Business Archives | Page 24 Of 185

Peloton recalls 833,000 more bikes over seat post issue, two injuries reported

The entrance to the Peloton offices in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Peloton is recalling its original Bike+ after receiving reports that the seat post broke and detached from the equipment during use, leading to two injuries, the Consumer Product Safety Commission said in a news release Thursday. The recall impacts […]

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Eli Lilly to start late-stage trials on amylin obesity drug after it shows up to 20% weight loss in study

Business News

Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023. Mike Blake | Reuters Eli Lilly on Thursday said it will start late-stage trials on its experimental amylin obesity drug next month after it showed encouraging results in a mid-stage study. The highest dose of the weekly injection, called eloralintide, helped patients

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Lucid misses Wall Street expectations, narrows production guidance

Technology News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship

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E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact

Business News

Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty‘s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday. E.l.f., which declined to release full-year guidance last quarter, is expecting full-year revenue to be between $1.55 billion

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Figma delivers strong forecast as AI draws in more customers

Technology News

Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company

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Starbucks union authorizes open-ended strike as busy holiday season begins

Business News

Starbucks baristas gather outside a Starbucks store as they protest against the company during a rally to demand a new contract in New York City, on October 28, 2025. The Starbucks Workers United is fighting for a new contract that delivers improved staffing hours, take-home pay, and on-the-job protections for baristas. (Photo by TIMOTHY A.CLARY

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Air traffic controllers union president says it’ll take weeks to recover from shutdown impact

Business News

The head of the air traffic controllers’ union said Wednesday that it could take the industry “weeks to recover” from the impacts of the government shutdown. Nick Daniels, president of the National Air Traffic Controllers Association, said on CNBC’s “Squawk Box” that the holiday season will be especially affected by the shortage of air traffic

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McDonald’s sales rise, but CEO expects low-income diners to spend less into next year

Business News

McDonald’s on Wednesday fell short of Wall Street’s earnings expectations, but the company’s U.S. restaurants reported better-than-expected same-store sales growth. CEO Chris Kempczinski said in a statement that the results are “a testament to our ability to deliver sustainable growth even in a challenging environment.” For more than a year, McDonald’s, long considered a bellwether

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How Chinese EV makers are winning in Brazil

Finance News

On the streets of Rio de Janeiro, it’s not hard to spot the latest sign of China’s growing global auto ambitions. Electric vehicles from Chinese brands like BYD and Great Wall Motor have been flowing in. “There are a lot of Chinese cars on the streets,” said EV owner Sérgio Ramalho. Brazil has become the

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Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk

Technology News

A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shock value Stocks sold off yesterday amid investor concerns about the valuations of

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