Business News Archives | Page 4 Of 141

Family offices fear dollar depreciation, lower investment returns in wake of tariffs

Compassionate Eye Foundation/david Oxberry | Digitalvision | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices have been investing with more caution since President Donald Trump’s tariff announcement […]

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Procter & Gamble beats earnings estimates but warns of higher costs from tariffs

Business News

Boxes of Tide Pods dishwasher detergent are displayed at a Costco Wholesale store on July 12, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Procter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products. However, the

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Former Knicks star Carmelo Anthony says gambling puts pressure on athletes

Business News

Hall of Fame basketball player Carmelo Anthony said Thursday, in the wake of bombshell indictments detailing illegal NBA betting, that the rapid rise of sports gambling is putting growing pressure on today’s athletes. Speaking with CNBC Sport, the former New York Knicks star said the betting culture “mentally affects” players. “They may say they don’t

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Target cuts 1,800 corporate jobs in its first major layoffs in a decade

Business News

Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to

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Ford beats on earnings but lowers 2025 guidance after supplier fire

Business News

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 beat Wall Street’s third-quarter earnings expectations but lowered its 2025 guidance due to impacts of a supplier fire, which is disrupting production of its highly profitable large trucks and

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Illegal NBA gambling busts put sportsbooks on the defense

Business News

NBA and FanDuel online sports betting signage is displayed on the side of a building in Phoenix, Arizona, on June 5, 2024. Patrick T. Fallon | AFP | Getty Images “This is the insider trading saga for the NBA.” That was FBI Director Kash Patel’s message at a news conference Thursday, announcing the arrests of

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Shares of Labubu maker Pop Mart dip despite staggering third-quarter U.S. sales growth

Business News

An exhibition room at Pop Mart’s theme park, Pop Land, in Beijing, on June 18, 2025. Pedro Pardo | Afp | Getty Images Shares of Chinese toymaker Pop Mart fell 9% Thursday, notching the stock’s worst day since April and extending its declines since a late-August peak. The company behind the popular Labubu dolls, a

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Lower mortgage rates push home sales up in September, but prices still stubbornly high

Business News

An ‘Open House’ sign is posted near a single family home for sale on Aug. 22, 2025 in Pasadena, California. Mario Tama | Getty Images Sales of previously owned homes rose 1.5% in September from August to a seasonally adjusted, annualized rate of 4.06 million units, according to the National Association of Realtors. That is

Lower mortgage rates push home sales up in September, but prices still stubbornly high Read More »

Rivian plans to lay off more than 600 workers

Business News

A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street

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American Airlines profit forecast for the rest of the year tops estimates

Business News

American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher. American expects to Earn between 45 cents and 75 cents per share in the fourth quarter, above the 31 per share cents analysts expected. That

American Airlines profit forecast for the rest of the year tops estimates Read More »

Family offices fear dollar depreciation, lower investment returns in wake of tariffs

Procter & Gamble beats earnings estimates but warns of higher costs from tariffs

Former Knicks star Carmelo Anthony says gambling puts pressure on athletes

Target cuts 1,800 corporate jobs in its first major layoffs in a decade

Ford beats on earnings but lowers 2025 guidance after supplier fire

Illegal NBA gambling busts put sportsbooks on the defense

Shares of Labubu maker Pop Mart dip despite staggering third-quarter U.S. sales growth

Lower mortgage rates push home sales up in September, but prices still stubbornly high

Rivian plans to lay off more than 600 workers

American Airlines profit forecast for the rest of the year tops estimates

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