Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty hea...
Tag: business news
Cineworld shares plummet more than 60% on bankruptcy reports
Cineworld, which operates 9,000 theatres in 10 countries, has warned that a lack of blockbusters is hurting admissions. Geography Photos | Universal Images Group | Getty Images LONDON — Shares of Brit...
Here’s why HBO Max is pulling dozens of films and TV series
Warner Bros. Discovery‘s HBO Max is removing 36 movies and TV series from its platform. There are three main reasons why it’s happening. The films and series − which include 20 original HB...
What are ghost guns? Dealers rush to sell untraceable firearms as crackdown nears
With new federal regulations set to take effect on so-called “ghost guns” next week, businesses that sell the untraceable firearms are racing to offload inventory. The new regulations from...
Deere, Foot Locker, Bed Bath & Beyond and more
Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expe...
Amazon’s Thursday Night Football begins new era of NFL streaming
Patrick Mahomes #15 of the Kansas City Chiefs Jamie Squire | Getty Images Sport | Getty Images To the joy and frustration of football fans across the United States, the era of National Football League...
5 most expensive cars up for sale at Pebble Beach
1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Montere...
Stalled monkeypox vaccines raise risk of spillover, wider outbreak
There are growing concerns that a monkeypox vaccination drive could be stalled amid a shortage of supply. Xinhua News Agency | Getty Images Concerns are mounting that the window of opportunity for con...
Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg ...
Take a look at Ford’s futuristic vision for its luxury Lincoln brand
Lincoln Model L100 Concept Lincoln Ford Motor on Thursday unveiled a sleek, futuristic concept car to showcase the company’s vision for its Lincoln luxury brand. The Model L100 concept pays homa...
Paramount is worth the house of pain
Atkore Inc: “I’ve been fascinated by this. … I’m going to look into them deeper.” Paramount Global: “It is ridiculously cheap. I like the stock. … I think it&...
China’s heatwave could have knock-on effect on its economy: Economist
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by ...
Investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock falls 30%
Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures du...
Jumbled economic booms and busts mean companies ‘can’t really plan,’ Jim Cramer warns investors
CNBC’s Jim Cramer on Thursday advised investors to accept that companies will most likely continue struggling to plan for the future as they adjust to quick, constantly-evolving changes in the e...
Home Depot CEO Ted Decker to replace retiring Craig Menear as chair
Ted Decker, Home Depot Source: PRNewswire Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. He replaces former CEO Craig Menear, who will retire as chair S...
MSG Entertainment explores possible spinoff that would include NY arena
Fans arrive to Madison Square Garden before the game between the Golden State Warriors and New York Knicks on February 23, 2021 in New York City. John Smith | Corbis News | Getty Images Madison Square...
Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines...
NFL suspends Deshaun Watson for 11 games over sexual misconduct claims
Deshaun Watson #4 of the Cleveland Browns takes off his helmet during Cleveland Browns training camp at CrossCountry Mortgage Campus on August 09, 2022 in Berea, Ohio. Nick Cammett | Getty Images The ...
How to buy an ESG fund now that Inflation Reduction Act is law
Simonskafar | E+ | Getty Images ESG funds have become more popular Steve Cicero | Photographer’s Choice | Getty Images Funds that allocate investor money according to ESG issues held $357 billio...
Home Depot and Lowe’s cite strong demand, but softening could be ahead
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Spending on home improvement doesn’t appear to have taken a big hit with the slo...
Kohl’s (KSS) reports Q2 2022 earnings
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, s...
Embracer Group buys rights to ‘Lord of the Rings’ films, other Tolkien intellectual property
Still from “Lord of the Rings: The Fellowship of the Ring.” New Line Cinema Swedish company Embracer Group said Thursday that it agreed to acquire Middle-earth Enterprises, which owns worl...
Taco Bell tests its own meat substitute ahead of Beyond Meat launch later this year
Taco Bell’s new Crispy Melt Taco, made with a plant-based meat substitute Source: Taco Bell Taco Bell is testing a plant-based meat substitute made from soy and pea protein at its restaurants in...
People aren’t cutting back on tips even as inflation surges
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, talks to customers at an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | MediaNews G...
Child polio vaccination rate low in some New York areas, increasing outbreak risk
Nurse Lydia Fulton prepares to administer the measles, mumps, and rubella (MMR) vaccine as well as a vaccine used to help prevent the diseases of diphtheria, pertussis, tetanus, and polio at Children&...
Bed Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell stake
Bed Bath & Beyond shares tumbled in premarket trading Thursday after activist investor Ryan Cohen said in a filing he intends to sell his entire stake in the retailer through his firm RC Ventures....
Smith & Wesson CEO faces backlash after he blamed politicians for gun violence
Convention goers look at weapons at the Smith and Wesson booth last April at the 2015 NRA Annual Convention in Nashville, Tenn. Karen Bleier | AFP | Getty Images After releasing a statement earlier th...