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   NEWS: CNBC BUSINESS
CNBC Business
Jul 26, 2024

FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
The FAA approved SpaceX to resume flights of its mainstay Falcon 9 rocket after being grounded about two weeks ago following a rare inflight failure.

CNBC Business
Jul 26, 2024

WNBA hopes to cash in on rising popularity with media rights reevaluation after 2028 season
The WNBA and its media partners have agreed to reevaluate the cost of rights after the 2028 season given the league's rising popularity.

CNBC Business
Jul 26, 2024

Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
Warner Bros. Discovery has sued the NBA in an effort to keep distributing the league's games, after it chose NBCUniversal and Amazon as new media partners.

CNBC Business
Jul 26, 2024

'Deadpool & Wolverine' snares $38.5 million in Thursday previews, on pace for record opening
Disney and Marvel's "Deadpool & Wolverine" snared $38.5 million in Thursday previews.

CNBC Business
Jul 26, 2024

Sales of $100 million homes set to double this year as trophy properties recover
The comeback marks a stark contrast with the national housing market, which is still feeling the pressure of high mortgage rates and lack of supply.

CNBC Business
Jul 26, 2024

Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
In the last five years, every large media merger has led to tens of billions in lost value for shareholders.

CNBC Business
Jul 26, 2024

European drug regulator rejects Alzheimer's treatment Leqembi from Biogen, Eisai
The committee said Leqembi's effect on delaying cognitive decline does not outweigh "the risk of serious side effects associated with the medicine."

CNBC Business
Jul 26, 2024

LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
The LVMH sponsorship is on display throughout the 2024 Paris Olympic Games, which officially kicks off on Friday.

CNBC Business
Jul 26, 2024

Bristol Myers Squibb beats earnings estimates, raises outlook as drugmaker slashes costs
The results come as Bristol Myers moves to cut $1.5 billion in costs by 2025 and reinvest that money into key drug brands and research and development programs.

CNBC Business
Jul 26, 2024

Paris Olympics is the latest test of whether sports can win subscribers for NBC's Peacock
NBCUniversal is betting the Paris Olympics will drive viewership across its TV platforms and drive more subscribers to its streaming service, Peacock.

CNBC Business
Jul 25, 2024

GM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed
The ZR1 joins what GM is calling the "Corvette family," leveraging the reputation of the quintessential American sports car to boost revenue and sales.

CNBC Business
Jul 25, 2024

Ford shares post worst day since 2008, leading autos rout after company's disappointing earnings
Ford closed Thursday at $11.16, down by 18.4% — marking the stock's worst daily decline since 2008 and the second-worst performer of S&P 500 companies.

CNBC Business
Jul 25, 2024

Viking Therapeutics stock jumps nearly 30% after drugmaker moves weight loss injection to late-stage trial
It brings the drugmaker one step closer to joining the market for GLP-1s, which analysts say could grow into a $150 billion market by the end of the decade.

CNBC Business
Jul 25, 2024

Ford shares, on pace for worst day since 2008, lead autos rout after company's disappointing earnings
Shares of Ford were off by more than 18% in early trading Thursday - on pace for their worst decline since 2008.

CNBC Business
Jul 25, 2024

'Deadpool & Wolverine' set for highest opening of an R-rated film
Disney and Marvel's "Deadpool & Wolverine" is expected to shatter box office records and become the highest opening film with an R-rating.

CNBC Business
Jul 25, 2024

Boeing's crewed Starliner flight won't return until at least August, NASA says
Starliner capsule "Calypso" has now been in space 50 days and counting on a mission that has extended well beyond what NASA projected.

CNBC Business
Jul 25, 2024

'Deadpool and Wolverine' set for highest opening of an R-rated film
Disney and Marvel's "Deadpool and Wolverine" is expected to shatter box office records and become the highest opening film with an R-rating.

CNBC Business
Jul 25, 2024

Ford shares, on pace for worst day since 2009, lead autos rout after company's disappointing earnings
Shares of Ford were off by more than 17% in early trading Thursday - on pace for their worst decline since 2009.

CNBC Business
Jul 25, 2024

American issues weak profit forecast after backfired sales plan, industry oversupply
The carrier's profit fell 46% during the second quarter even though revenues rose.

CNBC Business
Jul 25, 2024

Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings
Shares of Ford were off by more than 17% in early trading Thursday - on pace for their worst decline since 2009.

CNBC Business
Jul 25, 2024

Viking Therapeutics stock jumps 30% after drugmaker moves weight loss injection to late-stage trial
It brings the drugmaker one step closer to joining the market for GLP-1s, which analysts say could grow into a $150 billion market by the end of the decade.

CNBC Business
Jul 25, 2024

Hasbro beats second-quarter estimates, goes 'all in' on digital gaming segment
Though Hasbro's revenue declined 18% overall during the quarter, Wizards of the Coast and the digital gaming segment grew 20%.

CNBC Business
Jul 25, 2024

American shares drop 5% on weak profit forecast after backfired sales plan, industry oversupply
The carrier's profit fell 46% during the second quarter even though revenues rose.

CNBC Business
Jul 25, 2024

Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
Southwest is under pressure to drum up revenue from an oversupplied U.S. market and an activist investor.

CNBC Business
Jul 25, 2024

Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations.

CNBC Business
Jul 25, 2024

Southwest profit falls 46% as airline takes 'urgent' steps to increase revenue
Southwest is under pressure from an activist investor after it lagged competitors.

CNBC Business
Jul 25, 2024

Ford shares tumble 13% after massive earnings miss
The automaker increased its target for free cash flow but maintained its 2024 earnings guidance, disappointing some investors who had hoped for a hike.

CNBC Business
Jul 24, 2024

Chipotle earnings and revenue top estimates, restaurant traffic rises again
Shares of Chipotle have risen 24% this year, bringing its market value up to $72.82 billion.

CNBC Business
Jul 24, 2024

Ford shares tumble 11% after massive earnings miss
The automaker increased its target for free cash flow but maintained its 2024 earnings guidance, disappointing some investors who had hoped for a hike.

CNBC Business
Jul 24, 2024

Ford shares tumble 12% after massive earnings miss
Ford reported earnings after the bell. Here are the results:

CNBC Business
Jul 24, 2024

Chipotle shares pop more than 10% as earnings and revenue top estimates, restaurant traffic rises again
Shares of Chipotle have risen 24% this year, bringing its market value up to $72.82 billion.

CNBC Business
Jul 24, 2024

NBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery attempt to match deal
NBA informs Warner Bros. Discovery it intends to ignore its matching rights and move forward with Amazon as a partner

CNBC Business
Jul 24, 2024

AMC warns of second-quarter earnings 'weakness,' with revenue and profit down
AMC's preliminary results revealed revenue down more than 23% during the period and a net loss, compared to a profit during the same period a year earlier.

CNBC Business
Jul 24, 2024

'Inside Out 2' is now the highest-grossing animated movie of all time, surpassing 'Frozen II'
Disney and Pixar's 'Inside Out 2' is now the highest-grossing animated movie of all time, surpassing Walt Disney Animation's "Frozen II."

CNBC Business
Jul 24, 2024

Ford Motor is about to report earnings. Here's what to expect
Ford's results are expected to be relatively healthy, although down from the second quarter of 2023.

CNBC Business
Jul 24, 2024

Pfizer's gene therapy for rare genetic bleeding disorder succeeds in late-stage trial
The hemophilia A treatment could become the company's second gene therapy to enter the U.S. market after Beqvez, which was cleared in April for hemophilia B.

CNBC Business
Jul 23, 2024

GM shares sink 6% despite second-quarter beat as Wall Street fears 'good times won't last'
GM's North American operations, driven by truck sales, were largely responsible for the company's second-quarter beat and guidance raise.

CNBC Business
Jul 23, 2024

UPS shares fall 12%, post worst day on record after earnings miss and guidance cut
UPS earnings came below market expectations and the company revised down its 2024 guidance, as shipping demand continues to struggle.

CNBC Business
Jul 23, 2024

GM shares sink 7% despite second-quarter beat as Wall Street fears 'good times won't last'
GM's North American operations, driven by truck sales, were largely responsible for the company's second-quarter beat and guidance raise.

CNBC Business
Jul 23, 2024

UPS shares on pace for worst day on record after earnings miss, guidance cut
UPS earnings came below market expectations and the company revised down its 2024 guidance, as shipping demand continues to struggle.

CNBC Business
Jul 23, 2024

Here's how Best Buy is trying to convince customers to replace pandemic-era devices, buy into AI
Best Buy is trying to cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation, especially in AI.

CNBC Business
Jul 23, 2024

June home sales slump, pointing to a buyer's market as supply increases
The median price of an existing home sold in June was $426,900, an increase of 4.1% year over year

CNBC Business
Jul 23, 2024

GM slows its EV plans again even as sales grow
GM is again slowing its plans for all-electric vehicles by further delaying a second electric U.S. truck plant and the Buick brand's first EV.

CNBC Business
Jul 23, 2024

Lawmakers introduce bipartisan bill aiming to crack down on drug middlemen as scrutiny ramps up
The bill's introduction comes amid a hearing featuring testimony by UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts.

CNBC Business
Jul 23, 2024

A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here's her warning
Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.

CNBC Business
Jul 23, 2024

UPS shares slide on earnings miss, guidance cut
UPS earnings came below market expectations and the company revised down its 2024 guidance, as shipping demand continues to struggle.

CNBC Business
Jul 23, 2024

Coca-Cola tops earnings estimates, hikes full-year outlook as global demand rises
Coke beat earnings estimates and raised its outlook, as volume grew globally.

CNBC Business
Jul 23, 2024

Comcast posts mixed results, weighed down by film studio, theme parks
Comcast reported second-quarter earnings that beat on earnings but missed on revenue due to tough comparisons for its film studio and theme parks.

CNBC Business
Jul 23, 2024

Coca-Cola earnings are out - Here are the numbers
Shares of Coke have risen 9% this year, bringing its market cap up to $282.3 billion.

CNBC Business
Jul 23, 2024

GM far exceeds second-quarter estimates, will restructure struggling China business
GM's North American operations, driven by truck sales, were largely responsible for the company's second-quarter beat and guidance raise.

CNBC Business
Jul 23, 2024

Inside Best Buy's push to get back to sales growth, cash in on AI craze
Best Buy is trying to cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation, especially in AI.

CNBC Business
Jul 23, 2024

General Motors is set to report earnings before the bell
Several Wall Street analysts expect GM to guide toward the higher end of its guidance for 2024, if not hike it again as part of its second-quarter results.

CNBC Business
Jul 22, 2024

Warner Bros. Discovery tells NBA it intends to match Amazon's media rights package
Warner Bros. Discovery intends to use its matching rights on a package of NBA games earmarked for Amazon.

CNBC Business
Jul 22, 2024

McDonald's to extend $5 value meal in most U.S. markets as diners return to restaurants
McDonald's is extending the $5 value meal as rivals like Burger King and Starbucks offer deals to entice diners and boost traffic.

CNBC Business
Jul 22, 2024

Korean Air orders at least 40 Boeing wide-body planes in a vote of confidence for the manufacturer
Korean Air gave Boeing a vote of confidence with an order of at least 40 wide-body planes.

CNBC Business
Jul 22, 2024

Automakers report earnings this week. GM is set to be the standout
Some analysts expect both GM and Ford to guide toward the upper end of their 2024 financial forecasts, if not raise them.

CNBC Business
Jul 22, 2024

Delta cancels hundreds more flights in struggle to recover from Microsoft outage
Delta is struggling to recover from a global IT outage even as its competitors have largely returned to normal operations.

CNBC Business
Jul 21, 2024

Boeing 'disappointed' customers but is on the path to 'transformational change,' commercial jet CEO says
Boeing's troubled 737 Max has been at the center of a safety crisis at the company after a door plug blew out midair earlier this year.

CNBC Business
Jul 21, 2024

Flight cancellations persist after IT outage
The Crowdstrike-Mircosoft outage forced thousands of flight cancellations and delays.

CNBC Business
Jul 19, 2024

Activist Elliott reportedly has a significant stake in Starbucks, in talks with management
Starbucks CEO Laxman Narasimhan is under pressure to turn around the company after disappointing quarterly results.

CNBC Business
Jul 19, 2024

Flights grounded and passengers warned of delays amid global IT outage
A slew of airlines said operations would be impacted on one of the busiest flight days of the year.

CNBC Business
Jul 19, 2024

Retail crime 'queenpin' faces five years in prison, millions in restitution
Mack oversaw a multimillion-dollar operation in which thieves stole from Ulta and other retailers, according to a California Highway Patrol investigations.

CNBC Business
Jul 18, 2024

Boeing's missteps have cost it billions. Here's how it plans to get back to glory
Boeing's leaders say they have charted a path forward to fix the company. They still have plenty of people to convince.

CNBC Business
Jul 18, 2024

With corners of the media industry in upheaval, Netflix makes clear it's staying out of the fray
Netflix's second quarter earnings provided more evidence that its current business is working, and there's no need for change.

CNBC Business
Jul 18, 2024

Netflix beats estimates as ad-supported memberships rise 34%
Advertising has become an increasingly important business model for media companies to boost — or in some cases, achieve — profitability for streaming.

CNBC Business
Jul 18, 2024

NBA sends media terms to Warner Bros. Discovery, officially starting five-day match period
Warner Bros. Discovery has received the terms of the NBA's new media rights framework, allowing the company to use its matching rights on a package of games.

CNBC Business
Jul 18, 2024

Penn lays off about 100 employees as it focuses on ESPN Bet growth
Investors are impatient for Penn to demonstrate its muscle with the rebranded sportsbook — a $2 billion partnership with Disney's ESPN.

CNBC Business
Jul 18, 2024

Netflix reports earnings after the bell. Here's what to expect
Streaming giant Netflix reports earnings after the bell, and Wall Street is keen to hear more about its ad-supported tier.

CNBC Business
Jul 18, 2024

Penn lays off about 100 employees as it focuses on ESPNBet growth
Investors are impatient for Penn to demonstrate its muscle with the rebranded sportsbook, a $2 billion partnership with Disney's ESPN.

CNBC Business
Jul 18, 2024

Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at the Canadian plant, Ford said Thursday.

CNBC Business
Jul 18, 2024

Can Boeing get back to its glory days?
Boeing's leaders say they have charted a path forward to fix the company. They still have plenty of people to convince.

CNBC Business
Jul 17, 2024

Darden Restaurants to acquire Chuy's for approximately $605 million
Darden agreed to acquire all outstanding shares of Chuy's at $37.50 per share, according to a press release.

CNBC Business
Jul 17, 2024

Here's why international buyers are pulling way back from the U.S. housing market
Foreign buyers are facing high prices and tight supply in the housing market, and they're also up against a strong U.S. dollar.

CNBC Business
Jul 17, 2024

United Airlines profit jumps 23%, but third-quarter forecast disappoints amid industry overcapacity
United and Delta have benefitted from an increase in consumers' shift to premium cabins.

CNBC Business
Jul 17, 2024

Chaos at Copa America raises doubts over U.S. 2026 World Cup readiness
The U.S. is set to host 78 out of the 104 World Cup matches as a co-host of the tournament in 2026, alongside Canada and Mexico.

CNBC Business
Jul 17, 2024

GM to increase production of high-performance Cadillac Escalade V8 SUV
GM will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year.

CNBC Business
Jul 17, 2024

The Mirage closes in Las Vegas to make way for Hard Rock Guitar Hotel
Resorts are leaning into luxury touch points, access to high-end dining, boast-worthy entertainment and high-priced sports packages.

CNBC Business
Jul 17, 2024

Willow Bay, Bob Iger to take controlling stake in NWSL's Angel City FC at a $250 million valuation
Last year, Angel City FC generated the highest revenue of any women's team in the world. It was also No. 1 in NWSL attendance and sponsorship revenue.

CNBC Business
Jul 16, 2024

Spirit Airlines forecasts wider quarterly loss as revenue falls short of expectations
Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations.

CNBC Business
Jul 16, 2024

Royal Caribbean leans into shorter cruises, more experiences to capture travel demand
The cruise company is bringing Utopia, the world's second-largest ship with a maximum capacity of nearly 5,800 passengers, to market.

CNBC Business
Jul 16, 2024

Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations
Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations.

CNBC Business
Jul 16, 2024

Bank of America shares jump 5% after saying net interest income rebound is coming
Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of this year.

CNBC Business
Jul 16, 2024

Here are 6 buying categories cheaper today than they were before the pandemic
Prices naturally rise over time, but the pandemic pushed inflation to decades highs. These few categories, however, are cheaper than they were pre-pandemic.

CNBC Business
Jul 16, 2024

Morgan Stanley tops estimates on stronger-than-expected trading and investment banking
Morgan Stanley benefited from its Wall Street-centric business model in the quarter, as a rebound in trading and investment banking helped results.

CNBC Business
Jul 16, 2024

Bank of America shares jump 4% after saying net interest income rebound is coming
Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of this year.

CNBC Business
Jul 16, 2024

Morgan Stanley beats estimates on better-than-expected trading and investment banking
Morgan Stanley benefited from its Wall Street-centric model in the quarter, as a rebound in trading and investment banking boosted results.

CNBC Business
Jul 16, 2024

New Balance partners with the WNBA as the brand looks to grow in women's sports
The agreement will include broadcast, digital and retail content featuring Los Angeles Sparks rookie forward Cameron Brink.

CNBC Business
Jul 16, 2024

Bank of America tops estimates on better-than-expected investment banking
CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter.

CNBC Business
Jul 16, 2024

Morgan Stanley to report second-quarter earnings
Morgan Stanley is likely to benefit from its Wall Street-centric business model.

CNBC Business
Jul 15, 2024

GM's 2025 EV production capacity target in doubt after Barra comments
The production capacity goal was one of the last standing EV targets GM hadn't lowered or withdrawn amid slower-than-expected demand for EVs.

CNBC Business
Jul 15, 2024

Dimon and other Wall Street CEOs react to Trump assassination attempt: 'Deeply saddened' by violence
The shooting on Saturday shocked a nation gearing up for a contentious November election.

CNBC Business
Jul 15, 2024

Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations
Arkhouse and Brigade had for months been attempting to buy out the storied retailer.

CNBC Business
Jul 15, 2024

Goldman Sachs tops estimates on better-than-expected fixed income trading
Goldman Sachs topped expectations for profit and revenue on better-than-expected fixed income results and smaller-than-expected loan loss provisions.

CNBC Business
Jul 15, 2024

Goldman Sachs is set to report second-quarter earnings — here's what Wall Street expects
Expectations have been set high for Goldman Sachs, with Wall Street businesses in the midst of a rebound after a dismal 2023.

CNBC Business
Jul 12, 2024

SpaceX's Falcon 9 rocket suffers rare inflight failure, is grounded during investigation
A SpaceX rocket carrying Starlink satellites failed midflight, in a rare misfire for the company's workhorse Falcon 9 vehicle.

CNBC Business
Jul 12, 2024

Women are set to inherit trillions of dollars in the great 'horizontal wealth transfer'
There are over 43 million people in the Americas over the age of 75, with over $50 trillion in combined transferrable wealth.

CNBC Business
Jul 12, 2024

Citigroup tops expectations for profit and revenue on strong Wall Street results
Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.

CNBC Business
Jul 12, 2024

Inside a $60 million beachfront mansion with subterranean secrets and Italian flair
The owner of the Mar Pietra beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with an asking price of $60 million.

CNBC Business
Jul 12, 2024

JPMorgan Chase tops second-quarter revenue expectations on strong investment banking
While JPMorgan has passed numerous stress tests lately, it's possible the bank's consumers could begin showing more strain from higher interest rates.

CNBC Business
Jul 12, 2024

JPMorgan Chase is set to report second-quarter earnings - here's what the Street expects
While JPMorgan has passed numerous stress tests lately, it's possible the bank's consumers could begin showing more strain from higher interest rates.

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