Tag: Breaking News: Business

Lululemon shares plunge 16% on weak guidance, slowing North America growth

Shares of Lululemon plunged on Friday after the athletic apparel retailer issued disappointing guidance and said it's seeing soft sales in the U.S., its...

UAW says VW workers at Tennessee plant file for union election

A Volkswagen EV ID.4 crossover at the Volkswagen of America plant in Chattanooga, Tenneessee, on June 8, 2022.Michael Wayland | CNBCDETROIT — Volkswagen workers...

Why Walmart’s quick success in generative AI search should have Google worried

Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in...

Novo Nordisk’s Wegovy wins FDA approval for cutting heart disease risks, in move that could expand insurance coverage

Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria Klesty | ReutersThe Food...

Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023.Christina House | Los Angeles Times | Getty ImagesNordstrom's...

Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa...

TJX tops earnings estimates but issues light guidance ahead of uncertain growth path

TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer.Despite the strong quarter and end...

Consumers are tired of inflation. But some retailers fear falling prices

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background...

Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022.CNBCBerkshire Hathaway's Warren Buffett said...

Intuitive Machines stock jumps in wild trading after moon landing

Intuitive Machines' Nova-C lunar lander on display at NASA's Marshall Space Flight Center.NASAShares of Intuitive Machines jumped 16% in trading Friday after the company's...

Disney star turned space CEO: Bridgit Mendler launches satellite data startup backed by major VCs

Actress and singer Bridgit Mendler attends NBCUniversal's after party for the 72nd annual Golden Globes Awards at The Beverly Hilton hotel in Beverly Hills,...

After 8 months stuck in orbit, Varda’s drug spacecraft gets FAA approval to return

Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus.Rocket LabSpace startup Varda received long-awaited approval from the Federal Aviation...

PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years

Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo on...

Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off

The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo,...

Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales

A Starbucks coffee cup sits on a table at one of the coffee chain's locations in Miami, Florida, on June 11, 2021.Joe Raedle |...

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