Business News Archives | Page 29 Of 144

Lululemon shares plunge as earnings guidance falls well short of estimates

Sign at the entrance to the Lululemon store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Lululemon shares plunged in extended trading Thursday after the company gave a much worse than expected full-year outlook. The company topped second-quarter earnings estimates but slightly missed revenue expectations. But it said it expected tariffs to hit […]

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Las Vegas travel is slumping. What does it mean for the rest of the U.S.?

Business News

Las Vegas is launching a new campaign to boost tourism after a significant summer slump. The new campaign, “Welcome to Fabulous Las Vegas,” will focus on value for visitors and offer promotions and other incentives at the destination. The city has seen visitation decline for seven consecutive months, with the most recent report from July

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Paramount mandates 5-day-a-week return to office ahead of major cost cuts

Business News

Paramount Pictures studio lot at 5555 Melrose Ave. on Wednesday, June 5, 2024 in Hollywood, CA. Brian Van Der Brug | Los Angeles Times | Getty Images David Ellison continues to put his stamp on Paramount after its acquisition by Skydance. The CEO and chairman told employees Thursday that they will be expected to work

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As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV

Business News

Ford’s redesigned three-row Expedition SUV is seeing explosive growth. The Detroit automaker reported Wednesday that it sold 8,724 Expeditions in August, up 53.7% from the same time last year and marking its best sales in 21 years. It’s sold 61,022 of the vehicles so far this year, a 13.1% increase from the same period in

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RFK Jr. spreads vaccine misinformation during congressional testimony

Business News

U.S. Health and Human Services Secretary Robert F. Kennedy Jr., testifies before a Senate Finance Committee hearing on President Donald Trump’s 2026 health care agenda, on Capitol Hill in Washington, D.C., U.S., September 4, 2025. Jonathan Ernst | Reuters Health and Human Services Secretary Robert F. Kennedy Jr. doubled down on false claims about vaccines

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Sportsbook CEOs expect record betting ahead of NFL kickoff

Business News

DraftKings CEO Jason Robins has never been more enthusiastic about the kickoff to the NFL — sports betting’s biggest season. It’s second only to the Super Bowl in terms of importance for acquiring customers and growing the overall betting pool, Robins told CNBC at the Bank of America Gaming and Lodging Conference. “The numbers just

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Gap will add beauty products to Old Navy stores later this year

Business News

A sign hangs in a GAP Outlet store window on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Gap on Thursday announced it’s expanding into beauty starting with its Old Navy brand, a strategic shift by the apparel company. Its initial test will feature beauty and personal care products at 150 Old

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Spirit Airlines axes flights in 12 cities as it fights for survival while United, other airlines circle

Business News

A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty Images Spirit Airlines is ending service in a host of U.S. cities this fall as it fights for survival. Its rivals, meanwhile, are circling its customers, and one

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Billionaire family offices bet on drones, nuclear energy in August

Business News

Key Points Billionaire family offices inked high-profile investments in an otherwise slow month for deal-making, according to Fintrx. Four billionaires’ private investment firms joined an $863 million fundraise for a nuclear fusion startup. Peter Thiel, a longtime investor in defense tech, backed a German drone maker as other high-net-worth investors flock to the sector. A

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American Eagle says Sydney Sweeney campaign is its ‘best’ to date as it beats earnings expectations

Business News

American Eagle said Wednesday its partnership with Sydney Sweeney has been its “best” advertising campaign to date as it announced fiscal second-quarter earnings that beat expectations. The company’s splashy, yet controversial, campaign with the “Euphoria” star led to some criticism and blowback but the launch, coupled with a recent partnership with Taylor Swift’s new fiancé

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Lululemon shares plunge as earnings guidance falls well short of estimates

Las Vegas travel is slumping. What does it mean for the rest of the U.S.?

Paramount mandates 5-day-a-week return to office ahead of major cost cuts

As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV

RFK Jr. spreads vaccine misinformation during congressional testimony

Sportsbook CEOs expect record betting ahead of NFL kickoff

Gap will add beauty products to Old Navy stores later this year

Spirit Airlines axes flights in 12 cities as it fights for survival while United, other airlines circle

Billionaire family offices bet on drones, nuclear energy in August

American Eagle says Sydney Sweeney campaign is its ‘best’ to date as it beats earnings expectations

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