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   NEWS: CNBC BUSINESS
CNBC Business
Apr 18, 2024

Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
Netflix will no longer report its quarterly subscriber additions, a sign that the benefits of its password-sharing crackdown may be ending.

CNBC Business
Apr 18, 2024

Nordstrom family tries again to take department store private, forms special committee
The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.

CNBC Business
Apr 18, 2024

Mortgage rates are now at the highest level of the year, and could still climb
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.

CNBC Business
Apr 18, 2024

Netflix blows past earnings estimates as subscribers jump 16%
Netflix said its subscribers grew 16% to 269.6 million, but said it would no longer regularly report the metric starting next year.

CNBC Business
Apr 18, 2024

Mortgage rates are now at the highest level of the year, and could go even higher
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.

CNBC Business
Apr 18, 2024

NBA's exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal
The NBA's exclusive window with incumbent media partners Disney and Warner Bros. Discovery will expire April 22 without a signed deal, according to sources.

CNBC Business
Apr 18, 2024

Netflix is set to report earnings - here's what Wall Street expects
Netflix's main focus recently has been on juicing profits, not necessarily growing its subscriber count.

CNBC Business
Apr 18, 2024

U.S. tech CEOs give India PM Modi boost ahead of election
India's Narendra Modi has been courting U.S. tech company leaders like Elon Musk and Tim Cook ahead of the country's national elections.

CNBC Business
Apr 18, 2024

March homes sales dropped despite a surge in supply. Here's why.
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.

CNBC Business
Apr 18, 2024

Billionaire Kam Ghaffarian sets his sights on the stars with a range of space companies
Ghaffarian has been instrumental in ushering in the new space economy, with leadership roles at Intuitive Machines, Axiom Space, Quantum Space and X-Energy.

CNBC Business
Apr 18, 2024

Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.

CNBC Business
Apr 17, 2024

Airline executives predict a record summer and even more demand for first class
Delta and United executives have forecast record demand this spring and summer with even more travelers booking in higher classes.

CNBC Business
Apr 17, 2024

United Airlines jumps 17% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 17, 2024

Boeing faces scrutiny in Senate hearings over aircraft safety and quality
A Boeing whistleblower testified in a hearing Wednesday about safety concerns related to two of the company's aircraft.

CNBC Business
Apr 17, 2024

Vince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO
McMahon resigned as executive chairman of the WWE earlier this year after a former employee, Janel Grant, accused him of sexual abuse and trafficking.

CNBC Business
Apr 17, 2024

Most doses of Eli Lilly's Zepbound, Mounjaro in short supply through June, FDA says
The insatiable demand for weight loss and diabetes drugs is still trouncing supply, even as Eli Lilly and Novo Nordisk work to increase production capacity.

CNBC Business
Apr 17, 2024

United Airlines jumps more than 13% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 17, 2024

Comcast launches prepaid and month-to-month internet and phone plans
Comcast announced Wednesday it is launching NOW, a new prepaid and month-to-month streaming and phone plan aimed at lower-income customers.

CNBC Business
Apr 17, 2024

United Airlines jumps more than 10% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 17, 2024

Eli Lilly's weight loss drug Zepbound shows promise as a sleep apnea treatment in late-stage trials
The pharmaceutical giant plans to present the trial data at an upcoming medical conference and submit them to the U.S. Food and Drug Administration mid-year.

CNBC Business
Apr 17, 2024

Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.

CNBC Business
Apr 16, 2024

United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 16, 2024

Planet Fitness shares fall as company announces new CEO
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.

CNBC Business
Apr 16, 2024

Republican governors from six states condemn UAW campaigns, citing potential for layoffs
The joint statement was signed by governors in Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas.

CNBC Business
Apr 16, 2024

Planet Fitness shares fall as company announces new CEO, though analysts see upside
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.

CNBC Business
Apr 16, 2024

South Carolina coach Dawn Staley says women's basketball will get 'better and better'
South Carolina coach Dawn Staley said women's basketball will only get bigger after her team's undefeated season and Caitlin Clark's record-breaking run.

CNBC Business
Apr 16, 2024

TGI Fridays to go public through merger with its U.K. franchisee
The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."

CNBC Business
Apr 16, 2024

Morgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

CNBC Business
Apr 16, 2024

Volkswagen union vote in Tennessee to test UAW's power after victories in Detroit
Union voting for more than 4,000 eligible VW workers will begin Wednesday and end at 8 p.m. EDT on Friday.

CNBC Business
Apr 16, 2024

Morgan Stanley is about to report first-quarter earnings
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

CNBC Business
Apr 16, 2024

Bank of America tops estimates on better-than-expected interest income, investment banking
Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?

CNBC Business
Apr 16, 2024

Johnson & Johnson tops quarterly profit estimates as medical device sales jump
The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.

CNBC Business
Apr 15, 2024

Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
A whistleblower alleged that Boeing's 787 and 777 models have structural flaws

CNBC Business
Apr 15, 2024

Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers
Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative.

CNBC Business
Apr 15, 2024

UnitedHealth's first-quarter report will offer a window into Change cyberattack costs
The financial impact of the Change Healthcare cyberattack is expected to weigh on UnitedHealth Group's first-quarter results.

CNBC Business
Apr 15, 2024

Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but a turnaround appears to be underway, fueled by a rebound in Wall Street activities.

CNBC Business
Apr 15, 2024

World's busiest airports show surge in international travel. Here are the rankings
Airports from Tokyo to London logged big increases in travelers in 2024.

CNBC Business
Apr 15, 2024

State tax officials are using AI to go after wealthy payers
New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.

CNBC Business
Apr 15, 2024

Goldman Sachs reports earnings before market open — here's what the Street expects
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but hope is building for a turnaround.

CNBC Business
Apr 13, 2024

Why Hawaii is becoming a leader in U.S. EV adoption
As the move to all-electric vehicles is occurring more slowly than many expected in the U.S., a growing leader in EV adoption is Hawaii.

CNBC Business
Apr 13, 2024

Macy's proxy fight is over, but the battle for the department store's future wages on
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.

CNBC Business
Apr 12, 2024

StubHub eyes summer IPO, seeks $16.5 billion valuation
StubHub is eyeing a summer initial public offering and the online ticketing service is aiming for a valuation of at least $16.5 billion.

CNBC Business
Apr 12, 2024

Nike CEO blames remote work for innovation slowdown, saying it's hard to build disruptive products on Zoom
Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying it's tough to build disruptive products on Zoom.

CNBC Business
Apr 12, 2024

Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Nike CEO John Donahoe acknowledged that the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own stores and website.

CNBC Business
Apr 12, 2024

EU probe of weight loss and diabetes drugs like Wegovy, Ozempic finds no link to suicidal thoughts
The review examined several drugs from Novo Nordisk, including Wegovy, Ozempic, Rybelsus, and Saxenda, but did not include Eli Lilly's Zepbound and Mounjaro.

CNBC Business
Apr 12, 2024

JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.

CNBC Business
Apr 12, 2024

NIL-era college athletes navigate new realm of financial literacy
"All of the issues that pro athletes have dealt with for years are now going downstream," said former NFL player Brandon Copeland.

CNBC Business
Apr 12, 2024

Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.

CNBC Business
Apr 12, 2024

JPMorgan Chase tops estimates on better-than-expected credit costs, trading revenue
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.

CNBC Business
Apr 12, 2024

JPMorgan Chase tops expectations on trading results, lower-than-expected credit costs
JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.

CNBC Business
Apr 12, 2024

JPMorgan Chase is set to report first-quarter earnings — here's what the Street expects
JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.

CNBC Business
Apr 11, 2024

Ford prepares to resume F-150 Lightning shipments, drops prices on some models
The included models are expected to ship later this month for between $2,000 and $5,500 less than before the automaker halted shipments.

CNBC Business
Apr 11, 2024

Ohtani translator accused of stealing $16 million from Dodgers star
Ippei Mizuhara has been the subject of an investigation surrounding millions of dollars in wire transfers from Ohtani's bank account.

CNBC Business
Apr 11, 2024

Why car insurance costs are skyrocketing and leading to higher inflation
On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.

CNBC Business
Apr 11, 2024

What to expect from bank earnings as high interest rates pressure smaller players
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

CNBC Business
Apr 11, 2024

Moderna halts plans to build Kenya vaccine plant as Covid shot demand plunges
Moderna's decision aligns with its broader effort to cut costs by resizing its Covid vaccine-manufacturing footprint.

CNBC Business
Apr 11, 2024

Buffalo Wild Wings leans into Go takeout format as a third of sales move off premises
The chicken wing category saw its sales surge during the pandemic, and off-premise orders now account for a third of BWW's sales.

CNBC Business
Apr 11, 2024

Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Halio's new role encompasses authority over the firm's more than $1.6 trillion balance sheet. She'll report to Chief Financial Officer Denis Coleman.

CNBC Business
Apr 11, 2024

Denver-Boulder area stakes a claim in space with a burgeoning aerospace industry
The area boasts easy access to industry partnerships as well as Colorado's robust military presence.

CNBC Business
Apr 10, 2024

Sierra Space CEO unveils new satellite product ahead of Dream Chaser launch, possible IPO
CEO Tom Vice tells CNBC that the company's NASA-contracted space plane Dream Chaser is on pace to make its first flight in the fourth quarter.

CNBC Business
Apr 10, 2024

Macy's settles proxy fight with activist Arkhouse, adds two of the firm's nominees as directors
The reshuffle moves Macy's closer to a deal that could take the 165-year-old department store private.

CNBC Business
Apr 10, 2024

Department stores face another squeeze. This time, with store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.

CNBC Business
Apr 10, 2024

Macy's settles proxy fight with activist Arkhouse, adds two directors
US treasury secretary delivers message to vice minister He Lifeng during meetings in Guangzhou

CNBC Business
Apr 10, 2024

Delta forecasts quarterly earnings ahead of expectations, focuses on efficiency as growth steadies
CEO Ed Bastian said hiring has slowed after the company added staff aggressively following the pandemic.

CNBC Business
Apr 10, 2024

The rich are getting second passports, citing risk of instability
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.

CNBC Business
Apr 10, 2024

These 10 retail brands are the fastest growing in the U.S., Yelp says
Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to Yelp.

CNBC Business
Apr 10, 2024

Delta tops quarterly earnings expectations, focuses on efficiency as growth steadies
CEO Ed Bastian said hiring has slowed after the company added staff aggressively following the pandemic.

CNBC Business
Apr 10, 2024

New York Community Bank's online arm is paying the nation's highest interest rate
NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.

CNBC Business
Apr 09, 2024

Toyota's first new 4Runner SUV in 15 years will offer a hybrid engine
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.

CNBC Business
Apr 09, 2024

Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit
Bowlero's former longtime chief information officer wants to sue the company for retaliation and extortion and claims he was fired because of his age.

CNBC Business
Apr 09, 2024

Healthy Returns: J&J cell therapy gains new edge over Bristol Myers rival
J&J's cell therapy is now approved for an earlier line of treatment than a competing drug from Bristol Myers. Meanwhile, a look at Mount Sinai's approach to AI.

CNBC Business
Apr 09, 2024

GM's Cruise to relaunch vehicles with human drivers in Phoenix
GM's Cruise self-driving car unit will relaunch for the first time since October beginning with a small fleet of human-driven vehicles in Phoenix.

CNBC Business
Apr 09, 2024

Barstool's Dave Portnoy won $2.7 million betting on UConn in NCAA men's final
DraftKings reported a record NCAA tournament, with sports betting now legal in 38 states plus Washington, D.C.

CNBC Business
Apr 09, 2024

Boeing's quarterly airplane deliveries drop to 83 amid safety crisis
Boeing's major airline customers have complained that delivery delays have forced them to rethink their growth plans.

CNBC Business
Apr 09, 2024

GM continues reinvention of Buick brand with new Enclave SUV
General Motors has redesigned Buick's flagship Enclave SUV as the latest testament to the automaker's ongoing reinvention of the roughly 125-year-old brand.

CNBC Business
Apr 09, 2024

3G Capital quietly exited its Kraft Heinz investment last year
3G Capital, which helped to engineer the Kraft Heinz merger, had seen its influence at the company wane.

CNBC Business
Apr 09, 2024

Boulder, a natural food haven, fosters a new generation of wellness entrepreneurs
Boulder, Colorado, is a hub for the natural and wellness industry, driven by a culture of healthy living and appreciation for entrepreneurship.

CNBC Business
Apr 09, 2024

Denver and its craft breweries embrace nonalcoholic beer, spirits
The interest is due in part to the active and health-conscious lifestyles of Denver residents, local breweries said.

CNBC Business
Apr 09, 2024

Pfizer's RSV vaccine shows potential to protect high-risk adults ages 18-59, widening possible use
Pfizer plans to file for an expanded approval of Abrysvo, which is currently approved for adults ages 60 and above and expectant mothers.

CNBC Business
Apr 09, 2024

Quantum rush: Denver-Boulder area aims to be the Silicon Valley of the future
The Denver-Boulder region is a leader in the race to develop quantum computers, which have the potential to revolutionize many fields.

CNBC Business
Apr 08, 2024

Iowa-South Carolina NCAA women's final draws record 18.7 million viewers
The growth was driven in part by Caitlin Clark, who has drawn comparisons to some of the sport's greatest of all time, fueling interest in women's basketball.

CNBC Business
Apr 08, 2024

Eclipse flights swarm airports: 'We had to close the runway to park planes'
The Federal Aviation Administration reported ground stops in some small airports near the eclipse's path of totality.

CNBC Business
Apr 08, 2024

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.

CNBC Business
Apr 08, 2024

Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
In his letter to shareholders released Monday, JPMorgan Chase CEO Jamie Dimon chose AI as the first topic among issues facing the biggest U.S. bank by assets.

CNBC Business
Apr 08, 2024

Record levels of funding propel Denver-Boulder to the top of the life sciences market
Denver-Boulder is rapidly becoming a life sciences hub thanks to a surge in funding, research collaborations and lab space.

CNBC Business
Apr 08, 2024

Three booming businesses that make Denver stand out
Denver's economy thrives on a mix of established industries like cannabis and sports, along with unique attractions like Red Rocks Amphitheatre.

CNBC Business
Apr 07, 2024

Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way
Disney's parks unit is thriving as its studio and streaming businesses stagnate, and it's investing in innovations and new attractions.

CNBC Business
Apr 06, 2024

Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up
Year to date, Gatorade is gaining share in every hydration category it has products, according to market research firm Circana.

CNBC Business
Apr 05, 2024

'Mandalorian & Grogu,' 'Toy Story 5,' and another 'Tron' coming to theaters from Disney
Disney has updated its theatrical slate, and alongside the Mandalorian and Grogu film, moviegoers will see a fifth "Toy Story" film and another "Tron" flick.

CNBC Business
Apr 05, 2024

Boeing CEO Calhoun took home $5 million last year, compensation package hit by Max crisis
Boeing's CEO declined to be considered for his 2023 annual bonus, which had a target of $2.8 million the company said.

CNBC Business
Apr 05, 2024

Skydance's unique offer for Paramount Global would give it a large stake while keeping the company public
The unusual transaction Skydance is offering Paramount Global isn't ideal for shareholders, but it may be better than nothing.

CNBC Business
Apr 05, 2024

Spire Global bets on AI to help improve weather forecasts, with boost from Nvidia
The radio frequency company offers information on weather and climate, ship and aircraft movements, and has a space services business.

CNBC Business
Apr 05, 2024

Hyundai's Genesis brand is a dark horse in U.S. luxury vehicle market
Hyundai's Genesis launched in the U.S. nearly eight years ago to much skepticism but has proven itself worthy in the domestic luxury market.

CNBC Business
Apr 04, 2024

Many CVS drug plans will cover over-the-counter birth control pill at no cost
The decision by CVS could open the door for more people to prevent unintended pregnancies without a prescription.

CNBC Business
Apr 04, 2024

Disney's Iger says Peltz proxy battle was a 'distraction,' board is focused on picking his successor
Disney CEO Bob Iger called Nelson Peltz's proxy battle with the company a "distraction" and said the company's board is focused on succession planning.

CNBC Business
Apr 04, 2024

Paramount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount's stock slumps after reports say the company will need to raise as much as $3 billion to merge with Skydance.

CNBC Business
Apr 04, 2024

Alaska Airlines says Boeing paid it $160 million for 737 Max 9 grounding
The FAA grounded the planes after a door panel blew out of an Alaska Airlines Boeing 737 Max 9 midflight.

CNBC Business
Apr 04, 2024

Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
The Detroit automaker said it will continue to invest in EVs, including the three-row SUV, but it is postponing its production to allow the market to mature.

CNBC Business
Apr 04, 2024

Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
Over the last year, Peloton, Saks, Express and Bath & Body Works have often failed to pay vendors on time, a sign they could be struggling to manage cash flows.

CNBC Business
Apr 04, 2024

Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beat
Shares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and fewer promotions.

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