Business

Biogen‘s stock could fall as much as 10% once it releases new data this week on its Alzheimer’s drug, aducanumab, Baird biotech analyst Brian Skorney told CNBC on Monday. The stock could fall even further from its Monday per-share price of around $292 to about $230 if investors believe its drug will be rejected by

Epics | Hulton Archive | Getty Images McDonald’s appears to be entering the chicken sandwich wars. The chain teased a test of a chicken sandwich in Houston and Knoxville, Tennessee on Twitter Sunday. “Houston. Knoxville. Lunch tomorrow? No beef,” the fast-food giant tweeted.  McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat

If there is one thing that Instagram has shown us is that the world is filled with fascinating natural wonders. The downside? There are few geological secrets anymore. What was once a tribe’s, then a town’s, and eventually a country’s pride and joy is now subject to the whims of the international traveling world —

Anna and Olaf from from Disney’s “Frozen II,” voiced by Kristen Bell and Josh Gad. Disney Disney has put another feather in its cap this weekend. “Frozen II” continued to dominate the box office, hauling in $124 million domestically during the five-day Thanksgiving holiday weekend. The animated feature outpaced 2013’s “Hunger Games: Catching Fire” to

Sven the reindeer and Olaf from “Frozen II.” Disney Disney has long been the king of animation, with titles that have not only hauled in billions of dollars at the global box office, but also scored a record number of Academy Awards. This year, that trend continues. The company, which has two animation studios, has

UAW President Gary Jones (left) and FCA North America Chief Operating Officer Mark Stewart opened 2019 contract talks with a ceremonial hand shake during an event on July 16, 2019 at the company’s North American headquarters in Auburn Hills, Mich. Fiat Chrysler DETROIT – Fiat Chrysler and the United Auto Workers union have reached a

A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Future Publishing | Future | Getty Images Black Friday shoppers spent $7.4 billion online, the second largest Internet shopping day ever, according to data compiled by Adobe Analytics. The $7.4 billion marked the

Consumers aren’t waiting until Cyber Monday to shop online this holiday season. Spending online on Black Friday, as of 9 pm ET, hit a new record of $5.4 billion, up 22.3% from a year ago, according to data pulled from Adobe Analytics, which measures transactions from 80 of the top 100 U.S. online retailers. This

The National Football League has suspended Arizona Cardinals defensive back Josh Shaw for betting on games, the league announced Friday. Shaw, who is currently on injured reserve, will not be eligible to play for the remainder of the 2019 season, and out indefinitely until at least the conclusion of the 2020 season for betting on

A crew works to de-ice a plane at Minneapolis-St. Paul International Airport after a blizzard struck overnight on November 27, 2019 in Bloomington, Minnesota. Stephen Maturen | Getty Images Travelers returning from the long Thanksgiving weekend may face disruptions as a slow-moving winter storm advances eastward. Delta Air Lines on Friday said it would waive

(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990’s consumer tastes put certain brands

Ikea flags are seen in Krakow, Poland on 6 June, 2017. (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | NurPhoto | Getty Images The Inter Ikea Group has said it will invest 200 million euros ($220 million) to accelerate its transition into what it describes as a “climate positive business.” In an announcement

A worker moves a bin filled with products inside of an Amazon fulfillment centre in Robbinsville, New Jersey. Lucas Jackson | Reuters Thanksgiving day celebrations may just be getting started but the holiday is already expected to be a bonanza for retailers. Early data released by Adobe showed online retail sales on Thursday will reach

This illustration depicts how the Orbital O2 turbine will look when in the water.  Orbital Marine Power Ltd  The blades for what is being described as the “world’s most powerful tidal turbine” will be manufactured by a firm based in the south of England, according to a contract announcement Thursday. AC Marine & Composites, which

Boeing‘s 737 Max jet will probably not be ready to fly by early March, an aviation safety expert told CNBC on Wednesday. Major U.S. airlines have continued to delay the return of the troubled plane to their flight schedules, but even their latest estimates are likely too hopeful, said Alan Diehl, who has worked at

Sean Boyd, CEO, Agnico Eagle Scott Mlyn | CNBC While demand for gold remains strong, the act of building mines has grown more difficult over the last decade, the CEO of a Canadian miner told CNBC’s Jim Cramer on Tuesday. “It’s a lot tougher now than it was 10 or 15 years ago,” ‘ Sean

Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $2.14 per share, a penny a share above estimates. Revenue also topped forecasts, however Deere said its results continue to be affected by lingering trade tensions and ongoing uncertainties in the agriculture sector. Boeing (BA)

There’s nothing like being there in person. The Japanese sport of sumo has been around for more than 1,000 years. It was originally performed to entertain Shinto deities and then became a court entertainment before gaining popularity among the general public in the Edo era in the 17th and 18th centuries. Even in modern Japan,

Melanie Whelan is resigning from her position as chief executive officer of SoulCycle, effective Tuesday, the company told CNBC Make It. Whelan is also vacating her position as the director on the company’s board. Both sides felt it was time for a leadership transition, according to a person briefed on the decision who asked not to

Kayaks are displayed outside of a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported its strongest same-store sales gains since 2013, as its e-commerce sales grew 13% during the latest quarter, and it sold more apparel and footwear. The company