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Home Depot (HD) Q4 2023 earnings

Home Depot (HD) Q4 2023 earnings

The logo of Home Depot is seen on a signboard near its store in Seattle. Home Depot is expected to report its quarterly earnings this week. Toby Scott | Lightrocket | Getty ImagesHome Depot will report its fiscal fourth-quarter earnings on Tuesday, as investors look...

Walmart (WMT) Q4 2024 earnings

Walmart (WMT) Q4 2024 earnings

A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023.Dustin Chambers | Bloomberg | Getty ImagesWalmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the U.S....

Companies make 2024 the year of cost cuts

Companies make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to...

Family offices shift out of cash and into alternatives

Family offices shift out of cash and into alternatives

Strauss/curtis | The Image Bank | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While...

Future of retail predictions

Future of retail predictions

Illustration by Christina LocopoRetail has seen unprecedented upheaval over the last several years.Some of the industry's key decision-makers expect even more evolution ahead.Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave...

Shake Shack (SHAK) earnings Q4 2023

Shake Shack (SHAK) earnings Q4 2023

The Chicken Shack sandwich from Shake Shack.Shake ShackShares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results.With Thursday morning's gains, the stock reached a new 52-week high of $95.80 and is up...

Jeans brand True Religion exploring sale

Jeans brand True Religion exploring sale

The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it...

Varda drug spacecraft gets FAA approval to return

Varda drug spacecraft gets FAA approval to return

Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus.Rocket LabSpace startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing...

FTC, HHS examining cause of generic drug shortages

FTC, HHS examining cause of generic drug shortages

A variety of generic pills and capsules. Nenov | Moment | Getty ImagesThe Federal Trade Commission on Wednesday said it is examining the role that drug wholesalers and companies that purchase medicines for U.S. health-care providers play in shortages of generic...

Higher medical costs are pinching CVS, UnitedHealth

Higher medical costs are pinching CVS, UnitedHealth

A UnitedHealth Group health insurance card is seen in a wallet, Oct.14, 2019.Lucy Nicholson | ReutersGood afternoon! Health insurers are feeling the squeeze as older patients head to the doctor more than expected.CVS, which owns health insurer Aetna, on...

Flights attendants push airlines for higher wages

Flights attendants push airlines for higher wages

CHICAGO, ILLINOIS - JANUARY 24: American Airlines workers picket at O'Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants (APFA), were picketing to demand...

CEO says inflation is moderating in most markets

CEO says inflation is moderating in most markets

James Quincey, CEO of Coca-Cola Co., speaking on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 18, 2023.Adam Galica | CNBCInflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue,...

Boeing aircraft orders, deliveries dry up in January

Boeing aircraft orders, deliveries dry up in January

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019.Lindsey Wasson | ReutersBoeing's aircraft orders and deliveries fell in January as the company grappled with the fallout from a...

More than 123 million viewers tuned in

More than 123 million viewers tuned in

Kansas City Chiefs' Patrick Mahomes celebrates with the Vince Lombardi Trophy after winning Super Bowl LVIII.Brian Snyder | ReutersSuper Bowl 58 was the most-watched television show in history, as an estimated 123.4 million people watched the Kansas City Chiefs rally...

Hasbro (HAS) earnings Q4 2023

Hasbro (HAS) earnings Q4 2023

A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCel on November 18, 2021 in London, England.John Keeble | Getty ImagesToy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast...

Biogen (BIIB) earnings Q4 2023

Biogen (BIIB) earnings Q4 2023

Biogen on Tuesday reported fourth-quarter revenue and profit that shrank from a year ago, as it recorded charges related to dropping its controversial Alzheimer's drug Aduhelm and as sales slumped in its multiple sclerosis therapies, the company's biggest drug...

Coca-Cola (KO) Q4 2023 earnings

Coca-Cola (KO) Q4 2023 earnings

Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.Justin Sullivan | Getty ImagesCoca-Cola is expected to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as...

Chrysler unveils Halcyon EV concept car

Chrysler unveils Halcyon EV concept car

The Chrysler Halcyon concept car.StellantisDETROIT — Chrysler revealed the direction of its future products on Tuesday with a new concept car called "Halcyon," as the once prominent auto company attempts to drum up attention amid a dearth of new products.The concept...

DoorDash, DunKings, Beyoncé and more

DoorDash, DunKings, Beyoncé and more

Super Bowl ads: Celebrities, snacks and 'Flashdance'That wraps up the Super Bowl 58 ad slate. The biggest snack brands from Oreos, Pringles and Mountain Dew to Doritos, M&Ms and Starry dominated the line up.There were some head-scratchers, like Martin Scorsese's...

Novo Nordisk, Eli Lilly are tackling supply issues

Novo Nordisk, Eli Lilly are tackling supply issues

Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria Klesty | ReutersThe insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the...

Temu returns to Super Bowl 58 with new commercial

Temu returns to Super Bowl 58 with new commercial

Jakub Porzycki | Nurphoto | Getty ImagesTemu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD...

PepsiCo (PEP) Q4 2023 earnings

PepsiCo (PEP) Q4 2023 earnings

Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks weakened.Shares of the company fell...

Wall Street misunderstands new sports joint venture

Wall Street misunderstands new sports joint venture

EW Scripps CEO Adam SymsonSource: EW ScrippsLocal TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney, Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall.Sinclair...

Kia Carnival hybrid minivan coming this summer

Kia Carnival hybrid minivan coming this summer

CHICAGO – Kia Motors is adding a hybrid model to its Carnival minivan to meet increasing consumer demand for the technology and assist in meeting tightening federal fuel economy standards.Hybrids are a growing option for automakers as they strive to make vehicles more...

Under Armour (UAA) earnings Q3 2024

Under Armour (UAA) earnings Q3 2024

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesUnder Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in...

New sports streaming platform: What to know

New sports streaming platform: What to know

Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024.Jevone Moore | Icon Sportswire | Getty ImagesThe U.S. media world was rushing — or...

Spirit Airlines (SAVE) Q4 2023 earnings

Spirit Airlines (SAVE) Q4 2023 earnings

A Spirit Airlines plane awaits takeoff at LaGuardia Airport in New YorkLeslie Josephs/CNBCSpirit Airlines' fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is back on the path to profitability.The carrier is trying to find its footing...

Warner Music to cut 600 jobs, or 10% of staff

Warner Music to cut 600 jobs, or 10% of staff

The Warner Music Group logo is displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesWarner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing.The company said the layoffs are part of a broader restructuring...

Nelson Peltz isn’t abandoning proxy fight

Nelson Peltz isn’t abandoning proxy fight

Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York.Heidi Gutman | CNBC, NBCU Photo Bank, NBCUniversal via Getty ImagesAre you not entertained, Nelson Peltz?Disney shares jumped 6% in...

Spirits sales top beer and wine in 2023

Spirits sales top beer and wine in 2023

Spirits on display at a bar in Cardiff, Wales, in the United Kingdom.Matthew Horwood | Getty Images News | Getty ImagesThe spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according...

Disney (DIS) earnings report Q1 2024

Disney (DIS) earnings report Q1 2024

LOS ANGELES – The Walt Disney Company will report fiscal first quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital.The media behemoth will also post earnings a day after it announced its sports...

Public utilities fall short on wildfire risk mitigation

Public utilities fall short on wildfire risk mitigation

Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos.It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires...

Yum Brands (YUM) Q4 2023 earnings

Yum Brands (YUM) Q4 2023 earnings

KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada.Artur Widak | Nurphoto | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell...

CVS Heath (CVS) Q4 2023 earnings

CVS Heath (CVS) Q4 2023 earnings

A CVS location in New York, US, on Thursday, Feb. 9, 2023.Stephanie Keith | Bloomberg | Getty ImagesCVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher...

Chipotle Mexican Grill (CMG) Q4 2023 earnings

Chipotle Mexican Grill (CMG) Q4 2023 earnings

People visit a Chipotle restaurant in Miami on Feb. 9, 2022.Joe Raedle | Getty ImagesChipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts' expectations as more customers visited its restaurants.Shares of the company rose more than...

Bolts appeared missing from Alaska Air plane

Bolts appeared missing from Alaska Air plane

In this photo released by the National Transportation Safety Board, investigator-in-charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 in Portland, Oregon, on Jan. 7, 2024.National Transportation Safety Board via APBolts appeared to have...

Ford (F) Q4 2023 earnings

Ford (F) Q4 2023 earnings

Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT — Ford Motor is announcing fourth-quarter and 2023 earnings after the markets close Tuesday.Here's what Wall...

Eli Lilly (LLY) earnings Q4 2023

Eli Lilly (LLY) earnings Q4 2023

Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Mike Blake | ReutersEli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight...

McDonald’s (MCD) Q4 2023 earnings

McDonald’s (MCD) Q4 2023 earnings

Visitors are attending a New Year event held by McDonald's in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty ImagesMcDonald's is expected to report its fourth-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by...

Macy’s CEO Tony Spring takes over for Jeff Gennette

Macy’s CEO Tony Spring takes over for Jeff Gennette

Tony Spring speaks at an event unveiling the Macy's new women's apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right.Melissa Repko | CNBCInside its...

LVMH luxury watches at Watch Week in Miami

LVMH luxury watches at Watch Week in Miami

Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models.Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market...

Why Shari Redstone needs the right deal

Why Shari Redstone needs the right deal

Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Mike Blake | ReutersParamount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential...

Spotify renews deal with podcaster Joe Rogan

Spotify renews deal with podcaster Joe Rogan

Podcaster and comedian Joe Rogan.Vivian Zink | SYFY | NBCUniversalSpotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won't be exclusive to Spotify, the company announced Friday in a news release.The...

Manufacturing and construction sectors are hiring

Manufacturing and construction sectors are hiring

Construction workers erect a building in downtown Miami, Florida, on June 14, 2023.Jim Watson | AFP | Getty ImagesAt Ample's manufacturing facilities in the Bay Area, employees work on the floor alongside robots, making battery packs and other parts for its EV battery...

NFL bars teams from gambling in Las Vegas

NFL bars teams from gambling in Las Vegas

Nick Laham | Getty ImagesThe NFL is holding the Super Bowl in the gambling capital of the U.S. for the first time, but Commissioner Roger Goodell is reminding team personnel that they are not allowed to take part in the action.Goodell sent out a memo on Thursday ahead...

Bristol Myers Squibb (BMY) Q4 earnings report 2023

Bristol Myers Squibb (BMY) Q4 earnings report 2023

Bristol Myers Squibb reported quarterly earnings and revenue that topped expectations on Friday as its portfolio of new drugs posted strong sales growth. Here's what the company reported for the fourth quarter compared with what Wall Street was expecting, based on a...

Wilson tennis racket maker to trade on NYSE

Wilson tennis racket maker to trade on NYSE

Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024.Jeenah Moon | Bloomberg | Getty ImagesAmer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc'teryx, is set to start trading on the New York...

Lululemon to launch first men’s footwear line

Lululemon to launch first men’s footwear line

Canadian sportswear clothing band, Lululemon store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesLululemon is launching its first men's footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic...

Ferrari (RACE) Q4 2023 earnings

Ferrari (RACE) Q4 2023 earnings

Car key for the Ferrari Purasangue SUVAdam Jeffery | CNBCFerrari topped Wall Street's top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits for the luxury sports car manufacturer.The automaker reported a net profit of...

Peloton (PTON) earnings Q2 2024

Peloton (PTON) earnings Q2 2024

Peloton managed to turn a gross profit off of its pricey connected fitness products for a second quarter in a row, but the company said Thursday it expects more challenges ahead after it failed to reach a number of goals CEO Barry McCarthy outlined a year ago. The...

Merck (MRK) Q4 earnings report 2023

Merck (MRK) Q4 earnings report 2023

The logo for Merck & Co. is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Andrew Kelly | ReutersMerck on Thursday reported fourth-quarter revenue and adjusted earnings that topped estimates as...

Adidas will not write off remaining Yeezy inventory

Adidas will not write off remaining Yeezy inventory

Shoes are offered for sale at an Adidas store in Chicago on Feb. 10, 2023.Scott Olson | Getty ImagesAdidas announced on Wednesday that it won't write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes "at least" at the cost it...

GSK posts blowout RSV vaccine sales, raises outlook

GSK posts blowout RSV vaccine sales, raises outlook

Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. Dado Ruvic | ReutersGlaxoSmithKline on Wednesday lifted its long-term outlook following the smash-hit launch of its new RSV vaccine.The shot targeting...

Starbucks (SBUX) Q1 2024 earnings

Starbucks (SBUX) Q1 2024 earnings

A Starbucks coffee cup sits on a table at one of the coffee chain's locations in Miami, Florida, on June 11, 2021.Joe Raedle | Getty Images News | Getty ImagesStarbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectations as both...

Boeing (BA) Q4 2023 earnings

Boeing (BA) Q4 2023 earnings

A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.Eric Thayer | Bloomberg | Getty ImagesBoeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker's new 737...

J&J, Merck and Bristol Myers Squibb in the hot seat

J&J, Merck and Bristol Myers Squibb in the hot seat

Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.Good afternoon! This is Annika Kim Constantino, and I cover the biotech and pharmaceutical industry for CNBC.com. Three names in the industry – Johnson & Johnson,...

Tom Brady nutrition, apparel brands merging with Nobull

Tom Brady nutrition, apparel brands merging with Nobull

Tom Brady will become the No. 2 shareholder of Nobull.Courtesy: NobullSeven-time Super Bowl Champion Tom Brady is merging his health and nutrition company, TB12, and his apparel company, Brady, with training brand Nobull.As part of the deal, Brady will become the No....

Carnival reroutes cruises as Red Sea tensions rise

Carnival reroutes cruises as Red Sea tensions rise

The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023.Aaronp/bauer-griffin | Gc Images | Getty ImagesCarnival announced Tuesday it would reroute cruise itineraries for a dozen ships scheduled to transit the Red Sea as tensions rise in the...

Home prices November S&P Case-Shiller

Home prices November S&P Case-Shiller

A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas.Ed Lallo | Bloomberg | Getty ImagesHome prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may...

JetBlue Airways (JBLU) earnings Q4 2023

JetBlue Airways (JBLU) earnings Q4 2023

JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability.The airline expects revenue to drop between 5% and 9% in the first three months of the year, more than the 5.5% decline Wall Street...

Pfizer (PFE) Q4 earnings report 2023

Pfizer (PFE) Q4 earnings report 2023

Pfizer on Tuesday posted a surprise adjusted fourth-quarter profit, as the company's declining Covid business performed better than expected.The company reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug,...

General Motors (GM) earnings Q4 2023

General Motors (GM) earnings Q4 2023

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023.Brandon Bell | Getty ImagesDETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street is...

Three space companies at risk of running out of cash

Three space companies at risk of running out of cash

A view from onboard the upper stage of rocket LV0009 during the company's livestream on March 15, 2022.Astra / NASASpaceflightThe space sector's on the tail end of a boom-and-bust cycle. While many companies battened down the hatches to survive, a few publicly-traded...

Retail CEO turnover soars, fewer women hold CEO jobs

Retail CEO turnover soars, fewer women hold CEO jobs

Michelle Gass, chief executive officer of Kohls Corp., at the National Retail Federation Inc. annual honors in New York, Jan. 12, 2020.Bess Adler | Bloomberg | Getty ImagesTurnover in C-suites spiked across industries last year — and in retail in particular.Next week,...

Paramount CEO Bob Bakish announces layoffs

Paramount CEO Bob Bakish announces layoffs

Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | ReutersParamount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to...

Comcast (CMCSA) earnings Q4 2023

Comcast (CMCSA) earnings Q4 2023

Omar Marques | Lightrocket | Getty ImagesComcast topped both revenue and profit estimates in the fourth quarter as it lost fewer broadband subscribers than expected, and it raised its dividend 7%, the company said Thursday.Here's how Comcast performed, compared with...

American Airlines (AAL) Q4 2023 earnings

American Airlines (AAL) Q4 2023 earnings

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall...

Boeing 737 Max 9 grounding will cost $150 million

Boeing 737 Max 9 grounding will cost $150 million

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Patrick T. Fallon | AFP | Getty ImagesAlaska Airlines said Thursday that the...

UAW endorses Biden over Trump in 2024 election

UAW endorses Biden over Trump in 2024 election

U.S. President Joe Biden joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, U.S., September 26, 2023. Evelyn Hockstein | ReutersThe United Auto Workers union...

Klarna to debut $7.99 monthly plan ahead of IPO

Klarna to debut $7.99 monthly plan ahead of IPO

Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna PlusCourtesy: KlarnaSwedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public...

Chipotle aims to hire 19,000 workers ahead of spring

Chipotle aims to hire 19,000 workers ahead of spring

A "Now Hiring" sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC.Anna Moneymaker | Getty ImagesChipotle Mexican Grill hopes to recruit 19,000 new employees to make its burritos and bowls this spring, the company said...

Netflix WWE deal doesn’t mean more sports investment

Netflix WWE deal doesn’t mean more sports investment

Dwayne ''The Rock'' Johnson and John Cena in action during WrestleMania XXVIII at Sun Life Stadium on April 1, 2012 in Miami Gardens, Florida.Ron Elkman | sports Imagery | Getty Images Sport | Getty ImagesNetflix co-Chief Executive Officer Ted Sarandos wants to make...

Johnson & Johnson to settle talc baby powder probe

Johnson & Johnson to settle talc baby powder probe

Containers of Johnson and Johnson baby powder are displayed on a Walgreens shelf on April 05, 2023 in San Anselmo, California.Justin Sullivan | Getty ImagesJohnson & Johnson has reached a tentative settlement to resolve an investigation by more than 40 states into...

Netflix (NFLX) earnings Q4 2023

Netflix (NFLX) earnings Q4 2023

The Netflix logo is shown on one of the streaming giant's Hollywood buildings in Los Angeles on July 12, 2023.Mike Blake | ReutersLOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday.The company's performance has been an...

United CEO casts doubt on Boeing 737 Max 10 order

United CEO casts doubt on Boeing 737 Max 10 order

United Airlines is weighing fleet plans without the Boeing 737 Max 10 after a series of delays and most recently, the grounding of a smaller variant of the plane, the carrier's CEO said Tuesday.The Max 10 is the largest model of the plane and hasn't yet been certified...

Rugged design, standard heated seats

Rugged design, standard heated seats

The 2025 Chevrolet Equinox RS.ChevroletDETROIT — General Motors is redesigning its gas-powered Chevrolet Equinox crossover to look more rugged than its predecessors in an attempt to move the vehicle upmarket and attract new buyers.The 2025 Equinox, which GM revealed...

Netflix to stream WWE Raw starting next year

Netflix to stream WWE Raw starting next year

Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year, in Netflix's first major foray into live sports.The 10-year deal is valued at more than $5 billion, according to a company filing....

United Airlines (UAL) Q4 2023 earnings

United Airlines (UAL) Q4 2023 earnings

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019.Justin Sullivan | Getty ImagesUnited Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration's grounding of Boeing 737 Max 9...

Procter & Gamble (PG) Q2 2024 earnings

Procter & Gamble (PG) Q2 2024 earnings

A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China.VCG | Getty ImagesProcter & Gamble on Tuesday reported mixed...

Johnson & Johnson (JNJ) earnings Q4 2023

Johnson & Johnson (JNJ) earnings Q4 2023

The stock trading graph of Johnson & Johnson is seen on a smartphone screen.Rafael Henrique | SOPA Images | LightRocket | Getty ImagesJohnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that narrowly edged out Wall Street's expectations...

Oatly, Carvel ice cream partnership boosts stock

Oatly, Carvel ice cream partnership boosts stock

Containers of Oatly frozen desserts are displayed on a shelf at a Whole Foods store in San Rafael, California, on Nov. 15, 2021.Justin Sullivan | Getty ImagesOatly and Carvel said on Monday that they will partner to add oat milk-based items at the chain's ice cream...

United Airlines (UAL) Q4 2023 earnings

United Airlines (UAL) Q4 2023 earnings

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019.Justin Sullivan | Getty ImagesUnited Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration's grounding of Boeing 737 Max 9...

China poses growing threat to U.S. auto industry

China poses growing threat to U.S. auto industry

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesDETROIT – Chinese automakers pose a growing threat to...

Shoppers deal with holiday debt

Shoppers deal with holiday debt

Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesWhen she started shopping for the holidays late last year, Kiki Andersen was struggling to buy her loved ones gifts. So she turned to a novel solution to get through...

Beyond Yoga names Athleta, Gap veteran Nancy Green CEO

Beyond Yoga names Athleta, Gap veteran Nancy Green CEO

Levi Strauss' Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks to scale beyond its modest roots and compete with industry leaders such as Lululemon and upstarts such as Alo Yoga and...

Delta CEO confident about Max 10 order

Delta CEO confident about Max 10 order

Delta airlines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta.Camilo Freedman | Lightrocket | Getty ImagesDelta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with...

U.S. recession, AI, China economy

U.S. recession, AI, China economy

A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis BalibouseDenis Balibouse | ReutersThe 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Billionaires and world...

Salad and Go expands as it competes with Sweetgreen

Salad and Go expands as it competes with Sweetgreen

The drive-thru entrance to a Salad and Go location.Source: Salad and GoWhen Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the "McDonald's of its generation."But another salad rival could beat Sweetgreen to...

Home goods retailer to cut 1,650 employees

Home goods retailer to cut 1,650 employees

Wayfair IPO on the floor of the New York Stock Exchange.Lucas Jackson | ReutersWayfair is cutting 13% of its global workforce as the digital home goods retailer looks to trim down its structure, cut out layers of management and reduce costs, it announced Friday. The...

Macy’s to cut jobs and close stores

Macy’s to cut jobs and close stores

Macy's on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.The move will affect approximately 2,350 positions across its corporate...

Wendy’s names Kirk Tanner new CEO

Wendy’s names Kirk Tanner new CEO

A "Now hiring" sign is displayed outside of a Wendy's in Miami, Florida, on Oct. 8, 2021.Joe Raedle | Getty ImagesWendy's has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease...

Birkenstock shares slump on earnings after IPO

Birkenstock shares slump on earnings after IPO

A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering.Angela Weiss | Afp | Getty ImagesBirkenstock shares slumped nearly 10% Thursday after the company warned about its 2024...

Nelson Peltz outlines plans for Disney proxy battle

Nelson Peltz outlines plans for Disney proxy battle

Nelson PeltzDavid A. Grogan | CNBCDisney and its investors are going to start hearing a lot from activist investor Nelson Peltz.In the coming weeks, Peltz's Trian Fund Management plans to post on X and add content to its website RestoreTheMagic.com as a crescendo to...

Nelson Peltz states case for board seats

Nelson Peltz states case for board seats

Activist investor Nelson Peltz is stating his case for joining Disney's board. Peltz's Trian Fund Management, in formally nominating Peltz and former Disney CFO Jay Rasulo to the media giant's board of directors Thursday, made a list of initiatives and performance...

Boehringer Ingelheim, Terns, Viking may join market

Boehringer Ingelheim, Terns, Viking may join market

Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty ImagesDrugmakers have been scrambling to join a two-horse race to...

Shein IPO: China launches security review

Shein IPO: China launches security review

Clothes at the Shein headquarters in Singapore on June 19, 2023.Ore Huiying | Bloomberg | Getty ImagesChina's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. initial public...

Sales rise, raising retail hopes for 2024

Sales rise, raising retail hopes for 2024

A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023.Vincent...

Jamie Dimon warns on U.S. economy in 2024, 2025

Jamie Dimon warns on U.S. economy in 2024, 2025

JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks."You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told...

Boeing 737 Max 9 review gets independent advisor

Boeing 737 Max 9 review gets independent advisor

Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport on January 9, 2024 in Portland, Oregon. NTSB investigators are continuing their inspection on the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft following a midair fuselage blowout...

2023 rebound and heavy M&A

2023 rebound and heavy M&A

A long exposure photo shows the company's fourth Alpha rocket mission launching from California's Vandenberg Space Force Base on Dec. 22, 2023.Sean Parker / Firefly AerospaceInvestment in the space sector bounced back last year, rebounding closer to the record high of...

Goldman Sachs (GS) earnings 4Q 2023

Goldman Sachs (GS) earnings 4Q 2023

Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts' expectations on better-than-expected asset and wealth management revenue.Here's what the company reported versus what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...

Renewed interest in ADCs will continue in 2024

Renewed interest in ADCs will continue in 2024

Medical personnel use a mammogram to examine a woman's breast for breast cancer.Hannibal Hanschke | dpa | Picture Alliance | Getty ImagesSAN FRANCISCO — An established but promising group of cancer drugs was a red-hot market in 2023, and more companies could look to...

How owner Spin Master is innovating iconic puzzle

How owner Spin Master is innovating iconic puzzle

Erno Rubik, inventor of the Rubik's Cube, holds one of the cubes at the International Toy Fair in Nuremberg, Germany, Jan. 29, 2020.Picture Alliance | Getty ImagesIt took a month of twisting and turning for the first person to solve a Rubik's Cube. That person was...

Space company Momentus MNTS running out of money

Space company Momentus MNTS running out of money

An artist's rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit.MomentusSpace company Momentus warned shareholders in a securities filing on Friday that the company is running out of money and does not have a financial lifeline.Momentus,...

Citigroup (C) earnings 4Q 2023

Citigroup (C) earnings 4Q 2023

Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's regional banking crisis and CEO Jane Fraser's corporate overhaul.All told, the charges — so massive the bank preannounced their impact...

Wells Fargo (WFC) earnings 4Q 2023

Wells Fargo (WFC) earnings 4Q 2023

Wells Fargo shares fell more than 1% before the bell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year."As we look forward, our business performance...

Bank of America (BAC) earnings 4Q 2023

Bank of America (BAC) earnings 4Q 2023

Bank of America shares fell about 2% in premarketing trading on Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.Here's what the company reported compared with Wall Street expectations:Earnings per share: 70 cents adjusted...

JPMorgan Chase (JPM) earnings Q4 2023

JPMorgan Chase (JPM) earnings Q4 2023

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase said...

Delta Air Lines (DAL) Q4 2023 earnings

Delta Air Lines (DAL) Q4 2023 earnings

Airbus A330neo widebody aircraft meant for Delta Air Lines being tested in Toulouse, France.Nurphoto | Nurphoto | Getty ImagesDelta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive...

Neiman Marcus CEO addresses Saks sale rumors

Neiman Marcus CEO addresses Saks sale rumors

A woman holds the hand of her daughter while motioning to a man in front of Neiman Marcus at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesORLANDO, Fla. – As rumors swirl over whether Saks Fifth Avenue will...

LeBron James signs Fanatics deal, leaves Upper Deck

LeBron James signs Fanatics deal, leaves Upper Deck

LeBron James signs with Fanatics Collectibles in a trading card deal, leaving Upper Deck after 20 years.Courtesy: FanaticsLeBron James is moving his trading card sponsorship to Fanatics Collectibles after more than 20 years with rival Upper Deck.Fanatics will kick off...

What Wall Street wants to see from Hollywood in 2024

What Wall Street wants to see from Hollywood in 2024

Picture Alliance | Picture Alliance | Getty ImagesIt's the third act of the streaming wars. That's the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood.Legacy media companies...

NASA delays crewed Artemis moon missions

NASA delays crewed Artemis moon missions

The crew members of the Artemis 2 mission of the U.S. space agency NASA, left to right, Reid Wiseman Victor Glover, Christina Koch and Jeremy Hansen, stand at a press event in the ArianeGroup building.Hauke-Christian Dittrich | Picture Alliance | Getty ImagesNASA is...

Boeing to revise 737 Max 9 inspection instructions

Boeing to revise 737 Max 9 inspection instructions

An Alaska Airlines Boeing 737 Max 9 aircraft is grounded at Los Angeles International Airport in California on Jan. 8, 2024.Eric Thayer | Bloomberg | Getty ImagesAircraft manufacturer Boeing will revise inspection instructions for its 737 Max 9 planes after a panel...

Home prices surge, Detroit gains beat Miami

Home prices surge, Detroit gains beat Miami

A for sale sign hangs outside a home on the west side of Detroit, Michigan.Fabrizio Costantini | Bloomberg | Getty ImagesHome prices are rising faster and faster each month, fueled by a decline in mortgage rates.On a national level, home prices jumped 5.2% in November...

NFL offers buyouts to more than 200 employees

NFL offers buyouts to more than 200 employees

Nick Laham | Getty ImagesThe National Football League offered voluntary buyouts to at least 200 employees as it gears up for start of the playoffs this coming weekend, according to a memo obtained by CNBC.The NFL, which has about 1,100 employees, told staff that it is...

American Airlines frequent flyer changes for 2024

American Airlines frequent flyer changes for 2024

An American Airlines Airbus 321 sits at the gate at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on July 23, 2023.Daniel Slim | AFP | Getty ImagesFirst things first: American Airlines isn't changing the requirements to earn elite status at...

What travelers need to know

What travelers need to know

The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board in Portland, Oregon, on Jan. 7, 2024.Ntsb |...

Used car prices high but expected to be stable in 2024

Used car prices high but expected to be stable in 2024

Used cars for sale at Lee Auto Mall on Wednesday, August 16, 2023. (Staff photo by Brianna Soukup/Portland Press Herald via Getty Images)Brianna Soukup | Portland Press Herald | Getty ImagesDETROIT – Used vehicle prices are expected to stabilize this year, after...

Tiger Woods ends Nike partnership after 27 years

Tiger Woods ends Nike partnership after 27 years

A portrait of Tiger Woods of The United States during the pro-am as a preview for the Hero World Challenge at Albany Golf Course on November 29, 2023 in Nassau.David Cannon | Getty ImagesTiger Woods' 27-year partnership with Nike has come to an end. The superstar...

Abercrombie and Lululemon report early holiday results

Abercrombie and Lululemon report early holiday results

Combination showing store signage from Aberdrombie & Fitch and Lululemon stores.Getty ImagesAbercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts...

Boeing stock slides after FAA grounds 737 Max 9s

Boeing stock slides after FAA grounds 737 Max 9s

An Alaska Airlines Boeing 737 Max-9 aircraft grounded at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Saturday, Jan. 6, 2024. David Ryder | Bloomberg | Getty ImagesShares of Boeing tumbled roughly 8% in premarket trading Monday, as...

The 2023 U.S. economy, in charts

The 2023 U.S. economy, in charts

A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023.Ed Jones | AFP | Getty ImagesThe state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the...

Top 10 best-selling cars in the U.S. in 2023

Top 10 best-selling cars in the U.S. in 2023

2023 Ford Super Duty F-350 LimitedFordDETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party.Sales of the Toyota RAV4 compact crossover came within 10,000 units of...

Blank Street Coffee bets on subscription program

Blank Street Coffee bets on subscription program

Blank Street Coffee's shops have taken over New York City as they lure in customers with cheap lattes and cold brew.Now the upstart chain aims to attract even more consumers who want to slash their coffee budgets through a subscription program.The Blank Street...

Ford reports 7.1% increase in U.S. vehicle sales

Ford reports 7.1% increase in U.S. vehicle sales

2024 Ford F-150 PowerBoost Platinum hybridFordDETROIT – Ford Motor's U.S. sales increased about 7% last year, marking the automaker's best sales since 2019 but coming in lower than the overall industry's growth.Ford on Thursday reported sales of nearly 2 million...

Peloton partners with TikTok on classes, content

Peloton partners with TikTok on classes, content

Peloton has launched a partnership with TikTok.Courtesy of: PelotonPeloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will...

Walgreens (WBA) earnings Q1 2024

Walgreens (WBA) earnings Q1 2024

A man walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesWalgreens reported fiscal first-quarter adjusted earnings and revenue that topped expectations on Thursday, but cut its quarterly dividend nearly in...

Ford F-150 Lightning EV price adjustments

Ford F-150 Lightning EV price adjustments

The Ford F-150 Lightning Electric Truck.John Tlumacki | Boston Globe | Getty ImagesDETROIT — Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models.The Detroit automaker confirmed Wednesday that...

Red Sea crisis fuels shipping costs, delays, inflation

Red Sea crisis fuels shipping costs, delays, inflation

The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023.Stringer | Bloomberg | Getty ImagesAttacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and...

GM’s 2023 U.S. vehicle sales were its best since 2019

GM’s 2023 U.S. vehicle sales were its best since 2019

DETROIT – General Motors' U.S. vehicle sales increased 14.1% last year to represent the automaker's best year since 2019, prior to the impacts of the coronavirus pandemic and yearslong supply chain problems.The Detroit automaker on Wednesday reported sales of roughly...

What’s ahead for franchises, theaters

What’s ahead for franchises, theaters

Timothee Chalamet stars in Warner Bros.' "Dune."Warner Bros.Mean girls, Spider-Women and sandworms will headline the 2024 box office — and they'll have to do some heavy lifting.The March 1 release of "Dune: Part Two," the delayed and much-anticipated follow-up to...

Rivian Q4 EV deliveries fall, stock slips

Rivian Q4 EV deliveries fall, stock slips

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company's plant in Normal, Ill.Michael Wayland | CNBCShares of Rivian Automotive declined by almost 10% during early trading Tuesday after the company reported increased vehicle production during...

SpaceX rockets set new launch record in 2023

SpaceX rockets set new launch record in 2023

A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA's Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023.Chandan Khanna | AFP | Getty ImagesElon Musk's SpaceX smashed its previous annual record for orbital rocket launches, pulling...

October home prices post biggest gain of 2023

October home prices post biggest gain of 2023

A "sale pending" sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by...

Migration could boost Universal dominance over Disney

Migration could boost Universal dominance over Disney

Universal and Illuminations latest animated film centers on a family of ducks who decides to leave the safety of a New England pond for an adventurous trip to Jamaica. However, their well-laid plans quickly go awry when they get lost and wind up in New York...

Bristol Myers Squibb to buy Karuna Therapeutics

Bristol Myers Squibb to buy Karuna Therapeutics

The New York Stock Exchange welcomes Bristol Myers Squibb on Nov. 20th, 2020.NYSEBristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share.Karuna's stock popped more than 47% on...

Nike, Foot Locker shares plunge on weak sales outlook

Nike, Foot Locker shares plunge on weak sales outlook

A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022.Scott Olson | Getty ImagesNike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker...

Health sector themes to watch in 2024

Health sector themes to watch in 2024

An employee works on the production line of pharmaceutical company Zentiva in Prague, Czech Republic, May 6, 2021.David W. Cerny | ReutersThe health-care sector has wiped out much of its losses for the year during the December market rally. Beaten-down biotech and...

Nike (NKE) earnings Q2 2024

Nike (NKE) earnings Q2 2024

A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022.Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell...

James Gorman talks Disney succession, proxy fight

James Gorman talks Disney succession, proxy fight

Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger's successor. Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney's board...

New car sales expected to rise next year

New car sales expected to rise next year

New Kia cars are displayed on the sales lot at San Leandro Kia on May 30, 2023 in San Leandro, California.Justin Sullivan | Getty ImagesDETROIT – Sales of new vehicles in the U.S. are expected to increase slightly next year, as the automotive industry continues to...

Chick-fil-A stronger than ever amid more competition

Chick-fil-A stronger than ever amid more competition

A Chick-fil-A meal is displayed at a Chick-fil-A restaurant in Novato, California, on June 1, 2023.Justin Sullivan | Getty ImagesEvery restaurant chain from McDonald's to Popeyes wants to take down Chick-fil-A, but its hold over customers is tighter than ever.Since...

Warner Bros. Discovery, Paramount in merger talks

Warner Bros. Discovery, Paramount in merger talks

Warner Bros. Discovery and rival Paramount Global are in early merger talks, sources familiar with the matter told CNBC.Warner Bros. Discovery CEO David Zaslav and Paramount CEO Bob Bakish met Tuesday to discuss the contours of a possible deal, said the sources, who...

Citigroup to close global distressed-debt unit

Citigroup to close global distressed-debt unit

A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016.Michael Nagle | Bloomberg | Getty ImagesCitigroup is shuttering another Wall Street business as CEO Jane Fraser...

Aquaman and the Lost Kingdom marks end of era for DC

Aquaman and the Lost Kingdom marks end of era for DC

Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.' "Aquaman and the Lost Kingdom."Warner Bros. DiscoveryStick a trident in it."Aquaman and the Lost Kingdom" opens Friday, marking the final installment in Warner Bros. Discovery's DC Extended Universe film...

13 media executives make 2024 predictions

13 media executives make 2024 predictions

NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesIt's the most wonderful time of the year! It's the third...

General Mills, FedEx warn about weak demand

General Mills, FedEx warn about weak demand

Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)Lindsey Nicholson | Getty ImagesTwo big companies weighed in on persistent demand...

U.S., EU reach deal to suspend taxes

U.S., EU reach deal to suspend taxes

Jack Daniel's Tennessee WhiskeyGetty ImagesU.S. whiskey distillers are breathing a sigh of relief as they will avoid a looming 50% tax on shipments to Europe.The European Union said Tuesday it would extend the suspension of tariffs on U.S. whiskey until March 31,...

Pharma had a year full of firsts

Pharma had a year full of firsts

Soumyabrata Roy | Nurphoto | Getty ImagesDrugmakers are closing out a year when they achieved several historic firsts that will shape the pharmaceutical industry in 2024 and beyond. The weight loss drug market transformed into the pharmaceutical industry's newest gold...

Mortgage demand slips despite drop in interest rates

Mortgage demand slips despite drop in interest rates

House for sale with "For Sale" real estate sign in yard in spring or summer season. No people.Fstop123 | E+ | Getty ImagesMortgage demand fell last week compared with the previous week, despite a continued drop in rates, according to the Mortgage Bankers Association's...

Southwest Airlines, pilots union reach labor deal

Southwest Airlines, pilots union reach labor deal

Southwest Airlines ranked as the second-best domestic airline, according to Bounce's 2023 Airline Index.Aaronp/bauer-griffin | Gc Images | Getty ImagesSouthwest Airlines and its pilots' union have reached a new preliminary labor agreement, ending months of tense...

FedEx (FDX) earnings 2Q 2023

FedEx (FDX) earnings 2Q 2023

A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023.Vcg | Visual China Group | Getty ImagesFedEx shares tumbled more than 9% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker...

Shippers divert $35 billion in cargo from Red Sea

Shippers divert $35 billion in cargo from Red Sea

So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in Yemen.Carriers are re-routing vessels as a direct result of 15 strikes in the Middle Eastern body of water since...

Theft and crime higher nearby

Theft and crime higher nearby

Target's shuttered small-format store on Folsom Street in San Francisco's SoMa neighborhood, November 2023.Gabrielle FonrougeOn Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail...

Media, telecom companies face rough 2024

Media, telecom companies face rough 2024

The GrinchSource: Universal Studios It's human nature for a new year to bring optimism and hope.For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint.Maybe that's too grinchy. Some things will get...

Care Bears have easier time getting to U.S. from China

Care Bears have easier time getting to U.S. from China

Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China.Anward Shen, owner of An'Best Toys in China, which produces the plush toys for U.S. retailer Basic Fun!, said the cost of...

Vans owner VF Corp shares tumble after cyberattack

Vans owner VF Corp shares tumble after cyberattack

American manufacturer of skateboarding shoes Vans store seen in Hong Kong.Budrul Chukrut | LightRocket | Getty ImagesShares of The North Face and Vans owner VF Corp tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders...

Walmart looks to lab-grown diamonds this Christmas

Walmart looks to lab-grown diamonds this Christmas

Walmart started carrying lab-grown diamonds last year in select stores. Now, it has expanded that to nearly 90 items that range from $78 to $498 available at the majority of its stores.Mike Calia | CNBCSECAUCUS, N.J. — Here, shoppers can browse engagement rings,...

Nikola founder Trevor Milton to be sentenced for fraud

Nikola founder Trevor Milton to be sentenced for fraud

Trevor Milton, founder of Nikola Corp., exits court in New York, US, on Monday, Sept. 12, 2022.Stephen Yang | Bloomberg | Getty ImagesNikola Founder Trevor Milton is set to be sentenced Monday in a New York courtroom on three charges related to defrauding investors of...

2024 expectations for Wegovy, Ozempic, Zepbound

2024 expectations for Wegovy, Ozempic, Zepbound

George Frey | Bloomberg | Getty ImagesWeight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market. The drugs skyrocketed in popularity in 2023 as they helped patients shed significant weight, despite hefty price...

Darden Restaurants (DRI) Q2 2024 earnings

Darden Restaurants (DRI) Q2 2024 earnings

An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21.Bloomberg | Getty ImagesDarden Restaurants on Friday reported quarterly earnings that beat expectations...

Christmas meltdown ‘will never happen again’

Christmas meltdown ‘will never happen again’

Southwest Airlines Executive Vice President Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange (NYSE) in New York City, U.S., December 9, 2021.Brendan McDermid | ReutersWith the peak Christmas travel season just days away, Southwest...

MOJO youth sports streaming platform bought by TeamSnap

MOJO youth sports streaming platform bought by TeamSnap

Former Disney TV executive Ben Sherwood coaching.Credit: Karen SherwoodWhile Ben Sherwood was working as a top Disney television executive, he was juggling another major commitment — one he couldn't quite get the hang of.Sherwood traveled back and forth between the...

Manhattan rents fall for first time in over two years

Manhattan rents fall for first time in over two years

A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)Anadolu Agency | Anadolu Agency | Getty ImagesManhattan rents fell for the first time in over two years, as the supply of empty...

Pfizer 2024 revenue, profit forecast disappoints

Pfizer 2024 revenue, profit forecast disappoints

Shares of Pfizer fell Wednesday after the drugmaker forecast 2024 revenue and profit below Wall Street's expectations, as it sees weak demand for its once-blockbuster Covid products. Pfizer also raised the target of its sweeping cost-cutting plan by $500 million,...

Mortgage refinance demand jumps after rates drop

Mortgage refinance demand jumps after rates drop

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 ImagesHomeowners looking to refinance are finding savings after mortgage rates dropped...

Blue Origin aims to launch New Shepard rocket Dec. 18

Blue Origin aims to launch New Shepard rocket Dec. 18

A Blue Origin New Shepard rocket lifts off with a crew of six from Launch Site One in West Texas on Dec. 11, 2021.Joe Skipper | ReutersThe moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster's engine failed.Blue OriginThe New Shepard...

Ford cuts 2024 production plans in half

Ford cuts 2024 production plans in half

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 will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year,...

Wizard of Oz Dorothy dress lawsuit tossed by judge

Wizard of Oz Dorothy dress lawsuit tossed by judge

A blue and white checked gingham dress, worn by Judy Garland in the "Wizard of Oz," hangs on display, Monday, April 25, 2022, at Bonhams in New York.Katie Vasquez | APThis "Wizard of Oz" dress could be off to see the auction house very soon.A federal judge in New York...

Big Pharma takes on counterfeit drugs

Big Pharma takes on counterfeit drugs

In Las Vegas, Lazaro Hernandez was a flamboyant, jet-setting poker player shown in televised tournaments with stacks of colorful chips. But the casually dressed gambler spotted on security cameras with wads of cash at the casino cage was hiding a secret life.And...

First CRISPR gene-editing treatment approved in U.S.

First CRISPR gene-editing treatment approved in U.S.

Blood sample tube with blood for Sickle Cell Screen -Test. Sickle cell blood test, abnormal hemoglobin test.Md Babul Hosen | Istock | Getty ImagesThe U.S. Food and Drug Administration on Friday approved the country's first gene-editing treatment, Casgevy, for use in...

Lululemon (LULU) earnings Q3 2023

Lululemon (LULU) earnings Q3 2023

Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey.Mike Calia | CNBCLululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer's shares fell in extended trading...

2023 was the least affordable homebuying year: Redfin

2023 was the least affordable homebuying year: Redfin

A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022.Elijah Nouvelage | Bloomberg | Getty ImagesThis year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report from real estate company Redfin.In...

U.S. poised to approve breakthrough treatment

U.S. poised to approve breakthrough treatment

At age 19, Joe Tsogbe underwent his first hip replacement. In his 20s, he averaged about nine hospitalizations a year. By his 30s, that rose to more than a dozen. All the result of sickle cell disease, an inherited blood disorder where a genetic mutation causes...

AbbVie to acquire Cerevel Therapeutics for $8.7 billion

AbbVie to acquire Cerevel Therapeutics for $8.7 billion

A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021.Brian Snyder | ReutersAbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per...

Walmart hiring, wage pressures have eased, CEO says

Walmart hiring, wage pressures have eased, CEO says

A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images News |...

Walmart CEO Doug McMillon talks about deflation

Walmart CEO Doug McMillon talks about deflation

Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it's hard to predict how sales will look in the months after the peak shopping season.In an interview with Sara Eisen that aired Wednesday on CNBC's "Squawk on the Street," the...

Aims to open nearly 9,000 restaurants

Aims to open nearly 9,000 restaurants

A McDonald's store sign in Austin, Texas, Oct. 30, 2023.Brandon Bell |Getty ImagesMcDonald's wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027.The targets are part of the fast-food giant's long-term plans to grow sales...

Mortgage refinance demand jumps as rates fall

Mortgage refinance demand jumps as rates fall

Homes in Hercules, California, US.Bloomberg | Bloomberg | Getty ImagesAfter surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jumpstarting the refinance market.Last week, the average contract interest rate for 30-year fixed-rate...

CVS to change how it prices prescription drugs

CVS to change how it prices prescription drugs

A sign outside a CVS Health store in Miami, Aug. 1, 2023.Joe Raedle | Getty ImagesCVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for...

McDonald’s investor day: What to expect

McDonald’s investor day: What to expect

French fries arranged at a McDonald's Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021.Luke Sharrett | Bloomberg | Getty ImagesMcDonald's is expected to share new details about its accelerated expansion plans, a new spinoff brand...

Shein IPO: Lawmakers scrutinize forced labor

Shein IPO: Lawmakers scrutinize forced labor

Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week.One congressman who sits on a key committee is even threatening to pursue legislation to bar the retailer from trading if the U.S. Securities and Exchange Commission...

Southwest, pilots union near a preliminary labor deal

Southwest, pilots union near a preliminary labor deal

A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023.Nicolas Economou | Nurphoto | Getty ImagesSouthwest Airlines and its pilots union are closing in on a new contract that would raise pay...

Panera Bread IPO filing

Panera Bread IPO filing

A Panera Bread mango yuzu citrus charged lemonade is displayed at a Panera Bread restaurant in Novato, California, on Nov. 1, 2023.Justin Sullivan | Getty ImagesPanera Bread has confidentially filed to go public again, the Financial Times reported.The restaurant...

Ulta Beauty (ULTA) Q3 2023 earnings

Ulta Beauty (ULTA) Q3 2023 earnings

Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they're willing to spend on fragrances, skin care and more even when the budget is tight.The specialty beauty retailer raised...

Mars accused of using child labor in cocoa supply chain

Mars accused of using child labor in cocoa supply chain

Detail of a recently opened cocoa pod in Asikasu on December 19, 2020. The beans will be leave to ferment for 5 days before put them under the sun to dry them. (Photo by CRISTINA ALDEHUELA / AFP) (Photo by CRISTINA ALDEHUELA/AFP via Getty Images)Cristina Aldehuela |...

Billionaires to transfer $5 trillion to their children

Billionaires to transfer $5 trillion to their children

In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report.It marked the first time in the nine-year history of the report that newly minted billionaires...

Nelson Peltz seeks seats on Disney board

Nelson Peltz seeks seats on Disney board

Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesActivist investor Nelson Peltz...

Covid vaccine rates are falling in U.S.

Covid vaccine rates are falling in U.S.

A sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023.Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Only 15.7% of U.S. adults had...

Pending home sales drop to record low

Pending home sales drop to record low

A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington.Jim Bourg | ReutersPending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest...

Grand Theft Auto is coming to Netflix Games

Grand Theft Auto is coming to Netflix Games

Grand Theft Auto V packaging and the Netflix logo are displayed on a phone screen in this photo taken in Krakow, Poland, on Oct. 18, 2023.Nurphoto | Getty ImagesNetflix announced Wednesday that it will make three "Grand Theft Auto" titles available to play for...

Miriam Adelson makes play for Texas with Mavericks deal

Miriam Adelson makes play for Texas with Mavericks deal

Dr. Miriam Adelson speaks onstage during the 24th annual Keep Memory Alive 'Power of Love Gala' benefit for the Cleveland Clinic Lou Ruvo Center for Brain Health at MGM Grand Garden Arena on March 07, 2020 in Las Vegas, Nevada. (Photo by Denise Truscello/Getty Images...

Iger explains Marvels flop, too many Disney sequels

Iger explains Marvels flop, too many Disney sequels

NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesOne year after returning to the helm of Disney, Bob Iger...

Spirit Airlines offers buyouts to salaried employees

Spirit Airlines offers buyouts to salaried employees

A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier's latest cost-cutting measure as it expects...

How Nashville hot chicken became so big

How Nashville hot chicken became so big

Prince's Hot ChickenCourtesy: Prince's Hot ChickenNashville hot chicken had its humble beginnings nearly a century ago. Now, the specialty chicken style is a national phenomenon.The Tennessee city has numerous hot chicken restaurants competing for the top spot, as...

Foot Locker (FL) earnings Q3 2023

Foot Locker (FL) earnings Q3 2023

A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023. Bing Guan | Bloomberg | Getty ImagesShares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over...

Thanksgiving broadcasts post record ratings

Thanksgiving broadcasts post record ratings

Macy's Thanksgiving Day Parade, 2023: Birds Of A Feather Stream Together - Peacock FloatNBC | NBCUniversal | Getty ImagesThanksgiving TV viewership gave media companies a lot to be grateful for this year.A range of events over the holiday broke ratings records.NBC...

Black Friday weekend shopping turnout soars to a record

Black Friday weekend shopping turnout soars to a record

Shoppers browse for dresses during the Black Friday sale at the Vivo Activewear women's clothing store in downtown Nairobi, Kenya November 24, 2023. Thomas Mukoya | ReutersShoppers kicked off the holiday season with a bang, as a record 200.4 million people hit stores...

Rivian R1T EV leasing launches in select markets

Rivian R1T EV leasing launches in select markets

A Rivian electric pickup truck sits in a parking lot at a Rivian service center in South San Francisco, California, on May 9, 2022.Justin Sullivan | Getty ImagesRivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales...

Shein files for U.S. IPO, looks to expand global reach

Shein files for U.S. IPO, looks to expand global reach

A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura | Bloomberg | Getty ImagesShein has confidentially filed to go public in the U.S. as the Chinese-founded fast-fashion juggernaut looks to expand its global reach...

Thanksgiving Day online sales, discounts jump

Thanksgiving Day online sales, discounts jump

Anastasiia Krivenok | Moment | Getty ImagesOnline spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to Adobe Analytics, a reflection of holiday shoppers who are buying more of their gifts online and responding to discounts.E-commerce sales...

Spending and ethics in focus

Spending and ethics in focus

TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty ImagesConsumers are increasingly turning to social media for their shopping this holiday season, and TikTok's latest venture into e-commerce has emerged at the...

Retailers use deals and events to drive sales

Retailers use deals and events to drive sales

Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effort that retailers are putting in to motivate shoppers.Melissa Repko | CNBCNEW YORK CITY — On a recent weekend in downtown...

Napoleon is latest Apple bid for Oscars

Napoleon is latest Apple bid for Oscars

Vanessa Kirby and Joaquin Phoenix star in AppleTV+'s "Napoleon," directed by Ridley Scott.Apple Original FilmsLOS ANGELES – Apple Original Films is a new player on the Academy Award scene, but it's already left an indelible — and historic — mark.The studio, which has...