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   NEWS: CNBC BUSINESS
CNBC Business
Mar 17, 2025

Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise
Forever 21 blamed its second bankruptcy on rising competition from upstarts like Shein and Temu and their use of the de minimis exemption, a trade law loophole.

CNBC Business
Mar 17, 2025

PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
Poppi's founders Allison and Stephen Ellsworth launched the brand back in 2018.

CNBC Business
Mar 17, 2025

PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion
Family plot; past and present; fat chance; and other highlights of recent tax cases.

CNBC Business
Mar 17, 2025

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
The deal with Walmart heightens the rivalry between Affirm and Klarna, two of the world's biggest BNPL players, just as Klarna is set to go public.

CNBC Business
Mar 15, 2025

Goodbye to 'bags fly free' on Southwest Airlines, the last freebie in America
Southwest's customer-focused business model won it a loyal following during its half-century of flying.

CNBC Business
Mar 14, 2025

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.

CNBC Business
Mar 13, 2025

Ulta issues weak guidance, citing consumer uncertainty, rising competition and company missteps
Ulta Beauty warned that profits and revenue will be worse than Wall Street expected in the year ahead.

CNBC Business
Mar 13, 2025

Ulta issues weak guidance, signaling even the beauty industry is slowing down
Ulta Beauty warned that profits and revenue will be worse than Wall Street expected in the year ahead.

CNBC Business
Mar 13, 2025

Comcast expands partnership with Olympics, extends media rights through 2036
Comcast gained the rights to broadcast the Olympic Games through 2036 as part of a new $3 billion agreement with the International Olympic Committee.

CNBC Business
Mar 13, 2025

DC housing market shows signs of cracks amid mass federal layoffs
The number of active listings in the D.C. metro area is sharply higher compared with last year.

CNBC Business
Mar 13, 2025

New York AG announces bill to protect consumers from scams after Trump hobbles CFPB
With the Consumer Financial Protection Bureau frozen, consumers will have to rely on their state AGs and regulators when they have complaints.

CNBC Business
Mar 13, 2025

Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines emerged from Chapter 11 bankruptcy this week, meeting its target to exit in the first quarter.

CNBC Business
Mar 13, 2025

White House pulls Trump's nomination for CDC director hours before confirmation hearing
The White House pulled Weldon's nomination just hours before the former Florida lawmaker was set to appear before the U.S. Senate for confirmation.

CNBC Business
Mar 13, 2025

Dollar General CEO warns consumers are cash-strapped, and says 2025 won't be better
Tariffs and potential changes to government entitlement programs present potential further headwinds for core customers, said CEO Todd Vasos.

CNBC Business
Mar 13, 2025

Women's sports firm Monarch Collective ups fund size to $250 million
Monarch investors Melinda French Gates' Pivotal Ventures and Hello Sunshine CEO Sarah Harden recently upped their funding.

CNBC Business
Mar 13, 2025

Dollar General store review and closures dent fourth-quarter earnings
As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores and 45 Popshelf stores and will convert six other locations.

CNBC Business
Mar 12, 2025

American Eagle says consumer is slowing down, issues weak guidance
American Eagle warned that consumers are slowing down as recession fears swirl.

CNBC Business
Mar 12, 2025

Take a look inside the world's largest 3D printed housing development
The world's largest 3D printed community is now open and mostly sold. Take a look inside the homes and hear from residents about what it's like to live there.

CNBC Business
Mar 12, 2025

RFK Jr. pressures Big Food to remove artificial dyes in meeting with CEOs
Health Secretary Robert F. Kennedy Jr. told top food CEOs that he wants "the worst ingredients" out of food.

CNBC Business
Mar 12, 2025

Boeing plane prices could increase by millions with tariffs, says AerCap CEO
AerCap CEO Aengus Kelly joined CNBC's "Squawk Box" to discuss how tariffs could impact Boeing production.

CNBC Business
Mar 11, 2025

Kohl's shares plunge 20% as retailer gives rough outlook for the year ahead
Kohl's posted a beat on revenue for the fourth quarter on Tuesday, but issued disappointing guidance for the year ahead.

CNBC Business
Mar 11, 2025

Southwest Airlines as we know it is over. Here's what's changing, from bag fees to basic economy
Southwest will start charging customers to check bags, launch basic economy tickets in a bid to drive up revenue.

CNBC Business
Mar 11, 2025

Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick's Sporting Goods issued weak guidance for 2025 as consumers contend with tariffs, persistent inflation and fears around a potential recession.

CNBC Business
Mar 11, 2025

Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
Southwest is getting rid of its policy for free checked bags, ending a more than 50-year perk.

CNBC Business
Mar 11, 2025

Kohl's shares plunge 15% as retailer gives rough outlook for the year ahead
Kohl's posted a beat on revenue for the fourth quarter on Tuesday, but issued disappointing guidance for the year ahead.

CNBC Business
Mar 11, 2025

Airline CEOs warn domestic travel demand is slowing
Airline CEOs say a economic uncertainty and a drop in government travel is driving down domestic travel demand.

CNBC Business
Mar 11, 2025

Ad spending on women's sports more than doubled last year
Ads during women's sports programs were 40% more impactful than the average primetime advertisement, according to EDO.

CNBC Business
Mar 10, 2025

Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.

CNBC Business
Mar 10, 2025

Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.

CNBC Business
Mar 10, 2025

Trump finds unexpected ally in auto union leader over tariffs
UAW President Shawn Fain showed support for President Donald Trump's tariffs, which include 25% levies on automobiles and supporting parts.

CNBC Business
Mar 10, 2025

Here's why banks don't want the CFPB to disappear
The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.

CNBC Business
Mar 09, 2025

RFK Jr. could further deter childhood vaccinations as rates fall in the U.S.
Some health policy experts say Kennedy's early moves as HHS Secretary are concerning and suggest that he could undermine immunizations in less direct ways.

CNBC Business
Mar 08, 2025

Goodyear Tire's transformation plan is underway — in the sky and on the ground
Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China.

CNBC Business
Mar 07, 2025

Sen. Blumenthal asks Visa for records of its payments deal with Elon Musk's X
The Senate request is one of the first signs of scrutiny on Visa after a late January announcement that it had agreed to provide services to X.

CNBC Business
Mar 07, 2025

FAA briefly halts flights to several Florida airports after SpaceX rocket testing failure
It's the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in debris raining down.

CNBC Business
Mar 06, 2025

Costco reports mixed second-quarter earnings, comparable sales growth
Costco on Thursday reported mixed earnings for the fourth quarter.

CNBC Business
Mar 06, 2025

Walgreens to go private in roughly $10 billion deal with Sycamore Partners
The historic transaction ends Walgreens' tumultuous run as a public company, which began in 1927.

CNBC Business
Mar 06, 2025

Costco reports mixed second-quarter earnings
Costco on Thursday reported mixed earnings for the fourth quarter.

CNBC Business
Mar 06, 2025

Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power
Gap has been in the midst of a turnaround under CEO Richard Dickson and has blown away Wall Street expectations for four quarters in a row.

CNBC Business
Mar 06, 2025

Women's pro tennis introduces paid maternity leave funded by Saudi sovereign wealth fund
Eligible players will receive up to 12 months of paid maternity leave and will have access to grants to cover fertility conception and egg freezing treatments.

CNBC Business
Mar 06, 2025

Applebee's owner Dine Brands to lean on value, marketing to reverse sales declines
Dine Brands is trying to boost sales in 2025 after reporting its fourth straight quarter of domestic same-store sales declines for Applebee's and IHOP.

CNBC Business
Mar 06, 2025

Macy's turnaround hinges on revamping some stores and closing others. It appears to be working
Macy's is in the midst of an aggressive strategy to close underperforming stores and invest in better performing locations as it looks to reverse sales slump.

CNBC Business
Mar 06, 2025

Rare Michael Jordan, Kobe Bryant rookie jerseys expected to sell for $20 million at auction
Sotheby's is auctioning off Michael Jordan and Kobe Bryant rookie jerseys. The sale comes as rookie memorabilia sees a surge in popularity and pricing.

CNBC Business
Mar 06, 2025

Macy's turnaround starts to take shape, but ailing stores weigh on quarterly results
Macy's is in the midst of an aggressive strategy to close underperforming stores and invest in better performing locations as it looks to reverse sales slump.

CNBC Business
Mar 05, 2025

Trump grants automakers one-month exemption from tariffs
The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated during Trump's first term.

CNBC Business
Mar 05, 2025

These are the most competitive rental markets in the U.S.
Even with a record amount of new supply, demand for rental apartments is soaring. That has the competition heating up.

CNBC Business
Mar 05, 2025

Amgen starts two critical late-stage trials for weight loss drug MariTide
MariTide is a monthly injection that investors hope could compete against existing weight loss drugs from Novo Nordisk and Eli Lilly.

CNBC Business
Mar 05, 2025

Abercrombie & Fitch shares plunge 15% after star retailer posts weak guidance for year ahead
Abercrombie & Fitch's business may be leveling out after two years of explosive growth.

CNBC Business
Mar 05, 2025

NHL commissioner says league could be affected by U.S.-Canada tariffs
NHL Commissioner Gary Bettman noted players in both countries are paid in U.S. dollars.

CNBC Business
Mar 05, 2025

Abercrombie & Fitch shares fall after star retailer posts weak guidance for year ahead
Abercrombie & Fitch's business may be leveling out after two years of explosive growth.

CNBC Business
Mar 05, 2025

Novo Nordisk offers Wegovy for less than half the price through new direct-to-consumer pharmacy
The pharmacy, called NovoCare, will allow patients to pay $499 in cash per month for the blockbuster weight loss drug.

CNBC Business
Mar 05, 2025

Kenvue settles proxy fight with activist Starboard, adding three directors to its board
Starboard's Jeff Smith will join the board of the Johnson & Johnson spinoff.

CNBC Business
Mar 05, 2025

David's Bridal taps new CEO as it looks to become media company, build online marketplace
David's Bridal, which has emerged from two bankruptcies, is working to become a media company and marketplace that uses vendors to produce and ship products.

CNBC Business
Mar 05, 2025

U.S. Olympic committee announces $100 million grant to fund athletes into their future
Every Olympic and Paralympic athlete who participates in the 2026 Milan games and future games through at least 2032 will receive $200,000 in financial benefits.

CNBC Business
Mar 05, 2025

Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
Foot Locker is expecting profits to be under pressure in fiscal 2025, indicating steep discounts are still present across the industry, especially at Nike.

CNBC Business
Mar 04, 2025

Here's how tariffs will hit the U.S. housing market
Tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, according to the chief economist of the National Association of Home Builders.

CNBC Business
Mar 04, 2025

Airline stocks fall as possible economic 'soft patch' raises demand concerns
Signs of a weakening consumer have emerged ahead of the peak spring and summer travel season.

CNBC Business
Mar 04, 2025

Southwest Airlines closing 2 crew bases in cost-cutting push
Southwest plans to close crew bases in Fort Lauderdale, Florida, and Austin, Texas.

CNBC Business
Mar 04, 2025

Trump's tariffs could quickly cut North American auto production by a third
A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.

CNBC Business
Mar 04, 2025

Aviation industry pushes Congress for air traffic improvements, more hiring
The comments came in testimony ahead of a House committee hearing on air traffic modernization.

CNBC Business
Mar 04, 2025

Southwest Airlines closing 2 more crew bases in cost-cutting push
Southwest plans to close crew bases in Fort Lauderdale, Florida and Austin.

CNBC Business
Mar 04, 2025

CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.

CNBC Business
Mar 04, 2025

Trump's tariffs could quickly cut North American auto production by 20,000 vehicles per day
A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.

CNBC Business
Mar 04, 2025

Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030
Target hosted an investor day in New York City and outlined its plans to grow over the next five years after issuing fiscal 2024 fourth quarter earnings.

CNBC Business
Mar 04, 2025

UConn star Paige Bueckers touts financial literacy as NIL boosts women's sports
Bueckers has signed more than 25 deals with companies such as Gatorade, Chegg, Bose, Verizon, Madison Reed and StockX.

CNBC Business
Mar 04, 2025

Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs
Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.

CNBC Business
Mar 04, 2025

Airline stocks tumble amid economic concerns
Signs of a weakening consumer have emerged ahead of the peak spring and summer travel season.

CNBC Business
Mar 04, 2025

Trump's Mexico tariffs could raise produce prices in the next few days, Target CEO says
President Donald Trump's tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.

CNBC Business
Mar 04, 2025

Starbucks poaches Nordstrom CFO as executive shake-up continues
Nordstrom CFO Cathy Smith will join Starbucks, replacing its current chief financial officer Rachel Ruggeri.

CNBC Business
Mar 04, 2025

UConn star Paige Bueckers touts financial literary as NIL boosts women's sports
Bueckers has signed more than 25 deals with companies such as Gatorade, Chegg, Bose, Verizon, Madison Reed and StockX.

CNBC Business
Mar 04, 2025

Target warns February sales were soft, adding to concerns about consumer health
Target's weak first-quarter guidance added to concerns about consumer health after weak January spending numbers and a slide in consumer confidence.

CNBC Business
Mar 04, 2025

Target will report earnings before the bell. Here's what Wall Street expects
Target is looking to reclaim its crown in the kingdom of discretionary merchandise after warning of a steep decline in profits late last year.

CNBC Business
Mar 03, 2025

Why foreign retailers like Primark and Mango are expanding across the U.S.
Apparel retailers from Primark to Mango and Aritzia are expanding across the U.S., and not just along the coasts.

CNBC Business
Mar 03, 2025

Serena Williams joins WNBA ownership group in Toronto
Serena Williams is investing in women's professional basketball team the Toronto Tempo.

CNBC Business
Mar 03, 2025

From Ireland's Primark to Spain's Mango, foreign retailers are planting their flags in more U.S. malls and cities
Apparel retailers from Primark to Mango and Aritzia are expanding across the U.S., and not just along the coasts.

CNBC Business
Mar 03, 2025

Domino's Pizza finally launches stuffed crust to keep customers away from rivals
Thirty years after Pizza Hut introduced stuffed crust, Domino's is introducing its own take.

CNBC Business
Mar 02, 2025

First-class seats are getting so fancy they're holding up new airplanes
Supply chain issues and certification of new first- and business-class seat models have delayed deliveries to airlines.

CNBC Business
Mar 01, 2025

How a $5 million fix turned Paramount Pictures' 'Sonic' into a billion-dollar franchise
Paramount Picture's redesign of the titular character in its "Sonic the Hedgehog" film has resulted in a $1.2 billion franchise five years later.

CNBC Business
Mar 01, 2025

With $1 billion in salary IOUs, the Dodgers spark new questions about MLB's fairness
The Los Angeles Dodgers' unprecedented deferral of over $1 billion in active player contracts has sparked controversy among MLB fans concerned about fair play.

CNBC Business
Feb 28, 2025

American Airlines to start testing free inflight Wi-Fi
American is under pressure to offer free in-flight internet after more airlines have begun offering the complimentary service.

CNBC Business
Feb 28, 2025

Trump administration, Musk's DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.

CNBC Business
Feb 28, 2025

Egg prices are threatening a classic holiday tradition: Easter dye kits
The makers of Easter egg dye kits are bracing for the potential fallout if the egg shortage doesn't begin to clear up before the April 20 holiday.

CNBC Business
Feb 27, 2025

Senators grill Trump's CFPB director pick: You are 'on the Titanic, good luck'
Since acting CFPB Director Russell Vought took over, the agency closed its Washington HQ, fired staff and told those who remain to stop nearly all work.

CNBC Business
Feb 27, 2025

Elon Musk says he's sending Starlink tech to FAA while saying, without evidence, that air safety is 'at risk'
Executives at major airlines told CNBC Thursday that they do not see the FAA infrastructure as an immediate safety risk.

CNBC Business
Feb 27, 2025

Venu is done. Here's how Fox, Disney and WBD plan to go it alone in sports streaming
Fox, Disney and Warner Bros. Discovery disbanded their efforts to launch Venu, a joint sports streaming service.

CNBC Business
Feb 27, 2025

Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units
The moves are the latest sign of the abrupt shift at the agency since acting CFPB director Russell Vought took over this month

CNBC Business
Feb 27, 2025

Paramount ends DEI policies, cites Trump executive order
Paramount Global announced it is ending numerous diversity, equity and inclusion policies to comply with President Trump's executive order banning the practice.

CNBC Business
Feb 27, 2025

Pending home sales drop to the lowest level on record in January
Home prices nationally are still higher than they were a year ago.

CNBC Business
Feb 27, 2025

Trump's proposed 'gold card' visa comes with a hidden tax break for the wealthy
President Donald Trump's proposed $5 million "gold card" for U.S. residency would be one the most expensive in the world, according to experts.

CNBC Business
Feb 27, 2025

WBD adds 6.4 million Max subscribers, forecasts 150 million subs by end of 2026
Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total of 116.9 million subscribers.

CNBC Business
Feb 26, 2025

FDA cancels vaccine advisory meeting for choosing flu strains for next season's shots
It comes as RFK Jr., a vaccine skeptic who now leads the Department of Health and Human Services, makes moves that could affect vaccination uptake and policy.

CNBC Business
Feb 26, 2025

After abrupt departure of Lucid CEO, here are the EV maker's top priorities
Interim CEO Marc Winterhoff said Lucid's top priorities include doubling vehicle production in 2025, narrowing losses and increasing customer awareness.

CNBC Business
Feb 26, 2025

Musk praises Bezos' new rules for Washington Post opinion pages as top editor resigns
Jeff Bezos said that Washington Post editorial page editor David Shipley decided to resign rather than lead the opinion section under the new policy.

CNBC Business
Feb 26, 2025

TJ Maxx parent company says it will benefit from chaotic market conditions after strong holiday
The company behind T.J. Maxx, Marshall's and HomeGoods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.

CNBC Business
Feb 26, 2025

Jeff Bezos orders Washington Post opinion pages to support 'personal liberties and free markets'; top editor resigns
Jeff Bezos said that Washington Post editorial page editor David Shipley decided to resign rather than lead the opinion section under the new policy.

CNBC Business
Feb 26, 2025

TJ Maxx parent company posts strong holiday quarter, but issues weaker-than-expected guidance
The company behind T.J. Maxx, Marshall's and HomeGoods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.

CNBC Business
Feb 26, 2025

Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.

CNBC Business
Feb 26, 2025

TJ Maxx parent company posts strong holiday, but issues weaker-than-expected guidance
The company behind T.J. Maxx, Marshall's and Home Goods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.

CNBC Business
Feb 26, 2025

Lowe's beats Wall Street expectations as it starts to break out of sales slump
Lowe's followed rival Home Depot in reporting better-than-expected quarterly sales.

CNBC Business
Feb 26, 2025

GM raises quarterly dividend, initiates $6 billion stock buyback
General Motors said Wednesday that it is raising its quarterly dividend and initiating a new $6 billion share repurchase program.

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