Business
Nike to cut 775 employees as it accelerates ‘automation’ at U.S. distribution centers
A shopper carries a Nike bag in the Union Square neighborhood of San Francisco, California, US, on Wednesday, Jan. 21, 2026. David Paul Morris | Bloomberg | Getty Images Nike is cutting 775 employees as the company looks to boost its bottom line and accelerate its use of “automation,” CNBC has learned. The layoffs, which […]
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Target’s incoming CEO calls Minneapolis violence ‘incredibly painful,’ does not mention Trump or shootings by federal agents
Fiddelke, Target’s chief operating officer, will step into the CEO role on Feb. 1. In the video message to employees, he said he’s looking forward to starting the job in a week and “this isn’t the first message I imagined I’d send.” He said he’s “been meeting with a range of leaders and this weekend […]
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Air travel will return to normal by Wednesday, Transportation Secretary Duffy says
Transportation Secretary Sean Duffy said the Federal Aviation Administration needs two more days to fully recover from the significant flight disruptions that came over the weekend due to the massive winter storm that swept across the country. In an interview Monday on CNBC’s “Squawk Box,” Duffy said the FAA is targeting Wednesday as the day […]
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Auto executives are hoping for the best and planning for the worst in 2026
U.S. President Donald Trump and CEO of Ford Jim Farley clap, as President Trump visits a Ford production center, in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters DETROIT — The only consistency has been inconsistency for the U.S. automotive industry during the first half of this decade — a trend that’s expected […]
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Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according […]
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Why a niche category of CRE lending is suddenly seeing record deals
Wepro | Moment | Getty Images 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 […]
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What obesity drugmakers see next in the market: More pills, easier access and drug combinations
A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images The future of the booming obesity drug market won’t hinge on drugs that deliver greater weight loss alone. Top executives from drugmakers big and small told CNBC that the next phase […]
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Advisors to the ultra rich say AI isn’t a gamechanger for landing new clients
D3sign | 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. Market data firms have been pitching artificial intelligence as the key to locating elusive ultra-high-net-worth clients. But […]
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Flex office firm Industrious is seeing major growth. Here’s what’s driving it
An Industrious flexible office space. Courtesy: Industrious 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, […]
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As Americans buy homes later than ever, Lowe’s aims to win shoppers with family events and influencers
NORTH BERGEN, N.J. — Near expansive aisles of home improvement supplies, some of Lowe’s tiniest shoppers worked this Saturday on do-it-yourself projects of their own. The children, some as young as age three, sported miniature versions of the retailer’s signature red aprons while hammering together washing machine-themed piggy banks at the retailer’s kid’s workshop. Lowe’s […]
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