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Retail sales rose 0.7% in September, much stronger than estimate

Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a w...

NBA can shift the balance of power in media with its next rights deal

Jimmy Butler #22 of the Miami Heat dribbles against Jamal Murray #27 of the Denver Nuggets during the fourth quarter in Game Five of the 2023 NBA...

Outlook for household spending slumped in April, New York Fed survey shows

People walk in front of a store along the Magnificent Mile shopping district on March 15, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesHou...

U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%

Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept. 21, 2023.Pool | V...

Business

Airport lounges are booming, and everyone wants in

Travelers are flocking to airport lounges in search of complimentary food, drinks and perhaps most importantly, a chance to relax away from the h...

Salesforce shares jump on better-than-expected earnings report

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Wee...

Ford’s EV charging deal with Tesla puts pressure on GM, other rival automakers

DETROIT – A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other...

Off-duty Alaska Airlines pilot charged with 83 counts of attempted murder in alleged engine shutdown attempt

Travelers wait to check-in at the Alaska Airlines counter at San Francisco International Airport (SFO) in San Francisco, California.David Paul Mo...

Charlie Munger reportedly warns of trouble for the U.S. commercial property market

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger beli...

The Fitch U.S. ratings cut is here to stay, says analyst who worked on the S&P downgrade in 2011

Fitch Ratings in New York, United States.Cem Ozdel | Anadolu Agency | Getty ImagesGrowing political instability means the U.S. will not regain it...

Chewy shares surge after earnings beat on top and bottom lines

A dog sits in front of the New York Stock Exchange during Chewy Inc.'s initial public offering, June 14, 2019.Michael Nagle | Bloomberg | Getty I...

Earnings

Olive Garden parent earnings beat estimates, fueled by strong LongHorn Steakhouse sales

A Longhorn Steakhouse restaurant in Thornton, Colorado, U.S., on Friday, March 19, 2021. Darden Restaurants Inc. is scheduled to release earnings...

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

Abercrombie & Fitch raises outlook after quarterly sales surge 20%

Nordstrom sales come up short, echoing broader retail industry pressures

Latest

Why Warren Buffett wouldn’t have become the greatest investor ever without Charlie Munger

Charlie Munger ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCWarren Buffett is arguabl...

Here’s what it would take for the Fed to start slashing interest rates in 2024

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg |...

Salesforce shares jump on better-than-expected earnings report

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Wee...

Spirit Airlines offers buyouts to salaried employees to cut costs

A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines is o...

Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks

Wells Fargo Securities is officially out with its 2024 stock market forecast.Chris Harvey, the firm's head of equity strategy, sees a volatile pa...

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing infl...

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook T...

Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach

A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura | Bloomberg | Getty ImagesShein has conf...

Chinese electric car giant BYD launches its popular Han sedan in the Middle East

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.Evelyn Cheng | CNBC...

Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expec...

Abercrombie & Fitch raises outlook after quarterly sales surge 20%

Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in s...

With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend

Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effor...

Economy

Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Taylor Swift, Beyonce, Barbie, OppenheimerGetty ImagesConsumer spending may not be out of the woods.Real spending is expected to come in 1.9% hig...