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…

Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties. Corporate travel spending activity increased 15% year over year in the second quarter of 2025, according to a business travel index published Tuesday from Navan. While global business travel is expected to reach Read More…

Skims has reached a partnership deal with League One Volleyball. Women’s volleyball has seen growth at both the amateur and professional level in recent years. The popular undergarments brand started by star Kim Kardashian and Swedish entrepreneur Jens Grede has been ramping up its efforts in the women’s sports category. Skims is teaming up with Read More…

A bipartisan Senate duo is pushing legislation that would require brick-and-mortar businesses to accept cash payments from customers, saying paper money remains legal tender despite a general transition to electronic payments. Sen. John Fetterman, Pennsylvania Democrat, and Sen. Kevin Cramer, North Dakota Republican, said Americans should be able to choose which form of payment they Read More…

NEW YORK — The U.S. Department of Labor is aiming to rewrite or repeal more than 60 “obsolete” workplace regulations, ranging from minimum wage requirements for home health care workers and people with disabilities to standards governing exposure to harmful substances. If approved, the wide-ranging changes unveiled this month also would affect working conditions at Read More…

TUNBRIDGE, Vt. — An electrical engineer by trade, Patrick Schlott has spent countless hours tinkering with new and old technology. But it wasn’t until he found himself living in rural Vermont that he realized his penchant for repairing old pay phones could provide a public service. “I realized, wow, there’s no cell service for 10 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…

WASHINGTON — President Trump plans to host Philippine President Ferdinand Marcos Jr. on Tuesday at the White House, as the two countries are seeking closer security and economic ties in the face of shifting geopolitics in the Indo-Pacific region. Marcos, who met Secretary of State Marco Rubio and Defense Secretary Pete Hegseth on Monday, is 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…

Wall Street analysts are expecting Coca-Cola to report earnings per share of 83 cents and revenue of $12.54 billion for the second quarter. Shares of Coke have risen 13% this year, bringing its market value up to more than $300 billion. A 12-pack of Coca-Cola is displayed on a counter in a 7-Eleven convenient store Read More…

General Motors is set to report its second-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $2.44 and revenue of $46.4 billion. GM executives will host an earnings conference call at 8:30 a.m. ET. New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, Read More…

MIAMI — Elon Musk fought court cases on opposite coasts Monday, raising a question about the billionaire that could either speed his plan to put self-driving Teslas on U.S. roads or throw up a major roadblock: Can this wildly successful man who tends to exaggerate really be trusted? In Miami, a Tesla driver who has Read More…

DENVER — The parents of a man who died alone in a Colorado jail cell after an ulcer burned a hole in his digestive tract and left him in what they said was excruciating pain for about 15 hours filed a federal lawsuit Monday, accusing the jail’s nurses and sheriff’s deputies of ignoring his cries Read More…

D.C. Mayor Muriel Bowser and D.C. Council Chairman Phil Mendelson said Monday they’re laser-focused on bringing the Commanders back to a rebuilt RFK Stadium, despite recent threats from President Trump. The Republican, still the biggest wild card in the ongoing stadium negotiations, threatened the Commanders’ delicate deal with the city on Sunday. If the franchise Read More…

Pepsi introduced a prebiotic version of its namesake cola that will include three grams of prebiotic fiber. Four months ago, the beverage giant bought prebiotic soda brand Poppi for nearly $2 billion. For its part, Coke introduced its Simply Pop prebiotic soda brand in February. Pepsi Prebiotic Cola. Courtesy: PepsiCo PepsiCo on Monday announced that Read More…

Domino’s Pizza CEO Russell Weiner told CNBC that he thinks the company can steal market share from its competitors during the industry downturn. The pizza chain reported second-quarter U.S. same-store sales growth of 3.4%, topping StreetAccount estimates of a 2% increase. Executives said that Domino’s grew sales across all income cohorts, including low-income customers, bucking Read More…

Subway has hired a former Burger King executive as its new CEO. The Miami-based sandwich chain said Monday that Jonathan Fitzpatrick will join the company on July 28. Fitzpatrick is the first CEO hired since Subway was bought by the private equity firm Roark Capital in 2024. And Roark didn’t have to look far to Read More…

JPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, CNBC has learned. Marco Pistoia, the former IBM inventor who became head of JPMorgan’s applied research group in 2020, has recently left the bank, according to a person briefed on the matter. JPMorgan has Read More…

OMAHA, Neb. — Anyone firing up the grill this summer already knows hamburger patties and steaks are expensive, but the latest numbers show prices have climbed to record highs. And experts say consumers shouldn’t expect much relief soon either. The average price of a pound of ground beef rose to $6.12 in June, up nearly Read More…

LONDON — A routine moment of crowdwork at a Coldplay concert went viral last week when a couple tried to avoid the spotlight after they were caught hugging on the jumbotron. Internet sleuths quickly figured out that they were the CEO and chief people officer of a little-known tech company called Astronomer. The snippet of Read More…

Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros for net tariffs incurred, and also expects planned production Read More…

COLUMBUS, Ohio — Five years after a $60 million bribery scheme funded by FirstEnergy Corp. came to light in Ohio, expert observers say the resulting prosecutions, lawsuits, penalties and legislation haven’t led to enough change and accountability to prevent politicians and corporate executives from cutting similar deals in the future. The scheme – whose prospective Read More…

WASHINGTON — The Food and Drug Administration on Monday named a longtime pharmaceutical executive to run the agency’s drug program, the latest in a string of leadership changes at the agency. FDA Commissioner Marty Makary announced that Dr. George Tidmarsh, a cancer and pediatric specialist, will direct the agency’s Center for Drug Evaluation and Research, Read More…

TEHRAN, Iran — Iranian government offices, banks and businesses in the capital province of Tehran will shut down on Wednesday due to an intense heat wave and the need to conserve energy, state-run media reported. With temperatures in the capital exceeding 40 degrees Celsius (104 degrees Fahrenheit), the government has advised citizens to stay indoors Read More…

NEW YORK — U.S. stocks are rising toward more records on Monday ahead of a week full of profit updates from big U.S. companies, which Wall Street expects to keep growing despite pressure from President Donald Trump’s tariffs. The S&P 500 was 0.6% higher in midday trading and above its all-time high set on Thursday. Read More…

Subway announced Jonathan Fitzpatrick as the sandwich chain’s next CEO. Former CEO John Chidsey left the company at the end of 2024, a year after Subway’s sale to Roark Capital. Last year, Subway’s sales fell 3.8%, according to Technomic data. Jonathan Fitzpatrick, CEO of Subway. Courtesy: Subway Sandwich chain Subway has tapped former Burger King Read More…

PARIS — Elon Musk’s social media platform X on Monday denied accusations from French prosecutors of alleged data tampering and fraud, calling them politically motivated. X was responding to an announcement earlier this month from the Paris prosecutor’s office, which said it was opening an investigation into the two alleged offenses. Both offenses involved an Read More…

The Food and Drug Administration said it has appointed former biotech executive George Tidmarsh as the agency’s top drug regulator. Tidmarsh, an adjunct professor of pediatrics and neonatology at Stanford University’s School of Medicine, will lead one of the most crucial FDA divisions that reviews the vast majority of new drug applications. He brings a Read More…

Southwest Airlines tickets with seat assignments will go on sale on July 29, the airline told CNBC. The carrier plans to end its hallmark open-seating policy on Jan. 27. There will be eight boarding groups starting next year. A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Read More…

Treasury Secretary Scott Bessent said Monday he would like to see a top-to-bottom review of the Federal Reserve to ensure if it is doing a good job for the American people. Mr. Bessent weighed in as President Trump slammed the central bank’s chair, Jerome Powell, for refusing to slash interest rates. “What we need to Read More…

As cryptocurrencies become more intertwined with the traditional financial system, industry heavyweights are racing for a long-sought goal of turning real-world assets into digital tokens. “Tokenization is going to open the door to a massive trading revolution,” said Vlad Tenev, the CEO of the trading platform Robinhood at a recent James Bond-themed tokenization launch event Read More…

An investment group led by LVMH’s private equity arm is buying 20% of private jet company Flexjet. L Catterton, the private equity firm backed French luxury giant LVMH, is leading an $800 million investment in Flexjet that will also include brand partnerships and collaborations. The deal highlights the luxury industry’s rapid expansion into the experience Read More…

Gold prices are up about 25% this year as investors seek a safe haven from trade war anxieties and geopolitical tensions. High-net-worth Americans are increasingly turning to physical gold to diversify from the depreciating U.S. dollar, according to Stephen Jury of J.P. Morgan Private Bank. While paranoid gold investors may be tempted to keep their Read More…

Commerce Secretary Howard Lutnick says the Trump administration is sticking with its plan to raise tariffs next month on countries that do not agree to revamped trade deals with the United States. “The next two weeks are going to be weeks for the record books,” Mr. Lutnick said Sunday on CBS’ “Face the Nation.” “The Read More…

NEW YORK — James Gunn’s “Superman” showed staying power in its second weekend at North American box offices, collecting $57.3 million in ticket sales and remaining the No. 1 movie in cinemas, according to studio estimates Sunday. None of the week’s new releases – “I Know What You Did Last Summer,” “Smurfs,” and “Eddington” – Read More…

Several women who have reported improvements in symptoms of polycystic ovary syndrome, a common hormonal disorder, after using GLP-1s such as Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound. Patients and some health experts view GLP-1s as a promising potential option for a condition that lacks a standard treatment and affects millions of women in the Read More…

Canadian travel dropped sharply in the first half of 2025, according to numbers by U.S. Travel Association. But at the same time, there was a noticeable increase in visitors from Mexico. A passenger passes a giant American flag as they make their way to and from their gates during the Memorial Day weekend getaway at Read More…

Global insured losses for the first half of this year have reached $84 billion, according to a recent Gallagher Re report — the highest first half total since 2011. The global reinsurance broker said 2025 is on a clear path to surpassing $100 billion in insurance losses for the full year, calling the threshold “a Read More…

Shares of Sarepta Therapeutics plunged more than 30% on Friday as the future of its approved gene therapy appeared at risk. Sarepta has reported three patient deaths related to its gene therapies. The Food and Drug Administration will request that the company voluntarily stop all shipments of the treatment, Elevidys, a person familiar with the Read More…

American Express said Friday that travel spending in the quarter was weaker than transactions for goods and services. Economy class domestic airfare is the source of the weakness, Amex CFO Christophe Le Caillec told CNBC. American Express has long benefited from a focus on wealthier customers who appreciate the credit card company’s travel and dining Read More…