CNBC Business

Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.

The company's initial public offering coincides with a strong rebound in cruise bookings.

The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management. 

CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.

The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.

Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season.

Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.

CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

Across all regions, Starbucks reported shrinking same-store sales and falling traffic.

KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.

Dealership employees, who are employed outside Ford by dealers, are crucial for the company's sales, performance and customer engagement and satisfaction.

NBC Sports can license the rights to John Tesh's famous "Roundball Rock" theme song if it secures a new NBA media package, Tesh said in an e-mail.

The agency sent letters to Novo Nordisk, AstraZeneca, Boehringer Ingelheim, Covis Pharma, GlaxoSmithKline, Novartis, Teva Pharmaceuticals, among others.

McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.

One of the largest entertainment operators in the country, Dave & Buster's, will allow its loyalty customers to compete against one another on its app.

The nation's largest grocer sees room to build on its inflation-fueled grocery gains.

Zepbound reported $517.4 million in sales for the quarter, even as most doses of the drug slipped into shortages in the U.S.

Walmart said clinics are not a sustainable business model due to a challenging reimbursement environment for primary care and increasing operating costs.

It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.

Shares of Coke have fallen 3.5% over the last year, dragging the company's market value down to $267 billion.