Business

Walmart on Thursday posted quarterly sales that beat Wall Street estimates and raised its outlook for the year, as it saw another strong quarter of e-commerce growth and benefited from tariff refunds. “Our business is strong,” CFO John David Rainey told CNBC. “We feel really good about the progress we’re making.” The retailer said revenue

Federal Reserve officials indicated at their last meeting that they would need to raise interest rates soon unless there was more progress on bringing down inflation, minutes released Wednesday showed. “Many participants assessed that policy tightening would likely be necessary if inflation did not decline,” stated the summary of the meeting, held July 28-29. “Some

Genesis GV90 Courtesy Genesis SAN FRANCISCO — Hyundai Motor’s newest luxury flagship vehicle is an all-electric large SUV called the Genesis GV90. The up to seven-seat EV features a new design direction for Genesis and expands the luxury brand’s lineup to seven vehicles in the U.S., as Hyundai continues to grow its sales domestically. The

China’s yuan has strengthened against the U.S. dollar this year. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese government bonds can play an important role in portfolio diversification as they are likely to continue behaving differently from other countries’ debt, strategists say. China’s yields have edged down in recent months even as benchmarks in

Lowe’s on Wednesday reported mixed quarterly results as the home improvement retailer said it saw “pressure” in spending on projects. Though the company did not cut its full-year guidance, it updated its outlook to the bottom end of its prior guidance. It now expects total sales of $92 billion, compared with $92 billion to $94

Los Angeles Dodgers chairman Mark Walter during a press conference announcing a new partnership between the Los Angeles Dodgers and UNIQLO at Dodger Stadium in Los Angeles on Wednesday, March 25, 2026. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images Carvana shares are headed for a double-digit weekly loss as a federal

U.S. Federal Communication Commission (FCC) Chairman Brendan Carr speaks during a press conference, following an open meeting of the FCC, in Washington, D.C., U.S., July 22, 2026. Kylie Cooper | Reuters Disney’s ABC has filed a First Amendment lawsuit against the Federal Communications Commission, calling the government agency’s recent investigation into the company a “retaliatory

A staff member sorts Kweichow Moutai liquor at a supermarket in Yongnian district of Handan, North China’s Hebei province, Jan 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Walk down most streets in China and you’ll find a liquor store advertising premium spirits brand Moutai, along with posters of resale prices by

Brunswick Corp., a global leader in boat manufacturing and recreation on the water, is counting on advanced technology to help with stalling sales. The parent company of Sea Ray, Boston Whaler and other boat brands, says advanced navigation technology and autonomous docking can take some of the complexity out of maneuvering a vessel around a

Kalshi logo is seen in this illustration taken, August 3, 2026. Dado Ruvic | Reuters Prediction market platform Kalshi in a regulatory filing on Tuesday revealed it is seeking to launch perpetual futures tied to equity indexes.  The filing with the Commodity Futures Trading Commission is the latest move by the company to expand beyond

Paramount Skydance will seek to force the states holding up its merger with Warner Bros. Discovery to pay for the fees and costs associated with the delay, according to a new filing in the antitrust case Monday. Paramount is requesting a $1.88 billion bond that would be posted by the states behind the lawsuit. In

In this photo illustration, the stock market information of Synchrony Financial displayed on a smartphone while the logo of Synchrony Financial seen in the background. Igor Golovniov | Lightrocket | Getty Images Editor’s note: A previous version of this story, based on information provided by a Synchrony Financial executive, mischaracterized the collaboration between Synchrony and

The television industry is in flux. Deals, spinouts and partnerships are all reshaping the landscape for traditional TV. While the industry is no stranger to turmoil, the recently rapid pace of change is keeping media investors and onlookers on their toes. This is the backdrop for CNBC’s Future of TV survey: an update from our

Avishek Das | Lightrocket | Getty Images Synchrony Financial, the credit card issuer for brands including Amazon, Walmart and Lowe’s, is working with OpenAI to allow shoppers to buy products directly inside ChatGPT using their store cards. The deal is one of the first major moves by a U.S. consumer lender to bring financing, payments

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, July 15, 2026. Tom Brenner | Bloomberg | Getty Images LOS ANGELES — For years, JPMorgan executives have been talking with Olympics organizers about sponsoring the games. Before the next event, taking place in Los

A Kalshi billboard displaying New York City mayoral election odds in Times Square in New York, US, on Tuesday, Nov. 4, 2025. Adam Gray | Bloomberg | Getty Images The New York City Council is investigating marketing practices by prediction market platforms, the office of Council Speaker Julie Menin said on Wednesday.  In letters to

Nvidia CEO Jensen Huang speaks to members of media outside a restaurant in the Hongdae district of Seoul, South Korea, June 5, 2026. SeongJoon Cho | Bloomberg | Getty Images Jensen Huang built the world’s most valuable company by pioneering the specialized computer chips behind the artificial intelligence boom. To keep his vision for the

The SpaceX logo is displayed at a SpaceX facility in Hawthorne, California, Aug. 4, 2026. Justin Sullivan | Getty Images Short sellers betting against SpaceX are rapidly retreating from the trade, just as the newly public stock rebounds from its post-IPO slump. Short interest in SpaceX fell to about 11% of the company’s publicly traded

Home Depot CEO Ted Decker is taking a “temporary medical leave of absence” for the next few months and the company has appointed two top deputies to lead until he returns, the retailer announced Wednesday.  Ann-Marie Campbell, Home Depot’s senior executive vice president of U.S. stores and operations, will oversee day-to-day operations while finance chief

The Commodity Futures Trading Commission is conducting an internal review into “mention markets” on prediction platforms, people familiar with the situation told CNBC Friday.  Mention markets are made up of contracts where traders speculate on whether specific words will be used in a speech, a corporate earnings call with analysts and investors or a television