CNBC - Business

AstraZeneca defends slow supplies to the EU, but says it ordered 3 months later than the UK

Wed, 27 Jan 2021 10:22:41 GMT

AstraZeneca has defended its delayed rollout of the coronavirus vaccine to the EU, but said the bloc had ordered later than others.

Walmart bets bigger on online grocery as it ramps up automated fulfillment at local stores

Wed, 27 Jan 2021 05:01:01 GMT

The big-box retailer has seen online grocery orders spike during the pandemic and it's trying to fend off competitors while keeping costs low.

Economy could open up by late spring if enough people get vaccinated, says Dr. Ashish Jha

Wed, 27 Jan 2021 01:30:45 GMT

Dr. Ashish Jha explains why he thinks that U.S. states could start making decisions about opening up businesses and economies earlier than predicted.

Walgreens taps Starbucks operating chief Roz Brewer as its next CEO

Wed, 27 Jan 2021 00:16:58 GMT

Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens Boots Alliance, the drugstore chain confirmed Tuesday.

Starbucks tops earnings estimates even as U.S. recovery hurt by Covid resurgence

Wed, 27 Jan 2021 00:06:39 GMT

Shares of Starbucks have risen 13% over the last year, giving the company a market value of $123 billion.

America's top-tier malls were resilient, but values are now crumbling, down 45% from 2016 ...

Tue, 26 Jan 2021 22:53:57 GMT

The real estate analytics firm Green Street estimates the values of so-called A-rated malls have tumbled about 45% from 2016 levels.

Department store chain Belk to file for Chapter 11 bankruptcy, private equity firm Sycamore to ...

Tue, 26 Jan 2021 22:40:38 GMT

The department store chain Belk announced it plans to file for Chapter 11 bankruptcy, marking the latest mall-based retailer to do so during the Covid pandemic.

Tilman Fertitta optimistic on U.S. economy post-Covid: 'This is going to be the Roaring Twenties'

Tue, 26 Jan 2021 22:07:13 GMT

"The consumer is coming back. I'm telling you, where we can do business, we are doing business," Tilman Fertitta told CNBC.

GameStop jumps another 50% above $100, but short sellers aren't backing down

Tue, 26 Jan 2021 19:07:20 GMT

Despite the massive squeezes, GameStop short sellers are doubling down on their bearish bets.

Target teams up with Levi's for exclusive collection of home goods and more

Tue, 26 Jan 2021 19:04:39 GMT

The big-box retailer has long used limited-time collections with beloved brands to drive sales and create buzz.

Axiom Space unveils two investors will fly on the first fully-private SpaceX crew mission to the ISS

Tue, 26 Jan 2021 18:38:26 GMT

Houston-based Axiom Space unveiled that real estate investor Larry Connor and Canadian investor Mark Pathy will launch on its mission with SpaceX next year.

Elon Musk blasts Jeff Bezos' Amazon, alleging effort to 'hamstring' SpaceX's Starlink satellite ...

Tue, 26 Jan 2021 18:19:11 GMT

Elon Musk's SpaceX and Jeff Bezos' Amazon are sparring in front of the FCC over the satellite internet projects Starlink and Project Kuiper.

Female-backed SPAC, Powered Brands, aims to create new beauty conglomerate after public listing

Tue, 26 Jan 2021 18:10:03 GMT

SPAC Powered Brands priced earlier this month, with the goal of creating a global conglomerate made up of sustainable and digitally focused beauty brands.

NFL star Michael Thomas is on a mission to teach others about money

Tue, 26 Jan 2021 17:41:00 GMT

A champion of social justice and financial literacy, football veteran Michael Thomas has been nominated for this year's Walter Payton NFL Man of the Year award.

UK's coronavirus death toll surpasses 100,000

Tue, 26 Jan 2021 17:37:01 GMT

Britain has been hit particularly hard by the pandemic that emerged in the country almost a year ago.

General Electric shares pop on better-than-expected industrial cash flow, rosy outlook

Tue, 26 Jan 2021 17:31:03 GMT

The conglomerate has paid down its debt during the pandemic and cut costs, including through layoffs in its aviation business.

Stocks making the biggest moves midday: GameStop, General Electric, DraftKings and more

Tue, 26 Jan 2021 17:23:40 GMT

These are the stocks posting the largest moves in midday trading.

Etsy shares jump after Elon Musk tweets he 'kinda loves' the e-commerce company

Tue, 26 Jan 2021 17:18:06 GMT

Also on Tuesday, Jefferies raised its 12-month price target on Etsy to a Street high of $245 per share.

3M CEO expects Covid demand for the company's N95 masks to be strong throughout 2021

Tue, 26 Jan 2021 17:04:32 GMT

"We see the demand, the need, from front-line health care workers and first responders. That's still our priority," 3M Chairman and CEO Mike Roman told CNBC.

FedEx Ground CEO Maier announces retirement, company's freight chief to fill top job

Tue, 26 Jan 2021 16:55:12 GMT

FedEx Ground CEO Henry Maier is set to retire after 35 years with FedEx and will be replaced with FedEx Freight CEO John Smith, the company said.