Business

NEW YORK, NEW YORK – MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images) Steven Ferdman | Getty Images Entertainment | Getty Images Wells Fargo said Thursday

Copies of the Evening Standard outside the Bank of England in the City of London, after figures showed Britain’s economy slipped into a recession at the end of 2023.  Yui Mok | Pa Images | Getty Images LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial

Varda’s first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda’s small W-Series 1 capsule, or W-1, has been stuck in orbit since

Check out the companies making headlines in midday trading. Uber — Uber’s shares jumped 11%, climbing to a new 52-week high, after the ride-hailing company announced an inaugural $7 billion share repurchase authorization program. Uber also said it expects gross bookings growth to be in the mid to high-teens over the next three years. Lyft

Glen Powell and Sydney Sweeney star in Sony’s “Anyone But You.” Sony Released just before the crowded Christmas movie season, Sony’s “Anyone But You” seemed destined to be anything but a box-office hit — especially after it tallied just $6 million in ticket sales during its opening weekend. However, the film’s box-office success was as

Customers shop at an RC Willey home furnishings store in Draper, Utah, Aug. 28, 2023. George Frey/Bloomberg via Getty Images Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing the prices decline instead of rise. Deflation has largely occurred among physical goods

CHICAGO, ILLINOIS – JANUARY 24: American Airlines workers picket at O’Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants (APFA), were picketing to demand better working conditions as their contract negotiations continue. (Photo by Scott Olson/Getty Images) Scott Olson | Getty Images

People shop at a home improvement store in Brooklyn on Jan. 25, 2024. Spencer Platt | Getty Images News | Getty Images Inflation declined in January and consumers’ buying power rose as price pressures for U.S. goods and services continued to ease. The consumer price index, a key inflation gauge, rose 3.1% in January relative

Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna Moneymaker | Getty Images A federal judge on Monday dismissed a lawsuit brought by a major pharmaceutical industry lobbying group and two other organizations that challenged

The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that’s costing Americans billions of dollars every year: online romance scams. These digital crimes have proliferated since the pandemic, as criminals pose as attractive partners and reach out to lonely Americans on social media. “We

Tiger Woods at the practice range on April 5, 2022, before the start of the 2022 Masters at Augusta National Golf Club in Augusta, Georgia. Brian Spurlock | Icon Sportswire | Getty Images Tiger Woods and TaylorMade have made it official. The golf great has agreed to create a new apparel and footwear performance and

Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds clients, including many who traded through the dot-com boom and subsequent collapse, are more worried about being underinvested than overexposed right now. “That’s the first time that’s happened since 2021 for us,” the firm’s senior

A JetBlue Airways plane prepares to depart New York’s LaGuardia Airport. Leslie Josephs | CNBC In the 24 years since JetBlue Airways‘ first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it’s trying to get back to basics. JetBlue was a pioneer

Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm. Revolut British financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans — and among

Jakub Porzycki | Nurphoto | Getty Images Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run. The company, owned by PDD Holdings, skyrocketed to prominence last year after

A passenger tries out a pair of Rokid AR glasses on a Hainan Airlines flight in China. Rokid BEIJING — Hainan Airlines this week started letting passengers on some routes use Rokid’s augmented reality glasses for free for in-flight entertainment, the tech startup announced Thursday. Chinese start-up Rokid claimed it’s the first time AR glasses

Amtrak trains travel through Washington, DC, on September 15, 2022. Stefani Reynolds | AFP | Getty Images As domestic travel rebounds from pandemic lows and prices soar, some travelers opting for trains over planes. For many, the tradeoffs are simple: Trains are often cheaper, provide more leg room and are better for the environment than

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024.  Brendan Mcdermid | Reuters Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to soothe skittish investors. But one of the most crucial resources

Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters The insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the injectable treatments.  The dominant weight loss drugmakers, Novo Nordisk and Eli Lilly, have said

Sturti | E+ | Getty Images Leaks aren’t just a problem for pipes. Billions of dollars a year drip from the U.S. retirement system when investors cash out their 401(k) plan accounts, potentially crippling their odds of growing an adequate nest egg. The issue largely affects job switchers — especially those with small accounts —