President Donald Trump is expressing some regret over one decision at the Federal Reserve. Although Trump did not mention chair Jerome Powell by name, the president suggested in an upcoming interview on Fox Business on Tuesday that he wished he had not nominated him to lead the central bank in 2017. Former President Joe Biden…
Updated Feb. 10, 2026, 3:00 p.m. ET Ohio billionaire Les Wexner’s name was initially redacted in some recently released Jeffrey Epstein files. The Department of Justice un-redacted Wexner’s name, stating it already appears thousands of times in the documents. Wexner’s representatives maintain he was unaware of Epstein’s crimes and cooperated with investigators. Correction: A previous…
Elon Musk unveils the SpaceX Dragon 2, a spacecraft, in 2014. (Photo by Kevork Djansezian) Last week, Elon Musk announced plans to merge xAI and SpaceX, a move that did not attract much political attention despite the intense levels of interest in arguing about both antitrust policy and Elon Musk. At the same time, SpaceX…
The first four months of fiscal year 2026 got off to an expensive start for the U.S., according to the latest estimates from the Congressional Budget Office (CBO) . The CBO released a report yesterday detailing that, for the first third of FY26 (which began in October), the U.S. government operated at a deficit, and…
Feb 10 (Reuters) – CVS Health reported a decline in fourth-quarter profit on Tuesday but beat Wall Street estimates, helped by strength in its pharmacy benefit unit and strong prescription volume at its retail pharmacies. CVS said adjusted quarterly profit fell to $1.09 per share from $1.19, above analysts’ average estimate of 99 cents per…
Update: The free McDonald’s McNugget caviar kits that launched exclusively online at 11 a.m. ET were no longer available within minutes of the launch. McDonald’s is hopping on a viral food trend by offering up a free McNugget Caviar kit exclusively online today. That’s right — chicken McNuggets topped with caviar. “The crispy, golden goodness…
Paramount has upped its offer for Warner Bros. Discovery with a fee for shareholders and a promise to pay a $2.8 billion termination fee. Per a filing Tuesday, Paramount will continue to offer $30 a share to acquire Warner Bros. Discovery, but will now add a $0.25 per share “ticking fee,” which it will pay…
Novo Nordisk referenced the FDA’s concerns in its lawsuit announcement on Monday, saying Hims & Hers’ compounded drugs “may contain dangerous impurities or incorrect amounts of active ingredients, which can result in life-threatening immune responses”.
Global Unit Case Volume Grew 1% for the Quarter and was Even for the Full Year Net Revenues Grew 2% for the Quarter and 2% for the Full Year; Organic Revenues (Non-GAAP) Grew 5% for the Quarter and 5% for the Full Year Operating Income Declined 32% for the Quarter and Grew 38% for the…
NJ Transit and Amtrak riders faced major delays into and out of Manhattan’s Penn Station throughout Monday, including during the morning rush hour, according to both transit agencies. NJ Transit said rail service was suspended for roughly two hours on Monday morning on its Northeast Corridor Line between the station and Trenton due to “Amtrak…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. French…
Washington — The US economy’s engine may be starting to sputter, as Americans’ paychecks lose steam and their debt becomes even more unwieldy, new data showed Tuesday. Retail sales were unexpectedly flat in the crucial holiday month of December, the Commerce Department said, well below the 0.4% gain economists predicted in a FactSet poll. By…
(The Center Square) – The U.S. government added $696 billion to the national debt over the past four months, borrowing $94 billion in the month of January alone, the Congressional Budget Office reports. The number further heightens the risk that America will experience some kind of financial crisis unless deficits are tamed, president of the…
WASHINGTON — A little more than a year after dismissing the moon as a “distraction,” Elon Musk says SpaceX will focus on lunar settlement before sending humans to Mars. In a social media post Feb. 8, Musk said SpaceX was deferring its long-held ambitions of establishing a permanent human presence on Mars, instead devoting resources…
COPENHAGEN, Denmark — Novo Nordisk sued Hims and Hers Health on Monday over alleged patent infringement after the U.S. telehealth firm launched, then canceled, a $49 copy of Novo’s weight-loss pill Wegovy following a swift backlash from U.S. authorities. Novo’s shares rose 5%, while Hims sank 20%. Shares of Novo and rival Eli Lilly had…
It’s no secret that it was a huge weekend in California, with Super Bowl LX taking place this weekend. Two teams, the Seattle Seahawks and New England Patriots, battled it out at Levi’s Stadium to take home the crown. As you’d expect, the huge sporting event attracted many A-listers, but their appearances at the game…
The most seductive narrative in American work culture right now isn’t that AI will take your job. It’s that AI will save you from it. That’s the version the industry has spent the last three years selling to millions of nervous people who are eager to buy it. Yes, some white-collar jobs will disappear. But…
In this article SHEL-GB EQNR-NO BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images British oil giant BP on Tuesday posted fourth-quarter profit in line with expectations and suspended share buybacks, seeking to shore up its balance sheet as lower…
In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks by a CVS store in Greenbrae, California, on July 31, 2025. Justin Sullivan | Getty Images CVS Health on Tuesday reported fourth-quarter earnings and revenue that beat estimates and reaffirmed the 2026 profit guidance that impressed investors, signaling steady progress in the…
In this article KER-FR MC-FR OR-FR Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at a GUCCI luxury store in Shanghai, China. Cfoto | Future Publishing | Getty Images Kering said it expects a return to growth this year even as it posted another quarter of sales declines on Tuesday, with its biggest sales driver,…
In this article KO Follow your favorite stocksCREATE FREE ACCOUNT Coca-Cola on Tuesday reported weaker-than-expected quarterly revenue, falling short of Wall Street’s projections for the first time in five years. However, demand for its drinks in North America and Latin America is beginning to show signs of improvement. Looking ahead to 2026, the company is…
The crypto wipeout that vaporized $1 trillion in market value over the past three months has afflicted all corners of the industry—including the numerous crypto ventures tied to President Donald Trump’s family. But while the family’s portfolio is down across the board, some assets have been hit harder than others. Since Oct. 10, when the…
Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54. The Food and Drug Administration…
The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements in one such trial in Los Angeles County Superior Court began on Monday. Instagram’s parent company Meta and Google’s YouTube face claims that their platforms deliberately addict…
Eddie Bauer LLC filed for Chapter 11 bankruptcy protection on Monday and hopes to sell about 200 of its namesake outdoor sportswear stores in the United States and Canada, citing declining sales and supply chain challenges. The company said its financial headwinds were exacerbated by the Trump administration’s uncertain tariff policies and inflation, among other…
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American Airlines previously reached a new contract agreement with flight attendants in July of 2024, after a long negotiation process beginning in 2019. FORT WORTH, Texas — The Association of Professional Flight Attendants has issued a no-confidence vote against American Airlines CEO Robert Isom. The board of directors, which represents American Airlines flight attendants, announced…
YouTube is splitting YouTube TV into a selection of tailored YouTube TV Plans, allowing subscribers to pay less for a smaller selection of channels. “TV should be easy,” reads the blog post announcing the change. There are 10+ new plans across Sports, News, Entertainment, and Family, at prices that are $11 to $28 below the…
Bitcoin’s BTC$66,792.52 rebound from last week’s selloff is already running into a wall. After briefly sliding into the low-$60,000s in a capitulation-style move last week, the largest cryptocurrency snapped back toward the $70,000 level over the weekend but momentum has since faded. STORY CONTINUES BELOW That stall has traders re-framing the bounce as a classic…
(Bloomberg) — The relentless surge in memory chip prices over the past few months has driven a vast divide between winners and losers in the stock market, and investors don’t see any end in sight. Companies from game console maker Nintendo Co. to big PC brands and Apple Inc. suppliers are seeing shares slump on…
Taiwan Semiconductor Manufacturing Company’s logo is seen in the background beside a printed circuit board. Sopa Images | Lightrocket | Getty Images Taiwan has told Washington that its proposal to move 40% of the island’s semiconductor supply chain to the U.S. was “impossible,” Taipei’s top tariff trade negotiator said in an interview. Speaking on a…
In a move that marketing professor Scott Galloway is calling a “seminal moment” in the AI wars, Anthropic used a Super Bowl commercial to take a direct shot at market leader OpenAI, successfully getting under the skin of CEO Sam Altman. The advertisement, which claims, “Ads are coming to AI, but not to Claude,” capitalizes…
Badalich confirmed that Discord is bracing for some users to leave Discord over the update but suggested that “we’ll find other ways to bring users back.” On Reddit, Discord users complained that age verification is easy to bypass, forcing adults to share sensitive information without keeping kids away from harmful content. In Australia, where Discord’s…