Bud Light, made by Anheuser-Busch, sits on a store shelf on July 27, 2023 in Miami, Florida. Joe Raedle | Getty ImagesAnheuser-Busch's Bud Light will again become the official beer sponsor for the Ultimate Fighting Championship with a six-year marketing partnership, the companies announced Tuesday.The sponsorship deal is "well into...
Spotify shares closed 10% higher on Tuesday after the company reported a surprise profit for the third quarter — its first quarterly profit in a year and a half — as price increases and cost-cutting measures took hold.The company's stock has more than doubled so far this year, giving...
United Launch Alliance plans to launch the inaugural flight of its Vulcan rocket on Christmas Eve, CEO Tory Bruno told CNBC's Morgan Brennan on Tuesday.Bruno, speaking at the CNBC Technology Executive Council Summit, said the target window for Vulcan's first launch runs from Dec. 24 through Dec. 26. The...
Nikola's founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October of 2022.Massimo Pinca | ReutersShares of electric truck maker Nikola traded higher Tuesday afternoon after the company said in a regulatory filing that its disgraced founder, Trevor Milton, has been ordered to...
Sphere patch on a Knicks jersey.Source: MSG Sports | Sphere EntertainmentThe New York Knicks are keeping it in the family for their next jersey patch sponsor.Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official jersey patch partner for the 2023-2024 season. The patch...
Satya Nadella, chief executive officer of Microsoft Corp., arrives to federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will disclose its fiscal first-quarter results after U.S. market close on Tuesday.Here's what analysts are looking for:Earnings: $2.65 per share as expected by analysts, according...
General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. Production of the current Bolt is set to end in December, but GM has said a revamped version is on the way.Patrick T. Fallon | Bloomberg | Getty ImagesGeneral...
Check out the companies making headlines in midday trading. Spotify — Shares rallied more than 10% Tuesday after the company posted a surprise profit in the third quarter, its first quarterly profit in more than a year. The company cited cost-cutting measures, including lower market spend and layoffs, as...
DETROIT – The United Auto Workers expanded its strikes against General Motors to a highly profitable full-size SUV plant in Texas, the union said Tuesday.The strike escalation includes roughly 5,000 workers at GM's Arlington Assembly plant, which produces the Cadillac Escalade and Escalade ESV, GMC Yukon and Yukon XL,...
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC's Leslie Picker in Bozeman, MT on Aug. 2nd, 2023.CNBCJPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly considering the poor recent track record of central banks like the Federal...