The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development. The…
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Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that…
DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, CNBC has learned. The layoffs,…
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SEC charges Carl Icahn with hiding billions of dollars worth of stock pledges
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The Securities and Exchange Commission on Monday said it fined billionaire activist investor Carl Icahn and his company $2 million, settling allegations that he failed to disclose billions of dollars worth of…
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To fix Starbucks, incoming CEO will have to tackle its mobile app problem
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It’s become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated customers waiting for the drinks they ordered and overwhelmed baristas trying to keep up with it all.…
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Possible work stoppage at Canada’s two largest railroads could disrupt U.S. supply chain
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DETROIT — Canada’s two largest railroads are starting to shut down their shipping networks as a labor dispute with the Teamsters union threatens to cause lockouts or strikes that would…
Changes to realtor commissions taking effect this weekend could give home sellers a lot more negotiating power — and for buyers, potentially some more paperwork. Starting Saturday, realtors will be…
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Judge temporarily blocks sports streaming service owned by Disney, Fox, Warner Bros.
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A U.S. judge temporarily blocked media companies Disney, Warner Bros. Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo…
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TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold
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An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, told…
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Lawmakers ask Mark Zuckerberg to show how Facebook, Instagram are addressing illicit drug ads
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A bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter on Thursday expressing concern that the company is failing to prevent illicit drug advertisements from running on its platform. The House members…