Business

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Medicare drug plans can now cover Eli Lilly‘s blockbuster obesity drug Zepbound for obstructive sleep apnea, CNBC confirmed on Wednesday.  That opens the door for broader access to Zepbound, which is

The Federal Reserve’s top banking regulator will be stepping down next month, paving the way for President-elect Donald Trump to name a replacement and heading off a potential confrontation between the two. Michael Barr’s resignation from the position, which is formally called the vice chair for supervision, takes effect as of Feb. 28, though he

Scout Terra pickup truck and Scout Traveler SUV concepts Scout LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume. Volkswagen revived Scout, which was an American brand from 1961 to 1980, and revealed production-intent vehicles of its Terra pickup truck

Pictured here is the Grand Indonesia shopping mall in Jakarta on Friday, Jan. 5, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Huawei spinoff Honor announced Tuesday it plans to launch smartphone sales in Indonesia by the end of March, becoming the latest Chinese company to enter a market that has banned Apple’s iPhone

Honda 0 Saloon & Honda 0 SUV prototypes Honda LAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company’s newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio. The vehicles are the Honda 0 Saloon, which is an updated version of a

Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University’s Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022. Ann Saphir | Reuters The early departure of the Federal Reserve’s top financial regulator allows for

Frontier Airlines Nurphoto | Nurphoto | Getty Images Discount carrier Frontier Airlines is beefing up service in New York, planning new nonstop routes to major American Airlines hubs with fares starting under $20. The airline plans to launch service between New York’s John F. Kennedy International Airport and Miami International Airport on March 30. A

DLocal is one of Latin America’s most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay. Sopa Images | Lightrocket | Getty Images LONDON — Uruguayan payments firm dLocal has secured a U.K. payment institution license, adding to the company’s growing portfolio of

After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy. Photo by Yoshikazu Tsuno | Gamma-rapho | Getty Images LAS VEGAS — Toyota Motor is exploring the development and production of orbital rockets, Chairman Akio Toyoda said Monday. The

Melkinimages | E+ | Getty Images Target-date funds are a way for 401(k) participants to put their retirement savings on autopilot — and they capture the lion’s share of investor contributions to 401(k) plans. About 29% of assets in the average 401(k) plan were held in TDFs as of 2023, according to the Plan Sponsor

Jaque Silva | Nurphoto | Getty Images Comcast plans to launch a new advertising platform that will make it easier for smaller businesses to buy ad time — and, the company hopes, to beckon some advertisers away from social media and digital outlets and over to traditional TV’s streaming businesses. On Monday, Comcast announced the

Beijing-based robot vacuum maker Roborock revealed a new model in January 2025 with an artificial intelligence-powered folding arm for removing obstacles. CNBC | Evelyn Cheng BEIJING — Chinese robot vacuum cleaner company Roborock revealed a new model on Monday that comes with a folding arm for removing socks and other obstacles — a feature powered

Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Via Reuters Boeing is embarking on another rebuilding year. A year ago, the company was thrust back into the spotlight for concerns over safety and quality when a fuselage panel that covered an unused emergency

JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013. Fred Prouser | Reuters The Department of Transportation fined JetBlue Airways $2 million for “chronically delayed flights,” the first penalty of its kind, the DOT said Friday. JetBlue operated four routes that were delayed

A customer drinks a glass of beer at the Saxton Pub in Austin, Texas, April 5, 2023. Brandon Bell | Getty Images The U.S. surgeon general issued a new advisory warning Friday about the link between alcohol consumption and increased cancer risk, and pushed for policy changes to help reduce the number of alcohol-related cancers.

Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024. Robyn Beck | Afp | Getty Images DETROIT – Sales of new vehicles in the U.S. continued to rise last year, rebounding from historical lows caused by the coronavirus

D3sign | Moment | Getty Images Stocks soared in 2024. Congratulations! After taking a victory lap, it may be time to adjust your portfolio — because those heady returns likely threw your investment allocations out of whack. The S&P 500, a stock index of the largest public U.S. companies by market capitalization, gained 23% in

Sports betting company DraftKings’ logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images DraftKings is upping the ante. The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying customers a boost in odds. The $20 per month subscription service launched quietly on Dec. 28