Business
JPMorgan can now help you find a private jet or butler
Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images J.P. Morgan Private Bank is launching a new lifestyle service for its wealthy clients, offering discounts and referrals on everything from private jet flights and travel […]
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Walker & Dunlop CEO says investors need clarity on who decides the fate of Fannie and Freddie
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The annual Zelman […]
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Convenience stores are eating fast-food chains’ breakfast
A Wawa store is seen on May 29, 2024 in Washington, DC. Kent Nishimura | Getty Images Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to […]
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Ulta Beauty raises full-year forecast after reporting growth in all major categories
Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s […]
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Gap stock falls as retailer misses sales expectations, driven by decline at Athleta
Gap’s fiscal second-quarter revenue came in lighter than expected on Thursday but sales at Banana Republic far exceeded expectations as the brand’s turnaround begins to show results. The specialty apparel company behind Old Navy, Athleta, Banana Republic and its namesake banner saw comparable sales rise 1% during the quarter, weaker than the 1.9% rise that […]
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Nike to lay off about 1% of corporate staff in its latest effort to refocus the business
A Nike store in Hanoi, Vietnam, on July 3, 2025. Nhac Nguyen | Afp | Getty Images Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. […]
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Pending home sales tick lower in July as canceled contracts spike
Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017. The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last […]
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Best Buy reports modest sales recovery, but says tariffs are complicating its turnaround
Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy surpassed Wall Street revenue and earnings expectations for its most recent quarter on Thursday, but stuck with its full-year forecast, citing tariff uncertainty. The consumer electronics retailer said […]
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Dick’s Sporting Goods raises guidance after second-quarter earnings beat
Dick’s Sporting Goods raised its full-year sales and earnings guidance after delivering fiscal second-quarter results that beat expectations. The company is now expecting comparable sales to grow between 2% and 3.5%, up from a previous range of 1% and 3% and ahead of analyst estimates of 2.9%, according to StreetAccount. Dick’s said its earnings per […]
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Swiss family office Infinitas, Christian Angermayer’s Apeiron team up to fund more Swedish IPOs
Key Points Investors are increasingly drawn to Europe amid tariff uncertainty, but startups face still obstacles going public on European exchanges. Swiss real estate heir Robin Lauber and German billionaire Christian Angermayer are joining forces to get startups to go public in Sweden. Lauber told CNBC about their startup pipeline and why Sweden is a […]
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