CNBC Business

Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first-quarter profit, sending shares surging.

Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, ditching long-running sales talks with several suitors.

Kohl's unexpectedly posted a profit and reaffirmed its full-year guidance.

Ron DeSantis is slated to launch his presidential campaign on Twitter during a conversation with Elon Musk, becoming Donald Trump's top rival.

After months of anticipation, Netflix began its password-sharing crackdown in the United States.

The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. The highest level since early March.

Nike CEO John Donahoe said during the inaugural CNBC CEO Council Summit it's important for corporations to fight for the values integral to their brands. 

Rick Rieder, a three-decade market veteran who oversees $2.4 trillion for BlackRock, is optimistic about the investment outlook despite debt ceiling impasse.

As China steps up aggression against Taiwan, Nike CEO John Donahoe said risk is everywhere but decoupling from the region would be 'disastrous.'

Lowe's beat first-quarter earnings expectations but lowered its full-year sales outlook.

Peloton has long been considered an in-home bike company for fitness junkies, but the company is working to change that by making its app accessible to all.

Paramount's combined Paramount+ and Showtime streaming service will launch on June 27.

Panera Brands CEO Niren Chaudhary will be succeeded by Einstein Bros. Bagels CEO Jose Duenas, effective July 1.

United plans to add 35 flights to the Denver airport and boost daily departures to about 450.

SpaceX Chief Financial Officer Bret Johnsen outlined potential business and financial consequences for the company if the environmentalists win the lawsuit.

U.S. banks have experienced historically low loan defaults over the last few years due to low interest rates and the flood of Covid stimulus money.

Walmart has partnered with pet telehealth provider Pawp to offer the service free to its Walmart+ members for a year to make the membership more valuable.

Longtime JPMorgan CEO Jamie Dimon is expected to speak in a question-and-answer session this afternoon.

Ford CEO Jim Farley kicked off the day discussing the company's growth plans for its gas-powered, fleet, and electric business units.

Danuglipron, made by Pfizer could offer an advantage as an oral treatment option for weight loss over a frequent injection of Ozempic, made by Novo Nordisk.