Business

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

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

In this article CERE ABBV Follow your favorite stocksCREATE FREE ACCOUNT A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021. Brian Snyder | Reuters AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion.  Under the terms of the deal, AbbVie will pay $45 per share

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s CosMc’s Restaurant. Courtesy: McDonald’s McDonald’s will open the first location of its new spinoff brand CosMc’s this week in Bolingbrook, Illinois. The fast-food giant plans to open 10 CosMc’s locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald’s

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 CHTR CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Charter shares closed down by more than 8% Tuesday after its Chief Financial Officer Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast‘s stock also closed down by more than

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

A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood of New York, US, on Friday, Nov. 10, 2023.  Yuki Iwamura | Bloomberg | Getty Images Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week. One congressman who sits on a key

Harun Ozalp | Anadolu | Getty Images The free version of ChatGPT may provide inaccurate or incomplete responses — or no answer at all — to questions related to medications, which could potentially endanger patients who use OpenAI’s viral chatbot, a new study released Tuesday suggests. Pharmacists at Long Island University who posed 39 questions

In this article HA ALK Follow your favorite stocksCREATE FREE ACCOUNT An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters Alaska Air Group‘s executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines’ leaders

In this article ALK HA Follow your favorite stocksCREATE FREE ACCOUNT Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.  Tayfun Coskun | Anadolu Agency | Getty Images Alaska Air Group has agreed to buy rival Hawaiian Airlines

Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan.  Emily Elconin | Getty Images Retailers are cheering after shoppers spent big on gifts and decor in the days after they gobbled up turkey and stuffing. But the strong showing does not necessarily mean those companies will have blowout success in their

A Panera Bread mango yuzu citrus charged lemonade is displayed at a Panera Bread restaurant in Novato, California, on Nov. 1, 2023. Justin Sullivan | Getty Images Panera Bread has confidentially filed to go public again, people familiar with the matter told CNBC. The restaurant chain, known for its soups, sandwiches and bagels, has been

In this article PARA WBD Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Media stocks jumped Friday following a Wall Street Journal report that Apple and Paramount Global are in early-stage talks to offer a bundle of the two company’s streaming platforms. The companies have talked about bundling Apple TV+

In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Pfizer’s twice-daily version of its experimental weight loss pill has now joined a long list of other scrapped drugs that aimed to treat obesity but came with unintended consequences.  The drugmaker on Friday said it will stop developing

In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Southwest Airlines Boeing 737-700 aircraft is seen landing at dusk time at Ronald Reagan Washington National Airport in Arlington, Virginia. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines and its pilots’ union are closing in on a new contract that would raise pay for

A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California. SpaceX Amazon bought three rocket launches from SpaceX for its Project Kuiper internet satellites, the tech giant announced on Friday. The move is a surprise from Amazon, given the company’s Kuiper system aims to compete with

In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT CFOTO | Future Publishing | Getty Images Pfizer on Friday said it would stop developing the twice-daily version of its experimental weight loss pill after obese patients taking the drug lost weight but had trouble tolerating the drug in a mid-stage clinical study.  The drugmaker

Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis more than a decade ago. Sales were down 8.5% from October