A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike on Thursday […]
Nike sales drop 12%, but sneaker giant says the worst of its slump is behind it Read More »
U.S. President Donald Trump holds “The Trump Card” as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025. Kent Nishimura | Reuters 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
The $5 million Trump Card faces legal challenges, limited market Read More »
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024. Spencer Platt | Getty Images Robert F. Kennedy Jr.’s revamped government panel of outside vaccine advisors on Thursday recommended the use of Merck‘s shot to protect infants from respiratory syncytial virus, a temporary reprieve for public health officials
RFK Jr.’s CDC vaccine panel backs Merck RSV shot for infants Read More »
Vithun Khamsong | Moment | 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. Investment firms of the ultra-rich are increasingly investing in alternative assets like real estate and venture
A still from Disney and Pixar’s animated film “Elio.” Disney Disney’s Pixar animation studio had its worst opening ever over the weekend — and its problems aren’t unique. “Elio,” the story of a young boy who is mistakenly identified as Earth’s ambassador to the universe, tallied just $21 million in ticket sales during its first
Pixar’s ‘Elio’ is emblematic of a bigger headwind for Hollywood Read More »
Head coach Dusty May and players of the Michigan Wolverines celebrate after defeating the Wisconsin Badgers in the Big Ten men’s basketball tournament championship game at Gainbridge Fieldhouse on March 16, 2025 in Indianapolis, Indiana. Aaron J. Thornton | Getty Images Global payment company PayPal announced on Thursday that it has inked a deal with
PayPal teams up with the Big Ten and Big 12 to enable payments to student-athletes Read More »
A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, 2025 in Arlington, Virginia. Kevin Carter | Getty Images ARLINGTON, Texas — Southwest Airlines is considering airport lounges, more premium seating and even long-haul international flights to win over high-spending customers, CEO Bob Jordan said Wednesday. “Whatever customers need in
Southwest airport lounges? CEO says carrier is open to even more high-end changes Read More »
Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well
Sales of new homes tanked in May, pushing supply up to a 3-year high Read More »
FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year. The company achieved its “structural cost reduction target, in the face of ongoing headwinds,” CEO Raj Subramaniam said in a media release.
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters A crucial government panel of vaccine advisors will hold its first meeting Wednesday since Health and Human Services Secretary Robert F. Kennedy Jr. appointed several vaccine critics to the group. Earlier this month, Kennedy in
CDC vaccine panel holds first meeting since RFK Jr. put immunization critics in place Read More »
