Reformation Inc. signage as traders work during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 30, 2026. Michael Nagle | Bloomberg | Getty Images Women’s clothing retailer Reformation began trading on the New York Stock Exchange on Thursday, with the…
A general view of the Peacock logo on a microphone during the Big East Women’s Basketball Tournament Championship game between the University of Connecticut Huskies and the Villanova Wildcats on March 9, 2026, at Mohegan Sun Arena in Uncasville, Connecticut. Erica Denhoff | Icon Sportswire | Getty Images NBCUniversal’s announcement this week that it’s struck a…
Acting Attorney General Todd Blanche appears at his confirmation hearing in front of the Senate Judiciary Committee on Capitol Hill July 15, 2026 in Washington, DC. Eric Lee | Getty Images President Donald Trump on Thursday said he is open to “temporarily withdrawing” Todd Blanche’s nomination as U.S. attorney general until after two Republican holdouts,…
The battered $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash, according to people familiar with the matter. The prime brokers for the fund, Situational Awareness, have…
Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth. For fiscal 2026, Starbucks now expects adjusted earnings per share in a range of $2.55 to $2.65, up from its prior outlook of $2.25 to $2.45 per share. It now also projects global same-store sales will rise nearly…
The personal consumption expenditures price index was expected to rise 3.7% from a year ago on headline and 3.3% on core, according to the Dow Jones consensus. Also, gross domestic product was projected to increase at a 1.8% annualized rate. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on…
The Taco Bell logo is displayed at a Taco Bell restaurant on July 14, 2026 in Pasadena, California. Mario Tama | Getty Images Yum Brands on Wednesday reported mixed quarterly results but provided no details on how the cyclospora outbreak tied to Taco Bell restaurants is affecting its business. Since the Food and Drug Administration…
Meta CEO Mark Zuckerberg, left, and Microsoft CEO Satya Nadella. Getty Images | Reuters Microsoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants’ earnings. Shares of Microsoft were last 9% higher while Meta was down 9%. On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat…
Bazilfoto | Istock | Getty Images Oil prices moved higher on Thursday after the U.S. launched a “heavy wave” of strikes against Iran late Wednesday in retaliation against its missile attacks on American forces in the region, dashing hopes for de-escalation. Iran’s Islamic Revolutionary Guard Corps has threatened further escalation in response. Brent crude futures,…
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America as the company…
