Red Lobster files for Chapter 11 bankruptcy protection
Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to shrink its footprint and find a buyer,…
Latest Business News, Market Trends & Corporate Insights
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JPMorgan CEO Jamie Dimon signals retirement is closer than ever
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace…
As their customers age, Macy’s, Kohl’s and Nordstrom are chasing younger shoppers
Signage of Macy’s, Kohl’s and Nordstrom retail stores.Getty ImagesDepartment stores are aging — and so are their customers.For more than…
Spirit Airlines gets rid of change and cancellation fees, joining Frontier
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb.…
Are consumers pulling back on spending? It depends on which CEO you ask
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty ImagesWith…
Are consumers pulling back on spending? It depends which CEO you ask
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty ImagesWith…
Media giants lean on sports as Hollywood strikes still loom over content slates
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas…
Mercedes-Benz workers in Alabama vote against UAW union membership
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama,…
Frontier Airlines does away with change fees in budget airline pricing overhaul
A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Feb. 27, 2020.Elizabeth Page Brumley |…
Boeing shareholders re-elect departing CEO Calhoun to board
Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark…
Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV…
‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the…
The NBA is picking its TV partners — and a deal hinges on Warner Bros. Discovery’s next move
NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at…
FDA approves Amgen’s treatment for most deadly form of lung cancer
The Amgen headquarters in Thousand Oaks, California.Eric Thayer | Bloomberg | Getty ImagesThe Food and Drug Administration on Thursday approved…
Canada Goose jumps 16% after the company reports growth surge in China
Chris So | Toronto Star | Getty ImagesShares of Canada Goose surged 16% on Thursday after the company reported earnings…
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air…
Under Armour is laying off workers as retailer says North America sales will plunge this year
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged…
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer…
The NBA is picking its next TV partners — and a deal hinges on Warner Bros. Discovery’s next move
NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at…
United Airlines says FAA cleared it to start adding new aircraft, routes after safety review
A United Airlines 737 Max 8Leslie Josephs | CNBCUnited Airlines said the Federal Aviation Administration has cleared it to start…
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