Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overse...
Tag: Breaking News: Business
Taylor Swift Ticketmaster fiasco is fault of demand, bots, Liberty Media CEO says
Now we got bad bots. The CEO of Liberty Media, Live Nation’s largest shareholder, defended the event promoter against calls that it should be broken up following a storm of glitches and site fai...
John Malone says he’s skeptical of ad-supported content as Netflix, Disney roll out ad tiers
Liberty Media Chairman John Malone told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run. “I’m a lit...
Starbucks union to strike at more than 100 locations on Red Cup Day
Starbucks official reusable red cup, left, and red cup from Starbucks Workers United. Source: Starbucks; Starbucks Workers United Workers at more than 100 unionized Starbucks locations plan to strike ...
Taylor Swift ticket fiasco leads to calls for Ticketmaster, Live Nation to break up
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images There’s ...
Target (TGT) 3Q earnings
Target‘s profit fell by around 50% in its fiscal third quarter as it cleared through unwanted inventory and sales slowed heading into the holidays, prompting the company to lower its expectation...
NASA’s Artemis 1 mission heads to the moon after successful launch
To the moon, again! NASA launched the Artemis I mission from Florida at 1:47 a.m. ET on Wednesday morning, with the agency’s most powerful rocket ever kicking off a nearly month-long journey wit...
Toyota unveils new Prius hybrids amid skepticism of its EV strategy
2023 Toyota Prius Prime plug-in hybrid electric vehicle Toyota Toyota Motor is not giving up on its flagship Prius hybrid anytime soon, despite investing billions in all-electric vehicles amid critici...
Lowe’s (LOW) earnings 3Q 2022
Lowe’s said Wednesday that high inflation isn’t hurting sales as it reported third-quarter earnings that beat Wall Street expectations. The company also upped its guidance for its full-yea...
JetBlue plans Paris flights next summer in trans-Atlantic expansion
A JetBlue Airways Corp. Airbus A321 plane sits at a gate outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York, U.S., on Wednesday, July 12, 2017. Jetblue Airways Corp. is s...
Burger King owner hires former Domino’s CEO Patrick Doyle as chair
Patrick Doyle Scott Mlyn | CNBC Restaurant Brands International announced Wednesday that it is hiring former Domino’s Pizza CEO Patrick Doyle as its executive chair. Doyle, 59, was chief executi...
Several Kentucky supreme court justices sound skeptical of near-total abortion ban
Several Kentucky supreme court justices on Tuesday sounded skeptical of the state’s abortion ban, one of the most restrictive in the U.S., during oral arguments in a case that will decide whethe...
Walmart (WMT) earnings Q3 2023
Walmart said Tuesday that sales rose by nearly 9% in the fiscal third quarter, as Americans across income levels bought the company’s low-priced groceries. The discounter beat Wall Street’...
Ford says making its own parts for electric vehicles could offset job losses
Ford CEO Jim Farley (left) with Michael Wayland / CNBC DETROIT – Ford Motor is attempting to build as many of its own parts as possible for its electric vehicles to offset an expected 40% reduction in...
FDA may approve over-the-counter naloxone nasal spray, autoinjectors
Naloxone, packaged with instructions, is one of the items given out by the Baltimore Harm Reduction Coalition outreach workers. Amy Davis | Baltimore Sun | Getty Images The Food and Drug Administratio...
Taylor Swift ‘Eras’ tour presale extended by Ticketmaster
Taylor Swift poses with her awards during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Never doubt the po...
Delta gets closer to labor deal with pilots, union says
Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines is getting closer to a ...
Home Depot (HD) earnings Q3 2022
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reporte...
DOT says Frontier, foreign airlines must pay travelers $600 million in refunds
Travelers look at a display board showing cancelled and delayed flights at Orlando International Airport on New Year’s weekend, despite thousands of flight cancellations and delays across United...
Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business
Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company Tesla, calling it an amazing feat in the American auto industry. “I was certainly surpr...
Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’
Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malici...
As flu hospitalizations surge in the U.S., the Southeast is the hardest hit
Enbal Sabag, a Nurse Practitioner, prepares a flu vaccination for a patient at the CVS Pharmacy and MinuteClinic on September 03, 2020 in Key Biscayne, Florida. Joe Raedle | Getty Images Flu hospitali...
AST SpaceMobile deploys BlueWalker 3 satellite antenna
A view from onboard the satellite, captured after deploying the 693-square foot array. AST SpaceMobile Satellite-to-smartphone connectivity venture AST SpaceMobile announced Monday that the wide anten...
Tyson CFO apologizes to investors after arrest for public intoxication, trespassing
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson apologized to investors on Monday for his arrest for public intoxication and trespassing. CEO Donnie King said that th...
Wakanda Forever’ opening weekend box office
Marvel Studios’ “Black Panther: Wakanda Forever.” Disney Disney and Marvel Studios’ “Black Panther: Wakanda Forever” snared an estimated $180 million during its dom...
Retailers’ biggest holiday wish is to get rid of all that excess inventory
A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images As some of the nation’s largest retailers report quarterly e...
U.S. will keep Covid public health emergency in place at least until mid January
Secretary of Health and Human Services Xavier Becerra answers questions during a Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus dis...
Why investors have jumped off the Carvana bandwagon
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC DETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap. He touted the company’s “landmark” second-quarter resu...
Disney plans hiring freeze, job cuts, memo says
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring free...