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Procter & Gamble earnings beat estimates as shoppers buy more household staples

Procter & Gamble earnings beat estimates as shoppers buy more household staples

Business News

Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California.  Justin Sullivan | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to growing demand for household staples like toilet paper and laundry products. Shares of the company rose […]

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Netflix to hike prices on standard and ad-supported streaming plans

Netflix to hike prices on standard and ad-supported streaming plans

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The word “Netflix” shines brightly at the presentation of the new season (3) of the Netflix series “Bridgerton” in the Flora. Rolf Vennenbernd | Picture Alliance | Getty Images Netflix is hiking the price of most of its plans in the U.S. The streaming giant announced on Tuesday that its standard plan without commercials will

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Netflix shares soar as company reports surging revenue, tops 300 million subscribers

Netflix shares soar as company reports surging revenue, tops 300 million subscribers

Business News

Nurphoto | Nurphoto | Getty Images Shares of Netflix soared more than 10% after the company posted earnings that beat on the top and bottom line after the closing bell Tuesday. The company surpassed 300 million paid memberships, a record addition of 19 million subscribers. The company said the growth was driven by its content

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Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street

Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street

Business News

Goldman Sachs GS AI Assistant Courtesy: Goldman Sachs Goldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee, according to Chief Information Officer Marco Argenti. The bank has

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Here are the products and companies most at risk from Trump’s tariff plans

Here are the products and companies most at risk from Trump’s tariff plans

Business News

Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois.  Scott Olson | Getty Images Many of the items that U.S. shoppers browse and buy in retailers’ aisles come from far-away factories or farms — a reality that could soon force many consumers to change their buying habits. Sneakers, T-shirts,

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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

Business News

Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm for digital

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Unrivaled women’s basketball league debuts Friday. Here’s everything we know about it

Unrivaled women’s basketball league debuts Friday. Here’s everything we know about it

Business News

Unrivaled 3-on-3 women’s basketball league Courtesy: Unrivaled Unrivaled, a new 3-on-3 women’s professional basketball league, launches Friday, presenting both a major test and opportunity for women’s sports to boost its growing profile in the United States. The league, co-founded by WNBA superstars Napheesa Collier and Breanna Stewart, has already announced deals with a dozen sponsors

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Ozempic is in the next round of Medicare drug price negotiations. See the full list of 15 medications

Ozempic is in the next round of Medicare drug price negotiations. See the full list of 15 medications

Business News

A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023.  George Frey | Reuters The Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off the second phase of a landmark process that aims

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Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit

Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit

Business News

A Zoox robotaxi sits outside the company’s large office and warehouse in Las Vegas. Michael Wayland / CNBC LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering

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