Jeep CEO enacts turnaround plan after significant sales declines

cnbc 2024-9-13

jeep is executing a turnaround plan of the quintessential american suv brand after five years of consecutive declines in the u s market

Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%

cnbc 2024-9-13

oracle is projecting higher revenue and capital expenditures as its cloud computing arm grows

Adobe stock slips on soft fourth-quarter revenue guidance

cnbc 2024-9-13

adobe reported third quarter results on thursday that beat wall street expectations for sales and earnings

Wholesale prices rose 0.2% in August, in line with expectations

cnbc 2024-9-12

the producer price index was expected to increase 0 2 in august according to the dow jones consensus forecast

Moderna to cut $1.1 billion in costs and launch 10 new products by 2027 as it charts post-Covid future

cnbc 2024-9-12

moderna is deprioritizing certain parts of its pipeline which involves pausing work on some products and scrapping others

Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair with legal chief

cnbc 2024-9-12

norfolk southern ceo alan shaw is out effective immediately and will be replaced by finance chief mark george

Here’s the inflation breakdown for August 2024 — in one chart

cnbc 2024-9-11

the consumer price index rose by 2 5 in august on an annual basis it was the lowest reading since february 2021

Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021

cnbc 2024-9-11

the consumer price index was expected to increase 0 2 in august and 2 6 from a year ago

Amazon is opening Fresh supermarkets after yearlong stall — but many locations remain vacant

cnbc 2024-9-11

amazon has opened a handful of fresh stores in several states in recent months and more locations are expected to open later this year

JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses

cnbc 2024-9-10

jpmorgan chase shares plummeted after the bank said estimates for net interest income next year were too high

Federal Reserve unveils toned-down banking regulations in victory for Wall Street

cnbc 2024-9-10

bank ceos led by jpmorgan chase ceo jamie dimon have lambasted the proposed basel endgame regulation since it was unveiled last year

Southwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline

cnbc 2024-9-10

elliott has pushed for a leadership overhaul at southwest which earlier this year made some of the biggest operational changes in its history

Oracle shares jump on earnings and revenue beat

cnbc 2024-9-10

while oracle becomes more competitive in cloud infrastructure it is also ensuring that competitors can offer its widely used database to their clients

Six issues Brian Niccol will have to fix at Starbucks as he takes over as CEO

cnbc 2024-9-9

former chipotle ceo brian niccol is starting as chief executive of starbucks

Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship

cnbc 2024-9-8

the probe at norfolk southern is in its early stages and it is possible that no misconduct may be uncovered

Boeing Starliner returns to Earth empty, months later than planned

cnbc 2024-9-7

after undocking starliner is expected to take about six hours to return to earth in a landing zone at white sands space harbor in new mexico

Dell and Palantir to join S&P 500; shares of both jump

cnbc 2024-9-7

in the quarterly rebalancing of the s p 500 tech companies dell and palantir were added to the benchmark index

August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%

cnbc 2024-9-6

nonfarm payrolls were expected to expand by 161 000 in august while the unemployment rate fell to 4 2

Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big

cnbc 2024-9-6

nobel prize winning economist joseph stiglitz believes the federal reserve should deliver a half point interest rate cut at its forthcoming meeting

Broadcom says it will sell $12 billion in AI parts and custom chips this year

cnbc 2024-9-6

broadcom ceo hock tan said in a statement that the company expects to record 12 billion in sales from ai parts and custom chips in fiscal 2024

August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says

cnbc 2024-9-5

the total was less than the downwardly revised 111 000 in july and below the dow jones consensus forecast for 140 000

Job openings fell more than expected in July in another sign of labor market softening

cnbc 2024-9-4

the closely watched job openings and labor turnover survey showed that available positions fell to 7 67 million on the month

Weak manufacturing measures raise specter of U.S. economic slowdown

cnbc 2024-9-3

the ism monthly survey of purchasing managers showed that just 47 2 reported expansion in august

Tesla Cybertruck is in a category of its own for better or worse

cnbc 2024-9-3

the cybertruck which in many ways is more cyber than truck has created a new segment in the automotive industry that it solely holds

Soaring sports team values create new pressure for owners on taxes, succession

cnbc 2024-9-3

succession and taxes have become especially important in the nfl where the average age of team owners is now over 72 and team values are all surging

These 10 restaurant chains filed for bankruptcy this year

cnbc 2024-9-1

chapter 11 filings have climbed 49 this year according to bankruptcywatch and big name restaurants such as red lobster and buca di beppo are among them

The Fed’s favorite inflation indicator increased 0.2% in July, as expected

cnbc 2024-8-30

the pce price index was expected to rise 0 2 in july and 2 5 from a year ago according to the dow jones consensus

Dell beats estimates as server sales soar 80%, riding AI wave

cnbc 2024-8-30

dell said it recorded 3 1 billion of ai server sales in the quarter up from 1 7 billion in the may quarter

Gap shares halted after apparent early earnings release

cnbc 2024-8-29

gap shares were halted after the apparent early release of its earnings which are due after the closing bell thursday

Nvidia shares dip in premarket trade despite earnings beating estimates

cnbc 2024-8-29

nvidia shares fell 4 5 in u s premarket trade on thursday despite its fiscal second quarter results beating estimates

Nvidia reports earnings after the bell

cnbc 2024-8-28

nvidia reports second fiscal quarter earnings wednesday after the bell

Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets

cnbc 2024-8-28

lego said revenue during the first six months of the year jumped 13 reaching 31 billion danish krone or about 4 65 billion

NFL expected to vote in favor of private equity ownership; select firms to commit $12 billion

cnbc 2024-8-27

the nfl is the last major sports league to allow private equity investment as rising valuations make it harder for owners to buy in

Home prices hit record high in June on S&P Case-Shiller Index

cnbc 2024-8-27

on a three month running average ending in june prices nationally were 5 4 higher than they were in june 2023 according to data released tuesday

Eli Lilly releases new form of weight loss drug Zepbound for half the price to boost access, supply

cnbc 2024-8-27

eli lilly is offering 2 5 milligram and 5 milligram single dose vials of zepbound for 399 per month and 549 per month respectively

Volkswagen China is spending lots of time at Xpeng to make new EVs

cnbc 2024-8-27

german auto giant volkswagen is spending more time at xpeng than the other way around xpeng co president brian gu told cnbc on monday

Apple to replace CFO Luca Maestri on Jan. 1

cnbc 2024-8-27

maestri will continue to lead teams focusing on it security and real estate development apple said

Intel has hired Morgan Stanley, other advisers for activist defense

cnbc 2024-8-24

with its stock down almost 60 this year intel is gearing up to defend itself against pressure from activist investors

Microsoft plans September cybersecurity event to discuss changes after CrowdStrike outage

cnbc 2024-8-24

industry participants will discuss the idea of relying more on a safer part of windows than the privileged kernel mode that crowdstrike software uses

Crypto industry accounts for almost half of corporate donations in 2024 election, report says

cnbc 2024-8-23

crypto companies have been the biggest corporate spenders in the 2024 elections according to a report from public citizen

Perplexity AI plans to start running ads in fourth quarter as AI-assisted search gains popularity

cnbc 2024-8-22

following months of controversy surrounding plagiarism allegations perplexity ai is about to start selling ads alongside ai assisted search results

FDA approves updated Pfizer, Moderna Covid vaccines as virus surges; shots to be available within days

cnbc 2024-8-22

the covid jabs target a strain called kp 2 a descendant of the highly contagious omicron subvariant jn 1 that began circulating widely in the u s this year

Home sales rose in July for the first time in five months

cnbc 2024-8-22

at the end of the month there were 1 33 million homes on the market an increase of 0 8 from june and 19 8 higher than july 2023

Peloton shares rise 10% as turnaround plan takes hold, losses shrink

cnbc 2024-8-22

peloton has been working to generate free cash flow and return to profitability and has made cuts to sales and marketing budgets to improve its balance sheet

Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage

cnbc 2024-8-22

lynch was one of 22 passengers aboard the bayesian superyacht which capsized while anchored off the coast of sicily

Watch DNC Live: Tim Walz, Bill Clinton, Nancy Pelosi are Day 3 headliners

cnbc 2024-8-22

kamala harris running mate tim walz is the final speaker on a list that includes bill clinton nancy pelosi and pete buttigieg

Fed minutes point to ‘likely’ rate cut coming in September

cnbc 2024-8-21

the federal reserve on wednesday released minutes from its july 30 31 policy meeting

Nonfarm payroll growth revised down by 818,000, Labor Department says

cnbc 2024-8-21

the u s economy created far fewer jobs than originally reported in the 12 month period through march 2024 the labor department reported

Ford delays new EV plant, cancels electric three-row SUV

cnbc 2024-8-21

production at the new plant in tennessee was initially expected to begin next year

Ukraine carries out one of the largest ever drone attacks on Moscow as Kursk incursion continues

cnbc 2024-8-21

the tides of the russia ukraine war largely carried out through artillery and drone advances changed earlier this month