Breaking News: Business
Trump nominates Erica Schwartz as CDC director amid turmoil around leadership, vaccine policy
Rear Admiral Erica G. Schwartz. U.S. Department of Health and Human Services President Donald Trump on Thursday nominated Erica Schwartz to serve as director of the Centers for Disease Control and Prevention, concluding a monthslong effort to choose a permanent leader of the embattled health agency. Schwartz will have to be confirmed by the Senate, […]
Read More
Here’s our monthly update on all 31 portfolio stocks, including 3 on the buy list
The CNBC Investing Club held its April Monthly Meeting on Thursday, with Jim Cramer and Jeff Marks, director of portfolio analysis, hashing it out on each stock in the portfolio. The confab came a day after the S & P 500 closed at its first record high since late January, punctuating its dramatic comeback from […]
Read More
Michael Burry buys the dip in Salesforce and other software stocks after AI-fueled sell-off
Famed investor Michael Burry is wading back into beaten-down software stocks, betting the recent sell-off was driven more by technical factors than deteriorating business fundamentals. The “Big Short” investor said in a Wednesday Substack post that a “reflexive positive feedback loop” between falling equity prices and stress in bank debt tied to software companies helped […]
Read More
Netflix reports earnings after the bell. Here’s what to expect
The Netflix logo is seen on an office building in Los Angeles, California, on Feb. 5, 2026. Michael Yanow | Nurphoto | Getty Images Netflix kicks off earnings season for media companies on Thursday with a quarterly report that Wall Street hopes will give more updates on the company’s path forward after walking away from […]
Read More
Retail traders pile into Allbirds after odd AI pivot. History shows it won’t end well
Key Points Retail investors were quick to embrace Allbird’s shocking pivot into AI. Net purchases hit a record $5.2 million in a single day, surpassing even demand seen during the company’s 2021 IPO. “The market is not pricing risk. It is pricing narrative,” said Mark Malek, CIO at Siebert Financial. Source
Read More
Airline CEOs urged by lawmaker to lower fares if fuel prices come down
A JetBlue aircraft lands under the DC skyline featuring the U.S. Capitol building, near United Airlines, American Airlines and Delta Airlines aircraft on the tarmac at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S. January 25, 2025. Jim Urquhart | Reuters A U.S. lawmaker is urging the CEOs of the country’s largest airlines to […]
Read More
Why foreign automakers dominate the sedan market
The biggest American automakers all but abandoned sedans and coupes in recent years as they rushed to compete in the pickup truck and SUV markets. Many domestic buyers also shifted toward those bigger vehicles. Still, there’s a market for cars, as Japanese, Korean and German brands sell hundreds of thousands of smaller passenger vehicles in […]
Read More
PepsiCo earnings beat estimates as Doritos, Lay’s price cuts win back shoppers
Illuminated logo for Pepsi on a soda fountain in Walnut Creek, California, March 4, 2026. Smith Collection | Gado | Archive Photos | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations as its struggling North American food business reported a return to volume growth. Shares of the company rose slightly in […]
Read More
Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci
A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Kering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury slump […]
Read More
Spirit Airlines could liquidate as early as this week, sources say
Spirit Airlines airplanes taxi on the tarmac at New York’s Laguardia Airport in the Queens borough of New York City, U.S., Nov. 7, 2025. Ryan Murphy | Reuters Spirit Airlines could liquidate as early as this week, according to people familiar with the matter. They spoke on the condition of anonymity to discuss matters that […]
Read More