A cargo ship full of shipping containers departs the port of Oakland at the San Francisco Bay, California, U.S., August 4, 2025. Carlos Barria | Cb With both the producer price index and the consumer price index still showing accelerations, consumers may be wondering why the price of goods across the board isn’t increasing more….
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty Images As tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees. The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines has warned it might not be able to survive a year as a going concern if it doesn’t raise more cash,…
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images Homeowners are clearly looking for savings, even if it means taking on a riskier mortgage. Refinance demand, along with renewed demand for adjustable-rate loans, drove a sharp increase in overall applications last week….
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6%…
On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike,…
Artificial intelligence startup Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed on Tuesday. That figure is higher than Perplexity’s current valuation, but the company said several investors have agreed to back the deal. In July, Perplexity was valued at $18 billion as part of an extension that valued…
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic. Chesnot | Getty Images Anthropic on Tuesday announced it will offer Claude for Enterprise and Claude for Government to all three branches of the U.S. government for $1 per agency for a year. It’s the latest example of how major artificial intelligence companies have been looking…
In its first fiscal quarter since President Donald Trump’s tariffs were announced, cosmetics company E.l.f. Beauty reported a 30% decline in net income, causing its shares to fall nearly 11% the day after its earnings report. E.l.f. is sourcing 75% of its products from China. Yet the company’s CEO, Tarang Amin, said he’s focused on E.l.f.’s…
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair, one of the largest broadcast station owners in the U.S., is launching a strategic review of its broadcast business that could result in a merger, the company said Monday. The company and its…
