Adobe plunges 10% and has second-worst day in past decade on weak guidance
Adobe's guidance for its fiscal first quarter badly missed analysts' estimates, sending the stock down more than 10%.
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McDonald's claws back $105 million from fired CEO Easterbrook, accused of hiding relationships from board
McDonald's announced Thursday it has settled its lawsuit against former CEO Steve Easterbrook, clawing back his $105 million severance payment.
House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks: 'We're a free market economy'
Stock purchases by some senators since the pandemic sparked probes, but House Speaker Nancy Pelosi wants to continue allowing such investments for lawmakers.
Amazon elevates former Prime boss to oversee health efforts
Amazon has made clear its ambitions to grow its presence in the health-care industry, including launching an online pharmacy and telehealth services.
Consumer watchdog takes aim at buy now, pay later programs
The Consumer Financial Protection Bureau said it is opening an inquiry into popular buy now, pay later programs Affirm, Afterpay, Klarna, PayPal and Zip.
Thematic ETFs end 2021 on a sour note. Ways to manage your holdings
With nearly 100 thematic exchange-traded funds down 20% or more for the year, it may be time to tax-loss harvest, says ETF Action's Alex Shepard.
Weekly jobless claims total 206,000, higher than expected and above pandemic low
Initial filings for unemployment insurance totaled 206,000, above the 195,000 Dow Jones estimate and a gain of 18,000 from the previous week.
Regeneron developing antibodies to target omicron as current cocktail loses potency against variant
CEO Leonard Schleifer told CNBC Regeneron plans to conduct trials on the new antibodies in the first quarter of 2022.
H&R Block sues over Square's new name 'Block'
The tax preparation service seeks to keep Block from using the new name.
Why Georgia is becoming the new U.S. film production capital
In 2020, Georgia was home to an estimated 242 film productions that added $2.2 billion to the state's economy.
'We're heartbroken. We're overwhelmed' — U.S. hospitals grapple with delta outbreak as omicron takes root
Public health officials have warned for weeks that the U.S. would face another Covid wave due to the delta variant this winter.
Reddit files to go public
Reddit on Wednesday announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission to go public.
Airline CEOs explain flight cancellations to Congress after taking $54 billion in taxpayer aid
Airlines are now scrambling to hire workers after pushing tens of thousands of employees to take leaves of absence or buyouts during the Covid pandemic.
Democrats are unlikely to pass Biden's social spending plan this year — here's what it means
Opposition from Sen. Joe Manchin has made it unlikely the Build Back Better Act will pass the Senate this year, so Democrats may turn to a voting rights bill.
Fauci says Covid boosters work against omicron, no need for variant-specific third shot
A booster dose increases protection against symptomatic disease to 75%, Fauci.
WHO expects severe omicron cases, warns against treating variant as mild disease
We have to be really careful that there isn't a narrative out there that it's just a mild disease," said Maria Van Kerkhove, the WHO's Covid-19 technical lead.
Mortgage refinances fizzle as interest rates resume their climb
A mini refinance boom ended quickly after mortgage rates resumed their climb.
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Nov. 3.
Apple temporarily closes three stores in response to rising Covid rates
Apple Store employees will take Covid-19 tests before reopening
Fed will aggressively dial back its bond buying, sees three rate hikes next year
The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close.
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