CNBC BUSINESS NEWS
- Merck said its narrowed profit guidance reflects several new items, including "lower estimated costs related to the impact of tariffs."
- The results come as Eli Lilly works to maintain its edge over Novo Nordisk in the booming market for a class of obesity and diabetes drugs called GLP-1s.
- The airline industry is pushing Republicans and Democrats to reopen the government as air traffic controllers work without pay.
- The bond, structured by Aon, is designed to help Jamaica rebuild after natural disasters by providing parametric coverage against losses from named storms.
- Mortgage rates surged higher after the Federal Reserve cut its benchmark interest rate. The market reacted to comments from the chairman on future cuts.
- Global automakers are bracing for a potential shortage of automotive semiconductor chips sparked by geopolitical tensions between the U.S. and China.
- At least five Wall Street analysts have cut their price targets for Chipotle shares after the chain's third-quarter earnings report.
- Bill Ackman, Ronald Lauder, William Lauder, Barry Diller and Dan Loeb have all made large donations to stop Mamdani. So have several non-New Yorkers.
- Comcast said it lost 104,000 broadband customers during the period – the fourth quarter in a row it failed to grow its broadband subscriber base.
- Comcast's Mike Cavanagh told investors he believes M&A is more "viable than maybe some of the public commentary that's out there."
- The company's international segment was the star of the quarter with 6.5% same-store sales growth.
- Under CEO Brian Niccol's leadership, the company has implemented a turnaround strategy focused on bringing the coffee chain back to its roots.
- Cofounder and chief medical officer Dr. Clay Johnston launched Harbor after running Michael Dell's namesake medical school.
- Shares of Chipotle have tumbled 33% this year, dragging its market value down to roughly $54 billion.
- The coffee company said delivery sales climbed almost 30% in its fiscal fourth quarter.
- It's the Trump administration's latest move to rein in high prescription drug costs in the U.S., and could be a blow to pharmaceutical companies.
- Boeing reported higher revenue than last year when production was constrained after a safety crisis and amid a labor strike.
- Funding for the Supplemental Nutrition Assistance Program could lapse within days if the government shutdown persists.
- Starting in mid-November, cash-paying patients can purchase Zepbound vials at discounts of 50% or more through the retailer's locations or via home delivery.
- The third-quarter results mark David Joyner's first full year as CEO of CVS, which had struggled to drive higher profits and improve its stock performance.
- U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
- Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
- Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
- Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
- Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
- The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
- U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
- QXO is taking its offer directly to shareholders after being rebuffed on several occasions.
- Maverick Natural Resources has operations in Texas and Oklahoma.
- There are some new wrinkles, especially for those who sell things online or bought an EV.
- Companies with good payouts are now the hottest bet in China markets.
- The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
- Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
- There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
- Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
- The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
- Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
- Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
- The story of home affordability in the U.S. told from a single front porch.
- The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.
