adminFDA 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…
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…
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…
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…
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…
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…
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…
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.…
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…
Chipotle Mexican Grill (CMG) Q1 2024 earnings
The logo of Chipotle Mexican Grill is seen in Manhattan, New York. Shannon Stapleton | Reuters Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by…
Boeing (BA) earnings Q1 2024
An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters Boeing’s quarterly report…
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…
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…
UAW VW organizing drive: What investors should know
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United…
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…
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…
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…
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…
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…
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…
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…
Netflix (NFLX) earnings Q1 2024
Rafael Enrique | Lightrocket | Getty Images LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. Here are the results: Earnings…
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…
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…
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…
Planet Fitness names new CEO, shares fall
A portrait of Colleen Keating. Courtesy of Planet Fitness Planet Fitness announced Tuesday that Colleen Keating will take over as the fitness club’s new CEO, effective June 10. Craig Benson,…
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…
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…
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…
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…
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…
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…
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…
StubHub eyes summer IPO, seeks $16.5 billion valuation
The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is eyeing a summer initial public offering, a person familiar…
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…
Why car insurance costs are skyrocketing, leading to higher inflation
RobertCrum | Getty Images DETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs…
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…
How much does a South of France boat charter typically cost?
South of France boat charter When it comes to the perfect yacht charter holiday, few places match France. Whether you are looking to enjoy the iconic Riviera or the stunning…
Macy’s settles proxy fight with activist Arkhouse, adds two directors
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Wednesday said it settled its proxy fight with real estate investor Arkhouse,…
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…
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…
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…
Solar eclipse flights swarm small airports
General view of the sunset on the boardwalk ahead of this Monday’s eclipse on April 07, 2024 in Mazatlan, Mexico. Hector Vivas | Getty Images Monday’s solar eclipse is giving…
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…
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…
‘Mandalorian & Grogu,’ ‘Toy Story 5,’ and another ‘Tron’
The Mandalorian and the Child (Grogu) on Disney+’s “The Mandalorian.” Disney The Walt Disney Company on Friday revealed its new theatrical schedule, which will feature a film about the Mandalorian…
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…
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…
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…
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…
Paramount stock slumps on reports of equity raise for merger
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to…
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,…
Shareholders vote on Nelson Peltz and Bob Iger
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders…
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,…
High cost of upgrading to a nicer home is locking up the market
The spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but…
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…
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…
Ford Mustang has opportunity as competitors abandon V8 engines
2024 Ford Mustang Source: Ford DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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. …
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…
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…
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…
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…
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…
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…
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…
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,…
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%…
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…
Where cracks in the banking sector may appear without more M&A
The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has slowed to a…
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,…
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…
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…
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…
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…
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…
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 |…
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…
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…
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…
More charity money comes from ultra-wealthy
Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa. Brenton Geach | Gallo Images | Getty…
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…
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…
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…
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…
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…
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 |…
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…
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…
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…
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…
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…
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…
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…
NYCB lost 7% of deposits in past month, slashes dividend to 1 cent
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary…
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…
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…
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…
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…
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…
Ford February sales jump 10.5%, led by gains in hybrids and EVs
A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT…
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…
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…
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 |…
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.…
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…
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.…
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…
Best Buy (BBY) earnings Q4 2024
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy surpassed Wall Street’s revenue and earnings expectations for the…
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…
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…
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…
Cava stock pops after blunder leads to early earnings release
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York…
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…
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’…
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…
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…
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…
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…
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 16% in trading Friday after the company’s successful first moon landing.…
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 their strike against the Alliance of Motion Pictures and Television Producers, in…
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…
Existing home sales rose 3% in January 2024
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to…
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 |…
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…
What are the typical load-bearing capacities of cable railing hardware?
What are the typical load-bearing capacities of cable railing hardware? Cable railing hardware has emerged as a popular choice for modern architectural designs, offering both aesthetic appeal and structural functionality…
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.…
AbbVie taps Robert Michael as CEO, succeeding Richard Gonzalez
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021. Dado Ruvic | Reuters AbbVie on Tuesday said longtime executive Robert…
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…
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…
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…
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…
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…
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,…
Carl Icahn wins seats on JetBlue board after taking stake in airline
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Carl Icahn won…
Nike to lay off 2% of employees, cutting more than 1,500 jobs
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its…
DraftKings posts 44% revenue growth, but falls short of estimates
In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed…
Intuitive Machines first moon mission begins after SpaceX launch
A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024…
Varda drug spacecraft gets FAA approval to return
Varda’s first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its…
Molson Coors gains market share as consumers shift away from Bud Light
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Brewer Molson Coors said on Tuesday that it expects…
Flights attendants push airlines for higher wages
CHICAGO, ILLINOIS – JANUARY 24: American Airlines workers picket at O’Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional…
Paramount Global lays off 800 employees after record Super Bowl ratings
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount Global is…
Tiger Woods, TaylorMade sign apparel deal following his Nike split
Tiger Woods and TaylorMade have made it official. The golf great has agreed to create a new apparel and footwear performance and lifestyle brand with the Carlsbad, California company following…
Temu returns to Super Bowl 58 with new commercial
Jakub Porzycki | Nurphoto | Getty Images Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl…
Super Bowl commercials 2024: Live updates
Kansas City takes the lead Kansas City took the lead for the first time after Patrick Mahomes found a wide open Marquez Valdes-Scantling to go ahead 13-10. A muffed punt…
Travelers increasingly turn to taking Amtrak trains over flights
Amtrak trains travel through Washington, DC, on September 15, 2022. Stefani Reynolds | AFP | Getty Images As domestic travel rebounds from pandemic lows and prices soar, some travelers opting…
Novo Nordisk, Eli Lilly are tackling supply issues
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 insatiable demand for weight loss…
Florida mansion is most expensive U.S. home for sale at $295 million
The main house at Gordon Pointe spans 11,500 sq ft. The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as…
Delta to open new tier of premium airport lounges this year
Delta’s new Sky Club airport lounge at New York’s John F. Kennedy International Airport. Leslie Josephs/CNBC Delta Air Lines‘ popular airport lounges are getting a more exclusive tier, in the…
PepsiCo (PEP) Q4 2023 earnings
Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo on Friday reported mixed quarterly…
Wall Street misunderstands new sports joint venture
EW Scripps CEO Adam Symson Source: EW Scripps Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney, Warner Bros. Discovery…
Under Armour (UAA) earnings Q3 2024
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour said Thursday that its holiday-quarter sales slowed,…
Nelson Peltz isn’t abandoning proxy fight
Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC’s Andrew Ross Sorkin on July 17, 2013 in New York. Heidi Gutman | CNBC, NBCU Photo Bank,…
Yum Brands (YUM) Q4 2023 earnings
KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported…
ESPN, Fox, Warner Bros. to launch joint sports streaming platform
A FOX Sports TV camera operator during the week 5 NFL game between the Atlanta Falcons and the Carolina Panthers at Mercedes-Benz Stadium on October 11, 2020 in Atlanta, Georgia.…
Eli Lilly (LLY) earnings Q4 2023
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Brendan McDermid | Reuters Eli Lilly on Tuesday reported fourth-quarter revenue…
McDonald’s and Starbucks blame Israel-Hamas war for slower sales
People dit at McDonald’s outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images McDonald’s…
McDonald’s (MCD) Q4 2023 earnings
Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s reported mixed quarterly results Monday as…
Macy’s CEO Tony Spring takes over for Jeff Gennette
Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February…
McDonald’s launches ‘Best Burger’ ahead of earnings report
A man drinks a coke and eats a Big Mac at a McDonald’s in Cologne, Germany, on May 25, 2015. Oliver Berg | picture alliance | Getty Images McDonald’s has…
LVMH luxury watches at Watch Week in Miami
Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales…
Why Shari Redstone needs the right deal
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and…
Barington pushes Mattel to fix or sell off American Girl, Fisher-Price
The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023. Patrick…
Bristol Myers Squibb (BMY) Q4 earnings report 2023
Bristol Myers Squibb reported quarterly earnings and revenue that topped expectations on Friday as its portfolio of new drugs posted strong sales growth. Here’s what the company reported for the…
(AS) starts trading on NYSE
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic…
Peloton (PTON) earnings Q2 2024
Peloton managed to turn a gross profit off of its pricey connected fitness products for a second quarter in a row, but the company said Thursday it expects more challenges…
Paramount bidder Byron Allen has long history of failed media bids
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon |…
Boeing (BA) Q4 2023 earnings
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images Boeing narrowed its losses at the end of last year but…
Starbucks (SBUX) Q1 2024 earnings
A Starbucks coffee cup sits on a table at one of the coffee chain’s locations in Miami, Florida, on June 11, 2021. Joe Raedle | Getty Images News | Getty…
General Motors (GM) earnings Q4 2023
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT —…
Retail return fraud is rising as consumers send back holiday purchases
As retailers tried to win shoppers and boost sales in recent years, they made their online return policies more lenient than ever. But those changes have come at a cost.…
Arkhouse Macy’s take-private financing is in place, Kahane says
Arkhouse has the financing in place to take Macy’s private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into…
Big pharma Merck, Bristol Myers, J&J prepare to lose revenue
The New York Stock Exchange welcomes Johnson & Johnson (NYSE: JNJ) to the podium. NYSE Big pharmaceutical companies such as Bristol Myers Squibb, Merck and Johnson & Johnson face a…
Levi Strauss plans to cut at least 10% of corporate workforce
Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss will lay off at least 10% of its global corporate…
Why kids streaming content is vital to subscriber growth
Tinky-Winky, Laa-Laa, Dipsy and Po pose for a photo as the Teletubbies celebrate their 25th anniversary with the Lighting of the Iconic Empire State Building on April 26, 2022 in…
Three space companies at risk of running out of cash
A view from onboard the upper stage of rocket LV0009 during the company’s livestream on March 15, 2022. Astra / NASASpaceflight The space sector’s on the tail end of a…
Merck, J&J CEOs agree to testify in Senate hearing on drug prices
Sen. Bernie Sanders, I-Vt., holds his news conference with Sen. Ed Markey, D-Mass., in the Capitol on Thursday, January 25, 2024, on issuing subpoenas for pharmaceutical company CEOs to testify…
GM Cruise probe finds poor leadership at center of accident response
Chevrolet Cruise autonomous vehicles sit parked in a lot in San Francisco, June 8, 2023. Justin Sullivan | Getty Images News | Getty Images Culture issues, ineptitude and poor leadership…
WWE boss Vince McMahon sued over alleged sexual assault, trafficking
TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne “The Rock” Johnson has joined the Board of Directors for TKO at New York Stock…
Hamptons La Dune mansion once listed for $150 million sells at auction
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as…
UAW union endorses Biden over Trump in 2024 election
President Joe Biden celebrates with United Auto Workers President Shawn Fain after Fain and the UAW endorsed Biden for president at a Community Action Program legislative conference in Washington, Jan.…
FAA chief vows ‘boots on ground’ to get quality control
Michael Whitaker, nominee to be the next administrator of the Federal Aviation Administration (FAA), testifies during a Senate Committee on Commerce, Science, and Transportation hearing on Capitol Hill October 4,…
Netflix (NFLX) earnings Q4 2023
LOS ANGELES — Shares of Netflix jumped in extended trading Tuesday after the company reported adding 13.1 million subscribers during the fourth quarter, stronger growth than Wall Street expected as…
Oatly, Carvel ice cream partnership boosts stock
Containers of Oatly frozen desserts are displayed on a shelf at a Whole Foods store in San Rafael, California, on Nov. 15, 2021. Justin Sullivan | Getty Images Oatly and…
United Airlines (UAL) Q4 2023 earnings
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019. Justin Sullivan | Getty Images United Airlines on Monday forecast a first-quarter…
Home goods retailer to cut 1,650 employees
Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs…
Shoppers deal with holiday debt
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images When she started shopping for the holidays late last year, Kelly Andersen was struggling…
Nelson Peltz outlines plans for Disney proxy battle
Activist investor Nelson Peltz. David A. Grogan | CNBC Disney and its investors are going to start hearing a lot from activist investor Nelson Peltz. In the coming weeks, Peltz’s…