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   NEWS: CNBC BUSINESS
CNBC Business
Oct 22, 2024

GM raises 2024 earnings guidance after easily topping Wall Street's third-quarter expectations
GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.

CNBC Business
Oct 22, 2024

General Motors is set to report earnings before the bell. Here's what Wall Street expects
GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.

CNBC Business
Oct 21, 2024

Nike renews uniform partnership with NBA, WNBA as NFL opens bidding process to competitors
Nike will be the exclusive uniform provider for the NBA and WNBA for another 12 years after the leagues extended their contract with the sneaker giant.

CNBC Business
Oct 21, 2024

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

CNBC Business
Oct 21, 2024

The next big career track at business schools: Family offices
Top universities are launching a number of programs and courses aimed at training the next generation of family office leaders.

CNBC Business
Oct 21, 2024

McDonald's tells U.S. restaurants it's not a 'political brand' after Trump visit
McDonald's said it is not endorsing a presidential candidate after Trump's visit to one of its restaurants.

CNBC Business
Oct 21, 2024

Boeing machinists to vote on new proposal with 35% raises that could end strike
The IAM will vote Wednesday on the new proposal which includes 35% wage increases over four years, a higher signing bonus of $7,000 and more.

CNBC Business
Oct 21, 2024

Disney will name Bob Iger's replacement in early 2026; James Gorman to become board chair next year
Former Morgan Stanley CEO James Gorman will replace Nike Executive Chairman Mark Parker as chairman in January.

CNBC Business
Oct 21, 2024

Chick-fil-A is releasing its own entertainment app, with family-friendly shows and podcasts
The Chick-fil-A Play app will launch on Nov. 18 with content aimed at families with kids aged 12 and under.

CNBC Business
Oct 19, 2024

Elections, hurricane damage and more: Here are four factors that will shape holiday shoppers' purchases
A deal-hunting mindset, volatile weather and election distraction could influence holiday spending this year.

CNBC Business
Oct 19, 2024

Drug costs, abortion, Obamacare: How Trump and Harris could change U.S. health care
Kamala Harris and Donald Trump are both pledging to make health care more affordable in the U.S., but have largely different approaches to doing so if elected.

CNBC Business
Oct 18, 2024

Spirit Airlines extends debt refinancing deadline hours before expiration
Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in debt.

CNBC Business
Oct 18, 2024

Starbucks taps former Chipotle executive as global chief brand officer
In his first week on the job, CEO Brian Niccol said improving the company's branding was one of his four priorities to turn around the U.S. business.

CNBC Business
Oct 18, 2024

Stellantis to shutter and sell large testing facility amid cost-cutting efforts
Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

CNBC Business
Oct 18, 2024

Watch maker Patek Philippe launches first new collection in 25 years
The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand.

CNBC Business
Oct 18, 2024

Embraer CEO says jet maker studying possibilities for a new aircraft
The company is focusing on selling its E2 and regional jets and addressing supply chain issues, the CEO said.

CNBC Business
Oct 18, 2024

Stellantis to sell, shutter large testing facility amid cost-cutting efforts
Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

CNBC Business
Oct 18, 2024

'Joker: Folie a Deux' is this year's latest box-office flop. Here's what else has disappointed
Warner Bros.' "Joker: Folie a Deux" is not the only blockbuster-budgeted film to fall flat at the box office this year.

CNBC Business
Oct 18, 2024

'Joker: Folie a Deux' is this year's latest box office flop. Here's what else has disappointed
Warner Bros.' "Joker: Folie a Deux" is not the only blockbuster-budgeted film to fall flat at the box office this year.

CNBC Business
Oct 18, 2024

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13.

CNBC Business
Oct 18, 2024

CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer
David Joyner has replace Karen Lynch as CVS CEO, as the company's stock price and performance suffers.

CNBC Business
Oct 18, 2024

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
Procter & Gamble said volume fell in its Greater China market despite the earnings beat.

CNBC Business
Oct 18, 2024

The commercial real estate recovery is on, but the rebound may be uneven
The Fed's shift in policy is "the most notable green shoot" for the CRE market, according to Wells Fargo analysts.

CNBC Business
Oct 17, 2024

Merck says experimental RSV treatment protected infants in trial, paving way for potential approval
Merck is discussing the study data with regulators worldwide, with a goal of making the treatment available for infants as early as the 2025 to 2026 RSV season.

CNBC Business
Oct 17, 2024

NFL's Browns plan to leave Cleveland stadium for dome in the suburbs
The Cleveland Browns plan to leave their Cleveland stadium for a new dome in Brook Park, Ohio.

CNBC Business
Oct 17, 2024

Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35%
Netflix's ad-tier memberships jumped 35%. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025.

CNBC Business
Oct 17, 2024

Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes
Tobacco product use among middle and high school students has dropped to a 25-year low, federal agencies announced Thursday.

CNBC Business
Oct 17, 2024

NFL stadiums could experience $11 billion in climate-related losses by 2050, a new report finds
As football stadiums are increasingly being used for concert venues, storm shelters and community events, the impact could be severe for the economy.

CNBC Business
Oct 17, 2024

Universal's Epic Universe theme park set to open in May 2025
Universal's Epic Universe theme park will open its gates on May 22, 2025, in Florida.

CNBC Business
Oct 17, 2024

Netflix earnings are after the bell. Here's what to expect
Netflix is due to report third-quarter earnings after the closing bell Thursday.

CNBC Business
Oct 17, 2024

The NFL is chasing a new audience to build on its explosive ratings
The NFL is itching for further growth and it's turning to Latino and Spanish-speaking audiences as a new audience.

CNBC Business
Oct 17, 2024

Latino audience is key for NFL growth in the U.S. and abroad
The NFL is itching for further growth and it's turning to Latino and Spanish-speaking audiences as a new audience.

CNBC Business
Oct 16, 2024

Ulta Beauty shares tick higher, even as company sees 'headwinds' in beauty industry
Retailer Ulta Beauty did not provide guidance for next fiscal year and said it expects near-term challenges to continue.

CNBC Business
Oct 16, 2024

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

CNBC Business
Oct 16, 2024

Diamond Sports, FanDuel reach naming rights agreement for regional sports networks
Diamond Sports and FanDuel have reached a naming rights agreement for Diamond Sports' regional sports networks.

CNBC Business
Oct 16, 2024

Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
Gores is buying in at an enterprise value of $4 billion, more than a 30% discount to the team's value of $5.83 billion, according to CNBC's 2024 rankings.

CNBC Business
Oct 16, 2024

Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Business
Oct 16, 2024

TNT Sports to air new women's basketball league Unrivaled
Unrivaled, the new pro women's basketball league, will launch next year with games aired exclusively on Warner Bros. Discovery's TNT and truTV cable networks.

CNBC Business
Oct 16, 2024

MLB playoff viewership surges as big market stars vie for World Series
Major League Baseball is enjoying a resurgence in popularity that at one point looked like the sport was in jeopardy of never returning to.

CNBC Business
Oct 16, 2024

Ulta Beauty shares fall as company sees 'headwinds' in beauty industry
The retailer Ulta Beauty did not provide guidance for next fiscal year and said it expects near-term challenges to continue.

CNBC Business
Oct 16, 2024

Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge
The so-called clinical hold is due to a single report of nerve damage in a patient who received the combination shot in a phase two trial.

CNBC Business
Oct 16, 2024

United shares head for pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

CNBC Business
Oct 16, 2024

Morgan Stanley shares pop 7% after beating estimates for third quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Business
Oct 16, 2024

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.
The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.

CNBC Business
Oct 16, 2024

Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban
The Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM.

CNBC Business
Oct 16, 2024

Morgan Stanley tops estimates on better-than-expected wealth management, trading and banking results
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Business
Oct 16, 2024

Morgan Stanley is about to report earnings — here's what to expect
Morgan Stanley has several tailwinds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Business
Oct 15, 2024

Tom Brady and partner Tom Wagner to pay over $200 million for stake in Las Vegas Raiders
Tom Brady, the seven-time Super Bowl champion, will own 10% of the Las Vegas Raiders along with his business partner.

CNBC Business
Oct 15, 2024

United Airlines plans $1.5 billion share buyback, forecasts fourth-quarter earnings above estimates
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

CNBC Business
Oct 15, 2024

Tom Brady becomes part owner of the NFL's Las Vegas Raiders after unanimous vote
Tom Brady, the seven-time Super Bowl champion, will own 10% of the Las Vegas Raiders along with his business partner.

CNBC Business
Oct 15, 2024

American consumers are increasingly underwater on their car loans
Edmunds.com reports the average amount owed on upside-down loans climbed to an all-time high of $6,458 during the third quarter.

CNBC Business
Oct 15, 2024

Inside a high-tech parking garage where robots valet park your car
Better-utilized space for parking could mean a developer needs fewer floors devoted to vehicles — freeing up square footage for residences.

CNBC Business
Oct 15, 2024

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

CNBC Business
Oct 15, 2024

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.

CNBC Business
Oct 15, 2024

Boeing to raise as much as $25 billion to shore up balance sheet
The equity or debt raise of up to $25 billion would be over three years Boeing said.

CNBC Business
Oct 15, 2024

Bank of America tops estimates on better-than-expected trading revenue
How quickly will Bank of America benefit from falling interest rates?

CNBC Business
Oct 15, 2024

Goldman Sachs to report third-quarter earnings
Now that the Fed is easing rates, Goldman may benefit as corporations that have waited on the sidelines to acquire competitors or raise funds take action.

CNBC Business
Oct 14, 2024

Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
Boeing's CEO Ortberg will answer to investors in his first Oct. 23 earnings presentation as the aerospace giant faces swirling crises.

CNBC Business
Oct 13, 2024

Delta pauses hot meal service on dozens of Detroit flights citing 'food safety issue' at caterer
Delta said its caterer "immediately shut down hot food production" and then suspended operations from the Detroit facility.

CNBC Business
Oct 13, 2024

SpaceX's Starship rocket completes fifth test flight, lands booster in dramatic catch
SpaceX launched its fifth test flight of its Starship rocket on Sunday, taking a major step forward in the vehicle's development.

CNBC Business
Oct 13, 2024

Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
With the U.S. election less than a month away, the country and its corporate sectors are staring down two drastically different options.

CNBC Business
Oct 11, 2024

Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing said it will lay off about 10% of its workforce is losses deepen from an ongoing factory strike.

CNBC Business
Oct 11, 2024

WNBA to expand Finals to 7 games, add to regular season next year
The WNBA is changing its Finals to seven games and adding four games to its regular season starting next year.

CNBC Business
Oct 11, 2024

JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income
JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion.

CNBC Business
Oct 11, 2024

Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse'
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.

CNBC Business
Oct 11, 2024

Jeff Shell is about to lead Paramount. He may have runway to make bold changes he couldn't at NBC
Clues about what may be in store for Paramount Global can be seen in how Jeff Shell ran NBCUniversal — including some ideas that never got off the ground.

CNBC Business
Oct 10, 2024

Wealthy millennials and Gen Z are redefining philanthropy
Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as mentors for charitable causes rather than just give money.

CNBC Business
Oct 10, 2024

The Fed is finally cutting rates, but banks aren't in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.

CNBC Business
Oct 10, 2024

Delta says travelers are trading scorching summer Europe trips for fall getaways
Delta and other airlines have said many travelers have been booking Europe trips after the traditional summer peak.

CNBC Business
Oct 10, 2024

Delta sales guidance disappoints, CEO says airline expects lower demand around the election
Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.

CNBC Business
Oct 10, 2024

Delta sales guidance disappoints, CEO says it expects lower demand around the election
Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.

CNBC Business
Oct 10, 2024

United plans flights to Greenland, Mongolia and northern Spain in search for next 'it' destination
United is expanding its summer 2025 travel schedule with off-the-beaten track destinations.

CNBC Business
Oct 10, 2024

Robert Kraft, professional sports leagues join forces with campaign against antisemitism
The ad will premiere as part of Amazon's Thursday Night Football programming featuring the San Francisco 49ers and Seattle Seahawks.

CNBC Business
Oct 10, 2024

Delta expects higher earnings in fourth quarter despite lower demand around the election
Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.

CNBC Business
Oct 09, 2024

CVS, UnitedHealth, Cigna say FTC should take Lina Khan and two commissioners off drug middlemen case
The companies argue the commissioners have "a lengthy track record of making public statements that indicate serious bias" against pharmacy benefit managers.

CNBC Business
Oct 09, 2024

Bridgit Mendler's space startup Northwood passes first test, connecting prototype antenna to Planet satellites
Northwood Space, the startup led by Bridgit Mendler, passed its first major development test last week by connecting with Planet imagery satellites in orbit.

CNBC Business
Oct 09, 2024

Here's what investors need to know after GM's capital markets day
Wall Street analysts were unchanged in their opinion and ratings of General Motors, citing continued optimism but a lack of details in its overall strategy.

CNBC Business
Oct 09, 2024

CVS, UnitedHealth say FTC should take Lina Khan and two commissioners off drug middlemen case
The companies argue the commissioners have "a lengthy track record of making public statements that indicate serious bias" against pharmacy benefit managers.

CNBC Business
Oct 09, 2024

GM expects 2025 earnings to be similar to this year's despite industry headwinds
The Detroit automaker's targeted adjusted earnings before interest and taxes this year is between $13 billion and $15 billion, or $9.50 and $10.50 per share.

CNBC Business
Oct 09, 2024

Ozempic underworld: Inside the black market of obesity drugs
A CNBC investigation into illegal weight loss drugs reveals a marketplace where criminals brazenly counterfeit the drugs or ship the real product from overseas.

CNBC Business
Oct 09, 2024

Disneyland hikes ticket prices for its highest-demand days
Disneyland's most in-demand tickets will rise around 6% in cost starting Wednesday.

CNBC Business
Oct 08, 2024

SpaceX may receive FAA license for next Starship launch in time for Sunday attempt
The Federal Aviation Administration may issue SpaceX its next Starship license in time for a Sunday launch attempt, CNBC has learned.

CNBC Business
Oct 08, 2024

After scrapping health clinics for people, Walmart is expanding pet care
It's part of a bigger effort by the nation's largest retailer to capitalize on the high-frequency pet category.

CNBC Business
Oct 08, 2024

Hard Rock chairman opens the door to a FanDuel or DraftKings partnership in Florida
Hard Rock has the monopoly on sports betting in Florida, winning the exclusive tribal gaming compact after a battle against FanDuel, DraftKings and Penn.

CNBC Business
Oct 08, 2024

BetMGM wagers that new technology, football can lead to a resurgence
BetMGM is trying to regain lost ground in both sports gambling and online casino games.

CNBC Business
Oct 08, 2024

After scrapping health care for people, Walmart is expanding pet care
It's part of a bigger effort by the nation's largest retailer to capitalize on the high-frequency pet category.

CNBC Business
Oct 08, 2024

Slotmaker Aristocrat works to protect its IP while moving to a digital future
Aristocrat Gaming CEO Hector Fernandez told CNBC that digital opportunities and protecting intellectual property are key to the company's future.

CNBC Business
Oct 08, 2024

Spirit Halloween to open 10 new 'Spirit Christmas' stores catering to holiday shoppers
Spirit Halloween's usual trick-or-treat and go is no longer, as the company announced it will open "Spirit Christmas" locations through the holiday season.

CNBC Business
Oct 08, 2024

GM ditching 'Ultium' name for batteries, tech amid EV changes
GM confirmed the change ahead of an investor event in which it is expected to tout the flexibility of the company to produce both traditional vehicles and EVS.

CNBC Business
Oct 08, 2024

Boeing delivers 33 jets in September but strike impact looms
Boeing delivered 33 jets but overall deliveries are down on the year.

CNBC Business
Oct 08, 2024

Airlines, theme parks, cruise lines warn travelers about Hurricane Milton disruptions
Airlines canceled hundreds of flights, theme parks prepare to close ahead of Hurricane Milton.

CNBC Business
Oct 08, 2024

Walmart opens five more veterinary and grooming centers, as it makes bigger push in pets
It's part of a bigger effort by the nation's largest retailer to capitalize on the high-frequency pet category.

CNBC Business
Oct 08, 2024

PepsiCo trims revenue outlook as North American snacking, key international markets lag
PepsiCo lowered its full-year outlook for organic revenue but reiterated its forecast for its earnings growth.

CNBC Business
Oct 07, 2024

Rolls-Royce opens VIP showroom in NYC to cater to its top-tier clients. Take a look inside
The Private Offices are central to the fabled British automaker's strategy of growing sales and profits from selling more customized, higher-priced vehicles.

CNBC Business
Oct 07, 2024

GM investor day: Cruise, cash and EV profits top of mind for Wall Street
General Motors will attempt to address investor concerns at a capital markets day Tuesday that it can sustain, if not grow profits.

CNBC Business
Oct 07, 2024

Walmart-owned Sam's Club tests a future without checkout lines
The retailer's newest location doubles down on Sam's Club's bet on digital to drive growth and compete with Costco.

CNBC Business
Oct 05, 2024

A new Blue Origin: CEO Dave Limp is bringing urgency and ‘decisiveness' to Jeff Bezos' space company
Dave Limp told CNBC that he only had one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin: Is it "a hobby or a business?"

CNBC Business
Oct 04, 2024

Zillow adds climate risk data to home listings as threats rise
More than 80% of buyers now consider climate risk when purchasing a home, according to a survey by Zillow.

CNBC Business
Oct 04, 2024

Stellantis files federal lawsuit against UAW union over strike threats
Stellantis is suing the United Auto Workers, escalating a monthslong battle between the trans-Atlantic automaker and American union, CNBC has learned.

CNBC Business
Oct 04, 2024

Tiger Woods' logo dispute with Tigeraire escalates with federal court filing
A logo dispute between Tiger Woods' apparel company Sun Day Red and Tigeraire is now in the hands of the federal court system.

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