Month: February 2026
Why New Balance’s ‘dad shoes’ are beating Nike as sales surge 19%
New Balance sales grew 19% last year to $9.2 billion as the legacy sneaker giant continued to outperform the global footwear market and take share from floundering competitors like Nike. The 120-year-old Boston-based footwear brand, which is private, exclusively shared its 2025 results with CNBC. In addition to the sharp 2025 growth, the retailer said […]
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Walmart earnings, Fed meeting minutes, Zuckerberg’s testimony and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. My spin class soundtrack of mainly Kesha’s music last night was more evidence that the 2016 aesthetic is back. Stock futures are lower this morning. The three major indexes are coming off a winning session. Here are five key things […]
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Blue Owl curbs investor liquidity following asset sale, shares down 3% in pre-market trading
Shares in Blue Owl Capital were down almost 3% in pre-market trading on Thursday after the private market and alternative assets manager sold $1.4 billion of loan assets held across three of its private debt funds. Blue Owl said Wednesday it had agreed the sale with four North American pension and insurance investors, with the […]
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Booking Holdings CEO Glenn Fogel on Q4 earnings, state of travel and impact of AI
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holdings CEO Glenn Fogel joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, state of the consumer, impact of AI on travel, and more. Source
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Walmart reports strong holiday growth, but earnings outlook falls short of estimates
Walmart said on Thursday that holiday-quarter sales rose nearly 6% and its quarterly earnings and revenue surpassed Wall Street’s expectations as gains in e-commerce, advertising and its third-party marketplace boosted its business. For the full current fiscal year, Walmart said it expects net sales to increase by 3.5% to 4.5% and adjusted earnings per share […]
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Small furniture retailers face existential tariff threat, regardless of Supreme Court ruling
President Donald Trump’s so-called “reciprocal tariffs” could be struck down by the U.S. Supreme Court as soon as this week. Regardless of the ruling, there’s little comfort to be found for the furniture industry. Furniture importers are facing steep, and in some cases stacking, import duties after the industry was hit with higher tariffs on […]
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United Airlines is paring back rewards for travelers who don’t have its credit card in MileagePlus overhaul
No United Airlines credit card? Soon you’ll earn fewer miles than other travelers. United is overhauling its MileagePlus frequent flyer program to reward travelers with more miles and lower redemption rates, including for some of its long-haul business-class seats — if they have one of the airline’s credit cards. It’s the latest move by an […]
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Stocks making the biggest moves premarket: Walmart, Hims & Hers, Carvana, Figma & more
Check out the companies making the biggest moves in premarket trading: Walmart — The big-box retailer shed 3.7% after its full fiscal year outlook fell short of expectations. Walmart said it anticipates net sales will increase by 3.5% to 4.5% and adjusted earnings per share to range from $2.75 to $2.85. Analysts polled by LSEG […]
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United Airlines overhauls MileagePlus program — here’s what to know
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Earning airline frequent flyer miles is getting harder and more expensive. United Airlines is the latest to be making big changes to its MileagePlus frequent flyer program. The airline will give more rewards to customers that have one of the carrier’s co-branded […]
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King Charles’ brother Andrew arrested on suspicion of misconduct
FILE PHOTO: Britain’s Prince Andrew leaves Westminster Abbey following the coronation ceremony of Britain’s King Charles and Queen Camilla, in London, Britain May 6, 2023. Toby Melville | Reuters U.K. police on Thursday arrested King Charles’ brother Andrew Mountbatten-Windsor on suspicion of misconduct in public office, with the monarch expressing his “deepest concern” over the […]
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