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CNBC Business
Nov 20, 2024

Hyundai reveals all-electric Ioniq 9 three-row SUV
Hyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV a three-row, up to seven-passenger SUV for the U.S. market.

CNBC Business
Nov 20, 2024

Comcast's cable network spinoff may be a signal to the media industry for necessary change
Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.

CNBC Business
Nov 20, 2024

Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years
Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.

CNBC Business
Nov 20, 2024

American Airlines to shame boarding line cutters with new technology
American Airlines plans to roll out the new technology to 100 airports across the country.

CNBC Business
Nov 20, 2024

Delta expects higher profits thanks to high-end travel and 'resilient economy'
Delta, the most profitable U.S. airline, expects to expand capacity by no more than 4% year-over-year in 2025.

CNBC Business
Nov 20, 2024

McDonald's preparing a 2025 'McValue' offering
In its most recent quarter, McDonald's reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%.

CNBC Business
Nov 20, 2024

Cleveland launches formal bid for a WNBA team
The Cavs said Thursday they and Rock Entertainment Group had formally submitted a proposal for a WNBA expansion team.

CNBC Business
Nov 20, 2024

Delta forecasts profit growth thanks to high-end travel and 'resilient economy'
Delta, the most profitable U.S. airline, expects to expand capacity by no more than 4% year-over-year in 2025.

CNBC Business
Nov 20, 2024

Target shares plunge 15% after discounter cuts forecast, posts biggest earnings miss in two years
Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.

CNBC Business
Nov 20, 2024

Comcast to spin off cable networks as subscribers flee the bundle
Comcast on Wednesday announced the spinoff of its cable networks, including CNBC, MSNBC and E!.

CNBC Business
Nov 20, 2024

TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story
TJX Companies is continuing to grow sales as competitors like Target and Macy's struggle to win over shoppers.

CNBC Business
Nov 20, 2024

CNBC's Official NHL Team Valuations 2024: Here's how the 32 franchises stack up
The average NHL team is worth $1.92 billion, and recent transactions are commanding revenue multiples that rival deals done in the MLB.

CNBC Business
Nov 20, 2024

NHL looks beyond U.S., Canada for league growth
International expansion means more robust recruiting, a bigger audience and more revenue and sponsorship opportunities.

CNBC Business
Nov 20, 2024

The NHL has strict rules for how much teams can spend. Here's how it works
The NHL is one of two of the big four North American sports leagues with a hard salary cap.

CNBC Business
Nov 20, 2024

Utah Hockey Club is beefing up Salt Lake City's roster as a sports hub
The NHL's Utah Hockey Club is solidifying Salt Lake City as the next sports hub, with the help of a fast-growing economy and tech billionaire Ryan Smith.

CNBC Business
Nov 20, 2024

Delta CEO says Trump administration's approach to regulation could be 'breath of fresh air'
Delta CEO Ed Bastian said the Trump administration could address governmental "overreach" in regulation.

CNBC Business
Nov 20, 2024

Target shares plunge 20% after discounter cuts forecast, posts biggest earnings miss in two years
Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.

CNBC Business
Nov 20, 2024

Delta forecasts more sales growth in 2025 thanks to high-end demand, 'resilient economy'
Delta, the most profitable U.S. airline, expects to expand capacity by no more than 4% year-over-year in 2025.

CNBC Business
Nov 20, 2024

Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031
The Disney Treasure will make its maiden voyage in December, officially becoming the sixth ship in the company's cruise line.

CNBC Business
Nov 20, 2024

Target will report earnings before the bell. Here's what to expect
Target has cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.

CNBC Business
Nov 19, 2024

Comcast will announce the spinoff of cable networks Wednesday, sources say
Comcast is planning to announce the spinoff of its cable networks, including CNBC, MSNBC and E!, on Wednesday, according to a source familiar with the matter.

CNBC Business
Nov 19, 2024

Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
Comcast is planning to announce the spinoff of its cable networks, including CNBC, MSNBC and E!, on Wednesday, according to a source familiar with the matter.

CNBC Business
Nov 19, 2024

SpaceX completes sixth Starship flight, splashes down both booster and spacecraft
SpaceX launched its sixth Starship test flight to date on Tuesday.

CNBC Business
Nov 19, 2024

Mike Tyson, Jake Paul fight was the most-streamed sporting event ever, Netflix says
Netflix said 108 million global viewers tuned in for the fight between Tyson and Paul, a major test for the streamer in the live sports realm.

CNBC Business
Nov 19, 2024

CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices
The complaint is the latest move in a bitter legal fight between the U.S.'s three largest so-called pharmacy benefit managers, or PBMs, and the FTC.

CNBC Business
Nov 19, 2024

Stellantis delays Ram electric pickup truck until 2025
Stellantis is delaying the launch of its Ram electric pickup truck from this year until the first half of 2025.

CNBC Business
Nov 19, 2024

Stellantis delays Ram electric pickup trucks until 2025
Stellantis is delaying the launch of its Ram electric pickup trucks from this year until the first half of 2025.

CNBC Business
Nov 19, 2024

Walmart may have to raise some prices if Trump tariffs take effect, CFO says
The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

CNBC Business
Nov 19, 2024

RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
Trump's selection is sounding the alarm in the public health community and leaving the biotech and pharmaceutical industries cautious of changes to come.

CNBC Business
Nov 19, 2024

Walmart will likely raise some prices if Trump tariffs take effect, CFO says
The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

CNBC Business
Nov 19, 2024

Walmart hikes its outlook again as shoppers spend more outside the grocery aisles
The discounter will deliver its latest sales results as inflation cools and the holiday season heats up.

CNBC Business
Nov 19, 2024

Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year
Lowe's topped quarterly earnings and revenue estimates, but even its raised sales outlook would be a decline from last year.

CNBC Business
Nov 19, 2024

Walmart will report earnings before the bell. Here's what to expect
The discounter will deliver its latest sales results as inflation cools and the holiday season heats up.

CNBC Business
Nov 18, 2024

1 in 5 Americans get their news from social media influencers
While previous research found more women consume news on sites like Facebook, Instagram and TikTok, Pew found close to two-thirds of news influencers are men.

CNBC Business
Nov 18, 2024

AMC is poised to ride the box-office rebound, as long as its debt doesn't get in the way
AMC is taking strides to improve its revenue and coax lapsed moviegoers back into its theaters with premium screens and specialty popcorn buckets.

CNBC Business
Nov 18, 2024

NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights
The NBA and Warner Bros. Discovery have agreed to end all legal disputes, allowing the league to move forward with new media partners Comcast, Disney and Amazon.

CNBC Business
Nov 18, 2024

What travelers need to know about Spirit Airlines' bankruptcy
Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago.

CNBC Business
Nov 18, 2024

LeBron James' SpringHill to merge with 'The Kardashians' producer Fulwell 73
LeBron James' entertainment company, SpringHill Co., agreed to merge with Fulwell 73, producer of "The Kardashians."

CNBC Business
Nov 18, 2024

AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way
AMC is taking strides to improve its revenue and coax lapsed moviegoers back into its theaters with premium screens and specialty popcorn buckets.

CNBC Business
Nov 18, 2024

Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
The airline hasn't posted an annual profit since 2019 and lost more than $335 million in the first half of the year.

CNBC Business
Nov 17, 2024

Restaurant executives can't wait for 2025 after slow traffic and wave of bankruptcies
This year, restaurant bankruptcy filings soared, industry traffic declined and same-store sales disappointed.

CNBC Business
Nov 16, 2024

Netflix said a record 60 million households worldwide tuned in for Jake Paul versus Mike Tyson fight
The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books.

CNBC Business
Nov 15, 2024

McDonald's to invest more than $100 million to speed up recovery after E. coli outbreak
This week, the company completed the return of Quarter Pounder burgers, with slivered onions, to all restaurant menus nationwide.

CNBC Business
Nov 15, 2024

Space stocks saw big gains this week in part due to 'Trump-Elon trade' rally, analysts say
Several pure-play space stocks rallied 20% or more this week, in part driven by what sector analysts say is a "Trump Elon trade."

CNBC Business
Nov 15, 2024

McDonald's to invest over $100 million to speed up recovery after E. coli outbreak
This week the company completed the return of Quarter Pounder burgers, with slivered onions, to all restaurant menus nationwide.

CNBC Business
Nov 15, 2024

Jake Paul, Mike Tyson fight breaks record for biggest boxing gate outside of Las Vegas
The fight's promoter, Most Valuable Promotions, told CNBC it expects more than 70,000 people to attend the Friday night bout at AT&T Stadium in Arlington, Texas.

CNBC Business
Nov 15, 2024

Disney is turning record parks profits — even before its big expansions
Disney is breaking ground on new additions and updates to its theme parks, but it will be several years before they become available to the public.

CNBC Business
Nov 15, 2024

SpaceX president says 'there is plenty of room for competition,' as Starlink nears 5 million customers
SpaceX President and COO Gwynne Shotwell urged on rivals in comments Friday, describing competition as healthy for Elon Musk's space company.

CNBC Business
Nov 15, 2024

Why Home Depot made an $18.25 billion bet on the pro business
The retailer's acquisition is boosting the business as home improvement demand remains slow.

CNBC Business
Nov 15, 2024

U.S. companies could be caught in the crosshairs if China retaliates to fight Trump
China's retaliation tactics could range from economic changes to matters of diplomacy and security,

CNBC Business
Nov 15, 2024

GM lays off 1,000 employees amid reorganization, cost-cutting
The layoffs, which were announced Friday morning via email to those impacted, were across the business.

CNBC Business
Nov 15, 2024

The top 10 family offices for startup investments
CNBC partnered with Fintrx to analyze single family offices that made the largest number of investments in private startups in 2024.

CNBC Business
Nov 14, 2024

Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1.

CNBC Business
Nov 14, 2024

Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Shares of Moderna, Novavax, Pfizer, BioNTech and GSK closed lower on Thursday.

CNBC Business
Nov 14, 2024

Landry CEO Fertitta becomes Wynn Resorts' largest individual shareholder with nearly 10% stake
Billionaire casino mogul and Landry CEO Tilman Fertitta has increased his stake in Wynn Resorts to 9.9%

CNBC Business
Nov 14, 2024

Disney earnings offer hope that streaming can successfully supplant linear TV
Disney projects entertainment direct-to-consumer operating income will increase by about $875 million next year over fiscal year 2024.

CNBC Business
Nov 14, 2024

Adidas signs first NIL deal with girls' high school basketball player
Adidas has signed high school basketball phenom Kaleena Smith.

CNBC Business
Nov 14, 2024

Diamond Sports reaches key milestone toward exiting bankruptcy
A bankruptcy judge approved Diamond Sports' reorganization plan on Thursday, paving the way for the regional sports networks' owner to exit chapter 11.

CNBC Business
Nov 14, 2024

Disney doesn't plan to change its TV networks portfolio anytime soon
Disney doesn't foresee parting with its TV networks, more than a year after CEO Bob Iger went public with the consideration.

CNBC Business
Nov 14, 2024

Disney stock surges on streaming growth, guidance
Revenue for Disney's entertainment segment - which includes the traditional TV networks,  direct-to-consumer streaming and films - increased 14% year over year.

CNBC Business
Nov 14, 2024

Capri and Tapestry abandon plans to merge, citing regulatory hurdles
Revenue for Disney's entertainment segment - which includes the traditional TV networks,  direct-to-consumer streaming and films - increased 14% year over year.

CNBC Business
Nov 14, 2024

Disney narrowly beats estimates as streaming boosts entertainment segment
Revenue for Disney's entertainment segment - which includes the traditional TV networks,  direct-to-consumer streaming and films - increased 14% year over year.

CNBC Business
Nov 14, 2024

Here's what to expect when Disney reports before the bell
Disney reports its fiscal fourth quarter earnings before the bell — here's what to expect.

CNBC Business
Nov 13, 2024

Amazon Prime Video to stream Diamond regional sports networks
The newly-rebranded FanDuel Sports Networks will be available as an add-on subscription for Prime customers living within the team's designated geographic area.

CNBC Business
Nov 13, 2024

Rocket Lab stock surges almost 30% to near all-time high after company's Q3 results
Rocket Lab jumped in trading after the company reported third-quarter results.

CNBC Business
Nov 13, 2024

Homebuilder deal activity is surging, fueled by major Japanese buyers
Strong demand for new housing has smaller builders ripe for takeover. The Japanese are big players because their cost of capital is low.

CNBC Business
Nov 13, 2024

Beverly Hills surgeon sues Medtronic for patent infringement
The lawsuit, filed Tuesday in U.S. District Court in Delaware, is the latest in a series of patent challenges against Medtronic.

CNBC Business
Nov 13, 2024

Rocket Lab stock surges 50%, heading toward all-time high
Rocket Lab jumped in trading after the company reported third-quarter results.

CNBC Business
Nov 13, 2024

VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.

CNBC Business
Nov 13, 2024

Banks are reporting a tenfold surge in digital scams, cybersecurity firm BioCatch says
Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.

CNBC Business
Nov 13, 2024

Planet Fitness loses 11th hour bid to acquire bankrupt Blink
A bankruptcy court judge said accepting PureGym's offer to acquire Blink would avoid antitrust risks.

CNBC Business
Nov 13, 2024

Rocket Lab stock surges 40% after company reports strong revenue growth, first Neutron deal
Rocket Lab jumped in post-market trading after the company reported third-quarter results.

CNBC Business
Nov 13, 2024

Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says
Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.

CNBC Business
Nov 13, 2024

Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end
Chairman John Malone will become interim CEO of Liberty Media. Liberty Media's investor day is set to take place on Thursday in Manhattan.

CNBC Business
Nov 13, 2024

Amgen says no concerns around weight loss drug's bone density data after stock falls
Analysts chewed over early data showing the highest dose of Amgen's MariTide was linked to roughly 4% loss of bone mineral density over 12 weeks.

CNBC Business
Nov 12, 2024

Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
Rocket Lab jumped in post-market trading after the company reported third-quarter results.

CNBC Business
Nov 12, 2024

Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

CNBC Business
Nov 12, 2024

FAA bans U.S.-Haiti flights for 30 days after flights struck by gunfire
A Spirit Airlines plane was struck by gunfire as it was trying to land at Port-au-Prince airport.

CNBC Business
Nov 12, 2024

Amgen stock falls as analysts mull over weight loss drug's bone density data
Analysts cited data from a phase one study showing the highest dose of Amgen's MariTide was linked to roughly 4% loss of bone mineral density over 12 weeks.

CNBC Business
Nov 12, 2024

Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion - up from $5 billion - with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

CNBC Business
Nov 12, 2024

FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire
A Spirit Airlines plane was struck by gunfire as it was trying to land at Port-au-Prince airport.

CNBC Business
Nov 12, 2024

Boeing delivers fewest planes since 2020, warns factory restart after strike will take weeks
Boeing handed over 14 airplanes in October and said it will be several weeks before production can fully resume.

CNBC Business
Nov 12, 2024

Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks
Boeing handed over 14 airplanes in October and said it will be several weeks before production can fully resume.

CNBC Business
Nov 12, 2024

Family offices becoming 'economic powerhouse' in private company deals
Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey.

CNBC Business
Nov 12, 2024

Netflix ad-supported tier has 70 million monthly users two years after launch
Netflix's ad-supported tier, which launched in November 2022, has reached 70 million global monthly users.

CNBC Business
Nov 12, 2024

GM's newest EV is a Cadillac 'baby Escalade' called Vistiq
General Motors' newest all-electric vehicle and the last of a lineup of new EVs announced for its Cadillac luxury brand is a three-row SUV called Vistiq.

CNBC Business
Nov 11, 2024

Mattel pulls thousands of 'Wicked' dolls off shelves after printing adult web address on packaging
Target, Walmart and Amazon had removed the line of "Wicked" dolls from their online storefronts as of midday Monday, as had Best Buy, Barnes & Noble and Macy's.

CNBC Business
Nov 11, 2024

Mattel pulls thousands of 'Wicked' dolls off shelves after printing adult website on packaging
Target, Walmart and Amazon had removed the line of "Wicked" dolls from their online storefronts as of midday Monday, as had Best Buy, Barnes & Noble and Macy's.

CNBC Business
Nov 11, 2024

GM's Wall Street vindication is happening as it outperforms its peers in 2024
GM is proving it's a standout among automakers this year as it continues to consistently outperforms Wall Street's earnings expectations and its competitors.

CNBC Business
Nov 09, 2024

Painting the town pink and green: 'Wicked' takes over retail ahead of theatrical debut
Universal's "Wicked" is drumming up buzz ahead of its Nov. 22 release with hundreds of merchandise offerings from dozens of retail partners.

CNBC Business
Nov 08, 2024

MLB, Braves object to Diamond Sports reorganization plan, question company's future viability
Major League Baseball and the Atlanta Braves objected to Diamond Sports Group's current restructuring plan, according to a Friday bankruptcy court filing.

CNBC Business
Nov 08, 2024

Philadelphia Phillies capital raise values the team at around $3 billion
The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.

CNBC Business
Nov 08, 2024

Toyota says California-led EV mandates are 'impossible' as states fall short of goal
CARB's regulations call for 35% of 2026 model year vehicles, which will begin to be introduced next year, to be zero-emission vehicles (ZEV).

CNBC Business
Nov 07, 2024

Lucid slightly tops Wall Street's third-quarter expectations amid widening losses
The company's net loss for the third quarter widened to $992.5 million compared to a loss of $630.9 million a year earlier.

CNBC Business
Nov 07, 2024

Rivian lowers earnings guidance after missing Wall Street's third-quarter expectations
Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.

CNBC Business
Nov 07, 2024

How Trump's victory could change abortion rights in America
Trump could further restrict or effectively ban abortion on the federal level through methods that won't require Congress to pass new legislation.

CNBC Business
Nov 07, 2024

Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms
Retailers and brands have already made a push to diversify sourcing because of tariff risks and supply-chain disruptions.

CNBC Business
Nov 07, 2024

Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids
Bentley said it plans to offer a new EV or plug-in hybrid electric vehicle (PHEV) each year until 2035, starting with its first all-electric vehicles in 2026.

CNBC Business
Nov 07, 2024

Wall Street expects Trump presidency will unlock deal-making
Deal-making has slowed in recent years, largely due to high interest rates, soaring company valuations and a tight regulatory environment.

CNBC Business
Nov 07, 2024

FDA proposes ending use of decongestant found in many cold, allergy medicines
The FDA said the proposed order is not final yet, which means companies can still market over-the-counter drugs containing oral phenylephrine for now.

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