Business
Streaming surpasses combined broadcast, cable TV for first time
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.Streaming represented 44.8% of total TV viewership in May, its largest share to date, while broadcast (20.1%) and cable (24.1%)...
Homebuilder sentiment June 2025 nears pandemic low
Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation's homebuilders.Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo...
JetBlue to cut more flights, other costs as break-even 2025 ‘unlikely’
A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California.Kevin Carter | Getty ImagesJetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as...
PGA Tour names NFL’s Brian Rolapp as CEO to succeed Commissioner Jay Monahan
NFL chief media and business officer Brian Rolapp.Doug Murray | APThe PGA Tour on Tuesday named top NFL executive Brian Rolapp its next chief executive officer to succeed current Commissioner Jay Monahan. Monahan will begin to transition his day-to-day...
Yum! Brands names CFO Chris Turner as its next CEO
Yum Brands logoDado Ruvic | ReutersYum! Brands on Tuesday named Chief Financial and Franchise Officer Chris Turner as its next CEO, effective October 1.He will replace David Gibbs, who announced his retirement earlier this year. Gibbs has led Yum since 2020 and will...
New perks, $795 annual fee
The Chase Sapphire Lounge at LaGuardia Airport, accessible only to Sapphire Reserve customers.Benji Stawski / CNBCJPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its...
Pfizer, AstraZeneca, Merck bet on chemo replacement
Antibody drug conjugates (ADCs) are targeted medicines that deliver chemotherapy agents to cancer cells 3d renderingLove Employee | Istock | Getty ImagesChemotherapy has long been a cornerstone of cancer treatment, saving millions of lives.But the pharmaceutical...
Kraft Heinz to remove artificial dyes in U.S.
Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store on April 27, 2025 in San Diego, California. Kevin Carter | Getty ImagesKraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any...
Amex Platinum, Chase Sapphire get 2025 refresh
Anna Barclay | Getty ImagesThe long-running rivalry between the country's top premium credit cards is about to heat up again.JPMorgan Chase announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived...
Turnaround plan focuses on employees
Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024.Jakub Porzycki | Nurphoto | Getty ImagesAs Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with...
Boeing Dreamliner crash, military escalations darken Paris Air Show
The Boeing 787-9 civil jet airplane of Vietnam Airlines performs its flight display at the 51st Paris International Airshow in Le Bourget near Paris, France. (Photo by: aviation-images.com/Universal Images Group via Getty Images)aviation-images.com | Universal Images...
WNBA, Scripps renew media rights deal
Caitlin Clark, #22 of the Indiana Fever, brings the ball up court during the first half of a WNBA game against the Chicago Sky at Wintrust Arena in Chicago on Aug. 30, 2024.Melissa Tamez | Icon Sportswire | Getty ImagesThe WNBA and E.W. Scripps announced on Friday a...
JBS Brazilian meat company goes public in the U.S.
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty ImagesShares of Brazilian meat giant JBS made their U.S. public market debut on Friday, opening at $13.65 a share.The opening trade values the...
Airlines divert, cancel flights after Israel attacks Iran
Zoom In IconArrows pointing outwardsFlight map of the Middle East after Israel airstrikes on Iran at 12:25 UTC on June 13th, 2025. FlightRadar24Airlines around the world canceled flights to Israel and were skirting a large swath of airspace in the Middle East on...
Baby items get pricier, congressional report says
Baby car seat carriers for sale at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Bloomberg | Bloomberg | Getty ImagesThe cost of some baby gear has risen in recent weeks due to President Donald Trump's tariff policies, according to a new...
What we know about first fatal Boeing Dreamliner crash
A view shows the wreckage of an Air India aircraft, bound for London's Gatwick Airport, which crashed during take-off from an airport in Ahmedabad, India June 12, 2025. Adnan Abidi | ReutersAn Air India plane that was bound for London and carrying 242 people crashed...
Battle over Jimmy Buffett estate highlights risks of family trusts
Musician Jimmy Buffett performs onstage at Jimmy Buffett & Friends: Live from the Gulf Coast, a concert presented by CMT at on the beach on July 11, 2010 in Gulf Shores, Alabama.Rick Diamond | Getty Images Entertainment | Getty ImagesA court battle over the...
Trump CFPB cuts reviewed by Fed inspector general
Director of the Office of Management and Budget (OMB) Russell Vought attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersThe Federal Reserve's inspector general is reviewing the Trump administration's attempts...
Retail executives expect Trump to drop tariffs
A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025. Mike Blake | ReutersEven retail executives are bullish on the "TACO trade." Following weeks of shifting trade policy, early deals and winding...
RFK Jr. names members of CDC vaccine committee after firings
Health and Human Services Secretary Robert F. Kennedy Jr. on Wednesday named eight new members to a crucial government panel of vaccine advisors after firing the entire group just days earlier. His picks include some well-known vaccine critics, including Dr. Robert...
Why family offices are struggling to recruit and retain staff
Key PointsAbout two-thirds of the private investment firms of the ultra-wealthy report challenges hiring and retaining key staff, according to a new survey.There is a shrinking pool of talent, and many employees don’t see long-term career potentials at family...
Air India Boeing plane with 242 aboard crashes at Ahmedabad in Gujarat
An Air India Boeing Dreamliner plane with 242 passengers and crew aboard crashed shortly after takeoff from Ahmedabad in western India, local officials and the carrier said Thursday."The injured are being taken to the nearest hospitals," Air India said in a post on...
Howard Schultz backs CEO Brian Niccol strategy
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company's compliance with labor law on Capitol Hill in Washington., U.S., March 29,...
State AGs urge Meta to clean up platform
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.Michael M. Santiago | Getty ImagesA group of 42 state attorneys general are calling on Meta to curb the rise of investment...
Women’s Tennis Association unveils new fertility protection rule
Sloane Stephens looks on against Madison Keys during the Charlotte Invitational at Spectrum Center on December 06, 2024 in Charlotte, North Carolina. Jacob Kupferman | Getty ImagesThe Women's Tennis Association has introduced a rule allowing players to protect their...
GM to invest $4 billion in U.S. plants, move Mexico-produced SUV
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 invest $4 billion in three...
Starbucks to roll out Microsoft Azure OpenAI assistant for baristas
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike BlakeMike Blake | ReutersStarbucks plans to roll out a generative AI assistant created with Microsoft Azure's OpenAI platform to 35 locations...
In China, fears grow of an EV financial crisis amid pricing war
At a used car market in Beijing, salesman Ma Hui said he fears China's electric vehicle industry is in a race to the bottom.EV makers, led by the country's market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as...
RFK Jr. firing of CDC vaccine advisors effects on public health
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. leaves the stage after discussing the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, at the...
FanDuel adds 50-cent surcharge on Illinois bets to offset taxes
FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next.Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes that the state instituted with its new budget, which disproportionately...
Boeing airplane orders jump ahead of Paris Air Show
Boeing 737 aircraft fuselages are pictured at the company's Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty ImagesBoeing's gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes...
Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of...
Disney to pay Comcast $438.7M for control of Hulu, ending valuation process
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.Rachel Murray | Getty ImagesDisney has agreed to pay Comcast $438.7 million for its stake in the streaming...
RFK Jr. removes all members of CDC panel advising U.S. on vaccines
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. testifies before the Senate Committee on Appropriations hearing on the Department of Health and Human Services budget, on Capitol Hill in Washington, D.C., U.S., May 20, 2025. Ken Cedeno |...
FDA approves Merck RSV shot for infants to rival Sanofi AstraZeneca
The Food and Drug Administration on Monday approved Merck's shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca.The decision will allow...
WBD split throws future of TNT Sports into question
David Zaslav attends the world premiere of "The Flash", in Hollywood, Los Angeles, California, U.S., June 12, 2023. REUTERS/Mike BlakeMike Blake | ReutersEarlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company's long...
Walmart taps own fintech firm for credit cards after Capital One exit
A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Yichuan Cao | Nurphoto | Getty ImagesWalmart's majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards...
Elevate launches $500 million college sports investment
STATE COLLEGE, PA - DECEMBER 21: Drew Shelton #66 of the Penn State Nittany Lions before a game between SMU and Penn State at Beaver Stadium on December 21, 2024 in State College, Pennsylvania. (Photo by Roger Wimmer/ISI Photos/Getty Images)Roger Wimmer/isi Photos |...
Chipotle launches Adobo Ranch dip after sluggish sales
Chipotle Mexican Grill's new Adobo Ranch dipSource: Chipotle Mexican GrillChipotle Mexican Grill is hoping that Americans' love for ranch will boost its sales.On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has...
Warner Bros. Discovery to split into two public companies by next year
Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming.Warner Bros. Discovery will separate into Streaming and Studios, which...
Trump touts manufacturing jobs, but aviation workers are hard to hire
LAFAYETTE, Ind. — President Donald Trump has said he wants to bolster manufacturing jobs and other technical employment in the United States. But in the aviation industry, finding skilled workers to make airplanes and engines — and maintaining those jobs for years to...
Why it’s getting even harder to get into airport lounges now
Bloomberg | Bloomberg | Getty ImagesAirplane tickets are getting cheaper, but it's getting more expensive to bring your family to an airport lounge.Capital One is the latest company to limit access to booming airport lounges to combat overcrowding.Starting Feb. 1,...
Inside the stealth EV production facility backed by Bezos
Slate Auto electric vehicles inside the startup's beta production facility in Lake Orion Township, Michigan.Slate AutoLAKE ORION TOWNSHIP, Mich. — In a nondescript supplier park in suburban Detroit, an electric vehicle startup backed by Amazon founder Jeff Bezos is...
Walmart to expand drone deliveries to three more states
Walmart is bringing drone deliveries to three more states.On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart's drone...
Lululemon beats on Q1 2025 earnings, cuts outlook
Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a "dynamic macroenvironment."As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news...
Used vehicle prices ease from fear-buying highs
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — Used vehicle prices last month eased from their recent high in April as consumers who may have needed a vehicle but feared price...
Here are the companies making job cuts
Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings.Mathisworks | Digitalvision Vectors | Getty ImagesWhile Elon Musk has ended his government cost-cutting initiative that resulted in...
Brown-Forman warns of tariff uncertainty
Bottles of the American whiskey Jack Daniel's are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel's-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly...
Procter & Gamble to cut 7,000 jobs in restructuring
Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025.Kevin Carter | Getty ImagesProcter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year...
Five auto insights investors should know from top BofA analyst
A worker at Ford's Kentucky Truck Plant on April 30, 2025.Michael Wayland | CNBCDETROIT — The automotive industry is experiencing unprecedented disruption and uncertainty when it comes to regulations, electric vehicles, software innovations and competition from...
Ram resurrects Hemi engine with ‘Symbol of Protest’ badge for pickups
DETROIT — Stellantis is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.The return of the 5.7-liter engine comes after the company discontinued the powertrain amid tightening fuel economy regulations and a...
Disney says parks generate U.S. economic impact of $67 billion each year
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on April 3, 2025, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesFor decades Disney's domestic theme parks have...
Wealthy inheritors plan to fire their parents’ wealth advisors
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a...
Trump tariffs news: How prices could change
What is the true cost of tariffs? It's debatable — not only because of political biases, but also because it's far from straightforward to calculate just how much of the levies consumers end up paying.Even so, it's possible to estimate how much the price of common...
NBA team sponsorship revenue up 8%, boosted by jersey patches
Shai Gilgeous-Alexander #2 and Jalen Williams #8 of the Oklahoma City Thunder react on the bench against the Minnesota Timberwolves during the fourth quarter in Game Five of the Western Conference Finals of the 2025 NBA Playoffs at Paycom Center on May 28, 2025 in...
Family office deals slow in May with bets on nuclear energy and AI
Key PointsNuclear energy startups are gaining steam with private investment firms of the ultra-rich. Billionaire Barry Sternlicht's family office invested in Zeno Power, a nuclear battery firm, in May.These deals are set to grow with family offices wanting to...
Retail crime crackdown results in hundreds of arrests: authorities
A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.The blitz, led by Illinois' Cook County regional organized crime task force, involved more than 100...
Steph Curry’s Thirty Ink generated $174 million in 2024 revenue
Steph Curry's Gentleman's Cut bourbon.Courtesy: Gentleman's CutSteph Curry is one of the greatest basketball players ever, and judging by his company's financials, he's off to a pretty good start in the business world.Curry is the CEO of Thirty Ink, a house-of-brands...
Peloton launching resale market for used bikes, treadmills
A Peloton bike is displayed at a Dick's Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many...
Dollar General (DG) Q1 2025 earnings
Shares of Dollar General jumped more than 10% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending.The Tennessee-based retailer beat quarterly...
McDonald’s is bringing back the snack wrap next month
McDonald's Snack WrapCourtesy: McDonald'sMcDonald's snack wraps will return to U.S. restaurants next month as the fast-food giant looks to boost sales after a sluggish start to the year.McDonald's introduced snack wraps nearly two decades ago but discontinued the item...
Alaska Airlines to make Europe debut with Rome flights next year
LOS ANGELES, CALIFORNIA - MARCH 30: An Alaska Airlines Boeing 737 airplane departs Los Angeles International Airport en route to Washington D.C. on March 30, 2025 in Los Angeles, California. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty...
Ford reports 16% sales increase in May amid employee pricing, tariffs
Salesman Walter Silva (R) helps Alexis Lechanet shop for a Ford vehicle at Metro Ford on May 6, 2025 in Miami, Florida.Joe Raedle | Getty ImagesDETROIT — Ford Motor on Tuesday reported a 16.3% year-over-year sales increase for May, as the automaker continues an...
Hims & Hers to acquire Zava, a European telehealth platform
The Hims logo arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Bloomberg | Bloomberg | Getty ImagesHims & Hers Health announced Tuesday it will acquire European telehealth platform Zava in its push to expand globally."We're excited to take...
Roark Capital invests in restaurant chain Dave’s Hot Chicken
Private equity firm Roark Capital has bought a majority stake in Dave's Hot Chicken, the company announced on Monday.Financial terms were not disclosed, but Dave's CEO Bill Phelps said on CNBC's "Squawk Box" that the reported $1 billion valuation for the deal is...
More office space is being removed than added this year
After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.Simply put, more office space is being removed...
Byron Allen broadcast TV stations up for sale
Byron Allen, founder, chairman and CEO of 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 is putting his broadcast TV stations up for sale.Allen...
How Under Armour signed Stephen Curry away from Nike
In 2013, Stephen Curry shocked the sneaker world by signing with then-upstart athletic company Under Armour over basketball powerhouse Nike.At the time, Nike controlled the vast majority of the NBA sneaker market. Under Armour was virtually unheard of in the...
Steph Curry contemplates post-retirement life in broadcasting, golf
Stephen Curry isn't retiring from the National Basketball Association yet, but he's already thinking about new career paths — including broadcasting, team ownership and playing on the PGA Tour Champions.The Golden State Warriors star spoke to CNBC Sport as part of...
SailGP launches sports betting with DraftKings and Bet365
Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024.Katelyn Mulcahy for SailGPFans watching the New York races for international sailing league SailGP this weekend will have another reason to root for...
Stephen Curry says he suffers from impostor syndrome
Stephen Curry is a two-time National Basketball Association Most Valuable Player, a four-time league champion and among the greatest shooters of all time.He also owns a media company, a bourbon brand, a golf league for kids and a philanthropic foundation that gives...
Here are the retailers raising prices
A person picks out clothing in a 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, U.S. November 24, 2023. Vincent...
This is why Jamie Dimon is so gloomy on the economy
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 ImagesThe more Jamie Dimon...
United Airlines, American Airlines are increasing business-class seats
American Airlines new business-class suite.American AirlinesDALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the...
Summer rentals in the Hamptons are down 30%
Key PointsSummer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down...
American Eagle Outfitters (AEO) earnings Q1 2025
American Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic...
Gap (GAP) earnings Q1 2025
People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | ReutersNew tariffs could impact Gap's business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter...
Costco (COST) Q3 2025 earnings
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025.Jay L Clendenin | Getty ImagesShares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8%...
Non-alcoholic beer to pass ale in sales volume this year
Non-alcoholic beers photographed for Food in Washington, DC on March 11, 2024. Scott Suchman | The Washington Post | Getty ImagesNon-alcoholic beer is on track to overtake ale as the second-largest beer category by volume worldwide this year, according to a new...
Jeep reveals new Cherokee SUV, confirms hybrid model
2025 Jeep Cherokee SUVStellantisDETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand's turnaround when it arrives later this year.The Stellantis brand said the new midsize SUV will...
Boeing to resume airplane deliveries to China, CEO says
Boeing Co. 737 Max fuselages at the company's manufacturing facility in Renton, Washington, on April 15, 2025.Bloomberg | Bloomberg | Getty ImagesBoeing's airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump...
Best Buy (BBY) Q1 2026 earnings
Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty ImagesBest Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs...
United Airlines to return to JFK in new partnership with JetBlue
A United Airlines plane takeoff as a JetBlue plane is landing at San Francisco International Airport (SFO) in San Francisco, California, United States on June 8, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesUnited Airlines has a new friend in Queens.The airline...
High school sports on PBS are at risk with Trump federal funding cuts
Iowa PBS covers the 2024 State Girls Softball Championships live from Fort Dodge, Iowa in July 2024.Courtesy: Iowa PBSHigh school sports games and related coverage have become some of the most popular local programs on PBS stations across the U.S., especially in...
Stellantis appoints North America boss Antonio Filosa as new CEO
Stellantis North America Chief Operating Officer and former Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles on Nov. 21, 2024.Etienne Laurent | Afp | Getty...
E.l.f. Beauty to acquire Hailey Bieber brand Rhode in $1 billion deal
Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty ImagesE.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber's beauty brand Rhode in...
The U.S. now has a third of the world’s millionaires and billionaires
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. now accounts for more than a third of the...
Hybrid leader Toyota targets major growth in plug-in vehicles
2023 Prius Prime on display, April 6, 2023.Scott Mlyn | CNBCPLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs.Such vehicles...
Abercrombie & Fitch (ANF) Q1 2025 earnings
Fashion brand Abercrombie & Fitch advertising on a large scale digital billboard on the exterior of the Outernet building on 4th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesShares of Abercrombie & Fitch soared on Wednesday,...
Dick’s Sporting Goods (DKS) earnings Q1 2025
A sign is posted in front of a Dick's Sporting Goods store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick's Sporting Goods said Wednesday it's standing by its full-year guidance, which includes the expected impact from all tariffs...
Macy’s (M) Q1 2025 earnings
Macy's cut its full-year profit guidance on Wednesday even as it beat Wall Street's quarterly earnings expectations.In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and "some moderation"...
Lilo and Stitch, Mission Impossible break box office records
Still from Disney's newest live-action remake "Lilo & Stitch."DisneyShares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office.AMC saw its stock jump more than 20%, while shares of Marcus...
JPMorgan Chase is heading upmarket to woo America’s millionaires
A living space in the new J.P. Morgan financial center branch format in Palm Beach.Courtesy: JP MorganJPMorgan Chase thinks it has cracked the code on managing more money for America's millionaires.It's not a new financial product, a novel software program or an...
Southwest Airlines starts charging many flyers to check bags this week
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesSet your alarm. Southwest Airlines customers have only one day to go before the company starts charging to check...
How the tycoons behind Kind Bars, Hot Pockets diversify their fortunes
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Billionaire Daniel Lubetzky built his fortune on Kind...
United Airlines reaches labor deal with flight attendants, union says
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract.John Tlumacki | Boston Globe | Getty ImagesUnited Airlines reached an "industry-leading" tentative labor deal for its 28,000 flight attendants, their...
Boeing, DOJ reach deal to avoid prosecution over 737 Max crashes
Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019.Tiksa Negeri | ReutersThe U.S. Justice Department said Friday that it has reached a deal...
Personal finance app Monarch raises $75 million
Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.Courtesy: MonarchThe personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has...
Insurers brace for impact with above-average hurricane season forecast
John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida.Joe Raedle | Getty Images News |...
American Airlines CFO says some travelers are avoiding Newark airport
The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty ImagesAmerican Airlines' chief financial officer said Thursday that some travelers are avoiding Newark Liberty International...
Epic Universe opens as Universal leans into parks, takes on Disney
The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025.Thomas Simonetti | Bloomberg | Getty ImagesORLANDO, Florida — With the grand opening of Epic Universe on Thursday, Comcast is positioning its Universal Studios...
Picklr to open 20 pickleball clubs in Japan
The Picklr facility in Salt Lake City, UtahPacklrThe world's largest pickleball franchise is coming to Japan.The Picklr, a network of indoor pickleball clubs, will open 20 new locations in the Japanese market over the next five years, the company said on Thursday. The...
April home sales dropped to the slowest pace for that month since 2009
A "Sale" sign in front of a home in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty ImagesThe spring housing market continues to struggle amid high interest rates and low consumer confidence.Sales of previously owned homes in April fell...
UnitedHealthcare faces backlash and stock price decline
Flags fly at half staff outside the United Healthcare corporate headquarters in Minnetonka, Minnesota, Dec. 4, 2024.Stephen Maturen | Getty Images News | Getty ImagesIt took six months, countless hours on hold and intervention from state regulators before Sue Cover...
Family offices bet on the U.S. and stocks for 2025, UBS finds
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite growing fears of a " sell America " trade,...
Nike to increase prices on footwear, apparel amid tariffs
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel...
Cigna reaches new deal on Eli Lilly and Novo Nordisk weight loss drugs
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty ImagesOnly half of health insurer Cigna's clients currently cover the popular GLP-1 weight loss drugs Wegovy and Zepbound because of their high...
Canada Goose (GOOS) Q4 earnings report 2025
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a...
Burger King targets families with ‘How to Train Your Dragon’ team-up
Burger King's "How to Train Your Dragon" menu items include the Dragon Flame-Grilled Whopper, Fiery Dragon Mozzarella Fries, Soaring Strawberry Lemonade and the Viking’s Chocolate Sundae.Source: Burger KingAs Burger King enters the next phase of its turnaround...
Lowe’s (LOW) Q1 2025 earnings
A worker collects shopping carts at a Lowe's home improvement store on Feb. 26, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesLowe's on Wednesday stood by its full-year forecast, as growing sales among home professionals helped offset slower demand from...
Toyota redesigns 2026 RAV4 SUV to be hybrid-only
PLANO, Texas — The top-selling SUV in the United States will exclusively be offered as a hybrid model as part of a redesign of the RAV4 lineup, Toyota Motor announced Tuesday night.The world's largest automaker said the 2026 Toyota RAV4 only will be offered as a...
Target (TGT) Q1 2025 earnings
A view of a Target store on March 5, 2025 in Novato, California.Justin Sullivan | Getty ImagesTarget will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth.Here's what Wall Street is expecting...
Why Walmart decided to raise prices and risk Trump’s anger
A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | ReutersLast month, Walmart downplayed how much President Donald Trump's tariffs would affect its business in front of a large audience of investors. CEO Doug McMillon pointed to other...
NFL Commissioner Roger Goodell could double international games
NFL Commissioner Roger Goodell said this week the league is going to lean into international competition and could play as many as 16 games per season abroad in the next 5 years.Goodell appeared at the CNBC CEO Council Summit alongside Marriott CEO Anthony Capuano and...
FDA outlines stricter Covid vaccine approval standards
Brandon Guerrero, of Compton, California, is given both a flu and Covid vaccine at CVS in Huntington Park, California, Aug. 28, 2024.Christina House | Los Angeles Times | Getty ImagesThe Food and Drug Administration on Tuesday outlined new regulatory guidance for...
Cadillac EVs are attracting new customers, including Tesla owners
A Cadillac all-electric 2025 Escalade IQ luxury SUV is displayed during press day of the North American International Auto Show in Detroit, Michigan, September 14, 2023.Rebecca Cook | ReutersDETROIT — Cadillac's expanding all-electric vehicle lineup is attracting a...
Levi to sell Dockers to Authentic Brands Group for $311 million
The Levi's brand logo on a store. Jens Kalaene | Picture Alliance | Getty ImagesLevi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own...
Fanatics Fest skills challenge pits fans vs. celebrities for $2 million
Tom Brady attends Fanatics Fest NYC 2024 at Jacob Javits Center in New York City on Aug. 16, 2024.Dave Kotinsky | Getty Images Entertainment | Getty ImagesSports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming...
JPMorgan’s 2025 summer reading list
Along with the list of 16 books, and increase from prior lists, which had 10, this year's Summer Reading List also includes suggested summer experiences, from the DATALAND exhibit at The Grand LA, to the SailGP racing series and the Hill Family Estate in Napa,...
Home Depot (HD) Q1 2025 earnings
A customer pushes a shopping cart in front of a Home Depot store on Feb. 25, 2025 in San Rafael, California.Justin Sullivan | Getty ImagesHome Depot will report quarterly earnings and revenue on Tuesday as the retailer contends with high interest rates, a sluggish...
Wynn Resorts drops NYC casino license bid
Wynn Resorts is dropping its bid to land a casino license in New York.The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort...
Paramount ousts CBS News CEO Wendy McMahon
Wendy McMahon, president and co-head of CBS News and Stations.Michele Crowe | CBS | Getty ImagesCBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company's news division and...
Chase CEO Jamie Dimon says markets are too complacent
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase...
USTA to invest $800 million in US Open facilities in New York
The USTA unveils the largest single investment in U.S. Open history.USTAThe United States Tennis Association announced on Monday it will make an $800 million investment to transform and modernize tennis facilities for the U.S. Open.The project marks the largest...
Novo Nordisk bets on new CEO to regain weight loss drug edge over Eli Lilly
A view of the logo of Novo Nordisk at the company's office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | ReutersNovo Nordisk is banking on fresh leadership to help it reclaim the crown in the booming weight loss drug market.The...
Netflix to stream Sesame Street episodes later this year
The Netflix logo and Bert & Ernie from Sesame Street:Sam Wasson | Getty Images"Sesame Street" has a new streaming home.Netflix will stream the next three seasons of "Sesame Street," as well as a library of past episodes, securing the future of the longtime...
Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody's decision to downgrade the U.S. credit rating.Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year...
How climate change could hit your credit score
A real estate sign stands in front of a burnt property, following the Palisades Fire at the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 13, 2025. Mike Blake | ReutersAnyone shopping for a mortgage knows how far into your finances lenders like...
David Adelman leads next generation of deal-hungry family offices
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Entrepreneur and family office founder David Adelman...
Bath & Body Works names Daniel Heaf, a recent Nike executive, as CEO
Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024.Justin Sullivan | Getty ImagesBath & Body Works has a new chief executive officer, its second in less than 3 years.The personal care, home and beauty retailer has named Daniel...
Company would avoid prosecution in DOJ deal
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.Eric Thayer | Bloomberg | Getty ImagesThe Justice Department isn't planning to prosecute Boeing in a case tied to two crashes of the aerospace giant's 737 Max, a person familiar with the matter...
How much a 100% ‘Made in the USA’ vehicle might cost
A 2025 Ford Expedition with bronze trim on April 30, 2025 at the automaker's Kentucky Truck Plant.Michael Wayland | CNBCLOUISVILLE, Ky. — A white 2025 Ford Expedition SUV with bronze exterior trim rolls off the assembly line at Ford Motor's Kentucky Truck Plant. It...
Wealthy taxpayers get new breaks under House bill and hidden hike
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. High earners would get a series of tax cuts in the...
Cable companies Charter and Cox to merge
Sopa Images | Lightrocket | Getty ImagesCharter Communications and Cox Communications, two of the largest cable companies in the U.S., have entered into an agreement to merge. The deal would be one of the largest in the industry – and across corporate America – in the...
Ravens QB Lamar Jackson uses horse racing to build up Baltimore
Lamar Jackson with the winners of the 2025 NTL Kickoff Race.Courtesy: National Thoroughbred LeagueBaltimore Ravens quarterback Lamar Jackson has a singular goal both on the football field and as owner of the Maryland Colts horse racing franchise in the National...
Cava (CAVA) Q1 2025 earnings
A customer exits a Cava restaurant in New York City on June 22, 2023.Brendan McDermid | ReutersCava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut...
Walmart to increase some prices due to Trump tariffs
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesPrice increases are coming soon to a Walmart near you.On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known...
Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion
Dick's Sporting Goods said Thursday it plans to acquire rival Foot Locker as it looks to expand its international presence, win over a new set of consumers and corner the Nike sneaker market. Under the terms of the agreement, Dick's will use a combination of...
How unaffordable the housing market is and where it’s getting worse
Ever since the epic run on housing in the first years of the pandemic, fueled by record-low mortgage rates, the market has been plagued by low supply and high prices.Prices in March were 39% higher nationally than they were in March 2019, pre-pandemic, according to...
Why Bill Gates’ pledge to donate his money is harder than it seems
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Microsoft co-founder Bill Gates announced one week...
Bombas taps Jason LaRose as new CEO
Bombas founder David Heath is stepping down from his role as CEO as the socks and T-shirt company looks to expand beyond its direct-to-consumer roots.Bombas President Jason LaRose, a former Under Armour and Equinox executive, will take over as the company's next CEO...
Reddit co-founder Alexis Ohanian takes stake in Chelsea FC Women
Alexis Ohanian, Principal Owner, Angel City Football Club & Los Angeles Golf Club, looks on during a conversation with Olympic sprinter Gabby Thomas during the Business of Women Sport Summit presented by Deep Blue Sports and Axios at Chelsea Factory on April 23,...
Walmart (WMT) Q1 2026 earnings
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesWalmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S. consumer and the impact of...
New York AG James sues Capital One after Trump’s CFPB drops claims
The logo for consumer lending firm Capital One Financial Corp. is seen on its headquarters in McLean, Virginia, on Jan. 20. 2023.Win Mcnamee | Getty Images News | Getty ImagesNew York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of...
Netflix ad tier has 94 million monthly active users
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November.The company and its peers have been increasingly leaning on advertising to boost the...
WBD renaming Max as HBO Max
Scene from season 3 of White Lotus.Source: HBOHBO became HBO Max became Max. Now, it will be HBO Max once more.Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago. The company announced...
Video podcasts having a moment
Jason and Travis Kelce with Dunkin Donuts on the New Heights podcast.Courtesy: WonderyAmazon's second-ever Upfronts pitch to advertisers this week featured an appearance by NFL champion brothers Jason and Travis Kelce. They weren't there to hype live football...
American Eagle withdraws 2025 guidance, says Q1 worse than expected
A customer enters an American Eagle store in Miami, Florida on April 4, 2025.Joe Raedle | Getty ImagesAmerican Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales,...
YouTube will stream NFL Week 1 game in Brazil for free
Patrick Mahomes #15 of the Kansas City Chiefs throws a pass in the first quarter against the Philadelphia Eagles during Super Bowl LIX at Caesars Superdome on February 09, 2025 in New Orleans, Louisiana. Gregory Shamus | Getty Images Sport | Getty ImagesYouTube will...
Spirit Airlines introduces extra legroom seats in push for premium
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines announced on Tuesday that it will offer new premium options for its...
Hertz shares plummet after weak Q1, $250 million stock offering
DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering.Hertz shares were off more than 20% during early morning trading before leveling to be off...
GM unveils new EV battery tech, aims to be first to market
General Motors battery technician Steven Petty Jr. focuses on aligning electrodes on an anode sample for a prototype LMR battery cell in the making. Photo by Steve Fecht for General MotorsWARREN, Mich. — General Motors expects to pioneer a new "groundbreaking" EV...
ESPN's new all-access streaming app will cost $29.99 per month
ESPN will charge $29.99 per month for its full-service streaming product, or $35.99 per month when bundled with Disney+ and Hulu ad tiers.
UnitedHealth Group CEO Andrew Witty steps down
Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in the Dirksen Building in Washington, D.C., on May 1, 2024.Tom...
Toyota redesigns bZ4x, its only U.S. EV, as 2026 bZ
Toyota Motor on Tuesday revealed a redesigned version of its sole all-electric vehicle in the U.S., with a simplified name and notable increases in EV technologies and capabilities.The new name for the EV for the 2026 model year is the "bZ," cut down from the "bZ4X."...
McDonald’s announces plans to hire 375,000 workers with Trump Labor secretary
The logo of McDonald's (MCD) is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald's on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer.While McDonald's has long...
Trump most favored nations drug price executive order: What to know
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesPresident...
Toy stocks rally after levies slashed
Toys made by Mattel, Hasbro and others are seen at a Macy's store in New York.Staff | ReutersShares of major toy makers rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.The agreement will pause most tariffs and other trade barriers for 90...
FAA launches Newark airport task force with Verizon, L3Harris execs
U.S. Transportation Secretary Sean Duffy speaks to reporters during a news conference on Newark Liberty International Airport at the Department of Transportation Headquarters on May 12, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesThe Trump administration on...
NBC taps Michael Jordan as NBA contributor
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, walks the grid prior to the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway in Homestead, Florida, on Oct. 27, 2024.James Gilbert | Getty Images Sport | Getty ImagesNBC is adding...
GM hires ex-Tesla, Aurora exec Sterling Anderson as chief product officer
The 2026 Cadillac Vistiq EV.CadillacDETROIT — General Motors has hired Sterling Anderson, a former Tesla executive and co-founder of autonomous vehicle company Aurora Innovation, as its chief product officer.In the newly created position, Anderson will oversee the...
Fox One streaming service to launch before NFL season
Marquee at the main entrance to the FOX News Headquarters at NewsCorp Building in Manhattan. Erik Mcgregor | Lightrocket | Getty ImagesFox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the National Football League season...
Trump to sign most favored nation drug pricing order
US President Donald Trump participates in a celebration of military mothers in the East Room of the White House in Washington, DC, on May 8, 2025. Jim Watson | AFP | Getty ImagesPresident Donald Trump on Monday will revive a controversial policy that aims to slash...
Walgreens doubles down on robots to fill prescriptions amid turnaround
A robotic arm fills prescriptions at a Walgreens' micro-fulfillment center.Courtesy: WalgreensAs struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. The company is expanding the number of retail stores served by its...
Trump trade war brings renewed importance
Michelle Monaghan, Leslie Bibb, and Carrie Coon in 'The White Lotus' on HBO. Courtesy: Fabio Lovino | HBOMedia companies are staring down widespread economic uncertainty as their annual pitch to advertisers and marketers kicks off.This week legacy entertainment giants...
Rare platinum Rolex heads to auction, could fetch $1.7 million
A rare 1999 platinum Rolex Daytona featuring a mother-of-pearl dial with diamond hour markers — one of only four known to exist.Courtesy of Sotheby'sA legendary timepiece is about to step into the spotlight.A 1999 platinum Rolex Daytona is heading to auction on Sunday...
ESPN flagship streaming app to be named ‘ESPN,’ sources say
A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024.Wes Hale | UFL | Getty ImagesAt long last, ESPN has chosen a name for its upcoming all-access streaming service.Ready?It's "ESPN."Disney's sports media...
Newark air traffic controllers lost contact with planes overnight
A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers who guide planes in and out of Newark Liberty...
Something ‘striking’ is happening with apartment renters
Renting has its benefits. It's usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That's why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now.The low...
Teal Health at-home cervical cancer screening test wins FDA approval
The Food and Drug Administration on Friday approved the first-ever at-home test for cervical cancer screening, developed by San Francisco-based startup Teal Health.The company began developing the prototype for its Teal Wand just over five years ago. The concept was...
Art market offers investors ‘escape’ from volatile stocks
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The art market is about to face its biggest test...
Ferrero changes Nutella, Ferrero Rocher in U.S. market
Containers of Nutella hazelnut spread made by the Ferrero company is displayed on March 27, 2024 in San Anselmo, California. Justin Sullivan | Getty Images News | Getty ImagesFerrero North America is adding peanuts to its Nutella, turning its Ferrero Rocher spheres...
Bill Gates doubles giving to $200 billion, ‘virtually all’ his wealth
Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission's Berlaymont headquarters in Brussels on October 11, 2023.Simon Wohlfahrt | Afp | Getty ImagesBillionaire Bill Gates announced on Thursday that he...
Krispy Kreme stock plunges after McDonald’s rollout pause
Justin Sullivan | Getty Images News | Getty ImagesKrispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is "reassessing" its rollout with McDonald's and pulled its full-year outlook in part due to economic "softness."Krispy Kreme is not...
Family offices bet on AI even as deals slow
Jack Hidary, CEO of SandboxAQCourtesy of SandboxAQA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your...
Restaurant Brands International (QSR) Q1 2025 earnings
A Burger King restaurant is seen on October 25, 2024 in New York City. Michael M. Santiago | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts' expectations as same-store sales of Popeyes, Burger King...
Soccer fandom to improve maternal health
Mother's Day on Sunday marks the launch of an innovative program to improve maternal health by harnessing the power of soccer fandom.The World Health Organization says maternal mortality is unacceptably high. More than 700 women died every day in 2023 from preventable...
March Madness drags down first-quarter results
Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA's college basketball tournament weighed on overall first-quarter results for FanDuel's parent company. The global sports and online gambling platform reported first-quarter adjusted earnings per...
Saudi fund deepens investment in women’s professional golf
PIF will become the title sponsor of revamped golf series.Severn ImagesSaudi Arabia is deepening its investment in women's professional golf.The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, announced on Wednesday that it will become the title...
Carvana (CVNA) earnings Q1 2025
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesDETROIT — Carvana's first-quarter results easily topped Wall Street's expectations as the company reported record sales driven by higher-than-expected...
Why U.S. air traffic control is under strain
An airport control tower is seen at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers have been under strain for years, but a 90-second equipment failure last week exposed how decades of...
Netflix adds OpenAI-powered search tool to revamped homepage and app
Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search.Courtesy: NetflixNetflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier...
Used vehicle prices jump to highest level since 2023 amid auto tariffs
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed...
Banks keep high rates inspired by now-dead CFPB rule
The New York Stock Exchange is seen during morning trading on July 31, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesLast year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a...
Disney Abu Dhabi theme park and resort coming
A new Disney theme park is coming to Abu Dhabi.The Walt Disney company announced Wednesday that it has reached an agreement with immersive destination and experiences company Miral to bring a park and resort to Yas Island in the United Arab Emirates.This will be...
Comcast SpinCo chooses corporate name Versant
Comcast's spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker.The new company chose Versant (pronounced like the root of the word...
Former LPGA golfer Michelle Wie West invests in Togethxr
Former LPGA golf star Michelle Wie West is taking on a bigger role in growing women's sports — from off the course.On Tuesday, Wie West announced she has signed on as the latest athlete investor in Togethxr, the company behind the popular "Everyone Watches Women's...
Rivian Automotive (RIVN) Q1 2025 earnings
Workers assemble second-generation R1 vehicles at electric automaker Rivian's manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersRivian Automotive on Tuesday beat Wall Street's expectations for the first quarter and confirmed its...
Disney (DIS) earnings Q2 2025
Daytime fireworks launch over Cinderella Castle during a performance of "Mickey's Magical Friendship Faire" in the Magic Kingdom at Walt Disney World, Bay Lake, Florida, April 30, 2024. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images)Orlando...
Comcast’s Xfinity Mobile gets Philadelphia arena naming rights
Igor Golovniov | Lightrocket | Getty ImagesThe Philadelphia home of the NBA's 76ers and NHL's Flyers is getting a new name.Beginning in September the sports and entertainment venue in South Philadelphia will be named the Xfinity Mobile Arena, rebranding from the...
Ferrari posts upswing in first-quarter profit, confirms 2025 guidance
The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025.Picture Alliance | Picture Alliance | Getty ImagesLuxury...
Toy manufacturing won’t come to U.S., but price hikes will
One of the goals of President Donald Trump's 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys."We don't see that happening," Mattel CEO Ynon Kreiz said on CNBC's "Squawk Box" Tuesday,...
Hispanic shoppers are spending less on groceries, pressuring companies
Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty ImagesHispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said...
Trump signs order to boost U.S. drug manufacturing
U.S. President Donald Trump speaks before signing executive orders in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025.Leah Millis | ReutersPresident Donald Trump on Monday signed an executive order to incentivize prescription drug...
Newark flight delays sparked by air traffic control failure
People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty ImagesAir traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their...
FanDuel Sports Network touts streaming subscriber growth
The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers.FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight...
Ford Motor (F) earnings Q1 2025
The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCDETROIT – Ford Motor is set to report its first-quarter earnings after the markets close Monday, but investor focus is expected to be more on the automaker's 2025...
MLS, EA agree to stream four soccer matches on EA Sports FC Mobile
Javier Hernandez, #14 of the Los Angeles Galaxy. takes a shot on goal during a game between New York Red Bulls and Los Angeles Galaxy at Dignity Health Sports Park on in Carson, California, on April 25, 2021.Michael Janosz | Getty ImagesMajor League Soccer games are...
Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%
The entrance of the Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesFootwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly...
Movie studio stocks fall after Trump proposes foreign film tariff
The famed Hollywood sign is viewed on September 25, 2023 in Los Angeles, California. Mario Tama | Getty ImagesInvestors in Hollywood's top studios and streaming services were spooked Monday after President Donald Trump proposed implementing a 100% tariff on movies...
MLS sponsorships spike as U.S. soccer gains popularity
Lionel Messi #10 of Inter Miami shoots during the first half against the Columbus Crew at Huntington Bank Field on April 19, 2025 in Cleveland, Ohio. Miami defeated Columbus 1-0. Jason Miller | Getty Images Sport | Getty ImagesThe rising popularity of soccer in the...
Inside GM’s battle to revive Cadillac as the American luxury car brand
The "Saarinen Lobby" inside General Motors' global design headquarters on the campus of its Warren Technology Center outside of Detroit, Michigan.GMWARREN, Mich. — Walking into General Motors' global design headquarters is like taking a step back in time. Much of the...
Retailers urge shoppers to buy before Trump tariffs raise prices
Retailers bracing for consumer spending to drop are using President Donald Trump's trade war as a marketing strategy, urging consumers to buy now before tariffs lead to price increases or potential shortages. A host of private and direct-to-consumer brands such as...
Trump China tariffs hit wedding dresses and bridal shops
Denise Buzy-Pucheu, founder and owner of The Persnickety Bride, said steep tariffs on imports from China are hurting U.S. businesses, including bridal shops and wedding dress designers. Some of the brands she carries have added a tariff surcharge.Courtesy of The...
Nike, Adidas and other footwear giants ask Trump for tariff exemption
A man shops for shoes at a Nike outlet store in Los Angeles, California on April 10, 2025.Frederic J. Brown | Afp | Getty ImagesAmerica's largest shoe brands are asking President Donald Trump for a tariff reprieve.The Footwear Distributors and Retailers of America...
United Airlines blames FAA for hundreds of Newark flight disruptions
United Airlines airplanes proceed to a runway at Newark Liberty International Airport on Feb. 20, 2025, in Newark, New Jersey.Gary Hershorn | Corbis News | Getty ImagesUnited Airlines passengers faced hourslong delays again Friday as air traffic controller staffing...
American Airlines debuts new suites with sliding doors
American Airlines seat for its new Flagship Suite seatsTKTKAmerican Airlines' new suites with sliding doors are set to start flying on some of its planes in June, a key part of its strategy to compete against more profitable rivals for high-spending customers.American...
Netflix stock trading at all-time highs in unprecedented win streak
Netflix is on a winning streak.The streaming giant's stock has traded for 11 straight days without a decline, the company's longest positive run ever.Stock Chart IconStock chart iconNetflix stock since April 17.Its previous record was a nine-day stretch in late 2018...
Churchill Downs CEO sees strong demand despite uncertainty
The 151st running of the Kentucky Derby is set for Saturday amid a backdrop of global economic uncertainty, waning consumer confidence and tariffs that could cause construction costs to rise.Churchill Downs has paused a $900 million capital improvement project at its...
Amazon MGM Studios set to fill a gap in Hollywood’s movie slate
Cast of the Amazon MGM Studios CinemaCon 2025 seen at the Amazon MGM Studios CinemaCon 2025 presentation at The Colosseum at Caesars Palace on April 02, 2025 in Las Vegas, Nevada. Stewart Cook | Getty Images Entertainment | Getty ImagesTech is saving Hollywood —...
L3 Harris redoing Qatari jet as potential Air Force One after Boeing delays
First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan....
How horse owners invest and potentially earn millions
Mystik Dan #3, ridden by jockey Brian J. Hernandez Jr. (R), crosses the finish line ahead of Sierra Leone #2, ridden by jockey Tyler Gaffalione and Forever Young, ridden by jockey Ryusei Sakai to win the 150th running of the Kentucky Derby at Churchill Downs on May...
Automakers see strong April sales increases amid tariff fear-buying
The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCDETROIT — Automakers such as Ford Motor, Hyundai Motor and Kia on Thursday reported significant year-over-year U.S. sales increases in April, as consumers rushed...
Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz US International factory in Vance, Alabama on June 8, 2017. Andrew Caballero-Reynolds | AFP | Getty ImagesMercedes-Benz on Thursday said it will add a new vehicle to...
Eli Lilly CEO David Ricks discusses Trump pharmaceutical tariffs
CEO of Eli Lilly and Company David Ricks speaks at the Economic Club of New York on March 12, 2024 in New York City. Spencer Platt | Getty ImagesEli Lilly CEO Dave Ricks on Thursday said the drugmaker can help "respond" to national security concerns around cheaper...
Billionaire Lukas Walton picks new CIO for his family office
Noelle Laing, chief investment officer of Builders Vision.Courtesy of Builders VisionA version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future...
CVS Health (CVS) earnings Q1 2025
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.Jakub Porzycki | Nurphoto | Getty ImagesCVS Health on Thursday reported first-quarter earnings and revenue that topped estimates and hiked its guidance, as its troubled insurance business showed...
GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCDETROIT – General Motors on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President...
Eli Lilly (LLY) earnings Q1 2025
The Eli Lilly & Co. logo at the company's Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024.Ore Huiying | Bloomberg | Getty ImagesEli Lilly on Thursday reported first-quarter revenue and earnings that topped estimates as demand for...
CVS to boost access to weight loss drug Wegovy for Caremark patients
The "Wegovy" brand slimming syringe is sold in the Achat pharmacy in Mitte. The "Wegovy" slimming syringe has been available in Germany for a year.Jens Kalaene | Picture Alliance | Getty ImagesCVS Health on Thursday said it will significantly expand access to the...
McDonald’s (MCD) Q1 2025 earnings
The logo of McDonald's (MCD) is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald's is expected to report its first-quarter earnings before the bell on Thursday.Here's what Wall Street analysts surveyed by LSEG are expecting the company to...
Ford CEO says Trump’s tariff changes are helpful, but still not enough
Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025.Michael Wayland | CNBCLOUISVILLE, Kentucky – President Donald Trump's reprieve for automotive parts tariffs is helpful, but more changes are...
RFK Jr. cuts jobs at minority health offices at HHS
Employees of the Department of Health and Human Services (HHS) stand outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control and Prevention and at the Food and Drug...
Dollar General stock performance among best of Trump’s first 100 days
The Dollar General in Snow Hill, Maryland on April 2, 2024.Deb Lindsey | The Washington Post | Getty ImagesDollar General is among the best-performing stocks in the first 100 days of President Donald Trump's second term.Since Trump's Jan. 20 inauguration, shares of...
Yum Brands (YUM) Q1 2025 earnings
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas. Pizza Hut's third-quarter revenue fell short of analysts' expectations for same-store sales. Brandon Bell | Getty ImagesYum Brands on Wednesday reported mixed quarterly results as Pizza Hut's same-store...
GLP-1s can help employers lower medical costs in 2 years: study
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro.Picture Alliance | Getty ImagesThe growing demand for diabetes and weight loss drugs like Mounjaro, Ozempic and Wegovy has helped fuel higher health costs for large employers. For many, the big question is...
Oddity Tech (ODD) earnings Q1 2025
As the retail industry braces for profits to take a hit from tariffs, Oddity Tech is bucking the trend and raising its outlook after another quarter of outsized growth, the company said Tuesday. The beauty and tech retailer behind Il Makiage and Spoiled Child hiked...
Trump signs order easing some auto tariffs
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — President Donald Trump on Tuesday...
Starbucks (SBUX) Q2 2025 earnings
A pedestrian holds a Starbucks cup in Sacramento, California, on April 28, 2025.David Paul Morris | Bloomberg | Getty ImagesStarbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG...
JetBlue to partner with a U.S. airline in coming weeks, president says
JetBlue Airways ranked no. 1 in customer satisfaction for best in first and business class.Aaronp/bauer-griffin | Gc Images | Getty ImagesJetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks,...
Trump tariff uncertainty is deterring U.S. investment
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersPfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump's planned...
United Airlines grows highest-end Polaris airport lounge by 50%
United Airlines Polaris lounge in ChicagoUnited AirlinesUnited Airlines' top-tier airport lounge reopened in Chicago on Tuesday, featuring a 50% larger space and Crate & Barrel furnishings as carriers' battle for higher-spending customers becomes more crucial.The...
Novo Nordisk opens Wegovy to telehealth in push for new patients
The "Wegovy" brand slimming syringe is sold in the Achat pharmacy in Mitte. The "Wegovy" slimming syringe has been available in Germany for a year.Jens Kalaene | Picture Alliance | Getty ImagesNovo Nordisk on Tuesday said it will offer its weight loss drug Wegovy...
Pfizer (PFE) earnings Q1 2025
The Pfizer logo is seen outside the pharmaceutical company’s manufacturing plant, in Newbridge, Ireland February 10, 2025. Clodagh Kilcoyne | ReutersPfizer on Tuesday expanded its cost-cutting efforts and reported first-quarter profit that topped estimates, even as...
SoFi CEO says fintech bank is bringing back crypto investing
Anthony Noto, CEO of SoFi.Adam Jeffery | CNBCSoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing after a "fundamental shift" in the regulatory landscape under the Trump administration.SoFi was forced to drop crypto investing in late...
Donald Trump Jr. co-founds private members club Executive Branch
A new private membership club in Washington, D.C., co-founded by Donald Trump Jr., is charging a $500,000 membership fee — and there's already a waiting list.The club, called Executive Branch, held a launch party on Saturday night that included at least a half dozen...
General Motors (GM) earnings Q1 2025
GMC trucks are displayed at Hanlees Hilltop GMC in Richmond, California, on Jan. 28, 2025.Justin Sullivan | Getty ImagesDETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday, but investors are more likely to focus on the...
NFL Washington Commanders return to D.C. in $3.7 billion deal
A detail view of a Washington Commanders helmet on the field during a game against the Los Angeles Rams at SoFi Stadium on December 17, 2023 in Inglewood, California.Ric Tapia | Getty ImagesThe Washington Commanders are headed back to the District of Columbia.The NFL...
Wealthy consumers up spending while the rest of America cuts back
Shoppers walk through the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025.Rachel...
Temu adds ‘import charges’ after Trump tariffs
Jaque Silva | Nurphoto | Getty ImagesChinese e-tailer Temu has started adding "import charges" of about 145% in response to President Donald Trump's tariffs.The fees, which began cropping up over the weekend after price hikes went into effect on Friday, cost more than...
Corporate sponsors are backing away from LGBTQ+ Pride organizations
Revelers attend the annual LGBTQ+ Capital Pride parade in Washington D.C., U.S., June 8, 2024.Leah Millis | ReutersCompanies that were once loud and proud in supporting LGBTQ+ community celebrations are pulling back.LGBTQ+ Pride festivals across the country have faced...
Plane tickets are getting cheaper as domestic travel demand weakens
Is a recession brewing in row 33?Airline CEOs this month warned Wall Street that passengers' appetite for domestic trips is coming in lighter than they had hoped when they set forecasts high at the start of 2025.On a series of earnings calls, they said the reasons...
More Americans buy groceries with buy now, pay later loans
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesA growing number of Americans are using buy now, pay later loans to buy groceries, and more people are paying those bills late, according to new...
Car purchases rise, consumer spending slows
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas.Brandon Bell | Getty ImagesAt car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers...
Trade war is opportunity for Latin America
MercadoLibre CEO Marcos GalperinCNBCThe CEO of Argentina's MercadoLibre — often called the Amazon of Latin America — sees big opportunity for Latin America in the U.S.-China trade war."If Latin America plays its cards well, I think could benefit from this volatility,"...
Private jet demand declines as tariffs spook would-be buyers
A Cessna Citation jet aircraft is viewed at Charles M. Schulz Sonoma County Airport in this aerial photo taken on June 1, 2021, near Healdsburg, California.George Rose | Getty ImagesWith consumer confidence tumbling, demand for commercial air travel has waned. Even...
Novo Nordisk legal win bars many compounded Wegovy, Ozempic drugs
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus...
As Trump targets nonprofits, wealthy donors wary of stepping up giving
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy philanthropists are grappling with a new...
American liquor exports hit record high in 2024, driven by tariffs
FILE PHOTO: Workers package bottles of Jack Daniel's Single Barrel Select Tennessee Whiskey at the company's distillery in Lynchburg, Tennessee, U.S., on Tuesday, May 18, 2021.Luke Sharrett | Bloomberg | Getty ImagesU.S. spirit exports reached a record $2.4 billion in...
Pepsi, Chipotle, P&G cut earnings forecasts
A Chipotle store stands in the Bronx on April 23, 2025 in New York City.Spencer Platt | Getty ImagesFrom Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an...
Hasbro China tariffs could cause up to $300 million impact
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023.Brandon Bell | Getty ImagesIf President Donald Trump's 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom...
March home sales drop to slowest pace since 2009
A "For Sale" sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | ReutersHigher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market.Sales of previously owned homes in March...
Merck (MRK) earnings report Q1 2025
Nurphoto | Nurphoto | Getty ImagesMerck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal.The company now expects its 2025 adjusted earnings to come in between $8.82 and $8.97, down...
Bristol Myers Squibb (BMY) earnings Q1 2025
FILE PHOTO: The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday beat first-quarter estimates and hiked its revenue and...
American Airlines (AAL) 1Q 2025 earnings
American Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year."We came off a strong fourth quarter, saw decent...
Procter & Gamble (PG) Q3 2025 earnings
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble on Thursday reported mixed quarterly results as demand for its products fell.The company, which owns Tide and Charmin, also slashed its full-year forecast for...
Comcast (CMCSA) earnings Q1 2025
Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)Justin Sullivan | Getty ImagesComcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers...
PepsiCo (PEP) Q1 2025 earnings
Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City. Spencer Platt | Getty ImagesPepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America.The food and beverage giant also cut...
Alaska Air (ALK) 1Q 2025 earnings
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024.Stephen Brashear| Bloomberg | Getty ImagesAlaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the...
Southwest Airlines (LUV) earnings Q1 2025
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025.Kevin Carter | Getty Images News | Getty ImagesSouthwest Airlines said Wednesday that it will reduce its capacity...
Trump considering some exemption for automakers
People work on the production line of auto parts at a carmaker in Qingdao in east China's Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty ImagesPresident Donald Trump is considering exemptions for automakers from some...
Chipotle Mexican Grill (CMG) Q1 2025 earnings
The Chipotle logo is seen in New York City on July 16, 2024.Jakub Porzycki | Nurphoto | Getty ImagesChipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Wednesday.Here's what Wall Street analysts surveyed by LSEG are expecting the...
Ford launches exclusive experience program for its priciest pickups
Ford is launching a program that aims to give its "Platinum Plus" pickup truck customers a more curated, exclusive experience.Michael Wayland / CNBCDEARBORN, Mich. — Ford Motor is launching a program that aims to give its most premium pickup truck customers a more...
International tourists to U.S. fall, but Americans keep going abroad
Tourists look at the Bridge of Sighs in Venice, Italy, on Aug. 25, 2021.Andrea Merola | Bloomberg | Getty ImagesCaroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish...
Trump inauguration donors include Meta, Amazon, Target, Delta, Ford
U.S. President Donald Trump delivers remarks at the Business Roundtable's quarterly meeting at the Business Roundtable headquarters on March 11, 2025 in Washington, DC. Andrew Harnik | Getty ImagesAmerica's richest and most powerful companies shelled out millions to...
Trump tariffs urge U.S. auto production. Here’s why that’s complicated
Ford Motor Company's electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022.Jeff Kowalsky | AFP | Getty ImagesDETROIT – When President Donald Trump hinted last week at a reprieve from 25% auto...
China stopped taking aircraft amid Trump’s trade war
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that's seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods.Bloomberg | Bloomberg | Getty ImagesBoeing could hand over...
Comcast, Charter lean into mobile service
10'000 Hours | Digitalvision | Getty ImagesCable companies are increasingly calling on mobile for their next big opportunity.The cable industry's foray into wireless has long been considered a retention tool for the behemoth broadband business. Less than a decade...
Asian American viewership sports streaming Nielsen
Los Angeles, CA, Wednesday, April 2, 2025 - Los Angeles Dodgers designated hitter Shohei Ohtani (17) celebrates as he approaches home plate after hitting a game-winning, walk off homer to beat the Atlanta Braves 6-5 at Dodger Stadium,. Robert Gauthier | Los Angeles...
Boeing (BA) Q1 2025 earnings
A Boeing 737 aircraft fuselage is pictured at the company's Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty ImagesBoeing is set to report results before the market opens on Wednesday, when Wall Street expects to see some...
Eli Lilly sues compounded Mounjaro, Zepbound providers
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly is suing four telehealth companies selling compounded versions of the pharmaceutical giant's weight loss drug Zepbound and...
WBD starts Max password-sharing crackdown
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery is taking a page out of Netflix's playbook.In an apparent move to crack down on password sharing outside the home, the company's streaming service Max has launched a new feature it is calling Extra Member...
FDA announces food dye ban
Candy is displayed for sale, as U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., along with FDA Commissioner Marty Makary, announce the FDA's intent to remove from the U.S. food supply "petroleum-based synthetic" food dyes, which are present in...
Auto groups lobby against parts duties
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan.Bill Pugliano | Getty ImagesDETROIT – Six of the top policy groups representing the U.S. automotive industry are...
NYC’s most expensive home lists for $110 million
Since launching the quadplex earlier this month, listing agent Nikki Field with Sotheby's said interest has been encouraging: "Several highly qualified individuals have already inquired and toured the residence. There's real momentum."Rendering provided by Sotheby's...
RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE's aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil.YASUYOSHI CHIBA | AFP | Getty ImagesRTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump's...
Andre Agassi to play first pro pickleball tournament
Andre Agassi will make his professional pickleball debut with 18-year-old world No. 1 player, Anna Leigh Waters.Courtesy of Andre Agassi and Anna Leigh Waters.Tennis legend Andre Agassi is joining the pro pickleball ranks.The former No. 1 ranked tennis player told...
Fruitist berry startup worth $1 billion, backed by Ray Dalio office
Sales of Fruitist's jumbo blueberries have tripled over the last 12 months, according to the company.Source: FruitistBerry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries.The company,...
Chipotle to expand in Mexico amid Trump tariffs
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty ImagesChipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.The...
Rich Americans opening Swiss bank accounts fearing U.S. risks
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A growing number of wealthy Americans are opening...
Canadian small businesses are taking Trump’s tariffs personally
Close-up of 'Shop Canadian' poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025.Artur Widak | Nurphoto | Getty ImagesJust across the U.S.-Canada border, some small businesses are taking tariffs personally.President Donald Trump has...
Netflix maintained its 2025 guidance. There’s a catch
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 executives messaged Thursday that all is well with the business in the face of economic turbulence. But its...
Harvard’s battle with Trump creates thorny financial situation
Harvard University's Dunster House in Cambridge, Massachusetts.Blake Nissen for The Boston Globe via Getty ImagesHarvard's brewing conflict with the Trump administration could come at a steep cost — even for the nation's richest university.On April 14, Harvard...
IRS staff cuts mean fewer audits of the wealthy
People walk in the rain past the Internal Revenue Service (IRS) building in Washington, D.C., U.S., April 11, 2025. Jonathan Ernst | ReutersA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the...
American Express cardholders still spending despite Trump tariffs
American Express's affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC.Billed business on AmEx cards rose 6% in the...
(CHA) starts trading on the Nasdaq
People are shopping at a CHAGEE store in Shanghai, China, on October 18, 2023. Costfoto | Nurphoto | Getty ImagesShares of Chinese tea chain Chagee soared 30% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between...
Netflix (NFLX) earnings Q1 2025
Beata Zawrzel | Nurphoto | Getty ImagesNetflix is due to report first-quarter earnings after the closing bell Thursday.The report marks the first time that the streaming giant isn't disclosing quarterly subscriber data as it shifts its strategy to focus on revenue and...
UnitedHealth’s guidance cut may mean trouble for more insurers
The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020.Mike Blake | ReutersUnitedHealth Group's stock sank 20% on Thursday after the company slashed its annual profit forecast, citing...
Eli Lilly weight loss pill orforglipron clears first late-stage trial
Eli Lilly on Thursday said its daily obesity pill met the company's goals in the first of several late-stage trials, helping patients with Type 2 diabetes lower their blood sugar and body weight and showing safety comparable with popular injections on the market. The...
Target CEO to meet with Al Sharpton after DEI-rollback
People walk past Target Store in Midtown Manhattan on March 6, 2025 in New York City, United States. Mostafa Bassim | Anadolu | Getty ImagesTarget CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and...
Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersNissan Motor's new Americas leader said the automaker is aiming to "max out" production at its largest American production plant...
Medical product manufacturers are divided over Trump’s tariffs
President Donald Trump's tariffs are creating a divide in the medical community.Medical devices and protective gear made in China, Mexico and Canada were exempt from duties during the first Trump administration, but so far have not gotten a reprieve from his newest...
Tariffs have generated $500 million since April 5
Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany.Sean Gallup | Getty Images News | Getty ImagesU.S. Customs and Border Protection appears to be...
Wall Street trading revenue boosted by Trump policy volatility
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersWall Street banks just posted their biggest-ever haul from stock trading...
Heineken raises concerns during earnings
Imported beer, including Heineken, for sale at a store in New York City on April 10, 2025. Timothy A. Clary | Afp | Getty ImagesHeineken shrugged off the threat of tariffs earlier this year, but now the company is raising more concerns about potential disruptions to...
Proposed SNAP cuts could pressure low-income shoppers and retailers
Shoppers at the Walmart Supercenter in Burbank in Burbank Thursday, Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesFor millions of low-income Americans — already rattled by the threat of tariffs and higher prices — changes to a program that helps...
JPMorgan Chase infinite money glitch: Bank sues more customers
A person uses an ATM at a Chase bank in New York City on November 19, 2024. Charly Triballeau | AFP | Getty ImagesJPMorgan Chase this week began suing more customers it has accused of stealing funds from the nation's largest bank in last year's so-called "infinite...
U.S. vehicle supply falls amid tariff fear-buying
Brand new KIA cars are displayed on the sales lot at Serramonte Kia on March 26, 2025 in Colma, California. Justin Sullivan | Getty ImagesDETROIT – Supplies of new and used vehicles for sale in the U.S. are declining rapidly as consumers flock to purchase cars and...
United Airlines (UAL) Q1 2025 earnings
A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025.Charly Triballeau | Afp | Getty ImagesUnited Airlines maintained its...
Universal’s Epic Universe park to generate billions for Florida
The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025. Epic Universe, the $7 billion attraction from Comcast Corp.'s Universal Destinations & Experiences division, offers five distinct lands and opens to the public...
Citigroup (C) earnings Q1 2025
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty...
American Airlines to make Wi-Fi free on most of its fleet in 2026
An American Airlines plane on the runway at Miami International Airport in Miami, Florida, on Oct. 25, 2024.Joe Raedle | Getty ImagesAmerican Airlines plans to offer Wi-Fi for free starting in January as more carriers opt for complimentary internet service for their...
Bank of America (BAC) earnings Q1 2025
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024. Jeenah Moon | Bloomberg | Getty ImagesBank of America is scheduled to report first-quarter earnings before the...
Auto stocks rise as Trump says he wants to ‘help’ some car companies
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersDETROIT — Shares of automakers jumped during midday trading Monday...
Airlines bank on splurging vacationers as clouds form on economy
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022.AaronP | Bauer-Griffin | GC Images | Getty ImagesAirlines have a bird's eye view of the economy, and CEOs are seeing clouds.Delta Air Lines and Frontier Airlines pulled their 2025...
Pfizer scraps daily weight loss pill danuglipron after a liver injury
Kena Betancur | Corbis News | Getty ImagesPfizer on Monday said it would end development of its experimental daily weight loss pill after a patient experienced a liver injury that was potentially caused by the drug in a trial. The patient did not experience any...
Goldman Sachs (GS) earnings Q1 2025
David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023.Win Mcnamee | Getty ImagesGoldman Sachs is scheduled to report first-quarter earnings before the opening...
Sports teams adopt tactile tech for blind and low-vision fans
Jordan Moon (left) and Macaulay Beasley (right) use OneCourt tablets at the Phoenix Suns vs. Minnesota Timberwolves game in Phoenix on March 2.Courtesy: Phoenix SunsDuring a break at the March 2 game between the NBA's Phoenix Suns and Minnesota Timberwolves, a player...
Auto tariffs expected to cut sales by millions, cost $100 billion
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — As President Donald Trump's 25%...
Real ID deadline is May 7. Here’s what to know before you fly
Homeland Security sign for REAL ID at entrance to passenger TSA security area, West Palm Beach, Florida.Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesTravelers take note: The federal government says it will start enforcing Real ID requirements at U.S....
GM cutting jobs, idling Canadian electric van plant
Brightdrop EV600 vanSource: BrightdropDETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year.The plant will be reduced from two shifts to one shift —...
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That's the highest rate since mid-February.Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week...
Mattel, Hasbro stocks sink after Trump’s China tariffs
Toys made by Mattel, Hasbro and others are seen at a Macy's store in New York.Staff | ReutersThere's trouble in Toyland.Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump's escalated trade war with China.On Friday, Mattel shares hit...
Hollywood Chinese box office was in decline even before Trump tariffs
Posters of film 'Despicable Me 4', film 'Stand By Me' and film 'A Legend' are displayed at the entrance of a cinema on July 16, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesHollywood is being pulled into President Donald Trump's trade war.After Trump...
Trump pharmaceutical tariffs may raise costs, worsen drug shortages
A pharmacist collects medications for prescriptions at a pharmacy.Simon Dawson | Bloomberg | Getty ImagesPresident Donald Trump's planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some...
New York is the richest city. Here’s who is gaining ground
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite the recurring narrative of wealth flight, New...
Jamie Dimon expects S&P 500 earnings estimates to fall amid uncertainty
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C.Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie Dimon...
Frontier Airlines cuts flights after travel demand fell in March
Frontier AirlinesNurphoto | Nurphoto | Getty ImagesFrontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an "uncertain environment."The budget airline also cut its first-quarter outlook. Frontier said...
MLB could see private equity interest as uncertainties lie ahead
A Major League Baseball logo at Angel Stadium in Anaheim, California, on May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball is increasingly drawing private equity investors as the league faces major shifts in player salaries and media rights.Private...
Morgan Stanley (MS) Q1 2025 earnings
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty ImagesMorgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global...
JPMorgan Chase (JPM) earnings Q1 2025
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report first-quarter earnings...
Wealthy load up on cash, gold, family trusts during market turmoil
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy investors have made the best trade over the...
State Farm pleads for emergency rate hikes on California homeowners
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty ImagesState Farm is making its case this week for a major rate hike for California homeowners in a hearing...
Modelo owner Constellation says Trump immigration policy hitting beer sales
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | ReutersPresident Donald Trump's tariffs aren't the only presidential policy that is weighing on Constellation...
Trump pivot on tariffs shows Wall Street still has a seat at his table
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York City. Michael M. Santiago | Getty ImagesWith each passing day since President Donald Trump's sweeping tariff announcement last week, a growing sense of...
MLB weighs salary cap as potential 2026 lockout looms
Major League Baseball Commissioner Rob Manfred answers questions during an MLB owner's meeting at the Waldorf Astoria on February 10, 2022 in Orlando, Florida.Julio Aguilar | Getty ImagesFor decades, Major League Baseball has stood alone among the major U.S. sports...
Sam’s Club to expand stores amid Costco, BJ’s competition
Sam's Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane.Sam's ClubDALLAS, Texas — Walmart-owned Sam's Club plans...
Trump says pharmaceutical tariffs are coming, stocks fall
The Lilly Biotechnology Center in San Diego, California, on March 1, 2023.Mike Blake | ReutersShares of drugmakers fell on Wednesday after President Donald Trump doubled down on plans to impose tariffs on pharmaceuticals imported into the U.S. Shares of U.S.-based...
How China could crush the U.S. housing market
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California.George Rose | Getty ImagesMortgage rates are rising sharply this week, as investors sell U.S. Treasury bonds at a swift pace. Mortgage rates...
How Canada’s auto tariffs differ from Trump’s
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Canada's 25% auto tariffs took effect Wednesday on U.S.-produced vehicles and many parts in American...
Walmart pulls Q1 guidance due to Trump tariffs
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesDALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of...
Delta Air Lines (DAL) 1Q 2025 earnings
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines won't expand flying in the second half of the year because of disappointing bookings amid President...
FDA guts education, training division as part of RFK Jr.’s cuts
The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of key public health, regulation and safety practices and supporting professional development for employees, CNBC has...
GM killing Cadillac XT6, extending production of XT5 in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019.Rebecca Cook | ReutersDETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while...
U.S. financial regulator says email hack exposed sensitive bank data
A pedestrian passes the seal of the Office of the Comptroller of the Currency (OCC) displayed outside the organization's headquarters in Washington, D.C., U.S., on Wednesday, March 20, 2019.Andrew Harrer | Bloomberg | Getty ImagesThe Office of the Comptroller of the...
Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the...
‘Minecraft’ box office jolt offers hope for the summer slate
Jack Black, Jason Momoa, and Sebastian Hansen as seen in Warner Bros. and Legendary Entertainment's "A Minecraft Movie."Warner Bros.Warner Bros.' struck gold over the weekend."A Minecraft Movie," the studio's co-production with Legendary Entertainment, snapped up $163...
Walgreens (WBA) earnings Q2 2025
A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025.Angela Weiss | AFP | Getty ImagesWalgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant...
Fake job seekers use AI to interview for remote jobs, tech CEOs say
An image provided by Pindrop Security shows a fake job candidate the company dubbed "Ivan X," a scammer using deepfake AI technology to mask his face, according to Pindrop CEO Vijay Balasubramaniyan.Courtesy: Pindrop SecurityWhen voice authentication startup Pindrop...
Walmart+ memberships boost sales amid Trump tariffs, recession fears
Shoppers at the Walmart Supercenter in Burbank during Walmart's multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesAs tariffs roil the U.S. economy, Walmart may find safety in a new part of its...
GM reveals Corvette EV concept car as it reconfirms Europe commitment
An angle view of the new Chevrolet Corvette concept car.GMDETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England.The car features a sleek, aerodynamic exterior that...
Auto sales are on a ‘roller coaster ride’ as tariffs take effect
DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump's 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive.The automotive data and advisory firm expects the...
Recession fears hit Starbucks, Chipotle, McDonald’s stocks
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike BlakeMike Blake | ReutersRestaurant stocks fell in morning trading Monday, fueled by investors' fears that a recession is coming.U.S. stocks...
Airlines expected to cut 2025 outlooks as travel demand falters
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024.Joan Valls | Nurphoto | Getty ImagesWaning travel from Canada. Signs of weaker demand across the Atlantic. Mass government layoffs. Tariffs. Consumers...
Spirit Airlines CEO Ted Christie steps down
A Spirit Airlines aircraft prepares to depart from the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas.Brandon Bell | Getty ImagesTed Christie, CEO of Spirit Airlines, is stepping down from his role leading the embattled carrier, effective...
Jamie Dimon says Trump tariffs will boost inflation, slow U.S. economy
Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last...
CMS makes job cuts as RKF Jr. guts HHS
An aerial of the Centers for Medicare & Medicaid Services building on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe Centers for Medicare & Medicaid Services has slashed jobs from its minority health office and other divisions, CNBC...
Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Trucks are shown from a drone view after clearing U.S. Customs and entering the United States from Tijuana along the U.S. Mexico border at Otay Mesa port in San Diego, California, U.S. April 2, 2025. Mike Blake | ReutersDETROIT — As President Donald Trump's 25%...
Toy prices could jump 50% following Trump’s tariffs on China, Vietnam
The toy aisle is about to get more expensive.President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two...
Tariffs drive up the cost of airplanes, the United States’ star export
The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing's 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersPresident Donald Trump's sweeping tariffs are set to drive up the cost of Boeing and Airbus...
Family offices pause dealmaking in March on trade war fears
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich dialed...
Banana, coffee, toilet paper prices could rise
A customer shops for produce at an H-E-B grocery store in Austin, Texas, on Feb. 12, 2025.Brandon Bell | Getty ImagesShoppers will likely pay more for coffee, bananas, vanilla and toilet paper over the coming weeks as the Trump administration's new tariffs go into...
Southwest’s bag fees and other changes could backfire, Fitch warns
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images)John J. Kim | Chicago Tribune | Getty ImagesSouthwest Airlines' new policies such as charging for checked bags for the...
Mortgage rates tumble on tariffs, but housing costs still high
Mortgage rates fell sharply Thursday following the Trump administration's tariff announcement. The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October.The...
Family offices are moving money out of the U.S. on tariff, economic fears
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. At his Singapore-based family office, Srihari Kumar...
Trump’s 25% auto tariffs are in effect. What investors need to know
Vehicles seen on the lot of a Ford auto dealership in Montebello, California on April 1, 2025.Frederic J. Brown | Afp | Getty ImagesDETROIT — President Donald Trump's 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on...
Stellantis idles plants in Mexico and Canada due to tariffs
The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump's new...
Trump tariffs on Vietnam could raise prices for shoes, furniture, toys
File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Nhac Nguyen | Afp | Getty ImagesRetailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production...
Trump puts tariffs on canned beer imports
Aluminum cans wait to be filled with craft beer during a production run at Black Plague Brewery in Oceanside, California, U.S., March 14, 2025. Mike Blake | ReutersThe Trump administration will implement a 25% tariff of all imported canned beer and empty aluminum cans...
Trump tariffs news: Advertisers look for flexibility
Brands and advertisers are seeking flexible terms as they face uncertainty about how impending U.S. tariffs will affect their businesses.The push for more lenient agreements, in which companies could pivot budgets quickly or shift their focus to different types of...
Emma Hayes USWNT coach discusses growth of soccer
Emma Hayes is on a mission to reinvigorate women's professional soccer in the United States.Hayes was hired as head coach of the U.S. women's national team in June after a disappointing few years for the squad as it dealt with an aging lineup, coaching instability,...
Manhattan luxury real estate market has best first quarter since 2019
People walk by a view of residential luxury towers along nicknamed Billionaires Row, a stretch of 57th Street that holds the majority of Manhattan’s supertall luxury towers on May 16, 2022 in New York City. Spencer Platt | Getty Images News | Getty ImagesManhattan...
UFC signs sponsorship deal with Mark Zuckerberg’s Meta
UFC CEO Dana White, left, and Meta CEO Mark Zuckerberg attend the UFC 300 event at T-Mobile Arena in Las Vegas, Nevada, April 13, 2024.Jeff Bottari | Ufc | Getty ImagesTKO Group's UFC has struck a multimillion-dollar, multiple-year partnership deal with Meta that will...
United Airlines adds Thailand, Vietnam and Australia flights
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 plans to add daily flights to Vietnam and Thailand in October, further...
QVC is betting on TikTok to help revive its live shopping business
FILE PHOTO: Signage is displayed at the entrance to the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Brendan McDermid | ReutersQVC Group is launching the first-ever nonstop live shopping streams on TikTok in the U.S. in a bid to revive its...
Tequila maker says tariffs won’t affect prices. Here’s why
Suerte Tequila's dedicated factory and agave farm in Jalisco Mexico.Courtesy: Suerte TequilaWhile some tequila makers have warned they might have to implement price hikes to offset tariffs, Colorado-based Suerte Tequila said it has been able to keep overhead prices...
Boeing CEO faces Senate hearing on plane maker’s recovery
Kelly Ortberg, CEO of Boeing, speaking on CNBC's Squawk Box on Jan. 28th, 2025.CNBCBoeing CEO Kelly Ortberg will testify in front of a Senate committee on Wednesday on the progress the plane maker has made on improving its manufacturing and safety standards after...
Ford reports slight decline in Q1 sales as industry braces for tariffs
A Ford Bronco at a Ford dealership in Richmond, California, on March 3, 2025.Bloomberg | Bloomberg | Getty ImagesFord Motor on Tuesday reported a slight decline in its first-quarter U.S. vehicle sales, as the automaker and the broader industry brace for the impacts of...
Airline stocks slide more as concerns grow over consumer travel
A Delta Air Lines Boeing 767-332(ER).Joan Valls | Nurphoto | Getty ImagesAirline stocks slid further on Tuesday as Wall Street's concerns about weaker-than-expected travel demand amid looming tariffs and a sharp drop in consumer confidence continue to weigh on the...
Newsmax stock rises after IPO
A NEWSMAX television crew member steam irons a backdrop during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Saturday, February 24, 2024.Tom Brenner | The Washington Post | The Washington Post | Getty ImagesShares of conservative...
Eli Lilly sues Strive and Empower over compounded tirzepatide
The Eli Lilly logo is shown on one of the company's offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly is suing two pharmacies for compounding Zepbound and Mounjaro, claiming the companies are skirting the Food and Drug Administration's...
Federal funding cuts raise questions about university endowments
Columbia UniversityEducation Images | Getty ImagesIn early March, the Trump administration canceled $400 million in grants and contracts to Columbia University over its handling of pro-Palestinian protests last year. The federal government sent the university a list...
Newsmax stock starts trading on NYSE
Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention (RNC) on July 14, 2024, in Milwaukee, Wisconsin. The RNC will be held in Milwaukee from July 15-18. Joe Raedle | Getty Images News | Getty...
AMC bets on premium screens as Hollywood slate boasts blockbusters
People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | ReutersHollywood's blockbuster slate is heating up, and AMC Entertainment is increasing the number of its premium screens to meet demand.The world's largest cinema...
Vaccine stocks fall after FDA’s Peter Marks resigns over RFK Jr.
Rafael Henrique | Lightrocket | Getty ImagesShares of major vaccine makers dropped on Monday after a key U.S. health official resigned in protest of Health and Human Services Secretary Robert F. Kennedy Jr.'s views on immunization.The departure of Peter Marks, the...
Novo Nordisk’s diabetes pill Rybelsus slashes cardiovascular risk
Novo Nordisk on Saturday said its diabetes pill Rybelsus showed cardiovascular benefits in a late-stage trial, paving the way for it to become a new treatment option for people living with diabetes and heart disease. The pill lowered the risk of cardiovascular-related...
Foley artists bring a human touch to moviemaking even with rise of AI
Foley artist Gary Hecker recreates sounds (in this case, galloping horses) on the Foley sound stage at Todd-AO Studios in Santa Monica, California, July 3, 2012.Don Kelsen | Los Angeles Times | Getty ImagesIn a small studio tucked within the Sony Pictures lot, Gary...
Founder Charlie Javice found guilty of defrauding JPMorgan Chase
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie...
Canadians pull back on U.S. trips, threatening to widen travel deficit
Canadians hold an "Elbows Up" protest against U.S. tariffs and other policies by U.S. President Donald Trump, at Nathan Phillips Square in Toronto, Ontario, Canada March 22, 2025.Carlos Osorio | ReutersCanadians are skipping trips to the U.S. and visitors from other...
Disney, ABC receive FCC investigation notice
The main gate at The Walt Disney Studios in Burbank, California, on Sept. 25, 2023.Mario Anzuoni | ReutersThe Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and...
Lululemon (LULU) earnings Q4 2024
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.On an Thursday...
Peyton Manning’s Omaha Productions sells 10% stake at $750 million valuation
Peyton Manning on Sunday, February 16, 2025.Theo Wargo | NBCUniversal | Getty ImagesPeyton Manning has a new business partner.A new platform run by Patrick Whitesell, the former executive chairman of Endeavor, has acquired a minority stake in Manning's Omaha...
Billionaire Jorge Pérez on the secret to passing down the family business
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. When Jon Paul Pérez graduated college, he assumed he...
Ferrari to raise prices by 10% on some models to offset auto tariffs
The Ferrari logo is seen outside the Ferrari headquarters in Maranello, Italy.Ciancaphoto Studio | Getty Images Sport | Getty ImagesFerrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to...
How a D&D livestream became a media company
The cast of "Critical Role" playing Dungeons & Dragons.Critical RoleA decade ago, a group of professional voice actors gathered around a table to live-stream a game of Dungeons & Dragons. Now, they run a media empire.Critical Role, both the name of the...
GM stock is getting hit the hardest
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021.Daniel Becerril | ReutersAs auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors...
GM, Stellantis shares fall after Trump’s auto tariff announcement
The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, on March 4, 2025.Mike Blake | ReutersAuto stocks are...
RFK Jr. plans 10,000 HHS job cuts
Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a cabinet meeting at the White House in Washington, DC, US, on Monday, March 24, 2025. Samuel Corum | Bloomberg | Getty ImagesHealth and Human Services Secretary Robert F. Kennedy Jr. plans...
KB Home unveils its first ‘fire-resilient’ community in California
KB Home's new wildfire-resilient neighborhood in Escondido, California.CNBCJust months after raging wildfires destroyed thousands of homes in the Los Angeles area, California-based KB Home is unveiling what it calls its first "wildfire-resilient" community.The...
Former Citi CEO Sandy Weill launches new cancer research hub
Sandy Weill, former CEO of Citigroup, in 2014.Adam Jeffery | CNBCFormer Citigroup CEO Sandy Weill announced Thursday morning a $50 million gift through the Weill Family Foundation to establish the Weill Cancer Hub East, a partnership aimed at using research on...
Dollar Tree discusses Family Dollar sale, earnings and tariffs
Dollar Tree said Wednesday that it's gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump's tariffs.The discount retailer's CEO, Michael Creedon, said the company is seeing "value-seeking behavior...
Stephen Curry teams up with Michelle Obama to launch sports drink
Plezi Nutrition, the public benefit company co-founded by Michelle Obama, has created a new sports drink with Stephen Curry.Four-time NBA champion Stephen Curry is teaming up with former first lady Michelle Obama to release a healthier sports drink option.Curry and...
FHFA will not cut Fannie Mae and Freddie Mac loan limits
A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia. Kevin Dietsch | Getty ImagesThe newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who oversees mortgage giants Fannie Mae and...
Chinese tea chain Chagee files for U.S. IPO
Pedestrians walk past a CHAGEE store in Shanghai, China on March 14, 2025. CFOTO | Future Publishing | Getty ImagesChinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker "CHA."The IPO filing...
Affirm says JPMorgan Chase merchants can now offer installment loans
Max Levchin, co-founder of PayPal and AffirmDavid Paul Morris | Bloomberg | Getty ImagesFintech lender Affirm said Tuesday that it's reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank's payments network.U.S....
The rich use insurance to invest in private credit without steep taxes
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private credit has exploded in popularity among...
Eli Lilly to release weight loss pill orforglipron trial data
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesPatients, doctors and investors will soon learn a lot more about a new, more convenient treatment that could shake up the...
South Korea’s Hyundai to announce $20 billion U.S. investment
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCSouth Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring that includes a $5 billion steel plant in Louisiana, according to people...
United Airlines raises annual fees for lounges, rewards credit cards
A row of United Airlines passenger planes parked at gates at Denver International Airport in Denver, Colorado.Robert Alexander | Getty ImagesUnited Airlines is raising fees for annual airport lounge membership and its rewards credit cards, a test of how much consumers...
More fast-food chains adopt fun, flavored drinks
Chick-fil-A pineapple dragonfruit beverages.Courtesy: Chick-fil-AFast-food chains are going all in on fun beverages to attract younger consumers.Chick-fil-A, known for its straightforward menu of fried chicken and waffle fries, is selling seasonal Pineapple...
Take a look inside French luxury retailer Printemps’ first U.S. store
A piece of Paris has landed in New York City.French luxury retailer Printemps officially opened its first U.S. store this week in the city's Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake.The...
Heathrow Airport closes Friday after fire causes power outage
London's Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, disrupting travel for tens of thousands of passengers planning to fly in or out of Europe's busiest airport.The airport was ready to resume flights as of...
Zepbound copycats remain online despite FDA ban
This week was supposed to mark the end of compounding pharmacies making copycat versions of Eli Lilly's weight-loss drug Zepbound and its diabetes drug Mounjaro. Online, it doesn't look like much has changed. Popular websites like Amble, EllieMD, Willow and Mochi...
Related Group CEO Pérez says tariff fears raising construction costs
Related Group CEO Jon Paul Pérez.Courtesy of Future Proof and Triangle BLVDBuilding contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related...
More women are leading investments for the ultra-wealthy
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Elizabeth Lilly started her own asset management firm...
Nike (NKE) Q3 2025 earnings
Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China. Cheng Xin | Getty ImagesNike will report fiscal third-quarter earnings after the bell on Thursday and provide...
Boston Celtics sold for $6.1 billion to Bill Chisholm, Sixth Street group
The Boston Celtics hang the 2024 NBA championship banner at TD Garden.Danielle Parhizkaran | Boston Globe | Getty ImagesA group led by private equity executive Bill Chisholm is buying the NBA's Boston Celtics at a valuation of $6.1 billion, the team's ownership...
February home resales jump more than expected, despite mortgage rates
A "For Sale" sign outside of a home in Atlanta, Georgia.Dustin Chambers | Bloomberg | Getty ImagesSales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association...
Darden Restaurants (DRI) Q3 2025 earnings
Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts' projections.The restaurant company blamed weather for the sales slowdown and maintained its full-year forecast, lifting investors'...
Edible Arrangements parent launches hemp marketplace Edibles.com
The homepage for Edibles.com, the hemp marketplace from the parent company of Edible ArrangementsSource: Edible BrandsThe parent company of Edible Arrangements is moving into a different kind of edible.Edible Brands is launching Edibles.com, an e-commerce marketplace...
NBA may bring back NBA Inside Stuff highlight show
Ahmad Rashad and Willow Bay look on during an Inside Stuff Episode taping circa 1993 in Secaucus, New Jersey.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe NBA is quietly preparing to bring back its iconic show "NBA Inside Stuff."On Monday,...
Suppliers face more dire challenges than automakers amid Trump tariffs
US President Donald Trump arrives to speak about the United States - Mexico - Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020.Saul Loeb | Afp | Getty ImagesDETROIT — President...
SailGP, professional sports leagues put women at the fore
Martine Grael, driver of Mubadala Brazil SailGP Team and Andy Maloney, flight controller, during a practice session ahead of the Emirates Dubai Sail Grand Prix presented by P&O Marinas in Dubai, UAE on Friday, November 22, 2024.Courtesy: Ricardo Pinto for SailGP...
Boeing shares jump as CFO says plane maker’s cash burn is easing
Boeing workers are pictured exiting a gate below an image of a Boeing 737-800 aircraft as Boeing's 737 factory teams hold the first day of a "Quality Stand Down" for the 737 program in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty ImagesBoeing's...
Taco Bell parent Yum Brands partners with Nvidia to speed up use of AI
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina.Jeff Greenberg | Universal Images Group | Getty ImagesTwo chipmakers are teaming up.Yum Brands is partnering with tech giant Nvidia to accelerate the use of artificial intelligence in...
Watch NASA astronauts return on SpaceX capsule after months on the ISS
[The stream is slated to start at 4:45 p.m. ET. Please refresh the page if you do not see a player above at that time.]NASA astronauts Butch Wilmore and Suni Williams are set to splash down on Earth on Tuesday evening after spending more than nine months in space.They...
Nvidia, GM announce deal for AI, factories and next-gen vehicles
Nvidia is building out an automotive tech business. Pictured here are its autonomous vehicle test cars at the company's auto garage in Santa Clara, California, on June 5, 2023.Bloomberg | Bloomberg | Getty ImagesGeneral Motors and Nvidia have agreed to a strategic...
Frontier Airlines offers free checked bags promo in swipe at Southwest
Frontier Airlines took a swipe at Southwest Airlines' plan to start charging for seat assignments and checked luggage by doing the opposite.Budget carrier Frontier said customers can receive a bundle that includes a seat assignment and a carry-on bag without an...
Cadillac expects one of every three vehicle sales to be EVs in 2025
2025 Cadillac Escalade IQMichael Wayland / CNBCSAN FRANCISCO — Cadillac expects roughly one of every three vehicles it sells in the U.S. this year to be all-electric models, as the automaker continues to expand its EV lineup despite industrywide slower-than-expected...
Astronauts Butch Wilmore, Suni Williams returning to Earth on SpaceX ship
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASAThe two U.S. astronauts who had been at the International Space Station for nine months after their faulty Boeing...
Forever 21 files for second bankruptcy, blames Shein and Temu
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer's operating company is expected to cease all operations in the U.S. and has already begun liquidation...
PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion
Super Bowl ad of Poppi.Source: PoppiPepsiCo said Monday that it is buying prebiotic soda brand Poppi for more than $1.6 billion.The food and beverage giant said it plans to acquire the upstart for $1.95 billion. The deal includes $300 million of anticipated cash tax...
Klarna, nearing IPO, wins fintech partnership from Affirm
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesSwedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted...
Goodbye to ‘bags fly free’ on Southwest Airlines, the last freebie in America
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesAlmost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more...
Delta, Walmart warn about consumer spending amid tariffs, inflation
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | ReutersIt's not just Walmart.The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are...
Ulta Beauty (ULTA) earnings Q4 2024
Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called "consumer uncertainty."The retailer, which appointed Kecia Steelman as its new CEO in January, said it's expecting...
New York AG announces bill to protect consumers after Trump hobbles CFPB
NY Attorney General Letitia James speaks during a press conference at the offices of the Attorney General on January 08, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York Attorney General Letitia James on Thursday announced a bill to protect the...
Washington DC housing market shows cracks amid federal layoffs
The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com. Inventory gains in the region, which includes the District as well as...
Comcast expands Olympics partnership and media rights deal
Snoop Dogg attends the Artistic Gymnastics Women's Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024.Arturo Holmes | Getty Images Sport | Getty ImagesComcast and the International Olympic Committee have agreed on a new...
Spirit Airlines CEO says carrier can take on the new Southwest
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines.Earlier this week, Southwest shocked...
White House pulls Trump CDC Director nominee Dave Weldon
Former Congressman Dave Weldon addresses a small crowd in The Villages, Fla.Brendan Farrington | APThe White House has pulled President Donald Trump's nominee to lead the Centers for Disease Control and Prevention, former Rep. Dave Weldon, the Senate's Health...
Dollar General CEO warns consumers are cash-strapped, 2025 won’t be better
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas.Brandon Bell | Getty ImagesDollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter's customers and that the macroeconomic environment won't...
Women’s sports firm Monarch Collective ups fund size
Billionaire-backed investment firm Monarch Collective has expanded the size of its fund in light of the continued surge in popularity of women's sports.The fund, which launched in 2023 is expanding from $150 million to $250 million, with most of the additional capital...
Dollar General (DG) Q4 2024 earnings
A Dollar General store in Germantown, New York, on Nov. 30, 2023.Angus Mordant/Bloomberg via Getty ImagesDollar General on Thursday reported fiscal fourth-quarter revenue that narrowly beat Wall Street estimates, while a store portfolio review cut into the chain's...
American Eagle (AEO) earnings Q4 2024
American Eagle warned investors on Wednesday that consumers are pulling back on spending and it's seen a "slower start" to the year than it expected. "Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder...
Inside the world’s largest 3D printed housing development
Just outside Austin, in Georgetown, Texas, brand new planned communities sprawl out as far as the eye can see, which is pretty far in this part of the country. But one small subdivision instantly draws focus. Just completed, it is now the world's largest 3D-printed...
RFK Jr. pressures PepsiCo, Kraft Heinz to remove artificial dyes
Robert F. Kennedy Jr., U.S. President Donald Trump's nominee for Secretary of Health and Human Services testifies during his Senate Finance Committee confirmation hearing at the Dirksen Senate Office Building on January 29, 2025 in Washington, DC. Win Mcnamee | Getty...
Boeing prices could increase by millions with tariffs, says AerCap CEO
The price of a Boeing 787 plane could increase by $40 million in a worst case tariff scenario, AerCap CEO Aengus Kelly said."In an absolute worst case scenario, say, a 25% increase across the board on tariffs, a tit-for-tat from both sides — a Boeing 787, the price...
What Southwest Airlines is changing, from bag fees to basic economy
A Southwest Airlines Boeing 737 MAX is pushed back from the gate at San Diego International Airport in San Diego, Aug. 24, 2024.Kevin Carter | Getty ImagesSouthwest Airlines announced Tuesday what was once unthinkable: It will start charging customers to check their...
Kohl’s (KSS) Q4 2024 earnings
A worker pushes a cart outside of Kohl's store on November 26, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesKohl's posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected...
Dick’s Sporting Goods (DKS) earnings Q4 2024
Dick's Sporting Goods on Tuesday said it's expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an...
Airline CEOs warn domestic travel demand is slowing
A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023.Stefani Reynolds | AFP | Getty ImagesAirlines are cutting their first-quarter profit and sales estimates, warning that a weaker...
Southwest Airlines will charge for checked bags for first time
Baggage handlers load luggage onto a Southwest Airlines Boeing 737 at Austin-Bergstrom International Airport on August 24, 2024 in Austin, Texas. Kevin Carter | Getty Images News | Getty ImagesIt's happening: Southwest Airlines will start charging passengers to check...
Ad spending on women’s sports doubles in 2024
The New York Liberty celebrate after winning the 2024 WNBA Finals at Barclays Center.Wendell Cruz | Usa Today Sports Via Reuters ConWomen's sports enjoyed a marquee year across the board in 2024, but especially in television advertising, according to TV marketing firm...
Trump finds unexpected ally in auto union leader over tariffs
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty ImagesDETROIT — The head of the United Auto Workers has...
Delta Air Lines slashes earnings outlook, sending shares down
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.Kent Nishimura | Getty ImagesDelta Air Lines slashed its first-quarter revenue and profit outlooks, citing weaker domestic demand, backing up growing...
Why banks don’t want the agency to disappear
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesFor...
RFK Jr. could further deter childhood vaccinations as U.S. rates fall
Robert F. Kennedy Jr. speaks in the Oval Office of the White House, on the day he is sworn in as secretary of Health and Human Service in Washington, D.C., U.S., Feb. 13, 2025. Nathan Howard | ReutersThe nation's new top health official could further erode already...
Goodyear Tire transformation plan is moving company into the future
A Goodyear blimp flies Goodyear AKRON, Ohio — Does the Goodyear blimp sell tires?That was one question veteran auto executive Mark Stewart had when he started as CEO of Goodyear Tire & Rubber Co. a little more than a year ago, seeking to lead a transformation plan...
Walgreens to go private in $10 billion deal with Sycamore Partners
The Walgreens logo is displayed at a Walgreens store on October 15, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesStruggling drugstore chain Walgreens is going private. The company on Thursday said it inked a deal with private equity firm Sycamore...
FAA briefly halts flights to Florida airports after SpaceX test failure
The Federal Aviation Administration briefly halted flights to several Florida airports on Thursday night after a SpaceX Starship testing failure.The incident marks the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in...
Top family office investments in February
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last month, family offices made at least 48 direct...
Sen. Blumenthal asks Visa for details on Elon Musk X payments deal
Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021.Graeme Jennings | Pool via ReutersSen. Richard Blumenthal this...
Gap (GAP) earnings Q4 2024
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its...
Costco (COST) Q2 2025 earnings
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose.Shares ticked down over 1% in extended trading on Thursday evening.Here's how the wholesale company did compared with what Wall...
Women’s pro tennis introduces paid maternity leave funded by Saudi PIF
Victoria Azarenka plays a backhand against Iga Swiatek of Poland in their second round match during day three of the Dubai Duty Free Tennis Championships, part of the Hologic WTA Tour at Dubai Duty Free Tennis Stadium on February 18, 2025 in Dubai, United Arab...
Applebee’s owner Dine Brands to lean on value to reverse sales declines
Michael Siluk | UCG | Universal Images Group | Getty ImagesDine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee's and IHOP."We had a soft year in 2024, which disappoints us, but we're...
Family offices rattled by market swings and tariffs
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. While family offices pride themselves on investing...
Michael Jordan, Kobe Bryant rookie jerseys to go up for auction
Michael Jordan of the Chicago Bulls (L) eyes the basket as he is guarded by Kobe Bryant of the Los Angeles Lakers.Vince Bucci | AFP | Getty ImagesRare pieces of memorabilia from two of the National Basketball Association's biggest icons are hitting the auction block...
Macy’s (M) Q4 2024 earnings
Macy's delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private.Across the business, which includes the...
Trump grants automakers one-month exemption from tariffs
In an aerial view, brand new Subaru cars sit in a storage lot at Auto Warehouse Co. on March 4, 2025 in Richmond, California.Justin Sullivan | Getty ImagesThe White House on Wednesday announced a one-month North American tariff exemption for automakers after President...
These are the most competitive rental markets in the U.S.
Residential apartment buildings in the Brooklyn borough of New York, US, on Wednesday, July 17, 2024. Yuki Iwamura | Bloomberg | Getty ImagesNew apartment construction hit a record high last year, but all that new supply is apparently not enough to cool the...
U.S. Olympic committee announces $100 million grant to fund athletes
USA's delegation sail in a boat along the river Seine during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024.Zhao Dingzhe | Afp | Getty ImagesThe United States Olympic and Paralympic Committee on Wednesday announced a $100 million grant...
David’s Bridal taps new CEO, plans to build online marketplace
David's Bridal has tapped a new CEO to lead the company as it looks to transform from a legacy retailer into a bridal media powerhouse nearly two years after emerging from its second bankruptcy. Kelly Cook, the current president of brand, technology and finance, will...
Amgen weight loss drug MariTide starts two phase three trials
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Wednesday said it has started two critical late-stage trials for its experimental weight loss injection MariTide, another step in its...
NHL commissioner says league could be affected by U.S.-Canada tariffs
National Hockey League Commissioner Gary Bettman said Wednesday that the league could be affected by the current tensions between the U.S. and Canada.Bettman said 25% of the league's revenue comes from its Canadian clubs. Though he said the Canadian teams perform...
Novo Nordisk offers discounted Wegovy through direct-to-consumer pharmacy
Novo Nordisk's Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty ImagesNovo Nordisk on Wednesday said it will offer its weight loss drug Wegovy for less than half of its usual price per month through a new direct-to-consumer online...
Kenvue settles proxy fight with activist Starboard, adding three directors
Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board. Starboard's Jeff Smith will join the board of the Johnson & Johnson spinoff, along with Sarah Hofstetter, president of Profitero, an eCommerce performance...
Abercrombie & Fitch (ANF) Q4 2024 earnings
An Abercrombie & Fitch store stands in midtown Manhattan in New York City on Oct. 24, 2024.Spencer Platt | Getty ImagesAbercrombie & Fitch's growth story is starting to slow down.The apparel retailer issued weaker-than-expected guidance for its current quarter...
Foot Locker (FL) Q4 2024 earnings
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday...
UConn star Paige Bueckers on NIL and women’s sports
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women's Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024.Steph Chambers | Getty...
Trump tariffs could quickly cut North American auto production
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — Roughly a third of vehicle...
How tariffs will hit the U.S. housing market
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBCFrom lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders.The cost of those products is about to go up, as...
Southwest Airlines closing 2 more crew bases in cost-cutting push
A Southwest Airlines aircraft at a gate at Austin-Bergstrom International Airport in Austin, Texas, Feb. 16, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesSouthwest Airlines is closing two more crew basis amid its cost-cutting push that has also led to its first...
Starbucks poaches Nordstrom CFO as executive shake-up continues
Cathy Smith in 2019.Mark Lennihan | APStarbucks announced Tuesday that Nordstrom Chief Financial Officer Cathy Smith will join the company as its new CFO, replacing longtime veteran Rachel Ruggeri.The executive change is the latest for Starbucks after Brian Niccol...
CFPB drops JPMorgan, Bank of America, Wells Fargo lawsuit over Zelle fraud
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | ReutersThe Consumer Financial Protection Bureau on Tuesday...
Aviation industry pushes for air traffic improvements, more hiring
File photo shows the air traffic control tower at Chicago's Midway International Airport.M. Spencer Green | APAviation industry members on Tuesday again urged lawmakers for newer air traffic control technology and more hiring of air traffic controllers as airlines...
Target outlines plans to grow sales by $15 billion by 2030
Target plans to double down on its third-party marketplace, media network and same day delivery services to drive more than $15 billion in revenue growth over the next five years, it said Tuesday at an investor meeting in New York City. The retailer's plans to grow...
Airline stocks tumble amid economic concerns
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesStock Chart IconStock chart iconNYSE Arca Airline Index versus the S&P 500Airlines, especially full-service...
Trump Mexico tariffs will raise produce prices, Target CEO Cornell says
Shoppers will likely see produce prices increase in the coming days due to President Donald Trump's tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday.The Trump administration's 25% levies on goods from Mexico and Canada, along with an additional 10%...
Best Buy (BBY) Q4 2025 earnings
Best Buy on Tuesday posted fourth-quarter earnings and revenue that topped expectations, but CEO Corie Barry projected that prices for U.S. consumers would rise as President Donald Trump's tariffs on China and Mexico go into effect.On Best Buy's earnings call, Barry...
Target (TGT) Q4 2024 earnings
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, on Nov. 26, 2024.Victor J. Blue | Bloomberg | Getty ImagesTarget will report fiscal fourth-quarter earnings on Tuesday and show investors whether it is driving more full-price sales of...
Serena Williams joins WNBA ownership group in Toronto
Serena Williams, one of sport's greatest champions, joins Canada's first WNBA team as a managing partner.CNW Group | Toronto TempoTennis superstar Serena Williams is continuing her investment in women's sports with a new ownership stake in the Women's National...
Meet the investor behind Melinda French Gates’ family office bets
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Melinda French Gates has committed $2 billion to...
Foreign retailers Primark, Mango, Uniqlo expand in the U.S.
ELMHURST, NY — One of the newest additions to Queens Center is a store that many local mallgoers may not recognize.Along with well-known mall staples like Macy's, American Eagle and Bath & Body Works, the shopping center is now home to a Primark. The Ireland-based...
Domino’s Pizza launches stuffed crust to rival Papa John’s, Pizza Hut
Domino's Parmesan Stuffed Crust.Source: Domino's PizzaDomino's Pizza is finally releasing its own version of stuffed crust on Monday, aiming to win over the customers who are willing to spend more on the pricey pizza customization. Thirty years ago, Yum Brands' Pizza...
Oscars 2025: Complete list of winners
"Anora" came out on top during the 97th Academy Awards on Sunday.The film, distributed by Neon, took home five trophies — best picture, best editing, best director, best original screenplay and best actress. It was the most of any film nominated. Sean Baker, the...
Why first-class seats are holding up new airplanes
A Lufthansa First Class "Allegris" cabin, which was set up outside the show. Peter Kneffel | Picture Alliance | Getty ImagesHeated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of course, the coveted privacy...
$5 million fix to billion-dollar franchise
Paramount Pictures revamped version of Sonic the Hedgehog (r).Source: Paramount PicturesSonic the Hedgehog may be able to run faster than the speed of light, but his film franchise nearly came to a screaming halt in 2019.A less-than-three-minute trailer released early...
Dodgers deferred salaries spark MLB salary cap questions
Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024.Mike Lawrence | Major League Baseball |...
CFPB leaders and Elon Musk DOGE planned to fire nearly all staff
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | ReutersThe Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly...
American Airlines to start testing free inflight Wi-Fi
The main cabin of a American Airlines Boeing 777-300ER jet. Mary Altaffer | APAmerican Airlines is planning to test complimentary inflight Wi-Fi starting next week as pressure mounts on carriers to offer the service free of charge.The tests will be available on three...
Egg prices threaten Easter dye kit sales
Melkinimages | E+ | Getty ImagesThe egg aisle is anything but cheaper by the dozen these days — and that's becoming a big problem ahead of the Easter holiday.The makers of Easter egg dye kits are bracing for the potential fallout if the egg shortage doesn't begin to...
After Venu, Fox, Disney and WBD go it alone in sports streaming
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCWith Venu done before it even got out of the starting blocks, Fox Corp.,...
Senators grill Trump CFPB pick, Jonathan McKernan: ‘Good luck’
Jonathan McKernan, U.S. President Donald Trump's nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C.,...
Elon Musk sends Starlink tech to FAA, says without evidence air safety is ‘at risk’
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023Saul Loeb | AFP | Getty ImagesElon Musk said Thursday that he's sending his Starlink satellite...
Paramount ends DEI policies, cites Trump executive order
The Paramount Global headquarters in New York on Aug. 27, 2024.Yuki Iwamura | Bloomberg | Getty ImagesParamount Global told its employees this week that it's ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC.In the memo...
CFPB drops lawsuits against Capital One and Rocket Mortgage affiliate
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty ImagesThe Consumer...
FDA cancels vaccine advisory meeting for choosing flu shots
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | ReutersA crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation,...
January pending home sales drop to the lowest level on record
"For Sale" and "Sale Pending" signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty ImagesHigh...
Trump ‘gold card’ visa comes with a hidden tax break for the wealthy
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.President Donald Trump's proposed $5 million "gold...
Warner Bros. Discovery (WBD) Q4 2024 earnings
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia.Kevin Dietsch | Getty ImagesWarner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter...
Lucid’s top priorities following EV CEO’s departure
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly |...
Jeff Bezos orders new Washington Post opinion policy, says top editor resigned
(L-R) Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20,...
Eli Lilly to invest $27 billion in new U.S. manufacturing
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Wednesday said it will invest at least $27 billion to build four new manufacturing sites in the U.S., as...
TJX Cos. (TJX) Q4 2025 earnings
North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.Jeff Greenberg | Getty ImagesTJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the...
Lowe’s (LOW) Q4 2024 earnings
A Lowe's store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty ImagesLowe's topped Wall Street's quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead.The company said it...
GM raises quarterly dividend, initiates $6 billion stock buyback
DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits.GM announced Wednesday it is increasing its quarterly dividend by...
Target strikes deal with Champion as it tries to boost apparel sales
Target will soon have another brand to dangle as the discounter tries to convince more shoppers to buy clothing and other discretionary merchandise — Champion.On Wednesday, the cheap chic retailer announced that it's struck a multi-year deal with the sportswear brand...
Democrat senators question what Elon Musk plans to do with CFPB data
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017.Tom Williams | CQ Roll Call | Getty ImagesDemocrat lawmakers...
Lucid CEO Peter Rawlinson steps down; EV maker plans to double production
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesElectric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson has stepped down as the company expects to more than...
Rothy’s posts best year on record after wholesale expansion
Direct-to-consumer footwear brand Rothy's just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in...
Eli Lilly offers higher Zepbound weight loss drug doses on LillyDirect
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly...
Home Depot (HD) Q4 2024 earnings
A Home Depot store in Louisville, Kentucky, on Aug. 14, 2023.Jon Cherry | Bloomberg | Getty ImagesHome Depot will report its fiscal fourth-quarter earnings on Tuesday, as higher interest rates and home prices challenge the housing market and dampen demand for...
Jamie Dimon calls U.S. government ‘inefficient,’ touts Elon Musk’s DOGE effort
JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.Dimon was...
Starbucks to lay off 1,100 corporate workers
Starbucks' corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty ImagesStarbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee...
Bluebird Bio gene therapy sells itself to Carlyle and SK Capital
Sopa Images | Lightrocket | Getty ImagesBluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird's fall from the one of the buzziest biotech firms to one that was on...
Family-office gold rush spurs conference craze
From left, the Trump Royale, The Trump Palace and the Trump International Beach Resort are shown in Sunny Isles Beach, Florida, U.S. March 13, 2017.Joe Skipper | ReutersAs the rich have gotten richer, family offices have exploded in popularity, numbering 8,000...
IMAX CEO expects $1.2 billion in box office receipts in 2025
General atmosphere during an IMAX private screening for the movie "First Man" at an AMC theater in New York City on Oct. 10, 2018.Lars Niki | Getty Images Entertainment | Getty ImagesAn "embarrassment of riches" at the box office could fuel a $1.2 billion year for...
FDA says Wegovy and Ozempic shortage resolved; Hims & Hers stock falls
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy.Hollie Adams | ReutersThe long-running U.S. shortage of Novo Nordisk's blockbuster weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years, the Food and...
Home sales drop sharply in January as prices hit high
A "For Sale" sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty ImagesThe U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of...
NY Yankees beard ban is over, Steinbrenner says
Anthony Volpe #11, Jasson Domínguez #24 and Paul Goldschmidt #48 of the New York Yankees talk during spring training at George M. Steinbrenner Field on Feb. 19, 2025 in Tampa, Florida. New York Yankees | Getty ImagesStart spreading the news: For the first time in...
UnitedHealth faces DOJ investigation, buyouts, stock price drop
FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company UnitedHealthcare is shown in Cypress, California April 13, 2016. Mike Blake | ReutersUnitedHealthcare is in hot water again as the insurance giant grapples with a reported...
Rivian (RIVN) earnings Q4 2024
Rivian Automotive beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025.The electric vehicle maker reported a gross profit, which includes...
Trump blasts Boeing Air Force One delays, but airlines grow upbeat
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCPresident Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes.The planes are years behind schedule. Trump...
ESPN ‘flagship’ streaming service will host user-generated content
A general view of the ESPN Monday Night Countdown booth prior to the game between the Jacksonville Jaguars and the Cincinnati Bengals at EverBank Stadium in Jacksonville, Florida, on Dec. 4, 2023.Mike Carlson | Getty ImagesIn an attempt to court younger audiences,...
Hasbro (HAS) earnings Q4 2024
The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S.Andrew Kelly | ReutersToy and gaming giant Hasbro took an optimistic tone Thursday on the potential impact of Chinese tariffs on its business, as executives said the company is...
Eli Lilly Dan Skovronsky discusses weight loss drugs
Dan Skovronsky knows what makes a good obesity drug.As chief scientific officer at Eli Lilly, he's already done it once with the company's weekly shot, Zepbound. He's trying to do it again with a more convenient daily pill, then repeat the feat with a shot that could...
Eli Lilly to take big swings in Alzheimer’s, ALS and gene therapy
Heart disease. Hearing loss. Addiction. Chronic pain. Alzheimer's. ALS. These are some of the areas where Eli Lilly, flush with cash from its GLP-1 drugs, wants to make big bets. These are the ideas that are "hiding in plain sight," said Lilly Chief Scientific Officer...
San Francisco 49ers explore selling minority stake sale
A San Francisco 49ers helmet on the field during pregame warmups before an NFL game against the Arizona Cardinals at State Farm Stadium in Glendale, Arizona, on Dec. 17, 2023.Ryan Kang | Getty ImagesThe San Francisco 49ers may be the next National Football League...
United says government travel falls amid Trump, Musk firings
A United Airlines plane takes off from Ronald Reagan Washington National Airport in Arlington, Virginia, on November 23, 2021.Drew Angerer | Getty ImagesUnited Airlines says travel demand has been resilient lately — except from the U.S. government.Government travel...
Carvana (CVNA) earnings Q4 2024
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana topped Wall Street's top- and bottom-line expectations for the fourth quarter while guiding for another "strong" year in 2025.Carvana, as it has in the past, gave a broad...
Walmart (WMT) Q4 2025 earnings
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report its latest quarterly earnings before the bell on Thursday, as investors try to parse whether softer retail sales in January...
Forever 21 talking to liquidators, mulling second bankruptcy
Beleaguered retailer Forever 21 is in talks with liquidators about future steps for the fast fashion company, according to people familiar with the matter — a sign that it's struggling to find a buyer as it mulls a second bankruptcy filing.The company has been looking...
Walmart earnings: Wealthy shoppers boost sales
Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024.Gabby Jones | Bloomberg | Getty ImagesWalmart is known for its low prices and no frills approach.So it may come as a surprise that wealthier shoppers are helping to fuel the retailer's growth.For...
UnitedHealthcare offers buyouts, could pursue layoffs
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty ImagesUnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by...
Aviation groups urge Congress for emergency air traffic control funds
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023Saul Loeb | AFP | Getty ImagesThe U.S. aviation industry on Wednesday urged Congress to approve...
Hims & Hers to offer at-home blood draws, lab testing with Trybe deal
Hims & Hers Health announced Wednesday it has acquired New Jersey-based at-home lab testing facility Trybe Labs.The deal will allow the telehealth company to offer at-home blood draws and more comprehensive pre-treatment testing to its users."Access to richer data...
JetBlue talking to ‘multiple airlines’ about a new partnership
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty ImagesJetBlue Airways is talking with "multiple airlines" about a potential new partnership after federal judges struck down two...
Nikola files for Chapter 11 bankruptcy protection
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.Massimo Pinca | ReutersDETROIT — Nikola Corp. — an auto startup that was...
KFC moves U.S. headquarters from Kentucky to Texas
Signage outside a Yum Brands Inc. KFC restaurant in Shelbyville, Kentucky, on Jan. 29, 2021.Luke Sharrett | Bloomberg | Getty ImagesKFC is leaving Kentucky.The fried chicken chain's U.S. headquarters will move from Louisville, Kentucky, to Plano, Texas, owner Yum...
Sickle cell gene therapies push health plans toward new payment models
Starting in his early teens, Deshawn "DJ" Chow wasn't sure he'd ever be able to live a normal life. Crushing pain episodes brought on by his sickle cell disease were getting progressively worse. "It's just been hard skipping school and always being in and out of the...
Homebuilder sentiment falls in February amid tariff worries
Sentiment among the nation's single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly.The National Association of Home Builders' Housing Market Index (HMI)...
Nike teams up with Skims to launch new brand
Mannequins displaying shapewear at a Skims pop-up shop at the Nordstrom flagship store in New York, US, on Sunday, June 9, 2024. Bing Guan | Bloomberg | Getty ImagesNike has teamed up with Kim Kardashian's intimates brand Skims to launch a new line of activewear as...
Coca-Cola launches Simply Pop prebiotic soda to rival Olipop, Poppi
Coca-Cola is launching a prebiotic soda brand called Simply Pop, taking on upstarts Olipop and Poppi.Starting in late February, consumers on the West Coast and in the Southeast will be able to try Coke's iteration of the trendy drink.Soda consumption has broadly...
Southwest Airlines to slash 15% of corporate jobs in ‘unprecedented’ move to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines said Monday that it is cutting about 15% of...
Delta plane crashes on landing at Toronto airport, injuring at least 18
First responders work at the Delta Air Lines plane crash site at Toronto Pearson International Airport in Mississauga, Ontario, Canada February 17, 2025.Arlyn Mcadorey | ReutersAt least 18 people were injured after a Delta Air Lines regional jet crashed upon landing...
Crazy popcorn buckets are big business for movie theaters
Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023.Valerie Macon | AFP | Getty ImagesFor decades, popcorn has been a staple of the movie theater experience and exhibitors'...
McDonald’s, Chipotle warn of weak first quarter
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn like a lion, out like a lamb.That's how restaurant executives envision 2025 after a rough start to the year, largely caused by freezing temperatures,...
Here’s how two apps connect Black-owned restaurants with new customers
Zoom In IconArrows pointing outwardsEatOkra's mobile app lists nearby Black-owned restaurants.Courtesy: EatOkraWhen Anthony Edwards Jr. and his then-girlfriend, Janique, first moved to Brooklyn in 2016, they struggled to find food that was comfortable and familiar to...
Roku shares surge as company halves quarterly losses
Shares of Roku surged more than 10% Friday, at one point reaching a new 52-week high, on earnings that beat Wall Street expectations.In an interview on CNBC's "Squawk Box," CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku.Wood...
Target Walmart DEI decisions could hurt Black founders
Brown Girl Jane's sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves.Courtesy: Brown Girl JaneFragrance brand Brown Girl Jane's perfume...
Moderna (MRNA) Q4 earnings 2024
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is...
CVS earnings: (CVS) stock rises
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesAfter a dismal 2024, CVS Health could be starting to turn itself around. Some investors seem convinced, especially...
As Trump ups tariffs, GM and Hyundai increase South Korean imports
President Donald Trump welcomes South Korea's President Moon Jae-In at the White House in Washington, U.S., May 22, 2018.Carlos Barria | ReutersDETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for...
China biopharma deals rise with Summit, Merck
A worker is working on a drug production line at the production workshop of a pharmaceutical company in Meishan, China, on January 30, 2024. \Nurphoto | Nurphoto | Getty ImagesA little-known biotech company stunned the biopharmaceutical industry last spring when it...
CFPB staff purge begins with dozens of employees terminated
Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019.Jonathan Ernst | ReutersThe Consumer Financial Protection Bureau sent termination notices to several...
CVS CEO defends PBMs, accuses drugmakers of ‘monopolistic’ practices
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023.Al Drago | Bloomberg | Getty ImagesCVS Health CEO David Joyner on Wednesday defended controversial pharmacy...
Comcast and NBCUniversal receive FCC inquiry on DEI initiatives
U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville,...
ESPN host Stephen A. Smith ‘wouldn’t mind’ being U.S. president
Outspoken ESPN personality Stephen A. Smith is not ruling out a presidential run in his future.In an interview with CNBC Sport, Smith said, "I wouldn't mind being in office."Yet the popular television host said it's the campaigning and being a politician that turns...
Olipop prebiotic soda valued at $1.85 billion in funding round
Super Bowl Ad Olipop Poppi SodaSource: OlipopPrebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda...
Biogen (BIIB) earnings Q4 2024
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including...
‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.The bank's retail customers are spending about 6% more money in the first 40 days...
Restaurant Brands International (QSR) Q4 2024 earnings
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California.Mario Tama | Getty ImagesRestaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected...
Zelle payments top $1 trillion in 2024
Zelle icon displayed on a phone screen and Zelle logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland.Jakub Porzycki | Nurphoto | Getty ImagesZelle, the payments network run by bank-owned Early Warning Services,...
Tom Brady buys ownership stake in sports collectibles company
Seven-time Super Bowl champion Tom Brady is entering the sports collectibles space.Brady will acquire a 50% stake in CardVault, a sports card and memorabilia retailer, the company announced on Wednesday.As part of the deal, CardVault will change its name to "CardVault...
CVS Health (CVS) earnings Q4 2024
An exterior view of a CVS pharmacy in Danville, Pennsylvania. Paul Weaver | Lightrocket | Getty ImagesCVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical...
Super Bowl 59 viewership reaches record 127.7 million
Philadelphia Eagles head coach Nick Sirianni and quarterback Jalen Hurts celebrate with the Vince Lombardi Trophy after winning Super Bowl 59.Mike Segar | ReutersThe Philadelphia Eagles weren't the only ones that scored big at the Super Bowl.The National Football...
Tequila, mezcal sales are growing but Mexico tariffs may hit industry
A seller holds up a bottle of Casamigos, tequila from Diageo, the world's leading spirits maker, at a liquor store in Monterrey, Mexico, on Dec. 10, 2024.Daniel Becerril | ReutersThe U.S. spirits industry maintained its market share leadership over beer and wine for a...
$4 million Bugatti, Michael Jordan BMW highlighted classic car sales
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the online classic car marketplace,...
Why satellite company listed on Nasdaq
Satellite communications company Globalstar listed on the Nasdaq Tuesday after delisting from the New York Stock Exchange."We did a reverse split — we're a multibillion dollar company, but our stock price was down in the dollar-ish range," CEO Paul Jacobs told CNBC's...
Coca-Cola discusses Trump aluminum tariffs
Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on January 28, 2025. Firdous Nazir | Nurphoto | Getty ImagesCoca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of...
CFPB leaders announce resignations after stop-work order
Former Office of Management and Budget (OMB) Director Russell Vought takes his seat as he arrives to testify before a US Senate Homeland Security and Governmental Affairs Committee hearing on his second nomination to be OMB director, on Capitol Hill in Washington, DC,...
Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry
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 — President Donald Trump's tariffs, both implemented and just threatened, are causing "chaos" for the U.S....
AI-powered company ScorePlay raises $13 million, led by athletes
ScorePlay video clipping toolScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday.The sports storytelling platform's investors include 20VC venture capital fund founder Harry...
Coca-Cola (KO) Q4 2024 earnings
James Quincey, CEO of Coca-Cola, speaking on CNBC's "Squawk Box" outside of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCoca-Cola is expected to report its fourth-quarter earnings before the bell on Tuesday.Here's what Wall...
Why Stellantis was the only automaker to advertise
Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during StellantisStellantisDETROIT — A CEO's exit, electric vehicles making the industry run around like "headless chickens" and a company's U.S. revival all came together to...
Trump could make changes to Medicare drug price negotiations
President Donald Trump arrives in the Brady Press Briefing Room at the White House on Jan. 30, 2025 in Washington, DC.Oliver Contreras | Afp | Getty ImagesPresident Donald Trump likely won't do away with a landmark process that allows Medicare to negotiate drug prices...
McDonald’s (MCD) Q4 2024 earnings
A McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024.Mario Tama | Getty ImagesMcDonald's is set to report its fourth-quarter earnings before the bell on Monday.Here is what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per...
Super Bowl commercials 2025: Live updates
Spanish-language telecasts will be on Fox Deportes and TelemundoViewers looking for a Spanish-language telecast of the Super Bowl will have two options this year: Fox's cable TV network Fox Deportes and NBCUniversal's over-the-air broadcaster Telemundo.The first time...
Skinny jeans are making a comeback
The vilified linchpin of millennial and Y2K fashion – the skinny jean – might be on its way to a comeback.Over the last few months, a range of skinny styles, including pants and jeans, have cropped up on fashion runways, influencer videos and Google search trends,...
Beauty stocks post major losses after a week of worrying results
An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City.Spencer Platt | Getty ImagesSeveral beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing...
San Francisco 49ers president touts AI as key to scouting
San Francisco 49ers quarterback Brock Purdy, the last pick in the 2022 National Football League draft, has become synonymous with flaws in NFL player evaluation. The team's president, Al Guido, hopes his organization can lean on artificial intelligence to improve...
AEW CEO Tony Khan says he wants to keep company private
All Elite Wrestling, the upstart professional wrestling league, will remain a privately-held family business instead of pursuing an initial public offering, according to founder and co-owner Tony Khan.Khan told CNBC Sport he had no interest in going public because he...
Ad execs say it’s still bang for your buck
NEW ORLEANS, LOUISIANA - FEBRUARY 03: A detailed view of drink koozies seen during an event ahead of Super Bowl LIX at Caesars Superdome on February 03, 2025 in New Orleans, Louisiana. (Photo by Jonathan Bachman/Getty Images)Jonathan Bachman | Getty Images Sport |...
How the families behind Chick-fil-A, Panda Express manage their wealth
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Andrew and Peggy Cherng made their billions from food...
The top lawyers for the wealthy’s most complicated divorces
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last week, Dan Rottenstreich’s law firm got an...
Companies holding the line, working behind the scenes
President Donald Trump speaks during a press conference at the White House in Washington, D.C., Jan. 30, 2025.Xinhua News Agency | Xinhua News Agency | Getty ImagesThere's a delicate balance playing out at corporations across America.As the Trump administration...
Ferrari-inspired mansion breaks local record in Delray Beach, Florida
A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million.Not only was the megadeal the biggest the area has ever seen, but it was also one of the most unusual: The sale included a...
E.l.f. Beauty CEO ‘relieved’ levies are only 10%
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding.The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was "relieved" the new tariff on Chinese...
NCAA bars transgender women from competing in women’s sports
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena.Charles LeClaire-USA TODAY SportsThe National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from...
Denver Broncos President Damani Leech praises NFL diversity commitment
Denver Broncos President Damani Leech praised the National Football League's commitment to diversity amid corporate and government efforts to reduce diversity, equity and inclusion hiring practices.Leech is one of four African American presidents of NFL teams."I think...
E.l.f. Beauty (ELF) earnings Q3 2025
E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and "softer than expected" sales trends in January, marking a rare downturn for one of beauty's hottest brands. The cosmetics company reported holiday sales that were higher than...
New Orleans prepares for blockbuster weekend
Kansas City Chiefs and Philadelphia Eagles flags at Voodoo Chicken & Daiquiris restaurant on Bourbon Street prior to Super Bowl 59.Kirby Lee | ReutersNew Orleans is preparing for an estimated 125,000 visitors and a presidential visit during the weekend of Super...
Drew Brees hints at return to broadcasting
Drew Brees of ESPN Monday Night Countdown on set before the game between the Miami Dolphins and the Los Angeles Rams at SoFi Stadium in Inglewood, California, on Nov. 11, 2024.Ric Tapia | Getty ImagesFormer New Orleans Saints quarterback Drew Brees said he'd like to...
Bank stocks pop after Fed releases ‘easier’ 2025 stress test
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesBank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress...
Calvin Klein owner PVH blacklisted in China
People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025.Adek Berry | AFP | Getty ImagesChina has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early...
Yum Brands (YUM) earnings Q4 2024
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesYum Brands on Thursday reported quarterly earnings and revenue that beat Wall Street estimates, fueled by strong sales for KFC's international...
Tapestry (TPR) Q2 2025 earnings
The logo of U.S. fashion brand Coach is seen in New York on Nov. 19, 2024.Charly Triballeau | AFP | Getty ImagesShares of Coach parent Tapestry shot up about 15% in premarket trading after the company beat holiday-quarter sales expectations and boosted its full-year...
Peloton (PTON) Q2 2025 earnings
Peloton told investors Thursday it still has a "steep hill to climb" to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike maker posted mixed fiscal...
Bristol Myers Squibb (BMY) earnings Q4 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday said it will slash $2 billion in costs by the end of 2027, expanding...
Eli Lilly to release weight loss drug retatrutide data in 2025
The Eli Lilly & Co. logo at the company's Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty ImagesEli Lilly on Thursday said it expects to release data from a late-stage trial on its next-generation...
Eli Lilly (LLY) earnings Q4 2024
The Lilly Biotechnology Center in San Diego, California, on March 1, 2023.Mike Blake | ReutersEli Lilly on Thursday reported mixed results for the fourth quarter as sales of its blockbuster weight loss Zepbound and diabetes drug Mounjaro soared but saw lower realized...
CEO Lars Fruergaard Jorgensen discusses Wegovy
It's been a rocky few months for Novo Nordisk.Prescription data from IQVIA suggests Novo's obesity drug Wegovy is losing ground to rival Zepbound from Eli Lilly. Wegovy's potential successor, CagriSema, came up short of investor expectations in a closely watched Phase...
Immersive sports firm Cosm eyes international expansion, funding round
Cosm may be coming to a city near you — both in the U.S. and abroad.The immersive sports-viewing technology company has built two dome venues in Los Angeles and Dallas that emulate the experience of being live at a sports stadium. The startup plans to build two more...
DOT Secretary spoke with Musk on airspace reform
An American Airlines plane takes off as a salvage barge with a crane is positioned near the crash site along the Potomac River after a passenger jet collided with a helicopter while landing at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US,...
Ford Motor (F) earnings Q4 2024
DETROIT — Ford Motor beat Wall Street's top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for the company, as CEO Jim Farley promises improvements in vehicle quality and costs.Shares of Ford fell 5% in after-hours...
Ford CEO calls for ‘comprehensive’ tariff analysis for all countries
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13,...
Trump China tariffs will affect Ford, GM vehicles and auto parts
2024 Lincoln Nautilus FordDETROIT — President Donald Trump's move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle...
Barbies and Hot Wheels more expensive under Trump tariffs
The new and old versions of the classic Barbie dolls are on display at Mattel Design Center in El Segundo, California, U.S., February 22, 2024. Mario Anzuoni | ReutersMattel could soon raise the prices of toys like Barbie and Hot Wheels in response to new tariffs...
NWSL agrees to settlement over past mistreatment of players
The official NWSL game ball sits on top of a pedestal with the NWSL Logo on it with the stadium behind the ball at the start of the National Women's Soccer League match between NJ/NY Gotham FC and North Carolina Courage at Red Bull Arena on May 4, 2024 in Harrison,...
All 67 victims recovered, officials say
Family members visit the crash site on the banks of the Potomac River, where American Airlines flight 5342 collided with a US Army military helicopter, at Ronald Reagan Washington National Airport in Arlington, Virginia, on February 2, 2025. Tasos Katopodis | Getty...
Chipotle Mexican Grill (CMG) Q4 2024 earnings
A Chipotle restaurant stands in Manhattan, New York City, on Feb. 6, 2024.Spencer Platt | Getty ImagesChipotle Mexican Grill on Tuesday said traffic to its restaurants keeps rising, helping the company top analysts' estimates for its quarterly earnings.However, the...
Trump tariffs may raise avocado costs
Boxes of avocados are seen at the Central de Abastos market in Guadalajara, Jalisco state, Mexico, on Jan. 31, 2025.Ulises Ruiz | Afp | Getty ImagesChipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go...
Disney (DIS) earnings Q1 2025
Mickey Mouse and Minnie Mouse balloons fly in front of Cinderella's Castle at the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on May 31, 2024.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal first-quarter earnings before the...
Walmart buys Monroeville Mall in Pennsylvania
A Walmart Supercenter during Walmart's multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesWalmart is now a mall owner.On Tuesday, the big-box retailer confirmed that it bought Monroeville...
GM cuts 50% of Cruise staff after ending robotaxi business
A robot car of the General Motors subsidiary Cruise is on a test drive.Andrej Sokolow | picture alliance | Getty ImagesGeneral Motors is laying off roughly half of its employees who remain at its discontinued Cruise robotaxi business.The plans come two months after GM...
Vaccine stocks fall as Senate advances RFK Jr. HHS nomination
FILE PHOTO: Robert F. Kennedy Jr., U.S. President Trump's nominee to be secretary of Health and Human Services, testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30,...
Boeing Starliner crew spacecraft losses total $2 billion
Boeing spacecraft Starliner is seen from the window of SpaceX's Dragon capsule "Endeavour" on July 3, 2024, while docked with the International Space Station during the crew flight test.NASABoeing has lost more than $2 billion and counting on its Starliner spacecraft...
Fox subscription streaming service planned for this year
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 Corp. is finally getting into the direct-to-consumer...
McDonald’s Shamrock Shake returns with Uncle O’Grimacey
McDonald’s Shamrock ShakeSource: McDonald'sMcDonald's is leaning on customers' nostalgia for its McDonaldland characters to spur sales of its Shamrock Shake.The company said Tuesday that Grimace will reunite with his Irish uncle, Uncle O'Grimacey, bringing the mascot...
Merck (MRK) earnings Q4 2024
Sopa Images | Lightrocket | Getty ImagesMerck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street's expectations, as the company temporarily paused shipments of a key vaccine into China. Shares of Merck fell more than 7% in premarket...
Pfizer (PFE) earnings Q4 2024
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersPfizer on Tuesday reported fourth-quarter earnings and revenue that beat estimates as sales of the...
PepsiCo (PEP) Q4 2024 earnings
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks...
Fox free streamer Tubi to offer the game
The last time Fox Corp. aired the Super Bowl, it featured buzzy commercials about its streaming service, Tubi.This year, the broadcaster is taking a bigger leap with the free, ad-supported streamer. It's offering football's biggest game on the service, too."This time...
Construction and home costs could rise
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices.Now tariffs on building materials are adding even more pressure.Roughly 30% of softwood lumber...
Trump tariffs could raise drug costs, worsen shortages
Shana Novak | Stone | Getty ImagesPresident Donald Trump's steep tariffs on Canada, Mexico and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients and threaten cash-strapped generic drugmakers, some drug trade groups...
Trump tariffs could threaten Hollywood production, box office recovery
The Hollywood sign in Los Angeles on Jan. 22, 2024Mario Tama | Getty Images News | Getty ImagesLOS ANGELES — President Donald Trump just launched a trade war with Hollywood's best friend.Known as Hollywood North, Canada has been a bustling production hub for American...
Honda’s new EV production revolution begins with $1 billion in Ohio
A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker's assembly plant in Marysville, Ohio. Michael Wayland / CNBCMARYSVILLE, Ohio — Honda Motor is launching the next generation of its manufacturing in a historically unusual place for the...
FAA to restrict helicopter traffic near D.C. airport after plane crash
The air traffic control at Ronald Reagan Washington National Airport is pictured, in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, as seen from Virginia on Jan. 30, 2025.Evelyn Hockstein |...
New York City office demand is finally back to normal
The Empire State Building, The Chrysler Building and One Vanderbilt are seen amongst other buildings in midtown Manhattan on January 11, 2024 in New York City.Angela Weiss | Afp | Getty ImagesDemand for New York City office space has finally returned to pre-pandemic...
WNBA files for ‘Detroit Shock’ trademark as city bids for team
The Renaissance Center (complex of skyscrapers with the Chrevrolet sign) by the Detroit River.Roberto Machado Noa | Lightrocket | Getty ImagesAs cities across the country vie for the next Women's National Basketball Association team, the league quietly filed a...
Investigators look for clues in fatal collision
The air traffic control at Ronald Reagan Washington National Airport is pictured, in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, with the Capitol dome in the background, as seen from...
Shein releases product safety data ahead of London IPO
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein's Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | ReutersShein is ramping up its charm offensive again as the fast fashion giant eyes a public...
Manufacturers prepare for higher costs
As President Donald Trump threatens to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact.Though Trump is pledging to take his biggest initial swing at Canada and Mexico with a proposed 25% tariff, the U.S....
RFK Jr. struggles with Medicare, Medicaid basics in Senate hearings
Robert F. Kennedy Jr., U.S. President Trump’s nominee to be secretary of Health and Human Services, testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 30, 2025. Nathan Howard...
LVMH watches, jewelry CEOs see luxury sales picking up
After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs.In its earnings call this week, LVMH reported that sales for its watches...
Billionaires bet on AI to security guards
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Europe's richest person, Bernard Arnault, built his...
This is what’s at stake for U.S. auto industry
A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025.Guillermo Arias | AFP | Getty ImagesDETROIT — As President Donald Trump's threat to...
FDA approves Vertex non-opioid painkiller drug Journavx
The Food and Drug Administration on Thursday approved Vertex Pharmaceuticals' non-opioid painkiller pill, a new alternative for pain relief that comes without the risk of addiction. Vertex is now the first drugmaker in decades to gain U.S. approval for a new type of...
American Airlines plane crash highlights concerns with U.S. airspace
Emergency response units search the crash site of the American Airlines plane on the Potomac River after the plane crashed on approach to Reagan National Airport on January 30, 2025 in Arlington, Virginia. Andrew Harnik | Getty ImagesRescuers were still retrieving...
December pending home sales drop as mortgage rates surge
Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.The drop followed four straight months of gains and is the index was at its lowest level...
CEO says it’s not clear why helicopter came into flight path
CEO of the American Airlines Robert Isom addresses the media, after American Eagle flight 5342 collided with a Black Hawk helicopter while approaching Ronald Reagan Washington National Airport and crashed into Potomac River, in Washington, U.S. January 30, 2025. Kevin...
Comcast shifts strategy to mobile as broadband disappoints
Igor Golovniov | Lightrocket | Getty ImagesCable giant Comcast is looking to the wireless business for growth.Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers...
American Airlines collision is the worst U.S. air disaster in years
A screen grab captured from a video shows a regional plane collided in midair with a military helicopter and crashed into the Potomac River in Washington, D.C. United States on Jan. 29, 2025. Kennedy Center Cam | Anadolu | Getty ImagesThe midair collision of a...
Twin Peaks goes public, Panera, Fogo de Chao consider IPOs
Twin Peaks sports bar in Louisville, Kentucky.Google MapsSports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker "TWNP," making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to...
Comcast (CMCSA) earnings Q4 2024
Jeff Fusco | Getty ImagesComcast reports its fourth-quarter earnings before the bell on Thursday. Wall Street will be paying close attention to the state of the company's broadband business, as well as any progress of the spinout of its cable TV networks.Comcast's...
Major League Table Tennis signs first media deal with CBS Sports
Major league table tennis player Debora VivarelliMasha ZolotukhinaMajor League Table Tennis is going primetime.The pro table tennis league that got its start in 2023 by software entrepreneur Flint Lane has signed its first-ever national television deal with CBS...
RFK Jr. Senate confirmation hearing highlights
Robert F. Kennedy Jr., President Donald Trump's controversial pick to lead the Department of Health and Human Services, testified Wednesday before a crucial Senate panel, where he faced questions about vaccine skepticism, his evolving views on abortion and grasp of...
Levi Strauss (LEVI) earnings Q4 2024
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales...
NASA’s SpaceX plan as Trump and Musk call for astronaut return
Elon Musk speaks with U.S. President-elect Donald Trump and guests at a viewing of the launch of the sixth test flight of the SpaceX Starship, in Brownsville, Texas, U.S., November 19, 2024.Brandon Bell | Via ReutersElon Musk and President Donald Trump took to social...
American Airlines jet collides with military helicopter near D.C. airport
A view of emergency response looking from Arlington, Va., south of Ronald Reagan Washington National Airport, across the Potomac River toward the District of Columbia, Wednesday, Jan. 29, 2025.Alex Brandon | APAn American Airlines regional jet with 64 people aboard...
Planet lands $230 million contract for Pelican imagery satellites
An animated rendering of a Pelican satellite in orbit.PlanetSatellite imagery and data analysis company Planet announced it had signed a $230 million contract on Wednesday, with an anchor customer furthering the rollout of its next-generation Pelican satellites."It is...
Fox Super Bowl ads beckon up to $8 million apiece
Fox Corp. is scoring big this Super Bowl.The broadcaster has sold out of ad spots for Super Bowl 59 on Feb. 9, and more than 10 of those commercials sold for $8 million apiece, according to a person familiar with the matter.Fox reported during its November earnings...
Frontier Airlines proposes merging with fellow budget carrier Spirit
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesFrontier Airlines said Wednesday it has again proposed merging with struggling rival...
Starbucks (SBUX) Q1 2025 earnings
Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company's quarterly earnings and revenue beat Wall Street's expectations.The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its...
Top-ranked Rockefeller book at center of publishing mystery
A print copy of "The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom" purchased on Amazon.CNBCThe mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any...
Novo Nordisk’s Ozempic wins FDA approval for chronic kidney disease
The Food and Drug Administration on Tuesday approved Novo Nordisk's Ozempic for patients with chronic kidney disease and diabetes, expanding the use of the wildly popular injection in the U.S. The drug is already widely used and covered to treat Type 2 diabetes. The...
Elon Musk is working with Boeing to deliver Air Force One replacements
First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan....
Starbucks adds two former Taco Bell executives ahead of earnings
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024.CNBCStarbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key...
Elon Musk’s X partners with Visa to offer digital wallet
Elon Musk's social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa.X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money...
Food as medicine startups could benefit
Robert Kennedy Jr., U.S. President-elect Donald Trump's nominee to run the Department of Health and Human Services, arrives at the Hart Senate Office Building on Capitol Hill in Washington, U.S., December 16, 2024. Benoit Tessier | ReutersAs Robert F. Kennedy Jr....
JetBlue shares tumble roughly 20% after disappointing outlook
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares tumbled Tuesday after the carrier's financial outlook disappointed...
Starbucks, McDonald’s, Chipotle to report
People pass by a Starbucks coffee shop in Manhattan, New York, United States on January 15, 2025. Mostafa Bassim | Anadolu | Getty ImagesStarbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies...
Major League Pickleball looks to add teams, reach profitability this year
Ben Johns of the Carolina Pickleball Club rallies the ball during a Major League Pickleball match at Wollman Rink in New York on Sept. 21, 2024.Icon Sportswire | Icon Sportswire | Getty ImagesMajor League Pickleball is on the brink of profitability and is now looking...
Boeing (BA) 4Q 2024 earnings
Kelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C.Kris Tripplaar | SIPPL Sipa USA | APBoeing CEO Kelly Ortberg on Tuesday laid out a recovery plan for the company as he faces investors antsy for...
JetBlue offers some pilots early retirement packages, union says
A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia.Alex Wong | Getty ImagesJetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday.The carrier has...
General Motors (GM) earnings Q4 2024
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 fourth-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting, according to...
Trump health care plan likely good for pharmaceutical companies
U.S. President Donald Trump speaks about prescription drug prices during an appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 20, 2020.Carlos Barria | ReutersPharmaceutical companies appear to be hopeful about their growth...
China-made BYD Shark pickup is a predator circling global truck market
BYD Shark plug-in hybrid electric pickup truckMichael Wayland / CNBCDETROIT — There's a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck.Without...
Aerial firefighting companies’ new challenge: Keeping up with demand
As out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season.The California Department...
Target rolls back major DEI initiatives
Target on Friday said it's rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers.In a memo sent to its employees, the Minneapolis-based retailer said it will end its...
AmEx spending picked up at year-end, thanks to younger cardholders
Silas Stein | Picture Alliance | Getty ImagesAmerican Express's affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.Spending on AmEx cards jumped 8% year over year in the fourth...
For Good’ creates a unique marketing challenge
A still from the film "Wicked."Source: Universal StudiosUniversal is hoping the excitement around "Wicked" can hang around — for good.The movie studio faces a unique challenge: promote and release two build-on films just one year apart. Part one of the "Wicked"...
AI-enhanced films score nods for acting, editing
Adrian Brody in "The Brutalist"Source: A24Two films facing controversy over their use of artificial intelligence led the nominees for the Academy Awards announced Thursday."The Brutalist," a drama about a Hungarian-Jewish architect who survives the Holocaust and flees...
UnitedHealthcare names Tim Noel new CEO after Brian Thompson killing
UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesUnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top...
Nikola shares nosedive on report of potential sale
U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019.Massimo Pinca | ReutersDETROIT — Shares of Nikola closed Thursday down 27.8%...
Boeing expects $4 billion loss for fourth quarter after chaotic 2024
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington.Lindsey Wasson | ReutersBoeing said Thursday that it likely lost about $4 billion in the...
Norovirus vaccine from Moderna could have Phase 3 results this year
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesNorovirus is raging across the U.S. this winter. Moderna might soon have a vaccine for it. A large phase...
Airlines flex pricing power, signaling higher fares in 2025
Travelers walk through O'Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty ImagesHigher airfare is in store this year as strong demand, even during the dead of winter, and...
Store closures rise, led by Party City, Big Lots, Walgreens
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty ImagesStore closures in the U.S. last year hit the highest level since the pandemic — and even more locations are...
Shein exec Donald Tang says Trump tariffs should be applied equally
A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | ReutersShein's ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are "applied equally," the company's executive chairman Donald Tang said on...
Adidas to cut up to 500 jobs
Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024.Justin Sullivan | Getty ImagesAdidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will...
GM’s newest performance vehicle is a Cadillac called the Lyriq-V
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.Cadillac expects to achieve that target with an expanding...
Top sports agent says WNBA salaries are ‘blatantly unfair’
The WNBA has a salary problem, and it's "blatantly unfair to its players," according to top sports agent Jeff Schwartz.Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to...
Christie’s CEO Bonnie Brennan is targeting younger collectors, crypto
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Art house Christie's is aiming to tap the next...
Morgan Stanley CEO Ted Pick says will work with regulators
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets.Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On...
American Airlines (AAL) 4Q 2024 earnings
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesAmerican Airlines' first-quarter earnings outlook on Thursday fell short of...
CNN to lay off hundreds of employees post-inauguration, sources say
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024.John Nowak | CNN | Via ReutersWarner Bros. Discovery's CNN plans to lay off hundreds of employees Thursday as...
Stellantis chairman details U.S. investments for Jeep, Ram to Trump
Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024.Massimo Pinca | ReutersDETROIT — Stellantis Chairman John Elkann detailed several upcoming plans...
Family offices assistants earn as much as $190,000 a year
Martin-dm | E+ | Getty ImagesGood help is hard to find. Family offices, the private investment firms of the ultra-wealthy, are increasingly willing to pay extra for it.The talent war between family offices and Wall Street has driven up salaries not only for top...
Retail crime ‘queenpin’ Michelle Mack to pay restitution to Ulta
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to pay those retailers back as part of her sentence.Michelle Mack, who...
U.S. stock market is ‘inflated’
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCJPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock...
Jamie Dimon on Trump’s tariffs: ‘Get over it’
JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively.Despite fears that the duties could spark a global trade war and reignite inflation domestically, the...
Procter & Gamble (PG) Q2 2025 earnings
Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California. Justin Sullivan | Getty ImagesProcter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, thanks...
United Airlines (UAL) 4Q 2024 earnings
A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty ImagesUnited...
Netflix raises prices on standard, ad-supported plans
The word "Netflix" shines brightly at the presentation of the new season (3) of the Netflix series "Bridgerton" in the Flora.Rolf Vennenbernd | Picture Alliance | Getty ImagesNetflix is hiking the price of most of its U.S. plans.The streaming giant announced on...
‘Moana 2’ tops $1 billion, extending Disney’s box office domination
Dwayne Johnson voices Maui in Disney Animation's "Moana 2."DisneyThe Walt Disney Company's box office domination continued over the holiday weekend."Moana 2" topped $1 billion during the Martin Luther King Jr. Day weekend, becoming the studio's third 2024 release to...
Netflix (NFLX) earnings Q4 2024
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, its recent collection...
Eric Schmidt’s family office invests AI startups
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Eric Schmidt, the billionaire former CEO of Google ,...
Goldman Sachs launches AI assistant as the tech sweeps banking
Goldman Sachs GS AI AssistantCourtesy: Goldman SachsGoldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee,...
Financial industry will embrace crypto if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.The head of the second-largest U.S. bank by assets was asked by CNBC's Andrew Ross Sorkin about how the industry's approach...
FDA approves Johnson & Johnson nasal spray Spravato for depression
This photo provided by Janssen Global Services shows Spravato nasal spray.Janssen Global Services via APThe Food and Drug Administration on Tuesday approved Johnson & Johnson's nasal spray to be used alone in adults with a major depressive disorder that is...
Products and companies most at risk
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesMany of the items that U.S. shoppers browse and buy in retailers' aisles come from far-away factories or farms — a reality that could soon force many consumers...
FAA grounds SpaceX Starship, reports property damage in Caribbean
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APThe Federal Aviation Administration said on Friday that SpaceX's Starship rocket is grounded until the company and regulator complete an...
FTC sues PepsiCo over price discrimination
Cans of Pepsi are on display at a Target store in the Flatbush neighborhood of Brooklyn, New York City, on Feb. 9, 2024.Michael M. Santiago | Getty ImagesThe Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the...
Unrivaled women’s basketball league debuts Friday
Unrivaled 3-on-3 women's basketball leagueCourtesy: UnrivaledUnrivaled, a new 3-on-3 women's professional basketball league, launches Friday, presenting both a major test and opportunity for women's sports to boost its growing profile in the United States.The league,...
Medicare drug price negotiations list includes Ozempic
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. George Frey | ReutersThe Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and...
Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
A Zoox robotaxi sits outside the company's large office and warehouse in Las Vegas.Michael Wayland / CNBCLAS VEGAS — This year is expected to be a crucial one for Amazon's autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its...
Wall Street banks see deal activity picking up, even after record results
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC,...
Starship rocket breaks up midflight, but SpaceX catches booster again
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APSpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the upper stage of the rocket that...
Investors pitch NBA rival basketball league advised by Maverick Carter
Maverick Carter, co-founder and chief executive officer of The SpringHill Company, during the USC Next Level Sports Conference in Los Angeles, California, US, on Thursday, Oct. 17, 2024. Kyle Grillot | Bloomberg | Getty ImagesA group of high powered investors want to...
LIV Golf, Fox Sports announce multiyear media rights deal
A general view of the 18th green the LIV Golf logo and Club 54 during the 3rd round of the LIV Golf Invitational Series Bedminster on July 31, 2022 at Trump National Golf Club in Bedminster, New Jersey.Rich Graessle | Icon Sportswire | Getty ImagesLIV Golf announced...
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier...
First New Glenn rocket reaches orbit
Blue Origin's New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on January 16, 2025.Gregg Newton | Afp | Getty ImagesBlue Origin launched its towering New Glenn rocket for the first time...
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
A Spirit Airlines plane at New York's LaGuardia AirportLeslie Josephs/CNBCSpirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November."We are...
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesDETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last...
Target reports holiday sales early Q4 2024 earnings
Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York. Lindsey Nicholson | Getty ImagesTarget raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday...
Morgan Stanley (MS) earnings Q4 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday.Here's what Wall...
Bank of America (BAC) earnings Q4 2024
Brian Moynihan, CEO of Bank of America, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBank of America reported fourth-quarter earnings before the opening bell Thursday.Here's what the company...
JPMorgan Chase boosting buybacks after Dimon called stock expensive
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Ludovic Marin | Via ReutersJPMorgan Chase executives said the bank...
Medicare $2,000 prescription drug cap may save enrollees thousands: AARP
Most Medicare patients who hit the new $2,000 cap on out-of-pocket spending for prescription drugs could see massive savings, despite changes in premiums, according to a report released Thursday by AARP. The findings suggest the cap could be a huge benefit to older...
FTC sues Deere over equipment repair costs for farmers
John Deere booth signage is displayed at CES 2023 at the Las Vegas Convention Center on January 6, 2023 in Las Vegas, Nevada.David Becker | Getty ImagesThe Federal Trade Commission has sued agricultural equipment giant Deere & Company, arguing it holds a monopoly...
Schizophrenia drug Cobenfy could treat Alzheimer’s
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb believes Alzheimer's is the largest market for its newly approved...
Firefly Aerospace kicks off first moon mission after SpaceX launch
The company's Blue Ghost moon lander before shipping out for launch.Firefly AerospaceAnother American company, Texas-based rocket and spacecraft builder Firefly Aerospace, is moon-bound.Firefly's "Blue Ghost" cargo lander launched from Florida early Wednesday morning...
Goldman Sachs (GS) earnings Q4 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs on Wednesday posted fourth-quarter results that topped estimates on...
Disney wins 2024 box office
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyFoul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024.Full-year ticket sales were down just 3.4% from 2023, reaching $8.74...
JPMorgan Chase (JPM) earnings Q4 2024
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report...
CFPB sues Capital One for ‘cheating’ customers out of over $2 billion in interest
FILE PHOTO: Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021. Andrew Kelly | ReutersThe Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account...
Boeing delivered 30 airplanes in December as gap with Airbus widens
Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and...
Eli Lilly LLY cuts 2024 revenue outlook on weight loss drugs
The Eli Lilly & Co. logo at the company's Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty ImagesEli Lilly cut its revenue guidance on Tuesday as it said demand for its weight loss and diabetes drugs...
Southwest Airlines makes new cuts to company spending to reduce costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines is pausing corporate hiring and promotions,...
JPMorgan Chase COO Daniel Pinto stepping down in June
Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024.Saul Loeb | AFP | Getty ImagesJPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel...
Netflix and Comcast among companies donating to LA wildfire relief
Evacuees from the Eaton fire look through boxes of clothes at a donation center in Santa Anita Park, Arcadia, California, Jan. 13, 2025.Etienne Laurent | AFP | Getty ImagesAs Los Angeles continues to battle wildfires that have destroyed parts of the city and killed at...
Comcast, Harris Blitzer to build NBA, NHL stadium in South Philadelphia
Joe Daniel Price | Moment | Getty ImagesHarris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA's 76ers and the NHL's Flyers.The deal represents a reversal from...
Eli Lilly CEO expects new weight loss pill to be approved next year
David Ricks, CEO, Eli LillyScott Mlyn | CNBCEli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday.The company is set to release key late-stage trial data on the drug, orforglipron,...
Moderna lowers 2025 sales forecast by $1 billion
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesModerna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech...
Lululemon, Abercrombie release early 2024 holiday sales numbers
ORLANDO, Fla. -- Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon's new outlook went over well with investors, leading shares to rise...
JWN raises sales outlook after better holiday season
Shoppers walk into a Nordstrom department store in Austin, Texas, on March 3, 2023.Brandon Bell | Getty ImagesNordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store's...
McDonald’s to close three CosMc’s locations — and open two more
A sign hangs outside of a CosMc's restaurant, a concept recently launched by McDonald’s, in Bolingbrook, Illinois, on Dec. 11, 2023.Scott Olson | Getty ImagesMcDonald's will shutter three locations of its drinks-focused spinoff brand, CosMc's.To test the concept, the...
Airlines extend travel waivers for LAX,
In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty ImagesAirlines have extended travel waivers for Los Angeles airports as...
Ford reveals new special edition of $325,000 Mustang GTD
2025 Mustang GTD Spirit of AmericaFordDETROIT — Ford Motor on Thursday revealed a special edition of its $325,000 Mustang GTD called "Spirit of America," a nod to historical jet-propelled cars sharing the same name.The white vehicle features red and blue stripes down...
Airlines cancel more than 2,000 U.S. flights amid storm, Delta slide-evacuation at Atlanta
Snow blankets the Hartsfield-Jackson Atlanta International Airport as a winter storm moves into the area on Jan. 10, 2025 in Atlanta, Georgia.Joe Raedle | Getty ImagesAirlines canceled more than 2,000 flights on Friday as a massive winter storm snarled travel across...
Stellantis aims to improve U.S. sales, market share in 2025
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | AFP | Getty ImagesDETROIT –...
High-cost weight loss drugs boost nutrition counseling with employers
Packages of weight loss drugs Wegovy, Ozempic and Mounjaro.Picture Alliance | Getty ImagesA few years ago, when Virta Health founder and CEO Sami Inkinen approached employers about leveraging the company's nutrition-oriented digital diabetes program for...
Audemars Piguet CEO Ilaria Resta reinvents luxury watches
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Audemars Piguet, the prestigious Swiss watch brand,...
Chuck E. Cheese makes comeback after bankruptcy
Chuck E. Cheese's parent company has spent $230 million renovated its stores.Source: CEC EntertainmentFour years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation.In June...
Disney, Fox and Warner Bros. Discovery call off Venu sports streaming service
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCDisney, Fox and Warner Bros. Discovery have called off plans to launch...
Ford CEO says China operations earned $600 million in 2024
Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024.Michael Wayland/ CNBCDETROIT — Ford Motor's operations in China earned roughly $600 million last year despite challenging market conditions, CEO...
Delta Air Lines (DAL) 4Q 2024 earnings
Ed Bastian, CEO of Delta Airlines, speaking on CNBC's Power Lunch on Dec. 17th, 2024.Adam Jeffery | CNBCDelta Air Lines' first-quarter outlook on Friday topped analyst expectations as the carrier forecast strong travel demand to start the year, which CEO Ed Bastian...
Walgreens (WBA) earnings Q1 2025
People walk by a Walgreens on Nov. 3, 2024 in Brookline, Massachusetts.Danielle DeVries | CNBCWalgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough...
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
From Japan to St. Lucia, here’s where airfare is falling in 2025
Tourists take photos in Shinsekai with Tsutenkaku tower in sight in Osaka, Japan, on December 12, 2024. Kichul Shin | Nurphoto | Getty ImagesPlanning an international trip this year? You could be in luck, if you're willing to fly far.Long-haul trips are cheaper than...
NHL plans to host two outdoor games in Florida in 2026
Sean Pavone | Istock | Getty ImagesOutdoor hockey in Florida? The National Hockey League says it is up for the challenge.The NHL announced Wednesday that it will host its first outdoor games in the Sunshine State.The league will feature two matchups next year, one as...
Medicare can cover Eli Lilly’s Zepbound for sleep apnea: Health Department agency
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersMedicare drug plans can now cover Eli Lilly's blockbuster obesity drug Zepbound for obstructive sleep apnea, CNBC confirmed on...
157 million monthly active users watch ad-supported content
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesDisney said Wednesday it has an estimated 157 million global monthly active users watching...
VW Scout has more than 50,000 reservations for upcoming EVs
Scout Terra pickup truck and Scout Traveler SUV conceptsScoutLAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.Volkswagen revived Scout, which was an...
Used car prices set to stabilize in 2025 after pandemic volatility
Used Honda Pilots are displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesUsed vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to...
Delta to link loyalty program to Uber, ending partnership with Lyft
Travelers wait for an Uber ride-share vehicle at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesDelta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the...
J&J says lung cancer drugs Rybrevant and Lazcluze extend survival
Niels Wenstedt | Getty ImagesJohnson & Johnson on Tuesday said its lung cancer regimen keeps people alive for at least a year longer than AstraZeneca's Tagrisso, the go-to drug for a certain type of lung cancer.J&J in a statement said its drugs – Rybrevant and...
Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
Honda 0 Saloon & Honda 0 SUV prototypesHondaLAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company's newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio.The vehicles are...
Puma challenges Tiger Woods’ Sun Day Red logo
Puma logo (L) and Sun Day Red Tiger logo (R)Source: U.S. Patent and Trademark OfficeSun Day Red is not out of the woods yet in regard to trademarking its logo.Footwear giant Puma filed a last-minute notice of opposition against Tiger Woods' logos tied to his Sun Day...
Frontier plans new flights from JFK to Miami, Los Angeles and Dallas
Frontier AirlinesNurphoto | Nurphoto | Getty ImagesDiscount carrier Frontier Airlines is beefing up service in New York, planning new routes to major American Airlines hubs with fares starting under $20.The airline plans to launch service between New York's John F....
BMW plans to install new ‘panoramic’ display in all vehicles
BMW plans to offer a new operating system and "panoramic" display in its new vehicles, starting toward the end of this year.BMWLAS VEGAS — BMW AG plans to offer a new operating system and "panoramic" display in all of its upcoming vehicles starting toward the end of...
True Religion acquired by PE firm, Jay Schottenstein firm
True Religion Brand Jeans shop entrance: The company sell what they refer to as 'premium denim' which is handmade in America. Roberto Machado Noa | Lightrocket | Getty ImagesJeans brand True Religion has been acquired by private equity firm Acon Investments and...
Panera Brands CEO Jose Duenas steps down, CFO to fill in
A Panera Bread restaurant is seen on the day it is announced that the Panera Bread company is acquiring sandwich rival Au Bon Pain on November 8, 2017 in Miami Beach, Florida. Joe Raedle | Getty ImagesPanera Bread's parent company announced Tuesday that CEO Jose...
Fed’s Michael Barr clears way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.Ann Saphir |...
Online holiday spending rises with discounts, AI chatbots, Adobe says
Alistair Berg | Digitalvision | Getty ImagesOnline spending rose 8.7% during the holiday season from last year, according to data from Adobe Analytics, as deals and the use of AI-powered chatbots helped inspire purchases.Sales on retailers' websites and apps totaled...
Stellantis reveals redesigned Ram heavy-duty trucks
2025 Ram 2500 Heavy DutyRamDETROIT — Stellantis has redesigned its large Ram heavy-duty trucks — and it's betting those updates will help reverse three consecutive years of sales declines for the brand.The new Ram 2500 and 3500 pickups and chassis cab trucks feature...
Eli Manning interested in New York Giants minority ownership
Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake."It's definitely something of interest," said Manning, who spoke in a CNBC Sport interview. "There's probably only...
Sierra Space CEO Tom Vice leaves the company
Tom Vice, CEO of Sierra Space, talks to employees in front of the company's Dream Chaser space plane on Oct. 30, 2023 in Louisville, Colorado.Helen H. Richardson | Denver Post | Getty ImagesSierra Space CEO Tom Vice has left the company, CNBC confirmed Monday.In a...
Ulta Beauty names new CEO Kecia Steelman to replace Dave Kimbell
People walk past an Ulta Beauty store in the Manhattan borough of New York City on March 8, 2022.Carlo Allegri | ReutersUlta Beauty CEO Dave Kimbell is retiring and will be replaced by the retailer's Chief Operating Officer Kecia Steelman, the company announced...
UK visitors from dozens of countries will have to pay new entry fee
Pedestrians shelter from the rain under umbrellas as they pass the Elizabeth Tower, commonly known by the name of the clock's bell, Big Ben, at the Palace of Westminster, home to the Houses of Parliament, in London on Feb. 22, 2024.Henry Nicholls | AFP | Getty...
Toyota exploring orbital rocket development, makes startup investment
After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy.Photo by Yoshikazu Tsuno | Gamma-rapho | Getty ImagesLAS VEGAS — Toyota Motor is exploring the development and...
Winter storm disrupts thousands of U.S. flights
Airplanes on the tarmac during a snow storm at Ronald Reagan Washington National Airport in Arlington, Virginia, US, on Monday, Jan. 6, 2025. Ting Shen | Bloomberg | Getty ImagesThousands of flights were disrupted Monday as a winter storm moved eastward, snarling air...
Lucid reports record quarterly deliveries, meets production target
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than...
Disney Hulu+ Live TV and Fubo to combine
The FuboTV app on a television arranged in New York, US, on Wednesday, Feb. 21, 2024. Gabby Jones | Bloomberg | Getty ImagesDisney's Hulu+ Live TV will be combined with Fubo, merging together two internet TV bundles, the companies announced on Monday. Bloomberg...
Comcast’s Universal Ads platform is a bid to win smaller advertisers
Jaque Silva | Nurphoto | Getty ImagesComcast plans to launch a new advertising platform that will make it easier for smaller businesses to buy ad time — and, the company hopes, to beckon some advertisers away from social media and digital outlets and over to...
Manufacturer still faces tough recovery
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024.Jennifer Buchanan | Via ReutersBoeing is embarking on another rebuilding year.A year ago, the company was thrust back into the spotlight for concerns over safety and...
DraftKings tests subscription service in New York
Sports betting company DraftKings' logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesDraftKings is upping the ante.The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying...
Surgeon general issues new advisory
A customer drinks a glass of beer at the Saxton Pub in Austin, Texas, April 5, 2023.Brandon Bell | Getty ImagesThe U.S. surgeon general issued a new advisory warning Friday about the link between alcohol consumption and increased cancer risk, and pushed for policy...
GM, Ford 2024 U.S. sales are best since 2019
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024.Robyn Beck | Afp | Getty ImagesDETROIT – Both General Motors and Ford Motor on Friday reported their best...
DOT fines JetBlue for ‘chronically delayed flights’
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013.Fred Prouser | ReutersThe Department of Transportation fined JetBlue Airways $2 million for "chronically delayed flights," the first penalty...
Rivian meets 2024 vehicle production target after lowering projections
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty ImagesRivian Automotive's 2024 vehicle production and deliveries were in line with the company's previously announced expectations.The...
Hindenburg shorts Carvana, calls turnaround a ‘mirage’
CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer's recent turnaround is a "mirage" that's being propped up by unstable loans and accounting...
These airlines were the most on-time in 2024
Travelers view the arrival and departure boards at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021.Elijah Nouvelage | Bloomberg | Getty ImagesAir travel demand continued to surge in 2024, led by a bounce...
Wendy’s, Denny’s, Red Lobster close locations in 2024
A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come.Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts...
Housing market supply is ‘stale’ to end 2024
A home available for sale is shown in Austin, Texas, on May 22, 2024.Brandon Bell | Getty ImagesThere's good news in the housing market to close out 2024: There's a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for...
Horse racing set for a resurgence in the U.S.
Horse race At the harness racing week on the Freehold Raceway in New Jersey: a reverse race with the sulky fixed in front of the horse - 1930.Robert Sennecke | Ullstein Bild | Getty ImagesAmerica's oldest horse racetrack is closing after running its last race on the...
Why was there a wall at the end of the runway
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | ReutersAviation experts are questioning the role of an airport design that positioned a mound of dirt...
Boeing falls after South Korea orders B737-800 inspection
The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024.SeongJoon Cho | Bloomberg | Getty ImagesBoeing shares were down more than 3% in late-morning trading Monday, after South Korea ordered an...
Boeing 737-800 is among world’s most common aircraft
A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport. Fabrizio Gandolfo | Lightrocket | Getty ImagesAccident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in...
Netflix sets streaming record with Christmas Day NFL games
A detailed view of a Netflix Christmas Gameday sign during the regular season NFL football game between the Kansas City Chiefs and Pittsburgh Steelers on December 25, 2024 at Acrisure Stadium in Pittsburgh, PA. Icon Sportswire | Icon Sportswire | Getty ImagesChristmas...
Ad revenue should stabilize for media companies in 2025
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesThe...
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests.The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the American Bankers Association, the Ohio Bankers League,...
A look back at U.S. airlines’ wild 2024, from door plugs to bankruptcy
People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024. Megan Varner | ReutersIt's been another eventful year for U.S. air travel. Just five...
American Airlines temporarily grounded flights due to technical glitch
American Airlines planes sit by their gates at the Miami International Airport on October 25, 2024 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines grounded its U.S. flights Tuesday morning due to a technical problem, snarling travel during what carriers...
Soaring athlete salaries attract wealth advisors
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Skyrocketing salaries for top athletes and lucrative...
FDA Zepbound shortage ends, impacts patients, compounding pharmacies
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe roughly $1,000 monthly price tag of Eli Lilly's weight loss drug Zepbound put the blockbuster treatment out of reach for Willow...
Trump’s 25% tariffs an existential threat to Canada’s auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021.Cole Burston | Bloomberg | Getty ImagesDETROIT — There's growing concern that President-elect Donald Trump's...
U.S. sues Walmart, Branch Messenger over driver payment accounts
A Walmart truck pulls out of a Walmart Distribution Center in Hurricane, Utah, on May 30, 2024.George Frey | Afp | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly...
Nordstrom to go private in $6.25 billion deal with founding family
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesNordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom's founding...
Lego brick sets take new shape, keep toy industry afloat
A customer reaches for a box from the Lego Dots range at the Lego A/S store in London, U.K., on March 7, 2022.Bloomberg | Getty ImagesThe toy industry is headed for its second consecutive annual sales decline, but it's got one thing propping it up: colorful,...
2025 media predictions from 13 anonymous executives
Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R).Getty ImagesHo, ho, ho! It's a CNBC holiday tradition: Anonymous media executives make their 2025 industry predictions.In honor of the 12 days of Christmas, we give you 12 predictions from some of the...
FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesThe Food and Drug Administration on Friday approved Eli Lilly's blockbuster weight loss drug Zepbound...
Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023.Joe Raedle | Getty ImagesParty City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report.CEO Barry Litwin told...
Fintechs are 2024’s biggest gainers among financials
Jason WilkSource: Jason WilkJason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm.It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep...
Netflix to stream FIFA Women’s World Cup in 2027, 2031
Esther Gonzalez of Spain kisses the FIFA Women's World Cup Trophy after the team's victory in the FIFA Women's World Cup Australia & New Zealand 2023 Final match between Spain and England at Stadium Australia on August 20, 2023 in Sydney / Gadigal, Australia.Alex...
What a government shutdown could mean for air travel
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty ImagesA government shutdown is looming...
CFPB sues JPMorgan Chase, Bank of America, Wells Fargo over Zelle fraud
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
Starbucks workers strike in LA, Chicago and Seattle ahead of Christmas
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty ImagesStarbucks baristas in some locations are planning to strike through Christmas...
CEO departures at U.S. companies hit a record this year
Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images)TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty ImagesRetired,...
Pro pickleball players are getting a higher salary than WNBA players
NEW YORK CITY, NY - SEPTEMBER 21: Anna Leigh Waters of the New Jersey Fives rallies the ball during a Major League Pickleball match on September 21, 2024 at Wollman Rink in New York, New York. (Photo by Andrew Mordzynski/Icon Sportswire via Getty Images)Icon...
Nike (NKE) earnings Q2 2025
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected to lay out the...
November home sales surged more than expected
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesSales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put...
Eli Lilly weight loss drug Zepbound no longer in shortage
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersThe Food and Drug Administration on Thursday said the active ingredient in Eli Lilly's weight loss drug Zepbound is no longer in...
Darden Restaurants (DRI) Q2 2025 earnings
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales...
Mall restaurants like Cheesecake Factory, Eataly help to draw shoppers
Editor's note: This is the third story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new retailers, experiences and even apartments. Read the first and second parts.Malls used to be the destination for...
How Vuori is taking on Lululemon
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men's shorts and couldn't get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors...
College sports valuations: Top 75 athletic programs
Ohio State Buckeyes players stand on the field after a game against the Indiana Hoosiers and the Ohio State Buckeyes on Nov. 23, 2024, at Ohio Stadium in Columbus, Ohio.Icon Sportswire | Icon Sportswire | Getty ImagesWith major college sports programs collectively...
Private equity looks to buy in to college sports
There's a mad dash for cash in college sports.Between multibillion-dollar television deals, the institution of the transfer portal and the escalation of NIL —name, image and likeness — deals for athletes, college athletic programs, particularly football, have never...
Why health insurance upsets Americans
A person holds a sign while standing on the roadside near the McDonald's restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew...
American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty ImagesThere may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history.The number of extra bedrooms, which is defined as a bedroom in excess of the number...
Stellantis further delays electric Ram pickup truck
2025 Ram 1500 Ramcharger TungstenRamDETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric...
2025 U.S. auto sales expected to be best since 2019
A sale sign is seen at car dealer Serramonte Subaru in Colma, California.Stephen Lam | ReutersDETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to...
Merck signs weight loss pill licensing deal with Hansoh Pharma
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey.Spencer Platt | Getty ImagesMerck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to...
Holiday decor spending could help retailers
Zoom In IconArrows pointing outwardsThe Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family.Courtesy: Mike MilamFor the holiday season, the front lawn of the...
Japan’s Honda and Nissan to reportedly begin merger talks
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via ReutersDETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to...
Grubhub to pay $25 million in FTC settlement over harmful practices
An App-based delivery worker waits outside of a restaurant that uses app deliveries on July 07, 2023 in New York City. Spencer Platt | Getty ImagesGrubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame...
Starbucks union authorizes strike ahead of bargaining session
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Mario Tama | Getty...
Walmart employees wearing body cameras
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has...
Unrivaled women’s basketball league closes $28 million Series A
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team's WNBA basketball game against the New York Liberty, May 23, 2024, in New York.Frank Franklin II | APStartup basketball league Unrivaled announced on Monday it's closed a...
Family offices face hidden risks in making direct investments
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices making direct investments in private...
GM’s Cruise robotaxi business is latest growth initiative to falter
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023.David Paul Morris | Bloomberg | Getty ImagesDETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending...
Why it’s getting harder to get a free first-class flight upgrade
Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018.Jeff Greenberg | Universal Images Group | Getty ImagesCheap seats aren't enough for airline passengers anymore.Since the pandemic,...
Restaurant winners and losers include McDonald’s, Chili’s, Taco Bell
A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty ImagesA rocky year for restaurants separated the industry's biggest chains into winners and losers, as eateries...
UnitedHealth Group CEO Andrew Witty addresses Brian Thompson death
Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in the Dirksen Building in Washington, D.C., on May 1, 2024.Tom...
Over $100 trillion in wealth set to be inherited
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is...
Agent Scott Boras says wasn’t just about money
Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life.On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It's the largest deal in professional sports...
Flushing Financial seeks to raise $70 million
Flushing Bank in New York City.Google EarthFlushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank's CEO, John Buran, has told potential investors that he intends to sell...
Costco (COST) earnings Q1 2025 earnings
Costco on Thursday beat Wall Street's quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture.On the membership-based warehouse club's earnings call, Chief Financial Officer Gary Millerchip said customers...
WBD announces restructuring into linear, streaming units
President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Michael Tran | Afp | Getty ImagesWarner Bros. Discovery on Thursday announced a restructuring plan...
Federal Aviation Administration head Michael Whitaker to step down
Federal Aviation Administration Administrator Mike Whitaker listens to a question during a news conference on the FAA's work to hold Boeing accountable for safety and production quality issues, at the Federal Aviation Administration Headquarters on May 30, 2024 in...
CFPB announces rule limiting bank overdraft fees
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting...
Whoopi Goldberg’s All Women’s Sports Network aims to raise awareness
Hollywood icon Whoopi Goldberg hopes her newly launched All Women's Sports Network will bring more attention to women's sports.Goldberg started the network with George Chung, co-founder of international media holding company Jungo TV. It's the first global media...
Health care stocks fall after Warren PBM bill, Brian Thompson shooting
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesShares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients...
Buoyed by Trump, U.S. dealers optimistic on everything except EV sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020.Nick Carey | ReutersDETROIT — There's a "renewed optimism" among U.S. car dealers heading into 2025, fueled...
Nike renews its contract with the NFL until 2038
Nike football shoes are seen in a store in Krakow, Poland on August 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesNike has renewed its partnership with the National Football League for another 10 years after the league briefly opened the bidding process to...
SpaceX valuation surges to $350 billion as company buys back stock
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched on its sixth test at the company's Boca Chica launch pad in Brownsville, Texas, on Nov. 19, 2024.Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX hit $350 billion...
NFL Philadelphia Eagles minority stake sale approved
Philadelphia Eagles quarterback Jalen Hurts (1) looks on in the second half during the game between the Carolina Panthers and Philadelphia Eagles on December 08, 2024 at Lincoln Financial Field in Philadelphia, PA.Icon Sportswire | Icon Sportswire | Getty ImagesThe...
JetBlue to bring ‘junior Mint’ first class to domestic flights in 2026
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Albertsons sues Kroger after judge rules against grocery merger
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022.Brendan McDermid | ReutersAlbertsons on Wednesday formally terminated its proposed $25 billion merger with...
Sports Illustrated buys naming rights of Red Bull Arena
Rendering of Sports Illustrated StadiumThe New York Red Bulls have a new stadium naming rights partner.On Wednesday, the Major League Soccer 2024 Eastern Conference Champions announced a 13-year naming rights deal with Sports Illustrated.Effective immediately, the...
Tom Brady watches, game-worn jerseys sell for $9 million at auction
Tom Brady's Rolex worn during his 2023 season.Sotheby's (L) | Reuters (R)Sotheby's has scored big off of Tom Brady.The auction house held its "GOAT Collection" sale on Tuesday night, selling all 41 items offered for a total of $9 million. The lots consisted of...
Ro to offer weight loss drug Zepbound vials by working with Eli Lilly
Patients will be able to access Zepbound single-dose vials at RoCoutesy: RoDirect-to-consumer health-care startup Ro on Wednesday said its platform will now offer more affordable single-dose vials of the weight loss drug Zepbound through a new partnership with Eli...
Macy’s (M) earnings Q3 2024
A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million...
C.H. Robinson CEO says logistics business can weather Trump tariffs
Dave Bozeman, chief executive officer of C.H. Robinson.Source: C.H. RobinsonAs Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he'll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a...
Unrivaled women’s basketball league signs deal with Under Armour
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesThe pieces are coming together for the startup basketball league Unrivaled.The 3x3 women's hoops league announced Tuesday that it has signed a multiyear...
Adidas’ German headquarters raided in connection with tax investigation
The "Arena" office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake.Daniel Karmann | Picture Alliance | Getty ImagesAdidas' German headquarters was raided on Tuesday in connection with a yearslong tax...
Insurance stocks down since UnitedHealthcare CEO Brian Thompson killing
A banner hanging from on overpass along the southbound lane of I-83 that says, "Deny Defend Depose Health Care 4 All."Lloyd Fox | Baltimore Sun | Tribune News Service | Getty ImagesMajor insurance stocks have fallen more than 6% since their closing prices last...
Olympics transformed Salt Lake City into a tech hub
Spectators file into the Olympic Medal Plaza in downtown Salt Lake City, Utah, during the 2002 Olympics. Buildings are draped with Olympic athletic figures, and the Olympic rings glow on the mountainside above the city, Feb. 16, 2002.AFP Photo/George Frey via Getty...
Stellantis CEO Carlos Tavares lost control of the automaker, sources say
Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | ReutersDETROIT — "Arrogant." It's the word former Stellantis CEO Carlos Tavares used in June...
Alaska Airlines plans new nonstop flights to Japan, Korea
Alaska Airlines planes.Anadolu | Anadolu | Getty ImagesAlaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there.Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September,...
University of Utah video game program fuels $2 billion industry
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop.University of UtahThis article is part of CNBC's Cities of Success series, which explores cities that have transformed into...
Florida ‘condo cliff’ coming as owners deal with Surfside fallout
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo...
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022.Michael Wayland / CNBCDETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has...
Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty ImagesComcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000...
Hershey stock soars on report of another Mondelez takeover attempt
The logo of Hersheys ,taken in Manhattan. Michael Kappeler | Picture Alliance | Getty ImagesShares of Hershey climbed as much as 15% in morning trading on Monday after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company.Hershey's...
Activist Barington takes aim at Macy’s, seeks spending, real-estate fixes
People walk past the Macy's Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty ImagesActivist investor Barington Capital revealed Monday it had a position in Macy's and was looking for the company to cut spending, weigh the...
United Healthcare CEO shooting: Executives worry about safety
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor...
CFPB sues Comerica Bank over federal benefits program
Comerica Bank building facade with blue signage and brick exterior, Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty ImagesThe Consumer Financial Protection Bureau filed a complaint on Friday against Comerica Bank, accusing the...
Ulta Beauty (ULTA) earnings Q3 2024
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care.The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the...
Lululemon (LULU) earnings Q3 2024
Lululemon's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year.The yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines and said it's...
Why developers are building housing at shopping malls
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm.Some U.S. developers...
Dollar General tests same-day delivery as discounter chases Walmart
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings...
Court rejects Boeing plea deal tied to 737 Max crashes
In an aerial view, Boeing 737 Max fuselages are seen on railcars during an ongoing strike by Boeing factory workers on October 24, 2024 in Seattle, Washington. David Ryder | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a fraud charge...
LSU star Flau’jae Johnson signs equity deal with Unrivaled basketball league
BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan...
Southwest, American raise sales outlooks, shares jump
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024.Mario Tama | Getty ImagesSouthwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares,...
MLS Commissioner Don Garber talks Apple subscribers, Messi
Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday.Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just...
Prescription fills for Zepbound, Wegovy weight loss drugs double: GoodRx
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersPrescription fills for blockbuster weight loss drugs in the U.S. more than doubled in 2024, even with limited insurance coverage and...
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024. Shannon Stapleton | ReutersAmerican Airlines has inked a...
American Eagle (AEO) earnings Q3 2024
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California.Justin Sullivan | Getty ImagesAmerican Eagle shares dropped about 13% in extended trading Wednesday after the company reported third-quarter earnings in which it issued weak...
JetBlue cuts more unprofitable routes, tweaks Europe flights
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty...
Trump nominates Jared Isaacman for NASA Administrator
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne,...
ESPN to add more sports content to Disney+
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesESPN is coming to Disney+. Now, the sports network wants to make sure Disney+ users come to ESPN.Walt Disney debuted a dedicated ESPN tile Wednesday on Disney+ for people who...
Eli Lilly Zepbound causes more weight loss than Novo Nordisk Wegovy: Trial
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk. ReutersEli Lilly on Wednesday said its obesity drug Zepbound led to more weight loss than its main rival, Novo Nordisk's Wegovy, in the...
Foot Locker (FL) earnings Q3 2024
Foot Locker store location on 34th street in New York City.Courtesy: Foot LockerFoot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike.The sneaker giant...
GM expects more than $5 billion impact from China restructuring, including plant closures
Employees work on Buick Envision SUVs at General Motors' Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China.Tang Ke | Visual China Group | Getty ImagesDETROIT – General Motors expects...
Airline executives set to defend seat fees before Senate panel
Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft.Brent Lewin | Bloomberg | Getty ImagesU.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry...
J.P. Morgan Private Bank holiday recommendations for the wealthy
Courtesy: J.P. Morgan Private BankJ.P. Morgan Private Bank is out with its list of recommended holiday books and experiences for wealthy clients, and this year's offerings include a George Clooney Broadway debut, an expanded art museum in São Paulo, Brazil, a wellness...
Constellation Brands to sell Svedka vodka to Sazerac
Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.Bing Guan | Bloomberg | Getty ImagesConstellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based...
CDC says McDonald’s E. coli outbreak is over
In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesThe Centers for Disease Control and Prevention...
Why Dollar General and Dollar Tree are struggling
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General.Shares of the deep discounters have plunged so far in 2024. The retailers have each...
Frontier Airlines to debut first-class seats for high-paying flyers
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesFrontier Airlines, one of the world's biggest budget airlines, is adding first-class seats.Its change in strategy...
Banks raise costs in response to CFPB rule
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesBanks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response...
‘Moana 2’ and ‘Wicked’ fuel biggest Thanksgiving box office ever
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyIt was all feast and no famine at the Thanksgiving box office this year.The tag-team of Disney's "Moana 2," Universal's "Wicked" and Paramount's "Gladiator II" pushed the five-day Thanksgiving holiday...
GM to sell stake in battery cell plant to LG partner for $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020.Photo by Steve Fecht for General MotorsDETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle...
Jaguar reveals ‘Type 00’ concept car, first in controversial rebrand
Image of Jaguar Type 00 concept vehicleJaguarFamed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called "Type 00."The vehicle, pronounced "Type Zero Zero," features a minimalistic...
Stellantis CEO Carlos Tavares resigns amid problems in U.S.
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty ImagesDETROIT — Stellantis CEO Carlos Tavares has unexpectedly...
College Football Playoff expansion boosts ESPN, Disney
Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan. Aaron J. Thornton | Getty Images...
Retail winners pull away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty ImagesAs the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers...
How the 2024 election will impact Black Friday, holiday spending
BATTLE CREEK, MICHIGAN - DECEMBER 18: A hat tops off a Christmas tree at a "Merry Christmas" rally hosted by U.S. President Donald Trump at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. The House of Representatives will vote later today to...
‘Moana 2’-led Thanksgiving box office could be best in years
Auliʻi Cravalho voices Moana in Disney Animation's "Moana 2."DisneyThe domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator.Disney's "Moana 2" is set to hit...
Nordstrom (JWN) earnings Q4 2024
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain.Yet despite its...
‘Wicked’ soars with $114 million domestic opening, ‘Gladiator’ snares $55.5 million
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."UniversalThe box office was a popular destination this weekend as Universal's "Wicked" and Paramount's "Gladiator II" arrived in cinemas."Wicked" is expected to snare $114 million...
Walmart pulls back on DEI efforts, removes some LBGTQ merchandise
Walmart Supercenter in Burbank onThursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty ImagesWalmart on Monday confirmed that it's ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a...
Trump tariff plan threatens to make Modelo more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty ImagesShares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25%...
Senate report slams airlines for raking in billions in seat fees
A Delta Air Lines cabin.Leslie Josephs/CNBCA Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights.Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including...
GM, Stellantis shares fall on Trump tariff threat for Mexico, Canada
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019.Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis...
Best Buy (BBY) earnings Q3 2025
Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street's quarterly revenue expectations, as early holiday shopping and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales.The consumer electronics retailer said it...
Dick’s Sporting Goods (DKS) earnings Q3 2024
The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent"...
Abercrombie & Fitch (ANF) earnings Q3 2024
An Abercrombie & Fitch store stands in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty ImagesAbercrombie & Fitch isn't giving up its crown any time soon. The apparel company issued strong holiday guidance on Tuesday after posting...
Amgen says weight loss drug MariTide caused up to 20% weight loss after a year
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a...
State Farm signs JuJu Watkins, increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports.State Farm is furthering its investment in women's sports with two new deals.The insurance giant announced on Monday that it had signed college basketball star...
Starbucks vendor hit by ransomware attack, affecting pay and schedules
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024.Hollie Adams | ReutersA ransomware attack on one of Starbucks' software vendors has disrupted how the coffee chain's baristas view and manage their schedules, the company said...
Kohl’s CEO Tom Kingsbury to step down, replaced by Ashley Buchanan
Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury.Courtesy: Michael's | Kohl'sKohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he...
Mango plots U.S. store expansion to grow market, elevate brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end...
Auto industry pulls back after unprecedented EV, self-driving spending
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidDETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of...
Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022.Jeff Greenberg | Universal Images Group | Getty ImagesAir travelers face a host of headaches on their journeys: slow security lines, long waits for...
How women billionaires make, spend and give away their fortunes
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California.Stefanie Keenan | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with...
‘Wicked,’ ‘Gladiator II’ opening weekend heads for $200 million
Posters for Wicked and Gladiator IISources: Universal (L), Paramount (R)The box office this weekend will be painted pink and green, with a splash of red.Universal's "Wicked" and Paramount's "Gladiator II" arrive ahead of the Thanksgiving holiday and are expected to...
Caitlin Clark joins NWSL Cincinnati ownership group
Caitlin Clark #22 of the Indiana Fever brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse on September 15, 2024 in Indianapolis, Indiana. Justin Casterline | Getty ImagesCaitlin Clark has joined an ownership group looking to create a...
Thousands of Americans see their savings vanish
Oscar Wong | Moment | Getty ImagesFor 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they...
Retailers like Macy’s, Gap and TJX jack up store card APR
Tommy | Digitalvision Vectors | Getty ImagesDozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad...
Gap (GAP) Q3 2024 earnings
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic,...
SailGP signs Rolex as title partner of global sailing competition
SailGP signs Rolex as first title partner of global sailing competitionCourtesy: SailGPThe self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition.SailGP, which kicks off the 2025 season in Dubai on...
Wayne Gretzky talks Alex Ovechkin NHL goals record pursuit
As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky's all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him."Alex has been exceptional for our game," Gretzky said on CNBC's "Squawk Box"...
MLS’ New York City FC, Etihad Airways agree to stadium naming rights deal
New York City FC renderings for Etihad Park stadium in Queens, NY.Courtesy: New York City FC.When New York City FC's new stadium opens up just before the 2027 Major League Soccer season, it will have a familiar partner's name tied to it. The club is partnering with...
Home sales surged in October before mortgage rates jumped
A home with a "Sold" sign from a real estate company in North Patchogue, New York.Steve Pfost | Newsday | Getty ImagesA sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.Sales of previously owned homes last month rose 3.4%...
Crypto investor pays $6 million for a banana — and plans to eat it
Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Kena Betancur | Afp | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth...
CFPB expands oversight of Apple Pay, other digital payments services
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress," in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll...
TGL New York Golf Club brings on Eli Manning, Derek Jeter as investors
New York Golf Club includes Matt Fitzpatrick, Rickie Fowler, Xander Schauffele and Cameron Young.Courtesy: TGLTiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple.Cohen Private Ventures, the family office of...
American Airlines to shame boarding line cutters with new technology
Haiyun Jiang | Bloomberg | Getty ImagesWatch out, line cutters. American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called.Customers who try to scan a boarding pass...
Comcast cable networks spinoff emphasizes need for change in media
Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed...
Hyundai all-electric Ioniq 9 three-row SUV revealed
2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market.The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric...
McDonald’s preparing ‘McValue’ offering for 2025
A McDonald's is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024.Michael M. Santiago | Getty ImagesMcDonald's is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants.The company is...
Utah Hockey Club is beefing up Salt Lake City’s roster as a sports hub
Barrett Hayton #27 of the Utah Hockey Club skates against the Vegas Golden Knights on November 15, 2024 at Delta Center in Salt Lake City, Utah. Jamie Sabau | National Hockey League | Getty ImagesSalt Lake City checked all the boxes for a new professional sports team...
Cleveland launches formal bid for a WNBA team
Cleveland, OhioKen Redding | The Image Bank | Getty ImagesDan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio.Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on...
NHL looks beyond U.S., Canada for league growth
A general view during the 2022 NHL Global Series Challenge between the Nashville Predators and the San Jose Sharks at O2 Arena in Prague, Czech Republic, on Oct. 7, 2022.Martin Rose | Getty Images Sport | Getty ImagesIf all goes according to plan for the National...
How NHL salary cap works
For a National Hockey League team to hoist the Stanley Cup, it takes playing an 82-game regular season, winning four playoff series and some strict attention to math along the way. The NHL is one of two of the big four North American sports leagues with a hard salary...
TJX Companies (TJX) earnings Q3 2025
TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street.TJX comfortably beat Wall Street's expectations during its fiscal third...
CNBC Official NHL Team Valuations 2024
The National Hockey League is commanding more respect when it comes to team values.The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League...
Delta CEO says Trump regulation stance could be ‘breath of fresh air’
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022.Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of...
Delta forecasts sales growth in 2025 thanks to ‘resilient economy’
A Delta aircraft at the airline's hangar in AtlantaLeslie Josephs/CNBCDelta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. It also said it...
CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.Jakub Porzycki | Nurphoto | Getty ImagesCVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency's case against drug supply chain middlemen...
Disney Treasure cruise ship debuts; fleet to double by 2031
The captain of the Disney Treasure is Voyager Minnie, a version of the character that is specially costumed for the cruise ship.DisneyThe Disney fleet is expanding.Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to...
Mike Tyson, Jake Paul fight was most-streamed sports event: Netflix
Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium in Arlington, Texas, on Nov. 15, 2024.Kevin Jairaj | Usa Today Sports Via Reuters ConFriday's highly anticipated boxing match between former heavyweight champion Mike Tyson and...
Watch SpaceX launch Starship’s sixth test flight
The SpaceX Starship lifts off from Starbase near Boca Chica, Texas, on November 19, 2024, for the Starship Flight 6 test. Chandan Khanna | AFP | Getty ImagesSpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up...
Comcast will announce the spinoff of cable networks Wednesday, sources say
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday.The separation is expected to take...
Target (TGT) Q3 2024 earnings
People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver | Lightrocket | Getty ImagesTarget will report fiscal third-quarter earnings on Wednesday and offer the latest clues on how the holiday season is shaping up for retailers, as the company...
Stellantis delays Ram electric pickup trucks until 2025
Stellantis' Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty ImagesDETROIT...
Walmart says new Trump tariffs could raise prices
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty ImagesWalmart's CFO John David Rainey said the retailer would likely have to raise prices...
RFK Jr. is Trump pick for HHS secretary. Here’s what he could do
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersPresident-elect Donald Trump has tapped Robert F. Kennedy Jr. to lead the Department of...
Lowe’s (LOW) Q3 2024 earnings
LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming...
Walmart (WMT) Q3 2025 earnings
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up.Here's what the discounter is...
More Americans get news from social media influencers
About 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center.The rise of social media personalities doling out information was particularly true among the youngest users, and...
What travelers need to know about Spirit Airlines’ bankruptcy
A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first...
NBA, Warner Bros. Discovery settle lawsuit over live game rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the...
AMC debt threatens its ability to ride the box office rebound
Cars drive near an AMC Theater in New York City on March 29, 2023.Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world's largest movie...
LeBron James’ SpringHill agrees to merge with Kardashians producer Fulwell 73
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles.Matt Sayles | APLos Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger...
Spirit Airlines files for bankruptcy protection after mounting losses
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesSpirit Airlines, an icon of budget air travel that reshaped the industry, has filed for...
McDonald’s, Starbucks aim to improve
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesAfter a tough year for the restaurant industry, executives can't wait for 2025 to start."I don't know about you guys, but I'm ready for '24 to be behind...
McDonald’s to invest over $100 million in E. coli outbreak recovery
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast-food...
Space stocks rally on ‘Trump-Elon trade,’ analysts say
A hot fire test of an Archimedes engine, which powers the company's Neutron rocket.Rocket LabThis past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to...
Paul, Tyson fight breaks record for biggest non-Vegas boxing gate
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024.Cooper Neill | Getty ImagesThe highly anticipated boxing match between Jake Paul and Mike...
Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto ShowMichael Wayland | CNBCDETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the...
Disney parks profits hit records — even before big expansions
People walk in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom.Disney's theme park division posted record revenue and profit in...
SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018.Bloomberg | Bloomberg | Getty ImagesSpaceX's...
Why Home Depot acquired SRS Distribution
A warehouse for Texas Pool Supply, a company that's part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It's an example of the specialized business that Home Depot includes after acquiring SRS.Melissa...
U.S. companies in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump's trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hardline approach could stunt their prospects in the world's second largest economy – and turn them into targets of...
GM lays off 1,000 employees amid reorganization, cost-cutting
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing...
The top 10 family offices for startup investments
Guillaume Houze attends the 33rd ANDAM Prize Winner cocktail at les Jardins du Palais Royal on June 30, 2022 in Paris, France.Pascal Le Segretain | Getty Images Entertainment | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter...
Landry CEO Fertitta becomes Wynn Resorts’ largest individual shareholder
The new Wynn Casino and Lisboa Casino in Macao, China.Bob Henry | Universal Images Group | Getty ImagesBillionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the U.S. Securities and Exchange Commission.The...
Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024.Thomas Machowicz | ReutersShares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services. The...
Disney earnings offer hope that streaming can supplant linear TV
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesDisney might be proving the world's most famous investor wrong.Last year, Warren Buffett, "The Oracle of Omaha," told...
Adidas signs NIL deal with girls’ high school basketball Kaleena Smith
Adidas has signed Kaleena Smith as the bradn's first NIL high school basketball player.Adidas has signed one of its youngest female athletes yet.The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl's...
Diamond Sports reaches key milestone toward exiting bankruptcy
Jose Siri, #26 of Major League Baseball's Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d'Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on...
Disney doesn’t plan to change its TV networks portfolio anytime soon
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that...
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Homebuilder deal activity is surging, fueled by major Japanese buyers
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese.M&A activity in the single-family homebuilder space is having a record year in terms of...
Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty ImagesDiamond Sports reached a deal with Amazon's Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform.As part of the deal, Diamond's networks will be made available as an add-on...
Disney (DIS) earnings Q4 2024
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter...
Beverly Hills surgeon sues Medtronic for patent infringement
Michael Siluk | Education Images | Universal Images Group | Getty ImagesDr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the...
Planet Fitness loses 11th hour bid to acquire bankrupt Blink
In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Justin Sullivan | Getty ImagesPlanet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by...
What targets Rivian needs to hit to receive $5.8 billion from VW
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersDETROIT — Volkswagen Group increased its planned investment for a joint venture with electric...
Banks report ten-fold surge in digital scams, BioCatch says
Leylaynr | E+ | Getty ImagesU.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch.The sharp rise in reported scams...
Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
John Malone, Liberty MediaScott Eells | Bloomberg | Getty ImagesLiberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at...
FAA bans U.S.-Haiti flights for 30 days
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days...
Amgen stock falls on weight loss drug’s bone density loss data
Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide.One analyst said the additional data suggests a new potential safety risk tied to the drug. But...
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.Courtesy: Business WireVolkswagen Group has increased its planned investment in an announced joint...
Strong revenue growth, first Neutron deal
A view of Rocket Lab's HASTE suborbital launch vehicle.Rocket LabRocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.The space infrastructure company reported...
Boeing factory production will take weeks to ramp up after strike
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021.Jason Redmond | ReutersBoeing's more than 32,000 machinists who were on strike are required to...
Family offices increasingly investing in private company deals
Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone. Gilaxia | E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the...
Netflix ad-supported tier has 70 million monthly users
People wait in a line to enter "The Lab," a "Stranger Things" Netflix series experience in Madrid on June 2, 2022.Beata Zawrzel/ | Nurphoto | Getty ImagesNetflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was...
GM’s newest EV is a ‘baby Escalade’ SUV
2026 Cadillac Vistiq EVGMDETROIT — General Motors' newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a "baby Escalade."The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand's portfolio when...
Mattel pulls ‘Wicked’ dolls after printing adult website on packaging
Still from the film "Wicked"Source: Universal StudiosThousands of Mattel's "Wicked"-branded fashion dolls are flying off shelves, but not because of consumer demand.The toy company has been forced to pull its line of character dolls after a package misprint. Instead...
GM’s Wall Street vindication is here as it outperforms peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson's building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout...
‘Wicked’ marketing takes over retail ahead of theatrical debut
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."Universal"Barbie" painted the town pink in 2023, and now "Wicked" is upping the ante by adding a splash of green.Universal's theatrical retelling of the famed Broadway musical is...
MLB, Braves object to Diamond Sports reorganization plan
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country's...
Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies Managing Partner and Principle owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium on Sunday, June 9, 2024 in London, England. Daniel Shirey | Major...
