A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was...
Tag: Breaking News: Business
CNN job cuts coming as CEO Chris Licht concludes business review
Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht started conducting a business review of the news network when he agreed to take the job in April. That evaluation wrap...
Chipotle Mexican Grill (CMG) Q3 2022 earnings
Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations on the strength of its latest round of menu price hikes. CEO Brian Niccol said the company saw &#...
James Gunn, Peter Safran to lead DC movies, TV division at Warner Bros.
James Gunn and Peter Safran will be the next co-heads of Warner Bros. Discovery‘s DC Comics film and TV unit, the company announced Tuesday. Their appointments will be effective Nov. 1. The news...
People who had mild Covid had increased risk of blood clots: UK study
A patient receives a coronavirus disease (COVID-19) test at Sparrow Laboratories Drive-Thru Services in Lansing, Michigan, December 27, 2021. Emily Elconin | Reuters People who caught mild cases of Co...
South Korea, U.S. in working to adjust regulations
Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH...
Adidas terminates Ye partnership, Gap removes Yeezy items over antisemitic remarks
Adidas on Tuesday ended its partnership with Ye, formerly known as Kanye West, after the musician made a series of offensive and antisemitic comments. Hours later, Gap and then Foot Locker said they w...
JetBlue (JBLU) earnings Q3 2022
A JetBlue Airways Corp. plane prepares for landing at LaGuardia Airport in New York, U.S., on Tuesday, April 18, 2017. Bloomberg | Bloomberg | Getty Images JetBlue Airways eked out a $57 million profi...
Airlines have the passengers. Now they need the planes
The first U.S.-made Airbus jetliner moves down the assembly line at the company’s factory in Mobile, Alabama, U.S. on September 13, 2015. Picture taken on September 13, 2015. Alwyn Scott | Reute...
Ford reveals 2023 Escape to sell alongside Bronco Sport SUV
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive ...
Coca-Cola (KO) Q3 2022 earnings
Coca-Cola on Tuesday raised its full-year outlook, predicting that its two-pronged strategy of hiking prices and offering more affordable options will keep driving sales growth. Inflation is expected ...
Ivermectin — once touted as a Covid treatment by conservatives — doesn’t improve recovery much, clinical trial finds
Ivermectin, a drug once touted by conservatives as a treatment for Covid, does not meaningfully improve the recovery time for people with mild to moderate cases, according a large clinical trial publi...
Beyond Meat’s steak substitute coming to grocery stores
Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, J...
Andreessen Horowitz-backed Apex Space aims to mass produce spacecraft
Co-founders Max Benassi, left, and Ian Cinnamon Apex Space A pair of heavy-hitter startup founders is turning their attention to what they see as a key bottleneck in the space industry, and has alread...
Walmart adds new Joyspun intimates and sleepwear brand in relaunch
Walmart has rolled out Joyspun, a new intimates and sleepwear line. It will replace one of its most popular apparel brands, Secret Treasures. Walmart Walmart is overhauling one of its most popular app...
‘Black Adam’ tallies $67 million in domestic debut
Dwayne Johnson is Black Adam in Warner Bros.’ newest DC film “Black Adam.” Warner Bros. “Black Adam” stormed into theaters this weekend, snaring $67 million domestically....
Space race to connect satellites to phones with Apple, SpaceX, AT&T
The race to provide high-speed internet from satellites is well underway – but another, more ambitious competition, to connect directly from space to devices like smartphones, began in earnest earlier...
U.S.-listed Chinese stocks drop after Beijing’s power reshuffle makes the market ‘uninvestable’
More and more Asian companies have announced share buybacks in recent weeks. Chinese internet giant Alibaba has said it will increase its share buyback program from $15 billion to $25 billion. Sheldon...
CDC is discussing using oral polio vaccine for first time in 20 years to stop New York outbreak
The Centers for Disease Control and Prevention is considering using the oral polio vaccine for the first time in more than 20 years to stop an outbreak in the greater New York City metropolitan area t...
Amazon hires Hawaiian Air to fly rented Airbus cargo jets to replace older freighters
Air cargo containers with the logo of Amazon are seen at Miami International Airport, in Miami, Florida, United States on June 16, 2021. Marco Bello | Anadolu Agency | Getty Images Amazon has hired Ha...
U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants say
Shoppers carry bags in San Francisco, California, on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated a willingness to continue to pay higher pri...
Why cheap airfare is so hard to find this year
United’s check-in area at Washington Dulles International Airport. Leslie Josephs | CNBC Cheap airfares are hard to find, and it might not get much easier in 2023. Between staffing shortages, ai...
Hans Niemann sues Magnus Carlsen, others for $100 million over chess cheating claims
US international grandmaster Hans Niemann waits his turn to move during a second-round chess game against Jeffery Xiong on the second day of the Saint Louis Chess Club Fall Chess Classic in St. Louis,...
The Rock’s new movie is bland and predictable
Dwayne Johnson stars in Warner Bros.’ “Black Adam.” Warner Bros. Not even Dwayne “The Rock” Johnson could salvage Warner Bros.’ latest entrant into the DC Extended ...
Netflix experiments with Knives Out sequel, but sticks with limited theater runs
Daniel Craig returns as Benoit Blanc in “Glass Onion: A Knives Out Story.” Netflix Netflix backtracked on advertisements. Should theatrical releases be next? Some theater owners and indust...
Inflation-weary shoppers to see more holiday sales, discounts in 2022
People walk stores offering sales at a shopping mall in Santa Anita, California on December 20, 2021. Frederic J. Brown | AFP | Getty Images Grocery and energy prices have spiked, and credit card inte...
American Airlines (AAL) 3Q 2022
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines reported a ...
CDC to protect access to free Covid vaccines for uninsured kids
A child is administered a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) pediatric vaccine. Mayela Lopez | Reuters The Centers for Disease Control and Prevention took a major step Wednesda...
Biden’s EV tax credit rules deal ‘astronomical’ blow to business
DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesd...
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check s...