Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its…
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Editor’s Pick
Editor's Pick
Workers earning up to $58K a year could soon become eligible for overtime pay
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Millions more Americans could become eligible for overtime pay. The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of…
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UAW’s Tennessee win fuels backers’ hopes in the South, but some skeptics are unmoved
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The United Auto Workers just notched a historic victory in Tennessee, the union’s first major win since signing new contracts in Detroit as it shifts focus to the South. Some…
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College protesters want their schools to divest from ties to Israel. Here’s what that means.
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In addition to a cease-fire in Gaza, protesters on college campuses across the country are calling on their schools to divest from all financial support of Israel. Divestment usually refers…
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The…
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Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
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Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects…
The Biden administration is sending out $5.6 million in refund payments to certain Ring home security system customers after the company settled a federal complaint accusing it of security lapses.…
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Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock ‘manipulation’
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Shares of Trump Media shot up more than 9% on Wednesday, hours after the company revealed it was urging House Republican committee leaders to investigate possible “unlawful manipulation” of its stock. The stock boost also…
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates…
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Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
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Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC has learned. The move puts One…