Top Business News
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Starbucks stock falls as sales disappoint, turnaround pressures earnings
Source: CNBC
Shares of Starbucks have fallen 8% this year, as investors worry about tariffs and how they will affect consumer spending.
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Oddity Tech soars 15% after it raises outlook despite tariff threat
Source: CNBC
Il Makiage owner Oddity Tech saw another quarter of outsized growth, leading it to raise its guidance even as the threat of tariffs swirl.
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Trump signs order easing some auto tariffs
Source: CNBC
The measures Tuesday aim to reduce the overall tariff level on vehicle imports that had resulted from separate levies "stacking" on top of one another.
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Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D
Source: CNBC
It comes as drugmakers brace for Trump's levies on pharmaceuticals imported into the U.S. – his administration's bid to boost manufacturing in the country.
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General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
Source: CNBC
GM beat expectations but is reassessing its 2025 guidance and suspending any additional stock buybacks amid expected cost increases and industry uncertainty.
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Novo Nordisk opens weight loss drug Wegovy to telehealth; Hims & Hers shares rocket 23%
Source: CNBC
Novo Nordisk is racing to capture more patients now that many compounding pharmacies are restricted from making Wegovy copycats, with rare exceptions.
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Pfizer expands cost cuts, tops quarterly profit estimates even as sales fall
Source: CNBC
Pfizer maintained its 2025 guidance but noted it does not include any impact of tariffs or trade policy, "which we are unable to predict at this time."
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JetBlue to partner with another U.S. airline in the coming weeks, president says
Source: CNBC
JetBlue plans to partner with a U.S. carrier in the coming weeks.
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United Airlines grows highest-end Polaris airport lounge by 50% in battle for wealthy customers
Source: CNBC
United has been expanding its Polaris lounges in Chicago and Newark to fit more customers.
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SoFi CEO says fintech bank is bringing back crypto investing
Source: CNBC
SoFi was forced to drop crypto investing in late 2023 as part of becoming a regulated bank.
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Temu adds 'import charges' of about 145% after Trump tariffs, more than doubling price of many items
Source: CNBC
Temu, which sold customers on the ability to "shop like a billionaire" started adding "import charge" to orders in response to Trump's tariffs on China.
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Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee
Source: CNBC
Executive Branch held a launch party that included members of President Donald Trump's administration as well as wealthy CEOs, tech founders and policy experts.
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NFL's Washington Commanders return to D.C. in $3.7 billion stadium deal
Source: CNBC
The Washington Commanders will return to the District of Columbia and redevelop their former RFK Stadium campus, the team announced.
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Wealthy consumers upped their spending last quarter, while the rest of America is cutting back
Source: CNBC
American Express and JPMorgan Chase, both of which cater to wealthier users with higher credit scores, saw spending increase to start 2025.
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Corporate sponsors are backing away from LGBTQ+ Pride organizations
Source: CNBC
Companies that were once loud and proud in sponsoring LGBTQ+ community celebrations are pulling back their funds amid an uncertain time for Pride organizations.