- + FDA approves Eli Lilly's weight loss drug Zepbound for sleep apnea, expanding use in U.S.—The agency's decision expands the use of Zepbound and could potentially pave the way for Eli Lilly to gain broader insurance coverage for the treatmen...
- + Party City to close all of its stores, report says—Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report.
- + Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surge—Dave, which makes money by extending loans to cash-strapped Americans, is emblematic of a larger shift that's still in its early stages, analysts say.
- + What a government shutdown could mean for air travel—A government shutdown could mean thousands of air traffic controllers and TSA agents would go without paychecks.
- + Netflix secures U.S. rights to the FIFA Women's World Cup in 2027, 2031—Netflix said Women's World Cup coverage will include commentary and entertainment, as well as Netflix-original documentaries in the lead up to the tou...
- + CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud—Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and busin...
- + From Nike to Intel, CEO departures at U.S. companies hit a record this year—CEO exits at U.S. public companies were a record in 2024 as they faced competitive and strategic challenges.
- + FAA puts temporary bans on drone flights over areas of New York, New Jersey—The Federal Aviation Administration on Friday added more temporarily bans on drone flights, now over 24 areas across New York, and were requested by N...
- + Starbucks baristas strike in three U.S. cities during pre-Christmas rush—Starbucks baristas are striking in Los Angeles, Chicago and Seattle.
- + Nike CEO Elliott Hill outlines new strategy after retailer blames promotions for declining revenue and profit—Nike beat Wall Street's expectations on the top and bottom lines under new CEO Elliott Hill.
- + Pro pickleball players are now getting a higher salary than WNBA, NWSL players—Pickleball continues to grow at the professional ranks after the completion of a merger in 2024 to help unify the sport.
- + FAA: Drone flights are temporarily banned over some areas of New Jersey—The Federal Aviation Administration on Wednesday banned drone flights over 22 areas across New Jersey amid complaints of strange and often bright dron...
- + FDA says Eli Lilly's weight loss drug Zepbound is no longer in shortage—The decision that will eventually bar compounding pharmacies from making unbranded versions of the injection.
- + Darden Restaurants stock climbs as Olive Garden, LongHorn Steakhouse fuel sales growth—Darden Restaurants met Wall Street's expectations for its fiscal second-quarter results.
- + November home sales surged more than expected, boosted by lower mortgage rates—Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors
- + Darden Restaurants' sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse—Darden Restaurants met Wall Street's expectations for its fiscal second-quarter results.
- + What the top 75 college sports programs are worth—The top of the list is dominated by SEC and Big Ten schools, due largely to each conference's massive media rights deals.
- + Malls are using new restaurants to draw consumers as shopping centers reinvent themselves—Malls are adding new dining options, like Din Tai Fung and Eataly, to attract customers.
- + How Vuori reached a $5.5 billion valuation by taking share from Lululemon—Vuori has grown from a no-name brand into a $5.5 billion empire by building a profitable and growing business and taking share from Lululemon.
- + Private equity looks to buy in to college sports—Schools with the most valuable athletic programs, and the strongest football performance, sit in the best position to capitalize.
- + American homeowners are wasting more space than ever before—The number of extra bedrooms — defined as a bedroom in excess of the number of people in a home, and even including one for an office — has reached a ...
- + Stellantis further delays electric Ram pickup to prioritize plug-in 'EREV' model—Stellantis said Wednesday it will further delay an all-electric Ram pickup from next year until 2026.
- + Why Americans are outraged over health insurance — and what could change—The shooting of Brian Thompson has unleashed a torrent pent-up of anger towards insurers, renewed calls for reform and reignited a debate over U.S. he...
- + U.S. auto sales next year expected to be best since 2019—S&P Global, Edmunds and Cox Automotive expect new auto sales to increase year over year by 2.5% or less to achieve the industry's best results sin...
- + From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts—Retailers are trying to capitalize on customers going big on decorating, especially as discretionary spending is still under pressure.
- + Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal—Merck will pay Hansoh $112 million upfront for rights to the drug, with the potential for an additional $1.9 billion in payments and royalties on sale...
- + Japan's Honda and Nissan to reportedly begin merger talks—Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper repo...
- + Grubhub to pay $25 million in FTC settlement over harmful practices against diners, workers—The complaint claims that Grubhub deceived diners about delivery costs and blocked access to their accounts.
- + Starbucks union votes to authorize strike ahead of this year's last scheduled bargaining session—In late February, Starbucks and the union announced that they would work on a "foundational framework" on how to reach a collective bargaining agreeme...
- + Walmart employees are now wearing body cameras in some stores—Walmart store associates are now using body cameras in some locations as retailers look to deter theft and make employees safer.
- + Women’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup—Startup basketball league Unrivaled announced on Monday the close of its Series A funding round, raising an additional $28 million before its inaugura...
- + From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter—The driverless ride-hailing service was supposed to be the shining star of GM's growth plans, leading to $50 billion in revenue by the end of this dec...
- + Why it's gotten more difficult to get a free first-class upgrade—Airlines are racing to add comforts such as lie-flat seats, entertainment systems with bigger screens and even suites with closing doors.
- + From Chili's to burger chains, here are the restaurant industry winners and losers in 2024—Chili's, Taco Bell and the casual-dining segment were some of the big winners in the restaurant industry this year.
- + UnitedHealth Group CEO addresses Brian Thompson death, says health-care system is 'flawed'—In a New York Times opinion piece, Witty made his first public comments since last week's fatal shooting of Thompson.
- + Costco beats on earnings as e-commerce sales jump—Costco drew stronger online sales and higher traffic, as shoppers bought jewelry, luggage and more.
- + CFPB announces rule limiting bank overdraft fees; trade group sues in response—The CFPB says the rule will save American consumers $5 billion annually.
- + Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds—Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized lo...
- + Sports super agent Scott Boras says Juan Soto's Mets contract wasn't just about the money—The New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract.
- + Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring—Warner Bros. announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation...
- + FAA head Michael Whitaker to step down before Trump takes office—Mike Whitaker, head of the FAA, the key agency that oversees Boeing and the U.S. airline industry, said he will step down Jan. 20, as Donald Trump tak...
- + CFPB announces rule limiting bank overdraft fees—The CFPB says the rule will save American consumers $5 billion annually.
- + Whoopi Goldberg aims to raise awareness about women's sports with new network—Goldberg told CNBC her childhood passion for sports and desire for greater female representation in the field inspired her to start the network.
- + Health-care stocks fall as lawmakers, patients push for changes to their business models —The stock reaction on Wednesday appeared to be in response to new bipartisan legislation that aims to break up pharmacy benefit managers.
- + Health care stocks fall as lawmakers, patients push for changes to their business models —The stock reaction on Wednesday appeared to be in response to new bipartisan legislation that aims to break up pharmacy benefit managers.
- + SpaceX valuation surges to $350 billion as company buys back stock—The valuation of Elon Musk's SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed Wednesday.
- + NFL approves sale of minority stake in the Philadelphia Eagles at $8.3 billion value—The National Football league has approved the sale of a minority stake in the Philadelphia Eagles to two family investment groups.
- + Nike renews its contract with the NFL after league briefly courted other bidders—Nike will continue to be the exclusive uniform provider to all 32 NFL teams through 2038.
- + Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales—Cox reports there's a "renewed optimism" among U.S. car dealers heading into 2025, fueled by Donald Trump's election and positive trends in interest r...
- + JetBlue to bring 'junior Mint' first class to domestic flights in 2026—JetBlue plans to add domestic first-class seats in a two-by-two configuration for shorter flights in 2026.
- + Albertsons sues Kroger after judge rules against grocery merger—Albertsons filed a lawsuit against Kroger, saying it violated its contract and didn't follow through on commitments to help get the deal approved.
- + Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say—The department store operator slightly raised its full-year forecast, while still projecting a sales decline.
- + Tom Brady watches, game-worn jerseys sell for $9 million at auction—The "GOAT Collection" consisted of watches, jerseys and other sports treasures. The watches alone brought in $4.6 million.
- + Ro to offer lower-price vials of weight loss drug Zepbound by teaming up with Eli Lilly—It is made possible through a first-of-a-kind integration with Eli Lilly's direct-to-consumer website, and aims to streamline access to the popular tr...
- + Macy's ends delivery expense investigation, saying employee hid $151 million—The department store operator slightly raised its full-year forecast, while still projecting a sales decline.
- + Sports Illustrated takes over naming rights of pro soccer venue Red Bull Arena—Red Bull Arena in Harrison, New Jersey, will be renamed Sports Illustrated Stadium.
- + CEO of logistics giant C.H. Robinson sees opportunity in Trump tariffs, AI—"The freight still has to move. It might just move at a different starting point, and we would still be there to move that," C.H. Robinson CEO Dave Bo...
- + Insurance stocks have fallen since UnitedHealthcare CEO killing—Major insurance stocks have fallen since their closing prices last Tuesday, the day before the deadly shooting of UnitedHealthcare CEO Brian Thompson.
- + Adidas' German headquarters raided in connection with tax investigation—Adidas' German headquarters was raided as authorities investigate a yearslong tax concern.
- + Adidas's German headquarters raided in connection with tax investigation—Adidas's German headquarters was raided as authorities investigate a years-long tax concern.
- + How the Olympics helped transform Salt Lake City into a tech hub—With Salt Lake City set to host the Winter Olympics again in 2034, Utah will invest $31 million in upgrades and expects billions in economic benefit.
- + Women's basketball league Unrivaled signs uniform deal with Under Armour —Women's 3-on-3 basketball league Unrivaled has signed a new multiyear deal with Under Armour
- + Stellantis CEO Carlos Tavares lost control of the automaker with 'arrogant' mistakes, sources say—Sources told CNBC that Carlos Tavares was fixated on near-term costs and profits to the detriment of the business as well as the company's products.
- + Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push—Alaska Airlines is launching new flights and a new premium credit card to help grow profits by $1 billion in 2027.
- + From 'Fortnite' to 'Hogwarts Legacy': One university fuels Utah's $2 billion video game industry—Utah's video game industry has surged more than 230% in a decade and added an estimated $2.6 billion to the state's economy in 2024.
- + Mondelez made a takeover approach for Hershey, sources say—Hershey shares climbed as much as 15% during Monday trading after reports that Mondelez is attempting another takeover of the chocolate company.
- + A Florida 'condo cliff' is coming as owners deal with fallout from 2021 Surfside collapse—For some associations, the costs are in the millions of dollars, and condo owners, many of whom are retirees on fixed incomes, are on the hook.
- + Comcast shares tumble as executive calls broadband 'intensely competitive'—Comcast shares fell Monday after Cable CEO called broadband "competitively intense," and expects to lose more than 100,000 customers in the fourth qua...
- + Hershey stock soars on report of another Mondelez takeover attempt
- + Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO's exit—Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned.
- + Another activist takes aim at Macy's, seeking spending cuts and real estate restructuring—Macy's faces its fourth activist push in the last decade as it tries to turn around struggling stores.
- + Another activist takes aim at Macy's, seeking spending cuts and real-estate restructuring—Macy's faces its fourth activist push in the last decade as it tries to turn around struggling stores.
- + 'This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO—Threats against corporations have been rising for years, fueled in part by the echo chamber of social media and an increasingly polarized political en...
- + CFPB sues Comerica Bank, alleging it failed to administer federal benefits program—The Consumer Financial Protection Bureau accused the bank of intentionally terminating calls and mishandling fraud complaints.
- + Ulta Beauty shares pop as retailer beats earnings expectations despite demand fears—The retailer hiked its full-year outlook slightly to reflect the better-than-expected results.
- + Lululemon stock jumps as international growth helps to offset slowing U.S. sales—Lululemon has been in a bit of a rough spot after the departure of its longtime chief product office Sun Choe.
- + Court rejects Boeing plea deal in deadly 737 Max crashes, citing concerns with Justice Department's DEI policies—A federal judge rejected Boeing's deal with the Justice Department to plead guilty to a criminal fraud charge tied to fatal crashes of 737 Max planes.
- + More Americans are living in malls, as developers get creative to help ease the housing crisis—Real estate developers are building housing inside of or next to shopping malls as department stores like Macy's, JC Penney and Sears shrink or cease ...
- + Court rejects Boeing plea deal tied to 737 Max crashes—A federal judge rejected Boeing's deal with the Justice Department to plead guilty to a criminal fraud charge tied to fatal crashes of 737 Max planes.
- + LSU star Flau'jae Johnson continues NIL success, signs equity deal with women's basketball league Unrivaled—LSU star Flau'jae Johnson has signed an equity deal with women's basketball league Unrivaled.
- + Dollar General tests same-day delivery as discounter chases Walmart—Dollar General has felt pressure as Walmart, Amazon and others offer more digital ways to shop along with low prices.
- + Southwest and American airlines raise sales outlooks, shares jump—Southwest and American airlines forecast stronger-than-expected revenue for the fourth quarter.
- + MLS Commissioner Don Garber talks Apple subscribers, Messi and growth of soccer —MLS Commissioner Don Garber said Apple subscriptions are exceeding expectations.
- + Prescription fills for weight loss drugs Zepbound and Wegovy more than doubled in 2024, GoodRx says—The jump in prescription fills comes despite limited insurance coverage and high out-of-pocket costs for Novo Nordisk's Wegovy and Eli Lilly's Zepboun...
- + American Airlines chooses Citi as sole credit card partner, drops Barclays—American Airlines had been in talks for months for a new credit card deal with Citi.
- + Why developers are turning to shopping malls to fix the housing crisis—Real estate developers are building housing inside of or next to shopping malls as department stores like Macy's, JC Penney and Sears shrink or cease ...
- + JetBlue cuts more unprofitable routes, tweaks Europe flights—JetBlue is in the middle of a new plan to return to consistent profitability and cut costs.
- + Shares of American Eagle plunge 13% as company issues weak holiday guidance—American Eagle issued weak holiday guidance after reporting its third sales miss in a row.
- + Trump nominates Jared Isaacman, private astronaut and Shift4 CEO, for NASA chief—President-elect Donald Trump on Wednesday nominated Jared Isaacman to be NASA Administrator.
- + ESPN hopes to reach more casual sports fans with Disney+ integration—Disney debuted an ESPN tab on Disney+ on Wednesday for ESPN+ subscribers and will make about 100 live games available on Disney+ to non-subscribers.
- + Airline executives defend seat fees before Senate panel—Executives from American, United, Delta, Frontier and Spirit are set to testify before a Senate panel Wednesday about their seating fees.
- + Foot Locker shares tumble as it issues gloomy holiday outlook, sees 'softness' at Nike—Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
- + Foot Locker shares tumble 15% as it issues gloomy holiday outlook, sees 'softness' at Nike—Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
- + GM expects more than $5 billion impact from China restructuring, including plant closures—General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writ...
- + Airline executives set to defend seat fees before Senate panel—Executives from American, United, Delta, Frontier and Spirit are set to testify before a Senate panel Wednesday about their seating fees.
- + Eli Lilly's Zepbound causes greater weight loss than Novo Nordisk's Wegovy in head-to-head trial—Zepbound's greater weight loss is a huge advantage for Eli Lilly, which is competing with Novo Nordisk for a larger share of the weight loss drug mark...
- + CDC says McDonald's E. coli outbreak is over —The CDC said 104 people in 14 states were infected in the E. coli outbreak linked to McDonald's.
- + Dollar stores are struggling to win over bargain hunters — here’s why—Slowing sales and company-specific struggles have put pressure on Dollar General and Dollar Tree, which will report quarterly earnings this week.
- + Constellation Brands to sell Svedka vodka to Sazerac as wine and spirits segment struggles—Constellation Brands will sell its Svedka vodka brand to alcoholic beverage company Sazerac in the coming months.
- + Frontier Airlines will install first-class seats as industry battles for high-paying flyers—Frontier Airlines next year will retrofit its Airbus jetliners to include two rows of first-class seats.
- + Shoppers hunt for deals, but Dollar General and Dollar Tree aren't reaping the benefits—Slowing sales and company-specific struggles have put pressure on Dollar General and Dollar Tree, which will report quarterly earnings this week.
- + Banks hit credit card users with higher rates in response to regulation that may never arrive—CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging...
- + Jaguar reveals 'Type 00' concept car, first under controversial new brand identity—Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called "Type...
- + GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion—General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Soluti...
- + Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales—Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly "different views" between the executive and the board of ...
- + 'Moana 2' snares $221 million in its five-day domestic opening, fueling the biggest Thanksgiving box office of all time—Disney's "Moana 2," Universal's "Wicked" and Paramount's "Gladiator II" pushed the five-day Thanksgiving holiday to its biggest haul in cinematic hist...
- + Trump voters could fuel holiday spending, while Harris supporters may pull back—President-elect Donald Trump's supporters feel better about the economy's prospects now that he's in office, which means they'll likely spend more thi...
- + College Football Playoff expansion boosts advertising, viewership at Disney—Disney's TV networks, including ABC and ESPN, are reaping the benefits of the expanded College Football Playoff format this season.
- + As retailers enter the holiday shopping season, the winners are pulling away from the pack—Retailers' earnings reports show a sharp divide between brands that are winning sales and those that are missing out.
- + Will the election boost Black Friday and holiday spending? It may depend on how you voted—President-elect Donald Trump's supporters feel better about the economy's prospects now that he's in office, which means they'll likely spend more thi...
- + 'Moana 2'-led Thanksgiving box office could be best in post-pandemic era—The trifecta of "Moana 2," "Wicked" and "Gladiator II" could make this year's Thanksgiving box office the best in years.
- + Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes—The retailer's sales growth is notable at a time when discretionary merchandise and the luxury sector have been under pressure.
- + Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau—The results shed light on how MariTide may measure up to weight loss injections from Novo Nordisk and Eli Lilly and other experimental treatments.
- + Amgen says obesity drug caused up to 20% weight loss after a year, but shares drop 10%—The results shed light on how MariTide may measure up to weight loss injections from Novo Nordisk and Eli Lilly and other experimental treatments.
- + Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website—The big-box retailer, the nation's largest, joins a growing list of companies feeling the heat from conservative activists.
- + Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada—Automakers like General Motors and Stellantis have major production presences in Mexico and could take a hit from tariffs.
- + Dick's Sporting Goods posts robust holiday guidance—Dick's Sporting Goods posted cautious guidance earlier this year as it braced for the 2024 election, but it now expects sales to be better than expect...
- + Abercrombie expects a strong holiday quarter as growth run continues—Abercrombie & Fitch is expecting a strong holiday shopping season, and the arrest of its former CEO Mike Jeffries for sex trafficking did not seem...
- + Senate report slams airlines for raking in billions in seat fees—The Senate panel is calling airline executives to testify next week about their carriers' fees.
- + Best Buy cuts full-year sales forecast due to softer demand for consumer electronics—Best Buy is waiting for a wave of shoppers to replace old devices and upgrade to new, higher-tech ones after an approximately two-year sales slump.
- + Constellation Brands' stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive—Constellation manufactures all of its beers, including Modelo and Corona, in Mexico.
- + Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan—Kohl's CEO Tom Kingsbury is stepping down on Jan. 15, to be replaced by current Michaels CEO Ashley Buchanan.
- + Starbucks baristas can't view their schedules after ransomware attack on vendor—Starbucks baristas are not able to view and manage their schedules because of a ransomware attack on one of the company's vendors.
- + State Farm signs JuJu Watkins and increases investment in women's sports —Insurance company State Farm is increasing its investment in women's sports with deals with JuJu Watkins and the Unrivaled basketball league.
- + Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses—Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.
- + Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand—Barcelona-based Mango is looking to elevate its brand amid a broad U.S. expansion that will include 60 new stores and a new logistics center.
- + The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving—After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back.
- + 'Wicked' soars with $114 million domestic opening, 'Gladiator' snares $55.5 million—Universal's "Wicked" tallied an estimated $114 million domestic opening and Paramount's "Gladiator II" is set to haul in $55.5 million.
- + Can Starbucks fix long lines at its airport cafes?—Starbucks CEO Brian Niccol has said airport stores' performance could improve.
- + 'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis—CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
- + CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal —The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.
- + 'Wicked' tallies $19 million in previews, as 'Gladiator II' team-up heads for $200 million opening weekend—"Wicked" and "Gladiator II" arrive ahead of the Thanksgiving holiday and are expected to tally more than $200 million in combined ticket sales.
- + Caitlin Clark joins NWSL ownership group bidding to bring soccer team to Cincinnati—Caitlin Clark has joined an ownership group looking to bring the 16th National Women's Soccer League team to Cincinnati, Ohio.
- + How the world's 431 women billionaires make, spend and give away their fortunes —Women are more likely to emphasize a philanthropic focus on nonprofit and social organizations.
- + Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts—Dozens of retailers, including Macy's, Gap and TJ Maxx, increased APRs on their store credit cards before the Federal Reserve cut rates, padding their...
- + Gap shares surge as it raises guidance, touts 'strong start' to holiday—Gap said Old Navy's sales fell after hurricanes led to store closures and warm weather deterred sales in its kids category.
- + SailGP signs Rolex as first title partner of its global sailing competition—SailGP's global championship features a dozen national teams battling in identical high-tech, high-speed 50-foot foiling catamarans.
- + NHL great Wayne Gretzky says Alex Ovechkin has been 'exceptional' for hockey as he nears goals record—Gretzky spoke about the state of the NHL and Ovechkin's pursuit of his all-time goals record.
- + Home sales surged in October, just before mortgage rates jumped—Sales were 2.9% higher than October of last year, marking the first annual increase in over three years.
- + Crypto investor pays $6 million for a banana — and plans to eat it—Sotheby's auctioned off the infamous piece of work titled "Comedian," created by Italian artist and cultural prankster Maurizio Cattelan.
- + CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle—The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.
- + New York City FC, Etihad Airways agree to 20-year naming rights deal for new MLS stadium—New York City FC and Etihad Airways have agreed to a 20-year exclusive naming rights deal for its new stadium.
- + Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group—TGL is the new primetime, high-tech golf league launched by Tiger Woods, Rory McIlroy and Golf Channel executive Mike McCarley.
- + Hyundai reveals all-electric Ioniq 9 three-row SUV—Hyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV a three-row, up to seven-passenger SUV for the U.S. market.
- + McDonald's preparing a 2025 'McValue' offering—In its most recent quarter, McDonald's reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%.
- + Comcast's cable network spinoff may be a signal to the media industry for necessary change—Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.
- + Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years—Target missed on earnings and revenue even as it cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shop...
- + American Airlines to shame boarding line cutters with new technology—American Airlines plans to roll out the new technology to 100 airports across the country.
- + Utah Hockey Club is beefing up Salt Lake City's roster as a sports hub—The NHL's Utah Hockey Club is solidifying Salt Lake City as the next sports hub, with the help of a fast-growing economy and tech billionaire Ryan Smi...
- + Comcast to spin off cable networks as subscribers flee the bundle—Comcast on Wednesday announced the spinoff of its cable networks, including CNBC, MSNBC and E!.
- + Delta expects higher profits thanks to high-end travel and 'resilient economy'—Delta, the most profitable U.S. airline, expects to expand capacity by no more than 4% year-over-year in 2025.
- + TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story—TJX Cos. is continuing to grow sales as competitors like Target and Macy's struggle to win over shoppers.
- + Delta CEO says Trump administration's approach to regulation could be 'breath of fresh air' —Delta CEO Ed Bastian said the Trump administration could address governmental "overreach" in regulation.
- + Cleveland launches formal bid for a WNBA team—The Cavs said Thursday they and Rock Entertainment Group had formally submitted a proposal for a WNBA expansion team.
- + The NHL has strict rules for how much teams can spend. Here's how it works—The NHL is one of two of the big four North American sports leagues with a hard salary cap.
- + NHL looks beyond U.S., Canada for league growth—International expansion means more robust recruiting, a bigger audience and more revenue and sponsorship opportunities.
- + CNBC's Official NHL Team Valuations 2024: Here's how the 32 franchises stack up—The average NHL team is worth $1.92 billion, and recent transactions are commanding revenue multiples that rival deals done in the MLB.
- + Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031—The Disney Treasure will make its maiden voyage in December, officially becoming the sixth ship in the company's cruise line.
- + Target will report earnings before the bell. Here's what to expect—Target has cut prices on thousands of items, including milk, diapers and toys, to try to attract discerning shoppers.
- + Comcast will announce the spinoff of cable networks Wednesday, sources say—Comcast is planning to announce the spinoff of its cable networks, including CNBC, MSNBC and E!, on Wednesday, according to a source familiar with the...
- + SpaceX completes sixth Starship flight, splashes down both booster and spacecraft—SpaceX launched its sixth Starship test flight to date on Tuesday.
- + Walmart hikes its outlook again as shoppers spend more outside the grocery aisles—The discounter will deliver its latest sales results as inflation cools and the holiday season heats up.
- + Mike Tyson, Jake Paul fight was the most-streamed sporting event ever, Netflix says—Netflix said 108 million global viewers tuned in for the fight between Tyson and Paul, a major test for the streamer in the live sports realm.
- + Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year—Lowe's topped quarterly earnings and revenue estimates, but even its raised sales outlook would be a decline from last year.
- + CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices—The complaint is the latest move in a bitter legal fight between the U.S.'s three largest so-called pharmacy benefit managers, or PBMs, and the FTC.
- + Stellantis delays Ram electric pickup truck until 2025—Stellantis is delaying the launch of its Ram electric pickup truck from this year until the first half of 2025.
- + Walmart may have to raise some prices if Trump tariffs take effect, CFO says—The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.
- + RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power—Trump's selection is sounding the alarm in the public health community and leaving the biotech and pharmaceutical industries cautious of changes to co...
- + NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights—The NBA and WBD have agreed to end all legal disputes, allowing the league to move forward with new media partners Comcast, Disney and Amazon.
- + 1 in 5 Americans get their news from social media influencers—While previous research found more women consume news on sites like Facebook, Instagram and TikTok, Pew found close to two-thirds of news influencers ...
- + Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses—The airline hasn't posted an annual profit since 2019 and lost more than $335 million in the first half of the year.
- + AMC is poised to ride the box-office rebound, as long as its debt doesn't get in the way—AMC is taking strides to improve its revenue and coax lapsed moviegoers back into its theaters with premium screens and specialty popcorn buckets.
- + What travelers need to know about Spirit Airlines' bankruptcy —Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 ye...
- + LeBron James' SpringHill to merge with 'The Kardashians' producer Fulwell 73—LeBron James' entertainment company, SpringHill Co., agreed to merge with Fulwell 73, producer of "The Kardashians."
- + Restaurant executives can't wait for 2025 after slow traffic and wave of bankruptcies—This year, restaurant bankruptcy filings soared, industry traffic declined and same-store sales disappointed.
- + Netflix said a record 60 million households worldwide tuned in for Jake Paul versus Mike Tyson fight—The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books.
As of 12/21/24 10:43am. Last new 12/21/24 6:11am. Score: 510
- Next feed in category: The Telegraph - Business