Macy’s posts preliminary results, delays full earnings release
A shopper carries a Macy’s bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy’s on Monday posted preliminary third-quarter results and said it would delay its…
Caitlin Clark joins NWSL Cincinnati ownership group
Caitlin Clark, #22 of the Indiana Fever, brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse in Indianapolis, Indiana, on Sept. 15, 2024. Justin Casterline | Getty Images Caitlin Clark has joined an ownership group looking…
Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022. Jeff Greenberg | Universal Images Group | Getty Images Air travelers face a host of headaches on their…
‘Wicked,’ ‘Gladiator II’ opening weekend heads for $200 million
Posters for Wicked and Gladiator II Sources: Universal (L), Paramount (R) The box office this weekend will be painted pink and green, with a splash of red. Universal’s “Wicked” and Paramount’s “Gladiator II” arrive ahead of the Thanksgiving holiday and…
CFPB expands oversight of Apple Pay, other digital payments services
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. Tech giants and payments firms that handle at least 50…
Thousands of Americans see their savings vanish
Oscar Wong | Moment | Getty Images For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they stowed…
Wayne Gretzky talks Alex Ovechkin NHL goals record pursuit
As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky’s all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him. “Alex has been exceptional for our game,” Gretzky…
Gap (GAP) Q3 2024 earnings
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy,…
TGL New York Golf Club brings on Eli Manning, Derek Jeter as investors
New York Golf Club includes Matt Fitzpatrick, Rickie Fowler, Xander Schauffele and Cameron Young. Courtesy: TGL Tiger Woods and Rory McIlroy’s new golf league, TGL, is getting some fresh star power representing the Big Apple. Cohen Private Ventures, the family…
Hyundai all-electric Ioniq 9 three-row SUV revealed
2026 Hyundai Ioniq 9 EV. Hyundaio Hyundai Motor’s newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market. The new vehicle is Hyundai’s largest EV entry to date, joining the…
Target (TGT) Q3 2024 earnings
People are seen at the parking lot of a Target store in Selinsgrove. Paul Weaver | Lightrocket | Getty Images Target on Wednesday missed Wall Street’s quarterly earnings and revenue expectations and posted only a slight uptick in customer traffic,…
Comcast will announce the spinoff of cable networks Wednesday, sources say
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on…
Walmart (WMT) Q3 2025 earnings
Walmart raised its forecast on Tuesday, as its customers bought more discretionary merchandise, ordered more deliveries to their homes and started their holiday shopping. The discounter now expects net sales will grow between 4.8% and 5.1% for the full year….
NBA, WBD settle lawsuit over live game rights
A view of the NBA on TNT logo on a broadcast camera prior to the start of the third quarter of Game Four of the Western Conference Second Round Playoffs between the Denver Nuggets and Minnesota Timberwolves at Target Center…
Spirit Airlines files for bankruptcy protection after mounting losses
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines, an icon of budget air travel that reshaped the industry, has…
McDonald’s, Starbucks aim to improve
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys,…
McDonald’s to invest over $100 million in E. coli outbreak recovery
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images In the wake of last month’s E. coli outbreak tied…
Space stocks rally on ‘Trump-Elon trade,’ analysts say
A hot fire test of an Archimedes engine, which powers the company’s Neutron rocket. Rocket Lab This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector…
Paul, Tyson fight breaks record for biggest non-Vegas boxing gate
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024. Cooper Neill | Getty Images The highly anticipated boxing…
SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. Bloomberg | Bloomberg | Getty Images SpaceX’s second-in-command urged…
Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024. Thomas Machowicz | Reuters Shares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and…
Adidas signs NIL deal with girls’ high school basketball Kaleena Smith
Adidas has signed Kaleena Smith as the bradn’s first NIL high school basketball player. Adidas has signed one of its youngest female athletes yet. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first…
Disney (DIS) earnings Q4 2024
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty…
What targets Rivian needs to hit to receive $5.8 billion from VW
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup…
Strong revenue growth, first Neutron deal
A view of Rocket Lab’s HASTE suborbital launch vehicle. Rocket Lab Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter…
Netflix ad-supported tier has 70 million monthly users
People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users…
Mattel pulls ‘Wicked’ dolls after printing adult web address on packaging
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package…
Steve Madden to slash China sourcing as Trump’s tariff plan looms
The logo of the label Steve Madden at the fashion fair Premium. ens Kalaene | Picture Alliance | Getty Images Steve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over…
How Trump’s victory could change abortion rights in America
Anti-abortion demonstrators listen to President Donald Trump as he speaks at the 47th annual “March for Life” in Washington, D.C., Jan. 24, 2020. Olivier Douliery | Afp | Getty Images Voters in seven out of 10 states approved ballot measures…
California-led EV mandates ‘impossible’ to meet
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that…
‘Wicked’ marketing takes over retail ahead of theatrical debut
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal’s “Wicked.” Universal “Barbie” painted the town pink in 2023, and now “Wicked” is upping the ante by adding a splash of green. Universal‘s theatrical retelling of the famed…
Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies managing partner and principal owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium in London on June 9, 2024. Daniel Shirey | Major…
MLB, Braves object to Diamond Sports reorganization plan
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group,…
Lucid (LCID) results Q3 2024
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs…
Rivian (RIVN) earnings Q3 2024
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99…
What his election means for EVs
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by…
E.l.f. Beauty (ELF) earnings Q2 2025
e.l.f Beauty power grip primer. Courtesy: e.l.f Beauty E.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose more than 10% in after-hours trading. The cosmetics retailer’s earnings came in…
Retailers brace for DEI blowback ahead of election, holiday
A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Natalie…
What Trump’s health pick RFK Jr. could mean for patients, drugmakers
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024. Carlos Barria | Reuters Donald Trump has made…
Boeing machinists end strike, approve labor contract with 38% wage hikes
Members of the International Association of Machinists and Aerospace Workers District 751, embrace at a union hall after learning that union members voted to approve a new contract proposal from Boeing in Seattle, Washington, U.S. November 4, 2024. REUTERS/David Ryder…
More homeowners just started pulling cash out of their properties
U.S. homeowners are sitting on a record amount of equity, but higher interest rates over the past two years have made them reluctant to tap into it. That is finally starting to change. In the third quarter of this year,…
Space Force plans alternative GPS network with Astranis, others
A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for…
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when…
Boeing union backs sweetened contract offer that could end strike, sets vote for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing…
How Disney turns over its parks between Halloween and winter holidays
A staple of Disney’s theme park’s celebrations, the giant Mickey pumpkin statue towers over guests on Main Street. Disney It’s time for Disney parks to swap pumpkins for poinsettias. In the thick of its busiest season, Disney’s domestic theme parks…
Apple commits $1.5 billion to Globalstar for iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232…
Record numbers of wealthy Americans are making plans to leave the U.S.
Ferragudo, Portugal. Gonzalo Azumendi | Stone | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your…
Comcast tests media industry with potential cable networks separation
Mike Cavanagh, president of Comcast Corporation, at center, during the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Comcast is thinking about separating or spinning off NBCUniversal’s cable networks. If…
Comcast is exploring separation of cable networks business
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised…
Starbucks will stop charging extra for dairy alternatives
Starbucks offers oat milk as a dairy-free option. Source: Starbucks Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and…
Eli Lilly (LLY) earnings Q3 2024
Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter, weighed down by disappointing sales of its blockbuster…
Chipotle Mexican Grill (CMG) Q3 2024 earnings
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Angus Mordant | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher…
McDonald’s (MCD) earnings Q3 2024
McDonald’s on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations as its U.S. restaurants reversed last quarter’s same-store sales decline. However, investors are worried about another dent to U.S. sales fueled by a recent E. coli outbreak across 13…
Ford Motor (F) earnings Q3 2024
Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT — Ford Motor guided to the low end of its previously announced 2024 earnings forecast…
Immersive entertainment company Cosm lands rights to some NFL games
Cosm currently has two locations in Los Angeles and Dallas, Texas but plans but is planning on expanding to additional locations in the future. Courtesy: Cosm Cosm, the immersive technology company that broadcasts live sports events using what it calls…
Yum Brands, Burger King pull onions from select locations after McDonald’s E. coli outbreak
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Justin Sullivan | Getty Images Burger King and Yum Brands, which owns Taco Bell, have pulled onions from select restaurants following an…
Deal blocked between Coach, Michael Kors owners
Coach and Michael Kors. Michael M. Santiago | Eduardo Parra | Europa Press | Getty Images A federal judge blocked Tapestry’s acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer…
David Einhorn thinks Peloton could be worth $31 a share
David Enhorn pitches Peloton at the Robin Hood Investors Conference. Getty Images (L) | CNBC (R) Greenlight Capital’s David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current…
Spirit Airlines stock jumps as carrier plans to sell planes, cut jobs
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty Images Spirit Airlines shares surged Friday after the struggling budget carrier said it would cut jobs…
McDonald’s E. coli outbreak: CDC updates case count
A deadly E. coli outbreak linked to McDonald‘s Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention said Friday, as it investigates the source of the spread. The outbreak has led to…
What McDonald’s needs to do next after E. coli outbreak
In this photo illustration, a McDonald’s Quarter Pounder hamburger meal is seen at a McDonald’s on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images As McDonald’s and…
Volkswagen’s Scout Motors reveals first EVs, plans for plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV concepts Scout NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid…
Southwest, Elliott strike deal to keep CEO Jordan, add six directors
Bob Jordan, CEO of Southwest Airlines, listens to questions from media during Southwest Airlines Investor day at Southwest Airlines Headquarters on September 26, 2024 in Dallas, Texas. Sam Hodde | The Washington Post | Getty Images Southwest Airlines and activist…
David Einhorn says Peloton is significantly undervalued
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital’s David Einhorn said shares of the company are…
McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders
A McDonald’s located on Route 66 in Azusa, California, on April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s shares dropped in premarket Wednesday morning after the Centers for Disease Control and Prevention said an E….
WNBA Finals Game 5 game draws highest viewership in 25 years
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association…
General Motors (GM) earnings Q3 2024
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here is what Wall…
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26,…
Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines on Friday said it reached an agreement with its credit card…
Is Global Sources legit for finding suppliers?
Global Sources legit for finding suppliers If you want to source your products from China or Hong Kong, Global Sources is the best platform to use. It has a large network of verified suppliers and is a safe way to…
Embraer CEO says jet maker studying possibilities for a new aircraft
Embraer CEO Francisco Gomes Neto speaks during the Embraer Media Day 2022 at the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Carla Carniel | Reuters Brazilian plane maker Embraer is studying the market and new technology…
Trump, Harris plans on drug costs, abortion, Obamacare differ
President Donald Trump talks to the press outside the White House, July 19, 2019, left, and Democratic presidential nominee and U.S. Vice President Kamala Harris speaks to mark the one-year anniversary of the Oct. 7 Hamas attacks on Israel, at…
elections, hurricanes to affect retail spending
A Macy’s store is seen at Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several…
Stellantis to shutter and sell proving grounds amid cost-cutting
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT — Automaker Stellantis plans to shutter…
Procter & Gamble (PG) Q1 2025 earnings
Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. Shares of the company fell 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based…
Merck says experimental RSV treatment protected infants in trial
The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021. Andrew Kelly | Reuters Merck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive…
Latino audience is key for NFL growth in the U.S. and abroad
Isiah Pacheco #10 of the Kansas City Chiefs runs for a one yard touchdown during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona. Rob Carr |…
GM updates highly profitable large SUVs
DETROIT — General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand’s long-standing segment leadership. The Detroit automaker’s Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for…
Boeing to raise as much as $25 billion to shore up balance sheet
Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist strike and problems throughout its aircraft…
Goldman Sachs (GS) earnings Q3 2024
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the…
Boeing factory strike crosses 1-month mark as pressure mounts on CEO
Boeing Machinists union members picket outside a Boeing factory on September 13, 2024 in Renton, Washington. Stephen Brashear | Getty Images It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting…
Delta says travelers are trading summer Europe trips for fall getaways
A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Riccardo De Luca | Anadolu | Getty Images Summer trips to…
Banks aren’t in the clear just yet
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are…
WNBA Finals to be 7 games in 2025 season
Napheesa Collier, #24 of the Minnesota Lynx, scores the game-winning basket during the game against the New York Liberty in Game 1 of the 2024 WNBA Finals at Barclays Center in Brooklyn, New York, on Oct. 10, 2024. Nathaniel S….
JPM’s Dimon says geopolitical risks ‘treacherous and getting worse’
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO…
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist…
Jeff Shell as Paramount president may have runway to make bold changes
Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | Reuters Less than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment,…
Wealthy millennials, Gen Z are redefining philanthropy
Solstock | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy millennials…
Delta Air Lines (DAL) 3Q 2024 earnings
Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall…
CVS, UnitedHealth, Cigna say FTC should take Lina Khan off PBM case
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | Cq-roll Call,…
Inside the black market of obesity drugs
BOULDER, COLO. — Not far from the majestic Rocky Mountains is an ordinary suburban neighborhood, a tree-lined street and a modest light gray home. It’s not the kind of place you’d imagine an investigation into black market Ozempic would lead….
Walmart opens five more veterinary and pet grooming centers
Walmart is opening five more pet services centers after testing the first location near Atlanta. The centers offer vet visits and grooming. Courtesy: Walmart Walmart shut its doctor offices for people. But the nation’s largest retailer is expanding its pet…
Cruise, cash and EVs top of mind for Wall Street
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — A lot has…
Rolls-Royce NYC Private Office showroom caters to top-tier clients
Rolls-Royce has opened its first U.S. “Private Office,” a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. The Private Office, in Manhattan’s trendy Meatpacking District, is central to the fabled British automaker’s new strategy of growing…
주말에 여성을 위한 파트타임 일자리가 있나요?
위한 파트타임 일자리가 있나요 가족 서커스를 돌며 일하는 엄마이든, 시험과 사회생활을 조화시키려는 대학생이든, 적절한 파트타임 일자리를 찾는 것은 어려운 일처럼 느껴질 수 있습니다. 하지만 그럴 필요는 없습니다. 유럽 전역에서 여성의 부모 자격은 비율에 상당한 영향을 미치며, 격차가 때로는 20%를 넘습니다….
Tiger Woods’ logo dispute with Tigeraire escalates
USA’s Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. Picture date: Friday July 19, 2024. Jane Barlow | PA Images | Getty Images A logo dispute between…
Mortgage rates spike after jobs report
The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government’s monthly employment report. The rate is now 6.53%, according to Mortgage News Daily. That is 42 basis points higher than Sept….
Zillow adds climate risk data to home listings
Insured losses for Hurricane Helene are now estimated at over $6 billion, but the uninsured losses are far higher. That’s because the vast majority of homes impacted by the storm, especially in hard-hit North Carolina, did not have flood insurance….
Blue Origin CEO Dave Limp brings urgency to Jeff Bezos’ space company
Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company’s LC-36 facility in Florida. Blue Origin Dave Limp had only one question for Jeff Bezos when he interviewed last…
Stellantis files federal lawsuit against UAW union over strike threats
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT — Stellantis is suing the United…
Rivian lowers production forecast, misses Q3 delivery expectations
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Shares of Rivian Automotive dropped about 4% in early trading Friday after the electric vehicle startup…
GM’s 2025 EV production capacity target in doubt after Barra comments
General Motors‘ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary Barra. The production capacity target for next year was one…
Trump assassination attempt: Wall Street CEOs react
The leaders of Wall Street’s most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend. JPMorgan Chase CEO Jamie Dimon told employees Sunday that he and his…
Goldman Sachs (GS) earnings 2Q 2024
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023. CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $8.34 per share, according to LSEG Revenue: $12.46 billion,…
Dollar General, Labor Department settle over safety violations
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023. Scott Olson | Getty Images The U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12…
Women set to inherit $9 trillion
Charday Penn | E+ | Getty Images Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what’s being called “the horizontal wealth transfer,” according to a new report….
Tour $60 million mansion in Delray Beach, Florida
The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel Petroni The owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school…
SpaceX Falcon 9 rocket grounded after rare inflight failure
SpaceX’s Falcon 9 is pictured launching satellites to orbit in space after it lifted off from the Vandenberg Space Force Base in California, U.S., in this screenshot obtained from a handout video released on July 12, 2024. Spacex | Via…
Citigroup (C) earnings Q2 2024
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and…
JPMorgan Chase (JPM) earnings Q2 2024
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan…
Delta CEO says Paris Olympics will cost it $100 million
The Paris 2024 logo, representing the Olympic Games is displayed near the Eiffel Tower three months prior to the start of the Paris 2024 Olympic and Paralympic games on April 21, 2024 in Paris, France. Chesnot | Getty Images For…
FTC to sue PBMs over drug prices including insulin, source says
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Trade Commission is planning to…
Walmart to open five automated distribution centers
Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new…
Why home prices are still rising even as inventory recovers
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally…
Nonalcoholic beer maker Athletic Brewing raises $50 million
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s nonalcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty Images Leading nonalcoholic brewer Athletic Brewing Company announced Tuesday…
Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019. Mulugeta Ayene | Reuters Boeing has agreed to plead guilty to criminal fraud tied to…
Streaming alliances are top of mind
A view of the Sun Valley Lodge in Sun Valley, Idaho. Drew Angerer | Getty Images Media and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential…
United Airlines texts travelers live radar maps to explain delays
A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois. Daniel Slim | AFP | Getty Images Don’t believe bad weather is the reason your United Airlines flight is delayed?…
Concerns grow over gambling addiction in the military
In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding…
Ford sales Q2 2024 edge 1% higher
Ford Mustang Mach E electric vehicles are offered for sale at a dealership in Chicago, Illinois, on June 5, 2024. Scott Olson | Getty Images Ford sales rose 1% during the second quarter over the year-earlier period, led by a…
Ferrari’s success as a luxury brand comes down to five secrets
In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a…
GlobalFoundries hiring as semiconductor chip demand rises
The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed. It is also staring down…
NWSL draws private-equity interest as team valuations soar
Women’s soccer is bringing private equity off the sidelines. While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive,…
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty Images Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination…
Bertoletti wins after Joey Chestnut debacle
Patrick Bertoletti, Geoffrey Esper and other contestants compete in the 2024 Nathan’s Famous Fourth of July International Hot Dog Eating Contest at Coney Island in New York City, U.S., July 4, 2024. Jeenah Moon | Reuters There’s a new top…
McDonald’s, Yum, Wendy’s test tech
The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants…
Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises
Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price in Manhattan fell 3% to just more than $2 million, according…
Media mogul Barry Diller weighs a bid to gain control of Paramount
A new suitor for Paramount Global has emerged. Media mogul Barry Diller is taking a look at acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount, CNBC’s David Faber reported on Tuesday. Diller’s…
Americans caught in fintech’s false FDIC promise
Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Indiana. She has been locked out of her Yotta banking account since May 11. Courtesy: Natasha Craft When Natasha Craft first got a Yotta banking account in 2021, she loved using it…
Paramount seeks streaming partner. Warner Bros. Discover is interested
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. If…
Inside Starbucks plans to improve stores
Starbucks Coffee shop in Krakow, Poland on February 29, 2024. Beata Zawrzel | Nurphoto | Getty Images Starbucks cafes across the country are starting to change how they make drink orders, among other tweaks designed to reduce bottlenecks and long…
Fathom, joint venture of AMC, Regal, Cinemark, makes major gains
At a time when the box office is starved for content and audiences seem pickier than ever, Fathom Events is posting record revenue gains. For 20 years, the joint venture between AMC, Regal and Cinemark has been best known for…
‘Inside Out 2’ tops $1 billion at global box office, first since ‘Barbie’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar’s “Inside Out 2.” Disney | Pixar Disney and Pixar’s “Inside Out 2” is the newest member of the billion-dollar club. The animated feature has tallied $1.014 billion…
Bandit Running Unsponsored Project decks out Olympic hopefuls
Christopher Royster, left, and JT Smith, athletes who participate in Bandit Running’s Unsponsored Project, at the 2024 Olympic trials in Eugene, Oregon. Courtesy: Bandit Running There’s an army of unsponsored athletes commanding attention at the U.S. Track & Field Olympic…
Next food and beverage trends include honey, tinned fish
The budding trends in food sound like a return to the diet of cavemen: Fish is the hottest protein, honey is the flavor du jour and game meat is an upgrade to charcuterie boards. That’s according to the hundreds of…
$30,000 EV coming in two and a half years, at a profit
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and…
Nike CEO John Donahoe under fire from Wall Street after Q424 report
John Donahoe, attends the first day of the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Nike CEO John Donahoe appears to be on thin ice. The former top executive of eBay,…
Tesla loses its EV quality edge
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Tesla is losing its lead over legacy…
Chinese automakers expected to achieve 33% global market share by 2030
A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex in Guangzhou, Guangdong Province of China, on Nov. 17, 2023. Vcg | Visual China Group |…
Levi (LEVI) earnings Q2 2024
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street’s expectations at a time when…
Southwest Airlines cuts revenue forecast
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines on Wednesday cut its second-quarter revenue forecast, citing changing booking patterns….
Volkswagen takes $1 billion stake in EV maker
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an…
U.S. auto sales are expected to slow during the second half of 2024
Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the…
Novo Nordisk to boost output of Wegovy, Ozempic with new NC facility
Novo Nordisk’s new manufacturing facility in Clayton, North Carolina. Courtesy: Novo Nordisk Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of…
Ferrari CEO Benedetto Vigna: All-electric model preserves ’emotion’
Ferrari’s all-electric model won’t be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. “The final judge will be the client,” Vigna…
Darden Restaurants (DRI) Q4 2024 earnings
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for…
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While…
Shein US IPO is dead, experts say
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States…
Forever 21 seeks rent concessions, facing financial struggles
Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. The retailer, which has more than 380 stores in the U.S.,…
Eli Lilly expects FDA call on Zepbound for sleep apnea in near term
Eli Lilly on Friday said it applied for U.S. approval of its weight loss drug Zepbound for the treatment of the most common sleep-related breathing disorder and expects regulators to make a decision as early as the end of the year. If cleared…
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from…
SpaceX unveils ‘Starlink Mini’ satellite internet antenna for $599
Starlink Mini promotional image. SpaceX customer email sent June 19, 2024. SpaceX is rolling out a compact version of its Starlink antennas, which the company is advertising as a mobile option for its satellite internet customers. “Starlink Mini is a…
Gilead PrEP lenacapavir succeeds in Phase 3 trial
Gilead‘s experimental twice-yearly medicine to prevent HIV was 100% effective in a late-stage trial, the company said Thursday. None of the roughly 2,000 women in the trial who received the lenacapavir shot had contracted HIV by an interim analysis, prompting…
Inside Out 2, Despicable Me 4 could boost box office
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar’s “Inside Out 2.” Disney | Pixar A big piece has been missing from the box office — family films. A handful of kid-friendly hits — Universal’s…
FDA approves Merck pneumococcal disease vaccine designed for adults
Zoom In IconArrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung…
Eli Lilly CFO Anat Ashkenazi on managing soaring demand for GLP-1s
A pharmacist holds boxs of Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023. George Frey | Bloomberg | Getty Images Skyrocketing demand for a class of weight…
Christina Lewis launches Beatrice Advisors multifamily office
Christina Lewis, founder of Beatrice Advisors, at her home office with a portrait of her father, Reginald Lewis. Cindy Johnson Christina Lewis had her first asset allocation meeting with her wealth manager when she was 13. “I remember the meeting…
‘Inside Out 2’ arrives in theaters for increasingly rare 100-day run
In Disney and Pixar’s “Inside Out 2,” Joy, Sadness, Anger, Fear and Disgust meet new emotions. Disney | Pixar Disney is looking to bring a little joy to theaters with its upcoming release of Pixar’s “Inside Out 2.” Current expectations…
Candy makers face steep cocoa prices, get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of…
Boeing and NASA delay Starliner astronaut return to June 22
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024. Maxar Technologies | Via Reuters Boeing‘s Starliner capsule “Calypso” will stay at the International Space Station twice as long as the…
Pentagon picks Blue Origin, SpaceX, ULA in $5.6 billion rocket program
A mass simulator version of a New Glenn rocket is moved for testing in November 2021. Blue Origin The Pentagon announced the first winning bidders in its rocket launch contract sweepstakes on Thursday, with Jeff Bezos’ Blue Origin grabbing a…
GameStop annual shareholder meeting 2024 servers crash
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop’s annual shareholder meeting was disrupted by computer problems…
Ford ends EV dealership program
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest…
Paramount Skydance deal ends. What happens next
A view of Paramount Studios in Los Angeles, Sept. 26, 2023. Mario Anzuoni | Reuters National Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what’s next for the legacy media giant during a…
Jake Paul launching men’s skin care line at Walmart
Jake Paul is launching a personal care brand geared toward men. Courtesy: W Jake Paul is entering a new arena: skin care. The YouTube influencer-turned-boxer announced on Wednesday the launch of “W,” a skin-care company targeted toward men. The personal…
Joey Chestnut out over plant-based partnership
Nathan’s Famous Fourth of July International Hot Dog-Eating Contest contestant Joey Chestnut stands next to the Nathan’s mascot Frankster, ahead of the official weigh in ceremony in the Manhattan borough of New York City, New York, U.S., July 2, 2021….
Warner Bros. Discovery strikes French Open U.S. broadcast deal
Spain’s Rafael Nadal reacts as he plays against Germany’s Alexander Zverev during their men’s singles match on Court Philippe-Chatrier on day two of The French Open tennis tournament at The Roland Garros Complex in Paris on May 27, 2024. Anne-christine…
UAW President Shawn Fain under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education, Labor and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill in Washington, D.C., on March 14, 2024….
Southwest Airlines faces activist challenge from Elliott
A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Mike Segar | Reuters Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to…
Spirit Airlines CEO says not considering chapter 11
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines CEO Ted Christie said Friday that the budget airline isn’t considering…
United Airlines launches personalized ads on seat-back screens
Passengers on a Boeing 737 Max-8 plane during a United Airlines flight departing from Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Wednesday, March 13, 2024. Bing Guan | Bloomberg | Getty Images Now playing on United…
FDA approves GSK RSV vaccine for adults 50 to 59
A view shows GlaxoSmithKline headquarters in London, Britain, January 17, 2022. Hannah Mckay | Reuters The Food and Drug Administration on Friday expanded the approval of GSK‘s respiratory syncytial virus vaccine to adults ages 50 to 59 who are at…
Child care crisis costs U.S. businesses
Vadym Buinov | Moment | Getty Images The Covid-19 pandemic brought to the surface both cracks and resilience in the American economy, with child care taking center stage as day cares shuttered, schools went remote and parents attempted to juggle…
Nadella, Narayen among tech CEOs investing in cricket’s American dream
Cricket may not be as popular a sport in the U.S. as elsewhere in the world, but some high-profile CEOs and investors are trying to change that. As the Men’s T20 Cricket World Cup, co-hosted by the U.S. for the…
Oscar Health CEO Mark Bertolini set to take on employer market
Mark Bertolini speaking at the CNBC Evolve New York event on June 19. 2019. Astrid Stawiarz | CNBC Mark Bertolini has helped Oscar Health move toward profitability, after taking over as CEO of the health insurer a year ago. Now,…
Rivian R1 pickup and SUV redesigned with Nvidia chips
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. While the 2025 model-year vehicles do not outwardly look too different than…
Walmart hometown Bentonville Arkansas gets more expensive
BENTONVILLE, Ark. — When Gil Curren’s family moved into a run-down farmhouse in Walmart’s hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn’t yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto…
Lululemon (LULU) earnings Q1 2024
Lululemon‘s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street’s earnings…
Walmart rolls out new job training program, bonuses for associates
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The big-box retailer said it will also offer another reason for hourly store…
NBA, NHL voice concerns over reorganization
A Bally Sports display is shown in the eighth inning of the game between the MLB’s Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023. David Berding | Getty Images Sport | Getty Images…
Paramount outlines job cuts, streaming JV plans at annual meeting
A view of Paramount Studios’s water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. Mario Anzuoni | Reuters The current leadership of Paramount Global is gearing up…
Ford restores Detroit train station for $950 million campus
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT –…
Moderna, Merck cancer vaccine with Keytruda improved survival in trial
Moderna and Merck released more positive three-year data Monday on their experimental vaccine, given to patients with the most deadly form of skin cancer in combination with the therapy Keytruda. The vaccine together with Merck’s Keytruda improved survival and showed…
Pfizer lung cancer drug shows promising long-term trial results
CHICAGO — Pfizer on Friday said its drug for an advanced form of lung cancer showed promising long-term results in a late-stage trial, which may help establish it as the new standard treatment for the condition. The company’s medicine helped…
Aston Martin gets a boost from Formula 1, new models
With a parade of new models and a marketing tailwind from Formula 1, sports carmaker Aston Martin expects to become cash-flow positive this year, according to Executive Chairman Lawrence Stroll. “We’re now at a really transitional moment, with an inflection…
FDA approves Moderna RSV vaccine for seniors
The FDA has approved Moderna’s RSV vaccine for older adults. Courtesy: Moderna The Food and Drug Administration on Friday approved Moderna’s vaccine for respiratory syncytial virus for adults ages 60 and above, the company’s second-ever product to enter the U.S….
Yotta CEO says 85,000 bank accounts locked
Oscar Wong | Moment | Getty Images When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead,…
Strong Gap and Foot Locker earnings don’t spell a consumer comeback
The Gap logo is displayed at a Gap store in Los Angeles, April 25, 2023. Mario Tama | Getty Images Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because…
AI cancer screening is booming, most not covered by insurance
Artificial intelligence for cancer screening has taken off. Yet most of those new programs aren’t covered by Medicare or private insurers, which creates headwinds for companies looking to boost adoption and for patients who could benefit from the new technology….
Jeep’s first global all-electric SUV at $72,000
2024 Jeep Wagoneer S EV Jeep NEW YORK – The first all-electric Jeep SUV for the U.S. will be the 2024 Wagoneer S, starting at about $72,000 when it’s scheduled to go on sale this fall. The Stellantis-owned brand revealed…
Kohl’s (KSS) earnings Q1 2024
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below…
Nelson Peltz sells Disney stake
Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the…
Dick’s Sporting Goods (DKS) earnings Q1 2024
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on…
American Airlines cuts outlook, says chief commercial officer is leaving
American Airlines passenger jets are lined up at the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on Feb. 10, 2024. J. David Ake | Getty Images American Airlines slashed its sales outlook on Tuesday. The company has…
McDonald’s CosMc’s chain expansion
The purple coloring of CosMc’s Tropical Spiceade comes from the mix of lemonade, pineapple flavoring and dragonfruit. Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting…
Eli Lilly invests to increase Mounjaro, Zepbound supply
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Eli Lilly on Friday said it is investing another $5.3 billion in a manufacturing plant in…
4DX movie experience carves out a niche market segment
Chris Hemsworth stars as the villainous Dementus in Warner Bros.’ “Furiosa: A Mad Max Saga.” Warner Bros. Discovery In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson…
TJX and Ross won’t be slowing down anytime soon — here’s why
A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Off-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it’s not just because consumers are under pressure and hunting…
The summer reading list for the rich, by J.P. Morgan Private Bank
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Today’s workaholic wealthy rarely have time…
UAW challenges Mercedes-Benz union vote, asks NLRB for new election
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images DETROIT – The United Auto Workers union…