David Paul Morris | Bloomberg | Getty ImagesHoliday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation.The major trade group expects sales in November...
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023.George Frey | ReutersEli Lilly on Thursday said supply of its blockbuster diabetes drug Mounjaro has improved in the U.S....
Target CEO Brian Cornell defended his decision to pull some of the retailer's Pride Collection merchandise off shelves earlier this year, saying backlash against the items led to the most serious safety threats that he can recall in his decade with the company.In an interview with CNBC's Becky Quick...
Nikola TRE FCEV2Courtesy: NikolaElectric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it's facing what will be a costly recall of its earlier battery-electric trucks.Nikola recalled all of its Tre battery-electric trucks, 209 in total, in...
Alain Jocard | AFP | Getty ImagesAmazon is unveiling its first buy now, pay later checkout option for the millions of small business owners that use its online store, CNBC learned exclusively.The tech giant plans to announce Thursday that its partnership with Affirm is expanding to include Amazon Business,...
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation.Anjali Sundaram | CNBCTarget CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets.In an interview with CNBC's Becky Quick that aired Thursday morning, he emphasized that the retailer has posted...
Delta Airlines planes sit at Terminal 4 at John F. Kennedy Airport in New York City.Eric Thayer | Getty Images News | Getty ImagesDelta Air Lines is cutting some corporate jobs in an effort to reduce costs as the industry grapples with higher expenses such as for fuel and...
The late Ivana Trump's townhouse in New York has sat on the market for one full year with no takers. In September, it took a $4 million cut from its original asking price, down to $22.5 million. The extravagant residence remains virtually untouched since her death in July 2022. In...
A Starbucks logo at a location in New York, Aug. 17, 2023.Gabby Jones | Bloomberg | Getty ImagesStarbucks is expected to report its fiscal fourth-quarter earnings before the bell Thursday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 97 cents expectedRevenue: $9.29...
A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company's initial public offering at the Nasdaq Market in New York on Sept. 28, 2017.Brendan McDermid | ReutersShares of Roku soared in after-hours trading on Wednesday after the company reported better-than-expected revenue...