Business

Travelers are flocking to airport lounges in search of complimentary food, drinks and perhaps most importantly, a chance to relax away from the hordes of travelers at the gate. The problem: plenty of other travelers are too. Armed with high-end rewards credit cards and fresh from years of big spending, more and more travelers are

A townhouse for sale in the Upper East Side neighborhood of NYC.  Adam Jeffery | CNBC Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 15.4% compared with September 2022. This is the slowest

In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Visitors can avoid lines at Disney World if they buy into the system. Joseph Prezioso | Anadolu Agency | Getty Images Disney‘s restructuring has triggered some changes in how the company shares its financial details, shedding light on just how strong its theme park business

In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT Cold and flu medicine including NyQuil sit on a store shelf in Miami on Sept. 12, 2023. Joe Raedle | Getty Images CVS is removing some of the most common cough and cold medicines from its store shelves and will no longer sell them, a

Illustration by Elham Ataeiazar It’s no secret that Shein has ambitions to go public, but the fast-fashion juggernaut will have to overcome a slew of hurdles before it can win over Wall Street. The digitally native retailer skyrocketed to prominence during the Covid-19 pandemic after shoppers across the globe fell in love with its fashion-forward

Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT SportsCenter at ESPN Headquarters. The Washington Post | The Washington Post | Getty Images The reorganization of Disney‘s business is giving investors a glimpse at ESPN’s financials for the first time. The inside look – which shows ESPN’s revenue has been decreasing in recent quarters

In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023. Joan Cros | Nurphoto | Getty Images Netflix is correcting the Great Netflix Correction. There once was a time, long ago in April 2022, when Netflix reported

In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday. The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price hikes, password crackdowns and

UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by at least a year

In this article MGM CZR WYNN Follow your favorite stocksCREATE FREE ACCOUNT MGM Resorts International’s MGM Grand Detroit hotel stands in Detroit on Oct. 30, 2013. Bryan Mitchell | Bloomberg | Getty Images Auto workers aren’t the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working conditions, walked

In this article NWSA Follow your favorite stocksCREATE FREE ACCOUNT Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company. Starboard CEO Jeffrey Smith told CNBC’s David Faber on Tuesday that the firm is building a position

In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Bill Ford, Executive Chairman of Ford Motor Company, announces at a press conference that Ford will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in

In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT Taylor Swift performs onstage for the opening night of “Taylor Swift | The Eras Tour” at State Farm Stadium. Kevin Mazur | Getty Images Entertainment | Getty Images Box office analysts became Swifties in the lead-up to Taylor Swift’s Eras Tour concert film release, estimating

In this article PFE SAN-FR Follow your favorite stocksCREATE FREE ACCOUNT A doctor vaccinates an infant against respiratory syncytial virus (RSV) in a treatment room of her paediatric practice. Swen Pförtner | Picture Alliance | Getty Images Two new immunizations promise to protect babies from respiratory syncytial virus – if people can find them. Providers

In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT Popcorn buckets are pictured during the “Taylor Swift: The Eras Tour” concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023. Valerie Macon | AFP | Getty Images Taylor Swift fans had just eight hours to buy tickets for last-minute

In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT An Ozempic injection pen is seen on a kitchen table in Riga, Latvia, on Aug. 6, 2023. Jaap Arriens | Nurphoto | Getty Images Novo Nordisk on Friday raised its outlook for its full-year sales and operating profit due to soaring demand for its blockbuster

In this article Follow your favorite stocksCREATE FREE ACCOUNT Snickers and Mars candy bars, produced by Mars Inc., sit on display. Bloomberg | Bloomberg | Getty Images For 11 months of the year, Tim LeBel is Mars Wrigley’s president of sales. But for the month of October, he dons a new title: chief Halloween officer.