President Joe Biden and former President Donald Trump 2024. Kevin Lamarque |Â Jay Paul | Reuters The hush money gag order Trump has grappled with the gag order applied by Manhattan Supreme Court Judge Juan Merchan during the ex-president’s historic criminal hush money trial. That court-ordered muzzle barred Trump from making public statements about witnesses or
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Shares of Walgreens plunged more than 20% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a “challenging” environment for pharmacies and U.S. consumers. The retail pharmacy giant now expects fiscal 2024 adjusted earnings of $2.80 to $2.95 per share. That compares
Giant pandas eating bamboo at Bifengxia Panda Base in Sichuan, China. Christophe Boisvieux | The Image Bank | Getty Images For the first time in more than two decades, giant pandas are en route from China to a San Diego zoo in the U.S. â a sign that Beijing is resuming its so-called “panda diplomacy”
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024. Maxar Technologies | Via Reuters NASA will have a spacecraft from Elon Musk’s SpaceX guide the International Space Station’s destruction later this decade, the agency announced Wednesday. The National Aeronautics and Space Administration awarded an $843
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. The stock had been down about 4% in early trading before
DETROIT â General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile.
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes
Sopa Images | Lightrocket | Getty Images Shares of Trump Media erased their early gains Tuesday morning, putting the brakes on a stock surge that reversed some of the losses from a lengthy sell-off following former President Donald Trump‘s criminal conviction in New York. The stock price of the company behind Truth Social shot up
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI has reversed its policies toward secondary share sales, and will now allow current and former employees to participate equally in annual tender offers, CNBC has learned. The
From left, Reps. Monica De La Cruz, R-Texas, Wesley Hunt, R-Texas, Ronny Jackson, R-Texas, and Dan Crenshaw, R-Texas, display Texas temporary tattoos to mark Texas Independence Day, which in on March 2nd, on the house steps of the U.S. Capitol after the last votes of the week on Wednesday, March 1, 2023. Tom Williams |
A Shein pop-up store at ABC Serrano in Madrid, Spain, April 26, 2024. Alejandro Martinez Velez | Europa Press | Getty Images Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC.
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. The company has faced a “consistently weaker consumer environment,” as well
Jakub Porzycki | Nurphoto | Getty Images OpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet. Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google‘s Gemini, has exploded in popularity in the past year. Anthropic, which was founded by ex-OpenAI research executives, has backers including Google, Salesforce and Amazon.
Three months after Baltimore’s Francis Scott Key Bridge collapsed â killing six people, shutting a major port and disrupting vehicle traffic along the Eastern Seaboard â local, state and federal officials began a massive effort to make the best out of an unimaginable situation. “We’re working with construction companies and designers, and working with the
Chief Technology Officer of X Elon Musk speaks onstage during the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session at the Lumiere Theatre during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Richard Bord | Wireimage | Getty Images
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies.
Economic commentator Kyla Scanlon is noticing a potentially worrying trend in the investing outlook among younger generations. “It’s a bifurcated world,” she told CNBC’s “ETF Edge” this week. Scanlon, 26, who rose to prominence through her social media videos on the market and economy, explained why some members of Generation Z are aggressively saving for
An Alaska Airlines Boeing 737-9 MAX sits at gate at O’Hare International Airport in Chicago, Illinois on May 22, 2024. Daniel Slim | AFP | Getty Images Alaska Airlines‘ flight attendants union said Friday that it reached a “record” tentative labor deal with the carrier, ending a drought of new contracts for cabin crews that
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