Business

Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup

In this article ULCC Follow your favorite stocksCREATE FREE ACCOUNT A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Thursday, Feb. 27, 2020.  Elizabeth Page Brumley | Tribune News Service | Getty Images First class on Frontier? Not quite. But the budget airline on Tuesday launched a new add-on to

In this article AMZN ULTA WBA TJX Follow your favorite stocksCREATE FREE ACCOUNT In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an empire. Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had

Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images The Lego company grew sales 2% last year, even as the global toy industry saw sales slip 7%, according to data from Circana. The pandemic-era gains that fueled exponential toy industry sales growth waned in 2023 as

In this article BROS MCD PTLO Follow your favorite stocksCREATE FREE ACCOUNT A Portillo’s Beef Bus in Kissimmee, Florida. Source: Portillo’s When Chicago-based Portillo’s enters a new market, it sends its “Beef Bus” ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and

Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women’s professional soccer at the Hilton Anatole in Dallas on Feb. 10, 2024. Omar Vega | Getty Images Sport | Getty Images At 16 years old, Jessica Berman was one of those rare teenagers who knew exactly what she wanted to

Nurphoto | Nurphoto | Getty Images Pfizer is ready to move on from Covid.  Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. It just might take a while before that bet pays off.  Pfizer pitched its

Getty Images As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers’ doors quickly. This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery offering to allow

Chevrolet All-Electric Blazer EV Scott Mlyn | CNBC DETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less than

In this article LLAP LMT Follow your favorite stocksCREATE FREE ACCOUNT Terran Orbital Satellite manufacturer Terran Orbital is “looking at everything” regarding the company’s future, CEO Marc Bell told CNBC, as it considers Lockheed Martin’s acquisition offer. “We found out about [Lockheed’s takeover bid] when the rest of the world found out about it,” Bell

In this article NVO NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT Novo Nordisk CEO Lars Fruergaard Jørgensen on Friday said the company’s experimental weight loss pill, amycretin, could eventually become a best-in-class treatment for obesity.  The Danish drugmaker is racing to capitalize on the runaway success of its blockbuster weight loss drug Wegovy by developing

Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters The Food and Drug Administration approved Novo Nordisk‘s blockbuster weight loss drug Wegovy for use in slashing the risk of serious cardiovascular complications in people with obesity and heart disease, the

In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.’s shares climbed in early US trading after its experimental drug for Alzheimer’s slowed the progress of the disease in a final-stage trial, paving the way for the company to

In this article ASTR Follow your favorite stocksCREATE FREE ACCOUNT Rocket LV0006 tilts during liftoff. Astra / NASASpaceflight Space company Astra will go private in a cut-rate deal with its founders after a dismal run as a publicly-traded stock. Astra co-founders Chris Kemp and Adam London – CEO and CTO, respectively – signed an agreement

In this article COST Follow your favorite stocksCREATE FREE ACCOUNT Mandel Ngan | Afp | Getty Images Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Shares of the retailer fell about 4% in aftermarket trading. The retailer’s stock had hit a 52-week

In this article BA UAL Follow your favorite stocksCREATE FREE ACCOUNT A United Airlines 737 Max 8 Leslie Josephs | CNBC United Airlines will pause pilot hiring this spring because of aircraft deliveries from Boeing, the latest effect of the plane maker’s problems with one of its biggest customers. New hire classes will be paused

US President Joe Biden speaks during an event at the National Institutes of Health (NIH) in Bethesda, Maryland, US, on Thursday, Dec. 14 2023.  Chris Kleponis | Bloomberg | Getty Images President Joe Biden on Wednesday said the federal Medicare program should negotiate prices for at least 50 prescription drugs each year, up from the

In this article FL Follow your favorite stocksCREATE FREE ACCOUNT The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California.  Justin Sullivan | Getty Images Shares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance for the current

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Steph Kronos, a pro-Union activist, tries to talk to Starbucks customers as she joins Starbucks workers, former employees, and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023. Saul Loeb | AFP |

In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT A Boeing 767 passenger aircraft of Delta Air Lines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on Feb. 7, 2024. Charly Triballeau | Afp | Getty Images Delta Airlines just became the latest airline