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   NEWS: CNBC BUSINESS
CNBC Business
Apr 24, 2024

Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes
A little over a year ago, Chipotle announced the opening of its first Farmesa location.

CNBC Business
Apr 24, 2024

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

CNBC Business
Apr 24, 2024

Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.

CNBC Business
Apr 24, 2024

Ford tops first-quarter earnings estimates as commercial unit offsets EV losses
Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.

CNBC Business
Apr 24, 2024

Chipotle reports big earnings beat, and its shares are jumping
The burrito chain said traffic increased 5.4% in its first quarter.

CNBC Business
Apr 24, 2024

Ford is set to report earnings after the bell. Here's what Wall Street expects
In addition to financial results, investors will be watching for progress in CEO Jim Farley's "Ford " restructuring plan and any changes to its EV rollout.

CNBC Business
Apr 24, 2024

Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.

CNBC Business
Apr 24, 2024

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis
Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

CNBC Business
Apr 24, 2024

Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence
Foot Locker unveiled its "store of the future" concept that will inspire the revamping of 900 stores the sneaker retailer is planning over the next two years.

CNBC Business
Apr 24, 2024

Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.

CNBC Business
Apr 24, 2024

Biogen tops quarterly profit estimates as cost cuts take hold, Leqembi launch picks up
Alzheimer's drug Leqembi brought in in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.

CNBC Business
Apr 24, 2024

More than 3 million Medicare patients could be eligible for coverage of Wegovy to reduce heart disease risks, study says
For the first time, some Medicare beneficiaries will be able to access Novo Nordisk's Wegovy without having to shoulder the total monthly price tag.

CNBC Business
Apr 24, 2024

Boeing reports quarterly results before the bell. Here's what Wall Street expects
Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

CNBC Business
Apr 23, 2024

JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

CNBC Business
Apr 23, 2024

E.W. Scripps exploring sale of Black-culture broadcast network Bounce TV
E.W. Scripps has received inbound interest in its Black-culture network Bounce TV, CEO Adam Symson said in an exclusive CNBC interview.

CNBC Business
Apr 23, 2024

JetBlue shares tumble 15% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

CNBC Business
Apr 23, 2024

JetBlue shares tumble 14% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

CNBC Business
Apr 23, 2024

PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales
PepsiCo's volume and sales growth were better in most international markets than in its North America markets.

CNBC Business
Apr 23, 2024

JetBlue shares tumble 10% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

CNBC Business
Apr 23, 2024

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.

CNBC Business
Apr 23, 2024

PepsiCo earnings beat estimates as international demand boosts sales
PepsiCo's volume and sales growth were better in most international markets than in its North America markets.

CNBC Business
Apr 23, 2024

General Motors raises 2024 guidance after big first-quarter earnings beat
GM's North American operations, driven by truck sales, were largely responsible for the company's first-quarter beat and guidance raise, the automaker said.

CNBC Business
Apr 23, 2024

General Motors is set to report earnings before the bell. Here's what Wall Street expects
Wall Street expects GM to report solid results for the first quarter, with vehicle pricing remaining higher than anticipated.

CNBC Business
Apr 22, 2024

Boeing expects slower production increase of 787 Dreamliner because of parts shortages
Boeing reports quarterly results before the market opens on Wednesday.

CNBC Business
Apr 22, 2024

FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
Communication matters precisely because the structural problem between the pair is probably insoluble

CNBC Business
Apr 22, 2024

What investors should know about the UAW's organizing drive of VW
The historic vote could have wide-ranging impacts on other automakers, organized labor and the overall U.S. automotive industry.

CNBC Business
Apr 22, 2024

Luxury real estate prices just hit an all-time record
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.

CNBC Business
Apr 22, 2024

Disney technology executive Aaron LaBerge to leave company for personal reasons
Disney Entertainment CTO Aaron LaBerge is leaving the company for personal reasons, according to a company memo. A search for his replacement is underway.

CNBC Business
Apr 22, 2024

Meet the private doctor to the wealthy — at $40,000 a year
The rise of family office-style medical practices reflects the surge in wealth and growing demand for hyper-personalized, data-driven health care.

CNBC Business
Apr 22, 2024

Delta Air Lines gives staff another 5% raise, hikes starting wages to $19 an hour
Delta is the country's most profitable airline and has repeatedly lifted staff pay.

CNBC Business
Apr 22, 2024

Ex-JetBlue CEO Robin Hayes to run Airbus North America
The recently departed CEO will be managing relationships with customers in North America, including his former airline and Spirit.

CNBC Business
Apr 22, 2024

Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
Longtime mall retailer Express filed for bankruptcy and plans to close nearly 100 stores as an investor group looks to save it from extinction.

CNBC Business
Apr 21, 2024

Cricket, a big business in India, brings star power to the U.S. with the country's first world cup
A cricket world cup is arriving in the U.S. for the first time as the country explores its future with the sport.

CNBC Business
Apr 20, 2024

Most people on weight loss drugs are spending less on restaurants and takeout, survey says
The findings add to concerns that GLP-1s could take a bite out of the bottom lines of some of the biggest restaurant companies and packaged food makers.

CNBC Business
Apr 19, 2024

VW workers in Tennessee vote to join UAW in historic win for Detroit union
Volkswagen workers in Tennessee have voted in favor of the United Auto Workers — marking the union's first successful organizing drive of a foreign automaker.

CNBC Business
Apr 19, 2024

Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.

CNBC Business
Apr 19, 2024

Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents.

CNBC Business
Apr 19, 2024

FAA will require more rest time for air traffic controllers amid fatigue concerns
Staffing shortfalls have led to forced overtime and tightly packed air traffic controller schedules

CNBC Business
Apr 19, 2024

Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.

CNBC Business
Apr 18, 2024

Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
Netflix will no longer report its quarterly subscriber additions, a sign that the benefits of its password-sharing crackdown may be ending.

CNBC Business
Apr 18, 2024

Nordstrom family tries again to take department store private, forms special committee
The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.

CNBC Business
Apr 18, 2024

Mortgage rates are now at the highest level of the year, and could still climb
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.

CNBC Business
Apr 18, 2024

Netflix blows past earnings estimates as subscribers jump 16%
Netflix said its subscribers grew 16% to 269.6 million, but said it would no longer regularly report the metric starting next year.

CNBC Business
Apr 18, 2024

Mortgage rates are now at the highest level of the year, and could go even higher
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.

CNBC Business
Apr 18, 2024

NBA's exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal
The NBA's exclusive window with incumbent media partners Disney and Warner Bros. Discovery will expire April 22 without a signed deal, according to sources.

CNBC Business
Apr 18, 2024

Netflix is set to report earnings - here's what Wall Street expects
Netflix's main focus recently has been on juicing profits, not necessarily growing its subscriber count.

CNBC Business
Apr 18, 2024

U.S. tech CEOs give India PM Modi boost ahead of election
India's Narendra Modi has been courting U.S. tech company leaders like Elon Musk and Tim Cook ahead of the country's national elections.

CNBC Business
Apr 18, 2024

March homes sales dropped despite a surge in supply. Here's why.
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.

CNBC Business
Apr 18, 2024

Billionaire Kam Ghaffarian sets his sights on the stars with a range of space companies
Ghaffarian has been instrumental in ushering in the new space economy, with leadership roles at Intuitive Machines, Axiom Space, Quantum Space and X-Energy.

CNBC Business
Apr 18, 2024

Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.

CNBC Business
Apr 17, 2024

Airline executives predict a record summer and even more demand for first class
Delta and United executives have forecast record demand this spring and summer with even more travelers booking in higher classes.

CNBC Business
Apr 17, 2024

United Airlines jumps 17% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 17, 2024

Boeing faces scrutiny in Senate hearings over aircraft safety and quality
A Boeing whistleblower testified in a hearing Wednesday about safety concerns related to two of the company's aircraft.

CNBC Business
Apr 17, 2024

Vince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO
McMahon resigned as executive chairman of the WWE earlier this year after a former employee, Janel Grant, accused him of sexual abuse and trafficking.

CNBC Business
Apr 17, 2024

Most doses of Eli Lilly's Zepbound, Mounjaro in short supply through June, FDA says
The insatiable demand for weight loss and diabetes drugs is still trouncing supply, even as Eli Lilly and Novo Nordisk work to increase production capacity.

CNBC Business
Apr 17, 2024

United Airlines jumps more than 13% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 17, 2024

Comcast launches prepaid and month-to-month internet and phone plans
Comcast announced Wednesday it is launching NOW, a new prepaid and month-to-month streaming and phone plan aimed at lower-income customers.

CNBC Business
Apr 17, 2024

United Airlines jumps more than 10% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 17, 2024

Eli Lilly's weight loss drug Zepbound shows promise as a sleep apnea treatment in late-stage trials
The pharmaceutical giant plans to present the trial data at an upcoming medical conference and submit them to the U.S. Food and Drug Administration mid-year.

CNBC Business
Apr 17, 2024

Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.

CNBC Business
Apr 16, 2024

United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

CNBC Business
Apr 16, 2024

Planet Fitness shares fall as company announces new CEO
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.

CNBC Business
Apr 16, 2024

Republican governors from six states condemn UAW campaigns, citing potential for layoffs
The joint statement was signed by governors in Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas.

CNBC Business
Apr 16, 2024

Planet Fitness shares fall as company announces new CEO, though analysts see upside
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.

CNBC Business
Apr 16, 2024

South Carolina coach Dawn Staley says women's basketball will get 'better and better'
South Carolina coach Dawn Staley said women's basketball will only get bigger after her team's undefeated season and Caitlin Clark's record-breaking run.

CNBC Business
Apr 16, 2024

TGI Fridays to go public through merger with its U.K. franchisee
The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."

CNBC Business
Apr 16, 2024

Morgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

CNBC Business
Apr 16, 2024

Volkswagen union vote in Tennessee to test UAW's power after victories in Detroit
Union voting for more than 4,000 eligible VW workers will begin Wednesday and end at 8 p.m. EDT on Friday.

CNBC Business
Apr 16, 2024

Morgan Stanley is about to report first-quarter earnings
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

CNBC Business
Apr 16, 2024

Bank of America tops estimates on better-than-expected interest income, investment banking
Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?

CNBC Business
Apr 16, 2024

Johnson & Johnson tops quarterly profit estimates as medical device sales jump
The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.

CNBC Business
Apr 15, 2024

Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
A whistleblower alleged that Boeing's 787 and 777 models have structural flaws

CNBC Business
Apr 15, 2024

Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers
Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative.

CNBC Business
Apr 15, 2024

UnitedHealth's first-quarter report will offer a window into Change cyberattack costs
The financial impact of the Change Healthcare cyberattack is expected to weigh on UnitedHealth Group's first-quarter results.

CNBC Business
Apr 15, 2024

Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but a turnaround appears to be underway, fueled by a rebound in Wall Street activities.

CNBC Business
Apr 15, 2024

World's busiest airports show surge in international travel. Here are the rankings
Airports from Tokyo to London logged big increases in travelers in 2024.

CNBC Business
Apr 15, 2024

State tax officials are using AI to go after wealthy payers
New York state is sending out AI-generated letters looking for tax revenue, many of them focused on remote work or a change in tax residency.

CNBC Business
Apr 15, 2024

Goldman Sachs reports earnings before market open — here's what the Street expects
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but hope is building for a turnaround.

CNBC Business
Apr 13, 2024

Why Hawaii is becoming a leader in U.S. EV adoption
As the move to all-electric vehicles is occurring more slowly than many expected in the U.S., a growing leader in EV adoption is Hawaii.

CNBC Business
Apr 13, 2024

Macy's proxy fight is over, but the battle for the department store's future wages on
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.

CNBC Business
Apr 12, 2024

StubHub eyes summer IPO, seeks $16.5 billion valuation
StubHub is eyeing a summer initial public offering and the online ticketing service is aiming for a valuation of at least $16.5 billion.

CNBC Business
Apr 12, 2024

Nike CEO blames remote work for innovation slowdown, saying it's hard to build disruptive products on Zoom
Nike CEO John Donahoe blamed remote work for the company falling behind on innovation, saying it's tough to build disruptive products on Zoom.

CNBC Business
Apr 12, 2024

Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Nike CEO John Donahoe acknowledged that the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own stores and website.

CNBC Business
Apr 12, 2024

EU probe of weight loss and diabetes drugs like Wegovy, Ozempic finds no link to suicidal thoughts
The review examined several drugs from Novo Nordisk, including Wegovy, Ozempic, Rybelsus, and Saxenda, but did not include Eli Lilly's Zepbound and Mounjaro.

CNBC Business
Apr 12, 2024

JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.

CNBC Business
Apr 12, 2024

NIL-era college athletes navigate new realm of financial literacy
"All of the issues that pro athletes have dealt with for years are now going downstream," said former NFL player Brandon Copeland.

CNBC Business
Apr 12, 2024

Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.

CNBC Business
Apr 12, 2024

JPMorgan Chase tops estimates on better-than-expected credit costs, trading revenue
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.

CNBC Business
Apr 12, 2024

JPMorgan Chase tops expectations on trading results, lower-than-expected credit costs
JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.

CNBC Business
Apr 12, 2024

JPMorgan Chase is set to report first-quarter earnings — here's what the Street expects
JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.

CNBC Business
Apr 11, 2024

Ford prepares to resume F-150 Lightning shipments, drops prices on some models
The included models are expected to ship later this month for between $2,000 and $5,500 less than before the automaker halted shipments.

CNBC Business
Apr 11, 2024

Ohtani translator accused of stealing $16 million from Dodgers star
Ippei Mizuhara has been the subject of an investigation surrounding millions of dollars in wire transfers from Ohtani's bank account.

CNBC Business
Apr 11, 2024

Why car insurance costs are skyrocketing and leading to higher inflation
On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.

CNBC Business
Apr 11, 2024

What to expect from bank earnings as high interest rates pressure smaller players
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

CNBC Business
Apr 11, 2024

Moderna halts plans to build Kenya vaccine plant as Covid shot demand plunges
Moderna's decision aligns with its broader effort to cut costs by resizing its Covid vaccine-manufacturing footprint.

CNBC Business
Apr 11, 2024

Buffalo Wild Wings leans into Go takeout format as a third of sales move off premises
The chicken wing category saw its sales surge during the pandemic, and off-premise orders now account for a third of BWW's sales.

CNBC Business
Apr 11, 2024

Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Halio's new role encompasses authority over the firm's more than $1.6 trillion balance sheet. She'll report to Chief Financial Officer Denis Coleman.

CNBC Business
Apr 11, 2024

Denver-Boulder area stakes a claim in space with a burgeoning aerospace industry
The area boasts easy access to industry partnerships as well as Colorado's robust military presence.

CNBC Business
Apr 10, 2024

Sierra Space CEO unveils new satellite product ahead of Dream Chaser launch, possible IPO
CEO Tom Vice tells CNBC that the company's NASA-contracted space plane Dream Chaser is on pace to make its first flight in the fourth quarter.

CNBC Business
Apr 10, 2024

Macy's settles proxy fight with activist Arkhouse, adds two of the firm's nominees as directors
The reshuffle moves Macy's closer to a deal that could take the 165-year-old department store private.

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