Business

Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action.The…

People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy surpassed Wall Street's revenue and earnings expectations for the holiday quarter on Thursday, even as the retailer navigated…

Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty ImagesBirkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the…

A view of iQiyi's website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new…

Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+.Here's how Paramount performed in the fourth quarter…

Marc Benioff, co-founder and CEO of Salesforce, speaks on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesSalesforce shares slid as much as 6% in extended trading…

Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020.CNBCSnowflake said Wednesday that CEO Frank Slootman is retiring, and will be replaced by Google ad chief Sridhar Ramaswamy. The shares plunged 20% in extended…

The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City on Jan. 21, 2021.Carlo Allegri | ReutersHims & Hers Health, the online provider of treatments for erectile…

TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer.Despite the strong quarter and end to its fiscal year, the company issued guidance that came in light of Wall Street's…

Shares of Novavax fell more than 20% on Wednesday after the vaccine maker reported fourth-quarter revenue and earnings that missed Wall Street's estimates and said it expects full-year 2024 sales to come in flat or lower than last…

The Norwegian Viva is docked at PortMiami's Terminal B ahead of its christening ceremony in Miami on Nov. 29, 2023.Richard Tribou | Tribune News Service | Getty ImagesNorwegian Cruise Line Holdings on Tuesday reported its first profitable…

A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Spencer Platt | Getty ImagesCava's stock climbed as much as 15% on…

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its…

Ali and Jamila Wright, co-owners of Brooklyn Tea.Courtesy: Brooklyn TeaLooking at the state of Black employment in America tells a mixed story: Much progress has been made in the age of the Covid-19 pandemic and beyond, but much is left to…

Lowe's on Tuesday beat Wall Street's quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects.The home improvement chain was going up against lower expectations for its fourth…

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024.Michael M. Santiago | Getty ImagesMacy's on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator…

Pavlo Gonchar | Lightrocket | Getty ImagesUnity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter.Here's how the company did:Earnings:…

Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York on April 18, 2019.Victor J. Blue | Bloomberg | Getty ImagesZoom shares…

JPMorgan Chase CEO Jamie Dimon thinks there's a better-than-even chance that the U.S. is heading for a recession, though he doesn't see systemic issues looming.Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in…

An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019.Christopher Pike | Bloomberg | Getty ImagesDUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund…

Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, NE.David A. Grogan | CNBCBerkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its…

Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesThe devil's in the details, but local economies have a friend in Taylor Swift.The American pop star has…

The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023.Alyssa…

Joachim Nagel, president of Deutsche Bundesbank, during the central bank's "Annual Report 2023" news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty ImagesLosses incurred by the German central bank…

Joachim Nagel, president of Deutsche Bundesbank, during the central bank's "Annual Report 2023" news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty ImagesLosses incurred by the German central bank…

A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California.Justin Sullivan | Getty ImagesShares of electric vehicle makers Rivian and Lucid plummeted Thursday after the…

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock stock rose as…

A attendee walks past a banner with a Grab logo before a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021.Ore Huiying | Bloomberg | Getty ImagesSINGAPORE — Grab posted its first-ever…

A construction site with new apartments in newly built apartment buildings.Patrick Pleul | Picture Alliance | Getty ImagesGermany's housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning…

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller said Thursday he will need to…