Business
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...
Airfare is down, but here’s why that may not last for long
Travelers at LaGuardia Airport in New York on June 30, 2022.Leslie Josephs | CNBCAirfare fell 6.4% in January from a year earlier, the Labor Department said in its monthly consumer price index report on Tuesday. It might not last too long.January is typically a slower...
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...
Molson Coors gains market share as consumers shift away from Bud Light
Miller, and Coors a products are displayed October 9, 2007 in Chicago, Illinois.Scott Olson | Getty ImagesBrewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead.The company, which makes Coors Light and Miller Lite,...
ESPN Bet plans launch in New York, the largest U.S. betting market
ESPN Bet is coming to the Big Apple.Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It's the same amount Wynn paid New York state to operate there.Wynn Interactive, a subsidiary of...
Banks ask for help protecting customers from online romance scams
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that's costing Americans billions of dollars every year: online romance scams.These digital crimes have proliferated since the pandemic, as...
Medicare drug price negotiations: Judge tosses PhRMA lawsuit
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC.Anna Moneymaker | Getty ImagesA federal judge on Monday dismissed a lawsuit brought by a major...
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
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
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...
Startup Skylo raises $37 million from Intel, BMW, Samsung
A Skylo base station in assembly.Skylo TechnologiesSilicon Valley space startup Skylo Technologies landed funding from the corporate venture arms of Intel, BMW and Samsung, as the company aims to bridge the gap between satellite and terrestrial communications.Skylo...
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...
Paramount Global lays off about 800 employees after Super Bowl
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 Global is laying off hundreds of employees, just one day after the company announced CBS...
Startup K2 Space raises $50 million to build monster satellites
K2 Space co-founders Karan Kunjur and Neel Kunjur at the company's facility in Torrance, California.Credit: K2 SpaceLos Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that...
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...
Restaurant Brands International (QSR) Q4 2023 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International reported quarterly earnings and revenue that beat analysts'...
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
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...
Carl Icahn reports JetBlue stake, calls shares undervalued
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on Sept. 13, 2016.Heidi Gutman | CNBCActivist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue...
Tiger Woods, TaylorMade sign apparel deal following his Nike split
Tiger Woods at the practice range on April 5, 2022, before the start of the 2022 Masters at Augusta National Golf Club in Augusta, Georgia.Brian Spurlock | Icon Sportswire | Getty ImagesTiger Woods and TaylorMade have made it official. The golf great has agreed to...
Jeff Bezos’ move to Miami will save him over $600 million in taxes
Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 06, 2023 in Miami, Florida. Clive Mason | Formula 1 | Getty ImagesJeff Bezos' $2 billion stock sale last week came...
JetBlue resets with new CEO Joanna Geraghty, airline veterans
A JetBlue Airways plane prepares to depart New York's LaGuardia Airport.Leslie Josephs/CNBCIn the 24 years since JetBlue Airways' first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and...
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...
Travelers increasingly turn to taking Amtrak trains over flights
Amtrak trains travel through Washington, DC, on September 15, 2022.Stefani Reynolds | AFP | Getty ImagesAs domestic travel rebounds from pandemic lows and prices soar, some travelers opting for trains over planes.For many, the tradeoffs are simple: Trains are often...
Florida mansion is most expensive U.S. home for sale at $295 million
The main house at Gordon Pointe spans 11,500 sq ft.The most expensive home for sale in the U.S. hit the market this week for $295 million.Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called...
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
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...
JPMorgan Chase, Wells Fargo cut overdraft revenue to $2 billion in 2023
Pedestrians pass a JPMorgan Chase bank branch in New York.Michael Nagle | Bloomberg | Getty ImagesThe three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways...
YouTube stars help NFL bring in more viewers, league says
YouTuber Deestroying and NFL Commissioner Roger Goodell presenting at YouTube's Brandcast in May 2023.Credit: YouTubeYouTube bet big on the NFL to boost its subscriber base, and content creators have been key to that push.After YouTube committed $2 billion per year to...
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...
Hawaiian Airlines debuts SpaceX Starlink free inflight Wi-Fi
A Hawaiian Airlines A321 aircraft with Starlink WiFi installed.Hawaiian AirlinesHawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX's Starlink on board commercial flights this week, the companies told CNBC, the first major U.S. airline to offer the...
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...
Delta to open new tier of premium airport lounges this year
Delta's new Sky Club airport lounge at New York's John F. Kennedy International Airport.Leslie Josephs/CNBCDelta Air Lines' popular airport lounges are getting a more exclusive tier, in the airline's latest push to cater to high-spending travelers.The first "premium"...
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...
Merck, J&J, Bristol Myers Squibb CEOs face Senate drug price hearing
Sen. Bernie Sanders, left, appears at a news conference with Sen. Ed Markey on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices, in the Capitol, Jan. 25, 2024.Bill Clark | Cq-roll Call, Inc. | Getty ImagesSenators will question the...
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
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...
NYCB reignites banking industry, commercial real estate fears
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty ImagesEmbattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to soothe...
Disney is releasing a ‘Moana’ sequel in theaters this Thanksgiving
Still from Disney Animation's "Moana."DisneyHow far will Disney go? Back to ancient Polynesia, it seems.On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film "Moana."The news...
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...
Disney to take $1.5 billion stake in Epic Games, maker of Fortnite
Rafael Henrique | Lightrocket | Getty ImagesDisney is investing $1.5 billion for a stake in Epic Games, CEO Bob Iger said Wednesday, in its biggest bet yet on the gaming space.The media giant will work with the Fortnite studio to create new games and an entertainment...
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...
Taylor Swift Eras Tour film to stream on Disney+ starting March 15
Taylor Swift performs during opening night of her The Eras Tour at Soldier Field in Chicago on June 2, 2023.Chicago Tribune |Getty…Ready for it?Taylor Swift's filmed Eras Tour has found a home on Disney+. The concert film will arrive on the platform on March 15,...
ESPN will launch its flagship direct-to-consumer service in fall 2025
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesESPN...
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 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
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...
GM, LG Chem announce $19 billion deal for EV battery materials
2025 Cadillac Escalade IQGMDETROIT – General Motors plans to spend $19 billion over roughly the next decade to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday.The long-term supply contract will see LG Chem...
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...
Moody’s downgrades bank’s credit rating to junk; shares tumble
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares churned early Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk...
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
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...
Novo Nordisk, Eli Lilly tackle weight loss drug supply woes
Good afternoon! All eyes are on Novo Nordisk and Eli Lilly again as Wall Street looks for signs that they can address one of the biggest hurdles they faced last year. Neither company has enough supply to meet the insatiable demand for their weight loss and diabetes...
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...
Ford reassessing EV plans, including vertical battery integration
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022.Michael Nagle | Bloomberg | Getty ImagesDETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing"...
ESPN, Fox, Warner Bros. to launch joint sports streaming platform
Walt Disney's ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, giving consumers a new way to access marquee live sports for the first time, the companies said Tuesday.The platform, which will be owned by a newly formed...
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...
Eli Lilly weight loss drug may treat fatty liver disease
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Brendan McDermid | ReutersEli Lilly on Tuesday said its highly popular drug used for weight loss and diabetes showed promise as a treatment for fatty...
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...
Toyota to invest $1.3 billion for large all-electric SUV in Kentucky
Akio Toyoda, Chairman of Toyota Motor Corp.Yoshikazu Tsuno | Gamma-rapho | Getty ImagesToyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday.The vehicle is expected to go...
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 and Starbucks blame Israel-Hamas war for slower sales
People dit at McDonald's outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty ImagesMcDonald's and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas...
Mortgage rates back over 7%, as stronger economic data rolls in
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized...
Novo Nordisk parent to buy Catalent to expand Wegovy supply
Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, November 21, 2023. Victoria Klesty | ReutersNovo Nordisk's parent company on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal...
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...
McDonald’s launches ‘Best Burger’ ahead of earnings report
A man drinks a coke and eats a Big Mac at a McDonald's in Cologne, Germany, on May 25, 2015.Oliver Berg | picture alliance | Getty ImagesMcDonald's has upgraded its burgers — but it's unclear if its sales will get the same boost.The fast-food giant has outperformed...
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
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
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
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...
Fourth-quarter earnings shaping up to be the best of 2023
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024. Brendan McDermid | ReutersHere's how big of a surprise corporate profits have been this earnings season: the fourth-quarter is now shaping up to be the best of...
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
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...
Ford hybrid vehicle sales surge to offset EV decline in January
DETROIT – Ford Motor started the year with a slight increase in sales, as a large jump in hybrid vehicles offset an 11% decline in all-electric cars and trucks.The Detroit automaker on Friday reported sales rose 4.3% last month from January 2023, led by a 43% jump in...
Goldman Sachs-backed electricity firm to reach more Americans’ homes
Omar Marques | Lightrocket | Getty ImagesGoldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer means its reach into American homes is about to grow.Rhythm Energy, a Houston-based electricity provider...
Domestic box office could top $10 billion in 2026, thanks to Disney
LOS ANGELES — A push toward streaming, a pandemic and two Hollywood labor strikes have upended the theatrical industry, dragging on annual box-office hauls.While 2024 and 2025 boast franchise-rich movie slates, Wall Street doesn't expect ticket sales to top $10...
Barington pushes Mattel to fix or sell off American Girl, Fisher-Price
The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023.Patrick T. Fallon | AFP | Getty ImagesActivist investor Barington Capital is pushing Mattel to...
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...
Carvana targets redemption after bankruptcy concerns, restructuring
A Carvana sign and signature vending machine in Tempe, Ariz.Michael Wayland/CNBCPHOENIX – As layoffs and cost cuts roil Wall Street, from retail and shipping to tech and media, embattled online used car sales giant Carvana says its own restructuring is in the rear...
Small business optimism rises despite inflation: Goldman Sachs survey
U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC.Alex Wong | Getty ImagesSmall business owners are more optimistic to start the year, even as they face persistent...
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
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
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 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
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
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...
Paramount bidder Byron Allen has long history of failed media bids
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesByron Allen, the media mogul offering $14 billion for Paramount...
Studios rethink streaming strategy amid Wall Street profitability push
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of "Mean Girls."ParamountParamount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first.As the...
Voyager’s Starlab space station buys SpaceX Starship launch
An artist's rendering of the Starlab space station in low Earth orbit.Voyager Space / Starlab Space LLCA contract written in the stars.Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies developing both spacecraft...
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...
Biogen drops Alzheimer’s drug Aduhelm to focus on Leqembi, others
The Biogen headquarters in Cambridge, Massachusetts, on Tuesday, Oct. 24, 2023.Vanessa Leroy | Bloomberg | Getty ImagesBiogen on Wednesday said it will discontinue the sale and development of its older and highly controversial Alzheimer's drug Aduhelm to refocus the...
PGA Tour gets investment from Strategic Sports Group amid LIV talks
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017.Fred Kfoury | Icon Sportswire | Getty ImagesA U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the...
Walmart plans to add more than 150 large-format stores in U.S.
An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. With this, a lot of Walmart employees have lost their jobs.Chin Hei Leung | Lightrocket | Getty ImagesWalmart...
Starbucks’ earnings report was weak — but Wall Street expected worse
A customer exits a Starbucks store in Manhattan on Jan. 30, 2024, in New York City.Spencer Platt | Getty ImagesWall Street is shaking off Starbucks' weak quarterly report, seemingly taking executives at their word that the company's challenges are "transitory."The...
Vertex non-opioid painkiller shows positive late-stage trial results
A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston on Oct. 23, 2019.Brian Snyder | ReutersVertex Pharmaceuticals on Tuesday said its experimental painkiller, which is being tested as an alternative to addictive opioids, significantly...
Walmart announces 3-for-1 stock split as shares hover below all-time high
A worker carries bananas inside the Walmart Supercenter in North Bergen, New Jersey.Eduardo Munoz Alvarez | APWalmart announced a three-for-one stock split on Tuesday as the retailer's shares sit just below their all-time high.The company said the additional shares...
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
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
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 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....
New York sues Citibank for alleged failure to reimburse fraud victims
A Citibank branch in the central business district of Singapore on Feb. 12, 2018.Ore Huiying | Bloomberg | Getty ImagesNew York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud.The suit...
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
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...
GM to release plug-in hybrid vehicles, backtracking on product plans
General Motors reveals the new 2016 Chevrolet Volt to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan.Getty ImagesDETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric...
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...
UPS announces 12,000 job cuts; reports drop in package volume
A United Parcel Service truck searches for a house driving along the coast of Cape Cod on July 24, 2023 in Orleans, Massachusetts. Robert Nickelsberg | Getty ImagesUPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both...
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,...
Retail return fraud is rising as consumers send back holiday purchases
As retailers tried to win shoppers and boost sales in recent years, they made their online return policies more lenient than ever.But those changes have come at a cost.As more consumers shop online and send back more of those orders, retailers have moved to crack down...
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...
Starbucks Oleato olive oil drinks launch across the U.S.
Starbucks is launching its beverages called Oleato in all U.S. stores.Courtesy: StarbucksStarbucks is launching its olive oil-infused drinks in all U.S. stores beginning Tuesday, the company said.The beverages, named Oleato, debuted in Italy in February 2023 after...
FanDuel-parent Flutter lists on the NYSE, challenging DraftKings
FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings.It's a secondary listing for the international sportsbook, which will retain its primary listing on the...
Big pharma Merck, Bristol Myers, J&J prepare to lose revenue
The New York Stock Exchange welcomes Johnson & Johnson (NYSE: JNJ) to the podium. NYSEBig pharmaceutical companies such as Bristol Myers Squibb, Merck and Johnson & Johnson face a looming threat that will put tens of billions of dollars in sales at risk...
Why kids streaming content is vital to subscriber growth
Tinky-Winky, Laa-Laa, Dipsy and Po pose for a photo as the Teletubbies celebrate their 25th anniversary with the Lighting of the Iconic Empire State Building on April 26, 2022 in New York City.John Lamparski | Getty Images Entertainment | Getty Images"Tinky Winky....
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...
Merck, J&J CEOs agree to testify in Senate hearing on drug prices
Sen. Bernie Sanders, I-Vt., holds his news conference with Sen. Ed Markey, D-Mass., in the Capitol on Thursday, January 25, 2024, on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices.Bill Clark | Cq-roll Call, Inc. | Getty ImagesThe...
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,...
JPMorgan Chase shuffles top leaders under Jamie Dimon
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 on Thursday said several executives considered...
Arkhouse Macy’s take-private financing is in place, Kahane says
Arkhouse has the financing in place to take Macy's private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer's cooperation on due diligence. "At this...
GM Cruise probe finds poor leadership at center of accident response
Chevrolet Cruise autonomous vehicles sit parked in a lot in San Francisco, June 8, 2023.Justin Sullivan | Getty Images News | Getty ImagesCulture issues, ineptitude and poor leadership at General Motors' Cruise autonomous vehicle unit were at the center of regulatory...
WWE boss Vince McMahon sued over alleged sexual assault, trafficking
TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne "The Rock" Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City.Michelle Farsi | UFC | Getty ImagesWWE boss Vince...
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...
Humana reports grim 2024 forecast due to soaring medical costs
Signage is displayed on a Humana Inc. office building in Louisville, Kentucky, U.S., on Sunday, Feb. 3, 2019. Humana is scheduled to release earnings figures on February 6. Photographer: Luke Sharrett/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty...
Home sales dampened by severe winter weather, Redfin says
A "For Sale" sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer:Bloomberg | Bloomberg | Getty...
Hamptons La Dune mansion once listed for $150 million sells at auction
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million.The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The...
GM, Honda begin U.S. fuel cell production toward replacing diesel
An employee assembles a fuel cell system in the module final assembly at Fuel Cell System Manufacturing LLC, GM and Honda's fuel cell joint venture in Brownstown, Michigan.Courtesy imageBROWNSTOWN, Mich. – General Motors and Honda Motor have begun commercial...
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...
Southwest Airlines takes Boeing Max 7 out of fleet plan for 2024
Southwest Airlines ranked as the second-best domestic airline, according to Bounce's 2023 Airline Index.Aaronp/bauer-griffin | Gc Images | Getty ImagesSouthwest Airlines has taken the Boeing 737 Max 7 out of its fleet plans as regulators haven't yet certified the...
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
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...
Boeing CEO meets with lawmakers as 737 Max 9 scrutiny builds
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 ImagesBoeing CEO Dave Calhoun met with...
FAA halts production expansion, OKs inspection instructions
Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024.Mathieu Lewis-rolland | Getty ImagesThe Federal Aviation Administration on Wednesday halted Boeing's planned expansion of its 737 Max aircraft...
David Ellison’s Skydance Media explores buying Paramount Global
Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019. Mike Blake | ReutersDavid Ellison's Skydance Media and its financial backers are exploring a...
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...
Jon Stewart returns to ‘The Daily Show’ — but only on Mondays
The Late Show with Stephen Colbert and guest Jon Stewart during Monday's June 17, 2019 showCBS Photo Archive | CBS | Getty ImagesJon Stewart is returning to "The Daily Show" — but only on Mondays.The comedian helmed the Comedy Central talk show between 1999 and 2015,...
Tyson Foods drops CVS, picks Rightway pharmacy benefit manager
Tyson Foods Inc., sign at Tyson headquarters in Springdale, Ark.April L. Brown | APTyson Foods will become one of the first Fortune 100 companies to stop using the nation's traditional large pharmacy benefits managers, as it looks to cut spending on high-cost drugs....
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
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...
FAA chief vows ‘boots on ground’ to get quality control
Michael Whitaker, nominee to be the next administrator of the Federal Aviation Administration (FAA), testifies during a Senate Committee on Commerce, Science, and Transportation hearing on Capitol Hill October 4, 2023 in Washington, DC. The FAA has been without a...
Netflix is preparing investors and users for more price hikes in 2024
The Netflix logo displayed on a phone screen and its website on a laptop screen are seen in this photo taken in Krakow, Poland, June 8, 2023.Jakub Porzycki | Nurphoto | Getty ImagesGet ready to pay more money for Netflix.You had to read down to page six of Netflix's...
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
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...
‘Barbie’, ‘Oppenheimer’ biggest best picture box office
Movie posters for "Barbie" and "Oppenheimer" are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, in 2023.Hannah Beier | The Washington Post | Getty Images"Barbenheimer" strikes again.It's no surprise that Warner Bros.' "Barbie" and...
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...
Procter & Gamble SK-II beauty sales hurt by Japan wastewater release
Large advertisement of Japanese luxury skin care products brand, SK-II, in Causeway Bay, Hong Kong.Miguel Candela | Lightrocket | Getty ImagesProcter & Gamble on Tuesday said sales of its high-end SK-II skincare brand fell 34% in the Greater China region during...
Airline stocks rise as United kicks off busy earnings week
Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty ImagesUnited Airlines shares rose about 4% Tuesday after the company reported higher-than-expected earnings and...
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
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 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
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
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
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
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
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...
Gilead stock falls after disappointing lung cancer study results
Sopa Images | Lightrocket | Getty ImagesShares of Gilead fell more than 10% on Monday after a key drug from the company did not significantly extend the lives of patients with a certain lung cancer in a late-stage trial.The results are a blow to Gilead, which is...
Spirit Airlines stock rebounds after appeal of JetBlue merger block
Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesSpirit Airlines shares jumped about 10% Monday after the budget carrier and...
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
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...
Why United Airlines invested $1 billion in Denver Airport
Last year was Denver International Airport's busiest on record.While airline stocks have yet to fully recover to pre-pandemic levels, passengers have returned in droves — and millions of them are flying through the Colorado hub."We will end 2023 much higher than our...
December home sales slump to close out worst year since 1995
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty ImagesSales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis,...
Alec Baldwin charged again in 2021 ‘Rust’ movie set shooting
An image of cinematographer Halyna Hutchins, who died after being shot by Alec Baldwin on the set of his movie "Rust," is displayed at a vigil in her honor in Albuquerque, New Mexico, on Oct. 23, 2021.Kevin Mohatt | ReutersA New Mexico grand jury on Friday indicted...
JetBlue, Spirit appeal judge ruling that blocks their proposed merger
Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Nov. 1, 2023.Eva Marie Uzcategui | Bloomberg | Getty ImagesJetBlue Airways and Spirit Airlines on Friday said they are appealing a federal judge's ruling...
American Express CEO says spending is strong, delinquencies are down from 2019
Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022.Stephanie Keith | Bloomberg | Getty ImagesAmerican Express CEO Stephen Squeri on Friday said the...
JetBlue to cut some routes after judge bars Spirit purchase
The JetBlue drop-off area at New York's LaGuardia Airport on Oct. 31, 2023.Leslie Josephs/CNBCJetBlue Airways told staff this week that it will cut some routes and service as it struggles to return to profitability and grapples with the fallout of its blocked plan to...
Stellantis CEO says automaker won’t sell EVs at a loss
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersStellantis won't sell electrified vehicles such as hybrids and all-electric models at a loss like...
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...
Insurance costs hit corporate earnings at Travelers and J.B. Hunt
A stealth inflationary cost is biting into corporate profits. While some companies are now seeing lower input and freight costs, one expense is not falling: insurance.In its earnings report Friday morning, Dow component Travelers said insurance premiums that it...
JetBlue-Spirit ruling doesn’t spell doom for Alaska-Hawaiian merger
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesPresident Joe Biden's Justice Department has...
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...
Japan JAXA SLIM lunar lander successfully touches down on moon
An artist's rendition of the SLIM lunar lander on the moon's surface.Japan Aerospace Exploration AgencyJapan staked a claim as a national space power on Friday, as its SLIM spacecraft landed on the moon.The country's SLIM lander launched in September and touched down...
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
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...
Ford cuts F-150 Lightning EV production, adds to Bronco, Ranger plant
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 is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its...
Spirit Airlines raises fourth-quarter forecast, stock jumps
Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images)Joe Cavaretta | South Florida Sun-sentinel | Getty ImagesSpirit Airlines on Friday raised its...
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 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
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
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 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...
NBA postpones game again following assistant coach’s death
Assistant coach Dejan Milojevic and Kevon Looney #5 of the Golden State Warriors talk before the game against the Los Angeles Lakers during the Western Conference Semi Finals during the 2023 NBA Playoffs on May 6, 2023 at Crypto.Com Arena in Los Angeles,...
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...
Morgan Stanley CEO Ted Pick focused on hitting financial targets
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley's new CEO Ted Pick on Thursday expressed confidence that his bank will hit...
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
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...
Spirit could slash fares, restructure after failed JetBlue takeover
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022.Joe Cavaretta | Sun Sentinel | Getty ImagesSpirit Airlines is on shaky footing after JetBlue Airways' proposed $3.8 billion...
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...
Spirit Airlines shares sink after judge blocks JetBlue merger
JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022.Joe Raedle | Getty Images News | Getty ImagesShares of Spirit Airlines fell about 23% Wednesday, its second...
January homebuilder sentiment improves, following mortgage rate drop
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois.Scott Olson | Getty ImagesHomebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still...
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...
Classic car auction site Bring a Trailer sales hit record $1.4 billion
1967 Porsche 910Source: Bringatrailer.comBring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids.Bring a Trailer's sales increased about 2% last year to over $1.4 billion from $1.35...
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...
Pentagon awards satellite contracts to L3Harris, Lockheed, Sierra Space
Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities.Lockheed MartinThe Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites...
JetBlue-Spirit merger block in win for Biden’s Justice Department
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.Leslie Josephs | CNBCA federal judge blocked JetBlue Airways' purchase of budget rival Spirit Airlines after the Justice Department sued to stop the merger, alleging it would drive...
Flight disruptions linger amid winter storms, Max 9 grounding
Over 320 flights have been canceled because of a winter storm that brought snow and freezing temperatures to Denver International Airport in Denver, Colorado on January 15, 2024. RJ Sangosti | Denver Post | Getty ImagesAirlines canceled more than 1,800 U.S. flights...
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...
‘Mean Girls’ opening weekend box office hits $28 million
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of "Mean Girls."ParamountYou go, Glen Coco.Paramount's "Mean Girls," a musical film adaptation of the Broadway show and beloved 2004 film of the same name, opened to an estimated...
Burger King owner Restaurant Brands buys Carrols, largest U.S. franchisee
Burger King fast food restaurant with menu and customers.Jeff Greenberg | Universal Images Group | Getty ImagesRestaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about $1 billion in cash.Restaurant...
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,...
For 10-year GM CEO Mary Barra, 2024 is about change and crisis
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — Monday marks 10 years of Mary Barra's tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy.Over the past decade,...
Alaska, Japan airline incidents highlight importance of safety demonstrations
A display showing the 'fasten your seatbelt' sign and the 'no smoking' sign illuminated on board an aircraft.Jeff Overs | BBC News & Current Affairs | Getty ImagesYou trudge down the aisle to your seat. You double- and triple-check that you've arrived at the right...
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
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...
Flights canceled, delayed as weather, Max 9 grounding disrupt travel
An Embraer E175LR passengers aircraft of American Eagles airlines (C) taxxing before take-off to Pittsburg is seen at La Guardia Airport on January 9, 2024.Charly Triballeau | Afp | Getty ImagesAirlines canceled about 2,000 U.S. flights Friday as they grapple with...
Airline stocks tumble after Delta trims profit forecast
A Delta Airlines Boeing 737-700 is seen lining up before departure at Princess Juliana International Airport in St. Maarten.Fabrizio Gandolfo | Lightrocket | Getty ImagesDelta Air Lines shares slipped about 7% Friday after the company trimmed its 2024 earnings...
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 cutting 10% of workforce in CEO Fraser’s overhaul
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC.Alex Wong | Getty ImagesCitigroup said it was cutting 10% of its workforce...
FAA to audit Boeing production line after 737 Max 9 accident
The Federal Aviation Administration on Friday said it will audit Boeing's production line, a week after a door plug blew off an Alaska Airlines 737 Max 9.The agency said it is considering using "an independent third party" to oversee Boeing inspections and quality of...
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 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 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
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
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...
CVS to close ‘select’ pharmacies in Target stores in the coming months
CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February and finish by the end of April, the...
New York and California make retail theft top 2024 priority
The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft.The plans include new legislation designed to increase the penalties for...
Wolverine World Wide sells Sperry to Authentic Brands Group
Sperry Top-Sider Bill fish Tan and Beige.Mayra Beltran | Houston Chronicle | Getty ImagesWolverine World Wide has sold Sperry to brand management firm Authentic Brands Group and Canadian retailer the Aldo Group, the company announced Thursday.The deal will generate...
SpaceX, T-Mobile send first texts via Starlink satellites
SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event in Boca Chica Beach, Texas, on Aug. 25, 2022.Michael Gonzalez | Getty ImagesSpaceX successfully sent text messages via Starlink satellites using T-Mobile's...
Citigroup at risk of quarterly loss after disclosing charges
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank's...
Global shipping rates set to surge as carriers avoid Red Sea
The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products.Vessels aren't able to...
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 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
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
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
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...
Boeing CEO admits 737 Max 9 ‘mistake’ after midair panel blowout
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 APBoeing CEO Dave...
Honda teases new EVs with Space-Hub, Saloon concept cars
Honda Saloon concept electric vehicleCourtesy HondaHonda Motor revealed two concept cars Tuesday at the CES tech conference as a preview for a new lineup of electrified vehicles that will begin arriving in North America in 2026.The concept models are called the...
Honda teases new EVs with Space-Hud, Saloon concept cars
Honda Saloon concept electric vehicleCourtesy HondaHonda Motor revealed two concept cars Tuesday at the CES tech conference as a preview for a new lineup of electrified vehicles that will begin arriving in North America in 2026.The concept models are called the...
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
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
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...
Astrobotic’s Peregrine moon mission for NASA falls short
Astrobotic's Peregrine lunar lander is seen during preparations for launch near NASA's Kennedy Space Center in Florida.United Launch AlliancePittsburgh-based Astrobotic's inaugural lunar mission suffered a malfunction shortly after launch, and the company is calling...
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 |...
JetBlue CEO Robin Hayes to step down, COO Joanna Geraghty to take over
Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline's inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021.Chris J. Ratcliffe | Bloomberg | Getty ImagesJetBlue CEO Robin Hayes will step...
Shein’s revenue is ‘a lot more’ than $30 billion annually: exec
Shoppers walks past advertisements on the opening day of fast-fashion e-commerce giant Shein, which hosted a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario on Oct. 19, 2023.Allen J. Schaben | Los Angeles Times | Getty ImagesORLANDO,...
United, Alaska Air find loose hardware on Boeing 737 Max 9s
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport in California on March 13, 2019.Justin Sullivan | Getty ImagesUnited Airlines said Monday that it has found loose bolts on door plugs of several Boeing 737 Max 9 planes during...
Moderna Covid vaccine sales plunge in 2023, but meet company forecast
Nikos Pekiaridis | Lightrocket | Getty ImagesModerna on Monday said its Covid vaccine sales plunged by about two-thirds in 2023 to $6.7 billion, as fewer people rolled up their sleeves for an updated version of the jab.The revenue from the shots met Moderna's forecast...
Mortgage rate decline pulls buyers back into the housing market
A sharp drop in mortgage interest rates in December may have kickstarted this year's spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more.Optimism about mortgage rates...
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
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...
Boeing issues 737 Max 9 inspection instructions after Alaska incident
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7,...
ULA Vulcan rocket launches as the newest challenger to SpaceX
The brand new rocket, United Launch Alliance's (ULA) Vulcan Centaur, lifts off from Space Launch Complex 41d at Cape Canaveral Space Force Station in Cape Canaveral, Florida, on January 8, 2024, for its maiden voyage, carrying Astrobotic's Peregrine Lunar...
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...
J&J to acquire Ambrx Biopharma, a cancer drug developer, for $2B
An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019.Mark Ralston | AFP | Getty ImagesJohnson & Johnson on Monday said it will pay $2 billion in cash to acquire Ambrx Biopharma, a drugmaker specializing in one...
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...
Alaska Airlines grounds Boeing 737 Max 9 fleet after section blows out midair
An Alaska Airlines plane takes off from Los Angeles International Airport (LAX) on December 4, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty ImagesAlaska Airlines will temporarily ground its fleet of 65 Boeing 737 Max 9 planes after a section...
FAA grounds more than 170 Boeing 737 Max 9s after section of Alaska Airlines plane blows out
Passenger oxygen masks hang from the roof next to a missing window and a portion of a side wall of an Alaska Airlines Flight 1282, which had been bound for Ontario, California and suffered depressurization soon after departing, in Portland, Oregon, U.S., on Jan. 5,...
Boeing 737 Max failure on Alaska Air flight invites renewed scrutiny
Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, Feb. 13, 2017.Jason Redmond | ReutersBoeing's plan to get back on solid footing after a series of quality flaws in its best-selling jet suffered a near-disaster...
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
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...
Pat McAfee attacks ESPN executive amid Rodgers, Kimmel fight
PHOENIX, ARIZONA - FEBRUARY 09: Former NFL player and host Pat McAfee speaks on radio row ahead of Super Bowl LVII at the Phoenix Convention Center on February 9, 2023 in Phoenix, Arizona.Mike Lawrie | Getty ImagesESPN's Pat McAfee problem is getting more...
Eli Lilly weight loss drug site may not upend industry
Sopa Images | Lightrocket | Getty ImagesEli Lilly is shaking up the pharmaceutical industry with a new website offering telehealth prescriptions and direct home delivery of certain drugs, including its red-hot weight loss treatment Zepbound, to expand patient...
Radio shows surprising resilience in changing media world
Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014.Robert Alexander | Archive Photos | Getty ImagesIt's a familiar refrain: "Legacy media is dead" — unless you're talking about radio.Despite...
Florida wins first FDA approval to import drugs from Canada
Pharmacist Thomas Jensen, looks over a prescription drug at the Rock Canyon pharmacy in Provo, Utah, May 9, 2019.George Frey | ReutersThe Food and Drug Administration on Friday approved Florida's plan to import cheaper prescription drugs from Canada, a...
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...
NCAA and ESPN ink 8-year, $920 million media rights deal
An ESPN game day logo is displayed at the Capital One Orange Bowl game between the Georgia Bulldogs and the Florida State Seminoles on Saturday, December 30, 2023 at Hard Rock Stadium, Miami Gardens, Fla.Peter Joneleit | Icon Sportswire | Getty ImagesThe NCAA and ESPN...
Online holiday spending rises to new record, Adobe Analytics says
A UPS worker sorts packages in New York on Dec. 18, 2017.Adam Jeffery | CNBCOnline spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their...
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...
Eli Lilly launches website to help patients get weight loss drugs
Drugmaker Eli Lilly announced on Thursday a new website that will allow patients to get a weight loss drug prescription through a telehealth provider — a move, the company says, that will improve access to the extremely popular and effective drugs, including...
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
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
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
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
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...
Maersk Red Sea pause shows Operation Prosperity Guardian limits
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images)Anadolu | Getty ImagesThe threat to global trade in the Red Sea remains high, even with efforts...
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...
Moderna stock jumps after Oppenheimer upgrade on pipeline potential
Artur Widak | Nurphoto | Getty ImagesShares of Moderna jumped more than 15% on Tuesday after Oppenheimer upgraded the stock to "outperform," saying the Covid vaccine maker could market five products by 2026.The upgrade follows a dismal 2023 for Moderna, whose only...
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...
PGA Tour, LIV Golf working to extend merger deadline into 2024
A PGA TOUR logo is seen after play was suspended due to severe storms during the third round of THE PLAYERS Championship held at THE PLAYERS Stadium course at TPC Sawgrass on May 14, 2011 in Ponte Vedra Beach, Florida.Streeter Lecka | Getty ImagesPGA Tour and LIV Golf...
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...
Disney’s Star Wars is 2023’s top film franchise without a new movie
American actors Mark Hamill, Carrie Fisher and Harrison Ford on the set of "Star Wars: A New Hope," written, directed and produced by Georges Lucas.Sunset Boulevard | Corbis Historical | Getty ImagesThe Force remains strong with the Star Wars franchise.Despite not...
Companies losing pricing power after years of unbridled spending
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021.Nina Westervelt | Bloomberg | Getty ImagesAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are...
Cheddar News sold by Altice USA to media company Archetype
In this photo illustration, Cheddar News logo is seen on a smartphone and on a pc screen.Sopa Images | Lightrocket | Getty ImagesCheddar News-owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is...
Boeing urges inspections of 737 Max planes for ‘possible loose bolt’
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022.Peter Cziborra | ReutersBoeing is urging airlines to inspect 737 Max planes to look for a "possible loose bolt" in the rudder control system, the...
November pending home sales unchanged, despite lower mortgage rates
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors.The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed...
Medicare drug price negotiations what’s ahead in 2024
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC.Anna Moneymaker | Getty ImagesU.S. patients and drugmakers will get a first glimpse of how much...
Barbie, Oppenheimer, Taylor Swift: 2023’s most important films
Movie posters for "Barbie" and "Oppenheimer" are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, 2023.Hannah Beier | The Washington Post | Getty ImagesCall 2023 an explosive comeback at the box office.There were blonde bombshells, in...
‘The Color Purple’ scores second-best Christmas debut box office ever
Taraji P. Henson stars in Warner Bros. "The Color Purple."Warner Bros. DiscoveryIt was a very Merry Christmas for Warner Bros. Discovery.With $18.15 million in box office receipts, the studio's newest film "The Color Purple" had the highest Christmas Day opening since...
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...
‘Aquaman and the Lost Kingdom’ domestic box office opening
Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.' "Aquaman and the Lost Kingdom."Warner Bros. Discovery"Aquaman and the Lost Kingdom" dog-paddled to a $28.1 million domestic opening, the fourth-lowest in the history of the DC Extended Universe.The film...
2024 is shaping up to be the year of the streaming bundle
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 ImagesThis year proved to be yet another tough one for pay TV, as more people cut the cable cord.But it...
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
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
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
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
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...
Boeing hands over first 787 Dreamliner to China since 2019
The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington.Robert Sorbo | ReutersBoeing on Thursday handed over a 787 Dreamliner directly to a Chinese airline for the first time since November 2019, a milestone that could open up the...
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 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...
Guilty plea in $100 million New Jersey deli stock fraud case
Your Hometown Deli in Paulsboro, N.J.Google EarthA North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one,...
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...
Santa gets a behind-the-scenes boost from AI this holiday season
Manonallard | E+ | Getty ImagesFor many Americans, it's the first holiday season when most of the family may know the term "artificial intelligence" if it comes up during Christmas dinner.Just don't expect AI to do the heavy lifting for Santa quite yet.The rise of...
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
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...
Warner Bros., Paramount merger talks may draw out NBCUniversal
Let's say you have a crush on two people and you find out one of them may like you back. Do you just start dating that person, or do you find out what the other person thinks, too?That's where Warner Bros. Discovery finds itself today. The company has held preliminary...
Shein grilled on China relationship, data privacy ahead of IPO
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023.Scott Olson | Getty ImagesThe chair of a powerful House committee is drilling down on Shein's data privacy practices and its relationship with the Chinese Communist Party as the...
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...
Over a half-billion dollars in rail freight stuck at Texas border
NBC NEWS -- Pictured: Border Patrol Agents arrest 8 suspected illegals in Maverick County, near Eagle Pass, TX, as they try to ride a freight train into the United States from Mexico on February 27, 2007 -- Photo by: Al Henkel/NBC NewsWireNbc Newswire | Nbcuniversal |...
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
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
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
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
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...
GM has cut its Buick dealership network in half through buyouts
DETROIT – General Motors has cut the size of its Buick dealership network roughly in half in the U.S. through an ongoing voluntary buyout program, an executive told CNBC.The 1,000-store reduction aims to increase the amount of sales per location, or throughput, and...
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
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
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
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
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...
How Houthi attacks in Red Sea threaten global supply chain
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019.Khaled Desouki | AFP | Getty ImagesAttacks by Iran-backed Houthi militants on ships in the Red Sea have...
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
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 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,...
Southwest fined $140 million for last year’s holiday meltdown
The U.S. Department of Transportation on Monday said it fined Southwest Airlines $140 million for violating consumer protection laws during last year's holiday meltdown that stranded millions of customers following severe winter weather.The DOT said the fine is 30...
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
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...
Shipping giants Hapag-Lloyd and Maersk pause Red Sea travel
The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership "Berlin Express" at Burchardkai in the Port of Hamburg.Marcus Brandt | Picture Alliance | Getty ImagesTwo shipping giants, Hapag-Lloyd and Maersk, are pausing their travel...
Citigroup employees told they can work remotely until new year
Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty ImagesCitigroup told most of its employees that they can work remotely the final two weeks...
Cruise autonomous vehicle venture in danger of becoming latest GM flop
DETROIT — General Motors' plans to diversify its business through trendy industries such as ridesharing and other "mobility" ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016.Cruise, its majority-owned...
Pro pickleball players form collective amid pay cuts, merger
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of professional pickleball players have formed a collective to voice their concerns about recent pay cuts and the future of the sport.In a...
Delta beefs up Austin flights in battle for fast-growing airport
Angel Di Bilio | iStock Editorial | Getty ImagesDelta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country's fastest-growing airports.The carrier plans to add 11 nonstop flights from...
GM to lay off 1,300 Michigan workers as vehicles end production
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT — General Motors plans to lay off about 1,300 workers in...
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...
Timothée Chalamet’s ‘Wonka’ could open with $35 million
Timothee Chalamet stars as a young Willy Wonka in Warner Bros.' "Wonka."Warner Bros. DiscoveryA younger, sweeter Willy Wonka enters theaters this weekend. Oh, and he does a lot more singing.Expectations are high that "Wonka" will deliver families to theaters, as the...
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...
Trian nominates Peltz and former Disney exec to media giant’s board
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesTrian Fund Management on Thursday...
Cadillac reveals three-row Vistiq to round out electric SUV lineup
2026 Cadillac Vistiq EVCadillacDETROIT – Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq, a replacement for its current gas-powered XT6.The General Motors luxury brand on Thursday released images of the...
Amazon to connect Kuiper internet satellites with laser links
A visualization of laser links connecting Kuiper satellites in orbit around the Earth.AmazonAmazon will include a key speed-boosting technology in its coming Project Kuiper internet satellites, the company announced Thursday.Amazon says it tested the laser link tech...
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...
Moderna, Merck cancer vaccine reduces risk of skin cancer return
An exterior view of Moderna's clinical manufacturing facility. David L. Ryan | Boston Globe | Getty ImagesModerna and Merck's experimental cancer vaccine, when used in combination with Merck's blockbuster therapy Keytruda, reduced the risk of death or relapse in...
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...
Vertex non-opioid painkiller posts positive mid-stage trial results
A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston, Massachusetts, U.S., October 23, 2019. Brian Snyder | ReutersShares of Vertex jumped Wednesday after the company's painkiller, which is being tested as an alternative to opioids,...
SpaceX value climbs to $180 billion, higher than Boeing, Verizon
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023. Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX...
Etsy laying off 11% of staff, citing competitive environment
The Etsy website displayed on a laptop.Gabby Jones | Bloomberg | Getty ImagesEtsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline costs against a "very challenging" macro...
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,...
Washington Capitals, Wizards to move to Virginia in 2028
A general view of the Washington Wizards logo on a court mop before the game between the Washington Wizards and the Chicago Bulls at Capital One Arena on October 21, 2022 in Washington, DC.Scott Taetsch | Getty ImagesThe NHL's Washington Capitals and NBA's Washington...
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
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...
Netflix releases viewing stats for nearly all titles for first time
Rege-Jean Page and Phoebe Dynevor star in Netflix's "Bridgerton."NetflixCreators rejoice: Netflix is finally revealing viewership statistics about nearly all of its shows and movies.Netflix released its first "What We Watched" report Tuesday, which ranks almost all of...
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,...
Hasbro lays off 1,100 workers amid weak holiday toy sales
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC.Hasbro had about 6,300 employees as of earlier this year, according to a company fact...
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...
UAW files unfair labor practice charges against Hyundai, Honda, VW
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.ScreenshotDETROIT – The United Auto Workers has filed unfair labor practice charges with the National Labor Relations...
Patients on Eli Lilly drug regain weight after stopping it
Eli Lilly's drug tirzepatide was approved for weight loss by the FDA.Courtesy of Eli LillyPatients who took Eli Lilly's weight loss drug Zepbound regained around half the weight they shed after stopping the newly approved treatment for a year, according to data...
Altice USA in talks to sell Cheddar News to private equity firm
Igor Golovniov | Lightrocket | Getty ImagesAltice USA is in talks to sell the financial news streaming service Cheddar News to L.A.-based private equity firm Regent LP, according to people familiar with the matter.No deal is assured and discussions around structure...
Cigna shares jump on abandoned Humana buyout, buyback plans
Sopa Images | Lightrocket | Getty ImagesShares of Cigna jumped Monday following reports that the health-care giant has scrapped its plans to buy rival Humana due to disagreements on price, putting an early end to what would have been one of the largest deals of the...
Wells Fargo mortgage lenders probed over racial discrimination
People pass by a Wells Fargo bank on May 17, 2023 in New York City.Spencer Platt | Getty ImagesWells Fargo was snared in an industrywide probe into mortgage bankers' use of loan discounts last year, CNBC has learned.The discounts, known as pricing exceptions, are used...
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...
Fenway moves forward in final talks to invest in PGA Tour’s Saudi deal
Tiger Woods wipes his driver grip on the 18th tee box during the first round of the PGA TOUR Champions PNC Championship at The Ritz-Carlton Golf Club on December 17, 2022 in Orlando, Florida.Ben Jared | PGA Tour | Getty ImagesA coalition of U.S. sports investors led...
Macy’s receives $5.8 billion buyout offer, sources say
People wait in line outside Macy's before opening on "Black Friday" in New York City on November 24, 2023. The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer...
McDonald’s investor day highlights and top risks in 2024
The Ronald McDonald balloon floats down Central Park West during the Macy's Thanksgiving Day Parade on November 23, 2023, in New York City.Gary Hershorn | Corbis News | Getty ImagesMcDonald's executives painted a rosy portrait of the fast-food giant's strength and...
Automakers turn to hybrids in the middle of the EV transition
2023 Prius Prime on display, April 6, 2023.Scott Mlyn | CNBCDETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle.More and more companies are reconsidering the viability of...
Starbucks tells union it wants to resume contract talks in January
Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle on November 16, 2023 in Washington, DC. Kevin Dietsch | Getty ImagesStarbucks said it wants to resume contract talks with the union representing its baristas,...
Paramount PARA shares jump after reports of takeover interest
Paramount logo is seen on the building in Los Angeles, United States on November 13, 2023.Nurphoto| Getty ImagesParamount Global shares surged Friday following reports from Deadline and Puck News that Skydance and Redbird Capital were exploring potentially taking over...
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...
Dollar General tries to drive a turnaround after safety violations
Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders.On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter's plans to try to turn around both the...
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...
Ferrari's $400,000 Purosangue is a dream to drive. Just don't call it an SUV
The Purosangue, its name meaning "pure blood" or "thoroughbred" in Italian, comes with a 7.5 liter, V-12 engine.
National Retail Federation walks back key organized retail crime claim
Visitors enter the venue at The NRF 2020 Vision: Retail's Big Show, held in New York, the United States, Jan. 12, 2020.Wang Ying | Xinhua News Agency | Getty ImagesThe leading retail lobbying group has walked back a key claim about shrink, or inventory losses from...
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...
Biden administration asserts power to seize drug patents
President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022.Kevin Lamarque | ReutersThe Biden administration on...
PGA Tour star Jon Rahm gearing up to join Saudi-backed LIV
Jon Rahm of Spain celebrates making a putt for birdie on the 18th green during the final round of the 2021 U.S. Open at Torrey Pines Golf Course (South Course) on June 20, 2021 in San Diego, California.Sean M. Haffey | Getty Images Sport | Getty ImagesGolf superstar...
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...
Wonka, Color Purple, Aquaman box office crucial for Hollywood
Timothee Chalamet stars as a young Willy Wonka in Warner Bros.' "Wonka."Warner Bros. DiscoveryLOS ANGELES — There are just a few weeks left at the 2023 box office, and they'll be dominated by movies from Warner Bros.The studio is capping off the year with three big...
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...
McDonald’s to open first CosMc’s spinoff restaurant this week
McDonald's CosMc's Restaurant.Courtesy: McDonald'sMcDonald's will open the first location of its new spinoff brand CosMc's this week in Bolingbrook, Illinois.The fast-food giant plans to open 10 CosMc's locations, including nine restaurants in Texas, by the end of...
Wall Street CEOs say Basel 3 endgame rules will hurt Americans
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC....
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 |...
Disney+ adding Hulu integration as streaming bundles accelerate
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 is beginning to roll out a Hulu integration on its Disney+ streaming platform in a bid to bundle subscribers. The...
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...
Taylor Swift, Lionel Messi, women’s sports boost StubHub ticket sales
Addison O'Grady #44 of the Iowa Hawkeyes rebounds against LaDazhia Williams #0 of the LSU Lady Tigers during the 2023 NCAA Women's Basketball Tournament National Championship at American Airlines Center on April 2, 2023 in Dallas, Texas.C. Morgan Engel | Ncaa Photos |...
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
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...
Charter shares plunge after CFO says company may lose broadband subs
Sopa Images | Lightrocket | Getty ImagesCharter shares plunged more than 8% on Tuesday after its CFO Jessica Fischer said the company could lose broadband subscribers in the fourth quarter.Charter competitor Comcast's stock also slipped more than 3% in midday...
Eli Lilly weight loss drug Zepbound available at U.S. pharmacies
The FDA approves Eli Lilly's Zepbound, a weight loss drug similar to Ozempic and Wegovy.Courtesy: Eli LillyEli Lilly on Tuesday said its recently approved weight loss treatment Zepbound is now available at pharmacies across the U.S., serving as an alternative to rival...
SpaceX plans NASA refueling demonstration for next Starship launch
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 15, 2023. Joe Skipper | ReutersSpaceX could attempt a...
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...
Stellantis revives small EV for U.S., starting at $34,095
DETROIT – Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release EVs domestically to meet tightening fuel economy regulations.The small city car is expected to first go on sale as a special-edition "(500e)RED"...
Activist investor urges Disney to add Nelson Peltz to board
Disney World's Magic Kingdom in Orlando, Florida.Joe Raedle | Getty Images News | Getty ImagesActivist investor Ancora on Tuesday urged Disney to put Nelson Peltz on its board, days after Peltz and his firm, Trian, launched a proxy fight with the entertainment...
Wells Fargo CEO warns of severance costs as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. Patrick T. Fallon | Afp | Getty...
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
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...
Alaska-Hawaiian airline merger faces Justice Department scrutiny
An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022.Joshua Roberts | ReutersAlaska Air Group's executives spent months working on its plan to buy rival Hawaiian Airlines. The...
Free ChatGPT may incorrectly answer drug questions, study says
Harun Ozalp | Anadolu | Getty ImagesThe free version of ChatGPT may provide inaccurate or incomplete responses — or no answer at all — to questions related to medications, which could potentially endanger patients who use OpenAI's viral chatbot, a new study released...
Alaska Airlines to acquire Hawaiian Airlines in $1.9 billion deal
Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years.Alaska would pay $18 a share for Hawaiian and would take on $900 million of...
What strong Black Friday retail sales mean for holiday spending
Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan. Emily Elconin | Getty ImagesRetailers are cheering after shoppers spent big on gifts and decor in the days after they gobbled up turkey and stuffing.But the strong showing does not...
Pfizer weight loss pill joins list of obesity drug flops
Sopa Images | Lightrocket | Getty ImagesPfizer's twice-daily version of its experimental weight loss pill has now joined a long list of other scrapped drugs that aimed to treat obesity but came with unintended consequences. The drugmaker on Friday said it will stop...
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...
Amazon buys SpaceX rocket launches for Kuiper satellite internet project
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California.SpaceXAmazon bought three rocket launches from SpaceX for its Project Kuiper internet satellites, the tech giant announced on Friday.The move is a surprise...
Apple, Paramount streaming bundle report boosts media stocks
Jakub Porzycki | Nurphoto | Getty ImagesMedia stocks jumped on Friday following a Wall Street Journal report that Apple and Paramount Global are in early-stage talks to offer a bundle of the two company's streaming platforms. The companies have talked about bundling...
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...
Pfizer to discontinue twice-daily version of weight loss pill
CFOTO | Future Publishing | Getty ImagesPfizer on Friday said it would stop developing the twice-daily version of its experimental weight loss pill after obese patients taking the drug lost weight but had trouble tolerating the drug in a mid-stage clinical study. The...
Inside Tennessee’s most expensive home, near Nashville
This story is part of CNBC's new quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees.Twin Rivers Farm could break records as Tennessee's...
Sound of Freedom producer Angel Studios releases The Shift
Neal McDonough stars as a mysterious man known as "the benefactor" in Angel Studio's "The Shift."Angel Studios"Sound of Freedom" broke the Hollywood mold this summer. Now, the studio behind the surprising smash is looking to follow-up that success with a science...
Retailers, Covid-era nostalgia revive the vinyl records industry
A stack of freshly pressed gold vinyl records at United Record Pressing.CNBCThis story is part of CNBC's new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted...
Novo Nordisk sues pharmacies over impure Wegovy, Ozempic dupes
A 0.25 mg injection pen of Novo Nordisk's weight loss drug Wegovy is shown in this photo in Oslo, Norway, on Aug. 31, 2023.Victoria Klesty | ReutersNovo Nordisk on Thursday said it sued two compounding pharmacies in Florida for allegedly selling impure and...
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
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 |...
More than 500 companies had perfect scores on top LGBTQ+ index
Attendees hold large Pride flag at the 2023 LA Pride Parade on June 11, 2023 in Hollywood, California. (Photo by Rodin Eckenroth/Getty Images)Rodin Eckenroth | Getty ImagesIn a year stained by boycotts, protests and heightened consumer choice, hundreds of companies...
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...
Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021.Dado Ruvic | ReutersBiotech stocks rose Thursday as AbbVie announced plans to buy cancer drug developer ImmunoGen for $10.1 billion. Shares of ImmunoGen jumped more than...
Disney CEO Bob Iger says movies have been too focused on messaging
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 ImagesDisney Chief Executive Officer Bob Iger said Wednesday he...
Nashville real estate boom sends prices up, builders scrambling
Detached houses on a large housing development on the western side of Nashville, Tennessee.Georgeclerk | Istock | Getty ImagesNashville natives say they barely recognize the city's skyline anymore, and they probably won't anytime soon, as cranes still litter the...
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.
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
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...
Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion
NEW YORK – Ford Motor on Thursday reinstated 2023 guidance after pulling its forecast last month due to the impacts of labor strikes and negotiations with the United Auto Workers union.The guidance calls for $10 billion to $10.5 billion in adjusted earnings before...
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
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
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
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...
PGA Tour commissioner talking to several possible investors
PGA Tour Commissioner Jay Monahan speaks during a press conference prior to the TOUR Championship at East Lake Golf Club on August 24, 2022 in Atlanta, Georgia.Cliff Hawkins | Getty ImagesPGA Tour Commissioner Jay Monahan said Wednesday that the organization is...
UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesThe United Auto Workers union is...
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...
Major League Pickleball asks players to take 40% pay cut
Thomas Wilson of the LA Mad Drops hits a volley shot during the MLP Mesa Premier League Championships at Legacy Sports USA on January 29, 2023 in Mesa, Arizona.Bruce Yeung | Getty ImagesPickleball's rapid growth may be coming back down to reality.Major League...
Luxury hotels move into Nashville as demand for rooms surges
Nashville is seeing an unprecedented surge in luxury hotels, with renowned brands such as the Four Seasons Hotel, the W Hotel and the Grand Hyatt opening their doors in Music City.More than 90 new hotels have been constructed in Nashville since 2013, contributing more...
Cigna shares slide after report it could merge with Humana
The Cigna Group headquarters in Bloomfield, Connecticut, US, on Friday, Oct. 27, 2023. BlooJoe Buglewicz | Bloomberg | Getty ImagesShares of Cigna slid on Wednesday after a report that the company is in talks with Humana about a merger between the two health care...
Jamie Dimon says JPMorgan Chase would exit China if ordered to
Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if...
GM labor deals with UAW, Unifor to increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesGeneral Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its...
Mark Cuban selling Dallas Mavericks majority stake to Adelson
Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family, a source familiar with the deal told CNBC.Cuban still owns a stake in the team and will run basketball operations.Adelson is selling $2 billion worth...
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...
GM initiates buyback, increases dividend and reinstates 2023 guidance
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesGeneral Motors is seeking to regain Wall Street's confidence leading...
Family offices move money out of stocks and into private markets
Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey.A survey of North American family offices conducted by Campden Wealth and RBC found that family offices had...
Disney CEO Bob Iger says he wants to build again during town hall
Bob Iger, Disney, at Apple programSource: AppleDisney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he is looking forward to "building again" after spending 2023 mending parts of the business that "needed attention.""I feel...
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
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...
Fox News founder Rupert Murdoch deposed in Smartmatic election lawsuit
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.Drew Angerer | Getty ImagesRupert Murdoch is being deposed Tuesday...
Home prices rose in September even as mortgage rates surged
A townhouse for sale in the Upper East Side neighborhood of NYC.Adam Jeffery | CNBCHigher mortgage rates appear to be doing very little to cool home prices.Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5%...
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...
Disney ‘Wish’ disappoints at the Thanksgiving box office
Ariana DeBose stars as Asha in Disney's new animated film "Wish."DisneyDisney needs to do more than wish on some stars to get out of its animation rut.Its latest animated feature "Wish," billed as a celebration of 100 years of storytelling, fumbled at the box office...
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...
Zions, Comerica, First Horizon: Regional bank takeover risk
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas.Cooper Neill | Bloomberg | Getty ImagesA trio of regional banks face increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to...
Mounjaro superior to Ozempic for weight loss, study says
A pharmacist displays a box of Mounjaro, a tirzepatide injection drug used for treating type 2 diabetes and made by Lilly at Rock Canyon Pharmacy in Provo, Utah, May 29, 2023.George Frey | ReutersThe blockbuster diabetes drug Mounjaro is more effective for weight loss...
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...
Small music venues fight to keep prices affordable amid inflation
Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket prices affordable for audiences and take chances on lesser-known artists.The...
American Dream mall evacuated on Black Friday over bomb threat
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic.Timothy A. Clary | AFP | Getty ImagesNew Jersey's American Dream Mall – the...
NFL Black Friday game Jets vs Dolphins on Amazon Prime, not on TV
Jacob Kupferman | Getty ImagesThe Miami Dolphins and the New York Jets face off in the National Football League's first ever Black Friday game this week — but it's not going to be the usual broadcast or cable offering. The game will stream exclusively on Amazon's...
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
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...
Airlines shave minutes off flight times with faster boarding, new tech
Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, on Nov. 22, 2023.Kevin Lamarque | ReutersIn air travel, minutes matter.A few moments could be the difference...
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...
Goldman Sachs paid Patrick Cantlay more than $1 million a year
Patrick Cantlay of the United States plays his shot from the 18th tee during the final round of the Workday Charity Open on July 12, 2020 at Muirfield Village Golf Club in Dublin, Ohio.Sam Greenwood | Getty ImagesGoldman Sachs paid professional golfer Patrick Cantlay...
Retailers cast doubt on Black Friday, holiday 2023 spending
A person walks past a sales advertisement at Saks Off 5th Department Store ahead of the Thanksgiving holiday sales in Washington, DC, November 21, 2023.Saul Loeb | AFP | Getty ImagesThere's a dark cloud hanging over Black Friday.A slew of retailers have issued tepid,...
Popeyes chicken wings available nationwide
Popeyes WingsCourtesy: PopeyesPopeyes is expanding its menu beyond chicken sandwiches – and it's a permanent change this time.The fast food chain announced Wednesday it's adding five chicken wing flavors to its menu nationwide, with three debuting at Popeyes for the...
Urban Outfitters’ clothing rental service Nuuly reaches profitability
Nuuly warehouseNatalie RiceUrban Outfitters' clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn a...
Nordstrom (JWN) earnings Q3 2023
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesNordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers' comments about weaker demand and...
Disney needs an animation hit: Is it Wish?
Ariana DeBose stars as Asha in Disney's new animated film "Wish."DisneyDisney is wishing on a shooting star this week, hoping that its celebratory 100th anniversary film "Wish" will mark a turning point for its beleaguered animation division and jumpstart the...
NFL committed to X as Elon Musk gets heat over hate speech
The National Football League is sticking with X, formerly known as Twitter, as Elon Musk's site faces an advertiser revolt over hate speech and antisemitism on the platform."I think X is in a very difficult business because of the content moderation that they have to...
Tiger Woods TGL golf league delayed until 2025 after dome collapse
Tiger Woods of the United States and Rory McIlroy of Northern Ireland walk to the 11th fairway during a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club on April 03, 2023 in Augusta, Georgia. Christian Petersen | Getty Images Sport |...
Ford scales back EV battery plant in Michigan
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on...
Home sales fell to a 13-year low in October as prices rose
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized...
American Eagle (AEO) earnings Q3 2023
American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Budrul Chukrut | Lightrocket | Getty ImagesShares of American Eagle plummeted 15% in premarket trading Tuesday after...
Abercrombie & Fitch (ANF) earnings Q3 2023
Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall...
Dick’s Sporting Goods (DKS) earnings Q3 2023
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.Spencer Platt | Getty ImagesShrink who? Sales and profit at Dick's Sporting Goods bounced back in the fiscal third quarter, leading the retailer to raise its full-year guidance...
Best Buy (BBY) earnings Q3 2024
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers.The consumer...
Lowe’s (LOW) earnings Q3 2023
An exterior view of a Lowe's home improvement store. Lowe's Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty ImagesLowe's on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself...
SpaceX Starship rocket goes for second launch attempt
SpaceX launched its second Starship rocket flight on Saturday, with Elon Musk's company pushing development of the mammoth vehicle past new milestones.Lifting off around 8 a.m. ET from the company's facility in Texas, Starship flew for more than seven minutes,...
McDonald’s increases minority stake in China business
Customers wait for their takeout food outside a McDonald's restaurant during the May Day holiday on May 1, 2022 in Beijing, China.VCG | Getty ImagesMcDonald's is buying Carlyle's stake in its China business, increasing its minority share from 20% to 48% ownership.The...
Free at home Covid tests available starting Monday
COVID-19 home test kits are pictured in a store window during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 19, 2022.Carlo Allegri | ReutersThe Biden administration on Monday said it is offering another...
CEOs have a new favorite word: ‘Choiceful’
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the"Future of Work in an Era of Automation and Artificial Intelligence", during a CEO Innovation Summit, on December 6, 2018 in Washington, DC.Mark Wilson...
Thanksgiving air travel set for records in test for airlines
Travelers wait in line to check in for their flights at a Delta Airlines ticket counter at Orlando International Airport during the busy Christmas holiday season on December 28, 2022 in Orlando, Florida.Paul Hennessy | Anadolu Agency | Getty ImagesAirlines expect...
Disney box office flops put pressure on Iger, Bergman
Bob Iger, Disney, at Apple programSource: AppleIt's rare for Disney Chief Executive Bob Iger to acknowledge his company has had creative missteps. So when he does, it's probably wise to pay attention."As I've looked at our overall output, meaning the studio, it's...
T-Mobile sued after employee stole nude images from phone
T-Mobile is once again being accused of failing to protect sensitive consumer data after an employee at one of its retail stores stole nude images from a customer's phone when she came to trade in an old device, according to a lawsuit filed Friday. The incident is...
JAT Capital sends scathing letter to new Bed Bath & Beyond board
Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions from shareholders and is engaging in what the investment firm called unprecedented "poor behavior." The firm, which has...
UAW-Ford workers ratify new contract
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT — Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract...
Early Black Friday discounts higher than prior years
Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesEarly Black Friday discounts were far higher this October compared to prior years,...
Tiger Woods new golf league faces dome collapse
Tiger Woods of the United States catches a ball on the practice area during the third round of the 2023 Masters Tournament at Augusta National Golf Club on April 08, 2023 in Augusta, Georgia. Andrew Redington | Getty ImagesExtensive damage at a Florida dome venue is...
Cadillac Optiq: New entry-level EV crossover
2025 Cadillac OptiqCadillacDETROIT – Cadillac's new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday.The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level...
UAW-Stellantis workers ratify new contract
United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT – United Auto Workers members at Chrysler owner Stellantis have ratified a...
CDC expedites release of Sanofi, AstraZeneca drug amid shortage
A RSV-infected child receives treatment, as RS-Virus infections spread among children at Missio children's clinic Moenchberg, in Wuerzburg, Germany, December 2, 2022. Heiko Becker | ReutersThe Centers for Disease Control and Prevention expedited the release of more...
YouTube debuts AI tool Dream Track that mimics vocals of artists
People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany.Sean Gallup | Getty ImagesYouTube is launching a new tool powered by artificial intelligence that will allow users to record audio using the voices of some of today's most...
Gap (GPS) earnings Q3 2023
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty ImagesGap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse...
Cassie sues Sean Combs for alleged rape, sex trafficking
Cassie Ventura and Sean 'Diddy' Combs attend the Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala at The Metropolitan Museum of Art on May 7, 2018 in New York City.John Shearer | Getty Images | The Hollywood Reporter | Getty ImagesHip-hop...
Sierra Space lays off hundreds in push toward Dream Chaser launch
A rendering on a Dream Chaser spaceplane in orbit.Sierra SpaceSierra Space, one of the sector's most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned.A Sierra Space spokesperson confirmed the company let go of...
Deflation could be coming this holiday, Walmart CEO says
Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesShoppers may get an early present this holiday season: Falling prices in many gift-giving...
Ballad of Songbirds and Snakes’ opening weekend box office
Tom Blyth and Rachel Zegler star as Coriolanus Snow and Lucy Gray Baird in Lionsgate's "Hunger Games: The Ballad of Songbirds and Snakes."Lionsgate"Snow lands on top."It's the mantra of the main character Coriolanus Snow in the upcoming "Hunger Games: The Ballad of...
Mattel hires ex-Fox, Sony exec to run TV studio
Mattel headquarters in El Segundo, California, US, on Friday, April 28, 2023.Bloomberg | Getty ImagesMattel hopes a new hire will help it expand its content slate, following the blowout box office success of "Barbie."The toy maker, home to Hot Wheels and American...
F1 spending cap made racing teams more investable
Singapore's F1 Grand Prix in 2022. 2022.Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesTake an elite field of world-class racing experts. Ask them to spend fewer dollars toward beating their bitter rivals. The result, it turns out, is a slate of newly investable...
Homebuilder sentiment drops to lowest point in a year
High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon.Homebuilder sentiment fell six points to 34 in...
GM union workers ratify UAW deal following contentious vote
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors union workers ratified a record deal with the United Auto Workers after a contentious...
Amazon Kuiper internet satellites fully successful in testing
A Project Kuiper engineer conducts network testing as prototype satellites pass over McAllen, Texas.AmazonA little over a month after launch, Amazon on Thursday announced its pair of prototype internet satellites were fully successfully in operations and testing."We...
Macy’s (M) earnings Q3 2023
Macy's Herald Square store in New York is shown on Aug. 21, 2023.View Press | Corbis News | Getty ImagesMacy's on Thursday topped Wall Street's quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales.The...
Starbucks workers file labor complaints as union goes on strike
Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City.Andrew Lichtenstein | Corbis News | Getty ImagesStarbucks workers in New York City have filed 14 more...
Judge sides with Paramount on claims in South Park lawsuit
Stan And Kyle From The Episode "Clubhouses."Getty Images | Hulton Archive | Getty ImagesA judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South...
FAA clears SpaceX to launch second Starship flight
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty ImagesThe Federal Aviation Administration has cleared Elon Musk's SpaceX to launch the second spaceflight...
Walmart (WMT) earnings Q3 2024
Walmart store with gardening products for sale in Atchison, Kansas.Ucg | Universal Images Group | Getty ImagesWalmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals.Here's what Wall Street expects from the retailer,...
Red Bull F1 dominance boosts energy drink sales
Red Bull's Max Verstappen celebrates after winning the Brazilian Grand Prix on Nov. 5, 2023.Amanda Perobelli | ReutersRed Bull Racing's dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team's principal and CEO,...
Target’s new favorite buzzword is ‘value’
A customer shops the holiday section at a Target store in Clifton, N.J.Adam Jeffery | CNBCTarget's goal this holiday season: Be more like Walmart.The retailer's leaders said customers will see thousands of gift ideas under $25, store displays that highlight...
CEO says customers thankful for locked items
As Target tries to fight theft at its stores, it has left customers frustrated to find many everyday items locked up. Still, the retailer's CEO Brian Cornell claimed many shoppers are actually grateful to see their body wash, toothpaste and deodorant behind a glass...
GM-UAW deal in jeopardy as voting goes down to the wire
DETROIT – Voting by United Auto Workers members is going down to the wire on a tentative deal with General Motors that ended roughly six weeks of labor strikes.A majority of UAW members at several major GM plants voted against the pact in recent days, but approval...
Thanksgiving dinner, turkey is cheaper this year
A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California.Mario Tama | Getty Images NewsFood inflation has been on a tear, with prices for food at home up 2.1% year-over-year in...
TJX Companies (TJX) earnings Q3 2024
A Marshalls store in New YorkScott Mlyn | CNBCTJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. The off-price giant, which runs T.J. Maxx,...
Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, D.C., March 22, 2023.Valerie Plesch | Bloomberg | Getty ImagesCitigroup will soon begin...
Mortgage demand at highest level in 5 weeks after interest rates fall
Potential homebuyers attend an open house in Seattle.Mike Kane | Bloomberg | Getty ImagesCurrent homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly.Mortgage demand rose 2.8% last week, compared with the previous week, according...
How Disney can save the Marvel Cinematic Universe
ANAHEIM, CALIFORNIA - AUGUST 24: President of Marvel Studios Kevin Feige took part today in the Walt Disney Studios presentation at Disney’s D23 EXPO 2019 in Anaheim, Calif. (Photo by Jesse Grant/Getty Images for Disney)Jesse Grant | Getty Images Entertainment | Getty...
PGA Tour to offer players equity ownership
Tiger Woods of the United States and Rory McIlroy of Northern Ireland walk to the 11th fairway during a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club on April 03, 2023 in Augusta, Georgia. Ross Kinnaird | Getty Images Sport | Getty...
Target (TGT) earnings Q3 2023
A Target department store in North Miami Beach, Florida, on May 17, 2023.Joe Raedle | Getty ImagesTarget will report fiscal third-quarter earnings on Wednesday, as the company tries to claw its way back from a string of disappointing results and high-profile...
Cooler monthly inflation report pushes mortgage rates even lower
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 ImagesThe average rate on the 30-year mortgage fell 18 basis points to 7.40% on Tuesday,...
Home Depot says inflation has cooled during earnings report
Vehicles fill the parking lot of a Home Depot store in Bloomsburg. Paul Weaver | Lightrocket | Getty ImagesEven as Home Depot forecast sales declines, the retailer had good news for investors and consumers on Tuesday."I think the most important observation we've made...
Why many UAW members oppose GM, Ford, Stellantis deals
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – The United Auto Workers achieved record contracts with the Detroit automakers...
Edith Piaf biopic will be made with AI
Singer Edith PiafKeystone-france | Gamma-keystone | Getty ImagesWarner Music plans to use artificial intelligence to recreate the voice and image of French artist and singer Edith Piaf, nearly 60 years after her death, the company said Tuesday.The efforts are part of...
SpaceX Starship second launch possible this week, CEO Elon Musk says
Starship launches for the first time on its Super Heavy booster from Texas on April 20, 2023.SpaceXSpaceX is pushing hard to launch the second spaceflight of its Starship rocket this week. CEO Elon Musk claimed the company will receive its federal launch license in...
Fisker shares down Q3 earnings material weakness
Fisker Inc. officially revealed the Fisker Ocean all-electric luxury crossover at CES 2020 in Las Vegas.Shares of electric-vehicle startup Fisker are sinking in premarket trading Tuesday following a disappointing earnings report and a regulatory filing that raised...
Home Depot (HD) Q3 2023
Home Depot's quarterly sales declined 3% from the year-ago period, but topped Wall Street's expectations as customers chipped away at more modest projects and home repairs.The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It...
Fisker (FSR) earnings report Q3 2023
Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023.Courtesy: FiskerElectric vehicle startup Fisker on Monday reported a third-quarter loss that was wider than Wall Street expected, and said it delivered only about 1,100 Ocean...
Stellantis offers buyouts to roughly half of U.S. salaried workers
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersDETROIT — Chrysler parent Stellantis is offering buyouts to roughly half of its U.S. white-collar...
Target closes stores ahead of third quarter earnings report
Target's store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks.Melissa Repko | CNBCIn the Harlem neighborhood of New York City, Target's first store to open in Manhattan has...
Pfizer enters weight loss drug market with Novo Nordisk, Eli Lilly
CFOTO | Future Publishing | Getty ImagesAs its Covid gains evaporate, Pfizer wants a chunk of the budding weight loss drug market. Analysts say upcoming data on Pfizer's experimental obesity pill, danuglipron, will be crucial in determining how competitive the company...
Darren Aronofsky Oscar track record
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk, attends a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesMaybe the hottest question in...
Taylor Swift’s postponed Argentina show prompts airline to waive flight-change fees
Allen J. Schaben | Los Angeles Times | Getty ImagesLike hurricanes, blizzards or wildfires, Taylor Swift is now prompting an airline to waive ticket-change fees.The popstar said she was postponing a show in Argentina's capital scheduled for Friday until Sunday because...
‘The Marvels’ worst opening weekend box office for MCU
Brie Larson stars at Carol Danvers aka Captain Marvel in Marvel Studios' "The Marvels."Disney"The Marvels" didn't go higher, further or faster during its opening weekend in theaters.The latest entrant in the Marvel Cinematic Universe hauled in an estimated $47 million...
Weight loss drug Wegovy slashes risk of serious heart complications
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 ImagesNovo Nordisk's Wegovy cut the risk of serious cardiovascular...
Flight discounts are back as airlines race to fill seats
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana.Luke Sharrett | Bloomberg | Getty ImagesFORT WORTH, Texas — Airlines have a record 260 million seats to fill this quarter, and to do it,...
Ron Baron expects SpaceX’s Starlink to go public around 2027
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so.""We think that by the time they go public with SpaceX, with Starlink ... in 2027 or so, four years, the company will be worth $250...
All autoworkers deserve deals like those the UAW won
U.S. President Joe Biden puts on a t-shirt of the UAW Local 1268 during a United Auto Workers (UAW) union members meeting, in Belvidere, Illinois, U.S., November 9, 2023. Leah Millis | ReutersDETROIT – President Joe Biden said Thursday that all autoworkers deserve...
FanDuel parent Flutter stock falls after disappointing earnings
FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot."We have a billion dollars more in revenue in the...
SiriusXM to launch new app and streaming plan to target younger customers
NEW YORK, NEW YORK - NOVEMBER 08: (L-R) Scott Greenstein, Kevin Hart, Ashley Flowers, and Kelly Clarkson speak onstage during the SiriusXM Next Generation: Industry & Press Preview at The Tisch Skylights at The Shed on November 08, 2023 in New York City.Bryan...
NWSL announces media partnerships with CBS, ESPN, Prime and Scripps
Carli Lloyd of NJ/NY Gotham FC battles for control against in the second half of the NWSL Match against Sydney Leroux of Orlando Pride at Red Bull Arena on August 29, 2021.Ira L. Black - Corbis | Getty Images Sport | Getty ImagesThe National Women's Soccer League...
Vince McMahon plans to sell shares in WWE parent TKO
World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesVince McMahon plans to sell a substantial chunk of his...
Iridium, Qualcomm end satellite-to-phone partnership
A Qualcomm sign is pictured at the Mobile World Congress in Shanghai.Aly Song | ReutersU.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.Iridium...
Zaslav, Malone lay groundwork for WBD’s next move
David Zaslav, CEO and president of Warner Bros. Discovery (L), and John Malone, chairman of Liberty Media, Liberty Global, and Qurate Retail Group.CNBC | ReutersWarner Bros. Discovery's next step to gain scale may be looking at distressed assets.Chief Executive David...
Future of streaming bundles, according to John Malone
In the early days of streaming, Netflix and Hulu promised an on-demand viewing experience with an ever-growing library of movies and TV shows, presenting an alternative to the traditional cable bundle.Today, consumers are cutting the cable cord, but also juggling...
McDonald’s and Krispy Kreme are in talks to expand partnership
Doughnuts are sold at a Krispy Kreme store on May 05, 2021 in Chicago, Illinois. The doughnut chain reported yesterday that it plans to take the company public again.Scott Olson | Getty ImagesKrispy Kreme said Thursday it's in talks to expand its partnership with...
Gen Alpha kids to fuel holiday skincare spending
Illustration by Elham AtaeiazarWhen Melissa Fuentes imagined the Christmas gifts she'd buy for her nine-year-old Tatiana, she figured she'd want Barbies, Bratz dolls or a scooter – the kinds of things she found under her tree growing up in the 90s. Instead, something...
SAG-AFTRA actors’ union reaches tentative labor agreement with Hollywood studios
SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, October 20, 2023.Mario Anzuoni | ReutersHollywood's actors and studios have a preliminary labor agreement."In a unanimous vote this...
SAG-AFTRA strike impact on Hollywood will linger
SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California. Mario Tama | Getty ImagesBefore the actors' union reached a labor deal with studios Wednesday...
United Airlines tweaks frequent flyer program to reward spending
United Airlines planes at Denver International Airport.Leslie Josephs/CNBCUnited Airlines plans to make it easier for customers to earn elite status through co-branded Chase credit cards, the latest airline to tweak its lucrative frequent flyer program to reward big...
Fanatics offers business immersion program for professional athletes
WNBA and MLB players take part in Fanatics' weeklong business immersion program.Source: FanaticsE-commerce platform Fanatics is helping professional athletes transition to life after the final buzzer — or pitch, or whistle.The company is expanding a pilot program to...
Astra founders offer to take company private
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California.AstraThe founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday.Chris...
‘The Marvels’ headed for bad box office open
Brie Larson stars as Carol Danvers aka Captain Marvel in Disney and Marvel's "The Marvels."DisneyIt was always going to be tough to top "Avengers: Endgame," but what has spilled out from Disney and Marvel Studios in the wake of that epic has left fans discouraged...
Rocket Lab (RKLB) Q3 earnings report
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022.Valerie Plesch | Bloomberg | Getty ImagesRocket Lab is pushing to get its launch business back on track by the end...
Virgin Galactic (SPCE) Q3 earnings report
Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.Virgin GalacticVirgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation...
Polestar PSNY Q3 2023 earnings
A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesSwedish electric...
ESPN shows strength in Disney earnings
The worldwide leader in sports still has some juice.ESPN operating income surged 16% from a year ago to $987 million in Disney's fiscal fourth quarter — the first time Disney has ever broken out the sports division's finances. Revenue in the segment grew 1%...
Caesars reaches deal with Las Vegas union to avoid strike
The exterior of Caesars Palace Hotel and Casino is viewed in Las Vegas on Dec. 4, 2015.George Rose | Getty ImagesA strike is off the table for nearly 10,000 Caesars Entertainment union workers on the Las Vegas strip.The Culinary Union said it took 20 straight hours of...
FDA approves Eli Lilly drug tirzepatide for weight loss
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, on March 29, 2023.George Frey | ReutersThe Food and Drug Administration on Wednesday approved Eli...
Disney (DIS) earnings report Q4 2023
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesLOS ANGELES – Disney shareholders...
Pharmacy walkout organizers launch national push to unionize staff
A small number of employees and supporters picket outside the headquarters of drugstore chain Walgreens during a three-day walkout by pharmacists in Deerfield, Illinois, November 1, 2023.Vincent Alban | ReutersThe organizers of a recent retail pharmacy staff walkout...
Satellite imagery company BlackSky ekes out first quarterly profit
The company's banner on the front of the New York Stock Exchange.BlackSkySatellite imagery venture BlackSky delivered its first quarterly profit on Wednesday, as the company works to keep up momentum into the end of the year.BlackSky reported net income of $675,000...
Warner Bros. Discovery WBD Q3 earnings
David Zaslav, President & CEO of Discovery Inc.Anjali Sundaram | CNBCWarner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers.Here's what the...
Disney DIS board in focus ahead of Q4 earnings
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesCompany boards tend to want to stay...
Mortgage rates plunge and demand finally inches back
House for sale in Millbrae, California.Xinhua News Agency | Xinhua News Agency | Getty ImagesMortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.Total mortgage application volume rose 2.5%...
Wonder Group food delivery startup gets $100 million Nestle investment
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It's also developed high-tech kitchen equipment to speed up and simplify cooking.Wonder GroupFood-delivery company Wonder Group has gotten a...
Planet Fitness shares surge as company raises revenue outlook
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston's Dorchester on Feb. 1, 2021.Jessica Rinaldi | Boston Globe | Getty ImagesPlanet Fitness shares surged double-digits after beating expectations on both lines for the third quarter...
Weight loss drug frenzy hits consumer giants in earnings season
A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O'Hara/Bloomberg via Getty ImagesBloomberg |...
SAG-AFTRA rejects Hollywood studios’ ‘last, best and final’ offer
NEW YORK, NEW YORK - OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors' union and Hollywood studios and streamers...
New Ram pickup EV has gas-powered electric generator
2025 Ram 1500 Ramcharger TungstenRamDETROIT — Automaker Stellantis plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that's equipped with an electric generator and a gas engine.If that sounds like an oxymoron, here's how it works:...
Fenway chairman confirms PGA Tour talks
Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization's framework agreement with Saudi-backed LIV Golf faces new doubts."We confirm that we've had conversations," Werner told CNBC's...
LVMH buys eyewear brand Barton Perreira
Barton Perreira sunglasses are displayed during 'A Good Time At Goodman's' held at Goodman's Men's Store in New York City.Astrid Stawiarz | Getty ImagesLVMH is buying luxury eyewear brand Barton Perreira, famed for making James Bond's shades, as it taps into the...
Disney hires PepsiCo veteran Hugh Johnston as CFO
Hugh Johnston, PepsiCoDavid A. Grogan | CNBCDisney said Monday that Hugh Johnston, the longtime chief financial officer of PepsiCo, will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses.Johnston has...
Bed Bath & Beyond CEO quits amid Overstock transition
Overstock.com CEO Jonathan Johnson, June 29, 2023.Scott Mlyn | CNBCThe new Bed Bath & Beyond announced Monday its CEO Jonathan Johnson is immediately stepping down from his position in a sudden and surprising move. Johnson had been Overstock's chief executive...
Citigroup considers deep job cuts in Project Bora Bora
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC.Alex Wong | Getty ImagesWhen Citigroup CEO Jane Fraser announced in...
Tesla, Toyota in UAW’s sights for organizing after Big 3 wins
United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to...
Sports betting, online casino fuel revenue growth
DraftKings, a fantasy sports websiteGetty ImagesThe growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive.DraftKings,...
Astra defaults on debt agreement, may not be able to raise needed cash
The company's LV0010 rocket stands on the launchpad at Florida's Cape Canaveral ahead of the NASA TROPICS-1 mission.AstraStruggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to...
‘Sound of Freedom’ will stream on Amazon Prime Video
Jim Caviezel stars in Angel Studio's "Sound of Freedom."Angel StudiosAmazon Prime Video has secured the rights to one of the hottest box office releases of 2023 — Angel Studios' "Sound of Freedom."The Jim Caviezel-led thriller snared more than $180 million at the...
Taylor Swift Eras Tour movie takes final bow at box office
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift takes her final bow at the movie box office this weekend.After a whirlwind...
Walmart WMT stock hits all time high
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesShares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season...
Starz to lay off more than 10% of employees
Starz CEO Jeffrey HirschSource: StarzStarz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K.Starz Chief Executive Officer Jeffrey Hirsch...
Paramount Global PARA stock jumps for second straight day
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount stock jumped about 10% Friday morning, a day...
Fox touts sports programming performance even as costs rise
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Brian Rothmuller | Icon Sportswire | Getty ImagesFox Sports drove higher consumption overall for Fox Corporation...
Live Nation (LYV) earnings Q3 2023
(L) Taylor Swift performs onstage during her The Eras Tour at Paycor Stadium in Cincinnati, Ohio, on June 30, 2023. (R) Beyoncé performs onstage during her Renaissance World Tour at the Johan Cruyff Arena in Amsterdam, Netherlands, on June 17, 2023.Getty...
Restaurant Brands International (QSR) Q3 2023 earnings
Unlike McDonalds — which owns some 84% of its outlets in Russia — companies such as Burger King, Subway and Papa John's often operate via franchise agreements there. Burger King said it demanded the main operator of its franchises suspend restaurant operations in...
Starbucks unveils expansion plans, cost cutting
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3...
DraftKings (DKNG) earnings Q3 2023
New England Patriots cornerback Stephon Gilmore, #24, stretches during the New England Patriots practice session in Foxborough, Massachusetts, on Oct. 22, 2020.Barry Chin | Boston Globe | Getty ImagesSports betting company DraftKings on Thursday posted quarterly...
Paramount Global PARA earnings Q3 2023
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount Global's stock moved higher in extended trading Thursday after it reported strong revenue and subscription...
High school kids are vaping less
Elf Bar disposable flavored e-cigarette products are displayed in a convenience store in El Segundo, California, on June 23, 2022.Patrick T. Fallon | Afp | Getty ImagesE-cigarette usage among U.S. high school students has fallen as the government pursues aggressive...
UAW-Stellantis deal includes $18.9 billion in new investments
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis' Ram 1500 plant in Sterling Heights, Mich.Michael Wayland / CNBCDETROIT — The United Auto Workers union said...
Media stocks pop as Roku rally lifts the sector
A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021.Bloomberg |Getty ImagesMedia stocks popped on Thursday as Roku's 30% rally lifted the entire sector. Wall Street celebrated the streaming device company's third...
National Association of Realtors CEO quits after lawsuit loss
A sign 'FOR SALE' seen outside a house in Edmonton on October 22, 2023, in Edmonton, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesThe National Association of Realtors announced Thursday that CEO Bob Goldberg will...
Many insured U.S. patients pay less than $25 a month
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 ImagesNovo Nordisk on Thursday said 80% of U.S. patients with...
How the EV market has changed since Covid
Nissan Motor Co. CEO Makoto Uchida speaks next to the Nissan Hyper Force electric vehicle during the Japan Mobility Show at Tokyo Big Sight in Tokyo, Japan on October 25, 2023.Tomohiro Ohsumi | Getty ImagesNissan Motor's CEO says that when it comes to electric...
NRF 2023 holiday sales forecast
David Paul Morris | Bloomberg | Getty ImagesHoliday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation.The major...
SpaceX’s Starlink ‘achieved breakeven cash flow’
The upper stage of a Falcon 9 rocket deploys a stack of Starlink "V2 Mini" satellites in orbit on Feb. 27, 2028.SpaceXSpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow.""Excellent work by a...
Eli Lilly diabetes drug Mounjaro supply improves in U.S.
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023.George Frey | ReutersEli Lilly on Thursday said supply of its blockbuster diabetes drug...
Ferrari (RACE) Q3 2023 earnings
Ferrari Original Factory EntranceCourtesy: FerrariFerrari on Thursday said that its third-quarter profit jumped 46% from a year ago as its wealthy customers continued to choose expensive "personalization" options for their new cars.As it did last quarter, Ferrari...
Target CEO says shoppers are pulling back, even on groceries
Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets.In an interview with CNBC's Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of...
Nikola NKLA Q3 2023 earnings
Nikola TRE FCEV2Courtesy: NikolaElectric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it's facing what will be a costly recall of its earlier battery-electric trucks.Nikola recalled all of its...
Moderna (MRNA) Q3 earnings report 2023: Covid vaccine losses
Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot. Moderna's total revenue for the period...
Target CEO Brian Cornell defends pulling some LGBTQ merchandise
Target CEO Brian Cornell defended his decision to pull some of the retailer's Pride Collection merchandise off shelves earlier this year, saying backlash against the items led to the most serious safety threats that he can recall in his decade with the company.In an...
Peloton (PTON) earnings Q1 2024
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesShares of Peloton sank about 6% in premarket trading Thursday after...
Eli Lilly (LLY) Q3 earnings report 2023
Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.Cristina Arias | Cover | Getty ImagesEli Lilly on Thursday reported third-quarter revenue and adjusted earnings that topped estimates on strong demand for its diabetes drug...
Look inside Ivana Trump’s $22.5 million townhouse
The late Ivana Trump's townhouse in New York has sat on the market for one full year with no takers. In September, it took a $4 million cut from its original asking price, down to $22.5 million. The extravagant residence remains virtually untouched since her death in...
Delta lays off some corporate workers to cut costs
Delta Airlines planes sit at Terminal 4 at John F. Kennedy Airport in New York City.Eric Thayer | Getty Images News | Getty ImagesDelta Air Lines is cutting some corporate jobs in an effort to cut costs as the industry grapples with higher expenses such as for fuel...
Starbucks (SBUX) earnings Q4 2023
A Starbucks logo at a location in New York, Aug. 17, 2023.Gabby Jones | Bloomberg | Getty ImagesStarbucks is expected to report its fiscal fourth-quarter earnings before the bell Thursday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...
e.l.f. Beauty (ELF) earnings Q2 2024
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street's expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing,...
Roku Q3 2023 earnings: Stock soars
A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company's initial public offering at the Nasdaq Market in New York on Sept. 28, 2017.Brendan McDermid | ReutersShares of Roku soared in after-hours trading Wednesday after the...
Disney to buy remaining Hulu stake from Comcast
Rafael Henrique | SOPA Images | LightRocket | Getty ImagesDisney said Wednesday that it had agreed to buy Comcast's one-third stake in streaming service Hulu, a long-expected outcome.Disney said it expects to pay Comcast's NBCUniversal about $8.61 billion by Dec. 1,...
Space Force awards SpaceX, ULA with $2.5 billion for 21 launches
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, U.S., November 1, 2022.Steve Nesius | ReutersThe U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance,...
Southwest flight attendants would get 36% pay raises in new contract
Southwest Airlines Boeing 737-700 aircraft is seen landing at dusk time at Ronald Reagan Washington National Airport in Arlington, Virginia.Nicolas Economou | Nurphoto | Getty ImagesSouthwest Airlines flight attendants would get 36% cumulative pay increases in a new...
Bud Light tries comeback with sports, concerts
Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S.The brewing giant revealed part of its plan to revitalize the...
Spirit Halloween lives on when holiday ends
The facade of seasonal Halloween decor store Spirit Halloween at a shopping center in Dublin, California, on Aug. 23, 2018.Smith Collection | Archive Photos | Getty ImagesHalloween is over, and your local Spirit Halloween is about to become a ghost town.It's open...
Norwegian Cruise Line cancels Israel stops
The passenger cruise ship Norwegian Prima arrives at the French Mediterranean port of Marseille. (Photo by Gerard Bottino/SOPA Images/LightRocket via Getty Images)Gerard Bottino | Lightrocket | Getty ImagesNorwegian Cruise Line Holdings on Wednesday said it would...
Netflix ad-supported tier has 15 million subscribers
The Netflix logo is displayed at its corporate offices in Los Angeles on Sept. 25, 2023.Mario Tama | Getty ImagesNetflix said Wednesday its cheaper, ad-supported tier has amassed 15 million global monthly active users. That's triple the most recent figure, disclosed...
Toyota TM Q3 2023 earnings guidance
A 2022 Toyota Mirai hydrogen fuel cell vehicle, right, next to Toyota Prius hybrid vehicles during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021.Bing Guan | Bloomberg | Getty ImagesToyota Motor on...
Wayfair (W) earnings report Q3 2023
Wayfair IPO on the floor of the New York Stock Exchange.Lucas Jackson | ReutersWayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home market continues to be under pressure. Here's how the online...
RealPage, landlords sued for alleged illegal rent hikes in DC
In this photo illustration AvalonBay Communities, Inc. logo seen displayed on a smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesWashington, D.C., Attorney General...
CVS Health (CVS) earnings Q3 2023
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022.Brendan Smialowski | AFP | Getty ImagesCVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the...
Adjustable-rate mortgage demand jumps as buyers struggle
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesAs mortgage rates hover near the highest level in more than two decades, homebuyers are turning to riskier mortgage products to help them get into a home.Last week, the average...
Yum Brands (YUM) Q3 2023 earnings
Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesYum Brands on Wednesday reported quarterly revenue that fell short of analysts' expectations, hurt...
Hanesbrands receives broad interest for Champion sale
American sportswear fashion brand Champion store seen in Hong Kong.Chukrut Budrul | SOPA Images | Sipa via AP ImagesBrand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is...
NBA, NHL game broadcasts coming soon to immersive domes
Cosm's shared reality dome concept for viewing live sports broadcasts.Courtesy: Cosm VenuesWarner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans.Cosm plans to...
JetBlue forecasts ongoing losses, Spirit antitrust trial begins
The JetBlue drop-off area at New York's LaGuardia Airport on Oct. 31, 2023.Leslie Josephs/CNBCJetBlue Airways stock tumbled to a nearly 12-year low Tuesday as the company forecast a loss for the fourth quarter and heads to court to defend its acquisition of budget...
Stellantis union strikes cost $3.2 billion in revenue
United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT — Labor strikes by the United Auto Workers union cost Stellantis about $3.2...
Pfizer (PFE) Q3 earnings report 2023
CFOTO | Future Publishing | Getty ImagesPfizer on Tuesday reported a narrower than expected adjusted loss for the third quarter as the drugmaker recorded charges largely related to struggles for its Covid antiviral treatment Paxlovid and Covid vaccine.Pfizer said that...
Winners and losers of 2023 talks with GM, Ford, Stellantis
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM's Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023.Evelyn Hockstein | ReutersDETROIT — A...
McDonald’s, Chipotle to raise California menu prices as wages rise
Chipotle and McDonald's fast-food restaurants in Chinatown in Washington, D.C.Jeff Greenberg | Universal Images Group | Getty ImagesMcDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase...
Pentagon awards satellite contracts to Northrop Grumman, York
An artist illustration shows the functions of the Space Development Agency's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build...
‘Sesame Street’ will be revamped as Max streaming deal set to expire
Sesame Street characters Bert and Ernie during the presentation of the NDR and Deutsche Post commemorative stamp of 'Sesamstrasse' on March 2, 2020 in Hamburg, Germany.Tristar Media | Getty Images Entertainment | Getty Images"Sesame Street" will soon have a new format...
Shein acquires Missguided from Britain’s Frasers Group
Clothes displayed at the Shein headquarters in Singapore on June 19, 2023.Ore Huiying | Bloomberg | Getty ImagesShein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a...
GM, UAW reach tentative agreement to end labor strike
Members of the United Auto Workers, or UAW, Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on Sept. 26, 2023.Patrick T. Fallon | AFP | Getty ImagesDETROIT — The United Auto Workers and...
‘Five Nights at Freddy’s’ dominates Halloween box office
A scene from the film "Five Nights at Freddy's"Universal PicturesIf anything was going to topple Taylor Swift at the box office, it had to be a killer animatronic bear, right?"Five Nights at Freddy's," the new Universal-Blumhouse horror offering set in an abandoned...
Canadian auto union initiates national strike at Stellantis
Lana Payne celebrates on stage as Unifor, Canada's largest private-sector union, announce Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada, Aug. 10, 2022.Cole Burston | ReutersDETROIT — After reaching a tentative agreement...
Stellantis, union negotiators agree to terms of a deal
DETROIT —The United Auto Workers union and Stellantis have agreed to a tentative deal following roughly six weeks of targeted U.S. labor strikes, the union announced on Saturday.The agreement, which must still be approved by local union leaders and ratified by...
UAW-Ford deal includes $8.1B in investment, $5,000 ratification bonus
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that...
McDonald’s (MCD) Q3 2023 earnings
A McDonald's restaurant is seen in Belmont, California, on April 3, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell Monday.Here's what Wall Street analysts surveyed by LSEG, formerly known...
Pharmacy staff from Walgreens, chains like CVS to walk out again
A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023.Brian Snyder | ReutersSome pharmacy staff from Walgreens and other drugstore chains are planning to walk out next week in the latest pushback...
Coke and Pepsi earnings comparison as KO and PEP stocks fall
Coca-Cola Co. and Pepsi Co. soda machines stand in a shopping center parking lot in Jasper, Indiana.Luke Sharrett | Bloomberg | Getty ImagesCoca-Cola and PepsiCo's rivalry spans decades, but Coke usually comes out on top.This quarter was no different.The beverage...
Disney pulls Jonathan Majors movie amid assault case
Jonathan Majors, and his girlfriend, Meagan Good, flanked by his lawyer Priya Chaudhry (R), arrive to Manhattan Criminal court for his pre trial hearing on August 03, 2023 in New York City.Alexi Rosenfeld | Getty ImagesDisney on Friday said it was pulling troubled...
Abercrombie, ex-CEO sued over sex abuse, trafficking
Abercrombie and Fitch is in the midst of a major comeback, but the retailer is still being haunted by the alleged sins of former chief executive Mike Jeffries. The company was sued Friday for turning a blind eye to Jeffries' alleged misconduct, court records show....
Spirit suspends new pilot training after tough quarter, engine issue
A Spirit Airlines airplane taxis for takeoff at Denver International Airport in Denver on Feb. 7, 2022.Michael Ciaglo | Bloomberg | Getty ImagesSpirit Airlines will suspend training for new pilots next month "until further notice," according to a company memo, as it...
GM, UAW may be near labor deal after negotiating session
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday...
Ford F shares fall after Q3 earnings on EV costs, UAW
Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty ImagesShares of Ford Motor traded sharply lower Friday after the company reported...
Jamie Dimon to sell 1 million shares of JPMorgan
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC's Leslie Picker in Bozeman, MT on Aug. 2nd, 2023.CNBCJPMorgan Chase CEO Jamie Dimon will begin to sell 1 million shares of the bank he runs next year, the company said Friday in a filing.The plan sparked concern...
What their work days look like
Signs offering COVID-19 vaccinations are seen outside of a CVS pharmacy in Washington, DC.Mandel Ngan | AFP | Getty ImagesMany pharmacy employees at some of the largest U.S. drugstore chains say they're reaching a breaking point. On top of verifying, filling and...
Supermarket bank branches closing at higher rates
Customers at a Safeway store in San Francisco.Getty ImagesAmerican banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry's profit squeeze and customers' migration to digital...
How Innovation Refunds cashed in on the Employee Retention Credit
The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic.The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping...
Shein to sell co-branded Forever 21 clothes online
Shoppers walks past advertisements on the opening day of fast fashion e-commerce giant Shein, which is hosting a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario Thursday, Oct. 19, 2023. Allen J. Schaben | Los Angeles Times | Getty...
Marlboro maker Altria (MO) earnings Q3 2023
Packs of Marlboro cigarettes are displayed at a smoke shop on April 28, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesAltria Group, the parent company of Philip Morris USA and the nation's largest tobacco company, reported third-quarter results...
Ford will postpone about $12 billion in EV investment
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker's Ford Rouge Electric Vehicle Center (REVC).Michael Wayland | CNBCFord Motor said Thursday that many customers in North America are no longer willing to pay a premium for an...
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft.The National Retail Federation escalated its campaign to rally support for...
Chipotle Mexican Grill (CMG) Q3 2023 earnings
Food is served at a Chipotle restaurant on in Chicago, Illinois.Scott Olson | Getty ImagesChipotle Mexican Grill is expected to report its third-quarter earnings after the bell Thursday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...
UPS Q3 earnings: Revenue outlook cut
A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of the United Parcel Service slipped nearly 5% Thursday after the company reported a bigger-than-expected revenue...
Jonathan Majors’ assault case heads to trial
US actor Jonathan Majors leaves Manhattan Criminal Court on August 03, 2023.Fatih Aktas | Anadolu Agency | Getty ImagesMarvel Cinematic Universe actor Jonathan Majors will stand trial on assault charges next month after a New York judge Wednesday denied his motion to...
Ford Motor (F) earnings Q3 2023
2024 Ford F-150 RaptorFordDETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday.Here's what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv.Adjusted earnings per share: 45...
Hasbro and Mattel stocks drop on poor holiday sales guidance
Game maker HasbroJustin Sullivan | Getty ImagesShares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter.Hasbro's stock dropped more than 10% on Thursday, and Mattel slid more than 7%.The companies face challenges...
Life Time stock plummets as company spends more on premium fitness
A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021.Source: NYSELife Time Group shares plummeted 15% Wednesday after the company's third-quarter results revealed higher spending to boost the premium member experience.The cost of running its...
Rocket Lab to resume Electron launches after September failure
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday.The company is in the final stages of closing...
Comcast’s lack of broadband growth bothers investors
Comcast Xfinity cable television installation truck parked on a street in front of a suburban home, San Ramon, California, May 17, 2018. (Photo by Smith Collection/Gado/Getty Images)Smith Collection/Gado | Archive Photos | Getty ImagesComcast has tried to move...
Bristol Myers Squibb (BMY) Q3 earnings report 2023
Bristol Myers Squibb on Thursday reported quarterly adjusted earnings that topped expectations and posted revenue in line with estimates, even as sales of the company's popular blood cancer drug Revlimid plummeted due to generic competition. Bristol Myers, one of the...
Merck (MRK) Q3 earnings report 2023
Merck headquarters in Rahway, New Jersey, on Tuesday, April 18, 2023.Christopher Occhicone | Bloomberg | Getty ImagesMerck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations on strong sales of its blockbuster cancer drug...
High credit card interest rates carry risks
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in New York City, Dec. 20, 2022.Alexi Rosenfeld | Getty ImagesShoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping...
Pfizer combination Covid, flu vaccine shows positive trial data
CFOTO | Future Publishing | Getty ImagesPfizer on Thursday said its combination vaccine candidates targeting Covid and the flu will move to a final-stage trial in the coming months after showing positive initial results in an early to mid-stage study.That moves the...
Southwest Airlines (LUV) earnings Q3 2023
A Southwest Airlines passenger jet lands at Chicago Midway International Airport in Chicago, Illinois, on December 28, 2022.Kamil Krzaczynski | AFP | Getty ImagesSouthwest Airlines said Thursday it plans to slow its capacity growth next year, citing moderating travel...
Comcast CMSA Q3 earnings
A general view of the "SUPER NINTENDO WORLD" entrance at Universal Studios Hollywood on February 16, 2023 in Universal City, California.Rodin Eckenroth | Getty Images Entertainment | Getty ImagesComcast topped both revenue and profit estimates in the third quarter as...
Endeavor could go private as it explores strategic alternatives
Endeavor Group Holdings, the talent agency and sports company run by Ari Emanuel, said Wednesday it would explore strategic alternatives, which could mean a possible sale or potentially going private again after two and a half years on public markets.Indeed, soon...
Alzheimer’s drug Leqembi shows promise as injection
Eisai on Wednesday said an injectable version of the Alzheimer's drug Leqembi showed promising initial results in a clinical trial, potentially paving the way for a new and more convenient option for administering the antibody treatment. However, the injection did not...
Morgan Stanley says Ted Pick to succeed James Gorman as CEO
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank's Wall Street operations, will also join...
Mattel MAT Q3 earnings: Barbie sales surge
Guests shop during a visit to the Malibu Barbie Cafe pop-up in New York City on May 17, 2023.Brendan McDermid | ReutersCall it a Barbie boost.Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The "Barbie"...
Ford, UAW reach tentative deal to end labor strikes
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT...
How it’s expanding global reach
Nikola Jokic, #15 of the Denver Nuggets, shoots the ball against Bones Hyland, #5, and Norman Powell, #24, of the Los Angeles Clippers during the second half of a preseason game at Crypto.com Arena in Los Angeles on October 19, 2023.Kevork Djansezian | Getty ImagesAs...
IMAX earnings Q3 2023: Oppenheimer drives profit
Christopher Nolan's 'Oppenheimer' movie billboard is seen in Katowice, Poland on July 20, 2023.Beata Zawrzel | Nurphoto | Getty ImagesIMAX on Wednesday posted third quarter earnings showing its second highest-grossing quarter ever at the global box office, led by...
GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs
The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies.HondaDETROIT – General Motors and Honda Motor have canceled plans to jointly develop affordable electric vehicles as they face...
GSK RSV vaccine shows potential to protect adults 50 to 59
A vaccine from GlaxoSmithKline showed the potential to protect adults ages 50 to 59 from respiratory syncytial virus in a late-stage clinical trial, the company said Wednesday.The initial trial results suggest that GSK's shot, known as Arexvy, could help protect a...
JetBlue to offer Dublin, Edinburgh flights starting next year
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York.Fred Prouser | ReutersJetBlue Airways plans to begin flights to Dublin and Edinburgh from the U.S. as part of the carrier's trans-Atlantic expansion.Tickets...
Boeing (BA) earnings Q3 2023
Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017.Jason Redmond/ReutersBoeing said Wednesday it will deliver fewer 737 Max aircraft than it expected this year as it works through production...
Spotify (SPOT) earnings Q3 2023
Spotify shares closed 10% higher on Tuesday after the company reported a surprise profit for the third quarter — its first quarterly profit in a year and a half — as price increases and cost-cutting measures took hold.The company's stock has more than doubled so far...
Anheuser-Busch and UFC strike partnership amid Bud Light slump
Bud Light, made by Anheuser-Busch, sits on a store shelf in Miami on July 27, 2023.Joe Raedle | Getty ImagesAnheuser-Busch InBev's Bud Light will again become the official beer sponsor for the Ultimate Fighting Championship with a six-year marketing partnership, the...
Inaugural Vulcan rocket launch slated for Christmas Eve
United Launch Alliance plans to launch the inaugural flight of its Vulcan rocket on Christmas Eve, CEO Tory Bruno told CNBC's Morgan Brennan on Tuesday.Bruno, speaking at the CNBC Technology Executive Council Summit, said the target window for Vulcan's first launch...
Nikola NKLA Trevor Milton damages
Nikola's founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October of 2022.Massimo Pinca | ReutersShares of electric truck maker Nikola traded higher Tuesday afternoon after the company said in a regulatory filing that its disgraced...
Knicks sign jersey patch deal with owner James Dolan’s Sphere Entertainment
Sphere patch on a Knicks jersey.Source: MSG Sports | Sphere EntertainmentThe New York Knicks are keeping it in the family for their next jersey patch sponsor.Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official...
Why General Motors is reviving Chevrolet Bolt EV
General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. Production of the current Bolt is set to end in December, but GM has said a revamped version is on the way.Patrick T. Fallon | Bloomberg...
UAW expands strike to crucial GM SUV plant in Texas
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers expanded its strikes against General Motors to a highly profitable full-size...
Frontier Airlines overhauls frequent flyer program
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesEven for budget carriers, earning elite status is now all about how much you spend.Frontier Airlines on Tuesday...
McDonald’s tried to buy Panera Bread, 5 other reveals
Ron Shaich, founder and then-CEO of Panera Bread, in December 2017.Scott Mlyn | CNBCPanera Bread founder Ron Shaich uses his new book, "Know What Matters," to impart lessons learned from his decades in the restaurant business — and reveals some juicy details in the...
Panera Bread founder Ron Shaich new book criticizes IPOs
Panera Bread founder Ron Shaich led a public company for more than two decades, but that doesn't mean he's a fan of initial public offerings or Wall Street.More than six years after selling the chain for $7.5 billion, Shaich is looking back on his nearly four decades...
Coca-Cola (KO) Q3 2023 earnings
A Coca-Cola truck in New York City.Alexi Rosenfeld | Getty ImagesCoca-Cola is expected to report its third-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 69...
General Motors (GM) earnings Q3 2023
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here's what Wall Street is expecting, according to...
Alaska Airlines flight diverts after ‘security threat’
Travelers wait to check-in at the Alaska Airlines counter at San Francisco International Airport (SFO) in San Francisco, California.David Paul Morris | Bloomberg | Getty ImagesAn Alaska Airlines flight operated by a subsidiary diverted to Portland International...
UAW expands strike to Stellantis pickup truck plant in Michigan
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union is...
Netflix takes slow approach to video games
It's been nearly two years since Netflix first announced its foray into gaming. Yet, as Netflix has more than tripled its game library from 24 to 77 games in the last year, subscribers have largely shrugged their shoulders.This is all a part of the plan, though,...
Taylor Swift Eras Tour concert film second week box office
US singer Taylor Swift arrives for the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles, California on October 11, 2023. Valerie Macon | Afp | Getty ImagesTaylor Swift continues to beat records at the box office.The pop star's...
Paramount, Shari Redstone might have missed deal window
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023.David A. Grogan | CNBCShari Redstone may have missed her...
GM and Ford report Q3 earnings as Wall Street and UAW watch
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General MotorsReuters; General MotorsDETROIT — Ready for a tightrope walk?General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with...
Airport lounges are booming, and everyone wants in
Travelers are flocking to airport lounges in search of complimentary food, drinks and perhaps most importantly, a chance to relax away from the hordes of travelers at the gate. The problem: plenty of other travelers are too.Armed with high-end rewards credit cards and...
Housing market is painful, ugly, anxious with 8% high rate
Today's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buyers and sellers alike.Prices were already high, driven by supercharged demand during the height of the Covid-19...
Union’s Fain says ‘more to be won’ despite record offers
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union believes there is "more to be won" in ongoing contract...
CVS to pull certain cold medicines from store shelves
Cold and flu medicine including NyQuil sit on a store shelf in Miami on Sept. 12, 2023.Joe Raedle | Getty ImagesCVS is removing some of the most common cough and cold medicines from its store shelves and will no longer sell them, a company spokesperson told CNBC on...
Las Vegas Sands (LVS) reports Q3 earnings and strong Asia growth
A woman rides her bicycle with the Marina Bay Sands hotel and high rise buildings in the background in Singapore on September 4, 2023.Roslan Rahman | AFP | Getty ImagesLas Vegas Sands' recovery from the pandemic is gaining steam, and Asia is a big reason why.The...
Disney highlights theme park revenue growth
Visitors can avoid lines at Disney World if they buy into the system.Joseph Prezioso | Anadolu Agency | Getty ImagesDisney's restructuring has triggered some changes in how the company shares its financial details, shedding light on just how strong its theme park...
Billionaires are driving South Florida home prices to new records
From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property.The average sale price of a home in Palm Beach topped $20 million in the third quarter, making it far...
TGL golf league announces ownership team led by Marc Lasry, Steph Curry
Andre Iguodala #9, Stephen Curry #30 and Klay Thompson #11 of the Golden State Warriors high five each other during the game against the Boston Celtics on March 8, 2017 at ORACLE Arena in Oakland, California.Noah Graham | National Basketball Association | Getty...
Philip Morris (PM) earnings Q3 2023
Philip Morris International Inc. Marlboro brand cigarettes are arranged for a photograph in Shelbyville, Kentucky, U.S., on Friday, Oct. 2, 2015.Luke Sharrett | Bloomberg | Getty ImagesPhilip Morris International on Thursday reported quarterly earnings that topped...
Sanofi to offer insulin for $35 to Americans through GoodRx
Sanofi Lantus brand insulin pens are arranged for a photograph in the Brooklyn borough of New York, U.S., on Friday, April 5, 2019.Alex Flynn | Bloomberg | Getty ImagesAmericans, regardless of their insurance status, can now access Sanofi's most widely prescribed...
Big banks cut thousands of jobs, more layoffs coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThe largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come.Even as the economy has...
September home sales drop to lowest level since the foreclosure crisis
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBCSales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors....
Delta walks back some changes to Sky Club access, loyalty program
Delta's new SkyClub at John F. Kennedy International Airport in New York.Leslie Josephs/CNBCDelta Air Lines on Wednesday walked back some of the broad restrictions it placed on access to its popular airport lounges and trimmed thresholds to earn elite status after...
Costco CEO Craig Jelinek to step down. COO Ron Vachris will take over
A Costco Wholesale warehouse sign is seen outside a store in Silver Spring, Maryland, on Aug. 5, 2023.Mandel Ngan | Afp | Getty ImagesCostco's longtime CEO Craig Jelinek is stepping down from the company after the warehouse club's spree of pandemic- and...
Kohl’s holiday look offers glimpse into turnaround plan
At Kohl's stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home...
American Airlines (AAL) earnings Q3 2023
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year,...
Fast fashion brand must clear hurdles before going public
Illustration by Elham AtaeiazarIt's no secret that Shein has ambitions to go public, but the fast-fashion juggernaut will have to overcome a slew of hurdles before it can win over Wall Street.The digitally native retailer skyrocketed to prominence during the Covid-19...
Netflix returns to growth mode
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023.Joan Cros | Nurphoto | Getty ImagesNetflix is correcting the Great Netflix Correction.There once was a time, long ago in April 2022, when Netflix reported...
SpaceX, Blue Origin, Virgin Galactic call for FAA improvements
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA's Kennedy Space Center in Cape Canaveral, Florida, on October 13, 2023.Chandan Khanna | AFP | Getty ImagesWith the pace of rocket launches accelerating, and competition from China rising,...
Disney gives investors a look at ESPN financials
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesThe reorganization of Disney's business is giving investors a glimpse at ESPN's financials for the first time.The inside look – which shows ESPN's revenue has been decreasing in...
Netflix leans more into sports programming
Rafael Henrique | Lightrocket | Getty ImagesWhether it's streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game.Following some quarters of stagnation, Netflix is back to adding more...
Pfizer to price Covid drug Paxlovid at $1,390 per course
Paxlovid, Pfizer's antiviral medication to treat the coronavirus disease, is displayed in this picture taken on Oct. 7, 2022.Wolfgang Rattay | ReutersPfizer will price a five-day course of its Covid antiviral drug Paxlovid at $1,390 when the company starts to...
Rite Aid lost more than $1 billion before bankruptcy filing
A Rite Aid store in Kingston, New York, US, on Monday, May 15, 2023. Rite Aid Corp. is scheduled to release earnings figures on June 23. Angus Mordant | Bloomberg | Getty ImagesRite Aid lost more than $1 billion in the months before it filed for bankruptcy, the failed...
Netflix (NFLX) earnings Q3 2023
Thomas Trutschel | Photothek | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday.The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price...
Trump Truth Social promotes Biden campaign account
U.S. President Joe Biden delivers remarks on the September jobs report at the White House on October 06, 2023 in Washington, DC.Kevin Dietsch | Getty ImagesNot a joke, folks.Former President Donald Trump's social media company is promoting President Joe Biden's...
United Airlines to debut new boarding order
Passengers check in for United Airlines flights at O'Hare International Airport on December 13, 2022 in Chicago, Illinois.Scott Olson | Getty ImagesUnited Airlines will change its boarding order next week by letting economy-class passengers who have selected window...
30-year fixed mortgage rate just hit 8% for the first time since 2000
JB Reed | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000.The milestone came as bond yields soar to levels not seen since 2007....
Architects report big drop in business
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty ImagesArchitecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next...
Winnebago revenue shows weak discretionary spending
A Winnebago Industries Inc. travel trailer stands at Motor Sportsland RV dealership in Salt Lake City, Utah, U.S., on Monday, April 6, 2020.George Frey | Bloomberg | Getty ImagesWinnebago closed out its fiscal year with a solid fourth quarter earnings beat. Adjusted...
Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021.Andrew Kelly | ReutersMortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the...
Walmart beefs up online marketplace in Amazon challenge
Walmart hosted its first seller summit for its third-party marketplace this summer. At the invitation-only event, CEO Doug McMillon made his pitch on why small businesses and brands should work with the retail giant.WalmartIt was summer in Las Vegas — the temperature...
Morgan Stanley (MS) earnings 3Q 2023
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley is set to report third-quarter earnings before the opening bell on Wednesday. Here's what Wall Street expects:Earnings: $1.28 a share, according to LSEG, formerly known as Refinitiv Revenue: $13.23...
Procter & Gamble (PG) Q1 2024 earnings
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble is expected to report its fiscal first-quarter earnings before the bell Wednesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...
United Airlines (UAL) 3Q 2023 earnings
A Boeing 787-10 Dreamliner, from United Airlines, taking off from Barcelona airport in Barcelona on March 28, 2023.JanValls | Nurphoto | Getty ImagesUnited Airlines said more expensive jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war...
Casino workers go on strike in Detroit
MGM Resorts International's MGM Grand Detroit hotel stands in Detroit, Michigan, Oct. 30, 2013.Bryan Mitchell | Bloomberg | Getty ImagesAuto workers aren't the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working...
Vans owner VF Corp shares jump after activist investor builds stake
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021.Luke Sharrett | Bloomberg | Getty ImagesActivist investment firm Engaged Capital has taken a stake in VF Corporation, owner of Vans and The North Face...
GM to delay EV truck production at Michigan plant
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT – General Motors said Tuesday it is delaying production...
Starboard CEO pushes News Corp to spin off real estate assets
Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company.Starboard CEO Jeffrey Smith told CNBC's David Faber on Tuesday that the firm is building a position in...
Tupperware replaces CEO, shares surge
Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesTupperware on Tuesday appointed Laurie Ann Goldman as its new CEO and shook up its board as the iconic brand tries to overcome its recent...
Homebuilder sentiment drops to 10-month low, as mortgage rates soar
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022.Rebecca Noble | Bloomberg | Getty ImagesBuilder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a...
Lucid LCID Q3 2023 EV deliveries production
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about...
StubHub sees 60% jump in ticket sales for NBA season
Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023.Adam Pantozzi | National Basketball Association | Getty ImagesWith the National Basketball Association...
Bank of America (BAC) earnings 3Q 2023
Brian Moynihan, CEO of Bank of AmericaHeidi Gutman | CNBCBank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income.Here's what the company reported:Earnings per share: 90 cents vs. expected 82 cent estimate from...
Johnson & Johnson (JNJ) Q3 earnings report 2023
An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019.Mark Ralston | AFP | Getty ImagesJohnson & Johnson on Tuesday reported adjusted earnings and revenue that topped Wall Street's expectations, driven by a...
Goldman Sachs (GS) earnings 3Q 2023
David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022.Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs is scheduled to report third-quarter earnings before the opening bell...
Taylor Swift Eras Tour box office: Second best October open
Taylor Swift performs onstage during at Ford Field on June 9, 2023 in Detroit, Michigan.Scott Legato | TAS23 | GettyTaylor Swift and AMC have collected the receipts and results are in: the Eras Tour concert film is the second-highest domestic opener of October...
Absolut Vodka, Sprite canned cocktail coming next year
Absolut Vodka and Sprite.Coca-Cola is teaming up with Pernod Ricard to launch a new ready-to-drink and premixed cocktail beginning 2024, the companies announced Monday.The new cocktail will contain a mix of Absolut Vodka and Sprite, the companies said. The drink will...
Hollywood’s AI issues are far from settled after WGA deal
Members of the Writers Guild of America (WGA) East hold signs as they walk for the second day on the picket-line outside of Netflix's New York office on May 03, 2023 in New York City.Spencer Platt | Getty ImagesThe Writers Guild of America's labor deal with Hollywood...
Space investing Q3 report: Following government contracts
SpaceX's Crew Dragon capsule, named Freedom, is seen docked with the International Space Station in May 2023 during the Axiom Ax-2 mission.NASAInvestment in the space sector, especially from venture capital, is consistently flowing into companies that are pursuing and...
Bill Ford calls on union to make a deal
Bill Ford, Executive Chairman of Ford Motor Company, announces at a press conference that Ford will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in...
Taylor Swift Eras Tour concert film opening weekend box office
Taylor Swift performs onstage for the opening night of "Taylor Swift | The Eras Tour" at State Farm Stadium.Kevin Mazur | Getty Images Entertainment | Getty ImagesBox office analysts became Swifties in the lead-up to Taylor Swift's Eras Tour concert film release,...
Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City.Spencer Platt | Getty ImagesRite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt.The company said it...
How Snickers maker Mars prepares for Halloween and trick-or-treat
Snickers and Mars candy bars, produced by Mars Inc., sit on display.Bloomberg | Bloomberg | Getty ImagesFor 11 months of the year, Tim LeBel is Mars Wrigley's president of sales. But for the month of October, he dons a new title: chief Halloween officer.For decades,...
Pregnant Latinas face greater maternal health concerns
Zaza Cristina Robles worked as a pregnancy coach in her native Peru, so when she arrived in the U.S. at 16 weeks pregnant, the first thing she did after settling in with her in-laws was to seek medical care."When they showed us the bill, it was so expensive, my...
What to make of the latest escalation at Ford
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the...
Walgreens pharmacy staff could stage nationwide walkout
A woman walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesPharmacy staff from Walgreens are laying the groundwork for a nationwide walkout and multiple rallies at the end of October to protest unsatisfactory...
Taylor Swift Eras Tour box office Thursday preview ticket sales
Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles, California on October 11, 2023.Valerie Macon | AFP | Getty ImagesTaylor Swift fans had just eight hours to buy tickets for last-minute...
New RSV shots for infants, Abrysvo and Beyfortus, face hurdles in U.S.
A doctor vaccinates an infant against respiratory syncytial virus (RSV) in a treatment room of her paediatric practice.Swen Pförtner | Picture Alliance | Getty ImagesTwo new immunizations promise to protect babies from respiratory syncytial virus – if people can find...
Novo Nordisk hikes outlook on soaring demand for Wegovy, Ozempic
An Ozempic injection pen is seen on a kitchen table in Riga, Latvia, on Aug. 6, 2023.Jaap Arriens | Nurphoto | Getty ImagesNovo Nordisk on Friday raised its outlook for its full-year sales and operating profit due to soaring demand for its blockbuster weight loss drug...
Wells Fargo WFC Q3 2023 earnings
A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023.Justin Sullivan | Getty ImagesWells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset...
Watch SpaceX Falcon Heavy launch NASA Psyche asteroid mission
[The livestream is slated to begin at 9:30 a.m. ET. Please refresh the page if you do not see the video player above.]SpaceX's powerful Falcon Heavy rocket is set to launch on Friday morning, flying a NASA mission bound for a distant asteroid.Targeting the asteroid...
Citigroup (C) Q3 earnings report
Citigroup reported its third-quarter results on Friday morning, with solid growth in both institutional clients and personal banking fueling higher-than-expected revenue.Here's what the company announced compared with what Wall Street was expecting, based on a survey...
Taylor Swift Eras Tour concert film could reach $150 million opening
U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023.Michael Tran | Afp | Getty ImagesThe weekend box office (Taylor's Version).Taylor Swift has sold out stadiums worldwide and now...
JPMorgan Chase (JPM) earnings 3Q 2023
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023.Nathan Howard | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the...
Comcast, Disney hire Morgan Stanley, JPMorgan to value Hulu
Bob Iger, CEO, Disney, and Brian Roberts of ComcastGetty ImagesComcast and Disney have hired investment banks to value Hulu, the next step in what's been a nearly five-year process to put the streaming service under one owner.Comcast, which owns one-third of Hulu, has...
Bank earnings kick off after another period of rising rates, bad loans
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersAmerican banks are closing out another quarter in...
David Beckham says he supports Manchester United sale
Inter Miami co-owner and President David Beckham backs a takeover of his original club Manchester United."At the moment, there's no stability," the longtime former midfielder for the Premier League club told CNBC's "Squawk on the Street" in an interview aired...
Dollar General stock jumps after it brings back former CEO
The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023.Brandon Bell | Getty ImagesDollar General's former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from slowing growth and allegations...
Automaker ‘at the limit’ of what it can offer
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Ford Motor is "at the limit" of what it can offer the United Auto Workers union in terms of economic...
Maersk signs with SpaceX to add Starlink internet to over 330 ships
Maersk is one of the world's biggest container shippers.Andia | UIG via Getty ImagesDanish logistics giant Maersk is adding SpaceX's Starlink to more than 330 container ships, the companies announced Thursday.Maersk said the installation of the Starlink internet...
Incoming Walgreens CEO doesn’t mention pharmacy walkouts
Tim Wentworth, former CEO of Express Scripts.David A. Grogan | CNBCIncoming Walgreens CEO Tim Wentworth on Thursday briefly praised the company's pharmacy staff, but made no mention of the three-day protest walkouts they held this week over poor working conditions.The...
Hollywood, auto strikes dent Delta business travel
A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021.Mike Blake | ReutersRecent strikes by Hollywood talent and United Auto Workers union members are a "drag"...
SAG-AFTRA strike continues as talks break down
Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Timothy A. Clary | AFP | Getty ImagesForget about a Hollywood ending for actors and studios — for now.After just...
Joe Biden to meet with Target CEO Brian Cornell and business leaders
Brian Cornell, CEO, TargetScott Mlyn | CNBCTarget CEO Brian Cornell will meet with President Joe Biden on Thursday afternoon as the retailer — and the White House — try to figure out U.S. consumers.Cornell is one of about a half dozen business leaders across...
AMC CEO Adam Aron discloses online blackmail attempt last year
Adam Aron, Chairman of the Board and CEO, AMC Entertainment, listens during the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California.Patrick T. Fallon | AFP | Getty ImagesAMC CEO Adam Aron confirmed on Thursday he was the victim of a...
Viasat won’t replace damaged Americas satellite, improves financial targets
A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023.ViasatViasat shares rose on Thursday after the company said it expects to meet financial growth targets earlier than...
UAW launches key strike against Ford’s Kentucky truck plant
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesDETROIT — The United Auto Workers...
Walgreens (WBA) earnings Q4 2023
A man walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesWalgreens on Thursday offered soft profit guidance and reported fiscal fourth quarter earnings that fell short of expectations, as demand for Covid...
Delta Air Lines (DAL) Q3 2023 earnings
An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines' profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast...
Chipotle plans price increases after pausing hikes this year
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania.Mark Makela | ReutersChipotle Mexican Grill is planning to raise prices again."For the first time in over a year, we will be taking a modest price increase to...
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs said Wednesday that it...
(BIRK) starts trading on the NYSE
A Birkenstock banner hangs outside the New York Stock Exchange (NYSE) in New York on October 11, 2023, as Birkenstock launches an Initial Public Offering (IPO). Angela Weiss | Afp | Getty ImagesShares of Birkenstock slid about 10% in their debut on the New York Stock...
Zions, Comerica at risk of being booted from S&P 500
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas.Cooper Neill | Bloomberg | Getty ImagesThe stock selloff that hit regional banks this year has exposed lenders including Zions and Comerica to the risk of being delisted from the Standard & Poor's...
Period care brands August, Rael and others unite to fight ‘tampon tax’
Starting Wednesday, consumers paying state sales tax on menstrual products will be able to get those costs on some period care purchases reimbursed.The Tampon Tax Back Coalition — an initiative of period care brands August, Cora, LOLA, The Honey Pot, Rael, Here We...
ChargePoint raising $232 million, shares fall
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023.Smith Collection/gado | Archive Photos | Getty ImagesShares of EV charging network operator ChargePoint Holdings were trading lower on...
Disney World and Disneyland raise prices for most tickets
People walk toward an entrance to Disneyland on April 24, 2023 in Anaheim, California.Mario Tama | Getty ImagesIt's about to get a bit more expensive to experience the magic of Walt Disney World and Disneyland.Ticket prices nearly across the board are increasing,...
Stellantis, Samsung SDI to build EV battery plant in Indiana
PONTIAC, MI - AUGUST 17: The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge's Speed Week at M1 Concourse on August 17, 2022 in Pontiac, Michigan. A production electric vehicle from Dodge, a Stellantis N.V. brand, is...
Adjustable-rate mortgage demand spiked last week. Here’s why.
A house for sale in Arlington, Virginia, in July of 2023.Saul Loeb | AFP | Getty ImagesThe average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called...
Walgreens names veteran health-care executive Tim Wentworth as next CEO
Tim Wentworth, former CEO of Express Scripts.Getty ImagesWalgreens Boots Alliance has chosen veteran health care executive Tim Wentworth as the company's new chief executive.Wentworth is the former CEO of the nation's largest pharmacy benefits management company,...
Birkenstock prices IPO at $46 per share
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty ImagesBirkenstock, the longtime German shoe brand known for its comfy and durable styles, priced its...
GM, Canadian autoworkers union Unifor reach deal to end strike
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM's Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including...
Taylor Swift Eras Tour film: What to expect
Taylor Swift performs onstage for the opening night of "Taylor Swift | The Eras Tour" at State Farm Stadium on March 17, 2023 in Swift City, ERAzona (Glendale, Arizona). The city of Glendale, Arizona was ceremonially renamed to Swift City for March 17-18 in honor of...
Number of people with $100 million has doubled since 2003
Mbbirdy | E+ | Getty ImagesThe population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. There are now 28,420 so-called centi-millionaires worldwide, up 12%...
Nike, American Eagle, Lululemon among favorite brands for teens: Survey
A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida.Joe Raedle | Getty ImagesTeens are a notoriously fickle bunch — but the group is also often on the leading edge of many trends the rest of us eventually adopt.In many ways, the cohort's...
Supreme Court won’t hear challenge to FDA rejection of flavored vapes
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California.Justin Sullivan | Getty ImagesThe Supreme Court on Tuesday declined to hear arguments in a case challenging the Food and Drug Administration's authority to reject approvals of flavored electronic...
‘Shark Tank’ star Daymond John hosts Black Entrepreneurs Day
Daymond John attends the 2023 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts in Beverly Hills, California, on March 12, 2023.Leon Bennett | Filmmagic | Getty Images"Shark Tank" star Daymond John is looking to give...
PepsiCo (PEP) Q3 2023 earnings
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023.David Paul Morris | Bloomberg | Getty ImagesPepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations and raised its outlook for its full-year...
Canadian Unifor autoworkers union strikes General Motors
Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada's largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022.Richard Lautens | Toronto Star | Getty ImagesDETROIT — Labor strikes are now an international...
Hispanic inclusion in corporate America lagged in 2022, new survey
Hispanic inclusion in corporate America lagged last year, particularly in three key areas — C-suite representation, talent development and supplier procurement — according to the Hispanic Association on Corporate Responsibility's 2023 Corporate Inclusion Index.While...
Hollywood writers ratify new contract with studios
Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023Alexi Rosenfeld | Getty Images Entertainment | Getty ImagesThe Writers Guild of America has officially...
Believer’ faces competition from Taylor Swift Eras film
Scene from the upcoming film: The Exorcist: Believer.Universal Studios"The Exorcist: Believer" possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come.The Universal and Blumhouse...
Cruise prices rise as operators meet surging travel demand
Carnival's Breeze cruise ship leaves the Port of Miami.Christina Mendenhall | Bloomberg | Getty ImagesAs vacationers emerge into a post-pandemic travel world, cruises have made a spectacular comeback – and ticket prices are surging.Cruise operators like Carnival and...
UAW members to strike Mack Trucks after voting down tentative deal
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday...
Airlines cancel flights, tours scramble
People wait in departing section at Ben Gurion Airport, Israel's only international airport, after many flights from abroad are cancelled due to the attacks launched by Palestinian factions in Tel Aviv, Israel on October 8, 2023.Turgut Alp Boyraz | Anadolu Agency |...
Nelson Peltz increases Disney stake, reignites potential proxy battle
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCA proxy battle between Nelson Peltz and Disney is brewing for the second time this year.Peltz's activist firm, Trian Fund Management, has increased its stake...
U.S. investors seek edge in European soccer
Liverpool's Curtis Jones celebrates scoring their side's second goal of the game during the Premier League match at the King Power Stadium, Leicester. Picture date: Monday May 15, 2023.Tim Goode | Pa Images | Getty ImagesFor U.S. investors looking to score an...
Mexican tequila and beers Don Julio, Modelo boom in the U.S.
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty ImagesPeople in the U.S. are drinking less alcohol than they used to, but when they do indulge, they're more likely than ever to...
Novavax Covid vaccine can still catch up to Pfizer, Moderna 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 ImagesAmericans can finally get their hands on Novavax's...
UAW, Mack Trucks workers to vote on deal
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023.Rebecca Cook | ReutersDETROIT — United Auto Workers members with Volvo Group-owned Mack Trucks will vote this weekend on a tentative...
Where big investors are hiding amid choppy markets
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010.Daniel Acker | Bloomberg | Getty ImagesInvestors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused...
UAW will not expand strikes this week at GM, Ford, Stellantis
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers will not expand strikes against the Detroit automakers this week amid...
Amazon set to launch Project Kuiper satellite internet prototypes
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida,...
Clorox, MGM Resorts deal with cyberattack fallout
cyano66 | iStock | Getty ImagesIt has been a very eventful couple of weeks for cyberattack-related news.It all kind of started Wednesday of last week when Johnson Controls revealed it had been hit by a cyberattack. The company warned it "experienced disruptions in...
NBA can shift balance of power in media with rights deal
Jimmy Butler #22 of the Miami Heat dribbles against Jamal Murray #27 of the Denver Nuggets during the fourth quarter in Game Five of the 2023 NBA Finals at Ball Arena on June 12, 2023 in Denver, Colorado.Justin Edmonds | Getty Images Sport | Getty ImagesThe National...
Streaming companies chase Spanish-language sports rights
Roberto Firmino of Liverpool shoots whilst under pressure from Eder Militao of Real Madrid during the UEFA Champions League Quarter Final Second Leg match between Liverpool FC and Real Madrid at Anfield on April 14, 2021 in Liverpool, England.Shaun Botterill | Getty...
Hyundai and Kia adopt Tesla’s electric vehicle charging
TESLA logo on a charging station on May 26, 2023.Harry Langer | Defodi Images | Getty ImagesHyundai Motor and Kia announced Thursday they will soon adopt Tesla's electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States.Hyundai and...
Arizona Coyotes local games move to broadcast from cable
Barrett Hayton #29 of the Arizona Coyotes skates against the Dallas Stars at the American Airlines Center on December 6, 2021 in Dallas, Texas.Glenn James | National Hockey League | Getty ImagesThe Arizona Coyotes are skating to a new TV home for local games –...
Taylor Swift Eras Tour film surpasses $100 million in ticket sales
Taylor Swift: The Eros Tour movie promotional imageTaylor Swift's Eras Tour concert film is already a $100 million blockbuster — and it hasn't even hit theaters yet.AMC announced Thursday that global advance ticket sales for the pop singer's movie surpassed the...
Reusable rocket startup Stoke Space raises $100 million
The company's prototype vehicle "Hopper2" flies during a low-altitude launch and landing demonstration on Sept. 17, 2023 in Moses Lake, Washington.Stoke SpaceWashington-based startup Stoke Space raised $100 million in new funds, the company announced Thursday, as it...
Levi Strauss (LEVI) earnings Q3 2023
Levi's 501 blue jeans on display.Sean Gallup | Getty ImagesLevi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street's quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers...
Why borrowing costs for nearly everything are surging
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023.SAUL LOEB | GettyViolent moves in the bond market this week have hammered investors...
GM’s stock falls amid strikes, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors' stock price fell below $30 a share Thursday for the first time in more than three years...
Weight loss drugs Wegovy, Ozempic may be linked to stomach paralysis
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 ImagesBlockbuster weight loss and diabetes drugs like Wegovy and...
Constellation Brands (STZ) earnings Q2 2024
Constellation Brands on Thursday reported earnings and revenue that topped analysts' expectations for its fiscal second quarter of 2024.The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer...
Clorox shares slide after company says cyberattack hit sales
Clorox disinfecting wipes are seen displayed for sale at a Walmart Supercenter in Austin, Texas, on Sept. 18, 2023Brandon Bell | Getty ImagesShares of Clorox fell more than 8% Thursday, the morning after the company said an August cyberattack significantly weighed on...
Lucid’s shares fall after launch of cheaper Air EV
The Lucid Air Pure is the least-expensive version of Lucid's electric Air luxury sedan.Meghan Reeder | CNBCShares of Lucid Group were lower in early trading on Thursday after the company launched a cheaper version of its Air electric luxury sedan in a bid to stoke...
Rivian shares sink after EV maker announces $1.5 billion raise
Shares of Rivian Automotive were sharply lower in early trading on Thursday, after the company surprised investors with a plan to offer $1.5 billion in convertible notes.It also provided a preliminary estimate of its third-quarter revenue that was in line with Wall...
Rolls-Royce CEO Torsten Muller-Otvos retires
Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years.Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce...
Tiger Woods and Rory McIlroy TGL golf league to air on ESPN
Rory McIlroy shakes hands with Tiger Woods on the 18th green after they completed a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club in Augusta, Georgia, April 3, 2023.Christian Petersen | Getty ImagesDisney's ESPN has nabbed the...
Dungeons & Dragons grows into whiskey, furniture and candles
Inside the storefront of Cantrip Candles in Hollywood, CA.Sarah Whitten | CNBCIt's not every day that a spilled beer can start a company. But that's exactly how Christoff Visscher got the idea for Cantrip Candles.An avid Dungeons & Dragons fan, Visscher was...
‘The Exorcist: Believer’ attracts Hispanic audiences
Still from the set of "The Exorcist: Believer."Courtesy: Universal StudiosTake it on faith. The new "Exorcist" movie will draw big Hispanic audiences.Universal is seeing stronger-than-average Hispanic interest for "The Exorcist: Believer" as the movie heads into its...
Popeyes overtakes KFC as No. 2 chicken chain, Chick-fil-A stays on top
A Popeyes restaurant is seen in Washington, D.C.Eric Baradat | AFP | Getty ImagesPopeyes has overtaken KFC as the No. 2 chicken chain in the U.S., a decade after Chick-fil-A first unseated KFC from the top spot.Chicken chains' battle for stomachs — and dollars — has...
Tilray Brands’ revenue jumps, losses narrow
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry.The company reported $177 million in net revenue, up 15% year over year, for its fiscal first quarter. Its cannabis division...
Clorox says sales and profit took a big hit from cyberattack
Clorox on Wednesday warned that its sales and profit took a big hit during the quarter ending Sept. 30, largely due to the after effects of a cyberattack that significantly affected operations.The bleach and cleaning products maker said it expects net sales to...
GM secures new $6 billion credit line as UAW strike costs $200 million
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union."The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the...
Disney discounting child tickets at domestic parks
Visitors can avoid lines at Disney World if they buy into the system.Joseph Prezioso | Anadolu Agency | Getty ImagesIt's about to be cheaper for families to visit Disney's domestic theme parks.The Walt Disney Company on Wednesday announced new, limited time discounts...
Ford reports 7.7% increase in third-quarter sales
United Auto Workers members strike at the Ford Michigan Assembly Plant on September 15, 2023 in Wayne, Michigan. Bill Pugliano | Getty ImagesDETROIT – Ford Motor's third-quarter U.S. new vehicle sales increased 7.7% compared to a year earlier, driven by increased...
Moderna combination Covid, flu vaccine shows positive data
Artur Widak | Nurphoto | Getty ImagesModerna on Wednesday said its combination vaccine targeting Covid and the flu will move to a final stage trial in adults ages 50 and above this year after showing positive results in an early to mid-stage study.The biotech company...
Mortgage demand falls to lowest level since 1996
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesMortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the...
United Airlines buys 110 additional Boeing, Airbus
A Boeing 787 Dreamliner operated by United Airlines takes off at Los Angeles International Airport (LAX) on January 9, 2013 in Los Angeles, California.David McNew | Getty ImagesUnited Airlines is ordering 110 additional Boeing and Airbus jetliners, locking in a supply...
FDA authorizes Novavax updated Covid vaccine
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration on Tuesday authorized Novavax's updated Covid vaccine for emergency use in people ages 12 and up, putting the shot on...
Mortgage rate heads toward 8%
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida.Joe Raedle | Getty ImagesThe average rate on the popular 30-year fixed mortgage rose to 7.72%...
GM third quarter sales jump 21% as UAW strike slowly expands
United Auto Workers (UAW) members and supporters on a picket line outside the General Motors Co. Flint Processing Center in Swartz Creek, Michigan, US, on Monday, Sept. 25, 2023. Emily Elconin | Bloomberg | Getty ImagesDETROIT – An ongoing strike by the United Auto...
Manhattan luxury apartments are in short supply, driving up prices
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York.Michael Nagle | Bloomberg | Getty ImagesA shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader...
Krispy Kreme puts Insomnia Cookies up for sale
In this photo illustration, a Krispy Kreme glazed doughnut is shown on May 12, 2022 in Daly City, California.Justin Sullivan | Getty ImagesKrispy Kreme is exploring strategic alternatives, including an all-cash sale, of its majority stake in Insomnia Cookies, the...
Macy’s to open up to 30 new stores in strip malls
Macy's is opening more small-format stores across the country. They are roughly one fifth the size of its typical locations.Macy'sMacy's on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out...
Chipotle tests automation for burrito bowls and salads
A finished burrito bowl assembled by Chipotle and Hyphen's automation technology.Source: Chipotle Mexican GrillChipotle Mexican Grill is testing whether automation can make customers' burrito bowls and salads.It's the second time the burrito chain has publicly...
Beyonce Renaissance concert film to boost box office
Beyoncé performs onstage during the "RENAISSANCE WORLD TOUR"Kevin Mazur | Getty Images Entertainment | Getty ImagesMovie theaters will become a Bey Hive this December.Hot off the heels of a distribution deal to bring Taylor Swift's filmed Eras Tour to cinemas, AMC...
FCC enforces first space debris penalty in Dish Network settlement
Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C.Andrew Kelly | ReutersThe Federal Communications Commission announced a settlement with Dish Network on Monday in the regulator's first penalty related to space debris.Dish...
Drugmakers agree to Medicare drug price negotiations: What’s next
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersAll drugmakers of the first 10 medicines selected for Medicare drug price negotiations have agreed to participate in the...
Oddity Tech expects Q3 2023 sales to grow up to 31%
Oddity Il MakiageCoutesy: OddityOddity Tech released preliminary third-quarter results on Monday that show expected revenue growth of 29% to 31%, driven by repeat sales at its Il Makiage and Spoiled Child brands.The newly public retailer, which started trading on the...
Late night shows return, actors restart strike negotiations
Host Seth Meyers during Corrections on April 7, 2023.Lloyd Barrell | Nbcuniversal | Getty ImagesNow that the Hollywood writers' strike is over, late night hosts are preparing their first opening monologues since May, and actors are going back to the negotiating table...
Sphere Entertainment stock jumps after U2 performs at Las Vegas venue
The Sphere is seen during the opening night with U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas, Nevada, United States on September 29, 2023. Tayfun Coskun | Anadolu Agency | Getty ImagesSphere Entertainment shares soared more than 10% Monday...
Fast-food drive-thru lanes speed up as fewer drivers wait in line
Chick-fil-A had the slowest average drive-thru experience in 2022, but the highest customer satisfaction.Jeff Greenberg | Universal Images Group | Getty ImagesFast-food drive-thru lanes are speeding up as fewer customers choose to order their meals and milkshakes...
Rivian (RIVN) Q3 2023 deliveries outperform
The Rivian name is shown on one of the company's new electric SUV vehicles in San Diego, California, Dec. 16, 2022.Mike Blake | ReutersRivian Automotive on Monday reported record third-quarter electric vehicle deliveries and said it remains on track to produce 52,000...
Kellanova bets on snacking as Ozempic, Wegovy take off
The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on Monday, Feb. 24, 2020.Chona Kasinger | Bloomberg | Getty ImagesFor more than a century, frosted cornflakes have been the backbone of...
JetBlue raises flight attendant pay, union backs Spirit merger
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York.Fred Prouser | ReutersJetBlue Airways said it will raise flight attendant pay next year and provide other bonuses to staff while the union representing cabin...
Judge denies request to block
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersA federal judge on Friday declined to block the Biden administration from implementing Medicare drug price negotiations,...
Blue Apron to be acquired by Wonder Group for $103 million
Scott Eisen | Getty Images News | Getty ImagesMeal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million.The deal, at $13 per share, represents a...
Citigroup CEO sees cracks emerging among consumers
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.The third-largest U.S. bank by assets has been monitoring its credit card customers for signs of distress, Fraser told CNBC's...
Ford CEO Farley says UAW is holding up talks over EV battery plants
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – The United Auto Workers union is holding up negotiations with Ford Motor over future EV battery...
United Airlines pilots approve contract with up to 40% raises
Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty ImagesUnited Airlines pilots approved a new contract with compensation increases of as much as 40.2% over the...
Obesity pill data boosts Structure Therapeutics shares
Aykut Karahan | Istock | Getty ImagesShares of Structure Therapeutics rose more than 30% on Friday after the biotech startup's experimental obesity pill succeeded in a small early-stage trial. The once-daily drug helped overweight or obese participants reduce up to 10...
Toys R Us to open new U.S. stores, and airport and cruise ship shops
Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season.The toy retailer's parent company, WHP...
UAW announces new strikes at GM and Ford plants, sparing Stellantis
DETROIT – The United Auto Workers union will expand strikes against General Motors and Ford Motor to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday.The additional strikes will target Ford's Chicago Assembly in Illinois, which produces the...
Obesity, diabetes drug ad spending hit nearly $500 million: report
A view of a plastic model of a stomach during an interview with Doctor Thomas Horbach, specialist in surgery, visceral surgery and nutritional medicine on Novo Nordisk, which will start selling its hugely popular obesity drug Wegovy in Germany later this month, in...
Blue Origin, Sierra Space Orbital Reef space station in limbo
A rendering of the "Orbital Reef" space station in orbit.Blue OriginThe Orbital Reef space station partnership between Jeff Bezos' Blue Origin and Sierra Space is on rocky footing, CNBC has learned.The companies announced Orbital Reef as a co-led project in 2021, but...
Endeavor, Fenway Sports consider PGA Tour investment
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017.Fred Kfoury | Icon Sportswire | Getty ImagesThe PGA Tour is attracting potential outside investors — some of which are...
GameStop’s survival demands ‘extreme frugality,’ CEO tells employees
A GameStop location on 6th Avenue in New York on March 23, 2021.View Press | Corbis News | Getty ImagesJust hours after being named GameStop's CEO, Ryan Cohen sent out a memo to employees Thursday that emphasized he will take dramatic steps to ensure the struggling...
Nike (NKE) earnings Q1 2024
Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading.Here's how the sneaker giant performed during its...
Automakers grow frustrated as new deadline looms
Striking members of the United Auto Workers (UAW) picket outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, U.S., September 26, 2023.Evelyn Hockstein | ReutersDETROIT – Tensions are rising and accusations are flying between the...
NFL concerned about ads on white nationalist accounts
Harun Ozalp | Anadolu Agency | Getty ImagesThe National Football League on Thursday responded to a recent report that pointed out its ads were placed on white nationalist feeds on Elon Musk's social media platform, X."NFL unequivocally denounces any form of hate...
Player purchases are only the first step in strategy
The big-spending Saudi Pro League is aiming to build its global broadcasting presence and become one of the top 10 soccer leagues in the world, its chief operating officer, Carlo Nohra, told CNBC on Thursday.The league dominated the sports headlines over the summer as...
Delta CEO says carrier went ‘too far’ in SkyMiles changes, promises modifications after frequent flyer backlash
Delta Air Lines Boeing 717-200 airplane as seen on the final approach landing at New York JFK John F. Kennedy International Airport, NYC, USA.NurPhoto / ContributorDelta Air Lines CEO Ed Bastian said the airline will make "modifications" in the next few weeks to its...
FAA closes investigation into Blue Origin’s New Shepard rocket failure
The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster's engine failed.Blue OriginThe Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin, the...
Peloton shares soar on partnership with Lululemon
Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California.Ezra Shaw | Getty ImagesPeloton and Lululemon are joining forces.The two companies announced a five-year partnership Wednesday that will bring Peloton's content to Lululemon's...
AstraZeneca, Bristol Myers Squibb in Medicare drug price negotiations
In this photo illustration, Farxiga is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesAstraZeneca, Bristol Myers Squibb and Boehringer Ingelheim on Wednesday told CNBC they will agree to...
SpaceX wins first Pentagon contract for Starshield
An uncaptioned image posted on the company's website appears to show Starshield technology in orbit.SpaceXThe Pentagon has awarded Elon Musk's SpaceX its first confirmed contract for the Starshield network it's developing, a military-specific version of the company's...
UAW threatens to expand strikes again at GM, Ford, Stellantis
Members of the United Auto Workers (UAW) Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on September 26, 2023, to show solidarity for the "Big Three" autoworkers currently on...
Ozempic, Wegovy drug prescriptions hit 9 million
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | ReutersU.S. health care providers wrote more than nine million...
Higher orange juice prices as futures hit another record
Coca-Cola Co.'s Minute Maid and Simply Orange brand orange juices sit on display in a supermarket in Princeton, Illinois.Daniel Acker | Bloomberg | Getty ImagesOrange juice is the latest item to succumb to higher prices at the grocery store, with futures on the...
UAW strikes threaten already vulnerable auto parts suppliers
Members of the United Auto Workers union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on Sept. 20, 2023.Bill Pugliano | Getty ImagesAs the United Auto Workers' strike against Ford Motor, General Motors and Stellantis moves...
Hollywood writers strike to end on Wednesday as WGA, AMPTP in deal
Striking WGA (Writers Guild of America) members picket with striking SAG-AFTRA members outside Paramount Studios on September 18, 2023 in Los Angeles, California.Mario Tama | Getty ImagesHollywood writers and studios have finalized the language of a tentative contract...
Mortgage demand shrinks as interest rates hit nearly 23-year high
Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images News | Getty ImagesMortgage interest rates just hit a level not...
U.S. Latino economic output grows to $3.2 trillion, new study says
Spectators cheer during Puerto Rican Day Parade in New York. Thousands of people lined both sides of Fifth Avenue for the annual parade, which recognizes the achievements and influence of Puerto Ricans and Latinos in the city.Eric Thayer | ReutersThe U.S. Latino...
Marijuana financing bill SAFER Banking to move forward in Congress
Senator Jeff Merkley, a Democrat from Oregon, speaks during a news conference at the U.S. Capitol in Washington, D.C., on Jan. 25, 2020.Zach Gibson | Bloomberg | Getty ImagesA new bill that aims to give the marijuana industry access to banking services is expected to...
Target says it will close nine stores, citing violence and theft
A Target department store in North Miami Beach, Florida, on May 17, 2023.Joe Raedle | Getty ImagesTarget said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime.The company will close one store...
Peloton co-founder Tom Cortese leaving company
People walk past a Peloton store in Coral Gables, Florida, on Jan. 20, 2022.Joe Raedle | Getty ImagesPeloton co-founder and Chief Product Officer Tom Cortese is leaving the company and will be replaced by longtime Silicon Valley veteran Nick Caldwell, the company...
Costco (COST) earnings Q4 2023
Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for groceries but bought fewer big-ticket items.On an earnings call, Chief Financial Officer Richard Galanti said shoppers made more trips...
Barry Diller says fair use needs to be redefined to address AI
Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with generative artificial intelligence.Diller, chairman of IAC and Expedia, called for the law to be redefined to...
Organized retail crime and theft not increasing much, NRF study finds
Locked up toothpaste to prevent shoplifting are seen at a Duane Reade drugstore and pharmacy on August 24, 2023 in New York City.Angela Weiss | Afp | Getty ImagesRetail theft has caught the attention of the masses in recent years, from startling smash-and-grab videos...
Working women health-care costs far outpace men, study says
Luis Alvarez | Digitalvision | Getty ImagesHigh health care costs are hitting women in the U.S. workforce much harder than men.Working women spend $15.4 billion more in out-of-pocket health expenses annually compared to their male counterparts, according to a new...
New home sales fall in August
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022.The Census count is based on...
UPS to hire 100,000 holiday workers with Teamsters pay bump
A UPS worker sorts packages in New York on Dec. 18th, 2017.Adam Jeffery | CNBCUPS plans to hire more than 100,000 seasonal workers again this year to support the holiday shipping rush, the company announced Tuesday in a press release. This year, though, they'll be...
Fast fashion resale programs do little to reduce emissions, study says
A worker makes clothes at a garment factory that supplies Shein, in Guangzhou, China. Shein is set to produce goods in Brazil for the Latin American market, instead of shipping them from China.Jade Gao | AFP | Getty ImagesFast-fashion retailers like Zara, Shein and...
Biden, Trump seek blue-collar votes in Michigan
United Auto Workers from Louisville Kentucky rally in support of striking UAW members, in Detroit, Michigan, September 15, 2023.Rebecca Cook | ReutersDETROIT – Strikes by the United Auto Workers union against General Motors, Ford Motor and Stellantis will get the...
Professional Pickleball, Tennis Channel deepen media partnership
Carvana PPA TourCourtesy: Carvana PPA TourProfessional Pickleball is getting a dedicated home: The Tennis Channel.The PPA Tour and Tennis Channel announced on Tuesday they are teaming up via a joint venture in a push to further grow and popularize the sport that has...
Nissan says all new models launched in Europe will be fully electric
Japanese carmarker Nissan announced Monday that all new models it launches in Europe will be fully electric, as it reaffirmed its aim for solely electric vehicle sales on the continent by 2030.It said it was "pressing ahead" with the existing target just a week after...
Tour inside Manhattan’s newest members-only club
A battle between elite membership clubs is about to reach a whole new level, as Core Club's new 60,000-square-foot megaclub prepares to open in Manhattan next month.The new Core space, spread over four floors above Midtown, is the latest in a wave of elite membership...
Pfizer restarts production at tornado damaged plant in North Carolina
In this aerial image, damage is seen at a Pfizer pharmaceutical factory after a tornado hit the facility two days earlier, in Rocky Mount, North Carolina, July 21, 2023.Sean Rayford | Getty ImagesPfizer on Monday said it has restarted most production lines at a drug...
Movie theater shares pop on tentative WGA labor deal
The AMC 25 and Regal Cinemas on 42nd Street in Times Square, New York.Richard Levine | Corbis | Getty ImagesMovie theater shares popped Monday following news of a tentative labor deal between the Writers Guild of America and the Alliance of Motion Picture and...
Pickleball noise remedies in the works
People play pickleball at Central Park in New York City on April 8, 2023.Wang Fan | China News Service | Getty ImagesAmerica's fastest-growing sport is looking to be … quieter?The governing body of the sport, USA Pickleball, announced on Monday a new initiative to get...
Blue Origin CEO Bob Smith resigns, replaced by Amazon exec Dave Limp
Bob Smith, chief executive officer of Blue Origin LLC, (L), and Dave Limp, senior vice president of devices and services for Amazon.com Inc.Getty ImagesJeff Bezos' Blue Origin will replace CEO Bob Smith with outgoing Amazon executive Dave Limp, CNBC has learned.Smith...
Sierra Space fundraising nearly $300 million at $5 billion valuation
Artist's rendering of Sierra Space's Dream Chaser space plane in this undated handout obtained March 25, 2022.Sierra Space | via ReutersSierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300...
Merck Covid drug linked to virus mutations, study says
A worker handles a bottle of Merck & Co. and Ridgeback Biotherapeutics LPs Molnupiravir antiviral medication in a warehouse in Shoham, Israel, on Jan. 18, 2022. A fourth dose of the Pfizer-BioNTech vaccine was insufficient to prevent infection with the omicron...
WGA reaches tentative deal with studios
Striking members of the Writers Guild of America and supporters march towards La Brea Tar Pits, Los Angeles, CA. Irfan Khan | Los Angeles Times | Getty ImagesHollywood's writers and studios have a preliminary labor agreement.Talks between the Writers Guild of America...
UAW strike expands to 38 more facilities at GM and Stellantis
DETROIT – The United Auto Workers is expanding strikes to 38 parts and distribution locations across 20 states for General Motors and Stellantis, UAW President Shawn Fain said Friday morning.The union will not initiate additional strikes at Ford Motor, as the company...
Automakers question UAW strike motives after leaked messages
UAW President Shawn Fain (center) marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan.Bill Pugliano | Getty ImagesDETROIT – Major...
Amazon Prime Video ads start in 2024
Rafael Henrique | Lightrocket | Getty ImagesAds are coming to Amazon's Prime Video.The company announced Friday that its streaming service – a part of Prime subscriptions that cost $14.99 a month – will now have limited ads in its TV series and movies. Advertising on...
McDonald’s to raise royalty fees for new franchised restaurants
A McDonald's golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants.Paul Weaver | Lightrocket | Getty ImagesMcDonald's franchisees who add new restaurants will soon have to pay higher royalty fees.The fast-food giant is raising those...
Top issues and where GM, Ford and Stellantis stand
(L-R) Supporter Ryan Sullivan, and United Auto Workers members Chris Sanders-Stone, Casey Miner, Kennedy R. Barbee Sr. and Stephen Brown picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesDETROIT — With a deadline for...
Saudi Crown Prince Mohammed bin Salman says he will keep sportswashing
Saudi Arabian Crown Prince Mohammed bin Salman Al Saud attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. Evelyn Hockstein | ReutersSaudi Arabia's Crown Prince Mohammed bin Salman...
WWE’s SmackDown to return to NBCUniversal’s USA Network
Shinsuke Nakamura and Karrion Kross wrestle during the WWE SmackDown at Coliseo de Puerto Rico José Miguel Agrelot on May 05, 2023 in San Juan, Puerto Rico.(Gladys Vega | Getty Images Sport | Getty ImagesWWE's "Friday Night SmackDown" will return to USA Network in...
Home sales stick near recent lows in August while prices climb
A "For Sale" sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units,...
Hollywood studios, writers near agreement to end strike, hope to finalize deal Thursday, sources say
Writers and producers are near an agreement to end the Writers Guild of America strike after meeting face-to-face on Wednesday, people close to the negotiations told CNBC's David Faber on Wednesday.The two sides met and hope to finalize a deal Thursday, the sources...
Darden Restaurants (DRI) Q1 2024 earnings
A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Thursday reported earnings and revenue that topped analysts' expectations in its first quarter as...
Adidas CEO Gulden says Kanye West didn’t mean antisemitic remarks
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas CEO Bjorn Gulden defended Ye, the artist formerly known as Kanye West, and said the rapper didn't mean it when he made a series of antisemitic remarks.In a...
U.S. will again offer free at-home Covid tests starting Monday
COVID-19 home test kits are pictured in a store window during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, January 19, 2022.Carlo Allegri | ReutersThe Biden administration on Wednesday said it will resume offering...
Anheuser-Busch to stop cutting off Clydesdale horse tails
Budweiser Clydesdales handler walks several Clydesdales poor to bathing the horses at Houston Polo Club before this weeks Clydesdale appearances Monday, March 31, 2014, in Houston.James Nielsen | Houston Chronicle via Getty ImagesAnheuser-Busch InBev said it will no...
General Motors, Stellantis announce layoffs
United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023.Emily Elconin | Bloomberg | Getty ImagesGeneral Motors and Stellantis said that they have laid off additional workers...
Some patients see insurance coverage delays
Pharmacist Ani Martirosyan administers an immunization to a patient at a CVS on Tuesday, Sept. 12, 2023 in Glendale, CA.Brian Van Der Brug | Los Angeles Times | Getty ImagesThe rollout of a new round of Covid vaccines in the U.S. is off to a bumpy start as some...
Kraft recalls Singles American cheese slices over choking hazard
Packages of Kraft Foods' Singles cheese slices are displayed at a supermarket in New York.Scott Eells | Bloomberg | Getty ImagesKraft Heinz recalled nearly 84,000 cases of Kraft Singles cheese slices on Tuesday after multiple customers reported a choking hazard.The...
Philip Morris considers selling stake in pharmaceuticals unit
In this photo illustration a Vectura Group plc logo is seen on a smartphone and a pc screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesPhilip Morris International is considering selling off a stake in its largest pharmaceuticals unit.The tobacco company,...
GM slams UAW rhetoric on day six of strike
Breaking with the long-standing tradition of the "handshake ceremony" with the auto executives of the Big Three auto makers to open contract talks, United Auto Workers president Shawn Fain instead speaks with and does "members' handshakes" with Stellantis workers at...
Walmart opens pet center with veterinary care and grooming
Walmart is piloting a pet services center in a suburb of Atlanta, but plans to open more locations in other parts of the country.WalmartWalmart is opening a dedicated pet services center, signaling it wants to be a place that customers turn to for veterinarian visits...
SpaceX countersues DOJ in hiring discrimination case
SpaceX headquarters in Los Angeles, California.AaronP/Bauer-Griffin | GC Images | Getty ImagesElon Musk's SpaceX sued the U.S. Department of Justice in a Texas federal court, as the company aims to stop the DOJ's hiring discrimination case on constitutional...
Ford faces possible Canadian strike amid UAW work stoppage
2023 Ford Super Duty F-350 LimitedFordDETROIT — Ford Motor's labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600...
Eli Lilly sues clinics allegedly selling knockoff versions of Mounjaro
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023.George Frey | ReutersEli Lilly on Tuesday sued 10 medical spas, wellness clinics and...
Live sports come to Max Warner Bros. Discovery streaming platform
Los Angeles Dodgers center fielder Cody Bellinger (35) steals second base as St. Louis Cardinals second baseman Tommy Edman (19) takes the late throw at Dodger Stadium in the 2021 National League Wild Card game.Robert Hanashiro | USA TODAY SportsSports are coming to...
Kevin Durant’s Boardroom launches advisory firm
NBA player Kevin Durant attends a 2023 FIBA World Cup exhibition game between Puerto Rico and the United States at T-Mobile Arena on August 07, 2023 in Las Vegas, Nevada.Ethan Miller | Getty ImagesNBA superstar Kevin Durant and business partner Rick Kleiman on Tuesday...
Uninsured Americans can find free Moderna, Pfizer shots
Pharmacist Aaron Sun administers new vaccine COMIRNATY® by Pfizer, to Jimmy Smagula at CVS Pharmacy in Eagle Rock, CA.Irfan Khan | Los Angeles Times | Getty ImagesUninsured Americans can now get the newest Covid vaccines for free at certain locations across the...
UAW will strike at more U.S. auto plants if serious progress isn’t made
Blue Cross Blue Shield employees show their support to members of the United Auto Workers (UAW) union as they march through the streets of downtown Detroit following a rally on the first day of the UAW strike in Detroit, Michigan, on September 15, 2023. Matthew...
EV charging needs big improvements in U.S.
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019.Mark Blinch | ReutersThere's a looming problem with the auto industry's grand EV plans.Automakers are...
Rocket Lab stock drops after first Electron launch failure in years
The company's Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022.Rocket LabRocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning.The company...
Gary Player says government should stay out of sports
Legendary golfer Gary Player thinks government and sports shouldn't mix, as the golf world goes through a major merger that has triggered antitrust concerns.Speaking to CNBC at the Berenberg Invitational on Monday, the South African golfer said the two have become...
New York cracks down on illegal marijuana stores
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis.Spencer Platt | Getty Images News | Getty ImagesNew York officials are ramping up efforts to stop the...
WGA strike: Negotiations resume this week
Members of the Writers Guild of America East are joined by SAG-AFTRA members as they picket at the Warner Bros. Discovery NYC office on July 13, 2023 in New York City.Michael M. Santiago | Getty ImagesThe Writers Guild of America said Monday that the union will resume...
Stellantis could close 18 facilities under deal
United Auto Workers members attend a solidarity rally as the UAW strikes the Big Three automakers on September 15, 2023 in Detroit, Michigan.Bill Pugliano | Getty ImagesDETROIT — The most recent contract proposal by automaker Stellantis to the United Auto Workers...
Americans plan to cut spending through holidays, survey says
U.S. consumers have cut back on spending this year, and they plan to continue to do so through the holidays, a new CNBC-Morning Consult survey has found.The vast majority of adults (92%) have reduced their spending over the past six months, according to a poll fielded...
Morgan Stanley uses ChatGPT to help financial advisors
Shannon Stapleton | ReutersMorgan Stanley has officially kicked off the generative AI era on Wall Street.The bank plans to announce Monday that the assistant it created with OpenAI's latest generative AI software is "fully live" for all financial advisors and their...
Homebuilder sentiment goes negative for the first time in 7 months
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates.Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home...
Clorox says last month’s cyberattack is still disrupting production
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill.Daniel Acker | Bloomberg | Getty ImagesClorox on Monday warned of a material financial hit from ongoing production disruptions caused by a cyberattack last month.The company, which...
Disney asset sales will move media industry forward
Chief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City.Getty ImagesUsually when a person or company sells something, the primary...
Rimac Nevera EV review: Powerful, easy to drive
MALIBU, California – The most amazing thing about the $2.1 million Rimac Nevera is how easy it is to just get in and drive.The Nevera is an electric hypercar from Croatia. It sits low — very low — to the ground, and at first glance it looks like the simple act of...
Investing in Space: Industry enters new era
On site at the 2023 edition of the World Satellite Business Week conference in Paris, France.Michael Sheetz | CNBCCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC's...
UAW strike brings blue collar vs. billionaire battle, Bernie Sanders to Detroit
United Auto Workers President Shawn Fain speaks with the media and union members outside the UAW Local 900 headquarters across the street from the Ford Assembly Plant in Wayne, Michigan, Sept. 15, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – The United Auto...
McDonald’s advocacy group criticizes new California fast food bill
After California lawmakers passed a landmark fast-food bill, an independent advocacy group of McDonald's owners is pushing back against what it says will be a "devastating financial blow" to its franchisees in the state, according to a memo to its membership viewed by...
New York legal marijuana program expands retail licenses
A woman walks by a smoke shop in New York City that displays a marijuana leaf in the window, June 16, 2023.Spencer Platt | Getty Images News | Getty ImagesCoss Marte's marijuana dispensary in lower Manhattan has already cost him over $1 million, and it's not even open...
Planet Fitness shares sink after board ousts CEO
Chris Rondeau, CEO of Planet FitnessAdam Jeffery | CNBCIn a move that stunned investors and employees alike, Planet Fitness ousted company veteran Chris Rondeau from his post as CEO, the workout chain said Friday in a press release.The stock dropped 15% in the wake of...
Why Stellantis could face a longer UAW strike than Ford or GM
Supporters cheer as United Auto Workers members go on strike at the Ford Michigan Assembly Plant on September 15, 2023 in Wayne, Michigan. Bill Pugliano | Getty Images News | Getty ImagesThe United Auto Workers labor union launched targeted strikes against the three...
California fast food minimum wage deal: What to know
Flags are flown at a car caravan and rally of fast food workers and supporters for passage of AB 257, a fast-food worker health and safety bill, on April 16, 2021 in the Boyle Heights neighborhood of Los Angeles, California.Mario Tama | Getty ImagesFast-food workers...
Air Force Secretary Frank Kendall talks Elon Musk, Ukraine, China, AI
U.S. Air Force Secretary Frank Kendall does not shy away from commenting on controversy — even as it relates to the world's richest person and a key Department of Defense contractor.Kendall weighed in Tuesday after SpaceX CEO Elon Musk acknowledged withholding...
How to decide whether to get them together
Pharmacist Ani Martirosyan administers an immunization to a patient at a CVS on Tuesday, Sept. 12, 2023 in Glendale, CA. Brian Van Der Brug | Los Angeles Times | Getty ImagesFor the first time ever, vaccines for Covid, the flu and respiratory syncytial virus are...
Spirit expands pilot training pipeline with Liberty University
A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines on Thursday said it will partner with Liberty University, the 10th school that it's working with, to help beef up a pilot...
GM sweetens wage and benefits offer to workers
General Motors CEO Mary Barra talks with reporters following a meeting with lawmakers from Michigan and Ohio at the U.S. Capitol June 05, 2019 in Washington, DC.Chip Somodevilla | Getty ImagesDETROIT – General Motors is attempting to avoid a looming strike by the...
Everything you need to know
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union is...
JPMorgan to offer online payroll services
Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses.Courtesy: Kelly Boynton | GustoJPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll...
UAW strike hits Ford, GM, Stellantis plants
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023.Michael Wayland / CNBCDETROIT – Thousands of members of the United Auto Workers went on strike at three U.S. assembly plants of General...
More companies warn higher costs will eat into profits
An American Airlines 787 is loaded with cargo at Philadelphia International Airport.Leslie Josephs/CNBCMore companies are warning that a surge in the cost of fuel and employee pay hikes will eat into profits this quarter.Companies from aerospace manufacturers to...
Sweetgreen sued by New York workers for alleged racial discrimination
Workers prepare apples and avocados inside a Sweetgreen Inc. restaurant.Adam Glanzman | Bloomberg | Getty ImagesTen Sweetgreen employees are suing the salad chain, alleging racial discrimination at seven of its New York City restaurants.The lawsuit, filed Thursday in...
Kevin Hart tequila brand Gran Coramino sponsors Philadelphia Eagles
When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila brand co-founded by comedian, entrepreneur and Philadelphia native Kevin Hart."It's a big...
Ford CEO fires back at UAW leader as Thursday strike deadline looms
Ford CEO Jim Farley speaks with media after revealing the 2024 Ford F-150 for the Detroit auto show on Sept. 12, 2023.Michael Wayland / CNBCDETROIT – Ford Motor CEO Jim Farley rebuffed comments by United Auto Workers President Shawn Fain that the company is not taking...
Retailers are losing $100 billion a year from fraud: Riskified
Oscar Wong | Getty ImagesFor the last three years, Robert has used a different email address to take advantage of a Black Friday Hulu promotion that most recently offered new customers a yearlong subscription for just $1.99 a month instead of the usual $7.99 monthly...
Delta joins other airlines in cutting profit estimates on higher costs
Delta Air Lines airplanes at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021.Elijah Nouvelage | Bloomberg | Getty ImagesDelta on Thursday joined other carriers in trimming its profit estimates as costs...
Manhattan median rent remains at record high
A "For Rent" sign outside an apartment building in the East Village neighborhood of New York, US, on Tuesday, July 12, 2022.Gabby Jones | Bloomberg | Getty ImagesManhattan renters may have reached their "affordability threshold" in August, as median rents remained at...
Major League Pickleball, PPA merger back on
Lacy Schneemann of the Florida Smash returns a shot during a group play Major League Pickleball match against BLQK at Pickle & Chill in Columbus, Ohio, Oct. 15, 2022.Emilee Chinn | Getty ImagesAfter weeks of drama in professional pickleball, the PPA Tour and Major...
Former Starbucks CEO Howard Schultz steps down from board
Former Starbucks CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, March 22, 2017.Jason Redmond | AFP | Getty ImagesFormer Starbucks CEO Howard Schultz is stepping down from the coffee chain's board, the company said Wednesday."I look forward...
Delta makes it harder to get into airport lounges
Delta's new SkyClub at John F. Kennedy International Airport in New York.Leslie Josephs/CNBCDelta Air Lines is changing how customers can earn elite frequent flyer status and is making it harder for many American Express cardholders to get into the carrier's airport...
UAW auto strike negotiations: Where things stand
UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023Michael Wayland / CNBCDETROIT — The United Auto Workers and Detroit automakers remain far apart ahead of the union "likely" strategically striking the...
Marvel VFX artists unanimously vote to unionize
Mark Ruffalo as The Hulk in "Avengers: Endgame."Disney | MarvelHollywood, already gripped by two strikes, has some new union members.Marvel Studios' visual effects workers unanimously voted in favor of unionizing with the International Alliance of Theatrical Stage...
Detroit Auto Show NAIAS 2023 reveals from F GM STLA
DETROIT — Even as the ongoing negotiations between the three Detroit automakers and the United Auto Workers labor union overshadowed all else in the industry, some companies used this year's edition of the Detroit Auto Show to show off new and revamped models on...
UAW strikes against Detroit carmakers will happen without contracts
The United Auto Workers union will strike against the Detroit automakers if the sides don't reach labor deals by an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday on CNBC's "Squawk Box."Fain's comments came the morning after he outlined plans...
What you need to know
A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine's Southern Cooking in Chatham, Illinois, Dec. 30, 2021.Brian Cassella | Tribune News Service | Getty ImagesA new round of Covid vaccines is finally here in the U.S.The...
SpaceX no longer taking losses to produce Starlink satellite antennas
A Starlink satellite terminal, also known as a dish, setup in front of an RV.SpaceXPARIS – Elon Musk's SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step...
Citigroup CEO Jane Fraser reorganizes business
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and...
American Airlines, Spirit cut summer profit forecast on costs
An American Airlines plane sits at the gate at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on february 23, 2023Daniel Slim | Afp | Getty ImagesAmerican Airlines and Spirit Airlines on Wednesday joined other carriers in warning that higher...
Moderna flu vaccine shows promising phase three trial results
A nurse prepares a flu shot at Huntington Village Pediatrics, in Huntington, New York on December 8, 2021.Steve Pfost | Newsday | Getty ImagesModerna on Wednesday said its experimental mRNA-based flu vaccine produced a stronger immune response against four strains of...
Goldman Sachs is in the spotlight as Arm, Instacart test IPO market
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCThe return of large tech IPOs this week after a prolonged drought isn't just a test of investors' appetite for risky new offerings — it's a key moment for Wall Street's top advisor, Goldman...
CDC recommends updated Covid vaccines for ages 6 months and up
A vial of the Moderna coronavirus booster vaccine targeting BA.4 and BA.5 Omicron subvariants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, Sept. 8, 2022.Hannah Beier | ReutersThe Centers for Disease Control and Prevention on Tuesday recommended...
Ford to double F-150 hybrid pickup production as EV sales growth slows
2024 Ford F-150 PowerBoost Platinum hybridFordDETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles.Ford expects to increase sales of the V-6...
Decongestant phenylephrine doesn’t work, FDA advisors say
Cold and flu medicine including Nyquil sits on a store shelf on September 12, 2023 in Miami, Florida.Joe Raedle | Getty ImagesThe main ingredient used in many popular over-the-counter cold and allergy medications doesn't actually work to get rid of nasal congestion,...
TKO, the merged UFC-WWE, aspires to grow beyond fighting
Ultimate Fighting Championship and World Wrestling Entertainment executives decided to name their new publicly traded company TKO to honor the companies' expertise in fighting, but they have broader aspirations than just owning combat sports.TKO began trading on the...
Cannabis ETFs rise after HHS recommendation to reschedule marijuana
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Lisi Niesner | ReutersMarijuana-related ETFs are soaring in September as investors flood back...
Target strikes deal with jeweler Kendra Scott
Shoppers will soon see jewelry designed by Kendra Scott at about 150 Target stores. Most of the items will be under $40.TargetTarget said Tuesday that it has struck a deal with jeweler Kendra Scott to carry exclusive collections of earrings, bracelets and more, as it...
Wall Street sees potential upsides of UAW auto strikes
United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019.Michael Wayland / CNBCDETROIT – Many on Wall Street view potential strikes by United Auto Workers against the Detroit automakers as largely...
SpaceX near rocket market monopoly is ‘huge concern:’ Lazard banker
Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023.Michael Sheetz | CNBCPARIS – A Lazard investment banker sounded the alarm about the dominance...
UPS CEO Carol Tome sells investors on new Teamsters labor contract
UPS CEO Carol Tome introduces U.S. President Donald Trump for an event at a UPS facility at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., July 15, 2020. Jonathan Ernst | ReutersUPS CEO Carol Tome said the costs incurred by the company for...
Macy’s chain Bloomingdale’s taps Olivier Bron as its next CEO
Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesMacy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale...
McDonald’s to start focus groups with owners as part of civil rights audit
A McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCMcDonald's will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC.The fast...
DraftKings sorry for 9/11 bet offer on New York teams
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesSports gambling giant DraftKings apologized Monday for a bet parlay offer...
FDA approves new shots from Pfizer, Moderna
A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022.Vanessa Leroy | Bloomberg | Getty ImagesThe Food and Drug Administration on Monday approved...
Huge mistake to think economy will boom for years
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022.Ting Shen | Bloomberg | Getty ImagesJPMorgan Chase CEO...
Telesat buys SpaceX launches for Lightspeed internet satellites
A rendering of Telesat's low earth orbit broadband constellation.TelesatPARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies.Elon Musk's SpaceX signed a hefty deal with satellite operator Telesat, the companies...
Disney, Charter near carriage deal that would end cable blackout, sources say
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesThe blackout fight between cable giant Charter Communications and Disney appears to be coming to a close. Hours ahead of "Monday Night Football," which airs on Disney's pay-TV...
U.S. Export Import Bank working through $5 billion space pipeline
A Falcon Heavy rocket launches the Viasat-3 "Americas" satellite on May 1, 2023.SpaceXPARIS – The U.S. export credit agency is working through a $5 billion pipeline of applications related to the space industry, as companies look to fund projects in orbit in a tighter...
RTX to take $3 billion charge on Pratt & Whitney engine problem
Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | ReutersRTX said Monday that an engine manufacturing flaw forcing accelerated inspections will hit...
Smucker to buy Twinkie maker Hostess
Hostess Twinkies and CupCakes are displayed on a store shelf on May 17, 2021 in San Anselmo, California.Justin Sullivan | Getty ImagesJelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.Hostess shareholders will receive...
How Taylor Swift could change the movie theater industry
Taylor Swift pauses between songs during her first sold-out concert of three nights at AT&T Stadium in Arlington, Texas, in March.Fort Worth Star-telegram | Tribune News Service | Getty ImagesLOS ANGELES – Taylor Swift changed the music industry. Now she's coming...
Ozempic, Wegovy may curb drinking, smoking: What we know
An Ozempic (semaglutide) injection pen is seen on a kitchen table in Riga, Latvia on 06 August, 2023. Jaap Arriens | Nurphoto | Getty ImagesHeather Le Biller shed 9 pounds within the first week of taking Novo Nordisk's blockbuster diabetes drug Ozempic – and then even...
Supreme Court asked to decide abortion pill case
Mifepristone, also known as RU-486, is a medication typically used in combination with misoprostol to bring about a medical abortion during pregnancy and manage early miscarriage.Soumyabrata Roy | Nurphoto | Getty ImagesDrug company Danco Laboratories on Friday asked...
Apartment rents on verge of declining due to massive supply
Apartment rents have been cooling off sharply for several months, and they look like they're about to go negative compared with a year ago.Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year...
Stellantis offers pay increase to UAW, days before possible strike
Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023.Jeff Kowalsky | Bloomberg | Getty ImagesStellantis on Friday offered significant four-year wage increases...
Kroger (KR) earnings Q2 2023
Good news for consumers could be bad news for Kroger.As prices that shoppers pay for groceries stabilize or fall, the supermarket operator's sales are sagging.On Friday, the company posted fiscal second-quarter sales that missed Wall Street's expectations. The company...
FAA orders SpaceX to keep Starship grounded, take corrective action
The Federal Aviation Administration said Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch vehicle.The Washington Post | The Washington Post | Getty ImagesThe Federal Aviation Administration on Friday said Elon Musk's...
Used vehicle prices may have bottomed for 2023
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesDETROIT – Prices of wholesale used vehicles may have bottomed for the year, as Cox Automotive said prices last month increased for the first time since...
Kroger will pay up to $1.2 billion to settle most nationwide opioid claims
In this photo illustration, the Kroger Company logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesKroger on Friday said it has agreed to pay $1.2 billion to U.S. states, subdivisions and Native American tribes to settle...
How much shrink and retail theft cost Lowe’s, Target, Macy’s
Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York.Lindsey Nicholson | Universal Images Group | Getty ImagesA range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster...
Carl Icahn supports new Illumina CEO Thaysen after proxy fight
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCCarl Icahn on Thursday expressed his support for Illumina's new CEO Jacob Thaysen – a relief for the company as it tries to rebound from a bitter proxy fight with the...
Disney drops all but free speech claim in political retaliation suit against DeSantis
Disney on Thursday amended its federal lawsuit against Florida Gov. Ron DeSantis to focus solely on its First Amendment claim that the governor politically retaliated against the company.Disney last week had asked to drop its other claims in the case, which concern a...
Goldman Sachs CEO David Solomon hopeful about IPOs
The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told CNBC's David Faber.Firms including chip designer Arm and Instacart have filed to go public, and companies that are mulling listings will watch how those...
Walmart cuts starting pay for new hires who prepare online orders, stock shelves
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 |...
Steve Cohen invests in Tiger Woods Rory McIlroy golf startup TGL
New York Mets owner Steve Cohen speaks to the media before a game against the Milwaukee Brewers at Citi Field in New York City, June 28, 2023.Jim Mcisaac | Getty ImagesFinancier and Mets owner Steve Cohen has bought the founding rights to the New York team in Tiger...
Disney, Charter blackout fight persists as NFL season kicks off
Sopa Images | Lightrocket | Getty ImagesThe kickoff to the NFL season is Thursday night, and Charter Communications doesn't appear to be moving down the field in its negotiations with Disney.Last week, Charter and Disney's talks over contract fees spilled into the...
GM offers wage increases, hefty bonuses in UAW contract fight
UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan.Photo by Steve Fecht for ChevroletDETROIT – General Motors on...
British American Tobacco finalizes Russia exit
British American Tobacco has finalized its exit from Russia about 18 months after it pledged to do so in the wake of Moscow's invasion of Ukraine.The multinational cigarette maker said in a statement Thursday it agreed "to sell its Russian and Belarusian businesses in...
New York man Ryan Furtado killed ‘instantly,’ suit says
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California.Ezra Shaw | Getty ImagesThe family of a New York man claims he was killed by his Peloton bike just six months after buying it, but the company insists that his own...
Barbie wins summer box office, Taylor Swift might not save fall
A scene from "Barbie."Courtesy: Warner Bros.Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare such as "Barbie" and "Oppenheimer" that fueled the industry's haul of $4 billion, a 19% jump from last...
UAW leader says strike would send Biden a message
A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night."I think our strike can reaffirm to [Biden] of...
Airlines warn about spike in fuel costs, Southwest narrows revenue outlook
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada.Ethan Miller | Getty ImagesMajor U.S. airlines warned about a spike in jet fuel prices, adding to costs during...
Roku to lay off 10% of workforce, stock jumps
Roku products arranged in Hastings-On-Hudson, New York, US, on Tuesday, July 25, 2023.Tiffany Hagler-Geard | Bloomberg | Getty ImagesRoku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses.In a...
AMC shares fall as it announces plan to sell additional stock
Traders work on the floor of the New York Stock Exchange, Aug. 22, 2022.Brendan McDermid | ReutersShares of AMC Entertainment fell sharply in early trading Wednesday after the theater chain said in a filing that it plans to sell up to 40 million new shares to raise...
Record number of Americans to bet on NFL this season
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri.William Purnell | Icon Sportswire | Getty ImagesAs legalized sports...
Football, NFL shift toward streaming, away from regular TV
Aaron Rodgers, #8 of the New York Jets, warms up prior to the game against the New York Giants at MetLife Stadium in East Rutherford, New Jersey, Aug. 26, 2023.Mike Stobe | Getty ImagesOn any given Sunday, there will be more National Football League games available on...
Moderna says new Covid vaccine effective against BA.2.86 variant
Artur Widak | Nurphoto | Getty ImagesModerna's new Covid vaccine produced a strong immune response against BA.2.86, a highly mutated omicron variant that health officials are watching closely, according to clinical trial data the biotech company released...
Apple buying Disney is unlikely
About 10 years ago, I invented a rule about covering mergers and acquisitions that still hasn't failed me.Here it is: Will Apple buy [insert company of your choice here]? --> No.Apple almost never buys name-brand companies. Its largest takeover was 2014's $3...
Taylor Swift Eras Tour concert film could open with $100 million
Taylor Swift performs onstage during her The Eras Tour at Lumen Field in Seattle, July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift is already a superstar. Now, she's about to put up superhero-style numbers at movie theaters.Days...
Bezos snubbed Musk, SpaceX over satellite contract: Lawsuit
Elon Musk, founder of SpaceX, left, and Amazon and Blue Origin founder Jeff Bezos.Getty ImagesAn Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos' personal rivalry with Elon Musk, who has taunted...
Horror movies will dominate movie theaters through Halloween
Kenneth Branagh stars as Hercule Poirot in 20th Century Studio's "A Haunting in Venice."Disney | 20th Century StudiosTime to pair that pumpkin spice latte with some popcorn. Spooky movie season is officially here.Starting Friday, movie theaters will have a steady...
Home prices rise in July, but may be on the verge of cooling off
After rising steadily since January, home prices may now be turning lower again.The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. That's a bigger annual gain than the...
