Business
Alaska Airlines to acquire Hawaiian Airlines in $1.9 billion deal
Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years.Alaska would pay $18 a share for Hawaiian and would take on $900 million of...
What strong Black Friday retail sales mean for holiday spending
Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan. Emily Elconin | Getty ImagesRetailers are cheering after shoppers spent big on gifts and decor in the days after they gobbled up turkey and stuffing.But the strong showing does not...
Pfizer weight loss pill joins list of obesity drug flops
Sopa Images | Lightrocket | Getty ImagesPfizer's twice-daily version of its experimental weight loss pill has now joined a long list of other scrapped drugs that aimed to treat obesity but came with unintended consequences. The drugmaker on Friday said it will stop...
Southwest, pilots union near a preliminary labor deal
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023.Nicolas Economou | Nurphoto | Getty ImagesSouthwest Airlines and its pilots union are closing in on a new contract that would raise pay...
Amazon buys SpaceX rocket launches for Kuiper satellite internet project
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California.SpaceXAmazon bought three rocket launches from SpaceX for its Project Kuiper internet satellites, the tech giant announced on Friday.The move is a surprise...
Apple, Paramount streaming bundle report boosts media stocks
Jakub Porzycki | Nurphoto | Getty ImagesMedia stocks jumped on Friday following a Wall Street Journal report that Apple and Paramount Global are in early-stage talks to offer a bundle of the two company's streaming platforms. The companies have talked about bundling...
Panera Bread IPO filing
A Panera Bread mango yuzu citrus charged lemonade is displayed at a Panera Bread restaurant in Novato, California, on Nov. 1, 2023.Justin Sullivan | Getty ImagesPanera Bread has confidentially filed to go public again, the Financial Times reported.The restaurant...
Pfizer to discontinue twice-daily version of weight loss pill
CFOTO | Future Publishing | Getty ImagesPfizer on Friday said it would stop developing the twice-daily version of its experimental weight loss pill after obese patients taking the drug lost weight but had trouble tolerating the drug in a mid-stage clinical study. The...
Inside Tennessee’s most expensive home, near Nashville
This story is part of CNBC's new quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees.Twin Rivers Farm could break records as Tennessee's...
Sound of Freedom producer Angel Studios releases The Shift
Neal McDonough stars as a mysterious man known as "the benefactor" in Angel Studio's "The Shift."Angel Studios"Sound of Freedom" broke the Hollywood mold this summer. Now, the studio behind the surprising smash is looking to follow-up that success with a science...
Retailers, Covid-era nostalgia revive the vinyl records industry
A stack of freshly pressed gold vinyl records at United Record Pressing.CNBCThis story is part of CNBC's new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted...
Novo Nordisk sues pharmacies over impure Wegovy, Ozempic dupes
A 0.25 mg injection pen of Novo Nordisk's weight loss drug Wegovy is shown in this photo in Oslo, Norway, on Aug. 31, 2023.Victoria Klesty | ReutersNovo Nordisk on Thursday said it sued two compounding pharmacies in Florida for allegedly selling impure and...
Ulta Beauty (ULTA) Q3 2023 earnings
Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they're willing to spend on fragrances, skin care and more even when the budget is tight.The specialty beauty retailer raised...
Mars accused of using child labor in cocoa supply chain
Detail of a recently opened cocoa pod in Asikasu on December 19, 2020. The beans will be leave to ferment for 5 days before put them under the sun to dry them. (Photo by CRISTINA ALDEHUELA / AFP) (Photo by CRISTINA ALDEHUELA/AFP via Getty Images)Cristina Aldehuela |...
More than 500 companies had perfect scores on top LGBTQ+ index
Attendees hold large Pride flag at the 2023 LA Pride Parade on June 11, 2023 in Hollywood, California. (Photo by Rodin Eckenroth/Getty Images)Rodin Eckenroth | Getty ImagesIn a year stained by boycotts, protests and heightened consumer choice, hundreds of companies...
Billionaires to transfer $5 trillion to their children
In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report.It marked the first time in the nine-year history of the report that newly minted billionaires...
Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021.Dado Ruvic | ReutersBiotech stocks rose Thursday as AbbVie announced plans to buy cancer drug developer ImmunoGen for $10.1 billion. Shares of ImmunoGen jumped more than...
Disney CEO Bob Iger says movies have been too focused on messaging
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesDisney Chief Executive Officer Bob Iger said Wednesday he...
Nashville real estate boom sends prices up, builders scrambling
Detached houses on a large housing development on the western side of Nashville, Tennessee.Georgeclerk | Istock | Getty ImagesNashville natives say they barely recognize the city's skyline anymore, and they probably won't anytime soon, as cranes still litter the...
Nelson Peltz seeks seats on Disney board
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesActivist investor Nelson Peltz...
Covid vaccine rates are falling in U.S.
A sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023.Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Only 15.7% of U.S. adults had...
Pending home sales drop to record low
A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington.Jim Bourg | ReutersPending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest...
Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion
NEW YORK – Ford Motor on Thursday reinstated 2023 guidance after pulling its forecast last month due to the impacts of labor strikes and negotiations with the United Auto Workers union.The guidance calls for $10 billion to $10.5 billion in adjusted earnings before...
Grand Theft Auto is coming to Netflix Games
Grand Theft Auto V packaging and the Netflix logo are displayed on a phone screen in this photo taken in Krakow, Poland, on Oct. 18, 2023.Nurphoto | Getty ImagesNetflix announced Wednesday that it will make three "Grand Theft Auto" titles available to play for...
Miriam Adelson makes play for Texas with Mavericks deal
Dr. Miriam Adelson speaks onstage during the 24th annual Keep Memory Alive 'Power of Love Gala' benefit for the Cleveland Clinic Lou Ruvo Center for Brain Health at MGM Grand Garden Arena on March 07, 2020 in Las Vegas, Nevada. (Photo by Denise Truscello/Getty Images...
Iger explains Marvels flop, too many Disney sequels
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesOne year after returning to the helm of Disney, Bob Iger...
Spirit Airlines offers buyouts to salaried employees
A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier's latest cost-cutting measure as it expects...
PGA Tour commissioner talking to several possible investors
PGA Tour Commissioner Jay Monahan speaks during a press conference prior to the TOUR Championship at East Lake Golf Club on August 24, 2022 in Atlanta, Georgia.Cliff Hawkins | Getty ImagesPGA Tour Commissioner Jay Monahan said Wednesday that the organization is...
UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesThe United Auto Workers union is...
How Nashville hot chicken became so big
Prince's Hot ChickenCourtesy: Prince's Hot ChickenNashville hot chicken had its humble beginnings nearly a century ago. Now, the specialty chicken style is a national phenomenon.The Tennessee city has numerous hot chicken restaurants competing for the top spot, as...
Major League Pickleball asks players to take 40% pay cut
Thomas Wilson of the LA Mad Drops hits a volley shot during the MLP Mesa Premier League Championships at Legacy Sports USA on January 29, 2023 in Mesa, Arizona.Bruce Yeung | Getty ImagesPickleball's rapid growth may be coming back down to reality.Major League...
Luxury hotels move into Nashville as demand for rooms surges
Nashville is seeing an unprecedented surge in luxury hotels, with renowned brands such as the Four Seasons Hotel, the W Hotel and the Grand Hyatt opening their doors in Music City.More than 90 new hotels have been constructed in Nashville since 2013, contributing more...
Cigna shares slide after report it could merge with Humana
The Cigna Group headquarters in Bloomfield, Connecticut, US, on Friday, Oct. 27, 2023. BlooJoe Buglewicz | Bloomberg | Getty ImagesShares of Cigna slid on Wednesday after a report that the company is in talks with Humana about a merger between the two health care...
Jamie Dimon says JPMorgan Chase would exit China if ordered to
Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if...
GM labor deals with UAW, Unifor to increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesGeneral Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its...
Mark Cuban selling Dallas Mavericks majority stake to Adelson
Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family, a source familiar with the deal told CNBC.Cuban still owns a stake in the team and will run basketball operations.Adelson is selling $2 billion worth...
Foot Locker (FL) earnings Q3 2023
A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023. Bing Guan | Bloomberg | Getty ImagesShares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over...
GM initiates buyback, increases dividend and reinstates 2023 guidance
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesGeneral Motors is seeking to regain Wall Street's confidence leading...
Family offices move money out of stocks and into private markets
Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey.A survey of North American family offices conducted by Campden Wealth and RBC found that family offices had...
Disney CEO Bob Iger says he wants to build again during town hall
Bob Iger, Disney, at Apple programSource: AppleDisney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he is looking forward to "building again" after spending 2023 mending parts of the business that "needed attention.""I feel...
Thanksgiving broadcasts post record ratings
Macy's Thanksgiving Day Parade, 2023: Birds Of A Feather Stream Together - Peacock FloatNBC | NBCUniversal | Getty ImagesThanksgiving TV viewership gave media companies a lot to be grateful for this year.A range of events over the holiday broke ratings records.NBC...
Black Friday weekend shopping turnout soars to a record
Shoppers browse for dresses during the Black Friday sale at the Vivo Activewear women's clothing store in downtown Nairobi, Kenya November 24, 2023. Thomas Mukoya | ReutersShoppers kicked off the holiday season with a bang, as a record 200.4 million people hit stores...
Fox News founder Rupert Murdoch deposed in Smartmatic election lawsuit
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.Drew Angerer | Getty ImagesRupert Murdoch is being deposed Tuesday...
Home prices rose in September even as mortgage rates surged
A townhouse for sale in the Upper East Side neighborhood of NYC.Adam Jeffery | CNBCHigher mortgage rates appear to be doing very little to cool home prices.Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5%...
Rivian R1T EV leasing launches in select markets
A Rivian electric pickup truck sits in a parking lot at a Rivian service center in South San Francisco, California, on May 9, 2022.Justin Sullivan | Getty ImagesRivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales...
Disney ‘Wish’ disappoints at the Thanksgiving box office
Ariana DeBose stars as Asha in Disney's new animated film "Wish."DisneyDisney needs to do more than wish on some stars to get out of its animation rut.Its latest animated feature "Wish," billed as a celebration of 100 years of storytelling, fumbled at the box office...
Shein files for U.S. IPO, looks to expand global reach
A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura | Bloomberg | Getty ImagesShein has confidentially filed to go public in the U.S. as the Chinese-founded fast-fashion juggernaut looks to expand its global reach...
Zions, Comerica, First Horizon: Regional bank takeover risk
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas.Cooper Neill | Bloomberg | Getty ImagesA trio of regional banks face increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to...
Mounjaro superior to Ozempic for weight loss, study says
A pharmacist displays a box of Mounjaro, a tirzepatide injection drug used for treating type 2 diabetes and made by Lilly at Rock Canyon Pharmacy in Provo, Utah, May 29, 2023.George Frey | ReutersThe blockbuster diabetes drug Mounjaro is more effective for weight loss...
Thanksgiving Day online sales, discounts jump
Anastasiia Krivenok | Moment | Getty ImagesOnline spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to Adobe Analytics, a reflection of holiday shoppers who are buying more of their gifts online and responding to discounts.E-commerce sales...
Small music venues fight to keep prices affordable amid inflation
Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket prices affordable for audiences and take chances on lesser-known artists.The...
American Dream mall evacuated on Black Friday over bomb threat
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic.Timothy A. Clary | AFP | Getty ImagesNew Jersey's American Dream Mall – the...
NFL Black Friday game Jets vs Dolphins on Amazon Prime, not on TV
Jacob Kupferman | Getty ImagesThe Miami Dolphins and the New York Jets face off in the National Football League's first ever Black Friday game this week — but it's not going to be the usual broadcast or cable offering. The game will stream exclusively on Amazon's...
Spending and ethics in focus
TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty ImagesConsumers are increasingly turning to social media for their shopping this holiday season, and TikTok's latest venture into e-commerce has emerged at the...
Retailers use deals and events to drive sales
Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effort that retailers are putting in to motivate shoppers.Melissa Repko | CNBCNEW YORK CITY — On a recent weekend in downtown...
Airlines shave minutes off flight times with faster boarding, new tech
Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, on Nov. 22, 2023.Kevin Lamarque | ReutersIn air travel, minutes matter.A few moments could be the difference...
Napoleon is latest Apple bid for Oscars
Vanessa Kirby and Joaquin Phoenix star in AppleTV+'s "Napoleon," directed by Ridley Scott.Apple Original FilmsLOS ANGELES – Apple Original Films is a new player on the Academy Award scene, but it's already left an indelible — and historic — mark.The studio, which has...
Goldman Sachs paid Patrick Cantlay more than $1 million a year
Patrick Cantlay of the United States plays his shot from the 18th tee during the final round of the Workday Charity Open on July 12, 2020 at Muirfield Village Golf Club in Dublin, Ohio.Sam Greenwood | Getty ImagesGoldman Sachs paid professional golfer Patrick Cantlay...
Retailers cast doubt on Black Friday, holiday 2023 spending
A person walks past a sales advertisement at Saks Off 5th Department Store ahead of the Thanksgiving holiday sales in Washington, DC, November 21, 2023.Saul Loeb | AFP | Getty ImagesThere's a dark cloud hanging over Black Friday.A slew of retailers have issued tepid,...
Popeyes chicken wings available nationwide
Popeyes WingsCourtesy: PopeyesPopeyes is expanding its menu beyond chicken sandwiches – and it's a permanent change this time.The fast food chain announced Wednesday it's adding five chicken wing flavors to its menu nationwide, with three debuting at Popeyes for the...
Urban Outfitters’ clothing rental service Nuuly reaches profitability
Nuuly warehouseNatalie RiceUrban Outfitters' clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn a...
Nordstrom (JWN) earnings Q3 2023
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesNordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers' comments about weaker demand and...
Disney needs an animation hit: Is it Wish?
Ariana DeBose stars as Asha in Disney's new animated film "Wish."DisneyDisney is wishing on a shooting star this week, hoping that its celebratory 100th anniversary film "Wish" will mark a turning point for its beleaguered animation division and jumpstart the...
NFL committed to X as Elon Musk gets heat over hate speech
The National Football League is sticking with X, formerly known as Twitter, as Elon Musk's site faces an advertiser revolt over hate speech and antisemitism on the platform."I think X is in a very difficult business because of the content moderation that they have to...
Tiger Woods TGL golf league delayed until 2025 after dome collapse
Tiger Woods of the United States and Rory McIlroy of Northern Ireland walk to the 11th fairway during a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club on April 03, 2023 in Augusta, Georgia. Christian Petersen | Getty Images Sport |...
Ford scales back EV battery plant in Michigan
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on...
Home sales fell to a 13-year low in October as prices rose
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized...
American Eagle (AEO) earnings Q3 2023
American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Budrul Chukrut | Lightrocket | Getty ImagesShares of American Eagle plummeted 15% in premarket trading Tuesday after...
Abercrombie & Fitch (ANF) earnings Q3 2023
Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall...
Dick’s Sporting Goods (DKS) earnings Q3 2023
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.Spencer Platt | Getty ImagesShrink who? Sales and profit at Dick's Sporting Goods bounced back in the fiscal third quarter, leading the retailer to raise its full-year guidance...
Best Buy (BBY) earnings Q3 2024
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers.The consumer...
Lowe’s (LOW) earnings Q3 2023
An exterior view of a Lowe's home improvement store. Lowe's Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty ImagesLowe's on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself...
SpaceX Starship rocket goes for second launch attempt
SpaceX launched its second Starship rocket flight on Saturday, with Elon Musk's company pushing development of the mammoth vehicle past new milestones.Lifting off around 8 a.m. ET from the company's facility in Texas, Starship flew for more than seven minutes,...
McDonald’s increases minority stake in China business
Customers wait for their takeout food outside a McDonald's restaurant during the May Day holiday on May 1, 2022 in Beijing, China.VCG | Getty ImagesMcDonald's is buying Carlyle's stake in its China business, increasing its minority share from 20% to 48% ownership.The...
Free at home Covid tests available starting Monday
COVID-19 home test kits are pictured in a store window during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 19, 2022.Carlo Allegri | ReutersThe Biden administration on Monday said it is offering another...
CEOs have a new favorite word: ‘Choiceful’
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the"Future of Work in an Era of Automation and Artificial Intelligence", during a CEO Innovation Summit, on December 6, 2018 in Washington, DC.Mark Wilson...
Thanksgiving air travel set for records in test for airlines
Travelers wait in line to check in for their flights at a Delta Airlines ticket counter at Orlando International Airport during the busy Christmas holiday season on December 28, 2022 in Orlando, Florida.Paul Hennessy | Anadolu Agency | Getty ImagesAirlines expect...
Disney box office flops put pressure on Iger, Bergman
Bob Iger, Disney, at Apple programSource: AppleIt's rare for Disney Chief Executive Bob Iger to acknowledge his company has had creative missteps. So when he does, it's probably wise to pay attention."As I've looked at our overall output, meaning the studio, it's...
T-Mobile sued after employee stole nude images from phone
T-Mobile is once again being accused of failing to protect sensitive consumer data after an employee at one of its retail stores stole nude images from a customer's phone when she came to trade in an old device, according to a lawsuit filed Friday. The incident is...
JAT Capital sends scathing letter to new Bed Bath & Beyond board
Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions from shareholders and is engaging in what the investment firm called unprecedented "poor behavior." The firm, which has...
UAW-Ford workers ratify new contract
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT — Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract...
Early Black Friday discounts higher than prior years
Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesEarly Black Friday discounts were far higher this October compared to prior years,...
Tiger Woods new golf league faces dome collapse
Tiger Woods of the United States catches a ball on the practice area during the third round of the 2023 Masters Tournament at Augusta National Golf Club on April 08, 2023 in Augusta, Georgia. Andrew Redington | Getty ImagesExtensive damage at a Florida dome venue is...
Cadillac Optiq: New entry-level EV crossover
2025 Cadillac OptiqCadillacDETROIT – Cadillac's new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday.The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level...
UAW-Stellantis workers ratify new contract
United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT – United Auto Workers members at Chrysler owner Stellantis have ratified a...
CDC expedites release of Sanofi, AstraZeneca drug amid shortage
A RSV-infected child receives treatment, as RS-Virus infections spread among children at Missio children's clinic Moenchberg, in Wuerzburg, Germany, December 2, 2022. Heiko Becker | ReutersThe Centers for Disease Control and Prevention expedited the release of more...
YouTube debuts AI tool Dream Track that mimics vocals of artists
People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany.Sean Gallup | Getty ImagesYouTube is launching a new tool powered by artificial intelligence that will allow users to record audio using the voices of some of today's most...
Gap (GPS) earnings Q3 2023
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty ImagesGap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse...
Cassie sues Sean Combs for alleged rape, sex trafficking
Cassie Ventura and Sean 'Diddy' Combs attend the Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala at The Metropolitan Museum of Art on May 7, 2018 in New York City.John Shearer | Getty Images | The Hollywood Reporter | Getty ImagesHip-hop...
Sierra Space lays off hundreds in push toward Dream Chaser launch
A rendering on a Dream Chaser spaceplane in orbit.Sierra SpaceSierra Space, one of the sector's most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned.A Sierra Space spokesperson confirmed the company let go of...
Deflation could be coming this holiday, Walmart CEO says
Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesShoppers may get an early present this holiday season: Falling prices in many gift-giving...
Ballad of Songbirds and Snakes’ opening weekend box office
Tom Blyth and Rachel Zegler star as Coriolanus Snow and Lucy Gray Baird in Lionsgate's "Hunger Games: The Ballad of Songbirds and Snakes."Lionsgate"Snow lands on top."It's the mantra of the main character Coriolanus Snow in the upcoming "Hunger Games: The Ballad of...
Mattel hires ex-Fox, Sony exec to run TV studio
Mattel headquarters in El Segundo, California, US, on Friday, April 28, 2023.Bloomberg | Getty ImagesMattel hopes a new hire will help it expand its content slate, following the blowout box office success of "Barbie."The toy maker, home to Hot Wheels and American...
F1 spending cap made racing teams more investable
Singapore's F1 Grand Prix in 2022. 2022.Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesTake an elite field of world-class racing experts. Ask them to spend fewer dollars toward beating their bitter rivals. The result, it turns out, is a slate of newly investable...
Homebuilder sentiment drops to lowest point in a year
High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon.Homebuilder sentiment fell six points to 34 in...
GM union workers ratify UAW deal following contentious vote
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors union workers ratified a record deal with the United Auto Workers after a contentious...
Amazon Kuiper internet satellites fully successful in testing
A Project Kuiper engineer conducts network testing as prototype satellites pass over McAllen, Texas.AmazonA little over a month after launch, Amazon on Thursday announced its pair of prototype internet satellites were fully successfully in operations and testing."We...
Macy’s (M) earnings Q3 2023
Macy's Herald Square store in New York is shown on Aug. 21, 2023.View Press | Corbis News | Getty ImagesMacy's on Thursday topped Wall Street's quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales.The...
Starbucks workers file labor complaints as union goes on strike
Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City.Andrew Lichtenstein | Corbis News | Getty ImagesStarbucks workers in New York City have filed 14 more...
Judge sides with Paramount on claims in South Park lawsuit
Stan And Kyle From The Episode "Clubhouses."Getty Images | Hulton Archive | Getty ImagesA judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series "South...
FAA clears SpaceX to launch second Starship flight
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty ImagesThe Federal Aviation Administration has cleared Elon Musk's SpaceX to launch the second spaceflight...
Walmart (WMT) earnings Q3 2024
Walmart store with gardening products for sale in Atchison, Kansas.Ucg | Universal Images Group | Getty ImagesWalmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals.Here's what Wall Street expects from the retailer,...
Red Bull F1 dominance boosts energy drink sales
Red Bull's Max Verstappen celebrates after winning the Brazilian Grand Prix on Nov. 5, 2023.Amanda Perobelli | ReutersRed Bull Racing's dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team's principal and CEO,...
Target’s new favorite buzzword is ‘value’
A customer shops the holiday section at a Target store in Clifton, N.J.Adam Jeffery | CNBCTarget's goal this holiday season: Be more like Walmart.The retailer's leaders said customers will see thousands of gift ideas under $25, store displays that highlight...
CEO says customers thankful for locked items
As Target tries to fight theft at its stores, it has left customers frustrated to find many everyday items locked up. Still, the retailer's CEO Brian Cornell claimed many shoppers are actually grateful to see their body wash, toothpaste and deodorant behind a glass...
GM-UAW deal in jeopardy as voting goes down to the wire
DETROIT – Voting by United Auto Workers members is going down to the wire on a tentative deal with General Motors that ended roughly six weeks of labor strikes.A majority of UAW members at several major GM plants voted against the pact in recent days, but approval...
Thanksgiving dinner, turkey is cheaper this year
A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California.Mario Tama | Getty Images NewsFood inflation has been on a tear, with prices for food at home up 2.1% year-over-year in...
TJX Companies (TJX) earnings Q3 2024
A Marshalls store in New YorkScott Mlyn | CNBCTJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. The off-price giant, which runs T.J. Maxx,...
Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, D.C., March 22, 2023.Valerie Plesch | Bloomberg | Getty ImagesCitigroup will soon begin...
Mortgage demand at highest level in 5 weeks after interest rates fall
Potential homebuyers attend an open house in Seattle.Mike Kane | Bloomberg | Getty ImagesCurrent homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly.Mortgage demand rose 2.8% last week, compared with the previous week, according...
How Disney can save the Marvel Cinematic Universe
ANAHEIM, CALIFORNIA - AUGUST 24: President of Marvel Studios Kevin Feige took part today in the Walt Disney Studios presentation at Disney’s D23 EXPO 2019 in Anaheim, Calif. (Photo by Jesse Grant/Getty Images for Disney)Jesse Grant | Getty Images Entertainment | Getty...
PGA Tour to offer players equity ownership
Tiger Woods of the United States and Rory McIlroy of Northern Ireland walk to the 11th fairway during a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club on April 03, 2023 in Augusta, Georgia. Ross Kinnaird | Getty Images Sport | Getty...
Target (TGT) earnings Q3 2023
A Target department store in North Miami Beach, Florida, on May 17, 2023.Joe Raedle | Getty ImagesTarget will report fiscal third-quarter earnings on Wednesday, as the company tries to claw its way back from a string of disappointing results and high-profile...
Cooler monthly inflation report pushes mortgage rates even lower
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesThe average rate on the 30-year mortgage fell 18 basis points to 7.40% on Tuesday,...
Home Depot says inflation has cooled during earnings report
Vehicles fill the parking lot of a Home Depot store in Bloomsburg. Paul Weaver | Lightrocket | Getty ImagesEven as Home Depot forecast sales declines, the retailer had good news for investors and consumers on Tuesday."I think the most important observation we've made...
Why many UAW members oppose GM, Ford, Stellantis deals
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – The United Auto Workers achieved record contracts with the Detroit automakers...
Edith Piaf biopic will be made with AI
Singer Edith PiafKeystone-france | Gamma-keystone | Getty ImagesWarner Music plans to use artificial intelligence to recreate the voice and image of French artist and singer Edith Piaf, nearly 60 years after her death, the company said Tuesday.The efforts are part of...
SpaceX Starship second launch possible this week, CEO Elon Musk says
Starship launches for the first time on its Super Heavy booster from Texas on April 20, 2023.SpaceXSpaceX is pushing hard to launch the second spaceflight of its Starship rocket this week. CEO Elon Musk claimed the company will receive its federal launch license in...
Fisker shares down Q3 earnings material weakness
Fisker Inc. officially revealed the Fisker Ocean all-electric luxury crossover at CES 2020 in Las Vegas.Shares of electric-vehicle startup Fisker are sinking in premarket trading Tuesday following a disappointing earnings report and a regulatory filing that raised...
Home Depot (HD) Q3 2023
Home Depot's quarterly sales declined 3% from the year-ago period, but topped Wall Street's expectations as customers chipped away at more modest projects and home repairs.The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It...
Fisker (FSR) earnings report Q3 2023
Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023.Courtesy: FiskerElectric vehicle startup Fisker on Monday reported a third-quarter loss that was wider than Wall Street expected, and said it delivered only about 1,100 Ocean...
Stellantis offers buyouts to roughly half of U.S. salaried workers
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersDETROIT — Chrysler parent Stellantis is offering buyouts to roughly half of its U.S. white-collar...
Target closes stores ahead of third quarter earnings report
Target's store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks.Melissa Repko | CNBCIn the Harlem neighborhood of New York City, Target's first store to open in Manhattan has...
Pfizer enters weight loss drug market with Novo Nordisk, Eli Lilly
CFOTO | Future Publishing | Getty ImagesAs its Covid gains evaporate, Pfizer wants a chunk of the budding weight loss drug market. Analysts say upcoming data on Pfizer's experimental obesity pill, danuglipron, will be crucial in determining how competitive the company...
Darren Aronofsky Oscar track record
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk, attends a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesMaybe the hottest question in...
Taylor Swift’s postponed Argentina show prompts airline to waive flight-change fees
Allen J. Schaben | Los Angeles Times | Getty ImagesLike hurricanes, blizzards or wildfires, Taylor Swift is now prompting an airline to waive ticket-change fees.The popstar said she was postponing a show in Argentina's capital scheduled for Friday until Sunday because...
‘The Marvels’ worst opening weekend box office for MCU
Brie Larson stars at Carol Danvers aka Captain Marvel in Marvel Studios' "The Marvels."Disney"The Marvels" didn't go higher, further or faster during its opening weekend in theaters.The latest entrant in the Marvel Cinematic Universe hauled in an estimated $47 million...
Weight loss drug Wegovy slashes risk of serious heart complications
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty ImagesNovo Nordisk's Wegovy cut the risk of serious cardiovascular...
Flight discounts are back as airlines race to fill seats
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana.Luke Sharrett | Bloomberg | Getty ImagesFORT WORTH, Texas — Airlines have a record 260 million seats to fill this quarter, and to do it,...
Ron Baron expects SpaceX’s Starlink to go public around 2027
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so.""We think that by the time they go public with SpaceX, with Starlink ... in 2027 or so, four years, the company will be worth $250...
All autoworkers deserve deals like those the UAW won
U.S. President Joe Biden puts on a t-shirt of the UAW Local 1268 during a United Auto Workers (UAW) union members meeting, in Belvidere, Illinois, U.S., November 9, 2023. Leah Millis | ReutersDETROIT – President Joe Biden said Thursday that all autoworkers deserve...
FanDuel parent Flutter stock falls after disappointing earnings
FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot."We have a billion dollars more in revenue in the...
SiriusXM to launch new app and streaming plan to target younger customers
NEW YORK, NEW YORK - NOVEMBER 08: (L-R) Scott Greenstein, Kevin Hart, Ashley Flowers, and Kelly Clarkson speak onstage during the SiriusXM Next Generation: Industry & Press Preview at The Tisch Skylights at The Shed on November 08, 2023 in New York City.Bryan...
NWSL announces media partnerships with CBS, ESPN, Prime and Scripps
Carli Lloyd of NJ/NY Gotham FC battles for control against in the second half of the NWSL Match against Sydney Leroux of Orlando Pride at Red Bull Arena on August 29, 2021.Ira L. Black - Corbis | Getty Images Sport | Getty ImagesThe National Women's Soccer League...
Vince McMahon plans to sell shares in WWE parent TKO
World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada.Ethan Miller | Getty ImagesVince McMahon plans to sell a substantial chunk of his...
Iridium, Qualcomm end satellite-to-phone partnership
A Qualcomm sign is pictured at the Mobile World Congress in Shanghai.Aly Song | ReutersU.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.Iridium...
Zaslav, Malone lay groundwork for WBD’s next move
David Zaslav, CEO and president of Warner Bros. Discovery (L), and John Malone, chairman of Liberty Media, Liberty Global, and Qurate Retail Group.CNBC | ReutersWarner Bros. Discovery's next step to gain scale may be looking at distressed assets.Chief Executive David...
Future of streaming bundles, according to John Malone
In the early days of streaming, Netflix and Hulu promised an on-demand viewing experience with an ever-growing library of movies and TV shows, presenting an alternative to the traditional cable bundle.Today, consumers are cutting the cable cord, but also juggling...
McDonald’s and Krispy Kreme are in talks to expand partnership
Doughnuts are sold at a Krispy Kreme store on May 05, 2021 in Chicago, Illinois. The doughnut chain reported yesterday that it plans to take the company public again.Scott Olson | Getty ImagesKrispy Kreme said Thursday it's in talks to expand its partnership with...
Gen Alpha kids to fuel holiday skincare spending
Illustration by Elham AtaeiazarWhen Melissa Fuentes imagined the Christmas gifts she'd buy for her nine-year-old Tatiana, she figured she'd want Barbies, Bratz dolls or a scooter – the kinds of things she found under her tree growing up in the 90s. Instead, something...
SAG-AFTRA actors’ union reaches tentative labor agreement with Hollywood studios
SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, October 20, 2023.Mario Anzuoni | ReutersHollywood's actors and studios have a preliminary labor agreement."In a unanimous vote this...
SAG-AFTRA strike impact on Hollywood will linger
SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California. Mario Tama | Getty ImagesBefore the actors' union reached a labor deal with studios Wednesday...
United Airlines tweaks frequent flyer program to reward spending
United Airlines planes at Denver International Airport.Leslie Josephs/CNBCUnited Airlines plans to make it easier for customers to earn elite status through co-branded Chase credit cards, the latest airline to tweak its lucrative frequent flyer program to reward big...
Fanatics offers business immersion program for professional athletes
WNBA and MLB players take part in Fanatics' weeklong business immersion program.Source: FanaticsE-commerce platform Fanatics is helping professional athletes transition to life after the final buzzer — or pitch, or whistle.The company is expanding a pilot program to...
Astra founders offer to take company private
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California.AstraThe founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday.Chris...
‘The Marvels’ headed for bad box office open
Brie Larson stars as Carol Danvers aka Captain Marvel in Disney and Marvel's "The Marvels."DisneyIt was always going to be tough to top "Avengers: Endgame," but what has spilled out from Disney and Marvel Studios in the wake of that epic has left fans discouraged...
Rocket Lab (RKLB) Q3 earnings report
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022.Valerie Plesch | Bloomberg | Getty ImagesRocket Lab is pushing to get its launch business back on track by the end...
Virgin Galactic (SPCE) Q3 earnings report
Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.Virgin GalacticVirgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation...
Polestar PSNY Q3 2023 earnings
A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesSwedish electric...
ESPN shows strength in Disney earnings
The worldwide leader in sports still has some juice.ESPN operating income surged 16% from a year ago to $987 million in Disney's fiscal fourth quarter — the first time Disney has ever broken out the sports division's finances. Revenue in the segment grew 1%...
Caesars reaches deal with Las Vegas union to avoid strike
The exterior of Caesars Palace Hotel and Casino is viewed in Las Vegas on Dec. 4, 2015.George Rose | Getty ImagesA strike is off the table for nearly 10,000 Caesars Entertainment union workers on the Las Vegas strip.The Culinary Union said it took 20 straight hours of...
FDA approves Eli Lilly drug tirzepatide for weight loss
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, on March 29, 2023.George Frey | ReutersThe Food and Drug Administration on Wednesday approved Eli...
Disney (DIS) earnings report Q4 2023
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesLOS ANGELES – Disney shareholders...
Pharmacy walkout organizers launch national push to unionize staff
A small number of employees and supporters picket outside the headquarters of drugstore chain Walgreens during a three-day walkout by pharmacists in Deerfield, Illinois, November 1, 2023.Vincent Alban | ReutersThe organizers of a recent retail pharmacy staff walkout...
Satellite imagery company BlackSky ekes out first quarterly profit
The company's banner on the front of the New York Stock Exchange.BlackSkySatellite imagery venture BlackSky delivered its first quarterly profit on Wednesday, as the company works to keep up momentum into the end of the year.BlackSky reported net income of $675,000...
Warner Bros. Discovery WBD Q3 earnings
David Zaslav, President & CEO of Discovery Inc.Anjali Sundaram | CNBCWarner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers.Here's what the...
Disney DIS board in focus ahead of Q4 earnings
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesCompany boards tend to want to stay...
Mortgage rates plunge and demand finally inches back
House for sale in Millbrae, California.Xinhua News Agency | Xinhua News Agency | Getty ImagesMortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.Total mortgage application volume rose 2.5%...
Wonder Group food delivery startup gets $100 million Nestle investment
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It's also developed high-tech kitchen equipment to speed up and simplify cooking.Wonder GroupFood-delivery company Wonder Group has gotten a...
Planet Fitness shares surge as company raises revenue outlook
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston's Dorchester on Feb. 1, 2021.Jessica Rinaldi | Boston Globe | Getty ImagesPlanet Fitness shares surged double-digits after beating expectations on both lines for the third quarter...
Weight loss drug frenzy hits consumer giants in earnings season
A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O'Hara/Bloomberg via Getty ImagesBloomberg |...
SAG-AFTRA rejects Hollywood studios’ ‘last, best and final’ offer
NEW YORK, NEW YORK - OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors' union and Hollywood studios and streamers...
New Ram pickup EV has gas-powered electric generator
2025 Ram 1500 Ramcharger TungstenRamDETROIT — Automaker Stellantis plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that's equipped with an electric generator and a gas engine.If that sounds like an oxymoron, here's how it works:...
Fenway chairman confirms PGA Tour talks
Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization's framework agreement with Saudi-backed LIV Golf faces new doubts."We confirm that we've had conversations," Werner told CNBC's...
LVMH buys eyewear brand Barton Perreira
Barton Perreira sunglasses are displayed during 'A Good Time At Goodman's' held at Goodman's Men's Store in New York City.Astrid Stawiarz | Getty ImagesLVMH is buying luxury eyewear brand Barton Perreira, famed for making James Bond's shades, as it taps into the...
Disney hires PepsiCo veteran Hugh Johnston as CFO
Hugh Johnston, PepsiCoDavid A. Grogan | CNBCDisney said Monday that Hugh Johnston, the longtime chief financial officer of PepsiCo, will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses.Johnston has...
Bed Bath & Beyond CEO quits amid Overstock transition
Overstock.com CEO Jonathan Johnson, June 29, 2023.Scott Mlyn | CNBCThe new Bed Bath & Beyond announced Monday its CEO Jonathan Johnson is immediately stepping down from his position in a sudden and surprising move. Johnson had been Overstock's chief executive...
Citigroup considers deep job cuts in Project Bora Bora
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC.Alex Wong | Getty ImagesWhen Citigroup CEO Jane Fraser announced in...
Tesla, Toyota in UAW’s sights for organizing after Big 3 wins
United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to...
Sports betting, online casino fuel revenue growth
DraftKings, a fantasy sports websiteGetty ImagesThe growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive.DraftKings,...
Astra defaults on debt agreement, may not be able to raise needed cash
The company's LV0010 rocket stands on the launchpad at Florida's Cape Canaveral ahead of the NASA TROPICS-1 mission.AstraStruggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to...
‘Sound of Freedom’ will stream on Amazon Prime Video
Jim Caviezel stars in Angel Studio's "Sound of Freedom."Angel StudiosAmazon Prime Video has secured the rights to one of the hottest box office releases of 2023 — Angel Studios' "Sound of Freedom."The Jim Caviezel-led thriller snared more than $180 million at the...
Taylor Swift Eras Tour movie takes final bow at box office
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift takes her final bow at the movie box office this weekend.After a whirlwind...
Walmart WMT stock hits all time high
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesShares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season...
Starz to lay off more than 10% of employees
Starz CEO Jeffrey HirschSource: StarzStarz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K.Starz Chief Executive Officer Jeffrey Hirsch...
Paramount Global PARA stock jumps for second straight day
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount stock jumped about 10% Friday morning, a day...
Fox touts sports programming performance even as costs rise
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Brian Rothmuller | Icon Sportswire | Getty ImagesFox Sports drove higher consumption overall for Fox Corporation...
Live Nation (LYV) earnings Q3 2023
(L) Taylor Swift performs onstage during her The Eras Tour at Paycor Stadium in Cincinnati, Ohio, on June 30, 2023. (R) Beyoncé performs onstage during her Renaissance World Tour at the Johan Cruyff Arena in Amsterdam, Netherlands, on June 17, 2023.Getty...
Restaurant Brands International (QSR) Q3 2023 earnings
Unlike McDonalds — which owns some 84% of its outlets in Russia — companies such as Burger King, Subway and Papa John's often operate via franchise agreements there. Burger King said it demanded the main operator of its franchises suspend restaurant operations in...
Starbucks unveils expansion plans, cost cutting
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3...
DraftKings (DKNG) earnings Q3 2023
New England Patriots cornerback Stephon Gilmore, #24, stretches during the New England Patriots practice session in Foxborough, Massachusetts, on Oct. 22, 2020.Barry Chin | Boston Globe | Getty ImagesSports betting company DraftKings on Thursday posted quarterly...
Paramount Global PARA earnings Q3 2023
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount Global's stock moved higher in extended trading Thursday after it reported strong revenue and subscription...
High school kids are vaping less
Elf Bar disposable flavored e-cigarette products are displayed in a convenience store in El Segundo, California, on June 23, 2022.Patrick T. Fallon | Afp | Getty ImagesE-cigarette usage among U.S. high school students has fallen as the government pursues aggressive...
UAW-Stellantis deal includes $18.9 billion in new investments
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis' Ram 1500 plant in Sterling Heights, Mich.Michael Wayland / CNBCDETROIT — The United Auto Workers union said...
Media stocks pop as Roku rally lifts the sector
A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021.Bloomberg |Getty ImagesMedia stocks popped on Thursday as Roku's 30% rally lifted the entire sector. Wall Street celebrated the streaming device company's third...
National Association of Realtors CEO quits after lawsuit loss
A sign 'FOR SALE' seen outside a house in Edmonton on October 22, 2023, in Edmonton, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesThe National Association of Realtors announced Thursday that CEO Bob Goldberg will...
Many insured U.S. patients pay less than $25 a month
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty ImagesNovo Nordisk on Thursday said 80% of U.S. patients with...
How the EV market has changed since Covid
Nissan Motor Co. CEO Makoto Uchida speaks next to the Nissan Hyper Force electric vehicle during the Japan Mobility Show at Tokyo Big Sight in Tokyo, Japan on October 25, 2023.Tomohiro Ohsumi | Getty ImagesNissan Motor's CEO says that when it comes to electric...
NRF 2023 holiday sales forecast
David Paul Morris | Bloomberg | Getty ImagesHoliday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation.The major...
SpaceX’s Starlink ‘achieved breakeven cash flow’
The upper stage of a Falcon 9 rocket deploys a stack of Starlink "V2 Mini" satellites in orbit on Feb. 27, 2028.SpaceXSpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow.""Excellent work by a...
Eli Lilly diabetes drug Mounjaro supply improves in U.S.
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023.George Frey | ReutersEli Lilly on Thursday said supply of its blockbuster diabetes drug...
Ferrari (RACE) Q3 2023 earnings
Ferrari Original Factory EntranceCourtesy: FerrariFerrari on Thursday said that its third-quarter profit jumped 46% from a year ago as its wealthy customers continued to choose expensive "personalization" options for their new cars.As it did last quarter, Ferrari...
Target CEO says shoppers are pulling back, even on groceries
Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets.In an interview with CNBC's Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of...
Nikola NKLA Q3 2023 earnings
Nikola TRE FCEV2Courtesy: NikolaElectric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it's facing what will be a costly recall of its earlier battery-electric trucks.Nikola recalled all of its...
Moderna (MRNA) Q3 earnings report 2023: Covid vaccine losses
Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot. Moderna's total revenue for the period...
Target CEO Brian Cornell defends pulling some LGBTQ merchandise
Target CEO Brian Cornell defended his decision to pull some of the retailer's Pride Collection merchandise off shelves earlier this year, saying backlash against the items led to the most serious safety threats that he can recall in his decade with the company.In an...
Peloton (PTON) earnings Q1 2024
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesShares of Peloton sank about 6% in premarket trading Thursday after...
Eli Lilly (LLY) Q3 earnings report 2023
Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.Cristina Arias | Cover | Getty ImagesEli Lilly on Thursday reported third-quarter revenue and adjusted earnings that topped estimates on strong demand for its diabetes drug...
Look inside Ivana Trump’s $22.5 million townhouse
The late Ivana Trump's townhouse in New York has sat on the market for one full year with no takers. In September, it took a $4 million cut from its original asking price, down to $22.5 million. The extravagant residence remains virtually untouched since her death in...
Delta lays off some corporate workers to cut costs
Delta Airlines planes sit at Terminal 4 at John F. Kennedy Airport in New York City.Eric Thayer | Getty Images News | Getty ImagesDelta Air Lines is cutting some corporate jobs in an effort to cut costs as the industry grapples with higher expenses such as for fuel...
Starbucks (SBUX) earnings Q4 2023
A Starbucks logo at a location in New York, Aug. 17, 2023.Gabby Jones | Bloomberg | Getty ImagesStarbucks is expected to report its fiscal fourth-quarter earnings before the bell Thursday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...
e.l.f. Beauty (ELF) earnings Q2 2024
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street's expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing,...
Roku Q3 2023 earnings: Stock soars
A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company's initial public offering at the Nasdaq Market in New York on Sept. 28, 2017.Brendan McDermid | ReutersShares of Roku soared in after-hours trading Wednesday after the...
Disney to buy remaining Hulu stake from Comcast
Rafael Henrique | SOPA Images | LightRocket | Getty ImagesDisney said Wednesday that it had agreed to buy Comcast's one-third stake in streaming service Hulu, a long-expected outcome.Disney said it expects to pay Comcast's NBCUniversal about $8.61 billion by Dec. 1,...
Space Force awards SpaceX, ULA with $2.5 billion for 21 launches
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, U.S., November 1, 2022.Steve Nesius | ReutersThe U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance,...
Southwest flight attendants would get 36% pay raises in new contract
Southwest Airlines Boeing 737-700 aircraft is seen landing at dusk time at Ronald Reagan Washington National Airport in Arlington, Virginia.Nicolas Economou | Nurphoto | Getty ImagesSouthwest Airlines flight attendants would get 36% cumulative pay increases in a new...
Bud Light tries comeback with sports, concerts
Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S.The brewing giant revealed part of its plan to revitalize the...
Spirit Halloween lives on when holiday ends
The facade of seasonal Halloween decor store Spirit Halloween at a shopping center in Dublin, California, on Aug. 23, 2018.Smith Collection | Archive Photos | Getty ImagesHalloween is over, and your local Spirit Halloween is about to become a ghost town.It's open...
Norwegian Cruise Line cancels Israel stops
The passenger cruise ship Norwegian Prima arrives at the French Mediterranean port of Marseille. (Photo by Gerard Bottino/SOPA Images/LightRocket via Getty Images)Gerard Bottino | Lightrocket | Getty ImagesNorwegian Cruise Line Holdings on Wednesday said it would...
Netflix ad-supported tier has 15 million subscribers
The Netflix logo is displayed at its corporate offices in Los Angeles on Sept. 25, 2023.Mario Tama | Getty ImagesNetflix said Wednesday its cheaper, ad-supported tier has amassed 15 million global monthly active users. That's triple the most recent figure, disclosed...
Toyota TM Q3 2023 earnings guidance
A 2022 Toyota Mirai hydrogen fuel cell vehicle, right, next to Toyota Prius hybrid vehicles during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021.Bing Guan | Bloomberg | Getty ImagesToyota Motor on...
Wayfair (W) earnings report Q3 2023
Wayfair IPO on the floor of the New York Stock Exchange.Lucas Jackson | ReutersWayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home market continues to be under pressure. Here's how the online...
RealPage, landlords sued for alleged illegal rent hikes in DC
In this photo illustration AvalonBay Communities, Inc. logo seen displayed on a smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesWashington, D.C., Attorney General...
CVS Health (CVS) earnings Q3 2023
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022.Brendan Smialowski | AFP | Getty ImagesCVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the...
Adjustable-rate mortgage demand jumps as buyers struggle
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesAs mortgage rates hover near the highest level in more than two decades, homebuyers are turning to riskier mortgage products to help them get into a home.Last week, the average...
Yum Brands (YUM) Q3 2023 earnings
Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesYum Brands on Wednesday reported quarterly revenue that fell short of analysts' expectations, hurt...
Hanesbrands receives broad interest for Champion sale
American sportswear fashion brand Champion store seen in Hong Kong.Chukrut Budrul | SOPA Images | Sipa via AP ImagesBrand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is...
NBA, NHL game broadcasts coming soon to immersive domes
Cosm's shared reality dome concept for viewing live sports broadcasts.Courtesy: Cosm VenuesWarner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans.Cosm plans to...
JetBlue forecasts ongoing losses, Spirit antitrust trial begins
The JetBlue drop-off area at New York's LaGuardia Airport on Oct. 31, 2023.Leslie Josephs/CNBCJetBlue Airways stock tumbled to a nearly 12-year low Tuesday as the company forecast a loss for the fourth quarter and heads to court to defend its acquisition of budget...
Stellantis union strikes cost $3.2 billion in revenue
United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT — Labor strikes by the United Auto Workers union cost Stellantis about $3.2...
Pfizer (PFE) Q3 earnings report 2023
CFOTO | Future Publishing | Getty ImagesPfizer on Tuesday reported a narrower than expected adjusted loss for the third quarter as the drugmaker recorded charges largely related to struggles for its Covid antiviral treatment Paxlovid and Covid vaccine.Pfizer said that...
Winners and losers of 2023 talks with GM, Ford, Stellantis
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM's Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023.Evelyn Hockstein | ReutersDETROIT — A...
McDonald’s, Chipotle to raise California menu prices as wages rise
Chipotle and McDonald's fast-food restaurants in Chinatown in Washington, D.C.Jeff Greenberg | Universal Images Group | Getty ImagesMcDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase...
Pentagon awards satellite contracts to Northrop Grumman, York
An artist illustration shows the functions of the Space Development Agency's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build...
‘Sesame Street’ will be revamped as Max streaming deal set to expire
Sesame Street characters Bert and Ernie during the presentation of the NDR and Deutsche Post commemorative stamp of 'Sesamstrasse' on March 2, 2020 in Hamburg, Germany.Tristar Media | Getty Images Entertainment | Getty Images"Sesame Street" will soon have a new format...
Shein acquires Missguided from Britain’s Frasers Group
Clothes displayed at the Shein headquarters in Singapore on June 19, 2023.Ore Huiying | Bloomberg | Getty ImagesShein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a...
GM, UAW reach tentative agreement to end labor strike
Members of the United Auto Workers, or UAW, Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on Sept. 26, 2023.Patrick T. Fallon | AFP | Getty ImagesDETROIT — The United Auto Workers and...
‘Five Nights at Freddy’s’ dominates Halloween box office
A scene from the film "Five Nights at Freddy's"Universal PicturesIf anything was going to topple Taylor Swift at the box office, it had to be a killer animatronic bear, right?"Five Nights at Freddy's," the new Universal-Blumhouse horror offering set in an abandoned...
Canadian auto union initiates national strike at Stellantis
Lana Payne celebrates on stage as Unifor, Canada's largest private-sector union, announce Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada, Aug. 10, 2022.Cole Burston | ReutersDETROIT — After reaching a tentative agreement...
Stellantis, union negotiators agree to terms of a deal
DETROIT —The United Auto Workers union and Stellantis have agreed to a tentative deal following roughly six weeks of targeted U.S. labor strikes, the union announced on Saturday.The agreement, which must still be approved by local union leaders and ratified by...
UAW-Ford deal includes $8.1B in investment, $5,000 ratification bonus
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that...
McDonald’s (MCD) Q3 2023 earnings
A McDonald's restaurant is seen in Belmont, California, on April 3, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell Monday.Here's what Wall Street analysts surveyed by LSEG, formerly known...
Pharmacy staff from Walgreens, chains like CVS to walk out again
A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023.Brian Snyder | ReutersSome pharmacy staff from Walgreens and other drugstore chains are planning to walk out next week in the latest pushback...
Coke and Pepsi earnings comparison as KO and PEP stocks fall
Coca-Cola Co. and Pepsi Co. soda machines stand in a shopping center parking lot in Jasper, Indiana.Luke Sharrett | Bloomberg | Getty ImagesCoca-Cola and PepsiCo's rivalry spans decades, but Coke usually comes out on top.This quarter was no different.The beverage...
Disney pulls Jonathan Majors movie amid assault case
Jonathan Majors, and his girlfriend, Meagan Good, flanked by his lawyer Priya Chaudhry (R), arrive to Manhattan Criminal court for his pre trial hearing on August 03, 2023 in New York City.Alexi Rosenfeld | Getty ImagesDisney on Friday said it was pulling troubled...
Abercrombie, ex-CEO sued over sex abuse, trafficking
Abercrombie and Fitch is in the midst of a major comeback, but the retailer is still being haunted by the alleged sins of former chief executive Mike Jeffries. The company was sued Friday for turning a blind eye to Jeffries' alleged misconduct, court records show....
Spirit suspends new pilot training after tough quarter, engine issue
A Spirit Airlines airplane taxis for takeoff at Denver International Airport in Denver on Feb. 7, 2022.Michael Ciaglo | Bloomberg | Getty ImagesSpirit Airlines will suspend training for new pilots next month "until further notice," according to a company memo, as it...
GM, UAW may be near labor deal after negotiating session
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday...
Ford F shares fall after Q3 earnings on EV costs, UAW
Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty ImagesShares of Ford Motor traded sharply lower Friday after the company reported...
Jamie Dimon to sell 1 million shares of JPMorgan
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC's Leslie Picker in Bozeman, MT on Aug. 2nd, 2023.CNBCJPMorgan Chase CEO Jamie Dimon will begin to sell 1 million shares of the bank he runs next year, the company said Friday in a filing.The plan sparked concern...
What their work days look like
Signs offering COVID-19 vaccinations are seen outside of a CVS pharmacy in Washington, DC.Mandel Ngan | AFP | Getty ImagesMany pharmacy employees at some of the largest U.S. drugstore chains say they're reaching a breaking point. On top of verifying, filling and...
Supermarket bank branches closing at higher rates
Customers at a Safeway store in San Francisco.Getty ImagesAmerican banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry's profit squeeze and customers' migration to digital...
How Innovation Refunds cashed in on the Employee Retention Credit
The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic.The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping...
Shein to sell co-branded Forever 21 clothes online
Shoppers walks past advertisements on the opening day of fast fashion e-commerce giant Shein, which is hosting a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario Thursday, Oct. 19, 2023. Allen J. Schaben | Los Angeles Times | Getty...
Marlboro maker Altria (MO) earnings Q3 2023
Packs of Marlboro cigarettes are displayed at a smoke shop on April 28, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesAltria Group, the parent company of Philip Morris USA and the nation's largest tobacco company, reported third-quarter results...
Ford will postpone about $12 billion in EV investment
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker's Ford Rouge Electric Vehicle Center (REVC).Michael Wayland | CNBCFord Motor said Thursday that many customers in North America are no longer willing to pay a premium for an...
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft.The National Retail Federation escalated its campaign to rally support for...
Chipotle Mexican Grill (CMG) Q3 2023 earnings
Food is served at a Chipotle restaurant on in Chicago, Illinois.Scott Olson | Getty ImagesChipotle Mexican Grill is expected to report its third-quarter earnings after the bell Thursday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...
UPS Q3 earnings: Revenue outlook cut
A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of the United Parcel Service slipped nearly 5% Thursday after the company reported a bigger-than-expected revenue...
Jonathan Majors’ assault case heads to trial
US actor Jonathan Majors leaves Manhattan Criminal Court on August 03, 2023.Fatih Aktas | Anadolu Agency | Getty ImagesMarvel Cinematic Universe actor Jonathan Majors will stand trial on assault charges next month after a New York judge Wednesday denied his motion to...
Ford Motor (F) earnings Q3 2023
2024 Ford F-150 RaptorFordDETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday.Here's what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv.Adjusted earnings per share: 45...
Hasbro and Mattel stocks drop on poor holiday sales guidance
Game maker HasbroJustin Sullivan | Getty ImagesShares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter.Hasbro's stock dropped more than 10% on Thursday, and Mattel slid more than 7%.The companies face challenges...
Life Time stock plummets as company spends more on premium fitness
A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021.Source: NYSELife Time Group shares plummeted 15% Wednesday after the company's third-quarter results revealed higher spending to boost the premium member experience.The cost of running its...
Rocket Lab to resume Electron launches after September failure
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday.The company is in the final stages of closing...
Comcast’s lack of broadband growth bothers investors
Comcast Xfinity cable television installation truck parked on a street in front of a suburban home, San Ramon, California, May 17, 2018. (Photo by Smith Collection/Gado/Getty Images)Smith Collection/Gado | Archive Photos | Getty ImagesComcast has tried to move...
Bristol Myers Squibb (BMY) Q3 earnings report 2023
Bristol Myers Squibb on Thursday reported quarterly adjusted earnings that topped expectations and posted revenue in line with estimates, even as sales of the company's popular blood cancer drug Revlimid plummeted due to generic competition. Bristol Myers, one of the...
Merck (MRK) Q3 earnings report 2023
Merck headquarters in Rahway, New Jersey, on Tuesday, April 18, 2023.Christopher Occhicone | Bloomberg | Getty ImagesMerck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations on strong sales of its blockbuster cancer drug...
High credit card interest rates carry risks
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in New York City, Dec. 20, 2022.Alexi Rosenfeld | Getty ImagesShoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping...
Pfizer combination Covid, flu vaccine shows positive trial data
CFOTO | Future Publishing | Getty ImagesPfizer on Thursday said its combination vaccine candidates targeting Covid and the flu will move to a final-stage trial in the coming months after showing positive initial results in an early to mid-stage study.That moves the...
Southwest Airlines (LUV) earnings Q3 2023
A Southwest Airlines passenger jet lands at Chicago Midway International Airport in Chicago, Illinois, on December 28, 2022.Kamil Krzaczynski | AFP | Getty ImagesSouthwest Airlines said Thursday it plans to slow its capacity growth next year, citing moderating travel...
Comcast CMSA Q3 earnings
A general view of the "SUPER NINTENDO WORLD" entrance at Universal Studios Hollywood on February 16, 2023 in Universal City, California.Rodin Eckenroth | Getty Images Entertainment | Getty ImagesComcast topped both revenue and profit estimates in the third quarter as...
Endeavor could go private as it explores strategic alternatives
Endeavor Group Holdings, the talent agency and sports company run by Ari Emanuel, said Wednesday it would explore strategic alternatives, which could mean a possible sale or potentially going private again after two and a half years on public markets.Indeed, soon...
Alzheimer’s drug Leqembi shows promise as injection
Eisai on Wednesday said an injectable version of the Alzheimer's drug Leqembi showed promising initial results in a clinical trial, potentially paving the way for a new and more convenient option for administering the antibody treatment. However, the injection did not...
Morgan Stanley says Ted Pick to succeed James Gorman as CEO
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank's Wall Street operations, will also join...
Mattel MAT Q3 earnings: Barbie sales surge
Guests shop during a visit to the Malibu Barbie Cafe pop-up in New York City on May 17, 2023.Brendan McDermid | ReutersCall it a Barbie boost.Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The "Barbie"...
Ford, UAW reach tentative deal to end labor strikes
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT...
How it’s expanding global reach
Nikola Jokic, #15 of the Denver Nuggets, shoots the ball against Bones Hyland, #5, and Norman Powell, #24, of the Los Angeles Clippers during the second half of a preseason game at Crypto.com Arena in Los Angeles on October 19, 2023.Kevork Djansezian | Getty ImagesAs...
IMAX earnings Q3 2023: Oppenheimer drives profit
Christopher Nolan's 'Oppenheimer' movie billboard is seen in Katowice, Poland on July 20, 2023.Beata Zawrzel | Nurphoto | Getty ImagesIMAX on Wednesday posted third quarter earnings showing its second highest-grossing quarter ever at the global box office, led by...
GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs
The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies.HondaDETROIT – General Motors and Honda Motor have canceled plans to jointly develop affordable electric vehicles as they face...
GSK RSV vaccine shows potential to protect adults 50 to 59
A vaccine from GlaxoSmithKline showed the potential to protect adults ages 50 to 59 from respiratory syncytial virus in a late-stage clinical trial, the company said Wednesday.The initial trial results suggest that GSK's shot, known as Arexvy, could help protect a...
JetBlue to offer Dublin, Edinburgh flights starting next year
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York.Fred Prouser | ReutersJetBlue Airways plans to begin flights to Dublin and Edinburgh from the U.S. as part of the carrier's trans-Atlantic expansion.Tickets...
Boeing (BA) earnings Q3 2023
Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017.Jason Redmond/ReutersBoeing said Wednesday it will deliver fewer 737 Max aircraft than it expected this year as it works through production...
Spotify (SPOT) earnings Q3 2023
Spotify shares closed 10% higher on Tuesday after the company reported a surprise profit for the third quarter — its first quarterly profit in a year and a half — as price increases and cost-cutting measures took hold.The company's stock has more than doubled so far...
Anheuser-Busch and UFC strike partnership amid Bud Light slump
Bud Light, made by Anheuser-Busch, sits on a store shelf in Miami on July 27, 2023.Joe Raedle | Getty ImagesAnheuser-Busch InBev's Bud Light will again become the official beer sponsor for the Ultimate Fighting Championship with a six-year marketing partnership, the...
Inaugural Vulcan rocket launch slated for Christmas Eve
United Launch Alliance plans to launch the inaugural flight of its Vulcan rocket on Christmas Eve, CEO Tory Bruno told CNBC's Morgan Brennan on Tuesday.Bruno, speaking at the CNBC Technology Executive Council Summit, said the target window for Vulcan's first launch...
Nikola NKLA Trevor Milton damages
Nikola's founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October of 2022.Massimo Pinca | ReutersShares of electric truck maker Nikola traded higher Tuesday afternoon after the company said in a regulatory filing that its disgraced...
Knicks sign jersey patch deal with owner James Dolan’s Sphere Entertainment
Sphere patch on a Knicks jersey.Source: MSG Sports | Sphere EntertainmentThe New York Knicks are keeping it in the family for their next jersey patch sponsor.Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official...
Why General Motors is reviving Chevrolet Bolt EV
General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. Production of the current Bolt is set to end in December, but GM has said a revamped version is on the way.Patrick T. Fallon | Bloomberg...
UAW expands strike to crucial GM SUV plant in Texas
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers expanded its strikes against General Motors to a highly profitable full-size...
Frontier Airlines overhauls frequent flyer program
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesEven for budget carriers, earning elite status is now all about how much you spend.Frontier Airlines on Tuesday...
McDonald’s tried to buy Panera Bread, 5 other reveals
Ron Shaich, founder and then-CEO of Panera Bread, in December 2017.Scott Mlyn | CNBCPanera Bread founder Ron Shaich uses his new book, "Know What Matters," to impart lessons learned from his decades in the restaurant business — and reveals some juicy details in the...
Panera Bread founder Ron Shaich new book criticizes IPOs
Panera Bread founder Ron Shaich led a public company for more than two decades, but that doesn't mean he's a fan of initial public offerings or Wall Street.More than six years after selling the chain for $7.5 billion, Shaich is looking back on his nearly four decades...
Coca-Cola (KO) Q3 2023 earnings
A Coca-Cola truck in New York City.Alexi Rosenfeld | Getty ImagesCoca-Cola is expected to report its third-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 69...
General Motors (GM) earnings Q3 2023
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here's what Wall Street is expecting, according to...
Alaska Airlines flight diverts after ‘security threat’
Travelers wait to check-in at the Alaska Airlines counter at San Francisco International Airport (SFO) in San Francisco, California.David Paul Morris | Bloomberg | Getty ImagesAn Alaska Airlines flight operated by a subsidiary diverted to Portland International...
UAW expands strike to Stellantis pickup truck plant in Michigan
United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union is...
Netflix takes slow approach to video games
It's been nearly two years since Netflix first announced its foray into gaming. Yet, as Netflix has more than tripled its game library from 24 to 77 games in the last year, subscribers have largely shrugged their shoulders.This is all a part of the plan, though,...
Taylor Swift Eras Tour concert film second week box office
US singer Taylor Swift arrives for the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles, California on October 11, 2023. Valerie Macon | Afp | Getty ImagesTaylor Swift continues to beat records at the box office.The pop star's...
Paramount, Shari Redstone might have missed deal window
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023.David A. Grogan | CNBCShari Redstone may have missed her...
GM and Ford report Q3 earnings as Wall Street and UAW watch
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General MotorsReuters; General MotorsDETROIT — Ready for a tightrope walk?General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with...
Airport lounges are booming, and everyone wants in
Travelers are flocking to airport lounges in search of complimentary food, drinks and perhaps most importantly, a chance to relax away from the hordes of travelers at the gate. The problem: plenty of other travelers are too.Armed with high-end rewards credit cards and...
Housing market is painful, ugly, anxious with 8% high rate
Today's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buyers and sellers alike.Prices were already high, driven by supercharged demand during the height of the Covid-19...
Union’s Fain says ‘more to be won’ despite record offers
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union believes there is "more to be won" in ongoing contract...
CVS to pull certain cold medicines from store shelves
Cold and flu medicine including NyQuil sit on a store shelf in Miami on Sept. 12, 2023.Joe Raedle | Getty ImagesCVS is removing some of the most common cough and cold medicines from its store shelves and will no longer sell them, a company spokesperson told CNBC on...
Las Vegas Sands (LVS) reports Q3 earnings and strong Asia growth
A woman rides her bicycle with the Marina Bay Sands hotel and high rise buildings in the background in Singapore on September 4, 2023.Roslan Rahman | AFP | Getty ImagesLas Vegas Sands' recovery from the pandemic is gaining steam, and Asia is a big reason why.The...
Disney highlights theme park revenue growth
Visitors can avoid lines at Disney World if they buy into the system.Joseph Prezioso | Anadolu Agency | Getty ImagesDisney's restructuring has triggered some changes in how the company shares its financial details, shedding light on just how strong its theme park...
Billionaires are driving South Florida home prices to new records
From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property.The average sale price of a home in Palm Beach topped $20 million in the third quarter, making it far...
TGL golf league announces ownership team led by Marc Lasry, Steph Curry
Andre Iguodala #9, Stephen Curry #30 and Klay Thompson #11 of the Golden State Warriors high five each other during the game against the Boston Celtics on March 8, 2017 at ORACLE Arena in Oakland, California.Noah Graham | National Basketball Association | Getty...
Philip Morris (PM) earnings Q3 2023
Philip Morris International Inc. Marlboro brand cigarettes are arranged for a photograph in Shelbyville, Kentucky, U.S., on Friday, Oct. 2, 2015.Luke Sharrett | Bloomberg | Getty ImagesPhilip Morris International on Thursday reported quarterly earnings that topped...
Sanofi to offer insulin for $35 to Americans through GoodRx
Sanofi Lantus brand insulin pens are arranged for a photograph in the Brooklyn borough of New York, U.S., on Friday, April 5, 2019.Alex Flynn | Bloomberg | Getty ImagesAmericans, regardless of their insurance status, can now access Sanofi's most widely prescribed...
Big banks cut thousands of jobs, more layoffs coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThe largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come.Even as the economy has...
September home sales drop to lowest level since the foreclosure crisis
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBCSales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors....
Delta walks back some changes to Sky Club access, loyalty program
Delta's new SkyClub at John F. Kennedy International Airport in New York.Leslie Josephs/CNBCDelta Air Lines on Wednesday walked back some of the broad restrictions it placed on access to its popular airport lounges and trimmed thresholds to earn elite status after...
Costco CEO Craig Jelinek to step down. COO Ron Vachris will take over
A Costco Wholesale warehouse sign is seen outside a store in Silver Spring, Maryland, on Aug. 5, 2023.Mandel Ngan | Afp | Getty ImagesCostco's longtime CEO Craig Jelinek is stepping down from the company after the warehouse club's spree of pandemic- and...
Kohl’s holiday look offers glimpse into turnaround plan
At Kohl's stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home...
American Airlines (AAL) earnings Q3 2023
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year,...
Fast fashion brand must clear hurdles before going public
Illustration by Elham AtaeiazarIt's no secret that Shein has ambitions to go public, but the fast-fashion juggernaut will have to overcome a slew of hurdles before it can win over Wall Street.The digitally native retailer skyrocketed to prominence during the Covid-19...
Netflix returns to growth mode
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023.Joan Cros | Nurphoto | Getty ImagesNetflix is correcting the Great Netflix Correction.There once was a time, long ago in April 2022, when Netflix reported...
SpaceX, Blue Origin, Virgin Galactic call for FAA improvements
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA's Kennedy Space Center in Cape Canaveral, Florida, on October 13, 2023.Chandan Khanna | AFP | Getty ImagesWith the pace of rocket launches accelerating, and competition from China rising,...
Disney gives investors a look at ESPN financials
SportsCenter at ESPN Headquarters.The Washington Post | The Washington Post | Getty ImagesThe reorganization of Disney's business is giving investors a glimpse at ESPN's financials for the first time.The inside look – which shows ESPN's revenue has been decreasing in...
Netflix leans more into sports programming
Rafael Henrique | Lightrocket | Getty ImagesWhether it's streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game.Following some quarters of stagnation, Netflix is back to adding more...
Pfizer to price Covid drug Paxlovid at $1,390 per course
Paxlovid, Pfizer's antiviral medication to treat the coronavirus disease, is displayed in this picture taken on Oct. 7, 2022.Wolfgang Rattay | ReutersPfizer will price a five-day course of its Covid antiviral drug Paxlovid at $1,390 when the company starts to...
Rite Aid lost more than $1 billion before bankruptcy filing
A Rite Aid store in Kingston, New York, US, on Monday, May 15, 2023. Rite Aid Corp. is scheduled to release earnings figures on June 23. Angus Mordant | Bloomberg | Getty ImagesRite Aid lost more than $1 billion in the months before it filed for bankruptcy, the failed...
Netflix (NFLX) earnings Q3 2023
Thomas Trutschel | Photothek | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday.The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price...
Trump Truth Social promotes Biden campaign account
U.S. President Joe Biden delivers remarks on the September jobs report at the White House on October 06, 2023 in Washington, DC.Kevin Dietsch | Getty ImagesNot a joke, folks.Former President Donald Trump's social media company is promoting President Joe Biden's...
United Airlines to debut new boarding order
Passengers check in for United Airlines flights at O'Hare International Airport on December 13, 2022 in Chicago, Illinois.Scott Olson | Getty ImagesUnited Airlines will change its boarding order next week by letting economy-class passengers who have selected window...
30-year fixed mortgage rate just hit 8% for the first time since 2000
JB Reed | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000.The milestone came as bond yields soar to levels not seen since 2007....
Architects report big drop in business
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty ImagesArchitecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next...
Winnebago revenue shows weak discretionary spending
A Winnebago Industries Inc. travel trailer stands at Motor Sportsland RV dealership in Salt Lake City, Utah, U.S., on Monday, April 6, 2020.George Frey | Bloomberg | Getty ImagesWinnebago closed out its fiscal year with a solid fourth quarter earnings beat. Adjusted...
Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021.Andrew Kelly | ReutersMortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the...
Walmart beefs up online marketplace in Amazon challenge
Walmart hosted its first seller summit for its third-party marketplace this summer. At the invitation-only event, CEO Doug McMillon made his pitch on why small businesses and brands should work with the retail giant.WalmartIt was summer in Las Vegas — the temperature...
Morgan Stanley (MS) earnings 3Q 2023
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley is set to report third-quarter earnings before the opening bell on Wednesday. Here's what Wall Street expects:Earnings: $1.28 a share, according to LSEG, formerly known as Refinitiv Revenue: $13.23...
Procter & Gamble (PG) Q1 2024 earnings
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble is expected to report its fiscal first-quarter earnings before the bell Wednesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv,...
United Airlines (UAL) 3Q 2023 earnings
A Boeing 787-10 Dreamliner, from United Airlines, taking off from Barcelona airport in Barcelona on March 28, 2023.JanValls | Nurphoto | Getty ImagesUnited Airlines said more expensive jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war...
Casino workers go on strike in Detroit
MGM Resorts International's MGM Grand Detroit hotel stands in Detroit, Michigan, Oct. 30, 2013.Bryan Mitchell | Bloomberg | Getty ImagesAuto workers aren't the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working...
Vans owner VF Corp shares jump after activist investor builds stake
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021.Luke Sharrett | Bloomberg | Getty ImagesActivist investment firm Engaged Capital has taken a stake in VF Corporation, owner of Vans and The North Face...
GM to delay EV truck production at Michigan plant
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT – General Motors said Tuesday it is delaying production...
Starboard CEO pushes News Corp to spin off real estate assets
Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company.Starboard CEO Jeffrey Smith told CNBC's David Faber on Tuesday that the firm is building a position in...
Tupperware replaces CEO, shares surge
Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesTupperware on Tuesday appointed Laurie Ann Goldman as its new CEO and shook up its board as the iconic brand tries to overcome its recent...
Homebuilder sentiment drops to 10-month low, as mortgage rates soar
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022.Rebecca Noble | Bloomberg | Getty ImagesBuilder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a...
Lucid LCID Q3 2023 EV deliveries production
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about...
StubHub sees 60% jump in ticket sales for NBA season
Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023.Adam Pantozzi | National Basketball Association | Getty ImagesWith the National Basketball Association...
Bank of America (BAC) earnings 3Q 2023
Brian Moynihan, CEO of Bank of AmericaHeidi Gutman | CNBCBank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income.Here's what the company reported:Earnings per share: 90 cents vs. expected 82 cent estimate from...
Johnson & Johnson (JNJ) Q3 earnings report 2023
An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019.Mark Ralston | AFP | Getty ImagesJohnson & Johnson on Tuesday reported adjusted earnings and revenue that topped Wall Street's expectations, driven by a...
Goldman Sachs (GS) earnings 3Q 2023
David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022.Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs is scheduled to report third-quarter earnings before the opening bell...
Taylor Swift Eras Tour box office: Second best October open
Taylor Swift performs onstage during at Ford Field on June 9, 2023 in Detroit, Michigan.Scott Legato | TAS23 | GettyTaylor Swift and AMC have collected the receipts and results are in: the Eras Tour concert film is the second-highest domestic opener of October...
Absolut Vodka, Sprite canned cocktail coming next year
Absolut Vodka and Sprite.Coca-Cola is teaming up with Pernod Ricard to launch a new ready-to-drink and premixed cocktail beginning 2024, the companies announced Monday.The new cocktail will contain a mix of Absolut Vodka and Sprite, the companies said. The drink will...
Hollywood’s AI issues are far from settled after WGA deal
Members of the Writers Guild of America (WGA) East hold signs as they walk for the second day on the picket-line outside of Netflix's New York office on May 03, 2023 in New York City.Spencer Platt | Getty ImagesThe Writers Guild of America's labor deal with Hollywood...
Space investing Q3 report: Following government contracts
SpaceX's Crew Dragon capsule, named Freedom, is seen docked with the International Space Station in May 2023 during the Axiom Ax-2 mission.NASAInvestment in the space sector, especially from venture capital, is consistently flowing into companies that are pursuing and...
Bill Ford calls on union to make a deal
Bill Ford, Executive Chairman of Ford Motor Company, announces at a press conference that Ford will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in...
Taylor Swift Eras Tour concert film opening weekend box office
Taylor Swift performs onstage for the opening night of "Taylor Swift | The Eras Tour" at State Farm Stadium.Kevin Mazur | Getty Images Entertainment | Getty ImagesBox office analysts became Swifties in the lead-up to Taylor Swift's Eras Tour concert film release,...
Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City.Spencer Platt | Getty ImagesRite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt.The company said it...
How Snickers maker Mars prepares for Halloween and trick-or-treat
Snickers and Mars candy bars, produced by Mars Inc., sit on display.Bloomberg | Bloomberg | Getty ImagesFor 11 months of the year, Tim LeBel is Mars Wrigley's president of sales. But for the month of October, he dons a new title: chief Halloween officer.For decades,...
Pregnant Latinas face greater maternal health concerns
Zaza Cristina Robles worked as a pregnancy coach in her native Peru, so when she arrived in the U.S. at 16 weeks pregnant, the first thing she did after settling in with her in-laws was to seek medical care."When they showed us the bill, it was so expensive, my...
What to make of the latest escalation at Ford
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the...
Walgreens pharmacy staff could stage nationwide walkout
A woman walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesPharmacy staff from Walgreens are laying the groundwork for a nationwide walkout and multiple rallies at the end of October to protest unsatisfactory...
Taylor Swift Eras Tour box office Thursday preview ticket sales
Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles, California on October 11, 2023.Valerie Macon | AFP | Getty ImagesTaylor Swift fans had just eight hours to buy tickets for last-minute...
New RSV shots for infants, Abrysvo and Beyfortus, face hurdles in U.S.
A doctor vaccinates an infant against respiratory syncytial virus (RSV) in a treatment room of her paediatric practice.Swen Pförtner | Picture Alliance | Getty ImagesTwo new immunizations promise to protect babies from respiratory syncytial virus – if people can find...
Novo Nordisk hikes outlook on soaring demand for Wegovy, Ozempic
An Ozempic injection pen is seen on a kitchen table in Riga, Latvia, on Aug. 6, 2023.Jaap Arriens | Nurphoto | Getty ImagesNovo Nordisk on Friday raised its outlook for its full-year sales and operating profit due to soaring demand for its blockbuster weight loss drug...
Wells Fargo WFC Q3 2023 earnings
A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023.Justin Sullivan | Getty ImagesWells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset...
Watch SpaceX Falcon Heavy launch NASA Psyche asteroid mission
[The livestream is slated to begin at 9:30 a.m. ET. Please refresh the page if you do not see the video player above.]SpaceX's powerful Falcon Heavy rocket is set to launch on Friday morning, flying a NASA mission bound for a distant asteroid.Targeting the asteroid...
Citigroup (C) Q3 earnings report
Citigroup reported its third-quarter results on Friday morning, with solid growth in both institutional clients and personal banking fueling higher-than-expected revenue.Here's what the company announced compared with what Wall Street was expecting, based on a survey...
Taylor Swift Eras Tour concert film could reach $150 million opening
U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023.Michael Tran | Afp | Getty ImagesThe weekend box office (Taylor's Version).Taylor Swift has sold out stadiums worldwide and now...
JPMorgan Chase (JPM) earnings 3Q 2023
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023.Nathan Howard | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the...
Comcast, Disney hire Morgan Stanley, JPMorgan to value Hulu
Bob Iger, CEO, Disney, and Brian Roberts of ComcastGetty ImagesComcast and Disney have hired investment banks to value Hulu, the next step in what's been a nearly five-year process to put the streaming service under one owner.Comcast, which owns one-third of Hulu, has...
Bank earnings kick off after another period of rising rates, bad loans
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersAmerican banks are closing out another quarter in...
David Beckham says he supports Manchester United sale
Inter Miami co-owner and President David Beckham backs a takeover of his original club Manchester United."At the moment, there's no stability," the longtime former midfielder for the Premier League club told CNBC's "Squawk on the Street" in an interview aired...
Dollar General stock jumps after it brings back former CEO
The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023.Brandon Bell | Getty ImagesDollar General's former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from slowing growth and allegations...
Automaker ‘at the limit’ of what it can offer
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Ford Motor is "at the limit" of what it can offer the United Auto Workers union in terms of economic...
Maersk signs with SpaceX to add Starlink internet to over 330 ships
Maersk is one of the world's biggest container shippers.Andia | UIG via Getty ImagesDanish logistics giant Maersk is adding SpaceX's Starlink to more than 330 container ships, the companies announced Thursday.Maersk said the installation of the Starlink internet...
Incoming Walgreens CEO doesn’t mention pharmacy walkouts
Tim Wentworth, former CEO of Express Scripts.David A. Grogan | CNBCIncoming Walgreens CEO Tim Wentworth on Thursday briefly praised the company's pharmacy staff, but made no mention of the three-day protest walkouts they held this week over poor working conditions.The...
Hollywood, auto strikes dent Delta business travel
A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021.Mike Blake | ReutersRecent strikes by Hollywood talent and United Auto Workers union members are a "drag"...
SAG-AFTRA strike continues as talks break down
Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Timothy A. Clary | AFP | Getty ImagesForget about a Hollywood ending for actors and studios — for now.After just...
Joe Biden to meet with Target CEO Brian Cornell and business leaders
Brian Cornell, CEO, TargetScott Mlyn | CNBCTarget CEO Brian Cornell will meet with President Joe Biden on Thursday afternoon as the retailer — and the White House — try to figure out U.S. consumers.Cornell is one of about a half dozen business leaders across...
AMC CEO Adam Aron discloses online blackmail attempt last year
Adam Aron, Chairman of the Board and CEO, AMC Entertainment, listens during the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California.Patrick T. Fallon | AFP | Getty ImagesAMC CEO Adam Aron confirmed on Thursday he was the victim of a...
Viasat won’t replace damaged Americas satellite, improves financial targets
A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023.ViasatViasat shares rose on Thursday after the company said it expects to meet financial growth targets earlier than...
UAW launches key strike against Ford’s Kentucky truck plant
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesDETROIT — The United Auto Workers...
Walgreens (WBA) earnings Q4 2023
A man walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesWalgreens on Thursday offered soft profit guidance and reported fiscal fourth quarter earnings that fell short of expectations, as demand for Covid...
Delta Air Lines (DAL) Q3 2023 earnings
An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines' profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast...
Chipotle plans price increases after pausing hikes this year
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania.Mark Makela | ReutersChipotle Mexican Grill is planning to raise prices again."For the first time in over a year, we will be taking a modest price increase to...
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs said Wednesday that it...
(BIRK) starts trading on the NYSE
A Birkenstock banner hangs outside the New York Stock Exchange (NYSE) in New York on October 11, 2023, as Birkenstock launches an Initial Public Offering (IPO). Angela Weiss | Afp | Getty ImagesShares of Birkenstock slid about 10% in their debut on the New York Stock...
Zions, Comerica at risk of being booted from S&P 500
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas.Cooper Neill | Bloomberg | Getty ImagesThe stock selloff that hit regional banks this year has exposed lenders including Zions and Comerica to the risk of being delisted from the Standard & Poor's...
Period care brands August, Rael and others unite to fight ‘tampon tax’
Starting Wednesday, consumers paying state sales tax on menstrual products will be able to get those costs on some period care purchases reimbursed.The Tampon Tax Back Coalition — an initiative of period care brands August, Cora, LOLA, The Honey Pot, Rael, Here We...
ChargePoint raising $232 million, shares fall
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023.Smith Collection/gado | Archive Photos | Getty ImagesShares of EV charging network operator ChargePoint Holdings were trading lower on...
Disney World and Disneyland raise prices for most tickets
People walk toward an entrance to Disneyland on April 24, 2023 in Anaheim, California.Mario Tama | Getty ImagesIt's about to get a bit more expensive to experience the magic of Walt Disney World and Disneyland.Ticket prices nearly across the board are increasing,...
Stellantis, Samsung SDI to build EV battery plant in Indiana
PONTIAC, MI - AUGUST 17: The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge's Speed Week at M1 Concourse on August 17, 2022 in Pontiac, Michigan. A production electric vehicle from Dodge, a Stellantis N.V. brand, is...
Adjustable-rate mortgage demand spiked last week. Here’s why.
A house for sale in Arlington, Virginia, in July of 2023.Saul Loeb | AFP | Getty ImagesThe average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called...
Walgreens names veteran health-care executive Tim Wentworth as next CEO
Tim Wentworth, former CEO of Express Scripts.Getty ImagesWalgreens Boots Alliance has chosen veteran health care executive Tim Wentworth as the company's new chief executive.Wentworth is the former CEO of the nation's largest pharmacy benefits management company,...
Birkenstock prices IPO at $46 per share
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty ImagesBirkenstock, the longtime German shoe brand known for its comfy and durable styles, priced its...
GM, Canadian autoworkers union Unifor reach deal to end strike
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM's Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including...
Taylor Swift Eras Tour film: What to expect
Taylor Swift performs onstage for the opening night of "Taylor Swift | The Eras Tour" at State Farm Stadium on March 17, 2023 in Swift City, ERAzona (Glendale, Arizona). The city of Glendale, Arizona was ceremonially renamed to Swift City for March 17-18 in honor of...
Number of people with $100 million has doubled since 2003
Mbbirdy | E+ | Getty ImagesThe population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. There are now 28,420 so-called centi-millionaires worldwide, up 12%...
Nike, American Eagle, Lululemon among favorite brands for teens: Survey
A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida.Joe Raedle | Getty ImagesTeens are a notoriously fickle bunch — but the group is also often on the leading edge of many trends the rest of us eventually adopt.In many ways, the cohort's...
Supreme Court won’t hear challenge to FDA rejection of flavored vapes
A woman smokes an E-Cigarette at Digital Ciggz in San Rafael, California.Justin Sullivan | Getty ImagesThe Supreme Court on Tuesday declined to hear arguments in a case challenging the Food and Drug Administration's authority to reject approvals of flavored electronic...
‘Shark Tank’ star Daymond John hosts Black Entrepreneurs Day
Daymond John attends the 2023 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts in Beverly Hills, California, on March 12, 2023.Leon Bennett | Filmmagic | Getty Images"Shark Tank" star Daymond John is looking to give...
PepsiCo (PEP) Q3 2023 earnings
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023.David Paul Morris | Bloomberg | Getty ImagesPepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations and raised its outlook for its full-year...
Canadian Unifor autoworkers union strikes General Motors
Lana Payne speaks to delegates after being elected as president of UNIFOR, Canada's largest private sector union, at the Metro Toronto Convention Centre on Aug. 10, 2022.Richard Lautens | Toronto Star | Getty ImagesDETROIT — Labor strikes are now an international...
Hispanic inclusion in corporate America lagged in 2022, new survey
Hispanic inclusion in corporate America lagged last year, particularly in three key areas — C-suite representation, talent development and supplier procurement — according to the Hispanic Association on Corporate Responsibility's 2023 Corporate Inclusion Index.While...
Hollywood writers ratify new contract with studios
Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023Alexi Rosenfeld | Getty Images Entertainment | Getty ImagesThe Writers Guild of America has officially...
Believer’ faces competition from Taylor Swift Eras film
Scene from the upcoming film: The Exorcist: Believer.Universal Studios"The Exorcist: Believer" possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come.The Universal and Blumhouse...
Cruise prices rise as operators meet surging travel demand
Carnival's Breeze cruise ship leaves the Port of Miami.Christina Mendenhall | Bloomberg | Getty ImagesAs vacationers emerge into a post-pandemic travel world, cruises have made a spectacular comeback – and ticket prices are surging.Cruise operators like Carnival and...
UAW members to strike Mack Trucks after voting down tentative deal
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday...
Airlines cancel flights, tours scramble
People wait in departing section at Ben Gurion Airport, Israel's only international airport, after many flights from abroad are cancelled due to the attacks launched by Palestinian factions in Tel Aviv, Israel on October 8, 2023.Turgut Alp Boyraz | Anadolu Agency |...
Nelson Peltz increases Disney stake, reignites potential proxy battle
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCA proxy battle between Nelson Peltz and Disney is brewing for the second time this year.Peltz's activist firm, Trian Fund Management, has increased its stake...
U.S. investors seek edge in European soccer
Liverpool's Curtis Jones celebrates scoring their side's second goal of the game during the Premier League match at the King Power Stadium, Leicester. Picture date: Monday May 15, 2023.Tim Goode | Pa Images | Getty ImagesFor U.S. investors looking to score an...
Mexican tequila and beers Don Julio, Modelo boom in the U.S.
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty ImagesPeople in the U.S. are drinking less alcohol than they used to, but when they do indulge, they're more likely than ever to...
Novavax Covid vaccine can still catch up to Pfizer, Moderna shots
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesAmericans can finally get their hands on Novavax's...
UAW, Mack Trucks workers to vote on deal
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023.Rebecca Cook | ReutersDETROIT — United Auto Workers members with Volvo Group-owned Mack Trucks will vote this weekend on a tentative...
Where big investors are hiding amid choppy markets
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010.Daniel Acker | Bloomberg | Getty ImagesInvestors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused...
UAW will not expand strikes this week at GM, Ford, Stellantis
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers will not expand strikes against the Detroit automakers this week amid...
Amazon set to launch Project Kuiper satellite internet prototypes
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida,...
Clorox, MGM Resorts deal with cyberattack fallout
cyano66 | iStock | Getty ImagesIt has been a very eventful couple of weeks for cyberattack-related news.It all kind of started Wednesday of last week when Johnson Controls revealed it had been hit by a cyberattack. The company warned it "experienced disruptions in...
NBA can shift balance of power in media with rights deal
Jimmy Butler #22 of the Miami Heat dribbles against Jamal Murray #27 of the Denver Nuggets during the fourth quarter in Game Five of the 2023 NBA Finals at Ball Arena on June 12, 2023 in Denver, Colorado.Justin Edmonds | Getty Images Sport | Getty ImagesThe National...
Streaming companies chase Spanish-language sports rights
Roberto Firmino of Liverpool shoots whilst under pressure from Eder Militao of Real Madrid during the UEFA Champions League Quarter Final Second Leg match between Liverpool FC and Real Madrid at Anfield on April 14, 2021 in Liverpool, England.Shaun Botterill | Getty...
Hyundai and Kia adopt Tesla’s electric vehicle charging
TESLA logo on a charging station on May 26, 2023.Harry Langer | Defodi Images | Getty ImagesHyundai Motor and Kia announced Thursday they will soon adopt Tesla's electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States.Hyundai and...
Arizona Coyotes local games move to broadcast from cable
Barrett Hayton #29 of the Arizona Coyotes skates against the Dallas Stars at the American Airlines Center on December 6, 2021 in Dallas, Texas.Glenn James | National Hockey League | Getty ImagesThe Arizona Coyotes are skating to a new TV home for local games –...
Taylor Swift Eras Tour film surpasses $100 million in ticket sales
Taylor Swift: The Eros Tour movie promotional imageTaylor Swift's Eras Tour concert film is already a $100 million blockbuster — and it hasn't even hit theaters yet.AMC announced Thursday that global advance ticket sales for the pop singer's movie surpassed the...
Reusable rocket startup Stoke Space raises $100 million
The company's prototype vehicle "Hopper2" flies during a low-altitude launch and landing demonstration on Sept. 17, 2023 in Moses Lake, Washington.Stoke SpaceWashington-based startup Stoke Space raised $100 million in new funds, the company announced Thursday, as it...
Levi Strauss (LEVI) earnings Q3 2023
Levi's 501 blue jeans on display.Sean Gallup | Getty ImagesLevi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street's quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers...
Why borrowing costs for nearly everything are surging
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023.SAUL LOEB | GettyViolent moves in the bond market this week have hammered investors...
GM’s stock falls amid strikes, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors' stock price fell below $30 a share Thursday for the first time in more than three years...
Weight loss drugs Wegovy, Ozempic may be linked to stomach paralysis
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty ImagesBlockbuster weight loss and diabetes drugs like Wegovy and...
Constellation Brands (STZ) earnings Q2 2024
Constellation Brands on Thursday reported earnings and revenue that topped analysts' expectations for its fiscal second quarter of 2024.The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer...
Clorox shares slide after company says cyberattack hit sales
Clorox disinfecting wipes are seen displayed for sale at a Walmart Supercenter in Austin, Texas, on Sept. 18, 2023Brandon Bell | Getty ImagesShares of Clorox fell more than 8% Thursday, the morning after the company said an August cyberattack significantly weighed on...
Lucid’s shares fall after launch of cheaper Air EV
The Lucid Air Pure is the least-expensive version of Lucid's electric Air luxury sedan.Meghan Reeder | CNBCShares of Lucid Group were lower in early trading on Thursday after the company launched a cheaper version of its Air electric luxury sedan in a bid to stoke...
Rivian shares sink after EV maker announces $1.5 billion raise
Shares of Rivian Automotive were sharply lower in early trading on Thursday, after the company surprised investors with a plan to offer $1.5 billion in convertible notes.It also provided a preliminary estimate of its third-quarter revenue that was in line with Wall...
Rolls-Royce CEO Torsten Muller-Otvos retires
Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years.Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce...
Tiger Woods and Rory McIlroy TGL golf league to air on ESPN
Rory McIlroy shakes hands with Tiger Woods on the 18th green after they completed a practice round prior to the 2023 Masters Tournament at Augusta National Golf Club in Augusta, Georgia, April 3, 2023.Christian Petersen | Getty ImagesDisney's ESPN has nabbed the...
Dungeons & Dragons grows into whiskey, furniture and candles
Inside the storefront of Cantrip Candles in Hollywood, CA.Sarah Whitten | CNBCIt's not every day that a spilled beer can start a company. But that's exactly how Christoff Visscher got the idea for Cantrip Candles.An avid Dungeons & Dragons fan, Visscher was...
‘The Exorcist: Believer’ attracts Hispanic audiences
Still from the set of "The Exorcist: Believer."Courtesy: Universal StudiosTake it on faith. The new "Exorcist" movie will draw big Hispanic audiences.Universal is seeing stronger-than-average Hispanic interest for "The Exorcist: Believer" as the movie heads into its...
Popeyes overtakes KFC as No. 2 chicken chain, Chick-fil-A stays on top
A Popeyes restaurant is seen in Washington, D.C.Eric Baradat | AFP | Getty ImagesPopeyes has overtaken KFC as the No. 2 chicken chain in the U.S., a decade after Chick-fil-A first unseated KFC from the top spot.Chicken chains' battle for stomachs — and dollars — has...
Tilray Brands’ revenue jumps, losses narrow
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry.The company reported $177 million in net revenue, up 15% year over year, for its fiscal first quarter. Its cannabis division...
Clorox says sales and profit took a big hit from cyberattack
Clorox on Wednesday warned that its sales and profit took a big hit during the quarter ending Sept. 30, largely due to the after effects of a cyberattack that significantly affected operations.The bleach and cleaning products maker said it expects net sales to...
GM secures new $6 billion credit line as UAW strike costs $200 million
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union."The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the...
Disney discounting child tickets at domestic parks
Visitors can avoid lines at Disney World if they buy into the system.Joseph Prezioso | Anadolu Agency | Getty ImagesIt's about to be cheaper for families to visit Disney's domestic theme parks.The Walt Disney Company on Wednesday announced new, limited time discounts...
Ford reports 7.7% increase in third-quarter sales
United Auto Workers members strike at the Ford Michigan Assembly Plant on September 15, 2023 in Wayne, Michigan. Bill Pugliano | Getty ImagesDETROIT – Ford Motor's third-quarter U.S. new vehicle sales increased 7.7% compared to a year earlier, driven by increased...
Moderna combination Covid, flu vaccine shows positive data
Artur Widak | Nurphoto | Getty ImagesModerna on Wednesday said its combination vaccine targeting Covid and the flu will move to a final stage trial in adults ages 50 and above this year after showing positive results in an early to mid-stage study.The biotech company...
Mortgage demand falls to lowest level since 1996
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesMortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the...
United Airlines buys 110 additional Boeing, Airbus
A Boeing 787 Dreamliner operated by United Airlines takes off at Los Angeles International Airport (LAX) on January 9, 2013 in Los Angeles, California.David McNew | Getty ImagesUnited Airlines is ordering 110 additional Boeing and Airbus jetliners, locking in a supply...
FDA authorizes Novavax updated Covid vaccine
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration on Tuesday authorized Novavax's updated Covid vaccine for emergency use in people ages 12 and up, putting the shot on...
Mortgage rate heads toward 8%
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida.Joe Raedle | Getty ImagesThe average rate on the popular 30-year fixed mortgage rose to 7.72%...
GM third quarter sales jump 21% as UAW strike slowly expands
United Auto Workers (UAW) members and supporters on a picket line outside the General Motors Co. Flint Processing Center in Swartz Creek, Michigan, US, on Monday, Sept. 25, 2023. Emily Elconin | Bloomberg | Getty ImagesDETROIT – An ongoing strike by the United Auto...
Manhattan luxury apartments are in short supply, driving up prices
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York.Michael Nagle | Bloomberg | Getty ImagesA shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader...
Krispy Kreme puts Insomnia Cookies up for sale
In this photo illustration, a Krispy Kreme glazed doughnut is shown on May 12, 2022 in Daly City, California.Justin Sullivan | Getty ImagesKrispy Kreme is exploring strategic alternatives, including an all-cash sale, of its majority stake in Insomnia Cookies, the...
Macy’s to open up to 30 new stores in strip malls
Macy's is opening more small-format stores across the country. They are roughly one fifth the size of its typical locations.Macy'sMacy's on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out...
Chipotle tests automation for burrito bowls and salads
A finished burrito bowl assembled by Chipotle and Hyphen's automation technology.Source: Chipotle Mexican GrillChipotle Mexican Grill is testing whether automation can make customers' burrito bowls and salads.It's the second time the burrito chain has publicly...
Beyonce Renaissance concert film to boost box office
Beyoncé performs onstage during the "RENAISSANCE WORLD TOUR"Kevin Mazur | Getty Images Entertainment | Getty ImagesMovie theaters will become a Bey Hive this December.Hot off the heels of a distribution deal to bring Taylor Swift's filmed Eras Tour to cinemas, AMC...
FCC enforces first space debris penalty in Dish Network settlement
Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C.Andrew Kelly | ReutersThe Federal Communications Commission announced a settlement with Dish Network on Monday in the regulator's first penalty related to space debris.Dish...
Drugmakers agree to Medicare drug price negotiations: What’s next
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersAll drugmakers of the first 10 medicines selected for Medicare drug price negotiations have agreed to participate in the...
Oddity Tech expects Q3 2023 sales to grow up to 31%
Oddity Il MakiageCoutesy: OddityOddity Tech released preliminary third-quarter results on Monday that show expected revenue growth of 29% to 31%, driven by repeat sales at its Il Makiage and Spoiled Child brands.The newly public retailer, which started trading on the...
Late night shows return, actors restart strike negotiations
Host Seth Meyers during Corrections on April 7, 2023.Lloyd Barrell | Nbcuniversal | Getty ImagesNow that the Hollywood writers' strike is over, late night hosts are preparing their first opening monologues since May, and actors are going back to the negotiating table...
Sphere Entertainment stock jumps after U2 performs at Las Vegas venue
The Sphere is seen during the opening night with U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas, Nevada, United States on September 29, 2023. Tayfun Coskun | Anadolu Agency | Getty ImagesSphere Entertainment shares soared more than 10% Monday...
Fast-food drive-thru lanes speed up as fewer drivers wait in line
Chick-fil-A had the slowest average drive-thru experience in 2022, but the highest customer satisfaction.Jeff Greenberg | Universal Images Group | Getty ImagesFast-food drive-thru lanes are speeding up as fewer customers choose to order their meals and milkshakes...
Rivian (RIVN) Q3 2023 deliveries outperform
The Rivian name is shown on one of the company's new electric SUV vehicles in San Diego, California, Dec. 16, 2022.Mike Blake | ReutersRivian Automotive on Monday reported record third-quarter electric vehicle deliveries and said it remains on track to produce 52,000...