A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesClosed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National...
Edgar Bronfman, Jr.Cameron Costa | CNBCThe future of Paramount Global is still uncertain.Paramount's special committee on Wednesday said it would extend by 15 days an agreed-upon "go shop" period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr.Bronfman initially offered $4.3 billion...
There's no room for price gouging in an ultracompetitive business like retail, Target CEO Brian Cornell said Wednesday.In an interview on CNBC's "Squawk Box," the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business.He...
Shauntil Cox lifts weights with the help of her trainer, Deano Troost, at a Planet Fitness in New Caney, Texas, on Sept. 19, 2023.Jason Fochtman | Houston Chronicle | Hearst Newspapers | Getty ImagesA growing share of gym users is looking to build muscle, leading major fitness companies to...
DETROIT – Ford Motor is delaying production of a new plant in Tennessee to produce a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV, the company said Wednesday.Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such...
Health-care marketplace Sesame on Wednesday announced a new clinical weight loss program that will help eligible consumers access compounded versions of Novo Nordisk's blockbuster obesity drug Wegovy for $249 per month.Sesame allows patients to book and pay for appointments with doctors and specialists directly through its website, so it...
A Target store stands in Manhattan, New York City, on March 5, 2024.Spencer Platt | Getty ImagesTarget will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits.Here is what Wall Street expects for the Minneapolis-based retailer,...
Moët Hennessy SirDavis American Whisky.Courtesy: Moët HennessyBeyoncé is holding her whiskey up high.The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH's Moët Hennessy, the brand announced in a press release Tuesday.Beyoncé shared the news holding up a glass...
A rendering of the company's laser communications system on satellites in orbit.MynaricSpace stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company's chief financial officer.Germany-based Mynaric slashed its 2024 revenue guidance nearly 70% at the midpoint,...
Shein and Temu.Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty ImagesChinese-linked fast fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud. The suit, filed Monday in Washington D.C. federal court, comes as...