From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T’s next wave of growth aren’t fresh-faced college graduates with expensive four-year degrees. They’re skilled, blue-collar workers ready to get their hands dirty — and AT&T can’t find enough of them. “We need people who know how to actually work with electricity. We…
Warren Buffett speaks with CNBC during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. David A. Grogan | CNBC Billionaire investor Warren Buffett hinted in March that Berkshire Hathaway had made a small addition to its portfolio. A new regulatory filing may have just revealed what he was referring to….
Lululemon is showing its teeth. The Vancouver-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show. The letter, Lululemon’s first major public response to…
Dwyane Wade, left, and Jesse Riedel speak onstage during the YouTube Brandcast event at Lincoln Center in New York, May 13, 2026. Mike Coppola | Getty Images Among the live sports and entertainment shows that carried media companies’ presentations to advertisers this week, another pitch kept popping up: creator content. The category of videos, which…
When Spirit Airlines shut down before dawn on May 2, work for pilot Steve Giordano was just beginning. Giordano, managing partner of the Nomadic Aviation Group, told CNBC he organized a massive repossession of more than 20 Spirit planes that lessors wanted returned. In just over a week, he said he and his team ferried…
Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate’s return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position…
HALIFAX, NOVA SCOTIA — Michael MacGillivray sees the arrival of Chinese electric vehicles in Canada as a potential game changer. “I think it is going to a be a huge eye opener,” said MacGillivray, who oversees 10 dealerships in Nova Scotia and New Brunswick, Canada. As the CEO of Century Auto Group and SIGMA Auto Group,…
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround. The company said it will cut 300…
Shares of Ben & Jerry’s parent company Magnum Ice Cream Company jumped as much as 18% after Reuters reported that Blackstone and CD&R are among firms in the early stages of exploring a bid for the company. It comes just six months after it spun off from Unilever to create the world’s largest standalone ice…
President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday, more than the 150 aircraft Boeing had expected. “One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,” Trump told Fox News, referring to Chinese President Xi…
