Resort day passes offers travelers luxury on a budget
Avid traveler Lora Bowler is cutting back on vacation spending. That doesn’t mean she’s skipping the resort. The New York resident said she spent more in 2023 than she had expected to, including on travel, and is now reining in…
What to know about human cases, vaccines
Cows are seen standing in a feedlot on June 14, 2023 in Quemado, Texas. Brandon Bell | Getty Images U.S. health officials are monitoring and preparing to combat bird flu in humans, even as they emphasize that the risk to…
Daily marijuana use surpasses alcohol consumption, new study finds
A recreational marijuana smoker indulges in smoking weed on April 14, 2020 in the Bushwick section of the Brooklyn borough of New York City. Bruce Bennett | Getty Images Americans are reaching for buds more than booze. Daily or near-daily…
Frontier Airlines CEO said passengers abuse airport wheelchair service
Frontier Airlines plane seen at Cancun International Airport. On Wednesday, December 08, 2021, in Cancun International Airport, Cancun, Quintana Roo, Mexico. Artur Widak | Nurphoto | Getty Images The 1986 Air Carrier Access Act requires airlines to provide a wheelchair…
E.l.f. Beauty (ELF) earnings Q4 2024
E.l.f Beauty products. Courtesy: e.l.f Beauty E.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer’s shares fell as it said it expects its growth to slow. The eyes, lip, face company, known…
Warner Bros. Discovery, ESPN strike College Football Playoff deal
ESPN college football broadcast camera on display prior to the All State Sugar Bowl playoff game between the Texas Longhorns and the Washington Huskies on Monday, January 1, 2024 at Caesars Superdome in New Orleans, LA. Nick Tre. Smith |…
Target (TGT) Q1 2024 earnings
A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target on Wednesday posted a year-over-year sales decline and missed Wall Street’s earnings estimates, as consumers fatigued from high prices bought…
McDonald’s franchisee group cheers $5 value meal, pushes for more
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, on April 9, 2020. David Paul Morris | Bloomberg | Getty Images An independent advocacy group of McDonald’s franchisees is weighing…
Macy’s (M) Q1 2024 earnings
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their…
JPMorgan CEO Jamie Dimon hints at retiring within 5 years
Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Jamie Dimon’s days as CEO of JPMorgan…
Is there a pullback in consumer spending? Here’s what CEOs say
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on…
Boeing CEO Dave Calhoun reelected to board
Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Drew Angerer | Getty Images Boeing shareholders voted to…
Dodge, Ram boss Tim Kuniskis to retire from Stellantis
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Stellantis‘ Dodge and Ram brands CEO Tim Kuniskis is…
Frontier Airlines change fees scrapped in pricing overhaul
A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Feb. 27, 2020. Elizabeth Page Brumley | Tribune News Service | Getty Images Frontier Airlines said it will stop charging customers a fee to change their…
Companies lean on sports after Hollywood strikes
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves |…
Mercedes-Benz workers in Alabama vote against union
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 Mercedes-Benz workers in Alabama have voted against…
FDA approves Amgen small cell lung cancer treatment
The Amgen headquarters in Thousand Oaks, California. Eric Thayer | Bloomberg | Getty Images The Food and Drug Administration on Thursday approved Amgen‘s therapy for patients with the most deadly form of lung cancer. The agency cleared the drug, which…
NBA TV rights deal hinges on Warner Bros. Discovery
NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at Rocket Mortgage Fieldhouse on February 19, 2022 in Cleveland, Ohio. Jason Miller | Getty Images Whether it’s two people in…
Walmart (WMT) Q1 2025 earnings
Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. The big-box retailer said it now expects to hit the high-end…
Netflix to stream NFL games on Christmas Day
Netflix will stream Christmas Day National Football League games for the next three years, in its first true step into live sports. The streaming platform will show two games on Christmas Day this year, followed by at least one matchup…
Ford names ex-Lucid Motors exec as next CFO, promotes current chief
Ford’s Chief Financial Officer John Lawler and Linda Zhang, chief engineer for the company’s All Electric F-150 Lightning, participate in the opening bell ceremony at the New York Stock Exchange, April 28, 2022. Brendan Mcdermid | Reuters Ford Motor on…
Roaring Kitty meme stock rally may help with debt payments
Cars drive near an AMC Theater in New York City on March 29, 2023. Leonardo Munoz | View Press | Corbis News | Getty Images Can AMC Entertainment capitalize on a second meme craze? The stock, alongside GameStop, surged this…
Home Depot (HD) Q1 2024 earnings
Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of higher interest rates and made spring purchases late. Still, the home improvement retailer reaffirmed its full-year…
Novavax stock jumps on Sanofi Covid vaccine deal
A vial labeled “Novavax V Covid-19 Vaccine” is seen in this photo taken Jan. 16, 2022. Dado Ruvic | Reuters Shares of Novavax closed nearly 50% higher on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French…
NRF rejects Shein membership as retailer pursues U.S. IPO
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images Chinese-founded fast fashion behemoth Shein isn’t just working to win over lawmakers in Washington, D.C., as it gears up for a…
McDonald’s working on $5 value meal
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s is working to introduce a value meal in U.S. stores to help offset an increasingly challenging…
EV startups Rivian, Lucid, Nikola attempt to shore up cash
R1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Brian Cassella | Tribune News Service | Getty Images Once-hot electric vehicle startups — years ago fueled by low interest rates, free…
NHL CEO, other Latino executives found Latinos in Sports platform
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media. Courtesy: Guerrero Media When the National Hockey League’s Arizona Coyotes sold its franchise to Utah last month, the league…
Sweetgreen, Chipotle and Wingstop aren’t seeing a consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023. Jeenah Moon | The Washington Post | Getty Images High-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong…
Goldman, American Express are among top companies for parents: study
Vadym Buinov | Moment | Getty Images Working parents, guardians or caretakers know the challenge of striking the delicate balance between work and care responsibilities. From paid parental leave to quality health-care coverage and equal pay that cover child care…
Moderna says RSV vaccine FDA approval delayed to end of May
Nikos Pekiaridis | Lightrocket | Getty Images Moderna on Friday said the Food and Drug Administration has delayed the approval of its vaccine for respiratory syncytial virus to the end of May due to “administrative constraints” at the agency. The…
Casinos face shareholder votes over indoor smoking
A new strategy has emerged in the battle to ban smoking in casinos: the shareholder vote. Shareholders at Boyd Gaming, Bally’s Entertainment and Caesars Entertainment will put on the ballot at the respective casino companies proposals to force them to…
Warner Bros. Discovery (WBD) earnings Q1 2024
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top…
Disney, Warner Bros. Discovery bundle streaming services
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images The bundle is back. Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and…
Private equity firms circle Peloton for potential buyout
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. In recent months,…
Oddity Tech (ODD) earnings Q1 2024
As Ulta Beauty says it expects a slowdown in retail’s most resilient category, an upstart says it is bucking the trend. Oddity Tech, the newly public Israeli cosmetics platform that uses artificial intelligence to develop products, posted first-quarter results that…
Disney (DIS) earnings Q2 2024
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 Images Disney…
Dozens of former employees plan to sue Bowlero for discrimination
Dozens of former employees who say they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the attorney…
Amgen soars on weight loss drug progress, Novo Nordisk, Eli Lilly slide
Amgen‘s stock rose more than 12% on Friday after the drugmaker teased positive initial data on its experimental weight loss injection. That fueled investor concerns about new competition in the rapidly growing weight loss drug industry, sending shares of the…
Dave & Buster’s plan to allow betting on arcade games draws scrutiny
A Dave & Buster’s location in the Gateway Center shopping complex in the Brooklyn borough of New York, US, on Saturday, March 30, 2024. Bing Guan | Bloomberg | Getty Images Arcade chain Dave and Buster’s plan to allow customer…
Skydance could drop bid after Sony Apollo offer
Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023. David A. Grogan | CNBC Skydance Media is prepared to walk away from its offer for…
can you boat rental in Italy for a day
boat rental in Italy for a day Italy’s rich history and charming people have left a strong mark on Western culture, including its famous gastronomy. With 7,500 km (4,400 mi) of Mediterranean coastline, Italy offers a variety of stunning seaside…
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the…
Star Wars was the first Lego license — 25 years later, it’s stronger than ever
Star Wars Lego models are seen at the Bricks & Figs museum in Krakow, Poland, on April 15, 2023. Anadolu | Anadolu | Getty Images If you are a Star Wars fan, Jens Kronvold Frederiksen may have crafted your childhood. A…
Immigrant workers are helping boost the U.S. labor market
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of…
Peloton CEO Barry McCarthy steps down, 15% of staff laid off
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Peloton announced Thursday that CEO Barry…
Wayfair (W) earnings Q1 2024
Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat Wall Street’s expectations on the top and…
Moderna (MRNA ) earnings Q1 2024
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The results come as Moderna inches closer to putting…
Starbucks, McDonald’s, Yum earnings show consumers pulling back
It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said…
Ford University dealer training on EVs uses AI, gamification
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial intelligence…
Starbucks (SBUX) earnings Q2 2024
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales. The coffee chain also slashed its forecast for its fiscal…
Coca-Cola (KO) Q1 2024 earnings
A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023. Denis Lovrovic | AFP | Getty Images Coca-Cola reported its first-quarter earnings before the bell Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were…
J&J, Bristol Myers Squibb lose Medicare drug-price talks challenges
Jonathan Raa | Nurphoto | Getty Images A federal judge in New Jersey on Monday rejected Johnson & Johnson‘s and Bristol Myers Squibb‘s legal challenges to the Biden administration’s Medicare drug-price negotiations, ruling that the program is constitutional. The decision…
FDA approves Pfizer gene therapy Beqvez for treatment of hemophilia B
The Food and Drug Administration on Friday announced that the agency approved Pfizer‘s treatment for a rare genetic bleeding disorder, making it the company’s first gene therapy to win clearance in the U.S. The agency greenlighted the drug, which will…
Starbucks resumes bargaining with Workers United union
Starbucks and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate. The two sides’ return to the bargaining table follows their February announcement that they found a “constructive path forward” during mediation discussions related…
Starbucks, Workers United union make progress in negotiations
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California. Mario…
CVS Omnicare pharmacy in Vegas is first to join new pharmacy union
A CVS Omnicare pharmacy in Las Vegas has become the first location to join a new national pharmacy union, a milestone for organizers trying to help thousands of U.S. pharmacy workers address what they call unsafe working conditions. Nearly 30…
American Airlines cuts some international flights citing Boeing delays
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty Images American Airlines on Friday said Boeing’s 787 Dreamliner delivery delays are forcing it to cut some…
Wealth gap between millennials spurs a new class war
Klaus Vedfelt | Digitalvision | 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. The…
Southwest Airlines (LUV) earnings Q1 2024
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down…
Paramount, Skydance inch closer to a merger agreement: Sources
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter. Paramount Global’s special committee, in charge of accepting or…
Walgreens launches cell, gene therapies in service expansion
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday said it will start to work directly with drugmakers to bring cell…
Chipotle Mexican Grill (CMG) Q1 2024 earnings
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher traffic to its restaurants. The stock rose 4% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based on…
3.6 million Medicare patients could get heart health coverage
More than 3 million people with Medicare could be eligible for coverage of Wegovy now that the blockbuster weight loss drug is also approved in the U.S. for heart health, according to an analysis released Wednesday by health policy research…
JetBlue shares tumble after airline lowers 2024 revenue outlook
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto |…
General Motors (GM) earnings Q1 2024
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday. Wall Street…
Express files for bankruptcy, plans to close nearly 100 stores
Longtime mall retailer Express filed for Chapter 11 bankruptcy protection in Delaware federal court on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it. Express, whose portfolio…
FAA will require more rest time for air traffic controllers
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images The head of the Federal Aviation Administration…
Cricket, big business in India, brings star power to US with world cup
USA Cricket Vice-Captain Aaron Jones poses next to a giant cricket ball, installed at a marketplace to mark 100 days to go for the ICC Men’s T20 World Cup, in Miami, Florida, on Feb. 22, 2024. Chandan Khanna | Afp…
Autonomous drone startup Zipline hits 1 million deliveries
Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working…
Weight loss drug patients spend less on restaurants, takeout: survey
A food delivery messenger carries a take out bag outside aSweetgreen in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images A highly popular group of weight loss and diabetes drugs is decreasing some consumers’…
VW workers in Tennessee vote to join UAW in historic win for union
Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024. Kevin Wurm | The Washington Post | Getty Images Volkswagen workers in Chattanooga, Tennessee, have overwhelmingly voted to join the United Auto Workers — marking a major milestone…
Lululemon to shutter Washington warehouse, lay off 128 employees
Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed Friday. The athletic apparel retailer filed a WARN notice with the state’s…
What subscriber reporting change means
The best way to get investors to stop focusing on something is to stop telling them at all. Netflix said Thursday it will no longer report quarterly membership numbers and average revenue per membership starting in the first quarter of…
Netflix (NFLX) earnings Q1 2024
A couple sits in front of a television with the Netflix logo on it. Picture Alliance | Picture Alliance | Getty Images LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year,…
Former WWE CEO’s life after Janel Grant lawsuit
Vince McMahon, right, and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport in Green Bay, Wisconsin, on June 22, 2009. Mark A. Wallenfang | Getty Images As he faces a mountain of legal…
Airline execs predict record summer, even more demand for first class
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there is no sign of slowing…
State tax officials use AI to go after wealthy payers
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | 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…
United Airlines (UAL) 1Q 2024 earnings
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing, the latest airline…
Boeing defends 787 Dreamliner safety after whistleblower claims
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Monday defended the…
Peloton removes free app membership
A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. Carlo Allegri | Reuters Peloton has quietly removed its unlimited free-membership tier on its fitness app less than…
Weight loss, diabetes drugs not linked to suicidal thoughts: EU probe
Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters European Union drug regulators found no evidence that highly popular weight loss and diabetes drugs such as Wegovy…
Nike CEO blames remote work for innovation slowdown
Nike President and CEO John Donahoe. Source: Nike Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In an interview…
Why Hawaii is becoming a leader in U.S. EV adoption
Customers admire a Tesla Model 3 electric vehicle at a Tesla store in Honolulu, Hawaii. Alex Tai | SOPA Images | Lightrocket | Getty Images U.S. consumers have been making the move to all-electric vehicles more slowly than many expected…
Macy’s, Arkhouse take-private fight continues after proxy settlement
Shopping bags in front of the Macy’s Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as…
Nike CEO acknowledges it went too far in direct push
Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) Karol Serewis | Lightrocket | Getty Images Nike CEO John Donahoe…
StubHub eyes summer IPO, seeks $16.5 billion valuation
StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was valued at in late 2021…
Ohtani translator accused of stealing $16 million from Dodgers star
Shohei Ohtani’s former translator Ippei Mizuhara allegedly stole more than $16 million from the Los Angeles Dodgers star to cover millions of dollars of gambling debts, the U.S. attorney’s office announced Thursday. The office, which filed a criminal complaint against…
Ford prepares to resume shipments, drops some prices
The F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DEARBORN, Mich. — Ford Motor is lowering the starting prices of some all-electric F-150 Lightning pickup trucks as it prepares…
Record funding propels Denver-Boulder’s life sciences market
This story is part of CNBC’s 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. The Denver-Boulder region is rapidly emerging as a major…
What are the best Cannes boat rental companies?
best Cannes boat rental companies With its annual Film Festival attracting celebrities and cinema lovers from all over the world, Cannes is a top harbor hotspot during the summer months. Its glistening beaches and cobalt blue sea are the perfect…
Sierra Space CEO talks IPO plans, satellite launch and Dream Chaser
A render of Sierra Space’s Velocity satellite bus Credit: Sierra Space Amid preparations for its spaceplane’s maiden flight and an initial public offering as soon as next year, Sierra Space is expanding its satellite offerings. Ahead of the much-anticipated…
New off-road SUV will include a hybrid engine
2025 Toyota 4Runner TRD Pro Toyota Toyota Motor revealed a new 4Runner SUV for the first time in nearly 15 years — completing a recent redesign of the automaker’s current trucks and SUVs. Aside from its new looks, which are…
Denver-Boulder aims to be Silicon Valley of the future
An Atom Computing employee engaged in work on a computer screen. CNBC This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital,…
Iowa-South Carolina NCAA women’s final draws 18.7 million viewers
March Madness branded Powerade bottles before the game between the Maryland Terrapins and the South Carolina Gamecocks during the Elite Eight round of the 2023 NCAA Women’s Basketball Tournament held at Bon Secours Wellness Arena in Greenville, South Carolina, on…
Solar eclipse flights swarm small airports
An airplane passes during a partial solar eclipse seen from Queens, New York City, U.S., April 8, 2024. Andrew Kelly | Reuters Monday’s solar eclipse is giving some of the country’s smaller airports their moment in the sun. The Federal…
Spire Global, Nvidia see potential in using AI to help predict weather
Artificial intelligence has been instrumental to weather forecast modeling for years, and recent breakthroughs in generative AI dangle the possibility of it becoming more accurate. That’s what Spire Global is betting on in its recently announced partnership with AI darling…
Disney parks are its top money maker; it’s spending to keep it that way
Visitors wearing emblematic Mickey Mouse and Minnie Mouse ears walk in front of the Sleeping Beauty-inspired castle at Disneyland Paris, Oct. 16, 2023. Ian Langsdon | Afp | Getty Images Three years ago, Josh D’Amaro stood in a nearly empty…
Details of David Ellison bid
Skydance Media’s offer to acquire National Amusements and merge its studio with Paramount Pictures isn’t a conventional takeover. The question for Paramount Global shareholders might be: Is it better than no deal at all? Skydance has made a unique pitch…
Gatorade expands into new products including plain water
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of…
Boeing CEO Calhoun took home $5M last year ahead of 737 Max crisis
Boeing CEO Dave Calhoun speaks with reporters on Capitol Hill in Washington, D.C., before meeting with a group of senators on Jan. 24, 2024. Jim Watson | AFP | Getty Images Outgoing Boeing CEO Dave Calhoun’s take-home pay fell to…
‘Mandalorian & Grogu,’ ‘Toy Story 5’ and another ‘Tron’
The Mandalorian and the Child on Disney+’s “The Mandalorian.” Disney The Walt Disney Company‘s new theatrical slate unveiled Friday will feature the dynamic duo of the Mandalorian and Grogu, a fifth “Toy Story” film and another “Tron” flick before the…
Ford to delay all-electric SUV to focus on hybrid vehicles
A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters DETROIT – Ford Motor is delaying production of a new…
Retailers like Peloton, Saks, Express are late on vendor bills
In the months before Bed Bath & Beyond declared bankruptcy last April, the former home goods titan was trapped in a crushing cycle. The retailer had been failing to pay its vendors on time, if at all. During the pivotal…
Levi Strauss (LEVI) earnings Q1 2024
Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first-quarter earnings. In…
Nelson Peltz loses proxy fight
(L to R) Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Drew…
Vanguard voting for Iger over Peltz in Disney proxy fight: report
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed attraction at Shanghai Disney Resort on December 19, 2023 in Shanghai, China. Visual China Group | Getty Images Disney’s largest shareholder,…
GM first-quarter U.S. vehicle sales fall 1.5%
The 2024 Buick Envista. GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit…
Warner Bros. directors Miron, Newhouse resign after antitrust probe
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, on May 2, 2023. Alyssa Pointer | Reuters…
Target, Kohl’s, TJX could benefit
Macy’s hasn’t yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity. In recent interviews with CNBC, Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury said the department store’s decision to shrink its…
BJ’s Wholesale, Costco and Sam’s rival, will open clubs in Southeast
A BJ’s Wholesale Club is shown in Falls Church, Virginia, May 23, 2023. Win Mcnamee | Getty Images BJ’s Wholesale Club said Wednesday that it will open four clubs in the Southeast and one in the Midwest this year, as…
Largest U.S. sportsbooks join forces to tackle problem gambling
Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem gamblers. The seven operators — FanDuel, DraftKings, BetMGM, Penn Entertainment,…
Hyundai may add hybrid production to $7.6 billion Georgia plant
Hyundai CEO Jae Hoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce…
Novo Nordisk’s Ozempic can be made for less than $5 a month: study
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. Lee Smith | Reuters The blockbuster diabetes drug Ozempic could be manufactured for less than $5 a month, even as Novo Nordisk…
Home Depot acquiring SRS Distribution for $18.25 billion to grow pro sales
Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement…
Walgreens (WBA) earnings Q2 2024
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street’s expectations, but…
Toyota weighing electric, plug-in Tacoma and Tundra pickups
2024 Toyota Tacoma Trailhunter Toyota NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. Jack Hollis, executive vice president of…
Wealth of the 1% hits a record $44 trillion
Martin Puddy | Digitalvision | 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. The…
Moderna moves three vaccines into final stage trials
Nikos Pekiaridis | Lightrocket | Getty Images Moderna has more to offer beyond its Covid vaccine. The biotech company Wednesday announced positive clinical trial data on three experimental vaccines against other viruses. The company is moving those shots to final…
Altimmune weight loss drug minimized muscle mass loss in trial
Daniel Grill | Tetra Images | Getty Images Altimmune on Wednesday said its experimental drug helped patients shed weight, but also minimized the loss of muscle mass in a mid-stage trial, a finding that could potentially set it apart in…
FDA approves Merck drug sotatercept for rare, deadly lung condition
The Food and Drug Administration on Tuesday approved a drug from Merck designed to treat a progressive and life-threatening lung condition in a win for both the drugmaker and for patients suffering from the rare disease. The agency greenlighted the…
Hyundai’s Genesis previews all-electric SUV concept, the Neolun
Genesis Neolun Concept Genesis NEW YORK – Hyundai’s Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun. The full-size SUV features a sleek exterior design illuminated by long…
Amgen aims to enter weight loss drug market with a new approach
The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images Amgen is taking a new approach as it tries to stand out in a crowded field of drugmakers racing…
Boeing CEO to step down as 737 Max crisis weighs on aerospace giant
Boeing CEO Dave Calhoun speaks to reporters as he departs from a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Anna Moneymaker | Getty Images Boeing CEO Dave Calhoun will…
BYD Seagull EV puts global auto execs, politicians on edge
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images LIVONIA, Mich. – A small electric vehicle…
NBC Paris Olympics opening ceremony to play on IMAX
A view shows the logo of the Paris 2024 Olympic and Paralympic Games, in Paris, France, March 19, 2024. Benoit Tessier | Reuters Many of the world’s greatest athletes will make their big-screen debut in IMAX theaters this summer. NBC…
Fanatics fires back at DraftKings’ claims of corporate espionage
Fanatics founder and CEO Michael Rubin at his office in New York. The Washington Post | Getty Images Sports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in an ongoing legal fight over Fanatics’ hiring of a top…
The U.S. is the top country for millionaires and billionaires
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. has rapidly overwhelmed China as the…
Lululemon (LULU) earnings Q4 2023
Shares of Lululemon plunged on Friday after the athletic apparel retailer issued disappointing guidance and said it’s seeing soft sales in the U.S., its largest market. The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that…
Chrysler parent Stellantis laying off 400 salaried U.S. workers
The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images DETROIT — Stellantis is laying off roughly 400 salaried employees in the U.S….
Nike (NKE) earnings Q3 2024
Nike‘s China sales continued to slow during its holiday quarter, but the retailer beat estimates on the top and bottom line, helped by better than expected growth in North America and price changes. Here’s how the company performed in its…
Target doubles bonuses for salaried employees as profits recover
A Target store in New York, US, on Monday, March 4, 2024. Shelby Knowles | Bloomberg | Getty Images Target will double its bonus payments to salaried employees this year, as the big-box retailer’s profits recover from a bumpy nearly…
JetBlue cuts routes spanning LAX, South America
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. Joe Raedle | Getty Images JetBlue Airways told staff on Tuesday that it is culling a host of…
Sotheby’s holds sports auctions with Jordan, Ali, Kobe items
Michael Jordan’s game-worn Air Jordan 11s. Worn during Game 5 of the 1996 NBA Finals. Photo: Sotheby’s Sotheby’s is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in…
Nordstrom reportedly trying to go private
Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares closed 9% higher on Tuesday following a report that the department store…
George Lucas backs Disney CEO Bob Iger in Nelson Peltz proxy fight
Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz. Lucas, who received 37.1 million Disney shares as part of Disney’s…
Audi reveals all-electric Q6 e-tron SUV, its first next-generation EV
The Audi SQ6 e-tron SUV. Audi Audi on Monday revealed its new all-electric Q6 e-tron SUV, the first production vehicle on its next-generation electric vehicle architecture. The Volkswagen-owned luxury carmaker says the new “Premium Platform Electric” opens up new levels…
UAW says VW workers at Tennessee plant file for union election
A Volkswagen EV ID.4 crossover at the Volkswagen of America plant in Chattanooga, Tenneessee, on June 8, 2022. Michael Wayland | CNBC DETROIT — Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations…
Wall Street isn’t happy Kevin Plank is returning as Under Armour CEO
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Wall Street is not pleased that Under Armour founder Kevin Plank is returning as its CEO. Shares of the…
Women’s sports executives weigh in on parity, media and NIL
Guard Caitlin Clark #22 of the Iowa Hawkeyes listens as the crowd cheers after breaking the NCAA women’s all-time scoring record during the game against the Michigan Wolverines at Carver-Hawkeye Arena on February 15, 2024 in Iowa City, Iowa. Matthew…
Wegovy heart health approval won’t mean broad insurance coverage yet
Victoria Klesty | Reuters In the U.S., Wegovy is no longer just for weight loss. The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in…
Beyoncé’s country songs are boosting streams for Black artists
Beyonce leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on February 13, 2024 in New York City. James Devaney | GC Images | Getty Images Country music, meet Cowboy Carter. Superstar singer-songwriter Beyoncé…
Online marketplaces can do more to stop crime
Read CNBC’s full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens. Faced with sophisticated organized retail crime rings that investigators say have targeted his…
FDA approves NASH liver disease drug from Madrigal Pharmaceuticals
In this photo illustration, the Madrigal Pharmaceuticals logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images The Food and Drug Administration on Thursday approved the first-ever treatment for a common and potentially…
Inside organized crime rings targeting retailers Ulta, TJX, Walgreens
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an empire. Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics…
Dick’s Sporting Goods (DKS) earnings Q4 2023
Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. The company’s shares jumped more than 15% in intraday trading. CEO Lauren Hobart…
Eli Lilly taps Amazon Pharmacy to help deliver Zepbound, other drugs
Close-up of a hand holding a cellphone displaying the Amazon Pharmacy system, Lafayette, California, September 15, 2021. Smith Collection | Gado | Getty Images Eli Lilly on Wednesday said Amazon Pharmacy will help send certain prescription drugs, including the red-hot…
EV euphoria is dead. Automakers trumpet consumer choice in U.S.
Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment | Getty Images DETROIT — The buzz around…
GM hires ex-Tesla, Google exec to lead manufacturing
General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo…
Airbus widens aircraft delivery lead
A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing handed over 27 airplanes to its customers last month as it continues to struggle with quality…
McDonald’s, Portillo’s, Dutch Bros. open restaurants in the Sun Belt
A Portillo’s Beef Bus in Kissimmee, Florida. Source: Portillo’s When Chicago-based Portillo’s enters a new market, it sends its “Beef Bus” ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to…
How NWSL Commissioner Jessica Berman led the league out of crisis
Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women’s professional soccer at the Hilton Anatole in Dallas on Feb. 10, 2024. Omar Vega | Getty Images Sport | Getty Images At 16 years old,…
GM cuts Chevy Blazer EV price as sales restart after software issues
The Chevrolet All-Electric Blazer EV. Scott Mlyn | CNBC DETROIT — General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to…
Pfizer is betting big on cancer drugs after Covid decline
Nurphoto | Nurphoto | Getty Images Pfizer is ready to move on from Covid. Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid…
Terran Orbital CEO ‘looking at everything’ after Lockheed Martin takeover bid
Satellite manufacturer Terran Orbital is “looking at everything” regarding the company’s future, CEO Marc Bell told CNBC, as it considers Lockheed Martin’s acquisition offer. “We found out about [Lockheed’s takeover bid] when the rest of the world found out about…
Dodge Charger EV, gas-powered muscle car revealed
2024 Dodge Charger Daytona Scat Pack EV Dodge DETROIT — Dodge won’t abandon its traditional, gearhead, high-octane Charger and Challenger owners with its next-generation muscle car. The automaker on Tuesday revealed the new Dodge Charger as an all-electric vehicle as…
Novo Nordisk Wegovy approved for cutting heart disease risks
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters The Food and Drug Administration on Friday approved Novo Nordisk‘s blockbuster weight loss drug Wegovy for…
Eli Lilly Alzheimer’s drug FDA approval delayed
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.’s shares climbed in early US trading after its experimental drug for Alzheimer’s slowed the progress of the disease in a final-stage trial, paving the…
Costco (COST) Q2 2024 earnings
Mandel Ngan | Afp | Getty Images Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Shares of the retailer fell about 4% in aftermarket trading. The retailer’s…
Cigna to cap insurance spending
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters Cigna on Thursday said it will limit how much health plans and employers spend on weight…
Why private equity has been involved in every recent bank deal
Federal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, D.C., on Dec….
Foot Locker (FL) earnings Q4 2023
Shares of Foot Locker fell more than 20% on Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance for the current year and said it’s behind on meeting its financial goals. Given how poorly its past fiscal…
Nordstrom (JWN) earnings Q4 2023
Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom’s holiday-quarter sales topped Wall Street’s expectations on Tuesday, but the retailer gave a muted…
Target launches paid membership Target Circle 360
A customer shops for holiday gifts in a Target store on December 21, 2023 in Austin, Texas. Brandon Bell | Getty Images Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of…
JetBlue-Spirit Airlines merger called off
JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. The CEOs of the two carriers cited regulatory hurdles in ending their merger agreement. A federal…
American Airlines orders hundreds of planes from Boeing, Airbus, Embraer
American Airlines flight 718, a Boeing 737 Max, takes of from Miami International Airport on its way to New York on December 29, 2020 in Miami, Florida. Joe Raedle | Getty Images American Airlines said Monday that it is ordering…
Legion M taps fans, investors to make movies
William Shatner attends the William Shatner handprint ceremony hosted by Legion M during 2022 Comic-Con International: San Diego at Theatre Box on July 21, 2022 in San Diego, California. Emma Mcintyre | Getty Images When Paul Scanlan and Jeff Annison…
Viking Therapeutics emerges as competitor
Cr | Istock | Getty Images Biotech company Viking Therapeutics has emerged as a strong potential entrant — or takeover target — in the budding weight loss drug market. Viking is just one of several companies racing to join the…
Boeing in talks to buy back fuselage maker Spirit Aerosystems
Airplane fuselages bound for Boeing’s 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Nick Oxford | Reuters Boeing is in talks to buy back Spirit AeroSystems,…
Upstart airlines Avelo, Breeze prepare for a profitable year
The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images In the nearly four…
NASA shuts down Maxar-led OSAM-1 satellite refueling project
A “grapple test” of the OSAM-1 spacecraft’s robotic servicing arm. NASA NASA is shutting down a $2 billion project to test satellite refueling in space, it announced Friday, after the agency’s auditor criticized the program’s lead contractor, Maxar, citing “poor…
Major League Pickleball and PPA Tour complete merger
Lacy Schneemann of the Florida Smash returns a shot during a group play Major League Pickleball match against BLQK at Pickle & Chill in Columbus, Ohio, on Oct. 15, 2022. Emilee Chinn | Getty Images Major League Pickleball and the…
Christie’s sells Rothko painting for $100 million in a secret sale
Christie’s auction house in New York. CNBC A version of this first article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction…
Best Buy (BBY) earnings Q4 2024
Best Buy surpassed Wall Street’s revenue and earnings expectations for the holiday quarter on Thursday, even as the company navigated through a period of tepid consumer electronics demand. But as the retailer warned of another year of softer sales, it…
Paramount Global (PARA) earnings Q4 2023
Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+. Here’s how Paramount performed in the fourth quarter compared to Wall Street estimates from…
TJX Companies (TJX) earnings Q4 2024
TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Despite the strong quarter and end to its fiscal year, the company issued guidance that came in light of Wall Street’s…
Rocket Lab (RKLB) Q4 2023 results: Contract backlog grows
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its…
Macy’s will close 150 stores, open new Bloomingdale’s, Bluemercury
People shop at the Macy’s Herald Square store in New York City, Jan. 19, 2024. Michael M. Santiago | Getty Images News | Getty Images As Macy’s chases sales growth, the department store operator said Tuesday that it will close…
Altice USA shares rise on Charter acquisition report
Igor Golovniov | Lightrocket | Getty Images Altice USA shares spiked 36% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense…
First images from Intuitive Machines’ Odysseus
Intuitive Machines CEO Steve Altemus explains how the company’s IM-1 lander tipped over on the moon’s surfacing during a NASA press conference on Feb. 22, 2023. NASA TV Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s…
Sickle cell disease gene therapies Casgevy Lyfgenia insurance cost issues
The approval of two gene therapies to treat sickle cell disease has given hope to patients who suffer from the debilitating disease, which overwhelmingly affects Black people and people of color. Health officials now face a challenge in finding a…
Inflation vs. deflation: Retailers fear falling prices
A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty Images…
Warner Bros. Discovery hypes free cash flow. Investors don’t buy it
The “Bobs” from the film Office Space Source: 20th Century Fox | YouTube Listening to Warner Bros. Discovery Chief Executive Officer David Zaslav speak on Friday’s fourth-quarter earnings calls, I couldn’t help but think of a scene in the movie…
Why airlines are raising baggage fees and charging more at the airport
Travelers arrive for flights at O’Hare International Airport in Chicago on March 16, 2021. Scott Olson | Getty Images News | Getty Images Airlines are raising their prices to check a bag — again. Just how much you it will…
Warner Bros. Discovery (WBD) earnings Q4 2023
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, on May 2, 2023. Alyssa Pointer | Reuters…
Intuitive Machines stock (LUNR) jumps after Odysseus moon landing
Intuitive Machines’ Nova-C lunar lander on display at NASA’s Marshall Space Flight Center. NASA Shares of Intuitive Machines jumped in early trading on Friday after the company’s successful first moon landing. Intuitive Machines’ cargo moon lander, “Odysseus,” became the first…
Intuitive Machines Odysseus lands on moon in historic NASA mission
The IM-1 lander “Odysseus” in lunar orbit on Feb. 21, 2024. Intuitive Machines A U.S. company has gone to the moon – and into the history books. Intuitive Machines IM-1 mission reached the moon’s surface on Thursday evening, in the…
Tax evasion by wealthiest Americans tops $150 billion a year: IRS
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service. The…
Boeing replaces head of troubled 737 Max program
A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing’s factory in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty Images Boeing is replacing the head of its 737…
Beyond Meat launches new, healthier version of burger
The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodium Source: Beyond Meat Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version…
What are the common applications of marine grade 316 stainless steel?
What are the common applications of marine grade 316 stainless steel? Marine grade 316 stainless steel stands out as a resilient and versatile alloy, finding its niche across a spectrum of applications within maritime industries and beyond. Renowned for its…
FuboTV sues Disney, Fox, Warner Bros. over sports joint venture
Sports streaming platform FuboTV is suing Disney, Fox and Warner Bros. Discovery over their recently announced joint venture, citing what the company calls “extreme suppression of competition in the U.S. sports-focused streaming market,” according to a copy of the lawsuit…
Intuitive Machines (LUNR) stock surges as lander approaches the moon
The company’s IM-1 mission lander shortly after launching on Feb. 15, 2024. Intuitive Machines Shares of Intuitive Machines jumped for a third consecutive trading session as the company’s first mission completed further milestones as it approached the moon. In a…
So erstellen Sie Neonbuchstaben in Photoshop
So erstellen Sie Neonbuchstaben Der erste Schritt beim Erstellen von Neonbuchstaben ist die Auswahl einer interessanten Schriftart. Glücklicherweise können Sie in der Letters-App, die professionell gestaltete Schriftarten und Vorlagen enthält, leicht Schriftarten finden, die Ihrem Schriftzug einen Glanz verleihen. Mit…
Mortgage rates shoot to 2-month high after hot inflation report
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent…
Disney star Bridgit Mendler launches satellite startup Northwood Space
Actress and singer Bridgit Mendler attends NBCUniversal’s after party for the 72nd annual Golden Globes Awards at The Beverly Hilton hotel in Beverly Hills, California, on Jan. 11, 2015. Paul Archuleta | Filmmagic | Getty Images Bridgit Mendler is no…
Intuitive Machines (LUNR) stock jumps after moon mission update
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said…
Companies make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans…
UAW threatens to strike Ford Kentucky Truck Plant over local demands
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers is threatening a labor strike at Ford Motor’s largest U.S….
Future of retail predictions
Illustration by Christina Locopo Retail has seen unprecedented upheaval over the last several years. Some of the industry’s key decision-makers expect even more evolution ahead. Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess…