Pedestrians pass in front of a Forever 21 store in New York. Scott Mlyn | CNBC Apparel retailer Forever 21 said Sunday night it is filing for Chapter 11 bankruptcy protection. The fast-fashion retailer obtained $275 million in financing from its existing lenders with JPMorgan Chase and $75 million in new capital from TPG Sixth
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The 2019 Acura NSX Mack Hogan | CNBC Acura reinvented the supercar 29 years ago with the original NSX. The high-powered, mid-engined supercar went toe-to-toe with Ferrari and Porsche while offering Acura levels of reliability and ease of use. While Ferrari owners had to pull the engine out of their cars every few years for
When executives at consumer-facing companies refer to their customer, it’s typically using the pronoun “she.” It’s ironic, that very few of those same companies are run by women. That’s not the case at Best Buy. Corie Barry took over the top job in June as the consumer electronics retailer’s first female chief executive, one of
[This stream is slated to begin at 9 p.m. ET. Please refresh if you do not see the player above at that time] SpaceX founder and CEO Elon Musk is slated to give an updated presentation on the company’s Starship rocket on Saturday evening in Cameron County, Texas. The massive rocket represents the company’s ambition
SpaceX founder and CEO Elon Musk will provide an update on the company’s next-generation rocket as well as its plans for trips to the moon and Mars from a growing facility in the southernmost part of Texas Saturday evening. Called Starship, this rocket represents the vessel of SpaceX’s vision: Make humanity a species that lives
Digital pharmacy GoodRx is now helping patients do more than just price shop for prescription drugs, co-founder and co-CEO Doug Hirsch told CNBC’s Jim Cramer on Friday. It’s going directly into the world of medical services by launching GoodRx Care, which allows people to see a board-certified physician for a number of conditions, starting at
CNBC’s Jim Cramer reacts to the Trump administration’s move to consider stopping U.S. investors from investing into China’s businesses and debriefs the 2019 class of IPOs. The “Mad Money” host makes recommendations for investors who are worried about the future of the American health care system. He holds an interview with the CEO of CNBC
The New York State Department of Health shared photos of some of the products it found to contain vitamin E acetate, a key focus of the department’s investigation into potential causes of vaping-associated lung disease. Source: New York State Department of Health The Centers for Disease Control and Prevention is urging people to stop vaping
CNBC’s Jim Cramer explains why Wall Street fears a potential Elizabeth Warren presidency and where investors should put their money. The “Mad Money” host makes recommendations on the stocks of Herman Miller, Steelcase and Peloton after its new public listing. Cramer sits down with Taylor Morrison CEO Sheryl Parker and learns that millennial home buying
Wall Street is “terrified” of a potential Elizabeth Warren presidency and it has opened up buying opportunities in the market, CNBC’s Jim Cramer said Thursday. The worried investors are trying to game the 2020 election and the Massachusetts senator’s odds of winning the Democratic Party nomination and the White House as she closes the lead
Chairman Raja Krishnamoorthi (D-IL) (L) points to a poster showing similarities between Marlboro cigarette ads and JUUL Vaping paraphernalia, during a House Economic and Consumer Policy Subcommittee hearing that heard testimony on JUUL’s Role in the youth nicotine epidemic, on July 25, 2019 in Washington, DC. Mark Wilson | Getty Images A U.S. congressional panel
D23 EXPO 2019 – The Ultimate Disney Fan Event – brings together all the worlds of Disney under one roof for three packed days of presentations, pavilions, experiences, concerts, sneak peeks, shopping, and more. The event, which takes place August 23 – 25 at the Anaheim Convention Center, provides fans with unprecedented access to Disney
General Motors on Sept. 25, 2019 announced it is partnering with Amazon to enable the tech company’s Alexa voice assistant in millions of its vehicles. GM DETROIT – General Motors is partnering with Amazon to enable the tech company’s Alexa voice assistant in millions of its vehicles. The companies on Wednesday said the popular voice
A handful of retailers are on sale. Ralph Lauren, Nordstrom, Victoria’s Secret parent L Brands, and Urban Outfitters are trading at their lowest forward multiples in around a decade. That low valuation pushed Atlantic Equities to get bullish on Ralph Lauren on Tuesday. All have underperformed the market this year with double-digit losses across all
This photo taken on July 19, 2018 shows a worker loading sacks of animal feed made from soybeans at the Hopefull Grain and Oil Group in Sanhe, in China’s northern Hebei province. The company is currently using soybeans imported from Brazil, after recently changing from U.S. soybeans. Greg Baker | AFP | Getty Images In
James Monsees, co-founder and chief product officer at JUUL Labs Inc., appears before the House Economic and Consumer Policy Subcommittee which is examining JUUL’s role in the youth nicotine epidemic, on July 25, 2019 in Washington, DC. Mark Wilson | Getty Images News | Getty Images Vaping giant Juul Labs plans to restructure and cut
It’s hard to be sour on Lululemon. The athleisure stock has been something of a juggernaut this year, rallying over 60% since the start of 2019. With fellow sportswear giant Nike reporting earnings after Tuesday’s closing bell, some investors are taking a closer look at this corner of retail to see which company is best
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev has priced its Budweiser initial public offering at HK$27 a share, a source familiar with the matter told CNBC’s Emily Tan. At that pricing, the company
A photo from SpaceX CEO Elon Musk of the company “adding the rear moving fins” to the first Starship rocket in Boca Chica, Texas. @elonmusk SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first of the company’s vehicles coming together at its facility in Texas.
The U.S. and China must work closely to reach a trade deal as their bilateral dispute has a global impact, said China’s former vice finance minister on Monday. “We hope that China and U.S. can reach an agreement with mutual respect, mutual benefit with equal treatment for each other,” said Zhu Guangyao told CNBC’s “Squawk