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Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Business News

A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images The Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would allow the plane-maker […]

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal Read More »

Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike

Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike

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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. High earners would get a series of tax cuts in the latest House reconciliation plans , yet many could also be

Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike Read More »

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated

Business News

A 2025 Ford Expedition with bronze trim on April 30, 2025 at the automaker’s Kentucky Truck Plant. Michael Wayland | CNBC LOUISVILLE, Ky. — A white 2025 Ford Expedition SUV with bronze exterior trim rolls off the assembly line at Ford Motor‘s Kentucky Truck Plant. It was assembled — from its frame to completion —

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated Read More »

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore

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Lamar Jackson with the winners of the 2025 NTL Kickoff Race. Courtesy: National Thoroughbred League Baltimore Ravens quarterback Lamar Jackson has a singular goal both on the football field and as owner of the Maryland Colts horse racing franchise in the National Thoroughbred League. “I just want to win a championship,” Jackson told CNBC. “I

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore Read More »

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

Business News

A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth Read More »

Walmart says it will hike some prices due to tariffs. Here’s what may cost more

Walmart says it will hike some prices due to tariffs. Here’s what may cost more

Business News

People shop for produce at a Walmart in Rosemead, California, on April 11, 2025.  Frederic J. Brown | Afp | Getty Images Price increases are coming soon to a Walmart near you. On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the

Walmart says it will hike some prices due to tariffs. Here’s what may cost more Read More »

Dick’s Sporting Goods to acquire Foot Locker for .4 billion in effort to corner Nike market

Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market

Business News

Dick’s Sporting Goods said Thursday it plans to acquire rival Foot Locker as it looks to expand its international presence, win over a new set of consumers and corner the Nike sneaker market.  Under the terms of the agreement, Dick’s will use a combination of cash-on-hand and new debt to acquire Foot Locker for $2.4

Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market Read More »

Here’s exactly how unaffordable today’s housing market is — and where it’s getting worse

Here’s exactly how unaffordable today’s housing market is — and where it’s getting worse

Business News

Ever since the epic run on housing in the first years of the pandemic, fueled by record-low mortgage rates, the market has been plagued by low supply and high prices. Prices in March were 39% higher nationally than they were in March 2019, pre-pandemic, according to the S&P CoreLogic Case-Shiller Index. While prices continue to

Here’s exactly how unaffordable today’s housing market is — and where it’s getting worse Read More »

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings

Business News

Walmart on Thursday fell just short of quarterly sales estimates, as even the world’s largest retailer said it would feel the pinch of higher tariffs.  Even so, the Arkansas-based discounter stuck by its full-year forecast, which calls for sales to grow 3% to 4% and adjusted earnings of $2.50 to $2.60 per share for the

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings Read More »

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