Business

Treasury Secretary Janet Yellen following a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024. Valerie Plesch/Bloomberg via Getty Images Small businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and

View from behind a Comcast truck parked on a residential street in Lafayette, California, on Sept. 28, 2021. Smith Collection/gado | Archive Photos | Getty Images Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively

Sasan Goodarzi, president and CEO of Intuit Inc. and Andy Jassy, CEO of Amazon. David Paul Morris | Bloomberg | Getty Images Amazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy. But keeping track of their finances has long been a challenge for outside

The logo of Hershey’s in Manhattan on Sept. 16, 2023. Michael Kappeler | Picture Alliance | Getty Images Cookie and snack giant Mondelez has made a preliminary takeover approach for Hershey, according to people familiar with the matter, a combination that would create one of the largest food and beverage businesses in the world. Shares

Rudi_suardi | E+ | Getty Images The U.S. job market has been stagnant of late, a dynamic that contains both good and bad news for U.S. workers. On the one hand, businesses are holding on to their existing workforce, meaning employees are unlikely to lose their jobs, economists said. But it also may be hard

Major League Soccer Commissioner Don Garber said the state of soccer in the U.S. is strong and Apple subscriptions are exceeding expectations as the league prepares for the MLS Cup on Saturday. Appearing on the CNBC Sport videocast with Alex Sherman, Garber, who just signed a new contract with MLS through 2027, said more than

American Airlines planes sit parked at LaGuardia Airport in New York City, Nov. 27, 2024. Shannon Stapleton | Reuters American Airlines has completed a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays. The airline said Thursday that it expects payments it receives from its co-branded credit card and other partners to grow 10% a year. In the

BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock, as the world’s largest asset manager looks to grow its presence in the highly popular private credit space. “We have always sought to position ourselves ahead of our clients’ needs. Together with the scale, capabilities, and expertise of the HPS team,

A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said in a securities filing that fourth-quarter unit revenue will

Jerome Powell, chairman of the US Federal Reserve, right, speaks during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024.  Yuki Iwamura | Bloomberg | Getty Images NEW YORK — Federal Reserve Chair Jerome Powell said Wednesday he isn’t worried President-elect Donald Trump will

The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas.  Brandon Bell | Getty Images Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft

BlackRock expects infrastructure and cybersecurity plays to shine in 2025. Jay Jacobs, the firm’s U.S. head of thematic and active ETFs, cites the artificial intelligence boom as a major catalyst. “It’s still very early in the AI adoption cycle,” he told CNBC’s “ETF Edge” this week. According to Jacobs, AI companies need to build out

BATON ROUGE, LOUISIANA – NOVEMBER 9: Flau’jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images) Reagan Cotton/lsu | University Images | Getty Images Flau’jae Johnson has a lot

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing. Source: NYPD UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company. But Thompson’s death this week in the heart of corporate America’s capital has sent

Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. The yoga pants company on Thursday beat Wall Street’s expectations on the top and bottom lines and said it’s “pleased” with the start to the holiday season. Still, on

A Comerica Bank sign on a building in Walnut Creek, California, March 30, 2023. Smith Collection/gado | Archive Photos | Getty Images The Consumer Financial Protection Bureau filed a complaint Friday against Comerica Bank, accusing the regional bank of failing to administer a federal benefits program that uses prepaid debit cards. The lawsuit claims Comerica

Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care. The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion,

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023.  Bloomberg | Bloomberg | Getty Images Divided between two takeover courtships, UniCredit‘s Andrea Orcel still has room to sweeten his bid for Italy’s Banco BPM, analysts say, while political turmoil stalls a deal with Germany’s Commerzbank.  Once a key architect

Say hello to life at the mall.  The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Some U.S. developers are knocking down department stores like Macy’s or JCPenney and

Morsa Images | Digitalvision | Getty Images Companies can now offer their workers a “match” on their student loan payments in the form of a contribution to their 401(k) plan — and a small but growing number of employers are taking advantage of the option. Traditionally, companies have only paid a 401(k) match to workers