CNBC Business

Analysts say eroding pricing power, labor concerns and challenges in producing EVs will make it harder for GM to perform at the same profitability levels.

Gap will lay off 1,800 employees in roles at headquarters and in leadership positions in a cost-cutting move the retailer said will save it $300 million.

The company reported adjusted earnings of $1.62, which missed analyst expectations of $1.73 for the quarter.

Despite the drop in molnupiravir sales, Merck's revenue and adjusted earnings for the first quarter beat Wall Street's expectations.

Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.

Several Chinese EV makers are key early customers for Mobileye's newest and most advanced driver-assist system.

Paramount Pictures' president of domestic distribution spoke Thursday about focusing on the long-term health of the movie business.

Southwest Airlines lost $159 million in the first quarter as the financial impact of its holiday meltdown stretched well into 2023.

Hasbro, Mattel and other toy stocks rallied on Thursday after mixed earnings reports from the two rival toymakers.

Despite stock market volatility, rising mortgage rates, layoffs in tech and finance and fears of recession, the wealthy are still bidding and buying.

Southwest expects to receive only 70 Boeing 737 Max planes this year, down from 90.

Eli Lilly plans to complete its application for FDA approval of tirzepatide in the coming weeks and expects regulatory action as early as later this year.

The SAFE Banking Act, legislation aimed at freeing up banking services for the cannabis industry, stalled in last year's congress.

Tucker Carlson broke his silence in a video on Twitter two days after he was fired from his prime-time post on Fox News.

For the second quarter of the year, American Airlines forecast adjusted per-share earnings at the high end of analysts' expectations.

The TICKET Act from Sens. Cantwell and Cruz outlines a comprehensive series of requirements for primary and secondary ticketing vendors to disclose fees.

The company will use AI-based molecule discovery, a common tool in pharmaceutical drug development, to target cosmetics pain points like hair loss and aging.

CEO Francis deSouza said San Diego-based Illumina can significantly expand the market for Grail's early cancer screening test.

The charge resulted in a year-over-year decline in first-quarter profits, the rail company said.

The potential First Republic rescue plan is the latest twist in a saga sparked by the sudden collapse of Silicon Valley Bank last month.