CNBC Business

Faced with weakening demand, price-sensitive consumers and easing inflation, some sectors are now forced to grow profits without the tailwind of price hikes.

SpaceX this year launched 96 successful missions with its Falcon series of rockets, topping its previous annual record of 61 orbital launches in 2022.

Terms of the deal were not officially disclosed, but a person familiar with the matter told CNBC it is structured as a so-called "earn out" deal.

Boeing recommended the inspections after "an international operator discovered a bolt with a missing nut," the FAA said in a statement Thursday.

The average rate on the 30-year fixed mortgage soared over 8% in mid-October but then dropped sharply to 7.5% in the first week of November.

Next year could set the precedent for the Inflation Reduction Act's controversial talks, which could affect dozens of medications by the end of the decade.

From big blockbusters to independent, shoestring-budget indies, the 2023 box office saw great improvements over last year.

With $18.15 million at the box office, Warner Bros.' "The Color Purple" had the highest Christmas Day opening since 2009 and second-highest of all time.

Home prices rose 4.8% nationally in October compared with October 2022, according to the S&P CoreLogic Case-Shiller home price index.

Media companies could end up embracing more bundles as they seek to reverse streaming losses.

"Aquaman and the Lost Kingdom" collected an estimated $28.1 million during its domestic opening, the fourth-lowest debut for a DC Extended Universe film.

Disney's animation studios have struggled to generate box-office returns recently while Universal's Illumination and DreamWorks studios continue to deliver.

Nike lowered its revenue outlook for the fiscal year and unveiled a plan to cut $2 billion in costs.

Bristol Myers Squibb said it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash.

The health-care sector has seen a big rebound this month, and analysts say some beaten-down names will continue to have positive momentum in 2024.

Nike said the plan will cost between $400 million and $450 million in pretax restructuring charges that will largely come to fruition in the current quarter.

Boeing hasn't delivered an aircraft from its factories directly to a Chinese airline since 2019.

Gorman won praise for managing the CEO succession process at Morgan Stanley.

Hometown International once was valued at $100 million on the stock market despite owning a tiny, money-losing deli in New Jersey.

It's the third annual anonymous media predictions list: 13 media, sports and entertainment executives make their best 2024 industry-shaking predictions.