Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is…
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Editor's Pick
Amazon is responsible for dangerous products sold on its site, federal agency rules
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Amazon must notify customers about and remove products deemed dangerous that it sells through its website, federal regulators ruled Tuesday. In a unanimous decision, the Consumer Product Safety Commission said…
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Texas AG wins $1.4B settlement from Facebook-parent Meta over facial-capture charges
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Texas Attorney General Ken Paxton has won a $1.4 billion settlement from Facebook parent Meta over charges that it captured users’ facial and biometric data without properly informing them it…
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Budget airline Spirit is trying to go upmarket — and blocking middle seats
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Free Wi-Fi? Free checked bag? Free snacks? On Spirit? The Florida-based carrier that is practically synonymous with budget air travel in the U.S. said Tuesday that it plans to offer packages…
Tesla has issued a recall for more than 1.8 million vehicles after it received reports that the hoods on some were unintentionally popping open. According to a document filed with…
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The housing crunch is still squeezing buyers — but not as badly in these swing-state counties
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Homes are getting less affordable for buyers all over the country — including in places where the 2024 presidential race could be decided. But market conditions in six key swing…
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The first Fed interest rate cut in years is on the horizon. Here’s what you need to know.
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The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful…
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U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
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U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced profits despite strong…
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Family offices are giving top staff equity, profit shares in battle for talent
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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions,…
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McDonald’s says $5 value meal sales are hot as consumers feel ‘pinch’ of inflation
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McDonald’s ‘$5 Meal Deal’ appears to be bringing back bargain-hungry customers amid broadly higher post-pandemic food prices. The fast-food giant reported profit and sales Monday that missed analysts’ expectations, acknowledging…