Business

Procter & Gamble on Friday reported quarterlyearningsand revenue that topped analysts’ expectations, as volume for its products grew for the first time in a year. But looking ahead, executives warned about uncertainty caused by the war with Iran, like the effects on the company’s input costs and consumer spending. P&G will not provide a forecast

Ryan Mckeever | E+ | Getty Images Move over, Sephora kids. While younger generations have been buying beauty products in droves, data shows that a different generation holds more spending power: Generation X. Often dubbed the “forgotten generation,” Gen X spans those born between 1965 and 1980, according to Pew Research Center. Sandwiched between baby

Spirit Airlines‘ future is hanging in the balance over the next week as President Donald Trump said the government could bail out the airline, as the struggling discount carrier‘s lenders assess a potential deal. “We’re thinking about doing it, helping them out, meaning bailing them out, or buying it,” Trump told reporters in the Oval

WEEHAWKEN, NJ – OCTOBER 5: The sun rises behind buildings along Billionaire’s Row in New York City on October 5, 2025, as seen from Weehawken, New Jersey. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank,

FILE PHOTO: Psilocybin or “magic mushrooms” are seen in an undated photo provided by the U.S. Drug Enforcement Agency in Washington, May 7, 2019. DEA | Reuters The U.S. Food and Drug Administration on Friday announced a series of measures aimed at accelerating the development of psychedelic treatments for serious mental illness. That comes after

Regeneron agreed to lower U.S. drug prices for some Americans as part of a deal with President Donald Trump, the White House said on Thursday. The biotech company will also offer the first hearing-loss gene therapy for free to eligible U.S. patients following regulatory approval of the product earlier Thursday. Regeneron is the latest in

Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. President Donald Trump later Thursday at the White House told reporters: “We’re thinking about doing it, helping them out, meaning bailing them out, or

People walk past a Nike store in New York City, on April 2, 2025. Kylie Cooper | Reuters Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department. In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s

France, Provence-Alpes-Cote d’Azur, French Riviera, Alpes-Maritimes, Principality of Monaco. Marco Bottigelli | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.Sign upto receive future editions, straight to your inbox. A million dollars isn’t what it used

The Trump administration moved Thursday to reclassify cannabis under federal law, which could significantly expand scientific research into the drug’s medical uses. The change would not legalize the drug at the federal level, but shift cannabis from its current status as a Schedule I substance to Schedule III under the U.S. Drug Enforcement Administration’s controlled

A customer inside a Starbucks coffee shop in Hercules, California, US, on Thursday, Sept. 25, 2025. David Paul Morris | Bloomberg | Getty Images Starbucks is seeing early signs that changes to its loyalty program are paying off as value-minded consumers take advantage of its rewards, CNBC has learned. Last month, the coffee chain brought

Heidi O’Neill, named new CEO of Lululemon effective Sept. 8th. Courtesy: Lululemon Lululemon on Wednesday named Heidi O’Neill as the athleisure company’s new CEO, effective Sept. 8. The news comes after the company has seen more than a year of disappointing performance and is embroiled in a dramatic proxy battle, with founder Chip Wilson criticizing

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. gestures as he speaks during an event at the Roosevelt Room of the White House in Washington, D.C., U.S., Dec. 19, 2025. Evelyn Hockstein | Reuters Health and Human Services Secretary Robert F. Kennedy Jr. on Wednesday said he would support a potential ban

On Jim Continenza’s first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake. The photography technology company was in the process of shutting down its acetate factory, which makes one of the key ingredients used

Chrysler and Dodge CEO Matt McAlear wants the world to know that the minivan is not dead. Far from it, he said, at the New York International Auto Show, where he showed off the latest version of the Pacifica Pinnacle, the highest-end trim of the brand’s sole product line. The Chrysler brand — once one