Tag: Breaking News: Business
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Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike is streamlining its online business in China as the company looks to stabilize pricing and branding and get back to growth.
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RFK Jr. says cyclospora outbreak is ‘under control’
Health and Human Services Secretary Robert F. Kennedy Jr. on Tuesday said that the ongoing outbreak of cyclosporiasis is “under control” despite criticism.
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Bets against SpaceX grow to 32% of float as Elon Musk warns short sellers won’t survive
About 206 million SpaceX shares are now sold short, representing roughly 32% of the company’s publicly tradable float, according to S3.
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GM announces new gas-powered Cadillac vehicles amid EV pullback
GM CEO Mary Barra said Tuesday the next-generation Cadillacs will include new versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV.
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Wall Street is selling more rental homes, as buying ban takes effect
The largest landlords are all net sellers year-to-date, with 3,180 more homes sold than bought since Jan. 1.
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Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertising
Novo asked the court to permanently stop Lilly from running the “deceptive” ads and require the drugmaker to issue corrective advertising.
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
Wall Street analysts expect General Motors to report adjusted earnings per share of $3.20 and revenue of $47.01 billion.
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Time to buy Netflix? Here’s where Jim Cramer stands on the struggling streaming stock
CNBC’s Jim Cramer said Netflix’s sharp sell-off has made the stock more compelling, but investors shouldn’t rush in all at once.
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The FDA made a big reversal in its cyclosporiasis probe, but it still thinks iceberg lettuce is to blame
The FDA’s investigation into the source of the cyclosporiasis outbreak is causing confusion as companies and consumers alike navigate new updates.
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Paramount and Warner Bros. merger hit with temporary restraining order
A California judge granted a temporary restraining order as part of the lawsuit brought by state attorneys general due to antitrust concerns.
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