An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the central bank's fight against higher prices is making progressThe personal consumption expenditures price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain...
Warren Buffett 's Berkshire Hathaway has been on fire this year with shares roaring back to a record on strong earnings, and this outperformance caused one analyst to urge caution about a slowdown in the stock. James Shanahan at Edward Jones downgraded Berkshire shares to a hold rating from...
A view of a plastic model of a stomach during an interview with Doctor Thomas Horbach, specialist in surgery, visceral surgery and nutritional medicine on Novo Nordisk, which will start selling its hugely popular obesity drug Wegovy in Germany later this month, in Munich, Germany, July 17, 2023.Christine Uyanik...
Black Friday shoppers wait to enter the Nike store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022.Seth Herald | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report....
Striking members of the United Auto Workers (UAW) picket outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, U.S., September 26, 2023.Evelyn Hockstein | ReutersDETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, as the union threatens to...
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017.Fred Kfoury | Icon Sportswire | Getty ImagesThe PGA Tour is attracting potential outside investors — some of which are considering making a rival pitch...
A rendering of the "Orbital Reef" space station in orbit.Blue OriginThe Orbital Reef space station partnership between Jeff Bezos' Blue Origin and Sierra Space is on rocky footing, CNBC has learned.The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in...
A GameStop location on 6th Avenue on March 23, 2021 in New York.View Press | Corbis News | Getty ImagesJust hours after being named GameStop's CEO, Ryan Cohen sent out a memo to employees on Thursday that emphasized he will take dramatic steps to ensure the struggling video game...
Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates.Here's how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on a survey...
Harun Ozalp | Anadolu Agency | Getty ImagesThe National Football League on Thursday responded to a recent report that pointed out its ads were placed on white nationalist feeds on Elon Musk's social media platform, X."NFL unequivocally denounces any form of hate speech and has absolutely no association with...