Business

In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT Game maker Hasbro Justin Sullivan | Getty Images Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as

In this article CI HUM Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Shares of Cigna jumped Monday following reports that the health-care giant has scrapped its plans to buy rival Humana due to disagreements on price, putting an early end to what would have been one of the largest

In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares

In this article VRTX CRSP Follow your favorite stocksCREATE FREE ACCOUNT The U.S. Food and Drug Administration on Friday approved the country’s first gene-editing treatment, Casgevy, for use in patients with sickle cell disease. The approval comes about a decade after the discovery of CRISPR technology for editing human DNA, representing a significant scientific advancement.

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT The Ronald McDonald balloon floats down Central Park West during the Macy’s Thanksgiving Day Parade on November 23, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images McDonald’s executives painted a rosy portrait of the fast-food giant’s strength and ability to

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle in Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks said it wants to resume contract talks with the union representing its baristas, starting in January.

In this article F 7203.T-JP GM STLA Follow your favorite stocksCREATE FREE ACCOUNT 2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Timothee Chalamet stars as a young Willy Wonka in Warner Bros.’ “Wonka.” Warner Bros. Discovery LOS ANGELES — There are just a few weeks left at the 2023 box office, and they’ll be dominated by movies from Warner Bros. The studio is capping off the

Visitors enter the venue at The NRF 2020 Vision: Retail’s Big Show, held in New York, the United States, Jan. 12, 2020. Wang Ying | Xinhua News Agency | Getty Images The leading retail lobbying group has walked back a key claim about shrink, or inventory losses from various sources, after a news investigation revealed

In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey. Mike Calia | CNBC Lululemon on Thursday said it saw strong third-quarter demand, but the retailer’s shares fell as it gave a tepid holiday outlook. Though sales grew across North

President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022. Kevin Lamarque | Reuters The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s CosMc’s Restaurant. Courtesy: McDonald’s McDonald’s will open the first location of its new spinoff brand CosMc’s this week in Bolingbrook, Illinois. The fast-food giant plans to open 10 CosMc’s locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald’s

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the months after the peak shopping season. In an interview with Sara Eisen that aired Wednesday on CNBC’s “Squawk on the

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s store sign in Austin, Texas, Oct. 30, 2023. Brandon Bell |Getty Images McDonald’s wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027. The targets are part of the fast-food giant’s long-term plans to grow

In this article CHTR CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Charter shares closed down by more than 8% Tuesday after its Chief Financial Officer Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast‘s stock also closed down by more than

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT French fries arranged at a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s is expected to share new details about its accelerated expansion plans, a new spinoff brand called CosMc’s and

A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood of New York, US, on Friday, Nov. 10, 2023.  Yuki Iwamura | Bloomberg | Getty Images Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week. One congressman who sits on a key

Harun Ozalp | Anadolu | Getty Images The free version of ChatGPT may provide inaccurate or incomplete responses — or no answer at all — to questions related to medications, which could potentially endanger patients who use OpenAI’s viral chatbot, a new study released Tuesday suggests. Pharmacists at Long Island University who posed 39 questions

In this article HA ALK Follow your favorite stocksCREATE FREE ACCOUNT An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters Alaska Air Group‘s executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines’ leaders

Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan.  Emily Elconin | Getty Images Retailers are cheering after shoppers spent big on gifts and decor in the days after they gobbled up turkey and stuffing. But the strong showing does not necessarily mean those companies will have blowout success in their