Tag: Breaking News: Business
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UPS to invest $48 million in temperature-controlled facilities amid healthcare boom
UPS is announcing a new investment in healthcare logistics as demand for the temperature-controlled category booms, CNBC has learned exclusively.
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Pixar’s ‘Toy Story 5’ lassos biggest opening weekend in franchise history with $160 million haul
Disney and Pixar’s “Toy Story 5” tallied $160 million domestically during its opening weekend, the highest debut in franchise history.
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Iran reportedly closes Strait of Hormuz again, casting shadow over nuclear talks
Iran’s joint military command said the closure was in response to continued Israeli military operations in Lebanon.
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SNAP restrictions could change what shoppers buy — and food giants are watching
SNAP food restrictions are spreading to more states, pressuring major food and beverage as consumers shift spending away from soda, candy and processed foods.
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The average SpaceX buyer post-IPO is almost under water after two-day slide
Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
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NBA to name winning bids for Europe teams in the coming months, deputy commissioner says
The NBA plans to name winning bidders for 12 permanent European teams in the next 60 to 90 days, Deputy Commissioner Mark Tatum told CNBC.
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Why this year’s World Cup is happening at the perfect time for struggling Nike
The World Cup might be the boost Nike needs to jumpstart its business.
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Hollister partners with Target to tap into $89 billion back-to-college shopping market
Hollister’s partnership with Target comes as both companies look to capitalize on the lucrative back-to-college shopping market.
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Nearly 80% of data center capacity is at elevated risk to climate hazards like flooding and fire, study says
The vast majority of data centers globally face either acute risk from climate change events or chronic risk from ongoing climate issues like extreme heat.
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Jeffrey Gundlach says Fed’s Warsh is not going to be the ‘easy money’ chairman many hoped for
Gundlach said Warsh’s stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.
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