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Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Business News

A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California.  Justin Sullivan | Getty Images Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings […]

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Macy’s cuts profit outlook as tariffs, promotions hit its business

Macy’s cuts profit outlook as tariffs, promotions hit its business

Business News

Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” in discretionary spending. Macy’s stuck by its full-year sales forecast, however.  For fiscal 2025, Macy’s

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Movie theater stocks soar after record-breaking Memorial Day box office

Movie theater stocks soar after record-breaking Memorial Day box office

Business News

Still from Disney’s newest live-action remake “Lilo & Stitch.” Disney Shares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office. AMC saw its stock jump more than 20%, while shares of Marcus Theatres’ parent company Marcus Corporation climbed 8% and Cinemark stock leaped 2.5%. The tandem

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Southwest Airlines will start charging for a checked bag tomorrow

Southwest Airlines will start charging $35 for a checked bag tomorrow

Business News

Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois. Scott Olson | Getty Images Set your alarm. Southwest Airlines customers have only one day to go before the company starts charging to check bags for the first time in more than half a century. Starting

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JPMorgan Chase is heading upmarket to woo America’s millionaires

JPMorgan Chase is heading upmarket to woo America’s millionaires

Business News

A living space in the new J.P. Morgan financial center branch format in Palm Beach. Courtesy: JP Morgan JPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires. It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an

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How the tycoons behind Kind Bars, Hot Pockets and other snacks diversify their fortunes

How the tycoons behind Kind Bars, Hot Pockets and other snacks diversify their fortunes

Business News

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. Billionaire Daniel Lubetzky built his fortune on Kind snack bars made with nuts, fruits and whole grains. He sold a controlling

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Boeing, Justice Department reach deal to avoid prosecution over deadly 737 Max crashes

Boeing, Justice Department reach deal to avoid prosecution over deadly 737 Max crashes

Business News

Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. Tiksa Negeri | Reuters The U.S. Justice Department said Friday that it has reached a deal with Boeing to avoid prosecution over two crashes of the

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Personal finance app Monarch raises million despite ‘nuclear winter’ for fintech startups

Personal finance app Monarch raises $75 million despite ‘nuclear winter’ for fintech startups

Business News

Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino. Courtesy: Monarch The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned. The fundraising is among the largest for an American consumer fintech startup this year

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Insurers brace for impact as NOAA predicts above-average hurricane season

Insurers brace for impact as NOAA predicts above-average hurricane season

Business News

John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Government scientists on Thursday released a forecast for the 2025

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American Airlines CFO says some travelers are avoiding Newark airport

American Airlines CFO says some travelers are avoiding Newark airport

Business News

The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty Images American Airlines‘ chief financial officer said Thursday that some travelers are avoiding Newark Liberty International Airport for other options in the area after a spate of recent disruptions, but

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