Top U.S. health officials on Wednesday reiterated their calls for Congress to pass funding for the nation’s fight against Covid-19, warning that failure to act now would result in an unnecessary...
Tag: Breaking News: Business
Lowe’s (LOW) earnings Q1 2022
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday...
Target (TGT) Q1 2022 earnings
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales...
House Democrats to hold hearings, introduce legislation
House Democrats will hold hearings on the baby formula shortage in the U.S., and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are...
WHO calls for probe into Russia attacks on Ukraine health facilities
CHERNIHIV, UKRAINE – MAY 09: A healthcare professional searches for medicines and medical equipment in a destroyed hospital as Russian attacks continue in Chernihiv, Ukraine on May 09, 2022. Pat...
Walmart (WMT) earnings Q1 2023
Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher lev...
Flight attendants’ union backs Spirit-Frontier merger
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images The...
U.S. traffic deaths hit 16-year high in 2021, DOT says
Investigators look over the scene of a crash between an SUV and a semi-truck full of gravel near Holtville, California on March 2, 2021. Patrick T. Fallon | AFP | Getty Images More people died on U.S....
Home Depot (HD) Q1 2022 earnings
Home Depot on Tuesday raised its full-year outlook and reported strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record, an early signal that the retailer is s...
United Airlines says FAA cleared grounded Boeing 777s to fly again
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | B...
These are the 2022 CNBC Disruptor 50 companies
In the tenth annual Disruptor 50 list, CNBC highlights private companies that grew through the ups and downs of the pandemic and are poised to meet increasing economic and consumer challenges. All tol...
California’s gas average tops $6 per gallon as nationwide prices surge
High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above ...
How Carvana went from a Wall Street top pick to meme stock trading
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and mo...
JetBlue launches hostile takeover bid for Spirit Airlines
JetBlue Airways launched a hostile takeover bid for Spirit Airlines, heating up a battle for the discount carrier that rebuffed JetBlue’s $3.6 billion offer earlier this month and stuck with an ...
McDonald’s to sell Russia business after pausing operations due to Ukraine war
McDonald’s said Monday that it will sell its business in Russia, a little more than two months after it paused operations in the country due to its invasion of Ukraine. “The humanitarian c...
Citigroup shares jump 7% after Warren Buffett reveals a near $3 billion stake in the struggling bank
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financi...
Paramount shares jump 10% after Buffett’s Berkshire reveals new stake
In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Paramount...
Stock futures are flat after S&P, Nasdaq start the week in the red
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | Reuters U.S. stock index futures were flat during overnight trading on Monday,...
U.S. pilot shortage forces airlines to cut flights, scramble for solutions
Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shorta...
Plant-based food stocks Beyond Meat, Oatly face a reset
In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat ...
United Airlines, pilots union reach contract agreement
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines and its pilots’ labor union have reached an a...
U.S. to boost baby formula imports to ease shortage after Abbott Nutrition recall
Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Scott Olson | Getty Images The U.S. will increase baby formula imports as part of an effort to ease a nati...
NIH licenses key Covid vaccine technology to WHO so other countries can develop shots
President Joe Biden on Thursday said the U.S. has licensed a key technology used in the current Covid-19 vaccines to the World Health Organization, which would allow manufacturers around the world to ...
Franklin Templeton CEO Jenny Johnson says active management pays off during extreme volatility
(Click here to subscribe to the Delivering Alpha newsletter.) With $1.5 trillion in assets, Franklin Templeton is among America’s top 10 asset managers, and growing. Over the last few years, the...
GameStock jumps sharply in odd trading; AMC shares also pop
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of two meme stocks surged Thursday,...
Boeing considers redesigning crucial valve for Starliner space capsule
Boeing’s Starliner capsule for the Orbital Flight Test 2 (OFT-2) mission is lifted on top of United Launch Alliance’s Atlas V rocket on May 4, 2022. Frank Michaux / NASA Boeing is examinin...
Heavily shorted online used car seller Carvana surges 20%, is halted several times
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of online used car retailer Carvana surged Thursday amid a wild trading session in ...
GM shares hit new 52-week low following Wells Fargo downgrade
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images ...
U.S. airline bookings dropped 17% in April, flights got even pricier
A Southwest Airlines aircraft taxis as an American Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters U.S. airline bookings dro...