The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership “Berlin Express” at Burchardkai in the Port of Hamburg. Marcus Brandt | Picture Alliance | Getty Images Two shipping giants, Hapag-Lloyd and Maersk, are pausing their travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East following a

In this article C Follow your favorite stocksCREATE FREE ACCOUNT Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC.  Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Sydney Boyo DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is

In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from

In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Southwest Airlines CEO Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange on Dec. 9, 2021. Brendan McDermid | Reuters With the peak Christmas travel season just days away, Southwest Airlines‘ CEO vowed that the carrier will not have

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Timothee Chalamet stars as a young Willy Wonka in Warner Bros.’ “Wonka.” Warner Bros. Discovery A younger, sweeter Willy Wonka enters theaters this weekend. Oh, and he does a lot more singing. Expectations are high that “Wonka” will deliver families to theaters, as the film

In this article MRK MRNA Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of Moderna’s clinical manufacturing facility.  David L. Ryan | Boston Globe | Getty Images Moderna and Merck‘s experimental cancer vaccine, when used in combination with Merck’s blockbuster therapy Keytruda, reduced the risk of death or relapse in patients with the most

A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Manhattan rents fell for the first time in over two years, as the supply of empty apartments grew and renters held out for

SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023.  Joe Skipper | Reuters The valuation of Elon Musk’s SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday. The company is discussing

In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Shares of Pfizer fell Wednesday after the drugmaker forecast 2024 revenue and profit below Wall Street’s expectations, as it sees weak demand for its once-blockbuster Covid products.  Pfizer also raised the target of its sweeping cost-cutting plan by $500 million, bringing the anticipated total to

A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launch Site One in west Texas, U.S. December 11, 2021. Joe Skipper | Reuters Jeff Bezos’ Blue Origin is preparing to

In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Rege-Jean Page and Phoebe Dynevor star in Netflix’s “Bridgerton.” Netflix Creators rejoice: Netflix is finally revealing viewership statistics about nearly all of its shows and movies. Netflix released its first “What We Watched” report Tuesday, which ranks almost all of its shows and movies by

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a

In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT Game maker Hasbro Justin Sullivan | Getty Images Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as

In this article M Follow your favorite stocksCREATE FREE ACCOUNT People wait in line outside Macy’s before opening on “Black Friday” in New York City on November 24, 2023. The retail sector’s efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual “Black Friday” shopping day followed by the newer

In this article DG Follow your favorite stocksCREATE FREE ACCOUNT The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Brandon Bell | Getty Images Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On

In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares

In this article VRTX CRSP Follow your favorite stocksCREATE FREE ACCOUNT The U.S. Food and Drug Administration on Friday approved the country’s first gene-editing treatment, Casgevy, for use in patients with sickle cell disease. The approval comes about a decade after the discovery of CRISPR technology for editing human DNA, representing a significant scientific advancement.

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT The Ronald McDonald balloon floats down Central Park West during the Macy’s Thanksgiving Day Parade on November 23, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images McDonald’s executives painted a rosy portrait of the fast-food giant’s strength and ability to

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle in Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks said it wants to resume contract talks with the union representing its baristas, starting in January.

In this article F 7203.T-JP GM STLA Follow your favorite stocksCREATE FREE ACCOUNT 2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability

President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022. Kevin Lamarque | Reuters The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new

Visitors enter the venue at The NRF 2020 Vision: Retail’s Big Show, held in New York, the United States, Jan. 12, 2020. Wang Ying | Xinhua News Agency | Getty Images The leading retail lobbying group has walked back a key claim about shrink, or inventory losses from various sources, after a news investigation revealed

In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey. Mike Calia | CNBC Lululemon on Thursday said it saw strong third-quarter demand, but the retailer’s shares fell as it gave a tepid holiday outlook. Though sales grew across North

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Timothee Chalamet stars as a young Willy Wonka in Warner Bros.’ “Wonka.” Warner Bros. Discovery LOS ANGELES — There are just a few weeks left at the 2023 box office, and they’ll be dominated by movies from Warner Bros. The studio is capping off the

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the months after the peak shopping season. In an interview with Sara Eisen that aired Wednesday on CNBC’s “Squawk on the

In this article C JPM Follow your favorite stocksCREATE FREE ACCOUNT (L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC.

Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%,

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023.  Patrick T. Fallon | Afp | Getty Images Wells Fargo