Business
Beer demand stumbles as gas prices surge, data shows
U.S. beer sales slump as higher gas prices squeeze consumers, with convenience stores and high-fuel-cost states with higher-cost fuel seeing the sharpest declines.
By CNBC
Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes
Allegiant CEO Greg Anderson said leisure travel demand is still strong despite higher fuel prices.
By CNBC
Wealthy donors stand to win double tax benefit if Trump Accounts allow stock donations
Permitting stock contributions to Trump Accounts would allow donors to offload appreciated shares without paying capital gains tax.
By CNBC
Versant stock jumps 10% after company's Q1 report shows bright spots in licensing, platforms
Versant, the portfolio of TV networks spun out from Comcast, reported earnings for its first quarter as an independent company.
By CNBC
Hantavirus outbreak isn't another Covid pandemic – but experts say it's testing U.S. readiness
For some experts, the outbreak is raising broader concerns about how equipped the U.S. is to respond to future infectious disease threats.
By CNBC
Biogen advances Alzheimer's drug to late-stage trial despite disappointing data
Biogen said signals suggest the treatment decreases levels of tau and slows cognitive decline, particularly at the lowest dose.
By CNBC
These three artworks could sell for $100 million each next week as May auctions begin
The wild card for the May auctions is the Middle East, with the Iran war clouding buyer expectations.
By CNBC
China will order 200 Boeing jets, Trump tells Fox News
President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday.
By CNBC
CDC says there are no U.S. hantavirus cases currently, 41 people being monitored
The CDC said the risk to the general public from hantavirus remains low.
By CNBC
Family investors turn to old-economy businesses like dealerships and fisheries to avoid AI disruption
While car dealerships and fisheries are less eye-catching than high-flying AI startups, they offer stability and cash flow that's attractive to family offices.
By CNBC
Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms
Reasons for the job declines vary by automaker, but are generally tied to evolving technological changes in the industry — including the rise of AI.
By CNBC
Starbucks to lay off 300 U.S. employees, shutter some regional support offices
Starbucks said the moves will help the coffee chain return to profitable growth.
By CNBC
Chinese EVs are coming to Canada, and some dealers can't wait to sell them
Canada is allowing 49,000 Chinese-made electric vehicles to be imported for retail sales annually at a tariff rate of 6.1%.
By CNBC
Meet the pilots flying Spirit Airlines' yellow jets to the desert
Special pilots have been moving Spirit's fleet of yellow jets to the desert.
By CNBC
Creator content made the main stage at TV's 'upfront' pitches — and not just for YouTube
In media companies' annual pitch to advertisers this week, creator content played a bigger role as a new category for reaching younger audiences.
By CNBC
Yum Brands earnings top estimates, fueled by Taco Bell's 8% same-store sales growth
Taco Bell's same-store sales increased 8% in the quarter, fueling the company's outperformance.
By CNBC
Ford raises 2026 guidance as $1.3 billion tariff refund assists in offsetting higher costs
Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.
By CNBC
Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it's unrealistic
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there's no recent precedent for such a haul.
By CNBC
Carvana stock pops as used car retailer reports record first-quarter results
The online used car retailer reported retail sales of 187,393 units, a 40% increase compared with a year earlier.
By CNBC
PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle
PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.
By CNBC
Chipotle posts surprise same-store sales growth in early sign chain could be breaking its slump
Chipotle shares have plummeted 35% over the last year.
By CNBC
Lawyers to the wealthy warn that AI legal advice comes with serious risks
Asking ChatGPT how to divide your fortune or design a prenup can be used against you in court, lawyers say.
By CNBC
Hershey says GLP-1s are driving higher gum and mint sales
Sales of Hershey's Ice Breakers rose 8% in the first quarter, thanks to the trend.
By CNBC
FDA proposes excluding Novo, Lilly weight loss drugs from bulk compounding list in win for the companies
If that proposal is finalized, the exclusion would likely limit the mass compounding of those medicines unless they appear on the FDA's drug shortage list.
By CNBC
More than 20,000 people are taking Eli Lilly's weight loss pill Foundayo, CEO says
Eli Lilly's weight loss pill launch has been closely watched after the successful start of Novo Nordisk's Wegovy pill.
By CNBC