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CNBC Business
Feb 28, 2024

TJX tops earnings estimates but issues light guidance ahead of uncertain growth path
Off-price giant TJX Companies, which runs TJ Maxx, Marshall's and Homegoods, saw sales rise 13% during its holiday quarter.

CNBC Business
Feb 28, 2024

FAA gives Boeing 90 days to come up with quality control plan after 737 Max accident
The FAA said Boeing has 90 days to come up with a plan to improve quality control.

CNBC Business
Feb 28, 2024

Novavax stock falls 20% as vaccine maker misses quarterly estimates, sees sluggish 2024 sales
Novavax narrowed its losses in the quarter compared to the same period a year ago, even as demand for Covid products continues to plummet worldwide.

CNBC Business
Feb 28, 2024

TJX tops earnings estimates as holiday sales jump 13%
Off-price giant TJX Companies, which runs TJ Maxx, Marshall's and Homegoods, saw sales rise 13% during its holiday quarter.

CNBC Business
Feb 28, 2024

Starbucks to hike wages for some union workers as it thaws relationship with Workers United
Starbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in May 2022.

CNBC Business
Feb 28, 2024

The hottest housing markets for the super rich in 2024
One-quarter of the ultrawealthy people in the U.S. plan to buy a home this year, and they're increasingly venturing to the luxury real estate market overseas.

CNBC Business
Feb 27, 2024

Rocket Lab says contract backlog tops $1 billion, outlines Neutron progress toward first launch
Rocket Lab is making steady progress on the development of its Neutron vehicle, as it aims to launch the rocket for the first time near the end of this year.

CNBC Business
Feb 27, 2024

Starbucks to hike wages for union workers as it thaws relationship with Workers United
Starbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in May 2022.

CNBC Business
Feb 27, 2024

Viking Therapeutics stock jumps 120% after positive weight loss drug trial results
Analysts have suggested that larger pharmaceutical companies could potentially move to acquire a company like Viking Therapeutics.

CNBC Business
Feb 27, 2024

Viking Therapeutics stock jumps 115% after positive weight loss drug trial results
Analysts have suggested that larger pharmaceutical companies could potentially move to acquire a company like Viking Therapeutics.

CNBC Business
Feb 27, 2024

Warner Bros. Discovery halts merger talks with Paramount Global, sources say
Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.

CNBC Business
Feb 27, 2024

Here are this year's most competitive rental markets
Miami is the most competitive city in the nation for renters, but on a regional level, the Midwest ranks first for competition.

CNBC Business
Feb 27, 2024

Viking Therapeutics stock jumps 90% after positive weight loss drug trial results
Analysts have suggested that larger pharmaceutical companies could potentially move to acquire a company like Viking Therapeutics.

CNBC Business
Feb 27, 2024

Cava stock pops after blunder leads to early earnings release
The Mediterranean chain topped Wall Street's estimates for both its earnings and revenue.

CNBC Business
Feb 27, 2024

Macy's will close about 150 department stores, but open new locations of better performing chains
Macy's plans to close some namesake stores and open new Bloomingdale's and Bluemercury locations that reflect what's working at the retailer.

CNBC Business
Feb 27, 2024

Norwegian Cruise Line reports first profitable year since 2019
For the full year 2024, the company expects an adjusted profit of about $635 million, or $1.23 per share.

CNBC Business
Feb 27, 2024

Hybrids lead Consumer Reports' top 10 new vehicle picks
Toyota Motor had the most top picks of any automaker, at four, followed by Subaru at two. Tesla, Ford Motor, Mazda and BMW each had one vehicle on the list.

CNBC Business
Feb 27, 2024

Four reasons Walmart wants to buy smart TV maker Vizio
With the move, the big-box retailer is pushing deeper into the world of advertising.

CNBC Business
Feb 27, 2024

Viking Therapeutics stock jumps 80% after positive weight loss drug trial results
Analysts have suggested that larger pharmaceutical companies could potentially move to acquire a company like Viking Therapeutics.

CNBC Business
Feb 27, 2024

Macy's posts another quarter of falling sales as it unveils strategy to get back to growth
The 166-year-old department store operator got a new CEO earlier this month.

CNBC Business
Feb 27, 2024

Lowe's beats earnings estimates as sales fall — and the company expects revenue to slide again this year
Lowe's beat lower expectations for its fourth quarter, and said it expects sales to fall again in its current fiscal year.

CNBC Business
Feb 26, 2024

FAA closes Starship investigation as SpaceX seeks license for next launch
The Federal Aviation Administration on Monday announced the close of its investigation alongside SpaceX into the second Starship flight.

CNBC Business
Feb 26, 2024

Altice USA shares spike 36% on report Charter is considering acquisition
Altice USA shares rose as much as 50% after reports Charter is considering a takeover.

CNBC Business
Feb 26, 2024

Altice USA shares spike 50% on report Charter is considering acquisition
Altice USA shares rose as much as 50% after reports Charter is considering a takeover.

CNBC Business
Feb 26, 2024

Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete'
Dimon acknowledged that if regulators approve the Capital One-Discover deal, his bank will be eclipsed as the nation's biggest credit-card lender.

CNBC Business
Feb 26, 2024

FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
The FTC, which was joined by a group of attorneys general, argued the $24.6 billion Kroger-Albertsons deal would hurt competition in the grocery industry.

CNBC Business
Feb 26, 2024

Lunar landing photos: Intuitive Machines' Odysseus sends back first images from the moon
Intuitive Machines' cargo moon lander Odysseus returned its first images from the surface.

CNBC Business
Feb 25, 2024

Consumers are tired of inflation. But some retailers fear falling prices
Deflation could put pressure on retailers and brands to drive more volume, debut innovative products and find other ways to cover costs such as higher wages.

CNBC Business
Feb 24, 2024

Why airlines are raising baggage fees — and charging you more at the airport
American, JetBlue, United and other airlines now charge different prices for luggage depending on when travelers pay for the service.

CNBC Business
Feb 23, 2024

Warner Bros. Discovery shares drop 10% as company misses estimates, warns of 2024 cash flow headwinds
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.

CNBC Business
Feb 23, 2024

United Airlines raises checked bag fee $5, following American
United Airlines followed American, JetBlue and Alaska in raising baggage fees.

CNBC Business
Feb 23, 2024

Warner Bros. Discovery is hyping free cash flow. Investors don't appear to be buying it
Warner Bros. Discovery Chief Executive Officer David Zaslav has championed generating free cash flow for more than a year, but investors may not care.

CNBC Business
Feb 23, 2024

Intuitive Machines stock jumps in wild trading after moon landing
Shares of Intuitive Machines surged in early trading Friday after the company's successful first moon landing.

CNBC Business
Feb 23, 2024

Carvana stock surges on first annual profit, pair of analyst upgrades
Wall Street analysts upgraded the stock citing profit trends and a positive retail sales forecast.

CNBC Business
Feb 23, 2024

New sickle cell gene therapies are a breakthrough, but solving how to pay their high prices is a struggle
Breakthrough sickle cell treatments are available in the U.S., but their high cost is forcing insurers to get creative.

CNBC Business
Feb 23, 2024

Warner Bros. Discovery shares drop 12% as company misses estimates, warns of 2024 cash flow headwinds
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.

CNBC Business
Feb 23, 2024

Intuitive Machines jumps in wild trading after moon landing
Shares of Intuitive Machines surged in early trading on Friday after the company's successful first moon landing.

CNBC Business
Feb 23, 2024

Warner Bros. Discovery misses estimates for revenue and profit but boosts free cash flow
Warner Bros. Discovery boosted free cash flow but the company fell short of analyst estimates for revenue and profit.

CNBC Business
Feb 22, 2024

Intuitive Machines lands on the moon in historic first for a U.S. company
Intuitive Machines IM-1 mission reached the moon's surface on Thursday evening, in the first American lunar landing since the Apollo era.

CNBC Business
Feb 22, 2024

Watch Intuitive Machines attempt the first U.S. moon landing in over 50 years
Lunar company Intuitive Machines is going for history on Thursday, attempting what would be the first American lunar landing since the Apollo era.

CNBC Business
Feb 22, 2024

Rivian and Lucid shares plunge after weak EV earnings reports
Shares of electric vehicle makers Rivian and Lucid fell Thursday after the companies reported stagnant production in their fourth-quarter earnings.

CNBC Business
Feb 22, 2024

Capital One's acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capitol One agreed to purchase rival credit card player Discover for $35.3 billion.

CNBC Business
Feb 22, 2024

Intuitive Machines stock has more than tripled. How Wall Street reads the moon-fueled rally
It's a rally that Wall Street analysts describe as fueled by retail investors' excitement for the space company's progress toward an unprecedented goal.

CNBC Business
Feb 22, 2024

Moderna stock jumps after company posts surprise quarterly profit even as Covid vaccine sales plunge
Moderna reiterated its full-year 2024 sales guidance of roughly $4 billion.

CNBC Business
Feb 22, 2024

Moderna stock jumps 15% after company posts surprise quarterly profit even as Covid vaccine sales plunge
Moderna reiterated its full-year 2024 sales guidance of roughly $4 billion.

CNBC Business
Feb 22, 2024

Novavax stock jumps after company settles dispute over canceled Covid vaccine purchase
The total amount Novavax will pay depends on whether Gavi decides to order more Covid shots from the cash-strapped company over the next five years.

CNBC Business
Feb 22, 2024

Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting
Sales of previously owned homes rose in January, boosted by lower mortgage interest rates of November and December.

CNBC Business
Feb 22, 2024

Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown on wealthy taxpayers, partnerships and large companies.

CNBC Business
Feb 22, 2024

Novavax stock soars 20% after company settles dispute over canceled Covid vaccine purchase
The total amount Novavax will pay depends on whether Gavi decides to order more Covid shots from the cash-strapped company over the next five years.

CNBC Business
Feb 22, 2024

Intuitive Machines stock has surged 300%. How Wall Street reads the moon-fueled rally
It's a rally that Wall Street analysts describe as fueled by retail investors' excitement for the space company's progress toward an unprecedented goal.

CNBC Business
Feb 22, 2024

Novavax to settle dispute over canceled Covid vaccine purchase agreement
The total amount Novavax will pay depends on whether Gavi decides to order more Covid shots from the cash-strapped company over the next five years.

CNBC Business
Feb 22, 2024

Moderna posts surprise quarterly profit even as Covid vaccines sales plummet
Moderna reiterated its full-year 2024 sales guidance of roughly $4 billion.

CNBC Business
Feb 21, 2024

Boeing replaces head of troubled 737 Max program
Boeing replaced the head of its troubled 737 program after a fuselage panel blew midair during an Alaska Airlines flight last month.

CNBC Business
Feb 21, 2024

Ford, UAW reach local labor deal to avert strike at Kentucky plant
Ford reached a tentative deal with the United Auto Workers on Wednesday to avert a strike at the automakers most profitable plant.

CNBC Business
Feb 21, 2024

Here's why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One is betting that owning a global payments network protects it against a rising tide of fintech and regulatory threats.

CNBC Business
Feb 21, 2024

Beyond Meat launches new, healthier version of burger in bid to bring back customers
Beyond Meat's move comes as retail sales of meat alternatives have fallen 33.6% compared with a year ago, according to Circana data.

CNBC Business
Feb 20, 2024

FuboTV sues Disney, Fox, Warner Bros. over sports joint venture
FuboTV cited what it calls "extreme suppression of competition in the U.S. sports-focused streaming market."

CNBC Business
Feb 20, 2024

Lunar company Intuitive Machines' stock surges 50% to trade above SPAC debut price
Shares of Intuitive Machines jumped for a third consecutive trading session as the company's first moon mission completed further milestones.

CNBC Business
Feb 20, 2024

AbbVie taps longtime executive Robert Michael as new CEO, succeeding Richard Gonzalez
Michael, who is AbbVie's chief operating officer, will become the company's second-ever CEO since the company spun out from Abbott Laboratories in 2013.

CNBC Business
Feb 20, 2024

Activist Arkhouse launches proxy fight at Macy's, nominates nine directors
Arkhouse has launched a proxy fight at department store Macy's, nominating nine directors following a rejected take-private bid.

CNBC Business
Feb 20, 2024

Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
The SOC is pushing to replace three members of the Starbucks board, claiming the reputational risk of the union fight has hurt shareholder value.

CNBC Business
Feb 20, 2024

American Airlines raises bag fees, won't allow some travel agency bookings to earn miles
American Airlines will start charging travelers $40 for a checked bag at the airport and $35 if purchased online.

CNBC Business
Feb 20, 2024

Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business
Walmart touted the ability to grow its ad business through a Vizio TV platform that allows users to watch free ad-supported content.

CNBC Business
Feb 20, 2024

Walmart beats Wall Street's holiday expectations as e-commerce sales soar
Walmart beat holiday-quarter earnings expectations and said it would buy smart TV maker Vizio.

CNBC Business
Feb 20, 2024

Walmart beats Wall Street's holiday expectations, as e-commerce sales soar
Walmart has attracted value-driven customers, but warned of the risk of deflation.

CNBC Business
Feb 20, 2024

Home Depot beats earnings, sales estimates even as consumers take on smaller home improvement projects
Home Depot has seen sales slow as consumers buy fewer big-ticket items and spend on experiences instead of goods.

CNBC Business
Feb 20, 2024

Walmart will report earnings before the bell. Here's what to expect
Walmart has attracted value-driven customers, but warned of the risk of deflation.

CNBC Business
Feb 19, 2024

Disney star turned space CEO: Bridgit Mendler launches satellite data startup backed by major VCs
Already, Northwood is attracting high-profile venture investors, with about $6 million in initial funding raised from investors including Andreessen Horowitz.

CNBC Business
Feb 18, 2024

Companies — profitable or not — make 2024 the year of cost cuts
The largest U.S. companies are cutting jobs and reducing expenses as Americans pull back after a period of aggressive inflation.

CNBC Business
Feb 16, 2024

Carl Icahn wins seats on JetBlue board after taking stake in airline
Carl Icahn won two board seats at JetBlue Airways, days after disclosing a nearly 10% in the carrier and talks for board representation.

CNBC Business
Feb 16, 2024

Intuitive Machines stock jumps after company says moon mission is in 'excellent health'
Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that its moon lander mission "is in excellent health."

CNBC Business
Feb 16, 2024

Shopping online at 2 a.m.? That's a red flag for buy now, pay later lender Affirm
Affirm, run by PayPal co-founder Max Levchin, is among a new breed of fintech lenders competing against credit cards issued by banks.

CNBC Business
Feb 16, 2024

UAW threatens to strike Ford truck plant in Kentucky if local issues aren't resolved
The union said "core issues" at the plant include health and safety as well as "Ford's continued attempts to erode the skilled trades at Kentucky Truck Plant."

CNBC Business
Feb 16, 2024

Mortgage rates shoot to 2-month high after new report shows inflation is still hot
The average rate on the 30-year fixed mortgage jumped to 7.14%, according to Mortgage News Daily. That is the highest level in two months.

CNBC Business
Feb 16, 2024

Intuitive Machines stock jumps 16% after company says moon mission is in 'excellent health'
Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that its moon lander mission "is in excellent health."

CNBC Business
Feb 16, 2024

Family offices are going on the offensive, trading cash for alternative assets
Their favorite alternatives include private credit, infrastructure, private equity and commodities.

CNBC Business
Feb 16, 2024

Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring
Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as it looks to redeploy its resources amid a broad restructuring.

CNBC Business
Feb 16, 2024

What will retail look like in five years? Top industry executives share their predictions
CNBC spoke with a dozen of the retail industry's top executives and leaders to get a sense of what's next for the retail industry.

CNBC Business
Feb 16, 2024

Starbucks has a new accessible store design. Take a look inside
Changes include tweaks to the cafe's lighting and acoustics, as well as lower counters.

CNBC Business
Feb 15, 2024

DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
DraftKings missed Wall Street's expectations on Thursday after the bell but increased its year-over-year revenue by 44%.

CNBC Business
Feb 15, 2024

Shake Shack stock surges 26% on fourth-quarter profit, strong 2024 outlook
For 2024, Shake Shack expects to grow total revenue by 11% to 15% and open 80 new restaurants.

CNBC Business
Feb 15, 2024

Intuitive Machines stock spikes 35% as company's first moon mission starts
The company went public via a SPAC merger last year and, despite nearly doubling so far this year, trades at about half the stock's debut price.

CNBC Business
Feb 15, 2024

Wells Fargo says regulator has lifted a key penalty tied to its 2016 fake accounts scandal
The Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail products and services.

CNBC Business
Feb 15, 2024

Wells Fargo says regulators have lifted a key penalty tied to its 2016 fake accounts scandal
The Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail products and services.

CNBC Business
Feb 15, 2024

Younger generations have gained more wealth than other age groups since 2019, study says
The biggest driver of the wealth gains for younger generations was stocks, according to the study.

CNBC Business
Feb 15, 2024

Intuitive Machines stock spikes 30% as company's first moon mission starts
The company went public via a SPAC merger last year and, despite nearly doubling so far this year, trades at about half the stock's debut price.

CNBC Business
Feb 15, 2024

Ford CEO tells Wall Street to forget Tesla, says 'Pro' business is the future of the auto industry
Ford Pro is made up of the automaker's traditional fleet and commercial businesses as well as emerging telematics, logistics and other connective operations.

CNBC Business
Feb 15, 2024

Intuitive Machines stock spikes as lunar company's first moon mission begins
The company went public via a SPAC merger last year and, despite nearly doubling so far this year, trades at about half the stock's debut price.

CNBC Business
Feb 15, 2024

Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook
For 2024, Shake Shack expects to grow total revenue by 11% to 15% and open 80 new restaurants.

CNBC Business
Feb 15, 2024

True Religion explores a sale as maximalist, Y2K-era styles make a comeback
Jeans brand True Religion, known for its stitching and horseshoe logo, is exploring a sale after returning to growth and profitability.

CNBC Business
Feb 15, 2024

Moon company Intuitive Machines begins first mission after SpaceX launch
If fully successful, the IM-1 cargo mission would be the first U.S. lunar landing in more than 50 years.

CNBC Business
Feb 15, 2024

Pay TV distributors may be planning their attack against new sports joint venture
The key question for pay TV distributors such as Comcast, Charter and DirecTV is whether they'll be able to offer the same sports bundle as the joint venture.

CNBC Business
Feb 14, 2024

After 8 months stuck in orbit, Varda's drug spacecraft gets FAA approval to return
Space startup Varda received long-awaited approval from the Federal Aviation Administration on Wednesday to return its first spacecraft.

CNBC Business
Feb 14, 2024

Biden administration examining role of supply chain middlemen in generic drug shortages
The FTC and HHS are seeking public comment on the contracting practices and market concentration of group purchasing organizations and drug wholesalers.

CNBC Business
Feb 14, 2024

Phoenix Suns owner Mat Ishbia forms new investment group called Player 15
Player 15 will house the Phoenix Suns, the Phoenix Mercury and the newly acquired G-League team for the Suns, as well as operations of the Footprint Center.

CNBC Business
Feb 14, 2024

Done with diamonds? Gemstone engagement rings are capturing hearts and market share
A decade ago, about 5% of engagement rings were colored gemstones. Now, it's more than 15%.

CNBC Business
Feb 14, 2024

'Anyone But You' could spark a rom-com renaissance in Hollywood
"Anyone But You" proves that romantic comedies still have a space in theaters and audiences will turn up for them.

CNBC Business
Feb 13, 2024

Pilots got their payday. Now flights attendants are pushing airlines for higher wages
Flight attendants picketed around the U.S. Tuesday to demand higher pay and better working conditions.

CNBC Business
Feb 13, 2024

Airfare is down, but here's why that may not last for long
Airfare fell 6.4% in January from a year earlier, according to the latest inflation report.

CNBC Business
Feb 13, 2024

Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
Molson Coors gained market share after the Bud Light boycott last year. Now executives believe they can maintain the growth they've seen in the past year.

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