The Wayfair app on a smartphone arranged in Hastings-on-Hudson, New York.Tiffany Hagler-Geard | Bloomberg | Getty ImagesWayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat...
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The results come as Moderna inches closer to putting another product on the market, which it badly needs as...
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesShares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit during the first quarter.Here is how the company...
A Bally Sports display is shown in the eighth inning of the game between the Houston Astros and Minnesota Twins at Target Field on April 9, 2023 in Minneapolis, Minnesota. The Astros defeated the Twins 5-1.David Berding | Getty Images Sport | Getty ImagesComcast customers on Wednesday lost access...
It's finally here: the long-predicted consumer pullback.Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald's said it has adopted a "street-fighting mentality" to compete for value-minded...
Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022. Ivan Pisarenko | AFP | Getty ImagesViking is not your typical cruise operator.Aboard its smaller, upscale vessels, you won't find any kids. In fact, the cruise line doesn't hide the fact that...
CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry.Shares of the company dropped 10% in premarket trading.The drugstore chain expects 2024 adjusted earnings of at least $7 per...
Johnson & Johnson on Wednesday said it will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer.The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management. More...
Ford Mustang on display at the NY Auto Show, April 6, 2023.Scott Mlyn | CNBCDEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial intelligence for employee coaching evaluations and emulates Netflix and YouTube interfaces more...
Michael Jordan #23 and Scottie Pippen #33Nathaniel S. ButlerIn the pantheon of theme songs for TV sports, "Roundball Rock," John Tesh's anthem that accompanied National Basketball Association games on NBC until 2002, is arguably the greatest.If NBCUniversal wins the rights to air the NBA again, it would have a...