Breaking News: Business
Starbucks to close stores, lay off workers in $1 billion restructuring plan
In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.” Starbucks executives had previously said that the company would be slowing new openings […]
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CarMax stock plummets 20% following ‘challenging’ quarter that missed Wall Street’s expectations
A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images News | Getty Images DETROIT — Shares of CarMax were down by more than 20% in early trading Thursday after the used auto retailer missed Wall Street’s quarterly earnings and revenue expectations. […]
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Office investor demand was way up in the first half of 2025, according to exclusive JLL data
Working late, office buildings, Financial District, London. Travelpix Ltd | Stone | 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 […]
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U.S. startup airline Breeze Airways plans first international flights
A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Matt May | Bloomberg | Getty Images U.S. startup airline Breeze Airways is planning to fly internationally for the first time early next year, aiming to win over sun-seeking travelers as the carrier enters its fifth year […]
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Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records
Key Points The American Federation of Teachers, AFL-CIO, and Reporters Without Borders are seeking board materials, communications and policies related to the suspension of “Jimmy Kimmel Live!” The groups argue that the decision was driven by threats from federal regulators and broadcast affiliates, rather than a business calculation in shareholder interests. Source
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Walmart teams up with Spain’s La Liga, furthering the retailer’s investment in soccer
Real Madrid’s Spanish defender #20 Francisco Garcia fights for the ball with Barcelona’s Spanish forward #19 Lamine Yamal during the Spanish league football match between FC Barcelona and Real Madrid CF at Estadi Olimpic Lluis Companys in Barcelona, on May 11, 2025. Lluis Gene | Afp | Getty Images Walmart is bringing its brand to […]
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H&M shares jump 10% on third-quarter sales beat as turnaround takes pace
Shares of H&M jumped on Thursday after the high street retailer posted better-than-expected results in the fiscal third quarter, and its turnaround strategy showed signs of gaining pace. Shares were up 10% by 8:48 a.m. London time (3:20 a.m. ET). Operating profit at the fashion retailer rose 40% year-on-year to 4.9 billion Swedish krona ($522 million), […]
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China’s Xiaomi plans showrooms for 2027 EV launch in Europe, eyes local manufacturing later
Key Points Xiaomi plans to open showrooms in Europe when it launches its electric cars in the region in 2027, a top executive at the Chiense tech giant told CNBC. Xu Fei, a vice president at Xiaomi, said the comapny could also manufacture cars locally in the future. Xu did not reveal which car Xiaomi […]
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‘Jimmy Kimmel Live!’ return draws 6.26 million viewers, ABC parent Disney says
File photo: “Jimmy Kimmel Live!” Randy Holmes | Disney General Entertainment Content | Getty Images “Jimmy Kimmel Live!” returned to air Tuesday night, generating 6.26 million total viewers despite significant preemptions across 23% of U.S. TV households, according to data from Nielsen shared by Disney. This viewership is exponentially higher than average. During the 2024-2025 season, a […]
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NFL Commissioner Roger Goodell weighs potential for an international team
Fans are seen during the NFL London 2021 match between Miami Dolphins and Jacksonville Jaguars at Tottenham Hotspur Stadium on October 17, 2021 in London, England. Tottenham Hotspur Fc | Getty Images NFL Commissioner Roger Goodell is weighing the potential for an international team. “I would say that the markets outside the U.S. are very, […]
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