Business

A FedEx delivery van on May 27,2026 in London, England. Peter Dazeley | Getty Images FedEx on Tuesday reported earnings that beat Wall Street expectations on the top and bottom lines. The earnings report marked the last quarter that includes the company’s freight business, which spun off into a separate publicly traded company called FedEx

Brian Rolapp, CEO of the PGA TOUR, speaks, during an announcement of a new competitive model to the PGA TOUR, prior to Travelers Championship at TPC River Highlands on June 23, 2026 in Cromwell, Connecticut. Ben Jared | PGA Tour | Getty Images Golf fans are finally getting details on a new chapter for the

Brian Cornell, Executive Chairman of the Target Corporation. Anjali Sundaram | CNBC Target has promised investors that it’s pursuing an aggressive turnaround with a new CEO at the helm, but its longtime former top executive Brian Cornell still leads the retailer’s board of directors — and some major investors are signaling they’re hungry for change.

Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC Lucid Groupsaid Monday it is cutting its U.S. workforce by approximately 18% as part of a cost-savings plan. The all-electric vehicle maker said its plan would give it annualized cost savings of approximately $158 million.

United Parcel Service (UPS) trucks are parked at a UPS drop yard on Oct. 28, 2025 in Vernon, California. Mario Tama | Getty Images United Parcel Service is investing $48 million in 27 temperature‑controlled facilities as the industry sees a boom in healthcare logistics, CNBC has learned exclusively. The facilities, located across the Americas, Europe

The growing push to restrict Americans from using federal food aid to buy certain processed or sugary products is creating a new challenge for some of the biggest U.S. food and beverage companies. The U.S. Department of Agriculture as of May had approved food restriction waivers for Supplemental Nutrition Assistance Program benefits in 23 states,

Spend a day at Shanghai Disneyland and you wouldn’t know Chinese consumers are struggling. Wang Jiandong and his girlfriend Yan Xu said they have been skipping meals out and scrimping on day-to-day necessities so they could afford to enjoy the park. “We save in our daily lives so we can spend more on trips,” Wang

NBA Deputy Commissioner Mark Tatum speaks during the second round of the 2019 NBA Draft at the Barclays Center on June 20, 2019, in the Brooklyn borough of New York City. Sarah Stier | Getty Images The NBA plans to begin naming winning bidders for 12 permanent European teams in the next 60 to 90

The iconic Golden Gate Bridge and the stunning San Francisco skyline as seen from the Marin Headlands during the vibrant spring season. Dan Kurtzman | 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

Abercrombie & Fitch‘s Hollister is branching out of its apparel roots and partnering with Target to start selling home and dorm decor for the first time as both brands look to new categories to drive growth. The collaboration, dubbed The Hollister Collection at Target, will launch online, in most Target stores and select Hollister locations

A JetBlue Airlines plane lands near the Air Traffic Control tower at the Fort Lauderdale-Hollywood International Airport on Oct. 7, 2025 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways told CNBC on Wednesday that it will close its flight attendant base at Newark Liberty International Airport in New Jersey and tech operations

A view of a CarMax dealership on April 10, 2025, in Santa Rosa, California. Justin Sullivan | Getty Images Shares of CarMax fell 9% Wednesday after the company beat Wall Street’s quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company. Here’s how the company performed in its first fiscal

Carvana’s new vehicle franchise for Stellantis includes personalised displays and a vehicle “playground” for consumers for each of its core U.S. brands. Courtesy Carvana DALLAS — Carvana is aiming to bring its online strategy for selling used vehicles to sales of new cars and trucks. But don’t expect the company to actually sell you a

Thomas Fuller | SOPA Images | Lightrocket | Getty Images UniQure plans to seek FDA approval of its experimental gene therapy for Huntington’s disease, the company said Wednesday, months after previous agency leaders criticized the evidence backing the application. UniQure said the FDA in a recent meeting communicated that a three-year analysis from a Phase

LGBTQ+ consumers are shifting their brand loyalties based on companies’ diversity, equity and inclusion policies, according to new research from the Human Rights Campaign Foundation. The findings released Wednesday found that nearly 72% of LGBTQ+ consumers say they buy fewer products from companies they perceive as “reducing diversity and inclusion commitments.” Nearly 70% also said

The WNBA is expanding its footprint to CNBC. CNBC parent Versant announced Wednesday that the business news network will simulcast 11 WNBA games this season. The matchups will also air on Versant’s USA Network. Last September, Versant and the WNBA announced an 11-year media rights agreement that includes both regular-season and postseason games. As part