Chipotle shares rise on better-than-expected earnings, CEO says chain is 'fortunate' it can raise prices
The burrito chain is facing higher costs for labor and ingredients, but price hikes helped offset their impact.
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Return-to-office will boost demand for personal care products in the spring and summer, Edgewell CEO says
"We're optimistic for the balance of the year," Edgewell Personal Care CEO Rod Little told CNBC on Tuesday, as the company's stock sold off post-earnings.
Pfizer expects $54 billion in 2022 sales on Covid vaccine and treatment pill
Pfizer expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid.
Facebook market cap falls below $600 billion — which could actually help it dodge new antitrust scrutiny
The milestone points to one of the challenges of crafting laws that target the tech industry.
House passes short-term government funding bill that would prevent shutdown, sends it to Senate
The Senate plans to pass the temporary government funding bill before a Feb. 18 deadline to prevent a shutdown.
Senate GOP leader Mitch McConnell rips RNC for censuring Cheney, Kinzinger over probe of pro-Trump Capitol riot
Jan. 6 was "a violent insurrection," McConnell said, pushing back on the RNC description of that day's events as "legitimate political discourse."
Alfa Romeo unveils new electric-hybrid SUV with NFT, blockchain technology
The Italian automaker's new subcompact Tonale SUV will include a NFT and based on blockchain technology, the company said Tuesday.
Los Angeles Dodgers pitcher Trevor Bauer won't be charged in sexual assault case, MLB probe continues
The L.A. District Attorney's Office had been probing the woman's claims against Dodgers pitcher Trevor Bauer, which were made last summer.
Lyft posts revenue beat but falls short on riders
Lyft reported 18.73 million active riders in the last quarter of 2021.
Facebook falls behind Nvidia in market cap and is now eighth most valuable U.S. company
Facebook parent Meta has been falling since reporting fourth-quarter earnings last week, warning about challenges with Apple and declining users.
U.S. Army's first climate plan calls to slash emissions and build electric vehicle fleet
The Department of Defense has warned that climate change poses a threat to U.S. military operations and will cause new sources of global political conflict.
Meet Peloton's new CEO, Barry McCarthy
Former Spotify CFO Barry McCarthy is replacing Peloton co-founder John Foley as chief executive officer.
GM shares tumble after Morgan Stanley downgrades stock on EVs, 2022 guidance
The downgrade was due to GM's 2022 guidance being "well below" Morgan Stanley's forecast as well as concerns over the pace of the automaker's EV transition.
10-year Treasury yield hits 1.96% with inflation data in focus
The 10-year U.S. Treasury yield briefly topped 1.96% on Tuesday morning, with investors focused on inflation data due out later in the week.
Pfizer CEO says chances are 'very high' FDA will approve low-dose Covid shots for kids under 5
"I think the chances are very high FDA to approve it," Bourla told CNBC, saying he believes the agency will be pleased with the data.
Johnson & Johnson plant pauses Covid vaccine production, report says
The only Johnson & Johnson facility making usable batches of the company's Covid vaccine has temporarily halted its production, The New York Times reported.
Apple to double sick days, boost other benefits for retail workers in U.S.
The move indicates that Apple is making changes to attract and retain hourly workers for its retail stores in a tight labor market.
Investigations, scandals and executive upheaval drag down shares of SPAC-backed EV start-ups
Most EV start-ups that went public through SPAC deals have performed horribly in 2022 – falling by double-digits and trading at or near 52 week lows.
Feds seize $3.6 billion in bitcoin stolen from Bitfinex hack
It marks the agency's largest financial seizure ever, Deputy Attorney General Lisa Monaco said in a statement.
Consumer debt totals $15.6 trillion in 2021, a record-breaking increase
Total debt at the end of the year came to $15.6 trillion, an increase of $333 billion in the fourth quarter and just over $1 trillion for the year.
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