Business
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...
When to wear masks as cases rise, new variants emerge in U.S.
Michael Nason, 29, left, and Donna Nason, 25, right, both of Bakersfield are wearing a face mask in Union Station on Thursday, Aug. 31, 2023, in Los Angeles, CA. COVID-19 making a comeback in California.Francine Orr | Los Angeles Times | Getty ImagesAn uptick in Covid...
What it means for other pharma deals
Robert Galbraith | ReutersThe Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry...
Illumina names CEO Jacob Thaysen after Icahn proxy fight over Grail
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, Sept. 1, 2021.Mike Blake | ReutersIllumina's board on Tuesday named Jacob Thaysen the DNA sequencing company's new CEO as it tries to rebound from a grinding dispute over...
Women are fueling the box office in China Hollywood should take note
Fans watch a movie at a cinema in Shanghai, China.Future Publishing | Future Publishing | Getty ImagesWomen are fueling China's box office despite making up a smaller share of the population — and Hollywood should take note.While women account for less than half of...
Taylor Swift Eras Tour concert film record first-day ticket sales
Taylor Swift performs in Denver during her Eras Tour, July 14, 2023.Tom Cooper/tas23 | Getty Images Entertainment | Getty Images… Ready for it?In less than 24 hours on the market, ticket sales for Taylor Swift's Eras Tour concert film have already broken...
How to check if expired tests still work as cases rise
In this photo illustration, Abbott's at-home covid-19 rapid test kits are seen on display in Orlando.Paul Hennessy | LightRocket | Getty ImagesAs Covid cases surge again in the U.S., Americans are digging out unused at-home tests that they stashed earlier on in the...
Charter puts media companies on notice in bid to save pay-TV bundle
In this photo illustration, the Charter Communications logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCharter Communications CEO Chris Winfrey wants the pay-TV bundle to live.He also thinks the industry should get on...
Warner Bros Discovery expects big earnings hit amid strikes
Timothee Chalamet and Rebecca Ferguson star in Denis Villeneuve's remake of "Dune."Warner Bros.Warner Bros. Discovery is preparing investors for the effects of the writers' and actors' strikes if they continue through the end of this year.The company, in a Tuesday...
Hollywood sheds 17,000 jobs in August amid strikes
Actor Karen Brown walks the picket line with fellow SAG-AFTRA actors and Writers Guild of America writers in front of Paramount Studios in Los Angeles, July 17, 2023.Mike Blake | ReutersHollywood's labor pool is taking a hit as the dual strikes by actors and writers...
Why UAW strikes at GM, Ford, Stellantis seem inevitable
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 – United Auto Workers President Shawn Fain appears ready to fire up the picket lines.The union's bulldog new...
FTC allows Amgen Horizon Therapeutics deal to move forward
The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California.Mario Tama | Getty ImagesThe Federal Trade Commission on Friday said it has reached a deal with drug giant Amgen to allow the company's $27.8 billion purchase of...
UAW files NLRB complaints against GM, Stellantis over contract talks
UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023Michael Wayland / CNBCDETROIT — United Auto Workers has filed unfair labor practice charges against automakers General Motors and Stellantis to the...
Walgreens CEO Roz Brewer steps down
Rosalind "Roz" BrewerJason Redmond | Afp | Getty ImagesWalgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company's chief executive.She also left the company's board, effective Thursday. The decision was mutual, according to a news release....
Ozempic could face Medicare drug price negotiations next
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 | ReutersOzempic, the blockbuster diabetes treatment from Novo...
HHS wants to reclassify marijuana: What it means
A worker sets up Florist Farms cannabis products on the first day of legal recreational marijuana sales at the Housing Works Cannabis Co. in New York, on Thursday, Dec. 29, 2022.Jeenah Moon | Bloomberg | Getty ImagesThis week, the Department of Health and Human...
Barry Diller says studios should cut Netflix from strike talks
Barry DillerMike Newberg | CNBCBarry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it'll be "catastrophic" to the industry.The media mogul, speaking on the podcast "On with Kara Swisher," said the strikes would...
Lululemon (LULU) earnings Q2 2023
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California.Justin Sullivan | Getty ImagesLululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue...
Taylor Swift concert film, new Exorcist open same day
Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesMove over, Barbenheimer. This next big movie duo will make your head spin.A...
Polestar (PSNY) earnings Q2 2023
The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software.Courtesy: PolestarSwedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least...
Starbucks, Dunkin roll out pumpkin spice, fall menus early
Starbucks' iced pumpkin cream chai tea latte.Source: StarbucksIn most of the U.S., tree foliage is green and temperatures are warm. But for many restaurants and retailers, fall is already here.Halloween candy and pumpkin spice lattes used to wait until after Labor Day...
Shein faces scrutiny over forced labor before IPO
A woman with a Shein bag after entering its first physical store in Madrid, June 2, 2022.Europa Press News / ContributorFast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn't use forced labor...
HHS calls for easing marijuana restrictions
James Romano trims flower while working in the CommCan processing facility in Medway, Massachusetts, Oct. 27, 2021.Erin Clark | Boston Globe | Getty ImagesThe U.S. Department of Health and Human Services has recommended reclassifying marijuana as a lower-risk drug,...
Medicare drug price negotiations may have muted impact on drugmakers
In this photo illustration, Eliquis is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesMedicare is set to negotiate prices for 10 different drugs with manufacturers in a bid to make those...
Walmart tries to grow third party marketplace with Las Vegas event
Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. The two-day event includes how-to sessions and remarks by the retailer's top leaders.Melissa Repko | CNBCLAS VEGAS — Walmart is looking for new ways to woo sellers to...
Jack Daniel’s maker Brown-Forman (BF.B) earnings Q1 2024
Jack Daniels Tennessee WhiskeyGetty ImagesJack Daniel's maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild.Net sales for...
Warner Bros. Discovery names Mark Thompson CEO and chairman of CNN
Mark Thompson speaks during the CNBC Evolve New York event on June 19, 2019.Astrid Stawiarz | CNBCMark Thompson is stepping in as the next CEO and chairman of CNN.Parent company Warner Bros. Discovery said Wednesday it appointed Thompson as the next leader of the...
3M faces more legal headaches after earplug settlement
3M is on the verge of ending the largest mass tort litigation in U.S. history, but it's still facing other expensive legal headaches.The company said Tuesday that it settled with roughly 250,000 plaintiffs in a $6.01 billion deal. Military veterans and service members...
Oppenheimer shows Christopher Nolan’s box office dominance
Valerie Macon | Afp | Getty ImagesLOS ANGELES — Christopher Nolan's films, from "The Dark Knight" to "Inception," have been a force at the box office for a solid two decades.But "Oppenheimer," the director's R-rated historical drama about the man who spearheaded the...
Under Armour founder Kevin Plank used Stephanie Ruhle advice
Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018.Scott Mlyn | CNBCUnder Armour's founder Kevin Plank forged an unusual relationship with television anchor Stephanie Ruhle that included trips on his private jet,...
Revenue rises in first half
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019.Bloomberg | Getty ImagesWhile other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick.The privately held...
Most used drugs on Medicare price negotiation list: See the top three
Bottles of the drug Jardiance, made by Eli Lilly and Company, sit on a counter at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersTwo blood thinners and a diabetes medication are the most widely used among a list of ten drugs that will be subject to...
Eminem demands Vivek Ramaswamy stop rapping Lose Yourself
Inductee Eminem performs on stage during the 37th Annual Rock & Roll Hall Of Fame Induction Ceremony at Microsoft Theater on November 05, 2022 in Los Angeles, California.Jeff Kravitz | Filmmagic, Inc | Getty ImagesRapper Eminem has demanded Vivek Ramaswamy stop...
Regional banks to be forced to raise debt in case of failure
Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023.Saul Loeb | AFP | Getty...
GM, Google exploring ways to use AI across automaker’s business
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021.Rebecca Cook | ReutersDETROIT – General Motors is working with Google to explore opportunities to implement AI technologies across the automaker's business, the...
Nio earnings Q2 2023
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesChinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago loss as...
Best Buy (BBY) Q2 2024
A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022.Jim Vondruska | ReutersBest Buy on Tuesday surpassed Wall Street's quarterly sales expectations, but tempered its outlook for the rest of the year as it feels the...
10 drugs to face Medicare price negotiations: See the list
Kubra Cavus | Istock | Getty ImagesThe Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims to make costly medications more...
Goldman Sachs sells small wealth unit to Creative Planning
David Solomon (centre), Chief Executive Officer of Goldman Sachs during an event attended by Prime Minister Rishi Sunak at the Business Roundtable during his visit to Washington DC in the US on June 8, 2023 in Washington, DC.Niall Carson | WPA Pool | Getty...
Avon owner Natura & Co considers sale of The Body Shop
Roberto Machado Noa | LightRocket | Getty ImagesBrazilian beauty conglomerate Natura & Co is considering a sale of The Body Shop after the skincare and cosmetics line saw another quarter of declining sales, according to a Monday securities filing.Natura & Co,...
SpaceX launches Crew-7 astronaut mission for NASA
SpaceX's Falcon 9 rocket with the company's Crew Dragon spacecraft on top is seen after sunset at Launch Complex 39A ahead of the launch of the Crew-7 mission.Joel Kowsky / NASASpaceX launched four people to the International Space Station from Florida as Elon...
Flights disrupted across UK as air traffic control reports a ‘technical issue’
Virgin Atlantic Airways Airbus A350-1000 aircraft seen taxiing in front of the air traffic control tower at London Heathrow airport in U.K.Nurphoto | Nurphoto | Getty ImagesThe U.K.'s air traffic control provider reported a technical issue Monday which saw flights...
IHOP biscuits menu available nationwide for first time
IHOP's new lineup of biscuit sandwiches.Source: IHOPFor the first time ever, IHOP is making its biscuits menu available nationwide.The Dine Brands chain, best known for its pancakes, has been branching out into different categories, from burritos to savory crepes,...
Four trends shaping the gun industry
People fire an assortment of guns at the annual Machine Gun Shoot sponsored by Shooters Gauntlet on June 03, 2023 in Monroe, Pennsylvania. The shoot, which has been held since 2016, lets gun enthusiast and others shoot machine guns at targets in a controlled and...
Labor unions are pushing hard for better pay and hours — and winning
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023.Michael Wayland / CNBCFrom writers' rooms to car factories, workers are pressing companies for higher pay and better quality of life. Many are...
ADHD drug market faces back-to-school supply strain
Ten milligram tablets of the hyperactivity drug, Adderall, made by Shire Plc.Jb Reed | Bloomberg | Getty ImagesIt's been 10 months since the Food and Drug Administration first announced a nationwide shortage of Adderall — one of the most widely used medications for...
Major League Pickleball and PPA merger in jeopardy
Season One Super Finals at the Life Time Rancho San Clemente in San Clemente, California. The Seattle Pioneers play the Los Angeles Mad Drops in the Premier League mixed doubles competition.Source: Major League PickleballThere's trouble in pickleball paradise.The...
Wegovy helps reduce heart failure symptoms in obese people: Study
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023.Jim Vondruska | ReutersWegovy, the popular weight loss drug from Novo Nordisk, significantly reduced symptoms of a common type of...
Workers overwhelmingly vote to authorize work stoppage
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors' Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit.Michael Wayland / CNBCDETROIT – United Auto Workers members overwhelmingly granted...
GM’s Ultium agrees to increase EV battery worker pay by 25% on average
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT — General Motors' Ultium Cells has agreed to increase worker pay at its...
Part Two’ departs 2023 movie calendar amid Hollywood strikes
Timothee Chalamet stars in Warner Bros.' "Dune."Warner Bros."Dune: Part Two" has departed the 2023 box office slate amid dual Hollywood labor strikes that threaten its ability to market to the public.On Thursday, Warner Bros. Discovery and Legendary Entertainment...
CDC expects new shots to be available in mid September
A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023.Brian Snyder | ReutersThe Centers for Disease Control and Prevention expects updated Covid vaccines from Pfizer, Moderna and Novavax to be...
Viasat’s Inmarsat I6 F2 satellite suffers power failure
An artist's rendering of an I6 satellite in orbit.InmarsatA second Viasat communications satellite is malfunctioning in orbit, this time from the fleet of recently acquired U.K.-based Inmarsat, the company said on Thursday.The I6 F2 satellite, which Inmarsat launched...
Gap (GPS) earnings Q2 2023
Pedestrians walk past Old Navy and GAP stores in Times Square, New York City.Drew Angerer | Getty ImagesGap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer warned of an "uncertain consumer" and posted another...
DOJ sues SpaceX alleging hiring discrimination
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California.Patrick T. Fallon | AFP | Getty ImagesThe U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space...
Barbie is highest-grossing domestic film release in 2023
A scene from "Barbie."Courtesy: Warner Bros.It's a "Barbie" world — or at least North America.The collaboration among director Greta Gerwig, Mattel and Warner Bros. Discovery topped $575.4 million at the domestic box office Wednesday, making it the highest-grossing...
Lionel Messi boosts MLS, but soccer league needs more
Lionel Messi after scoring against FC Dallas at Toyota Stadium on August 06, 2023 in Frisco, Texas.Logan Riely | Getty ImagesSuperstar Lionel Messi has only played fewer than 10 games in the U.S. men's professional soccer league and he's having never-before-seen...
DOJ sues SpaceX for hiring discrimination against refugees
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California.Patrick T. Fallon | AFP | Getty ImagesThe U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space...
Dollar Tree (DLTR) earnings Q2 2023
Shares of Dollar Tree fell on Thursday and hit a 52-week low, after the retailer said customers' shopping lists have largely narrowed to food and necessities.The discounter joins a growing group of retailers catering to consumers who have become more price-sensitive...
Shein strikes deal with Forever 21 in fast fashion business
A Shein App is shown in the iOS App Store in Bargteheide, Germany, May 3, 2021.Defodi Images | Defodi Images | Getty ImagesFast-fashion competitors Shein and Forever 21 have joined forces.On Thursday, the retailers announced a deal that will bring together two brands...
Boeing says a new 737 Max flaw will slow airplane deliveries
A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company's production facility in Renton, Washington, January 10, 2020.Lindsey Wasson | ReutersBoeing said a new manufacturing flaw on its 737 Max will delay deliveries of its best-selling...
Subway sells itself to Dunkin’ owner Roark Capital
In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas.Brandon Bell | Getty ImagesRoark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new...
CVS Health, Sandoz partner on discount Humira biosimilar
Rafael Henrique | Lightrocket | Getty ImagesCVS Health is partnering with drugmaker Sandoz to produce a near identical version of the blockbuster arthritis treatment Humira that will sell for 80% below the price of the brand-named drug.The move is part of the...
India Chandrayaan-3 moon landing came at low cost
The shadow of the Chandrayaan-3 spacecraft is seen on the moon's surface.ISROThe list is grim reading: Stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed, crashed.Those were the fate of the Soviet Union's first 11 attempts before...
Why is Nike’s stock down? Foot Locker woes, China slowdown hit shares
People walk past a Nike sporting goods store at a shopping complex in Beijing, China, March 25, 2021.Florence Lo | ReutersNike's stock tumbled Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back...
Juul to cut nearly a third of workforce
Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019.David Paul Morris | Bloomberg | Getty ImagesJuul Labs said Wednesday it's planning to cut about 30% of its workforce as it looks to cut costs and boost profits.The layoffs will affect...
Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023.Nathan Howard | Bloomberg | Getty ImagesMortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years.Total mortgage application...
Starbucks iced pumpkin cream chai latte added to fall menu
Starbucks' new fall drink, the iced pumpkin cream chai latte.Source: StarbucksAs Starbucks celebrates the 20th anniversary of its pumpkin spice latte, the coffee chain is adding a third pumpkin drink to its fall menu.Starting Thursday, the iced pumpkin cream chai...
AMPTP reveals latest WGA contract offer, taking talks public
Members of the Writers Guild of America (WGA) and the Screen Actors Guild walk the picket line outside of Netflix in Hollywood, California, on August 9, 2023.Frederic J. Brown | AFP | Getty ImagesHollywood producers are taking their latest contract proposal public as...
Peloton (PTON) earnings Q4 2023
The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty ImagesPeloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and...
India Chandrayaan-3 lunar mission lands on moon’s south pole
India staked new claim as a national superpower in space, landing its Chandrayaan-3 mission safely on the moon's unexplored south pole on Wednesday.The Chandrayaan-3 spacecraft launched last month and touch downed on the lunar surface around 8:34 a.m. ET.The feat...
Abercrombie & Fitch (ANF) earnings Q2 2023
An Abercrombie & Fitch store in San Francisco.Getty ImagesShares of Abercrombie & Fitch soared in premarket trading, after the retailer crushed Wall Street's earnings and sales expectations for the quarter and raised its forecast for the year.Here's how the...
Foot Locker (FL) earnings Q2 2023
Pedestrians walk past a Foot Locker store in New York.Michael Nagle | Bloomberg | Getty ImagesFoot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before...
Altria Group sues Juul over e-vapor patent infringement
A pedestrian walks by an advertisement for Juul on the door of a smoke shop in New York.Scott Mlyn | CNBCMarlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent...
UPS workers approve new labor contract with big raises
David Paul Morris | Bloomberg | Getty ImagesUPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday.The deal passed with 86.3% of...
Macy’s to open more smaller strip mall stores
NEW YORK, NEW YORK - AUGUST 21: Macy's Herald Square store is shown on August 21, 2023 in New York City. Macy's, Inc. is likely to register both top and bottom-line declines from the respective year-ago in its second-quarter results on August 22. (Photo by Eduardo...
AMC shares crater as investors brace for stock conversion
An AMC Theatre on March 29, 2023 in New York City.Leonardo Munoz | Corbis News | Getty ImagesAMC Entertainment shares plummeted more than 20% Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week.On...
UAW strike cost estimated at $5 billion in 10 days
United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019.Michael Wayland | CNBCDETROIT – If the United Auto Workers union decides to strike against...
Novavax says vaccine effective against Eris variant
A woman holds a small bottle labeled with a "Coronavirus COVID-19 Vaccine" sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020.Dado Ruvic | ReutersNovavax's new Covid vaccine generated a broad immune response...
Home sales drop again in July, as supply drops again
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty ImagesSales of previously owned homes dropped 2.2% in July from June to a seasonally-adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors....
Ferrari CEO Benedetto Vigna says a third of new buyers are under 40
Despite a waiting list of three years for some of its cars, Ferrari's CEO said the company has no plans to supercharge production to meet demand."We are a brand that is not looking for volume," Ferrari CEO Benedetto Vigna told CNBC in an exclusive interview from...
Recalled products still for sale on Facebook Marketplace: lawmakers
Recalled baby products linked to more than 100 infant deaths are still widely sold on Facebook Marketplace despite thousands of requests from federal regulators to take down the items, four members of Congress said.In a letter sent Friday to Meta CEO Mark Zuckerberg,...
Dick’s Sporting Goods (DKS) earnings Q2 2023
Dick's Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and slow sales in its outdoor category, the company announced on Tuesday. In a rare miss for the athletic apparel retailer,...
Macy’s (M) earnings Q2 2023
Macy's store in Herald Square in New York.Scott Mlyn | CNBCMacy's on Tuesday topped Wall Street's quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year. The department store operator stood by its...
Lowe’s (LOW) earnings Q2 2023
The Lowe's logo is displayed on the front of the store near Bloomsburg.Paul Weaver | Lightrocket | Getty ImagesLowe's reported mixed fiscal second-quarter results on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement...
Part Two move to 2024?
Timothee Chalamet stars in Warner Bros.' "Dune."Warner Bros.LOS ANGELES – Warner Bros. has a sandworm-sized dilemma on its hands: Keep the fall release date for its highly anticipated "Dune: Part Two" and risk not having its star-studded cast promote it – or bump it...
Weight-loss drugs cost more in U.S. than other countries, KFF says
A box of the diabetes drug Ozempic rests on a pharmacy counter in Los Angeles, April 17, 2023.Mario Tama | Getty ImagesBlockbuster weight-loss drugs are priced significantly higher in the U.S. than in other large, high-income countries, according to a new analysis...
Pebble Beach Monterey Car Week: Most expensive cars sold
A 1962 Ferrari 250 GT SWB Coupe sold at auction at the 2023 Monterey Car Week.Credit: Gooding & CompanyA $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week, although the classic-car market showed further signs of...
FDA approves Pfizer maternal vaccine for infants
CFOTO | Future Publishing | Getty ImagesThe Food and Drug Administration on Monday approved a vaccine from Pfizer that protects infants from respiratory syncytial virus, the leading cause of hospitalization among babies in the U.S.Pfizer's RSV shot is already approved...
Teva, Glenmark enter deferred prosecution deal DOJ over price fixing
Boxes of tablets produced by Teva Pharmaceutical Industries.Chris Ratcliffe | Bloomberg | Getty ImagesDrugmaker Teva Pharmaceuticals agreed to pay $225 million in criminal fines to resolve charges related to price fixing three medications, including a generic...
Covid vaccine stocks jump as new variants emerge
Nikos Pekiaridis | Lightrocket | Getty ImagesCovid vaccine makers' shares rose Monday as new variants of the virus emerge in the U.S. ahead of the rollout of updated shots this fall.Shares of Novavax jumped more than 13%. Moderna's stock rose more than 9%. Shares of...
Tilray cannabis buys brands from Molson Coors, Anheuser-Busch
Dry cannabis flowers inside the packaging room at the Aphria Inc. Diamond facility in Leamington, Ontario, Canada, on Wednesday, Jan. 13, 2021.Anne Sakkab | Bloomberg | Getty ImagesTilray Brands is expanding its footprint in alcoholic and cannabis beverages, buying up...
American Airlines pilots approve labor deal with big raises
An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. Joe Raedle | Getty ImagesAmerican Airlines pilots approved a sweetened labor deal, making the carrier the second major U.S. airline to seal a new contract with...
Weight loss drugs boost retail pharmacy sales
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 | ReutersDrugmakers aren't the only ones feeling the impact of the...
Mortgage rates hit highest point since 2000
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 ImagesMortgage rates jumped Monday, following a rise in bond yields driven...
Pentagon awards $1.5 billion to Lockheed Martin, Northrop Grumman
An artist illustration shows the functions of SDA's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman for prototype communications satellites.SDA...
Moderna Covid vaccine effective against Eris, Fornax variants
Nikos Pekiaridis | Lightrocket | Getty ImagesModerna's new Covid vaccine generated a robust immune response against the now-dominant Eris variant and another rapidly spreading strain of the virus in an early clinical trial, the biotech company said Thursday. The...
Stellantis has discussed moving some truck assembly to Mexico, UAW says
UAW Vice President Rich Boyer addresses union members during a "Solidarity Sunday" rally on Aug. 20, 2023 in Warren, Mich.Michael Wayland / CNBCWARREN, Mich. – Automaker Stellantis has threatened to move production of the current Ram 1500 pickup truck from a factory...
Axiom Space raises $350 million from Saudi and Korean investors
Chief Engineer Jim Stein wears the new spacesuit during the Axiom Space Artemis III Lunar Spacesuit event at Space Center Houston in Houston, Texas, on March 15, 2023. - "Since a spacesuit worn on the Moon must be white to reflect heat and protect astronauts from...
Redwire, Sierra partner to make drugs on inflatable space habitat
An ADSEP with blue PIL-BOXs, hardware which will be delivered to Sierra Space for the LIFE habitat pathfinder mission.RedwireSpace infrastructure company Redwire is putting a biotech technology testbed on Sierra Space's first mission with its inflatable space habitat,...
Walmart and Target earnings and outlook: Key trends for retailers
A customer pushes a shopping cart full of groceries outside a Wal-Mart in Rogers, Arkansas, left, and a pedestrian passes a Target store in the Tenleytown neighborhood of Washington, D.C.Getty ImagesTarget and Walmart are both catering to thriftier shoppers, but the...
New vaccines will likely protect against Eris variant
A pharmacist prepares to administer Covid-19 vaccine booster shots during an event hosted by the Chicago Department of Public Health at the Southwest Senior Center in Chicago, Illinois, Sept. 9, 2022.Scott Olson | Getty ImagesNew Covid vaccines from Pfizer, Moderna...
Innoviz, Luminar, Ouster emerge as likely winners in lidar shakeout
A Hesai lidar sensor on top of a vehicle in Shenzhen, China, July 10, 2022.Jade Gao | AFP | Getty ImagesFor investors in lidar startups, this has been a long time coming.After years of talk — and a SPAC boom in the sensor sector — automakers have finally started...
Barbie vs Blue Beetle box office showdown
Xolo Mariduena stars ase Jaime Reyes in Warner Bros.' "Blue Beetle."Warner Bros. DiscoveryIt's pink vs. blue at the box office this weekend.As "Barbie" continues a historic run in theaters, a little-known superhero called "Blue Beetle" is looking to take the top spot...
What UAW negotiations could cost GM, Ford and Stellantis
United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019.Michael Wayland / CNBCDETROIT — The Oracle of Omaha is cutting exposure to the U.S. automotive industry amid union negotiations —...
McDonald’s, Chipotle among restaurant earnings winners and losers
A McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCRestaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers.Some chains said their higher menu prices alienated...
Outback Steakhouse owner’s stock rises as activist buys stake
An Outback Steakhouse truck sits parked outside a restaurant in New York.Daniel Acker | Bloomberg | Getty ImagesShares of Outback Steakhouse owner Bloomin' Brands rose 8.7% Friday after an activist investor disclosed its interest in the restaurant company.Starboard...
Why the German grocer is expanding in the U.S.
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves.The German retailer announced this week that it plans to acquire about 400 Winn-Dixie and Harveys Supermarket locations across the Southern U.S. As part of the deal, it would take...
