells Fargo over Zelle fraud
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
Starbucks workers strike in LA, Chicago and Seattle ahead of Christmas
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty ImagesStarbucks baristas in some locations are planning to strike through Christmas...
CEO departures at U.S. companies hit a record this year
Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images)TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty ImagesRetired,...
Pro pickleball players are getting a higher salary than WNBA players
NEW YORK CITY, NY - SEPTEMBER 21: Anna Leigh Waters of the New Jersey Fives rallies the ball during a Major League Pickleball match on September 21, 2024 at Wollman Rink in New York, New York. (Photo by Andrew Mordzynski/Icon Sportswire via Getty Images)Icon...
Nike (NKE) earnings Q2 2025
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected to lay out the...
November home sales surged more than expected
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesSales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put...
Eli Lilly weight loss drug Zepbound no longer in shortage
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe Food and Drug Administration on Thursday said the active ingredient in Eli Lilly's weight loss drug Zepbound is no longer in...
Darden Restaurants (DRI) Q2 2025 earnings
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales...
Mall restaurants like Cheesecake Factory, Eataly help to draw shoppers
Editor's note: This is the third story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new retailers, experiences and even apartments. Read the first and second parts.Malls used to be the destination for...
How Vuori is taking on Lululemon
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men's shorts and couldn't get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors...
College sports valuations: Top 75 athletic programs
Ohio State Buckeyes players stand on the field after a game against the Indiana Hoosiers and the Ohio State Buckeyes on Nov. 23, 2024, at Ohio Stadium in Columbus, Ohio.Icon Sportswire | Icon Sportswire | Getty ImagesWith major college sports programs collectively...
Private equity looks to buy in to college sports
There's a mad dash for cash in college sports.Between multibillion-dollar television deals, the institution of the transfer portal and the escalation of NIL —name, image and likeness — deals for athletes, college athletic programs, particularly football, have never...
Why health insurance upsets Americans
A person holds a sign while standing on the roadside near the McDonald's restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew...
American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty ImagesThere may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history.The number of extra bedrooms, which is defined as a bedroom in excess of the number...
Stellantis further delays electric Ram pickup truck
2025 Ram 1500 Ramcharger TungstenRamDETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric...
2025 U.S. auto sales expected to be best since 2019
A sale sign is seen at car dealer Serramonte Subaru in Colma, California.Stephen Lam | ReutersDETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to...
Merck signs weight loss pill licensing deal with Hansoh Pharma
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey.Spencer Platt | Getty ImagesMerck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to...
Holiday decor spending could help retailers
Zoom In IconArrows pointing outwardsThe Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family.Courtesy: Mike MilamFor the holiday season, the front lawn of the...
Japan’s Honda and Nissan to reportedly begin merger talks
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via ReutersDETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to...
Grubhub to pay $25 million in FTC settlement over harmful practices
An App-based delivery worker waits outside of a restaurant that uses app deliveries on July 07, 2023 in New York City. Spencer Platt | Getty ImagesGrubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame...
Starbucks union authorizes strike ahead of bargaining session
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Mario Tama | Getty...
Walmart employees wearing body cameras
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has...
Unrivaled women’s basketball league closes $28 million Series A
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team's WNBA basketball game against the New York Liberty, May 23, 2024, in New York.Frank Franklin II | APStartup basketball league Unrivaled announced on Monday it's closed a...
Family offices face hidden risks in making direct investments
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices making direct investments in private...
GM’s Cruise robotaxi business is latest growth initiative to falter
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023.David Paul Morris | Bloomberg | Getty ImagesDETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending...
Why it’s getting harder to get a free first-class flight upgrade
Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018.Jeff Greenberg | Universal Images Group | Getty ImagesCheap seats aren't enough for airline passengers anymore.Since the pandemic,...
Restaurant winners and losers include McDonald’s, Chili’s, Taco Bell
A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty ImagesA rocky year for restaurants separated the industry's biggest chains into winners and losers, as eateries...
UnitedHealth Group CEO Andrew Witty addresses Brian Thompson death
Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in the Dirksen Building in Washington, D.C., on May 1, 2024.Tom...
Over $100 trillion in wealth set to be inherited
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is...
Agent Scott Boras says wasn’t just about money
Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life.On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It's the largest deal in professional sports...
Flushing Financial seeks to raise $70 million
Flushing Bank in New York City.Google EarthFlushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank's CEO, John Buran, has told potential investors that he intends to sell...
Costco (COST) earnings Q1 2025 earnings
Costco on Thursday beat Wall Street's quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture.On the membership-based warehouse club's earnings call, Chief Financial Officer Gary Millerchip said customers...
WBD announces restructuring into linear, streaming units
President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Michael Tran | Afp | Getty ImagesWarner Bros. Discovery on Thursday announced a restructuring plan...
Federal Aviation Administration head Michael Whitaker to step down
Federal Aviation Administration Administrator Mike Whitaker listens to a question during a news conference on the FAA's work to hold Boeing accountable for safety and production quality issues, at the Federal Aviation Administration Headquarters on May 30, 2024 in...
CFPB announces rule limiting bank overdraft fees
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting...
Whoopi Goldberg’s All Women’s Sports Network aims to raise awareness
Hollywood icon Whoopi Goldberg hopes her newly launched All Women's Sports Network will bring more attention to women's sports.Goldberg started the network with George Chung, co-founder of international media holding company Jungo TV. It's the first global media...
Health care stocks fall after Warren PBM bill, Brian Thompson shooting
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesShares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients...
Buoyed by Trump, U.S. dealers optimistic on everything except EV sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020.Nick Carey | ReutersDETROIT — There's a "renewed optimism" among U.S. car dealers heading into 2025, fueled...
Nike renews its contract with the NFL until 2038
Nike football shoes are seen in a store in Krakow, Poland on August 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesNike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to...
SpaceX valuation surges to $350 billion as company buys back stock
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched on its sixth test at the company's Boca Chica launch pad in Brownsville, Texas, on Nov. 19, 2024.Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX hit $350 billion...
NFL Philadelphia Eagles minority stake sale approved
Philadelphia Eagles quarterback Jalen Hurts (1) looks on in the second half during the game between the Carolina Panthers and Philadelphia Eagles on December 08, 2024 at Lincoln Financial Field in Philadelphia, PA.Icon Sportswire | Icon Sportswire | Getty ImagesThe...
JetBlue to bring ‘junior Mint’ first class to domestic flights in 2026
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Albertsons sues Kroger after judge rules against grocery merger
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022.Brendan McDermid | ReutersAlbertsons on Wednesday formally terminated its proposed $25 billion merger with...
Sports Illustrated buys naming rights of Red Bull Arena
Rendering of Sports Illustrated StadiumThe New York Red Bulls have a new stadium naming rights partner.On Wednesday, the Major League Soccer 2024 Eastern Conference Champions announced a 13-year naming rights deal with Sports Illustrated.Effective immediately, the...
Tom Brady watches, game-worn jerseys sell for $9 million at auction
Tom Brady's Rolex worn during his 2023 season.Sotheby's (L) | Reuters (R)Sotheby's has scored big off of Tom Brady.The auction house held its "GOAT Collection" sale on Tuesday night, selling all 41 items offered for a total of $9 million. The lots consisted of...
Ro to offer weight loss drug Zepbound vials by working with Eli Lilly
Patients will be able to access Zepbound single-dose vials at RoCoutesy: RoDirect-to-consumer health-care startup Ro on Wednesday said its platform will now offer more affordable single-dose vials of the weight loss drug Zepbound through a new partnership with Eli...
Macy’s (M) earnings Q3 2024
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million...
C.H. Robinson CEO says logistics business can weather Trump tariffs
Dave Bozeman, chief executive officer of C.H. Robinson.Source: C.H. RobinsonAs Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he'll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a...
Unrivaled women’s basketball league signs deal with Under Armour
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesThe pieces are coming together for the startup basketball league Unrivaled.The 3x3 women's hoops league announced Tuesday that it has signed a multiyear...
Adidas’ German headquarters raided in connection with tax investigation
The "Arena" office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake.Daniel Karmann | Picture Alliance | Getty ImagesAdidas' German headquarters was raided on Tuesday in connection with a yearslong tax...
Insurance stocks down since UnitedHealthcare CEO Brian Thompson killing
A banner hanging from on overpass along the southbound lane of I-83 that says, "Deny Defend Depose Health Care 4 All."Lloyd Fox | Baltimore Sun | Tribune News Service | Getty ImagesMajor insurance stocks have fallen more than 6% since their closing prices last...
Olympics transformed Salt Lake City into a tech hub
Spectators file into the Olympic Medal Plaza in downtown Salt Lake City, Utah, during the 2002 Olympics. Buildings are draped with Olympic athletic figures, and the Olympic rings glow on the mountainside above the city, Feb. 16, 2002.AFP Photo/George Frey via Getty...
Stellantis CEO Carlos Tavares lost control of the automaker, sources say
Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | ReutersDETROIT — "Arrogant." It's the word former Stellantis CEO Carlos Tavares used in June...
Alaska Airlines plans new nonstop flights to Japan, Korea
Alaska Airlines planes.Anadolu | Anadolu | Getty ImagesAlaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there.Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September,...
University of Utah video game program fuels $2 billion industry
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop.University of UtahThis article is part of CNBC's Cities of Success series, which explores cities that have transformed into...
Florida ‘condo cliff’ coming as owners deal with Surfside fallout
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo...
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022.Michael Wayland / CNBCDETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has...
Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty ImagesComcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000...
Hershey stock soars on report of another Mondelez takeover attempt
The logo of Hersheys ,taken in Manhattan. Michael Kappeler | Picture Alliance | Getty ImagesShares of Hershey climbed as much as 15% in morning trading on Monday after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company.Hershey's...
Activist Barington takes aim at Macy’s, seeks spending, real-estate fixes
People walk past the Macy's Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty ImagesActivist investor Barington Capital revealed Monday it had a position in Macy's and was looking for the company to cut spending, weigh the...
United Healthcare CEO shooting: Executives worry about safety
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor...
CFPB sues Comerica Bank over federal benefits program
Comerica Bank building facade with blue signage and brick exterior, Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank, accusing the...
Ulta Beauty (ULTA) earnings Q3 2024
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care.The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the...
Lululemon (LULU) earnings Q3 2024
Lululemon's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year.The yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines and said it's...
Why developers are building housing at shopping malls
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.Some U.S. developers...
Dollar General tests same-day delivery as discounter chases Walmart
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings...
Court rejects Boeing plea deal tied to 737 Max crashes
In an aerial view, Boeing 737 Max fuselages are seen on railcars during an ongoing strike by Boeing factory workers on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a fraud charge...
LSU star Flau’jae Johnson signs equity deal with Unrivaled basketball league
BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan...
Southwest, American raise sales outlooks, shares jump
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024.Mario Tama | Getty ImagesSouthwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares,...
MLS Commissioner Don Garber talks Apple subscribers, Messi
Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday.Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just...
Prescription fills for Zepbound, Wegovy weight loss drugs double: GoodRx
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersPrescription fills for blockbuster weight loss drugs in the U.S. more than doubled in 2024, even with limited insurance coverage and...
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. Shannon Stapleton | ReutersAmerican Airlines has inked a...
American Eagle (AEO) earnings Q3 2024
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California.Justin Sullivan | Getty ImagesAmerican Eagle shares dropped about 13% in extended trading Wednesday after the company reported third-quarter earnings in which it issued weak...
JetBlue cuts more unprofitable routes, tweaks Europe flights
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Trump nominates Jared Isaacman for NASA Administrator
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne,...
ESPN to add more sports content to Disney+
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesESPN is coming to Disney+. Now, the sports network wants to make sure Disney+ users come to ESPN.Walt Disney debuted a dedicated ESPN tile Wednesday on Disney+ for people who...
Eli Lilly Zepbound causes more weight loss than Novo Nordisk Wegovy: Trial
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersEli Lilly on Wednesday said its obesity drug Zepbound led to more weight loss than its main rival, Novo Nordisk's Wegovy, in the...
Foot Locker (FL) earnings Q3 2024
Foot Locker store location on 34th street in New York City.Courtesy: Foot LockerFoot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike.The sneaker giant...
GM expects more than $5 billion impact from China restructuring, including plant closures
Employees work on Buick Envision SUVs at General Motors' Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China.Tang Ke | Visual China Group | Getty ImagesDETROIT – General Motors expects...
Airline executives set to defend seat fees before Senate panel
Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft.Brent Lewin | Bloomberg | Getty ImagesU.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry...
J.P. Morgan Private Bank holiday recommendations for the wealthy
Courtesy: J.P. Morgan Private BankJ.P. Morgan Private Bank is out with its list of recommended holiday books and experiences for wealthy clients, and this year's offerings include a George Clooney Broadway debut, an expanded art museum in São Paulo, Brazil, a wellness...
Constellation Brands to sell Svedka vodka to Sazerac
Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.Bing Guan | Bloomberg | Getty ImagesConstellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based...
CDC says McDonald’s E. coli outbreak is over
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesThe Centers for Disease Control and Prevention...
Why Dollar General and Dollar Tree are struggling
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General.Shares of the deep discounters have plunged so far in 2024. The retailers have each...
Frontier Airlines to debut first-class seats for high-paying flyers
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesFrontier Airlines, one of the world's biggest budget airlines, is adding first-class seats.Its change in strategy...
Banks raise costs in response to CFPB rule
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesBanks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response...
‘Moana 2’ and ‘Wicked’ fuel biggest Thanksgiving box office ever
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyIt was all feast and no famine at the Thanksgiving box office this year.The tag-team of Disney's "Moana 2," Universal's "Wicked" and Paramount's "Gladiator II" pushed the five-day Thanksgiving holiday...
GM to sell stake in battery cell plant to LG partner for $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020.Photo by Steve Fecht for General MotorsDETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle...
Jaguar reveals ‘Type 00’ concept car, first in controversial rebrand
Image of Jaguar Type 00 concept vehicleJaguarFamed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called "Type 00."The vehicle, pronounced "Type Zero Zero," features a minimalistic...
Stellantis CEO Carlos Tavares resigns amid problems in U.S.
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Stellantis CEO Carlos Tavares has unexpectedly...
College Football Playoff expansion boosts ESPN, Disney
Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan. Aaron J. Thornton | Getty Images...
Retail winners pull away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty ImagesAs the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers...
How the 2024 election will impact Black Friday, holiday spending
BATTLE CREEK, MICHIGAN - DECEMBER 18: A hat tops off a Christmas tree at a "Merry Christmas" rally hosted by U.S. President Donald Trump at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. The House of Representatives will vote later today to...
‘Moana 2’-led Thanksgiving box office could be best in years
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyThe domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator.Disney's "Moana 2" is set to hit...
Nordstrom (JWN) earnings Q4 2024
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain.Yet despite its...
‘Wicked’ soars with $114 million domestic opening, ‘Gladiator’ snares $55.5 million
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."UniversalThe box office was a popular destination this weekend as Universal's "Wicked" and Paramount's "Gladiator II" arrived in cinemas."Wicked" is expected to snare $114 million...
Walmart pulls back on DEI efforts, removes some LBGTQ merchandise
Walmart Supercenter in Burbank onThursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty ImagesWalmart on Monday confirmed that it's ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a...
Trump tariff plan threatens to make Modelo more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty ImagesShares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25%...
Senate report slams airlines for raking in billions in seat fees
A Delta Air Lines cabin.Leslie Josephs/CNBCA Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights.Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including...
GM, Stellantis shares fall on Trump tariff threat for Mexico, Canada
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019.Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis...
Best Buy (BBY) earnings Q3 2025
Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street's quarterly revenue expectations, as early holiday shopping and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.The consumer electronics retailer said it...
Dick’s Sporting Goods (DKS) earnings Q3 2024
The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent"...
Abercrombie & Fitch (ANF) earnings Q3 2024
An Abercrombie & Fitch store stands in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty ImagesAbercrombie & Fitch isn't giving up its crown any time soon. The apparel company issued strong holiday guidance on Tuesday after posting...
Amgen says weight loss drug MariTide caused up to 20% weight loss after a year
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a...
State Farm signs JuJu Watkins, increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports.State Farm is furthering its investment in women's sports with two new deals.The insurance giant announced on Monday that it had signed college basketball star...
Starbucks vendor hit by ransomware attack, affecting pay and schedules
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024.Hollie Adams | ReutersA ransomware attack on one of Starbucks' software vendors has disrupted how the coffee chain's baristas view and manage their schedules, the company said...
Kohl’s CEO Tom Kingsbury to step down, replaced by Ashley Buchanan
Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury.Courtesy: Michael's | Kohl'sKohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he...
Mango plots U.S. store expansion to grow market, elevate brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end...
Auto industry pulls back after unprecedented EV, self-driving spending
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidDETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of...
Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022.Jeff Greenberg | Universal Images Group | Getty ImagesAir travelers face a host of headaches on their journeys: slow security lines, long waits for...
How women billionaires make, spend and give away their fortunes
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California.Stefanie Keenan | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with...
‘Wicked,’ ‘Gladiator II’ opening weekend heads for $200 million
Posters for Wicked and Gladiator IISources: Universal (L), Paramount (R)The box office this weekend will be painted pink and green, with a splash of red.Universal's "Wicked" and Paramount's "Gladiator II" arrive ahead of the Thanksgiving holiday and are expected to...
Caitlin Clark joins NWSL Cincinnati ownership group
Caitlin Clark #22 of the Indiana Fever brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse on September 15, 2024 in Indianapolis, Indiana. Justin Casterline | Getty ImagesCaitlin Clark has joined an ownership group looking to create a...
Thousands of Americans see their savings vanish
Oscar Wong | Moment | Getty ImagesFor 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they...
Retailers like Macy’s, Gap and TJX jack up store card APR
Tommy | Digitalvision Vectors | Getty ImagesDozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad...
Gap (GAP) Q3 2024 earnings
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic,...
SailGP signs Rolex as title partner of global sailing competition
SailGP signs Rolex as first title partner of global sailing competitionCourtesy: SailGPThe self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition.SailGP, which kicks off the 2025 season in Dubai on...
Wayne Gretzky talks Alex Ovechkin NHL goals record pursuit
As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky's all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him."Alex has been exceptional for our game," Gretzky said on CNBC's "Squawk Box"...
MLS’ New York City FC, Etihad Airways agree to stadium naming rights deal
New York City FC renderings for Etihad Park stadium in Queens, NY.Courtesy: New York City FC.When New York City FC's new stadium opens up just before the 2027 Major League Soccer season, it will have a familiar partner's name tied to it. The club is partnering with...
Home sales surged in October before mortgage rates jumped
A home with a "Sold" sign from a real estate company in North Patchogue, New York.Steve Pfost | Newsday | Getty ImagesA sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.Sales of previously owned homes last month rose 3.4%...
Crypto investor pays $6 million for a banana — and plans to eat it
Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Kena Betancur | Afp | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth...
CFPB expands oversight of Apple Pay, other digital payments services
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
TGL New York Golf Club brings on Eli Manning, Derek Jeter as investors
New York Golf Club includes Matt Fitzpatrick, Rickie Fowler, Xander Schauffele and Cameron Young.Courtesy: TGLTiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple.Cohen Private Ventures, the family office of...
American Airlines to shame boarding line cutters with new technology
Haiyun Jiang | Bloomberg | Getty ImagesWatch out, line cutters. American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called.Customers who try to scan a boarding pass...
Comcast cable networks spinoff emphasizes need for change in media
Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed...
Hyundai all-electric Ioniq 9 three-row SUV revealed
2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market.The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric...
McDonald’s preparing ‘McValue’ offering for 2025
A McDonald's is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024.Michael M. Santiago | Getty ImagesMcDonald's is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants.The company is...
Utah Hockey Club is beefing up Salt Lake City’s roster as a sports hub
Barrett Hayton #27 of the Utah Hockey Club skates against the Vegas Golden Knights on November 15, 2024 at Delta Center in Salt Lake City, Utah. Jamie Sabau | National Hockey League | Getty ImagesSalt Lake City checked all the boxes for a new professional sports team...
Cleveland launches formal bid for a WNBA team
Cleveland, OhioKen Redding | The Image Bank | Getty ImagesDan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio.Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on...
NHL looks beyond U.S., Canada for league growth
A general view during the 2022 NHL Global Series Challenge between the Nashville Predators and the San Jose Sharks at O2 Arena in Prague, Czech Republic, on Oct. 7, 2022.Martin Rose | Getty Images Sport | Getty ImagesIf all goes according to plan for the National...
How NHL salary cap works
For a National Hockey League team to hoist the Stanley Cup, it takes playing an 82-game regular season, winning four playoff series and some strict attention to math along the way. The NHL is one of two of the big four North American sports leagues with a hard salary...
TJX Companies (TJX) earnings Q3 2025
TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street.TJX comfortably beat Wall Street's expectations during its fiscal third...
CNBC Official NHL Team Valuations 2024
The National Hockey League is commanding more respect when it comes to team values.The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League...
Delta CEO says Trump regulation stance could be ‘breath of fresh air’
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022.Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of...
Delta forecasts sales growth in 2025 thanks to ‘resilient economy’
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. It also said it...
CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.Jakub Porzycki | Nurphoto | Getty ImagesCVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency's case against drug supply chain middlemen...
Disney Treasure cruise ship debuts; fleet to double by 2031
The captain of the Disney Treasure is Voyager Minnie, a version of the character that is specially costumed for the cruise ship.DisneyThe Disney fleet is expanding.Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to...
Mike Tyson, Jake Paul fight was most-streamed sports event: Netflix
Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium in Arlington, Texas, on Nov. 15, 2024.Kevin Jairaj | Usa Today Sports Via Reuters ConFriday's highly anticipated boxing match between former heavyweight champion Mike Tyson and...
Watch SpaceX launch Starship’s sixth test flight
The SpaceX Starship lifts off from Starbase near Boca Chica, Texas, on November 19, 2024, for the Starship Flight 6 test. Chandan Khanna | AFP | Getty ImagesSpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up...
Comcast will announce the spinoff of cable networks Wednesday, sources say
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday.The separation is expected to take...
Target (TGT) Q3 2024 earnings
People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver | Lightrocket | Getty ImagesTarget will report fiscal third-quarter earnings on Wednesday and offer the latest clues on how the holiday season is shaping up for retailers, as the company...
Stellantis delays Ram electric pickup trucks until 2025
Stellantis' Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty ImagesDETROIT...
Walmart says new Trump tariffs could raise prices
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty ImagesWalmart's CFO John David Rainey said the retailer would likely have to raise prices...
RFK Jr. is Trump pick for HHS secretary. Here’s what he could do
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersPresident-elect Donald Trump has tapped Robert F. Kennedy Jr. to lead the Department of...
Lowe’s (LOW) Q3 2024 earnings
LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming...
Walmart (WMT) Q3 2025 earnings
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up.Here's what the discounter is...
More Americans get news from social media influencers
About 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center.The rise of social media personalities doling out information was particularly true among the youngest users, and...
What travelers need to know about Spirit Airlines’ bankruptcy
A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first...
NBA, Warner Bros. Discovery settle lawsuit over live game rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the...
AMC debt threatens its ability to ride the box office rebound
Cars drive near an AMC Theater in New York City on March 29, 2023.Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world's largest movie...
LeBron James’ SpringHill agrees to merge with Kardashians producer Fulwell 73
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles.Matt Sayles | APLos Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger...
Spirit Airlines files for bankruptcy protection after mounting losses
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesSpirit Airlines, an icon of budget air travel that reshaped the industry, has filed for...
McDonald’s, Starbucks aim to improve
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesAfter a tough year for the restaurant industry, executives can't wait for 2025 to start."I don't know about you guys, but I'm ready for '24 to be behind...
McDonald’s to invest over $100 million in E. coli outbreak recovery
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast-food...
Space stocks rally on ‘Trump-Elon trade,’ analysts say
A hot fire test of an Archimedes engine, which powers the company's Neutron rocket.Rocket LabThis past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to...
Paul, Tyson fight breaks record for biggest non-Vegas boxing gate
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024.Cooper Neill | Getty ImagesThe highly anticipated boxing match between Jake Paul and Mike...
Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto ShowMichael Wayland | CNBCDETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the...
Disney parks profits hit records — even before big expansions
People walk in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom.Disney's theme park division posted record revenue and profit in...
SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018.Bloomberg | Bloomberg | Getty ImagesSpaceX's...
Why Home Depot acquired SRS Distribution
A warehouse for Texas Pool Supply, a company that's part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It's an example of the specialized business that Home Depot includes after acquiring SRS.Melissa...
U.S. companies in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump's trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hardline approach could stunt their prospects in the world's second largest economy – and turn them into targets of...
GM lays off 1,000 employees amid reorganization, cost-cutting
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing...
The top 10 family offices for startup investments
Guillaume Houze attends the 33rd ANDAM Prize Winner cocktail at les Jardins du Palais Royal on June 30, 2022 in Paris, France.Pascal Le Segretain | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter...
Landry CEO Fertitta becomes Wynn Resorts’ largest individual shareholder
The new Wynn Casino and Lisboa Casino in Macao, China.Bob Henry | Universal Images Group | Getty ImagesBillionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the U.S. Securities and Exchange Commission.The...
Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024.Thomas Machowicz | ReutersShares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services. The...
Disney earnings offer hope that streaming can supplant linear TV
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesDisney might be proving the world's most famous investor wrong.Last year, Warren Buffett, "The Oracle of Omaha," told...
Adidas signs NIL deal with girls’ high school basketball Kaleena Smith
Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player.Adidas has signed one of its youngest female athletes yet.The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's...
Diamond Sports reaches key milestone toward exiting bankruptcy
Jose Siri, #26 of Major League Baseball's Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d'Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on...
Disney doesn’t plan to change its TV networks portfolio anytime soon
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that...
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Homebuilder deal activity is surging, fueled by major Japanese buyers
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese.M&A activity in the single-family homebuilder space is having a record year in terms of...
Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty ImagesDiamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform.As part of the deal, Diamond's networks will be made available as an add-on...
Disney (DIS) earnings Q4 2024
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter...
Beverly Hills surgeon sues Medtronic for patent infringement
Michael Siluk | Education Images | Universal Images Group | Getty ImagesDr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the...
Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty ImagesPlanet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by...
What targets Rivian needs to hit to receive $5.8 billion from VW
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersDETROIT — Volkswagen Group increased its planned investment for a joint venture with electric...
Banks report ten-fold surge in digital scams, BioCatch says
Leylaynr | E+ | Getty ImagesU.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch.The sharp rise in reported scams...
Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
John Malone, Liberty MediaScott Eells | Bloomberg | Getty ImagesLiberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at...
FAA bans U.S.-Haiti flights for 30 days
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days...
Amgen stock falls on weight loss drug’s bone density loss data
Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide.One analyst said the additional data suggests a new potential safety risk tied to the drug. But...
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.Courtesy: Business WireVolkswagen Group has increased its planned investment in an announced joint...
Strong revenue growth, first Neutron deal
A view of Rocket Lab's HASTE suborbital launch vehicle.Rocket LabRocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.The space infrastructure company reported...
Boeing factory production will take weeks to ramp up after strike
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersBoeing's more than 32,000 machinists who were on strike are required to...
Family offices increasingly investing in private company deals
Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone. Gilaxia | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the...
Netflix ad-supported tier has 70 million monthly users
People wait in a line to enter "The Lab," a "Stranger Things" Netflix series experience in Madrid on June 2, 2022.Beata Zawrzel/ | Nurphoto | Getty ImagesNetflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was...
GM’s newest EV is a ‘baby Escalade’ SUV
2026 Cadillac Vistiq EVGMDETROIT — General Motors' newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a "baby Escalade."The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand's portfolio when...
Mattel pulls ‘Wicked’ dolls after printing adult website on packaging
Still from the film "Wicked"Source: Universal StudiosThousands of Mattel's "Wicked"-branded fashion dolls are flying off shelves, but not because of consumer demand.The toy company has been forced to pull its line of character dolls after a package misprint. Instead...
GM’s Wall Street vindication is here as it outperforms peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout...
‘Wicked’ marketing takes over retail ahead of theatrical debut
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."Universal"Barbie" painted the town pink in 2023, and now "Wicked" is upping the ante by adding a splash of green.Universal's theatrical retelling of the famed Broadway musical is...
MLB, Braves object to Diamond Sports reorganization plan
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's...
Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies Managing Partner and Principle owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium on Sunday, June 9, 2024 in London, England. Daniel Shirey | Major...
California-led EV mandates ‘impossible’ to meet
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan.Tomohiro Ohsumi | Getty Images News | Getty ImagesDETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year...
How Trump’s victory could change abortion rights in America
Anti-abortion demonstrators listen to President Donald Trump as he speaks at the 47th annual "March for Life" in Washington, D.C., Jan. 24, 2020.Olivier Douliery | Afp | Getty ImagesVoters in seven out of 10 states approved ballot measures this week to safeguard...
Lucid (LCID) results Q3 2024
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group slightly beat Wall Street's third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin...
Rivian (RIVN) earnings Q3 2024
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue.Here is how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per...
FDA proposes ending use of decongestant found in many cold medicines
A bottle of Vicks DayQuil cold and flu medicine containing phenylephrine is displayed for sale in a CVS Pharmacy store in Hawthorne, California, on Sept. 12, 2023.Patrick T. Fallon | AFP | Getty ImagesThe Food and Drug Administration on Thursday proposed ending the...
Steve Madden to slash China sourcing as Trump’s tariff plan looms
The logo of the label Steve Madden at the fashion fair Premium. ens Kalaene | Picture Alliance | Getty ImagesSteve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald...
Wall Street expects Trump presidency will unlock deal-making
Attendees cheer as a broadcast of former US President and Republican presidential candidate Donald Trum speaking at his Florida election party is shown on a screen at the Nevada GOP election watch party in Las Vegas, Nevada on November 6, 2024. Ronda Churchill | Afp |...
Bentley further delays all-EV plan as it embraces plug-in hybrids
A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022.Phil Noble | ReutersBentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into...
Warner Bros. Discovery (WBD) earnings Q3 2024
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5...
Moderna (MRNA) earnings Q3 2024
Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. The biotech company posted a net income of $13 million, or 3 cents...
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio.Sarah Rice | Getty ImagesDETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers...
Proposed tariffs could raise prices for consumers
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024.Saul Loeb | Afp | Getty ImagesFor retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump's tariffs proposal...
Foreign auto stocks BYD, BMW and others slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | ReutersDETROIT — Stock prices of...
E.l.f. Beauty (ELF) earnings Q2 2025
e.l.f Beauty power grip primer.Courtesy: e.l.f BeautyE.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 10% in after-hours trading.The cosmetics retailer's earnings came in well ahead of...
Mortgage rates surge on Trump victory, housing stocks to fall
President-elect Donald Trump's victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing.The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according...
Planet Fitness bids for bankrupt Blink Fitness
A Blink Fitness location in New York City.Bill Tompkins | Michael Ochs Archives | Getty ImagesPlanet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC.Planet Fitness previously lost out in a bankruptcy...
What his election means for EVs
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.Photo by Jeffrey Sauger for...
CVS Health (CVS) earnings Q3 2024
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021.Andrew Kelly | ReutersCVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the...
What Trump’s health pick RFK Jr. could mean for patients, drugmakers
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024.Carlos Barria | ReutersDonald Trump has made one...
Yum Brands (YUM) Q3 2024 earnings
Budrul Chukrut | Lightrocket | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected.Here's what the company reported compared with what Wall...
Restaurant Brands International (QSR) earnings Q3 2024
A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. - the parent company of BK- in new and existing markets. Joan Cros | NurPhoto | Getty ImagesRestaurant Brands International on...
Ford’s October sales increase 15.2% from subdued levels in 2023
The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesDETROIT — Ford Motor on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued...
More homeowners just started pulling cash out of their properties
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesU.S. homeowners are sitting on a record amount of equity, but higher interest rates...
Retailers brace for DEI blowback ahead of election, holiday
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman.Natalie Behring | Getty ImagesRetailers...
Striking Boeing machinists vote on new contract with 38% raises
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington,...
Singapore Airlines to add first class cabin for its longest flights
Singapore Airlines ranked as the No. 2 international airline, according to the Bounce 2023 report.Nurphoto | Nurphoto | Getty ImagesSingapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract...
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024.Elias Marcou | ReutersFlights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era...
How Disney turns over its parks between Halloween and winter holidays
A staple of Disney's theme park's celebrations, the giant Mickey pumpkin statue towers over guests on Main Street.DisneyIt's time for Disney parks to swap pumpkins for poinsettias.In the thick of its busiest season, Disney's domestic theme parks have already begun to...
Space Force plans alternative GPS network with Astranis, others
A depiction of Nexus satellites in a medium Earth orbit constellation.AstranisThe U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the...
Marc Benioff in talks to sell Time to Antenna Group
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023.Dimitrios Kambouris | Getty ImagesThe Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to...
Apple commits $1.5 billion to Globalstar for iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday.The tech giant's deal with Globalstar includes $1.1 billion in cash, of which $232...
Record numbers of wealthy Americans are making plans to leave the U.S.
Ferragudo, Portugal.Gonzalo Azumendi | Stone | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your...
Boeing union backs sweetened contract offer that could end strike, sets vote for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington,...
A fast-changing Chinese coffee market awaits Starbucks CEO Niccol
People seen around the Starbucks coffee store in Shenzhen, China.Jakub Porzycki | Nurphoto | Getty ImagesOn Starbucks' fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges.The...
Thanksgiving box office showdown shows importance of premium screens
Wicked, Gladiator II, and Moana 2 Movie Posters.Sources: Universal (L), Paramount (C) and Disney (R)Three heavyweight Hollywood blockbusters will face off at the box office in November, each vying for audience attention, ticket sales and time on theaters' biggest...
Comcast tests media industry with potential cable networks separation
Mike Cavanagh, president of Comcast Corporation, at center, during the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023.David A. Grogan | CNBCComcast is thinking about separating or spinning off NBCUniversal's cable networks. If it moves...
Ford to halt production of electric F-150 Lightning until 2025
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next...
Morgan Stanley is launching an investing index tied to sports leagues
The Morgan Stanley headquarters in New York on Dec. 27, 2023.Angus Mordant | Bloomberg | Getty ImagesMorgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues.The investment bank's wealth management division on Thursday...
Merck (MRK) earnings Q3 2024
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its...
Boeing strike will dent last jobs report before election
Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesBoeing's more than seven-week machinist strike is set to hit Friday's U.S. jobs report — the...
Bristol Myers Squibb (BMY) earnings Q3 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday reported third-quarter earnings and revenue that blew...
Comcast is exploring separation of cable networks business
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company's third-quarter earnings call with investors, Cavanagh said the company is exploring creating "a new, well-capitalized company owned by our...
Starbucks’ plan to return to its roots involves 200,000 Sharpies
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks CEO Brian Niccol said the coffee chain plans to buy roughly 200,000 Sharpie markers as part of his plan to take the coffee chain back to its roots.He's...
7 ways Starbucks CEO Brian Niccol plans to change the coffee chain
Brian Niccol, CEO of StarbucksAnjali Sundaram | CNBCStarbucks CEO Brian Niccol shared more details about the company's turnaround strategy during the company's quarterly conference call on Wednesday.For three straight quarters, Starbucks has reported declining sales....
Peloton announces Ford exec Peter Stern as its next CEO
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty ImagesPeloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and...
Peloton (PTON) Q1 2025 earnings
A Peloton bike is displayed at a Dick's Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in...
Comcast (CMCSA) earnings Q3 2024
NBCUniversal kicks off it's new Peacock streaming service.Todd Williamson | Peacock | NBCUniversal | Getty ImagesComcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both...
Why sales of Eli Lilly’s Zepbound and Mounjaro fell short
Eli Lilly's blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro posted weaker-than-expected sales for the third quarter, even as supply of both medicines has largely recovered from widespread shortages in the U.S. The reason for the disappointing...
Carvana (CVNA) Q3 2024 earnings
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street's third-quarter expectations.Here's how the company...
Starbucks will stop charging extra for dairy alternatives
Starbucks offers oat milk as a dairy-free option.Source: StarbucksStarbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks.The change goes into effect Nov. 7 and follows years of...
Starbucks (SBUX) Q4 2024 earnings
Brian Niccol speaking on CNBC's Squawk Box on Oct. 30th, 2018. Anjali Sundaram | CNBCStarbucks is set to share more details about its fiscal fourth quarter after the bell on Wednesday.The coffee giant shared its preliminary quarterly results on Oct. 22, showing that...
Novo Nordisk’s Ozempic, Wegovy now available after shortages
Weight loss syringes of the brands "Wegovy", "Ozempic" and "Mounjaro" are sold at In der Achat Apotheke in Mitte, Germany.Picture Alliance | Picture Alliance | Getty ImagesAll doses of Novo Nordisk's highly popular weight loss injection Wegovy and diabetes drug...
United Airlines raises requirements to earn frequent flyer status
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024.Kevin Carter | Getty ImagesUnited Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to...
Pending home sales take unexpected leap higher in September
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called "pending" sales were at the highest level since March and...
Starbucks Oleato olive oil drinks leaving U.S. cafes in early November
Starbucks' new Oleato coffee beverages.StarbucksStarbucks' controversial line of olive oil-infused drinks will leave U.S. stores in early November.The decision to remove the Oleato drinks from domestic menus predates newly installed CEO Brian Niccol, who arrived at...
Airbus delivers first extra-long-range Airbus A321
An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023. Nathan Laine | Bloomberg | Getty ImagesAirbus said Wednesday that it has handed over its first extra-long-range narrow-body...
Biogen (BIIB) earnings Q3 2024
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as...
Fort Lauderdale developers plan $2 billion marina project
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida.Courtesy: ArX CreativeA team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a...
Eli Lilly (LLY) earnings Q3 2024
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter and slashed its full-year...
Chipotle Mexican Grill (CMG) Q3 2024 earnings
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares...
Auto insiders on both candidates, top issues
New Ford F-150 trucks go through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty ImagesDETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of...
Gatorade signs Duke basketball’s Cooper Flagg to NIL deal
Cooper Flagg #2 of the Duke Blue Devils moves the ball against the Arizona State Sun Devils during the game at Cameron Indoor Stadium on October 27, 2024 in Durham, North Carolina. The Blue Devils won 103-47. Grant Halverson | Getty ImagesGatorade is adding another...
E. coli outbreak is ‘behind us’
McDonald's Chris Kempczinski speaks about fresh beef expansion at a McDonald's event in Oak Brook, Illinois.Richa Naidu | ReutersA week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris...
Lucid has high hopes for new Gravity SUV as customer orders open
Lucid Gravity Grand Touring SUVLucidElectric vehicle startup Lucid Group is counting on its upcoming Gravity SUV to assist the automaker in a "significant increase" in sales volumes to narrow the company's losses, according to CEO Peter Rawlinson.The Gravity is...
Pfizer (PFE) earnings Q3 2024
Kena Betancur | Corbis News | Getty ImagesPfizer on Tuesday reported third-quarter revenue and adjusted profit that blew past expectations as the company's Covid vaccine and antiviral pill Paxlovid helped boost sales.The pharmaceutical giant also hiked its full-year...
Firefly Aerospace CEO Jason Kim is working ‘maniacally’ to scale
CEO Jason Kim in the company's lunar mission control center.Firefly AerospaceJason Kim just nabbed one of the most coveted yet high-pressure C-suite gigs in the space industry.As the new CEO of rocket and spacecraft builder Firefly Aerospace, he's no longer under the...
McDonald’s (MCD) earnings Q3 2024
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG are expecting the...
JPMorgan begins suing customers over ‘infinite money glitch’
The Chase bank logo above ATMs, taken in Manhattan.Michael Kappeler | Picture Alliance | Getty ImagesJPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw...
Ford Motor (F) earnings Q3 2024
A Ford F-150 Lightning electric pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT — Ford Motor is set to report its third-quarter earnings after the bell Monday.Here is what Wall Street...
Immersive entertainment company Cosm lands rights to some NFL games
Cosm currently has two locations in Los Angeles and Dallas, Texas but plans but is planning on expanding to additional locations in the future.Courtesy: CosmCosm, the immersive technology company that broadcasts live sports events using what it calls "shared reality,"...
McDonald’s Quarter Pounder burgers to return to restaurants affected by E. coli outbreak
A double quarter pounder with cheese and fries arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024. David Paul Morris | Bloomberg | Getty ImagesMcDonald's Quarter Pounder burgers will return to roughly 900 restaurants this...
David Einhorn thinks Peloton could be worth $31 a share
David Enhorn pitches Peloton at the Robin Hood Investors Conference.Getty Images (L) | CNBC (R)Greenlight Capital's David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current adjusted EBITDA...
McDonald’s E. coli outbreak: CDC updates case count
A quarter pounder with cheese, fries, and a drink arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesA deadly E. coli outbreak linked to McDonald's Quarter Pounders has led to 75...
Spirit Airlines stock jumps as carrier plans to sell planes, cut jobs
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell...
What McDonald’s needs to do next after E. coli outbreak
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesAs McDonald's and health authorities race to...
Deal blocked between Coach, Michael Kors owners
Coach and Michael Kors.Michael M. Santiago | Eduardo Parra | Europa Press | Getty ImagesA federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York.In her order, Judge Jennifer Rochon granted the Federal Trade...
Volkswagen’s Scout Motors reveals first EVs, plans for plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV conceptsScoutNASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric...
Spirit AeroSystems weighs more furloughs, layoffs if Boeing strike lasts
Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024. Nick Oxford | Bloomberg | Getty ImagesSpirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike...
Yum Brands pulls onions from select locations after McDonald’s E. coli outbreak
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesYum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald's."As we continue to...
The art market is in a correction as big spenders fade
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie's auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United...
Consumers choose favorite retailer Nike Kohls
An exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag.Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty ImagesNike and Kohl's may not be winning on Wall Street, but a wide set of consumers...
NHL Tampa Bay Lightning stake sold to investor group
Jeffrey Vinik, owner of the Tampa Bay Lightning.Adam Jeffery | CNBC The Tampa Bay Lightning's ownership group is expanding.Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug...
TKO Group to acquire IMG, PBR and On Location from Endeavor
TKO Group, the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group.The businesses are Professional Bull Riders, On Location and IMG, the companies...
American Airlines (AAL) 3Q 2024 earnings
American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.The carrier said it expects to earn between 25 cents and 50 cents a share on an...
Southwest Airlines (LUV) 3Q 2024 earnings
Southwest Airlines' third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management.Elliott and Southwest struck a deal, announced Thursday, that averts a...
Southwest, Elliott strike deal to keep CEO Jordan, add six directors
A Southwest Airlines Boeing 737 jet departs from San Diego International Airport en route to St. Louis on August 24, 2024 in San Diego, California. Kevin Carter | Getty ImagesSouthwest Airlines and activist investor Elliott Investment Management announced Thursday...
David Einhorn says Peloton is significantly undervalued
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024.Adam Jeffery | CNBCShares of Peloton spiked more than 11% on Wednesday after Greenlight Capital's David Einhorn said shares of the company are significantly undervalued, CNBC has...
Abercrombie responds to CEO Mike Jeffries sex trafficking arrest
Abercrombie & Fitch chairman and CEO Mike Jeffries addresses stockholders during the company's annual meeting at the company's headquarters in New Albany, Ohio, U.S. May 22, 2003.Will Shilling | Via ReutersAbercrombie & Fitch washed its hands of its former CEO...
CDC notified about outbreak last week
A customer walks out of a McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024.Mario Tama | Getty ImagesThe Centers for Disease Control and Prevention told McDonald's late last week about a potential link to an E. coli outbreak, company spokespeople said...
Novo Nordisk asks FDA to ban compounded Ozempic, Wegovy copies
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy.Hollie Adams | ReutersNovo Nordisk on Tuesday asked the Food and Drug Administration to prevent compounding pharmacies from making unapproved and often cheaper versions of its popular weight loss...
Apple, Goldman Sachs fined over $89 million for Apple card failures
Apple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019.Noah Berger | AFP | Getty ImagesThe Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than...
Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt sales
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech...
September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors.Sales were 3.5% lower than in September...
Morgan Stanley rolls out OpenAI-powered chatbot for Wall Street division
A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.Brendan McDermid | ReutersMorgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted...
Boeing (BA) 3Q 2024 earnings
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty ImagesBoeing's new CEO Kelly Ortberg will have a chance to lay out his vision for the troubled...
Coca-Cola (KO) Q3 2024 earnings
Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesCoca-Cola is about to report third-quarter earnings before the bell on Wednesday.Here is what Wall Street analysts surveyed by LSEG...
Starbucks releases preliminary results, says sales fell again
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround."Our fourth quarter...
McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders
A McDonald's located on Route 66 in Azusa, California, on April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to...
WNBA Finals Game 5 game draws highest viewership in 25 years
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesIt was a...
‘Swicy’ items take over restaurant menus as Gen Z seeks heat
A general view of atmosphere during 'Sonic Desert' presented by Coca-Cola Spiced and Topo Chico in partnership with BPM Music on April 13, 2024 in Thermal, California. Randy Shropshire | Getty ImagesThe hottest food and drink trend this year isn't just spicy — it's...
Peloton, Costco partner to sell Bike+ for 2024 holiday
Peloton's stationary bikes will soon sell at Costco's stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday.Under the terms of the deal, Costco will offer Peloton's...
Boeing CEO to discuss company’s future while workers vote on contract
Ryan Bergh, a machinist at Boeing's factory in Everett, Washington for 10 years, cheers during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. (Photo by...
MLS attendance, sponsorship revenue hit regular season records
Lionel Messi of Inter Miami competes during a friendly match between Inter Miami and Newell's Old Boys at DRV PNK Stadium in Fort Lauderdale, Florida on February 15, 2024. Arturo Jimenez | Anadolu | Getty ImagesMajor League Soccer scored several regular season...
Walmart will start delivering prescriptions as CVS, Walgreens struggle
Walmart will start to deliver prescriptions to customers' doorsteps. Customers can also get additional items dropped off along with medications, such as groceries.Courtesy of WalmartAs CVS and Walgreens shutter hundreds of stores nationwide to shore up profits and...
NBA, WNBA and Nike renew uniform partnership
Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women's National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues announced Monday.Under the terms...
General Motors (GM) earnings Q3 2024
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting,...
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly |...
The next big career track at business schools: Family offices
The University of Chicago Booth School of Business.Courtesy: The University of Chicago Booth School of Business.A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and...
McDonald’s says it’s not political after Trump visit
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via ReutersThough President Donald Trump visited a Pennsylvania...
Boeing machinists to vote on new proposal that could end strike
People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024.Jason Redmond | AFP | Getty ImagesBoeing and its machinists' union have reached a...
Chick-fil-A to release entertainment app Play with shows and podcasts
A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Scott Olson | Getty ImagesChicken sandwiches, waffle fries, milkshakes – and now TV shows and podcasts?Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original...
Disney CEO to be named in 2026; Gorman to become board chair next year
James Gorman, executive chairman and then-chief executive of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.Jeenah Moon | Bloomberg | Getty ImagesDisney has tapped James Gorman to replace Mark Parker as the...
elections, hurricanes to affect retail spending
A Macy's store is seen at Herald Square on December 11, 2023 in New York City.Michael M. Santiago | Getty ImagesInflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty.Several hard-to-predict factors will influence...
Trump, Harris plans on drug costs, abortion, Obamacare differ
President Donald Trump talks to the press outside the White House, July 19, 2019, left, and Democratic presidential nominee and U.S. Vice President Kamala Harris speaks to mark the one-year anniversary of the Oct. 7 Hamas attacks on Israel, at the vice president's...
Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines on Friday said it reached an agreement with its credit card...
Starbucks taps former Chipotle executive as global chief brand officer
Tressie Lieberman, the incoming global chief brand officer at Starbucks.Courtesy: StarbucksStarbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left...
Embraer CEO says jet maker studying possibilities for a new aircraft
Embraer CEO Francisco Gomes Neto speaks during the Embraer Media Day 2022 at the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Carla Carniel | ReutersBrazilian plane maker Embraer is studying the market and new technology that could warrant it...
Patek Philippe Cubitus collection marks first new line in 25 years
Introducing the new Patek Philippe Cubitus line.Courtesy: Patek PhilippeStoried Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line.The new collection comes at a time when luxury watch prices have largely...
Stellantis to sell, shutter large proving grounds amid cost-cutting
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Automaker Stellantis plans to shutter and sell its...
Spirit AeroSystems to furlough 700 workers as Boeing strike continues
Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019.Nick Oxford | ReutersBoeing supplier Spirit AeroSystems will furlough some...
Folie a Deux’ is 2024’s latest box office flop
Joaquin Phoenix stars as Arthur Fleck in "Joker: Folie a Deux."Warner Bros.Warner Bros. took a big swing with "Joker: Folie a Deux." It's turned into a big whiff.After the billion-dollar success of "Joker" in 2019 on a shoestring budget of just $55 million, the studio...
Procter & Gamble (PG) Q1 2025 earnings
Boxes of Bounce dryer sheets owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty ImagesProcter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed...
Commercial real estate recovery may be uneven
A commercial building available for rent in Melville, New York, April 17, 2023.Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate.The Federal Reserve began its interest rate cutting cycle in September, lowering the Fed funds...
NFL’s Browns plan to leave Cleveland stadium for dome in the suburbs
A general view of Huntington Bank Field during an NFL football game between the Cleveland Browns and the New York Giants in Cleveland on Sept. 22, 2024.Kirk Irwin | APThe National Football League's Cleveland Browns are leaving the shores of Lake Erie.The Browns plan...
Merck says experimental RSV treatment protected infants in trial
The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021.Andrew Kelly | ReutersMerck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive results in a mid- to...
Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes
Zyn nicotine cases and pouches are seen on a table in New York City on Jan. 29, 2024.Michael M. Santiago | Getty ImagesTobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S....
NFL stadiums could experience $11 billion in climate-related losses
In this aerial view, the domed roof at Tropicana Field, the home of the Tampa Bay Rays, is seen ripped to shreds from Hurricane Miltonís powerful winds in St. Petersburg. The storm passed through the area on October 10, 2024, making landfall as a Category 3 hurricane...
Universal’s Epic Universe theme park set to open in May 2025
Concept rendering of Universal Orlando Resort's newest theme park: Epic Universe.NBC UniversalUniversal's Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida.Epic Universe is the company's fourth theme park, spanning 750 acres, and is the...
Netflix (NFLX) earnings Q3 2024
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Thursday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, upcoming live sporting...
Latino audience is key for NFL growth in the U.S. and abroad
Isiah Pacheco #10 of the Kansas City Chiefs runs for a one yard touchdown during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona.Rob Carr | Getty Images Sport | Getty ImagesEarlier...
Diamond, FanDuel reach naming rights deal for regional sports networks
Pavlo Gonchar | Lightrocket | Getty ImagesMore change is coming to Diamond Sports' regional sports networks.The company said in court papers filed Tuesday that it reached a naming rights deal with Flutter-owned FanDuel, which will rebrand the Bally Sports channels...
Tom Gores buys LA Chargers stake for $750 million
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty ImagesPrivate equity billionaire Tom Gores has agreed to pay $750 million to buy 27%...
MLB playoff viewership rises in Yankees Guardians, Mets Dodgers series
Shohei Ohtani recently became the first player in MLB history to his 50 home runs and steal 50 bases in the same season.Megan Briggs | Getty Images Sport | Getty ImagesMajor League Baseball's postseason has been knocking it out of the park.The National League...
Unrivaled women’s basketball league to air on TNT Sports
Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024.Nathaniel S. Butler | National Basketball Association...
GM updates highly profitable large SUVs
DETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand's long-standing segment leadership.The Detroit automaker's Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for...
GM, Lithium Americas agree to $625 million joint venture
General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesDETROIT — General Motors has...
Novavax shares plunge as company says FDA put hold on two shots
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesNovavax on Wednesday said the Food and Drug...
Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry
An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024.Yuki Iwamura | Bloomberg | Getty ImagesUlta Beauty shares slumped on Wednesday morning, as the company said it sees "headwinds" and tougher competition in the beauty industry.As it hosted its investor day...
United Airlines (UAL) 3Q 2024 earnings
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024.Kevin Carter | Getty ImagesUnited Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported...
Tom Brady to be part owner of NFL’s Las Vegas Raiders
National Football League owners approved Tom Brady as a minority owner of the Las Vegas Raiders on Tuesday.The seven-time Super Bowl champ bought about a 10% stake in the Raiders with his business partner, Knighthead Capital founder Tom Wagner.Brady and Wagner are...
Morgan Stanley (MS) earnings Q3 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall...
American consumers are increasingly underwater on their car loans
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States...
Automated parking robots are the latest luxury real estate amenity
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots.The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds...
Boeing to raise as much as $25 billion to shore up balance sheet
Striking Boeing workers and their supporters picket outside the Boeing Co. manufacturing facility in Renton, Washington, on Sept. 16, 2024.Yehyun Kim | AFP | Getty ImagesBoeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years,...
Walgreens (WBA) earnings Q4 2024
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Andrew Kelly | ReutersWalgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street's expectations, as the...
Bank of America (BAC) earnings Q3 2024
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersBank of America...
Goldman Sachs (GS) earnings Q3 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs is scheduled to report third-quarter earnings before the opening bell...
Boeing factory strike crosses 1-month mark as pressure mounts on CEO
A Boeing worker waves a picket sign Tuesday, Sept. 24, 2024, as workers continue to strike outside the company's factory in Renton, Wash.Lindsey Wasson | APIt's been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly...
Trump or Harris? 2024 stakes for America’s businesses
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024.Getty ImagesWith the U.S. election less than a month away, the country and its corporations are staring down two drastically different options.For...
SpaceX Starship rocket launch: Flight 5 catches booster
The Super Heavy booster lands on the company's launch tower during the fifth Starship flight on Oct. 13, 2024.SpaceXSpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket's more than 20-story tall...
Delta stops hot meals on some flights citing caterer food safety issue
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County...