Lyft shares plunge 15% on weak second-quarter guidance
Lyft reported better-than-expected revenue for the first quarter, but the company's guidance spooked investors
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Used vehicle prices fell last month for the first time in 2023
Cox Automotive reported a 3% decline from March to April in its Manheim Used Vehicle Value Index.
CDC will have less data to track Covid and new variants after public health emergency ends
The U.S. has a fragmented health-care system where the authority to decide what disease data gets reported largely rests with corporations, not the CDC.
Why the inflows? A 'two-sided equation' for bank ETFs
Fallout from the ongoing banking crisis has weighed on the value of financial ETFs this year, but some investors continue to pile into the funds.
Kenvue CEO looks to brand, product innovation to drive growth after IPO
Kenvue CEO Thibaut Mongon said the spinoff's portfolio of brands, which includes Band-Aid, Tylenol and Neutrogena, has "ample opportunity" to grow.
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Nonfarm payrolls were expected to increase by 180,000 in April, according to Dow Jones.
Berkshire Hathaway is outperforming during turmoil, but Warren Buffett's favorite child Geico is in trouble
Geico, the crown jewel of Berkshire's insurance empire, has found itself in trouble recently after losing market share to its best competitor Progressive.
Salad chain Sweetgreen reports narrowing losses as it aims for profitability
The salad chain's traffic increased 2% during the quarter, helping boost same-store sales by 5%.
More than 250 business leaders back Julie Su for Labor secretary as nomination hangs in the balance
Julie Su's nomination for Labor secretary is up in the air, as some centrist Democrats have not yet backed her for the position.
CEO Tim Cook says layoffs are a 'last resort' and not something Apple is considering right now
Apple doesn't have plans for big layoffs, CEO Tim Cook told CNBC while discussing the company's earnings on Thursday.
Apple reports better-than-expected quarter driven by iPhone sales
Apple reported earnings after the bell. Here are the results.
CEO of fitness band maker Whoop mocks the demise of Amazon's Halo health device
Whoop CEO Will Ahmed said he views the demise of Halo as a win for his startup after alleging that Amazon copied it; Amazon strongly denies the allegations.
Struggling Lordstown Motors expects to end production of its EV pickup 'in the near future'
The comments come three days after the company said it may go bankrupt if a previously announced deal with contract manufacturer Foxconn falls through.
Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
J&J's consumer-health spinoff Kenvue jumps 22% in public market debut
Kenvue's debut is the biggest U.S. IPO since EV maker Rivian went public in 2021.
Russia and China would use debt default to portray U.S. as chaotic, intel chief warns
A sovereign default would weaken America's credibility abroad, Director of National Intelligence Avril Haines said.
Paramount Global shares fall over 28% after weak earnings report, dividend cut
Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Carl's Jr. and Hardee's to roll out A.I. drive-thru ordering nationwide
CKE Restaurants, the parent company of Carl's Jr. and Hardee's, is working to bring automated drive-thru ordering to its restaurants nationwide.
Virgin Islands issued subpoena to Google co-founder Larry Page in lawsuit against JPMorgan Chase over Jeffrey Epstein
The U.S. Virgin Islands is suing JPMorgan Chase for alleged complicity in sex trafficking by Jeffrey Epstein.
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