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   NEWS: CNBC BUSINESS
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.

CNBC Business
Jul 11, 2024

Dollar General settles with Labor Department over workplace safety violations
Under the settlement, Dollar General is required to significantly reduce its inventory and increase stocking efficiency to prevent blocked exits and clutter.

CNBC Business
Jul 11, 2024

Dollar General settles with the Labor Department over workplace safety violations
Under the settlement, Dollar General is required to significantly reduce its inventory and increase stocking efficiency to prevent blocked exits and clutter.

CNBC Business
Jul 11, 2024

Delta's summer outlook disappoints as industry's flight glut drives down fares
Delta on Thursday kicked off an airline earnings season marked by packed planes but profits under pressure as costs rise and increased capacity weighs on fares.

CNBC Business
Jul 11, 2024

Delta says the Olympics will cost it $100 million as travelers skip Paris
Delta says travelers are opting for other destinations or booking outside of the dates of the Olympic Games.

CNBC Business
Jul 11, 2024

The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
Commissioner Roger Goodell told CNBC in an exclusive interview that the NFL is open to changing its policies to allow minority private equity ownership.

CNBC Business
Jul 11, 2024

Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
More than 100,000 customers of fintech apps like Yotta, Juno and Copper have been locked out of their accounts since May.

CNBC Business
Jul 11, 2024

Delta shares fall as a glut of flights drives down fares despite high demand
Delta on Thursday kicked off an airline earnings season marked by packed planes but profits under pressure as costs rise and increased capacity weighs on fares.

CNBC Business
Jul 11, 2024

More people than ever expected to bet on Summer Olympics after U.S. legal gambling boom
The Paris Olympics are the first games since legalized gambling has been widespread in the U.S. Will it make a difference for sportsbooks?

CNBC Business
Jul 11, 2024

Pfizer moves forward with once-daily version of weight loss pill after setbacks
The company plans to conduct studies in the second half of the year evaluating multiple doses of the drug.

CNBC Business
Jul 11, 2024

Audi strikes multiyear partnership with MLS' Inter Miami CF
Audi announced today the beginning of a multiyear partnership with the South Florida soccer club as the company aims to reach a growing soccer fan base.

CNBC Business
Jul 11, 2024

PepsiCo earnings beat estimates, but U.S. demand weakens
The food and beverage giant PepsiCo reported better-than-expected second-quarter earnings, but its revenue fell short of Wall Street's estimates.

CNBC Business
Jul 11, 2024

Delta shares tumble after outlook falls short of estimates despite strong summer travel demand
Delta on Thursday kicked off an airline earnings season marked by packed planes but profits under pressure as costs rise and increased capacity weighs on fares.

CNBC Business
Jul 10, 2024

Federal Trade Commission to sue drug middlemen over prices of medications including insulin, source says
UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts will reportedly be the targets of the FTC's suits.

CNBC Business
Jul 10, 2024

Costco hikes membership fee for the first time since 2017
Costco will hike its annual membership fees by $5 in the U.S. and Canada starting Sept. 1.

CNBC Business
Jul 10, 2024

NASA still expects Boeing's Starliner to return astronauts from ISS, but notes SpaceX backup option
NASA leadership on Wednesday acknowledged potential alternatives to Boeing's Starliner for returning a pair of astronauts from the International Space Station.

CNBC Business
Jul 10, 2024

FTC to sue drug middlemen over prices of medications including insulin
UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts will reportedly be the targets of the FTC's suits.

CNBC Business
Jul 10, 2024

Walmart is opening five automated distribution centers as it tries to keep its grocery dominance
The facilities are part of Walmart's broader effort to modernize its supply chain and expand capacity to keep up with customers' online orders.

CNBC Business
Jul 09, 2024

First Ariane 6 rocket launches as Europe rejoins a market dominated by Musk's SpaceX
The European Space Agency has prepared its newest heavy-lift Ariane 6 rocket to launch from Europe's Spaceport in Kourou, French Guiana, on Tuesday.

CNBC Business
Jul 09, 2024

It suddenly looks like there are too many homes for sale. Here's why that's not quite right
Inventory of both new and existing homes is finally rising, but the supply of newly built homes appears to be way too high.

CNBC Business
Jul 09, 2024

Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Athletic holds over 19% market share within nonalcoholic beer and is driving 32% of total nonalcoholic beer category growth, according to NielsenIQ data.

CNBC Business
Jul 09, 2024

Space station startup Gravitics lands $125 million order from Axiom
Gravitics aims to become a manufacturer of private space stations, with designs for modules that have the "largest interior volume in a standalone spacecraft."

CNBC Business
Jul 08, 2024

Media, tech titans head for Sun Valley with streaming alliances top of mind
Media and tech titans will convene at Allen & Co.'s annual conference this week, where streaming and sports alliances will be top of mind.

CNBC Business
Jul 08, 2024

Hollywood theater owners are worried a Paramount-Skydance merger will usher in too much consolidation
Paramount and Skydance have long been production partners, co-financing and distributing about 30 films.

CNBC Business
Jul 08, 2024

Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers
Customers' deep frustration with higher prices has pushed many retailers and restaurants to step up discounts, promotions and value meals.

CNBC Business
Jul 08, 2024

Paramount agrees to merge with Skydance, ending monthslong negotiations and Redstone era
Paramount agrees to merge with Skydance, bringing new ownership to the storied movie studio and CBS broadcast network long controlled by the Redstone family.

CNBC Business
Jul 08, 2024

Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
The Justice Department said in May that Boeing violated its 2021 settlement by failing to implement a certain compliance program.

CNBC Business
Jul 08, 2024

Paramount agrees to merge with Skydance
Paramount agrees to merge with Skydance, bringing new ownership to the storied movie studio and CBS broadcast network long controlled by the Redstone family.

CNBC Business
Jul 08, 2024

Air travel demand is breaking records. Airline profits are not
Investors will get more insight into the outlook for the tail end of summer when Delta Air Lines kicks off earnings season Thursday.

CNBC Business
Jul 05, 2024

GlobalFoundries races to find semiconductor talent as demand for chips soars
GlobalFoundries and other semiconductor companies are looking for workers as demand for chips soars, spurred by CHIPS Act funding and artificial intelligence.

CNBC Business
Jul 04, 2024

Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman.

CNBC Business
Jul 04, 2024

Nathan's hot dog contest crowns Bertoletti, Sudo after Joey Chestnut debacle
The competition was considered more wide open after the 16-time winner parted ways with the event's organizer, Major League Eating.

CNBC Business
Jul 04, 2024

Women's soccer draws private-equity interest as team valuations soar
Sixth Street and Carlyle have each have each struck deals at soaring team valuations.

CNBC Business
Jul 04, 2024

The five secrets to Ferrari's success as a luxury brand
This year, Ferrari for the first time surpassed Hermès as the most valuable luxury company in the world as measured by stock multiple.

CNBC Business
Jul 03, 2024

Ford sales edge 1% higher in the second quarter, led by trucks
Ford truck sales of 308,920 vehicles marked the company's best second-quarter performance for the vehicle category since 2019.

CNBC Business
Jul 03, 2024

United Airlines is texting travelers live weather maps to explain flight delays
Even when it's bright and sunny, a thunderstorm hundreds of miles away can still disrupt flights.

CNBC Business
Jul 03, 2024

AI drive-thru ordering is on the rise — but it may take years to iron out its flaws
Artificial intelligence is closer than ever to taking down drive-thru orders, but fast-food restaurants like McDonald's show that the tech still needs time.

CNBC Business
Jul 03, 2024

Concerns grow over gambling addiction in the military
Diagnoses of pathological gambling disorders among servicemembers and veterans is soaring, according to the Department of Veterans Affairs.

CNBC Business
Jul 02, 2024

Skydance and National Amusements near Paramount deal as special committee reviews terms
National Amusements agreed to a preliminary deal to hand over control of Paramount to David Ellison's Skydance Media, the latest in a messy sales process.

CNBC Business
Jul 02, 2024

Florida Panthers games are moving from cable to local broadcast stations
The NHL Stanley Cup champion Florida Panthers are leaving cable TV and will air regular season games on local broadcast networks owned by E.W. Scripps.

CNBC Business
Jul 02, 2024

FDA approves Eli Lilly Alzheimer's drug, expanding treatment options in the U.S.
It's a long-awaited win for Eli Lilly after donanemab faced several delays in its path to the market, including an initial rejection from the FDA last year.

CNBC Business
Jul 02, 2024

GM reports best U.S. quarterly sales since 2020
Electric vehicle deliveries increased 40% compared to a year earlier to 21,930 units. Still, EVs made up only 3.2% of GM's total second-quarter sales.

CNBC Business
Jul 02, 2024

Peloton staved off the cash crunch that threatened its business. Where does it go now?
Peloton's looming debt pile raised concerns that the company could be pushed into bankruptcy. Now that Peloton has refinanced, it still has to fix its strategy.

CNBC Business
Jul 02, 2024

Media mogul Barry Diller weighs a bid to gain control of Paramount
Barry Diller's IAC is weighing an offer for Shari Redstone's National Amusements Inc., which would give the media mogul control of Paramount.

CNBC Business
Jul 02, 2024

NFL 'Sunday Ticket' streaming is coming to bars and restaurants this season
The NFL's 'Sunday Ticket' has been offered in bars and restaurants since the inception of the package of games. Now it'll also be offered via streaming.

CNBC Business
Jul 02, 2024

How thousands of Americans got caught in fintech's false promise and lost access to bank accounts
The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked from accounts.

CNBC Business
Jul 02, 2024

NFL, RedBird joint venture EverPass lines up 'Sunday Ticket' streaming in bars, restaurants
The NFL's 'Sunday Ticket' has been offered in bars and restaurants since the inception of the package of games. Now it'll also be offered via streaming.

CNBC Business
Jul 02, 2024

Manhattan is now a 'buyer's market' as real estate prices fall and inventory rises
The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel.

CNBC Business
Jul 01, 2024

Boston Celtics' majority owner puts team up for sale weeks after NBA championship
The ownership group behind the Boston Celtics has put the team up for sale, weeks after it won the NBA championship.

CNBC Business
Jul 01, 2024

Paramount is hunting for a streaming partner, could kick off a wave of deals
Warner Bros. Discovery has interest in merging Max and Paramount , as Paramount looks to strike a deal for its money-losing streaming service.

CNBC Business
Jul 01, 2024

Inside Starbucks' plans to improve stores for customers and baristas
Starbucks is rolling out changes to barista workflows as it tries to reduce customer wait times.

CNBC Business
Jul 01, 2024

Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal
Boeing is buying the supplier of fuselages as it looks for a way out of its manufacturing and safety crisis.

CNBC Business
Jun 30, 2024

U.S. plans to seek guilty plea from Boeing over fatal 737 Max crashes
The U.S. is expected to seek a guilty plea and offer Boeing a deal over the fatal 737 Max crashes, victims' family members said Sunday.

CNBC Business
Jun 30, 2024

'Inside Out 2' tops $1 billion at the global box office, first film to do so since 'Barbie'
Before "Inside Out 2," no Disney animated feature from Pixar or its Walt Disney Animation studio had generated more than $480 million at the global box office since 2019.

CNBC Business
Jun 30, 2024

Fathom, the company behind classic films at your local theater, is making major gains in moviegoing
The joint venture between AMC, Regal and Cinemark has been best known for bringing classic Hollywood titles, live telecasts and concerts to theaters.

CNBC Business
Jun 30, 2024

More companies are staying quiet during Pride, but money is still flowing to LGBTQ causes
Companies have tread lightly this Pride month, as they brace for a divisive presidential election and follow public backlash against Target and Bud Light.

CNBC Business
Jun 29, 2024

These could be the next big food and beverage trends
Items on display at the Summer Fancy Foods Show suggest coming trends include new takes on honey, tinned fish and charcuterie.

CNBC Business
Jun 29, 2024

Why so many Olympic hopefuls are running in all-black, unbranded gear
Rather than running in branded apparel, effectively providing free advertising, some Olympic hopefuls opt to wear Bandit Running's all-black kits and warmups.

CNBC Business
Jun 29, 2024

An alphabet soup of 'electrified' vehicles awaits new car buyers as EV sales stall
As EV adoption crawls along, automakers are increasingly releasing hybrid vehicles as alternative options to EVs and traditional gas-powered engines.

CNBC Business
Jun 28, 2024

Nike CEO John Donahoe comes under fire as stock sees worst day on record
Nike's CEO John Donahoe has helmed the sneaker giant for nearly five years, but under his watch, its stock has underperformed and its lost market share.

CNBC Business
Jun 28, 2024

Boeing delays Starliner return by 'weeks' for testing, NASA says astronauts aren't stranded
Boeing's crew flight test represents the first time Starliner is carrying people, flying NASA astronauts Butch Wilmore and Suni Williams.

CNBC Business
Jun 28, 2024

Ford CEO says a profitable $30,000 EV is coming in two and a half years
Farley said its main competitors are expected to be Chinese automakers such as BYD and an anticipated entry-level car from U.S. EV leader Tesla.

CNBC Business
Jun 28, 2024

Nike CEO John Donahoe comes under fire from Wall Street after lackluster performance
Nike's CEO John Donahoe has helmed the sneaker giant for nearly five years, but under his watch, its stock has underperformed and its lost market share.

CNBC Business
Jun 28, 2024

Rural retailer Tractor Supply eliminates DEI roles, Pride support and carbon emissions goals
Retailer Tractor Supply announced that it will eliminate DEI roles, withdraw carbon emissions goals and stop sponsoring Pride festivals.

CNBC Business
Jun 28, 2024

Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline
CNBC spoke with 11 current and former Pfizer employees, who asked to remain anonymous, about Pfizer's dizzying climb, rapid decline and turnaround strategy.

CNBC Business
Jun 27, 2024

Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it's ceded to upstarts like On Running and Hoka.

CNBC Business
Jun 27, 2024

Drug prices have risen almost 40% over the past decade, according to a new tracker
Paying almost 40% more than in 2014, the average person spends $16.26 out of pocket per prescription, according to the data.

CNBC Business
Jun 27, 2024

Tesla loses its EV quality edge as repair problems continue to plague the market
The study found electric vehicles are plagued with more problems compared to traditional gas- and diesel-powered vehicles with internal combustion engines.

CNBC Business
Jun 27, 2024

Drug prices have risen almost 40% over the last decade, according to a new tracker
Paying almost 40% more than in 2014, the average person spends $16.26 out-of-pocket per prescription, according to the data.

CNBC Business
Jun 27, 2024

Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it's ceded to upstarts like On Running and Hoka.

CNBC Business
Jun 27, 2024

Rivian investor day focuses on cost reductions, efficiencies and next-generation EVs
Rivian shares fell about 2% to 6% for much of the event on Thursday, eating into their 23% gain the day before on news of an up to $5 billion investment by VW.

CNBC Business
Jun 27, 2024

Chinese automakers expected to achieve 33% global market share by 2030
Chinese automakers are expected to continue rapidly expanding outside of China to achieve 33% of the global automotive market share by 2030.

CNBC Business
Jun 27, 2024

Home prices begin to cool as active listings jump 35%
For the four weeks ended June 23, the typical home sold for slightly less than its asking price, according to real estate brokerage Redfin.

CNBC Business
Jun 27, 2024

Walgreens stock plunges as drugstore chain slashes profit guidance in 'challenging' consumer environment
The results and guidance cut come as Walgreens works to slash costs by closing underperforming U.S. stores, among other measures.

CNBC Business
Jun 27, 2024

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed
Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed's results.

CNBC Business
Jun 27, 2024

How Walmart-owned Sam's Club is trying to take on Costco's private label Kirkland
Walmart-owned Sam's Club is trying to raise the quality of its Member's Mark private brand and compete with Costco's Kirkland Signature.

CNBC Business
Jun 27, 2024

Levi's shares drop 15% as jeans maker's sales disappoint despite denim craze
Levi's has been working to build out its own website and stores, and while the strategy has lifted profits, sales aren't budging much.

CNBC Business
Jun 26, 2024

SpaceX is building a NASA craft to intentionally destroy the International Space Station after retiring
NASA will have a spacecraft from Elon Musk's SpaceX guide the International Space Station's destruction after its retirement.

CNBC Business
Jun 26, 2024

Levi's shares drop 12% as jeans maker's sales disappoint despite denim craze
Levi has been working to build out its own website and stores, and while the strategy has lifted profits, sales aren't budging much.

CNBC Business
Jun 26, 2024

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
This year's stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders like Truist.

CNBC Business
Jun 26, 2024

Southwest Airlines cuts revenue forecast, blaming changing booking patterns
The company said it still expects record quarterly operating revenue in the second quarter.

CNBC Business
Jun 26, 2024

Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work
The rollout will be a real-world test for the vaunted productivity gains of generative AI, which took the world by storm in late 2022.

CNBC Business
Jun 26, 2024

Southwest Airlines cuts revenue forecast
The company said it still expects record quarterly operating revenue in the second quarter.

CNBC Business
Jun 26, 2024

Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
President Joe Biden has made lowering U.S. drug prices a key pillar of his health-care agenda and reelection platform for 2024.

CNBC Business
Jun 26, 2024

YouTube dominates streaming, forcing media companies to decide whether it's friend or foe
YouTube is gaining share of viewership on TVs, and legacy media doesn't have a uniform strategy to deal with the threat.

CNBC Business
Jun 25, 2024

Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.

CNBC Business
Jun 25, 2024

FedEx shares jump after hours as massive cost-cutting measures kick in
FedEx shares jumped 15% after hours as the company begins to bear the fruits of its $4 billion cost-cutting plan.

CNBC Business
Jun 25, 2024

Rivian secures up to $5 billion from Volkswagen, shares soar 40%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.

CNBC Business
Jun 25, 2024

Rivian shares soar 30% after Volkswagen takes $1 billion stake
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.

CNBC Business
Jun 25, 2024

GM's Cruise names former Amazon, Microsoft Xbox executive as new CEO
General Motors' Cruise autonomous vehicle unit on Tuesday announced Marc Whitten, a former Amazon and Microsoft executive, as its new CEO.

CNBC Business
Jun 25, 2024

U.S. auto sales are expected to slow during the second half of 2024
Vehicle inventory levels are growing, incentives are increasing and there's growing uncertainty surrounding the economy, interest rates and U.S. election.

CNBC Business
Jun 25, 2024

Here's how bad housing affordability is now
Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.

CNBC Business
Jun 25, 2024

VW updates 2025 Jetta to boost sales of the brand's entry-level car
The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter.

CNBC Business
Jun 25, 2024

Delta's most exclusive airport lounge opens. Here's what's inside
The Delta One lounge is the airline's latest effort to reel in customers and offers perks like massages, showers and a high-end restaurant.

CNBC Business
Jun 25, 2024

How Delta made itself America's luxury airline — and what United wants to do about it
Delta is the most profitable U.S. airline and says it continues to beat rivals as more travelers pay up for premium cabins.

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