A view of Levi Strauss & Co. headquarters on July 8, 2026, in San Francisco, California. Heather Diehl | Getty Images Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. The denim maker is now expecting full-year adjusted earnings…
U.S. forces launched another round of strikes against Iran in response to Tehran attacking commercial ships in or near the Strait of Hormuz, U.S. Central Command said Wednesday afternoon. “The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway,” CENTCOM said in…
Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from…
Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh‘s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned…
OpenAI Ceo Sam Altman speaks to journalists after meeting with US House Minority Leader Hakeem Jeffries on Capitol Hill in Washington, DC, on June 3, 2026. Brendan Smialowski | AFP | Getty Images OpenAI said it will publicly release its GPT-5.6 Sol, Terra and Luna models on Thursday, roughly two weeks after the artificial intelligence…
Scaffolding and tarp covers the building name at the the John F. Kennedy Center for the Performing Arts, on Monday, June 15, 2026 in Washington, DC. Al Drago | The Washington Post | Getty Images A federal appeals court on Wednesday rejected President Donald Trump‘s bid to restore his name to the Kennedy Center as…
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026 in South Pasadena, California. Mario Tama | Getty Images DETROIT – The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company…
Divided Federal Reserve officials indicated at their last meeting that they will address persistent inflation this year with one interest rate hike. History, though, suggests that policymakers will have a hard time stopping there. In fact, there have been few instances over the past 35 years or so when the Fed has only made one…
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. As new GLP-1 drugs enter the U.S. market and landmark Medicare coverage rolls out, one thing remains the same: Most employers still aren’t covering those drugs for…
President Donald Trump has slammed Spain for not contributing enough to NATO, as the defense alliance battles mounting frictions among allies. “Spain is a terrible partner in NATO. They don’t participate. They don’t pay. I don’t want anything to do with Spain. Cut off all trade with Spain, please, including visits,” he said at a…
