Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Big Food is slimming down. As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting
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A cache of newly released documents from the Epstein files on Friday showed Elon Musk apparently corresponded with the convicted sex offender in 2012 and 2013, as they discussed meeting at Jeffrey Epstein’s private island and at Musk’s SpaceX facility in Southern California. The emails indicate Musk asked about attending the “wildest party,” hosted by
Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately following that launch, and that
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led
U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty Images President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair. Speaking at the premiere for “Melania,” the film about first lady
Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis. Shares of the company were up as much as 3% in extended trading. Here are the results versus what Wall Street was expecting according to LSEG consensus estimates for the quarter ending in December: EPS: $2.84 vs. $2.67 estimated Revenue: $143.76 billion vs. $138.48 billion estimated Here is how
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC DETROIT — General Motors is proving to be a star tightrope walker when it comes to balancing its profits,
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg plans to ramp up his company’s spending on artificial intelligence in 2026. Wall Street seems fine with that strategy.
A Southwest Airlines aircraft parks at Gate B33 while its tail sticks into the sunlight at Boston Logan International Airport in Boston, MA, on December 22, 2025. Austin DeSisto | Nurphoto | Getty Images Southwest Airlines on Wednesday forecast a surge in 2026 profits well above analysts’ expectations as the carrier overhauls its half-century-old business
Homes in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images After dropping sharply, mortgage interest rates rose last week for the first time in a month. That pushed total mortgage demand down 8.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted
A landmark case against social media giants Meta, Alphabet’s YouTube and TikTok is set to begin Tuesday in Los Angeles Superior Court. It’s the first of several high-profile legal cases kicking off in 2026 that center on allegations that the companies misled the public about the safety of their apps despite knowing that certain design
President Donald Trump speaks to the media as he walks to Marine One prior to departure from the South Lawn of the White House on Jan. 27, 2026, as he travels to Iowa. Saul Loeb | Afp | Getty Images President Donald Trump on Tuesday said “we’re going to de-escalate a bit,” referring to the
A Boeing 737 Max airplane at the company’s manufacturing facility in Renton, Washington, Nov. 20, 2025. David Ryder | Bloomberg | Getty Images Boeing reported revenue ahead of Wall Street expectations for the fourth quarter as the company’s turnaround picked up steam following years of crises. The company’s airplane deliveries last year were the highest
Students at a tech university in Dublin are enjoying an unexpected perk of artificial intelligence — it’s helping heat their campus. Since 2023, the Technical University of Dublin’s Tallaght campus has been one of a growing number of buildings in the southwest suburban area of the city to be heated by waste heat from a
Silas Stein | Picture Alliance | Getty Images Shares of Zoom closed up 11% on Monday after analysts at Baird estimated that the company’s investment in artificial intelligence startup Anthropic could be worth between $2 billion to $4 billion, depending on dilution assumptions. In May 2023, Anthropic announced a partnership with Zoom and revealed that
Major Minnesota business leaders on Sunday called for an “immediate deescalation of tensions” after federal immigration agents fatally shot U.S. citizen Alex Pretti in Minneapolis. More than 60 CEOs of Minnesota-based companies signed a letter urging “state, local and federal officials to work together to find real solutions.” The companies said the recent tumult in Minnesota has
Mark Carney, Canada’s prime minister, after speaking in Quebec City, Quebec, Canada, on Thursday, Jan. 22, 2026. Bloomberg | Bloomberg | Getty Images Canada has “no intention” of pursuing a free trade deal with China, Prime Minister Mark Carney said, after U.S. President Donald Trump threatened to slap punitive tariffs on Ottawa. Speaking to reporters
On Saturday, Alex Pretti, a 37-year-old intensive care unit nurse and U.S. citizen, was shot and killed by federal immigration agents in Minneapolis. There’s a wide gap between what Americans have seen of the shooting and what federal officials are telling them. Soon after the shooting, Department of Homeland Security officials rushed to defend the officers involved,
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