Business
Self-made millionaire Bethenny Frankel on why good ideas are not enough to be successful in business
“I truthfully didn’t even know the word entrepreneur. I was in my late thirties, and I didn’t know the word ‘brand,’ I didn’t know the word ‘entrepreneur,’” Bethenny Frankel, founder of SkinnyGirl, told Sharon Epperson at the CNBC Small Business Playbook virtual summit on Wednesday. Now, just over a decade later, Frankel is a widely […]
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Mickelson, DeChambeau and other LIV golfers file antitrust lawsuit against PGA Tour over suspensions
Team Hy Flyers Phil Mickelson of the U.S. speaks to the media after the first round of the inaugural LIV Golf Invitational, June 9, 2022. Paul Childs | Action Images via Reuters Eleven professional golfers filed an antitrust lawsuit against the PGA Tour Wednesday after being suspended from playing in the tour over their involvement […]
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Evercore ISI’s Julian Emanuel doesn’t think we’ve seen the bottom yet in the bear market
Evercore ISI’s Julian Emanuel doesn’t think we’ve seen the bottom yet in the bear market, pointing to more volatility in September. The strategist believes investors may be overly optimistic following July’s rally in which risk-on sentiment returned to Wall Street. He pointed to slowing growth, as well as troubling signs in bond yields, that could […]
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Small business confidence hits all-time low on worsening sales outlook and belief on Main Street recession is here
Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft landing for the economy. In fact, the majority of small business owners (57%) taking part in the CNBC/SurveyMonkey Small Business […]
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Ford reports big jump in July sales, including for trucks and electric vehicles
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, following a fire at a supplier’s plant in Japan that hurt its year-ago sales. The Detroit automaker said Wednesday its new vehicle sales rose […]
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CVS says it plans to get into primary care by year end
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS said Wednesday that it plans to acquire or take a stake in a primary-care company by the end of the year, as competition heats up with Amazon and Walgreens. CEO Karen Lynch said on […]
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Stocks making the biggest moves premarket: CVS, Under Armour, Moderna and more
Check out the companies making headlines before the bell: CVS Health (CVS) – The drugstore operator and pharmacy benefits manager saw its shares rise 3.8% in the premarket after beating top- and bottom-line estimates and raising its full-year earnings forecast. Results were helped by strong sales of over-the-counter Covid-19 tests as well as an upbeat […]
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Biden to sign executive order to help cover costs for women traveling for abortions
Boxes of the medication Mifepristone used to induce a medical abortion are prepared for patients at Planned Parenthood health center in Birmingham, Alabama, March 14, 2022. Evelyn Hockstein | Reuters U.S. President Joe Biden will sign an executive order on Wednesday to help cover costs for women traveling to receive abortions, a senior administration official […]
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Under Armour cuts profit outlook for the full year as promotions eat into margins
American multinational clothing brand Under Armour store seen in Hong Kong. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Under Armour on Wednesday cut its profit forecast for the fiscal year 2023 as more promotions on its athletic apparel ate into margins. The company now expects earnings per share for the full year […]
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Moderna’s 2Q earnings beat expectations, but it writes off $500 million in expiring Covid shots
Illustration of a vial of Moderna vaccine for coronavirus treatment. Marcos Del Mazo | Lightrocket | Getty Images Moderna on Wednesday reported second quarter results that beat earnings and revenue expectations driven $4.5 billion in sales from its Covid -19 vaccine, but it’s still the company’s only commercially available product and it took a big […]
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