Former Macy's CEO says retailers welcome rising prices on apparel after stagnant decade
Terry Lundgren, who led Macy's for more than a decade, said on CNBC that rising clothing prices won't change the consumer's mind amid pent-up demand.
CNBC US News
Rivian delays won’t affect production of electric delivery vans for Amazon
Rivian is delaying deliveries of the R1T pickup until September and the R1S SUV, the company confirmed to CNBC.
10-year Treasury yield hovers near 1.3% after better-than-expected retail sales data
U.S. Treasury yields rose on Friday morning, after Fed Chairman Jerome Powell acknowledged in a Senate testimony that inflation was "well above target."
Virginia Gov. Northam announces $700 million plan for universal broadband by 2024
Warner positioned the initiative as an opportunity for Virginia, recently ranked the top state for business by CNBC, to attract more jobs to the state.
How Senate Democrats' $3.5 trillion budget addresses climate change
President Joe Biden and Senate Democrats' $3.5 trillion budget resolution framework would fund a clean energy transition and policies to combat climate change.
Matt Gaetz's campaign paid $20,000 to Trump crony Roger Stone's company, which the DOJ is suing
Rep. Matt Gaetz's campaign paid $20,000 to a company that the DOJ alleges has been used by Trump crony Roger Stone to avoid paying taxes, an FEC filing shows.
Impossible Foods plans to release meatless chicken nuggets this fall
Impossible Foods is planning to release a meat-free chicken nugget this fall.
Serena Williams invests in rent-reporting fintech Esusu
Tennis superstar Serena Williams has invested an undisclosed amount in Esusu, a start-up with a mission to boost credit scores of underserved populations.
These 10 states are America's worst places to live in 2021
Health care and inclusiveness are rising as factors to be ranked a top U.S. state to live and work in.
Dr. Scott Gottlieb says U.S. is ‘vastly underestimating’ level of Covid delta spread
Former FDA chief Dr. Scott Gottlieb told CNBC he expects further spread of the Covid delta variant, which is "clearly far more contagious" than earlier strains.
Lordstown Motors confirms DOJ probe into SPAC deal and preorders
Lordstown Motors said it has "cooperated, and will continue to cooperate, with these and any other regulatory or governmental investigations and inquiries."
Soccer players slam Facebook and Twitter's response to racist abuse
Soccer stars of past and present believe social media companies need to up their game when it comes to tackling racist abuse on their platforms.
How shipping behemoth Maersk is navigating the global container crisis
Maersk announced in May its first-quarter revenue was $12.4 billion.
These 10 states are America's best places to live in 2021
After a year of the pandemic, social upheaval and mass remote work, these ten states are America's best places to live.
Yellen sees 'several more months of rapid inflation' before easing, worries about housing impact
Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.
Ford, VW offer test drives of new EVs at Chicago Auto Show to drive sales of Mach-E and ID.4
Automakers are offering test drives and rides in new electric vehicles, which auto executives believe is a key first step to mass adoption of EVs.
Cuomo raised over $2 million with the help of New York business leaders as he was accused of sexual harassment
Even with all the controversy surrounding the New York governor, many members of the business community seemed to rally around Andrew Cuomo.
Biden and Merkel warn Russia cannot use Nord Stream gas pipeline as weapon against Ukraine
President Joe Biden and German Chancellor Angela Merkel delivered remarks at the White House on Thursday in what is likely to be her last visit to Washington.
Some portion of the U.S. population will get booster shots, Dr. Scott Gottlieb says
Dr. Scott Gottlieb explains why he predicts that the U.S. will be giving Covid booster shots to a portion of the population.
Top U.S. Gen. Mark Milley feared Trump would attempt a coup after his loss to Biden, new book says
"If I was going to do a coup, one of the last people I would want to do it with is General Mark Milley," Trump said in a statement.
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