Business
UPS to cut additional 30,000 jobs in Amazon unwind, turnaround plan
A worker drives a United Parcel Service (UPS) truck on Oct. 28, 2025 in Los Angeles, California. Mario Tama | Getty Images United Parcel Service on Tuesday announced that it was planning to eliminate an additional 30,000 jobs this year as part of winding down its partnership with Amazon and a multiyear turnaround plan. CFO […]
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Humana, UnitedHealth plunge 20% after Trump administration proposes keeping Medicare Advantage rates flat
Stock Chart IconStock chart icon Humana shares in the past day The proposal entails a net average payment increase of 0.09% for Medicare Advantage plans in 2027, according to a release from the Centers for Medicare & Medicaid Services, or CMS, on Monday. That number is significantly less than Wall Street analysts’ expectations that the […]
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Chicago’s United Center will sell THC beverages at concessions in a U.S. arena first
Chicago’s United Center is stepping into new territory for live events, becoming the first major U.S. arena to offer cannabis drinks at its concessions. The arena — home of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks — announced Tuesday a multi-year partnership with Rythm, a hemp-derived THC beverage company that makes Rythm- and Señorita-branded […]
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Property Play: New AI tool from Fundrise brings high-level CRE analysis to the public
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. Fundrise, a Washington, […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects amid major electric vehicle write-downs
The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its fourth-quarter and year-end earnings before the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG: Earnings per share: $2.20 adjusted expected Revenue: […]
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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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