CNBC Business

Biden's statement comes as the UAW has withheld a reelection endorsement for the president.

Nikola is recalling all 209 of its battery-electric semitrucks after a June fire was traced to a truck's battery pack.

As Home Depot, Target and Walmart report earnings, retailers and investors have had to weigh contradictory factors as they predict consumer spending patterns.

The Swiss bank's settlement is the final case prosecutors brought over misconduct that led up to the global financial crisis.

CBS News said Wendy McMahon will take over as its new CEO and president.

Peter Stern, who most recently served as vice president of services at Apple, will be president of "Ford Integrated Services."

The departure comes in the months following Fox and its cable networks' $787.5 million settlement with Dominion Voting Systems to end the defamation lawsuit.

Illumina's acquisition of cancer test developer Grail has also faced heavy scrutiny from antitrust regulators in the U.S. and European Union.

Companies like Nordstrom, Macy's and Sephora have partnered with the Fifteen Percent Pledge to drive sales to Black-owned businesses.

Nine states have passed laws addressing organized retail crime and Congress is considering federal action. Experts say the new laws may not reduce crime.

The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit.

Rights to local NBA, NHL and MLB games may be on the market as the Diamond Sports' bankruptcy progresses. Broadcast station groups want those rights.

Airlines waived flight-change costs because of the deadly fires in the popular resort area of Maui in Hawaii.

The 2025 Cadillac Escalade IQ is a new all-electric SUV with more power than the current supercharged V-8 model and an estimated range of 450 miles.

College students and their families are expected to spend more this year as demand for electronics and dorm decor grows.

Partnering with sports leagues on ESPN may make sense for Disney, but it's not yet clear it makes sense for the leagues.

Tenants are increasingly looking for a "third space" where they can work away from both home and the office but are still close by.

Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices.

Inversago's drugs use a different approach than most treatments in the obesity and diabetes space.

Virgin Galactic flew its second commercial spaceflight Thursday, its first carrying private-paying tourists.