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Pfizer’s modest 2026 outlook shows its big investments will take time to pay off

Pfizer’s modest 2026 outlook shows its big investments will take time to pay off

Smith Collection | Archive Photos | Getty Images Pfizer on Tuesday forecast modest 2026 guidance as it looks to longer-term investments in its pipeline to counter waning Covid product sales and declines from older drugs. Those hurdles aren’t surprising or new for Pfizer, which has seen a dramatic decline in Covid vaccine and antiviral sales […]

Pfizer’s modest 2026 outlook shows its big investments will take time to pay off Read More »

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

Shoppers carry Macy’s bags outside of Macy’s flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Getty Images Andre Lewis said he’s “anxious 364 days of the year.” Yet the rideshare and delivery driver wants to make it a special holiday season for his 7-year-old

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway Read More »

As catastrophe losses top 0 billion again, insurers are helping policyholders mitigate risk

As catastrophe losses top $100 billion again, insurers are helping policyholders mitigate risk

Climate catastrophes like wildfires and severe storms have become more frequent and damaging in the U.S., accounting for 83% of the estimated global insured losses of $107 billion in 2025, according to a new report from Swiss Re Institute. This is the sixth consecutive year that global insured losses have surpassed $100 billion.   The Los

As catastrophe losses top $100 billion again, insurers are helping policyholders mitigate risk Read More »

Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup

Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year. Cahillane

Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup Read More »

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon Read More »

Frontier Airlines replaces CEO Barry Biffle with carrier’s president

Frontier Airlines replaces CEO Barry Biffle with carrier’s president

Barry Biffle, president and chief executive officer Frontier Airlines, prior to a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing in Washington, DC, US, on Tuesday, Sept. 30, 2025. Kent Nishimura | Bloomberg | Getty Images Frontier Group Holdings, the parent of budget carrier Frontier, replaced its nearly decade-long CEO, Barry Biffle,

Frontier Airlines replaces CEO Barry Biffle with carrier’s president Read More »

Ford to record .5 billion in special charges related to EV pullback

Ford to record $19.5 billion in special charges related to EV pullback

A Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, U.S. Oct. 20, 2025. Mike Blake | Reuters DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday.

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‘Stranger Things’ ushered in a new era for Netflix

‘Stranger Things’ ushered in a new era for Netflix

Noah Schnapp, Caleb McLaughlin, Finn Wolfhard and Gaten Matarazzo star in Season 5 of Netflix’s “Stranger Things.” Courtesy: Netflix The original concept for what would become “Stranger Things” was rejected by more than 15 studios before landing a spot on Netflix’s roster of original programming. A decade later, the show created, written and directed by

‘Stranger Things’ ushered in a new era for Netflix Read More »

Disney’s ‘Zootopia 2’ to hit  billion box office, only the second Hollywood film to do so this year

Disney’s ‘Zootopia 2’ to hit $1 billion box office, only the second Hollywood film to do so this year

Disney’s “Zootopia 2” follows detectives Judy Hopps and Nick Wilde find themselves on the twisting trail of a mysterious reptile who turns the mammal metropolis of Zootopia upside down. Disney The Walt Disney Company tallied its second billion-dollar film of 2025 with the help of a determined bunny and mischievous fox. “Zootopia 2” is set

Disney’s ‘Zootopia 2’ to hit $1 billion box office, only the second Hollywood film to do so this year Read More »

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