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Today โ 27 February 2025CNBC Business News
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CNBC Business News
- Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units
Pending home sales drop to the lowest level on record in January
27 February 2025 at 07:07
Home prices nationally are still higher than they were a year ago.
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CNBC Business News
- Trumpโs proposed 'gold card' visa comes with a hidden tax break for the wealthy
Trumpโs proposed 'gold card' visa comes with a hidden tax break for the wealthy
27 February 2025 at 06:23
President Donald Trump's proposed $5 million "gold card" for U.S. residency would be one the most expensive in the world, according to experts.
WBD adds 6.4 million Max subscribers, forecasts 150 million subs by end of 2026
27 February 2025 at 05:13
Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total of 116.9 million subscribers.
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CNBC Business News
- FDA cancels vaccine advisory meeting for choosing flu strains for next season's shots
FDA cancels vaccine advisory meeting for choosing flu strains for next season's shots
26 February 2025 at 17:05
It comes as RFK Jr., a vaccine skeptic who now leads the Department of Health and Human Services, makes moves that could affect vaccination uptake and policy.
Yesterday โ 26 February 2025CNBC Business News
After abrupt departure of Lucid CEO, here are the EV maker's top priorities
26 February 2025 at 10:43
Interim CEO Marc Winterhoff said Lucid's top priorities include doubling vehicle production in 2025, narrowing losses and increasing customer awareness.
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CNBC Business News
- Musk praises Bezos' new rules for Washington Post opinion pages as top editor resigns
Musk praises Bezos' new rules for Washington Post opinion pages as top editor resigns
26 February 2025 at 11:34
Jeff Bezos said that Washington Post editorial page editor David Shipley decided to resign rather than lead the opinion section under the new policy.
Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
26 February 2025 at 06:30
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.
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CNBC Business News
- TJ Maxx parent company says it will benefit from chaotic market conditions after strong holiday
TJ Maxx parent company says it will benefit from chaotic market conditions after strong holiday
26 February 2025 at 10:12
The company behind T.J. Maxx, Marshall's and HomeGoods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.
GM raises quarterly dividend, initiates $6 billion stock buyback
26 February 2025 at 03:37
General Motors said Wednesday that it is raising its quarterly dividend and initiating a new $6 billion share repurchase program.
Lowe's beats Wall Street expectations as it starts to break out of sales slump
26 February 2025 at 03:50
Lowe's followed rival Home Depot in reporting better-than-expected quarterly sales.
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CNBC Business News
- Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales
Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales
26 February 2025 at 03:01
Target has long used brand collaborations to attract shoppers to its stores and website.
Before yesterdayCNBC Business News
Democrat senators question what Elon Musk plans to do with sensitive CFPB data
25 February 2025 at 14:47
Lawmakers questioned whether Elon Musk was conflicted in his moves to dismantle the CFPB, highlighting his recent plan to launch a digital payments service.
Lucid CEO steps down; EV maker plans to more than double production in 2025
25 February 2025 at 14:28
Lucid said Marc Winterhoff, currently the company's chief operating officer, has taken over as interim CEO.
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CNBC Business News
- How digitally native companies like Rothy's are growing profitably in a new era for retail
How digitally native companies like Rothy's are growing profitably in a new era for retail
25 February 2025 at 05:00
Flats maker Rothy's is growing profitably after expanding into wholesale and building its store fleet. In 2024, it saw sales grow 17%.
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CNBC Business News
- Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
25 February 2025 at 03:45
Eli Lilly is offering higher-dose vials through its direct-to-consumer website, LillyDirect, which started offering lower doses in vials in August.
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CNBC Business News
- Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak
Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak
25 February 2025 at 03:26
Home Depot narrowly beat fourth-quarter earnings estimates, but it gave lackluster sales guidance as high interest rates and home prices pose challenges.
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CNBC Business News
- Jamie Dimon calls U.S. government 'inefficient' and says Elon Musk's DOGE effort 'needs to be done'
Jamie Dimon calls U.S. government 'inefficient' and says Elon Musk's DOGE effort 'needs to be done'
24 February 2025 at 11:46
In the wide-ranging interview, Dimon addressed his push to have most workers in office five days a week and his views on Ukraine, tariffs and the U.S. consumer.
Starbucks to lay off 1,100 corporate workers as sales sag
24 February 2025 at 06:08
Starbucks made the layoff announcement after four straight quarters of falling same-store sales.
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CNBC Business News
- Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker
Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker
21 February 2025 at 10:48
Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday.