Comcast on Thursday announced the expected board members of its cable networks spinout, Versant. They come from backgrounds in media, technology, finance and other industries, according to Versant. The spinoff is expected to be completed by the end of this year. Versant signage on the floor at the New York Stock Exchange (NYSE) in New Read More…

President Trump said Thursday he doesn’t want Elon Musk’s companies to suffer as one of those firms, Tesla, reported a second straight quarter of declining sales. Mr. Trump, writing on Truth Social, downplayed a rift with his former supporter and government-cutting ally. “Everyone is stating that I will destroy Elon’s companies by taking away some, Read More…

McDonald’s shuttered CosMc’s, but the burger chain is planning to test new coffee drinks, refreshers and flavored sodas inspired by the spinoff brand. The initial test will include more than 500 restaurants in Wisconsin, Colorado and the surrounding areas. Fast-food chains have been leaning into fun, colorful drinks to win over younger consumers. Something Bold Read More…

UnitedHealth Group revealed it is facing a Justice Department criminal and civil investigation over its Medicare billing practices, adding to a string of setbacks for a company that owns America’s largest and most powerful private insurer. UnitedHealth also said it has launched a third-party review of its business policies and performance metrics. It comes after Read More…

South Korea is reportedly considering a proposal to invest $100 billion in the U.S. as part of trade talks with President Trump. Seoul is mulling the offer as it tries to decrease a 25% tariff that Mr. Trump threatened to impose on South Korean products, effective Aug. 1. The investment package would include commitments from Read More…

WASHINGTON — The number of Americans filing for jobless aid fell for the sixth straight week, hitting the lowest level since mid-April. The Labor Department reported Thursday that jobless claims for the week ending July 19 fell by 4,000 to 217,000. That’s fewer than the 227,000 new applications analysts were expecting. Applications for unemployment aid Read More…

LONDON — The prime ministers of Britain and India sealed a hard-wrought trade agreement on Thursday that will slash tariffs on products including Scotch whisky and English gin shipped to India and Indian food and spices sent to the U.K. Keir Starmer and Narendra Modi met at Chequers, the British leader’s official country residence outside Read More…

American Airlines’ third-quarter profit forecast fell short of Wall Street expectations. The carrier also issued lower guidance for the full year than it had previously projected. American beat earnings and revenue estimates for the just-completed second quarter. American Airlines‘ third-quarter profit forecast fell short of expectations as the carrier reinstated its 2025 financial forecast well Read More…

Eli Manning has invested in equipment maker XTech, which produces custom shoulder pads. The former quarterback wore XTech during his playing days. XTech has dominated the professional and college markets — they are now looking to capture the youth market. Eli Manning is not only an investor in XTECH but he wore their shoulder pads Read More…

TOPEKA, Kan. — The Trump administration on Wednesday canceled a $4.9 billion federal loan guarantee for a new high-voltage transmission line for delivering solar and wind-generated electricity from the Midwest to the eastern U.S., but the company indicated that project would go forward anyway. The U.S. Department of Energy declared that it is “not critical Read More…

NEW YORK — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three months Read More…

Southwest CEO Bob Jordan told CNBC last month that discounting was common this summer. In April, Southwest had pulled its 2025 financial guidance, citing economic uncertainty. Domestic coach-class travel demand has come in weaker than airline executives expected this year. A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, Read More…

Google is urging Americans to pay serious attention to China’s research and development efforts and to understand that the Chinese Communist Party does not exclusively rely upon theft.  Top artificial intelligence technologists and researchers flocked to Washington on Wednesday eager to learn more about the new Trump administration’s plans to ensure America wins the global Read More…

Chipotle cut its forecast for same-store sales growth for the full year after its quarterly revenue fell short of estimates. The burrito chain’s traffic fell 4.9% in the second quarter. The company’s earnings were in line with expectations. A Chipotle restaurant in San Francisco on Jan. 31, 2025. David Paul Morris | Bloomberg | Getty Read More…

President Trump’s “massive deal” with Japan gives the White House a strong head of steam as it nears a pivotal Aug. 1 deadline to reset trade relations with global partners. The White House said Wednesday that the deal, which includes $550 billion in Japanese investment in the U.S., counters naysayers who said tariffs amounted to Read More…

Instagram parent company Meta has introduced new safety features aimed at protecting teens who use its platforms, including information about accounts that message them and an option to block and report accounts with one tap. The company also announced Wednesday that it has removed thousands of accounts that were leaving sexualized comments or requesting sexual Read More…

Here’s the good news: The Hershey Co. says it’s not raising prices for Halloween candy this year. But here’s the bad news: Hershey and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice. Hershey, the maker of Reese’s, Whoppers, barkThins and other chocolate candies, said Wednesday that Read More…

WASHINGTON — U.S. automakers are concerned about President Donald Trump’s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos Read More…

Capital gains taxes on homes are exempt up to $250,000 for individuals and $500,000 for couples. The median price of a home sold in June was $435,300, according to the NAR. The share of homes priced above $750,000 that sold during the month was 17%. A Sold sign in front of a home under construction Read More…

The Department of Health and Human Services said it will officially remove the mercury-based preservative thimerosal from all flu shots distributed in the U.S. – even though there is no evidence of harm from the ingredient.  HHS Secretary Robert F. Kennedy Jr. formally adopted a June recommendation from a government vaccine panel, called the Advisory Read More…

Candy and snack giant Hershey Co. is increasing the prices of its products due to issues with the cocoa supply. A Hershey spokesperson told The Wall Street Journal that 75% of the company’s candy will still cost less than $4 for consumers while retailers such as wholesalers and stores face a 13% to 20% price Read More…

Hasbro topped earnings and revenue expectations for its second quarter. Magic: The Gathering And Monopoly Go! games helped drive gaming growth. Toy and entertainment sales fell and the company recorded a $1 billion charge related to the impact of tariffs. A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament Read More…

Home sales in June were flat compared with a year ago. There were 1.53 million units for sale at the end of June, an increase of 15.9% year over year. Home prices in June hit a record high for the month. Homes in Los Angeles, California, US, on Sunday, July 13, 2025. Like in the Read More…

Goldman Sachs and Bank of New York Mellon have created the ability for institutional investors to purchase tokenized money market funds, CNBC has learned. Clients of BNY, the world’s largest custody bank, will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform. The project has already signed Read More…

Top Japanese and American officials said Wednesday they were able to reach a trade deal because Tokyo agreed to invest heavily in major projects in the United States. Japanese Prime Minister Shigeru Ishiba said the approach helped his side secure a 15% tariff on goods its companies send to American markets, instead of the 25% Read More…

NEW DELHI — Indian police have arrested a man accused of running a bogus embassy from a rented residential building near the capital, New Delhi, and recovered cars with fake diplomatic plates. The suspect impersonated an ambassador and allegedly duped people for money by promising overseas employment, said senior police officer Sushil Ghule of Uttar Read More…

McDonald’s Snack Wraps are bringing customers back to its U.S. restaurants and fueling same-store sales growth. A Numerator survey of more than 200 verified buyers of the McDonald’s Snack Wrap found that 90% of respondents would buy the item again in the future. The burger chain has struggled with sluggish sales in recent months. Wayne Read More…

Some frustrated sellers are deciding to delist their properties and instead offer them on the rental market. These new rentals are coming in direct competition with institutional investors in the rental space, especially in the markets where those investors are most prevalent. The inventory of homes for sale has already been growing steadily over the Read More…

President Trump on Tuesday said he struck a trade deal with Japan, a surprise development after the U.S. leader described the Asian country as “spoiled” by years of favorable trade terms with the American market. The president said he would impose a 15% tariff on Japanese goods entering the U.S., a lower amount than the Read More…

LOS ANGELES — As California’s much-loved hamburger chain In-N-Out Burger expands across the country into Tennessee, billionaire owner and CEO Lynsi Snyder has announced she and her family are going with it and heading east, too. “There are a lot of great things about California, but raising a family is not easy here,” Snyder announced Read More…

The administration has slashed the IRS workforce by nearly 26,000 people through buyouts and firings, marking a 25% reduction in staffing as President Trump works to reverse President Biden’s buildup at the tax agency. The cuts sliced through some of the most prominent IRS divisions, taking out 27% of the tax examiners and 26% of Read More…

China is racing to create a merger of man and machine that would give the communist country a powerful new edge in the global competition over artificial intelligence. Details on China’s work are shrouded in secrecy, but glimpses of the Chinese Communist Party’s research and development agenda have come into view via AI experts, Chinese Read More…

President Donald Trump teased the announcement last week, but the Coca-Cola Co. confirmed it Tuesday: a cane sugar-sweetened version of the beverage maker’s trademark soda will be released in the U.S. this fall. For decades, Coke and the makers of other soft drinks have generally used high fructose corn syrup or artificial sweeteners in their Read More…

General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates, despite ongoing uncertainty from President Donald Trump’s auto tariffs. The automaker affirmed its full-year guidance, which it had lowered in May to include a possible $4 billion to $5 billion impact from auto tariffs.  The company’s core profit fell 31.6%, to $3.04 billion. General Read More…

WASHINGTON — OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person’s voice to bypass security checks and move money. Altman spoke at a Federal Reserve conference Tuesday in Washington. “A thing that terrifies me is apparently there are Read More…

While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by far, General Motors said it has secured the No. 2 position and believes it has an “inherent advantage” when it comes to EVs. GM CFO Paul Jacobson said the automaker’s leg up lies in the diversity of its lineup across gas and Read More…

Coca-Cola plans to expand its U.S. soda offerings with a version of its namesake cola sweetened with cane sugar. President Donald Trump had earlier announced that he had spoken with Coke about using “REAL Cane Sugar” in its drinks. Coke first started using high-fructose corn syrup to sweeten its namesake soda in the U.S. in Read More…

Sensors placed around the office space record the heat and then incorporate AI to look at every aspect of physical interactions. Companies use the data to make decisions about layout and design, retrofits, hybrid work schedules, maintenance, cleaning schedules and lease negotiations. The cost of office upgrades is on the rise, due to both material Read More…

Shares of Kohl’s surged on Tuesday, leading to a temporary halt in trading due to volatility. Chatter on Reddit’s Wall Street Bets has picked up recently about Kohl’s because of the stock’s high short interest and its name recognition among retail investors. The legacy department store’s stock more than doubled in early trading and by Read More…

Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned. The deal, to be announced later Tuesday, is the most recent sign that Imprint is gaining traction in the co-branded credit card industry. The New York-based startup also Read More…