CNBC Business

The hedge fund said it was seeking a deal to "enhance shareholder value" that could include an acquisition or merger, according to the filing.

The Federal Trade Commission is launching an investigation into whether mergers in the baby formula industry contributed to the current shortage.

If consumers don't want to wait for a new EV, some models may be easier to find than others, according to industry data compiled by CNBC.

Carlos Tavares expects a shortage of electric vehicle batteries by 2024-2025, followed by a lack of raw materials by 2027-2028.

These are the stocks posting the largest moves in extended trading.

"Respiratory spread is not the predominant worry. It is contact and intimate contact in the current outbreak setting and population," a CDC official said.

CEO Erik Nordstrom said the company has been able to capitalize on demand from people who are shopping for "long-awaited occasions."

Abercrombie & Fitch slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year.

Best Buy's revenue beat Wall Street's revenue estimates for the fiscal first quarter.

These are the stocks posting the largest moves in midday trading.

The Walmart, Target inventory misses and markdowns could just be a signal the consumer is shifting from goods to services, or a more ominous inflation warning.

Carnival is in preliminary discussions to sell its Seabourn luxury cruise brand to the Saudi sovereign wealth fund, sources say.

Stellantis plans to invest more than $2.5 billion with Samsung SDI to build the automaker's first U.S. electric vehicle battery manufacturing facility.

Starting June 1, a selection of Allbirds shoes, including its signature wool sneakers, will be available for sale in 14 Nordstrom locations.

The NFL and Pepsi officially renewed their 40-year relationship, but Super Bowl halftime rights are going back on the market.

The Atlantic season has experienced a growing number of destructive, rapidly intensifying hurricanes over the past several decades.

The Navy's climate strategy directs the service to achieve a 65% reduction in greenhouse gases by 2030 and net-zero emissions by 2050.

As summer heats up, you may be eager to book your next getaway. But before you commit to renting a property, be sure to double check it's not a scam.

BlackRock CEO Larry Fink has caught heat from GOP Sen. Ted Cruz over making investment decisions and votes based on climate change and other social concerns.

Former White House press secretary Jen Psaki will join MSNBC this fall in time for the 2022 midterm elections, NBCUniversal confirmed.