Economy

Apple CEO Tim Cook is seen at the Apple Worldwide Developers Conference on June 5, 2023, in Cupertino, California. Justin Sullivan | Getty Images All three major averages closed higher for the week, shrugging off Friday’s hotter than expected jobs report. The Dow Jones Industrial Average gained 0.7%, while the S&P 500 rose 1.5% and […]

Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developers conference at Shoreline Amphitheatre on May 10, 2023 in Mountain View, California. Justin Sullivan | Getty Images News | Getty ImagesShares of Alphabet are trading at their highest level since August on the heels of Google’s artificial intelligence announcements at its developer conference… […]

A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City.Spencer Platt | Getty ImagesThe U.S. public health emergency declared in response to Covid-19 comes to an end Thursday more than three years after the pandemic began.The Biden administration’s decision to end the emergency comes as deaths and hospitalizations… […]

Sunrise at Laguna Torre in Patagonia, Argentina.© Marco Bottigelli | Moment | Getty ImagesTravel in 2023 has been expensive. Indeed, some prices — like those for international flights — have hit record highs.Americans are unleashing their wanderlust en masse after a few years of pandemic-era trip delays, making for a busy — and likely costly… […]

Bowlero, the buzzy bowling company that was one of the few successful stocks to emerge from the SPAC boom, is the subject of a sprawling federal investigation into age discrimination and retaliation that authorities now want to settle for $60 million, CNBC has learned.Negotiations over the settlement, proposed by the U.S. Equal Employment Opportunity Commission… […]

(L-R) Richard A. Gonzalez, chairman and CEO of AbbVie Inc., Pascal Soriot, executive director and CEO of AstraZeneca, Giovanni Caforio, chairman of the board and CEO of Bristol-Myers Squibb Co., Jennifer Taubert, executive vice president and worldwide chairman of Janssen Pharmaceuticals, Johnson & Johnson, Kenneth C. Frazier, chairman and CEO of Merck & Co. Inc.,… […]

GameStop the video game retailer currently riding another wave of trading enthusiasm spurred on by the meme trader “Roaring Kitty,” showed no signs of an operational turnaround in its dismal fiscal first-quarter results. The company on Friday posted net sales of $881.8 million for the period, down 29% from $1.237 billion a year prior. The […]

Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale . The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto […]

Apple is behind on artificial intelligence. Now, the company is getting ready to unleash its first wave of user-facing AI products. And behind that push is John Giannandrea, a Silicon Valley veteran who is Apple’s top executive in charge of AI strategy. On Monday, Apple will hold its annual developers conference, called WWDC, where it’s […]

The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Episode | Getty Images Sweeping gains for Dutch nationalist Geert Wilders’ anti-immigration party on Thursday are expected to foretell a wider shift to the […]