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CNBC Business
Jun 03, 2023

Three industries ripe for automation, according to a robotics guru
Jeff Burnstein, an automation-industry guru and president of the Association for Advancing Automation, outlines where automation could be applied next.

CNBC Business
Jun 02, 2023

FDA allows temporary import of unapproved Chinese cancer drug to ease U.S. shortage
The FDA has given Qilu Pharmaceutical permission to ship cisplatin to the U.S. to ease a national cancer drug shortage.

CNBC Business
Jun 02, 2023

West Coast ports shut down as union workers 'no show' after breakdown in wage negotiations
West Coast ports are shutting down after union workers walked off the job after a failure in negotiations with port management.

CNBC Business
Jun 02, 2023

Diamond Sports must pay four MLB teams in full, bankruptcy judge says
A bankruptcy judge said Diamond Sports must make full rights payments to MLB's Diamondbacks, Guardians, Rangers and Twins.

CNBC Business
Jun 02, 2023

States sue 3M, DuPont over toxic 'forever chemicals' found in drinking water
3M faces a bellwether trial over PFAS, set to begin Monday, that could set the tone for future lawsuits.

CNBC Business
Jun 02, 2023

Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
At least two bidders are looking to purchase Buy Buy Baby amid Bed Bath & Beyond's bankruptcy, including one that wants to keep 75% of stores open.

CNBC Business
Jun 02, 2023

Here's how the price of your beer has changed over time
Beer companies are facing hiring costs and passing those on to consumers, and drinkers are increasingly opting for spirits.

CNBC Business
Jun 02, 2023

Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says
In April, prices for food away from home rose 8.6% compared with the year-earlier period, according to the Bureau of Labor Statistics.

CNBC Business
Jun 02, 2023

Consumers keep traveling despite recession fears and inflation
Airline and other travel bookings have been strong, despite concerns about higher interest rates, inflation and an economic slowdown.

CNBC Business
Jun 01, 2023

Boeing indefinitely delays Starliner astronaut mission for NASA after discovering more issues
Boeing's Starliner crew flight test was most recently scheduled for July 21 and was due to carry a pair of NASA astronauts to the International Space Station.

CNBC Business
Jun 01, 2023

Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
Lululemon reported healthy first quarter profits that beat Wall Street's estimates.

CNBC Business
Jun 01, 2023

CNN's new COO hire underscores bond between CEO Chris Licht and WBD boss David Zaslav
CNN's hiring of David Leavy as its new chief operating officer highlights the bond between CNN CEO Chris Licht and Warner Bros. Discovery CEO David Zaslav.

CNBC Business
Jun 01, 2023

Here's why Diddy is suing Diageo over his vodka and tequila brands
The rapper and entrepreneur claimed that the company typecast his brands as "urban" and favored other celebrity brands like George Clooney's Casamigos.

CNBC Business
Jun 01, 2023

Actor Mark Wahlberg lobbies to make Las Vegas a Hollywood in the desert
Actor Mark Wahlberg is pushing Nevada lawmakers to pass a package of tax credits worth $190 million annually to woo film production to Las Vegas.

CNBC Business
Jun 01, 2023

Pentagon awards SpaceX with Ukraine contract for Starlink satellite internet
The Pentagon declined to offer additional contract details, including the price, scope and timeline of the delivery.

CNBC Business
Jun 01, 2023

Dollar General stock plunges as 'challenging' economic backdrop drives dismal earnings report
Dollar General said a worse than expected macroeconomic backdrop is impacting its customers spending, leading the discounter to slash its full year outlook.

CNBC Business
Jun 01, 2023

Dollar General stock drops as 'challenging' economic backdrop drives dismal earnings report
Dollar General said a worse than expected macroeconomic backdrop is impacting its customers spending, leading the discounter to slash its full year outlook.

CNBC Business
Jun 01, 2023

Most Americans say companies should publicly support LGBTQ community, new GLAAD survey finds
The study comes as retailers like Target, Kohl's and PetSmart have come under attack for their annual LGBTQ Pride merchandise displays and ad campaigns.

CNBC Business
Jun 01, 2023

Many Walmart shoppers will soon see new packaging as retailer tries to cut waste
By the end of the year, Walmart, the nation's biggest retailer, will also allow customers to opt out of plastic bags when using curbside pickup.

CNBC Business
Jun 01, 2023

Macy's slashes its full-year outlook even as earnings beat
Macy's gave a lower sales and earnings forecast for the year as it said discretionary spending slowed in March.

CNBC Business
Jun 01, 2023

UAW union outlines lofty demands ahead of critical negotiations with Detroit automakers
UAW leaders publicly laid out their top bargaining issues, including a cost-of-living-adjustment, job security and the end of a tiered pay system.

CNBC Business
May 31, 2023

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering
Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.

CNBC Business
May 31, 2023

This startup wants to curb fast fashion by helping you rent out your closet
The startup By Rotation aims to end the fast-fashion market and challenge clothing rental competitors by helping users rent out their own closets.

CNBC Business
May 31, 2023

Chewy shares surge after earnings beat on top and bottom lines
Chewy shares surged in extended trading after the company beat earnings estimates on the top and bottom lines.

CNBC Business
May 31, 2023

Advance Auto Parts shares plummet 35% after dismal results, cuts to outlook and dividend
The auto parts supplier blamed its Q1 results on higher-than-expected costs, inflationary pressure, supply chain problems and lower, unfavorable product mix.

CNBC Business
May 31, 2023

Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less
The high-end department store reaffirmed its full-year outlook and posted a surprise profit on an adjusted basis.

CNBC Business
May 31, 2023

Dollar General shareholders pass proposal to improve worker safety
A shareholder proposal to improve worker safety at Dollar General by conducting an independent audit passed during the retailer's annual meeting Wednesday.

CNBC Business
May 31, 2023

'The Little Mermaid's' box office will say a lot about Disney's live-action remake strategy
Disney's live-action remake of "The Little Mermaid" had a solid opening weekend, but the film's longevity at the box office will depend on word of mouth.

CNBC Business
May 31, 2023

MLB will broadcast San Diego Padres games after Diamond Sports stops payments
Bally Sports San Diego, owned by the bankrupt Diamond Sports, will no longer air Padres games beginning Wednesday.

CNBC Business
May 31, 2023

Advance Auto Parts shares plummet 30% after dismal results, cuts to outlook and dividend
The auto parts supplier blamed its Q1 results on higher-than-expected costs, inflationary pressure, supply chain problems and lower, unfavorable product mix.

CNBC Business
May 31, 2023

Advance Auto Parts shares plummet after dismal results, cuts to outlook and dividend
The auto parts supplier blamed its Q1 results on higher-than-expected costs, inflationary pressure, supply chain problems and lower, unfavorable product mix.

CNBC Business
May 31, 2023

American Airlines raises profit forecast thanks to stronger demand and cheaper fuel
American Airlines expects unit revenues to come in better than previously expected for the second quarter.

CNBC Business
May 31, 2023

Not just shoplifting: Here's why companies say retail theft is such a big deal
Shrink, retail theft and organized retail theft are often cited by retailers as a reason for lower profits, but the terms are distinctly different.

CNBC Business
May 31, 2023

New study pegs the median age of the world's billionaires at 67
While tech wunderkinds and music and sports celebrities may get the most attention, the world's billionaires are largely aging entrepreneurs.

CNBC Business
May 30, 2023

Goldman Sachs is cutting jobs again amid Wall Street deals slump
Goldman Sachs, more tied to the ups and downs of Wall Street than its rivals, is cutting jobs again.

CNBC Business
May 30, 2023

Memorial Day air travel tops 2019 levels as consumers keep shelling out for trips
The Transportation Security Administration said it screened nearly 9.8 million people over Memorial Day weekend.

CNBC Business
May 30, 2023

Home price declines may be over, S&P Case-Shiller says
Nationally, home prices in March were 0.7% higher than March 2022, the S&P CoreLogic Case-Shiller Indices said.

CNBC Business
May 29, 2023

Restaurants expect strong sales this summer. Consumers aren't so sure
Last year, restaurant sales in May, June and July were tepid as higher gas prices and concerns about the economy weighed on consumers.

CNBC Business
May 29, 2023

Streaming services are removing tons of movies and shows — it's not personal, it's strictly business
Consumers thought streaming would be forever, but library content is disappearing as studios seek to cut costs.

CNBC Business
May 28, 2023

Global audience demand for streaming Asian movies, series grows with hits like 'Squid Game'
Viewership for Asian TV content is growing on streaming services in the U.S., following popular hits like "Squid Game" and "Everything Everywhere All At Once."

CNBC Business
May 27, 2023

Why major commercial real estate firms are joining resources to recruit Black student-athletes
A paid internship program that teaches the fundamentals of real estate investing has launched a new partnership with Black student-athletes.

CNBC Business
May 26, 2023

Disney rips DeSantis bid to disqualify judge in free speech lawsuit
Disney urged a federal court to reject a request by Florida Gov. Ron DeSantis to disqualify the judge overseeing the company's lawsuit against the governor.

CNBC Business
May 26, 2023

JPMorgan Chase cut about 500 jobs this week, including technology and operations roles
Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill roles.

CNBC Business
May 26, 2023

JPMorgan Chase cut about 500 technology and operations jobs this week, sources say
Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill roles.

CNBC Business
May 26, 2023

Ford's EV charging deal with Tesla puts pressure on GM, other rival automakers
A surprise deal between Ford and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers' EV strategies.

CNBC Business
May 26, 2023

Disney still has plans to spend billions in Florida despite its battle with DeSantis
Disney's fight with the Florida governor has taken on new significance now that DeSantis is running for president.

CNBC Business
May 25, 2023

Ford EVs will use Tesla charging tech in surprise partnership between rival automakers
Ford Motor will partner with Tesla on several charging initiatives for its current and future electric vehicles in an unusual tie-up.

CNBC Business
May 25, 2023

Gap shares soar after retailer reports big improvement in margins
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.

CNBC Business
May 25, 2023

JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.

CNBC Business
May 25, 2023

Gap shares jump after retailer reports big improvement in margins
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.

CNBC Business
May 25, 2023

JPMorgan Chase says Jeffrey Epstein paid tuition for kids of U.S. Virgin Islands governor
The U.S. Virgin Islands alleges in a lawsuit JPMorgan Chase facilitated sex trafficking by Jeffrey Epstein, a predator who lived in the American territory.

CNBC Business
May 25, 2023

Tesla CEO Elon Musk, Ford CEO Jim Farley to host Twitter Spaces talk about EVs Thursday
The online discussion between rivals comes as Ford attempts to ramp up production of its EVs in an attempt to catch up to Tesla's sales.

CNBC Business
May 25, 2023

DirecTV reaches deal to provide NFL 'Sunday Ticket' to bars and restaurants
DirecTV gave up NFL Sunday Ticket residential rights for next season, but it will continue to be the commercial provider for the package.

CNBC Business
May 25, 2023

Illumina shareholders oust board chair, CEO survives Carl Icahn proxy battle
Carl Icahn has accused Illumina's management and board of poor oversight, particularly with regard to the company's acquisition of cancer test maker Grail.

CNBC Business
May 25, 2023

NRO director says commercial space industry helps fuel the spy satellite agency's ambitious goals
NRO Director Chris Scolese said the agency is looking to advance new technologies like artificial intelligence, machine learning and quantum sensing.

CNBC Business
May 25, 2023

DirecTV reaches deal to provide NFL 'Sunday Ticket' to bars and restaurants, sources say
DirecTV gave up NFL Sunday Ticket residential rights for next season, but it will continue to be the commercial provider for the package.

CNBC Business
May 25, 2023

Virgin Galactic completes Unity 25 spaceflight in key final test before commercial service
It's a crucial moment for Virgin Galactic, which has suffered repeated setbacks, several disasters and years of delays in developing its spaceflight system.

CNBC Business
May 25, 2023

Ford CEO Jim Farley says Chinese automakers such as BYD are its greatest EV rivals
Ford CEO Jim Farley used Warren Buffett-backed BYD as the prime example of a Chinese automaker that has successfully developed and sold electric vehicles.

CNBC Business
May 25, 2023

FDA grants full approval to Pfizer Covid treatment Paxlovid for high-risk adults
Pfizer and the FDA view Paxlovid as an important complementary tool to vaccination that can help high-risk Americans manage their Covid infections.

CNBC Business
May 25, 2023

Dollar Tree shares plunge after company misses on earnings, slashes full-year profit outlook
Dollar Tree disappointed Wall Street Thursday after it reduced its profit outlook for the year and missed on earnings estimates, sending shares plunging.

CNBC Business
May 25, 2023

Best Buy shares rise on earnings beat, even as CEO says shoppers are showing 'recessionary behaviors'
Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.

CNBC Business
May 25, 2023

Sandra Douglass Morgan helped shape sports betting around the country. Now she's leading the NFL's Raiders
Sandra Douglass Morgan became a gaming regulator the same year the Supreme Court cleared the path for legalized sports betting.

CNBC Business
May 25, 2023

American Eagle Outfitters shares sink as retailer lowers forecast
The mall-based retailer's results diverged from Abercrombie & Fitch's earlier in the day.

CNBC Business
May 25, 2023

Virgin Galactic attempts final test flight before beginning ticketed space trips
It's a crucial moment for Virgin Galactic, which has suffered repeated setbacks, several disasters and years of delays in developing its spaceflight system.

CNBC Business
May 25, 2023

Best Buy shares rise on earnings beat, even as electronics sales slow
Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.

CNBC Business
May 24, 2023

American Eagle Outfitters shares plunge as retailer lowers forecast
The mall-based retailer's results diverged from Abercrombie & Fitch's earlier in the day.

CNBC Business
May 24, 2023

Iconic singer Tina Turner dies at 83
Singer Tina Turner has died at the age of 83 after a long illness, a spokesperson said Wednesday.

CNBC Business
May 24, 2023

Astranis says its first internet satellite is working 'perfectly' as company prepares to bring coverage to Alaska
"We have a new way of connecting people in some of the most remote and underserved parts of the world," Astranis CEO John Gedmark told CNBC.

CNBC Business
May 24, 2023

Abercrombie & Fitch surges more than 30% after reporting surprise profit
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first-quarter profit, sending shares surging.

CNBC Business
May 24, 2023

Not just Disney: DeSantis brings history of business battles to the presidential campaign
Ron DeSantis is slated to launch his presidential campaign on Twitter during a conversation with Elon Musk, becoming Donald Trump's top rival.

CNBC Business
May 24, 2023

Kohl's shares jump as retailer reports a surprise profit
Kohl's unexpectedly posted a profit and reaffirmed its full-year guidance.

CNBC Business
May 24, 2023

Citigroup to spin off its Mexico business, Banamex, after sale efforts collapse
Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, ditching long-running sales talks with several suitors.

CNBC Business
May 24, 2023

Abercrombie & Fitch surges more than 20% after reporting surprise profit
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first-quarter profit, sending shares surging.

CNBC Business
May 24, 2023

Citigroup to spin off its Mexico business through IPO
Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, making formal a long-telegraphed spinoff.

CNBC Business
May 24, 2023

Abercrombie & Fitch surges 18% after reporting surprise profit
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first quarter profit, sending shares surging.

CNBC Business
May 24, 2023

Kohl's shares spike as retailer reports a surprise profit
Kohl's unexpectedly posted a profit and reaffirmed its full-year guidance.

CNBC Business
May 24, 2023

First Astranis internet satellite working ‘perfectly' as company readies to bring coverage to Alaska
"We have a new way of connecting people in some of the most remote and underserved parts of the world," Astranis CEO John Gedmark told CNBC.

CNBC Business
May 24, 2023

Mortgage demand drops again as rates cross back over 7%
The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. The highest level since early March.

CNBC Business
May 23, 2023

Netflix password-sharing crackdown rolls out in the U.S.
After months of anticipation, Netflix began its password-sharing crackdown in the United States.

CNBC Business
May 23, 2023

Nike CEO John Donahoe says breaking up with China would be 'disastrous' amid rising geopolitical tensions
As China steps up aggression against Taiwan, Nike CEO John Donahoe said risk is everywhere but decoupling from the region would be 'disastrous.'

CNBC Business
May 23, 2023

BlackRock bond chief Rieder says U.S. economy in 'much better shape' than doomsayers say
Rick Rieder, a three-decade market veteran who oversees $2.4 trillion for BlackRock, is optimistic on the investment outlook despite the debt-ceiling impasse.

CNBC Business
May 23, 2023

Netflix password sharing crackdown rolls out in the U.S.
After months of anticipation, Netflix began its password sharing crackdown in the United States.

CNBC Business
May 23, 2023

Peloton aims to rebrand as a fitness company for all with focus on app, tiered subscription pricing
Peloton has long been considered an in-home bike company for fitness junkies, but the company is working to change that by making its app accessible to all.

CNBC Business
May 23, 2023

Nike CEO John Donahoe says brands need to stand by their values amid DeSantis, Disney feud
Nike CEO John Donahoe said during the inaugural CNBC CEO Council Summit it's important for corporations to fight for the values integral to their brands.

CNBC Business
May 23, 2023

Nike CEO John Donahoe says disengaging from China would be 'disastrous' amid rising geopolitical tensions
As China steps up aggression against Taiwan, Nike CEO John Donahoe said risk is everywhere but decoupling from the region would be 'disastrous.'

CNBC Business
May 23, 2023

Lowe's cuts full-year sales forecast, even as it tops earnings and revenue estimates
Lowe's beat first-quarter earnings expectations but lowered its full-year sales outlook.

CNBC Business
May 23, 2023

Panera Bread parent announces CEO transition as it prepares for 'eventual IPO'
Panera Brands CEO Niren Chaudhary will be succeeded by Einstein Bros. Bagels CEO Jose Duenas, effective July 1.

CNBC Business
May 23, 2023

Lowe's cuts full-year sales forecast, as spending on do-it-yourself projects weakens
Lowe's beat first-quarter earnings expectations but lowered its full-year sales outlook.

CNBC Business
May 23, 2023

United Airlines adds more flights, new lounges in fast-growing Denver
United plans to add 35 flights to the Denver airport and boost daily departures to about 450.

CNBC Business
May 22, 2023

SpaceX set to join FAA to fight environmental lawsuit that could delay Starship work
SpaceX Chief Financial Officer Bret Johnsen outlined potential business and financial consequences for the company if the environmentalists win the lawsuit.

CNBC Business
May 22, 2023

Jamie Dimon warns souring commercial real estate loans could threaten some banks
U.S. banks have experienced historically low loan defaults over the last few years due to low interest rates and the flood of Covid stimulus money.

CNBC Business
May 22, 2023

Paramount streaming service to merge with Showtime on June 27
Paramount's combined Paramount and Showtime streaming service will launch on June 27.

CNBC Business
May 22, 2023

Walmart will offer pet telehealth in latest bid to compete with Amazon
Walmart has partnered with pet telehealth provider Pawp to offer the service free to its Walmart members for a year to make the membership more valuable.

CNBC Business
May 22, 2023

Pfizer oral weight loss drug may be as effective as Ozempic injection by Novo Nordisk, study says
Danuglipron, made by Pfizer could offer an advantage as an oral treatment option for weight loss over a frequent injection of Ozempic, made by Novo Nordisk.

CNBC Business
May 22, 2023

Pfizer oral weight loss drug may be as effective as, quicker than Ozempic injection by Novo Nordisk, study says
Danuglipron, made by Pfizer could offer an advantage as an oral treatment option for weight loss over a frequent injection of Ozempic, made by Novo Nordisk.

CNBC Business
May 22, 2023

Ford lays out its plans to ramp EVs and boost profits in key capital markets day
Ford CEO Jim Farley kicked off the day discussing the company's growth plans for its gas-powered, fleet, and electric business units.

CNBC Business
May 22, 2023

SpaceX delivers private Axiom crew to the space station, carrying Saudi astronauts
SpaceX delivered another quartet of astronauts to the International Space Station on Monday morning.

CNBC Business
May 22, 2023

GM will introduce an all-electric Cadillac Escalade 'IQ' later this year
GM said the new SUV will be called the "Escalade IQ," which continues Cadillac's EV naming strategy that so far includes the Lyriq and upcoming Celestiq.

CNBC Business
May 22, 2023

Ford announces key EV minerals deals ahead of crucial capital markets day
The automaker has said it plans to be producing EVs at a rate of 2 million per year by 2026.

CNBC Business
May 22, 2023

JPMorgan Chase raises key revenue target to $84 billion after First Republic takeover
Longtime JPMorgan CEO Jamie Dimon is expected to speak in a question-and-answer session this afternoon.

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